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Th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up is a<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tive i<span class=\"_ _4\"></span>n the industrial shipping</div>\n<div class=\"t m8 x1 hb y84 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">business.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 987px; height: 103px; width: 92%; z-index: 3;\"><br/></div>\n\n\n<div><br/></div>\n<div class=\"t m0 x1 h12 y87 ff2 fsc fc5 sc0 ls42 ws46\" style=\"z-index: 15;\">B. <span class=\"_ _8\"> </span><span class=\"ls41 ws45\">BASIS OF PREP<span class=\"_ _2\"></span>AR<span class=\"_ _4\"></span>A<span class=\"_ _2\"></span>TION</span></div>\n<div class=\"t m133 x1 hb y88 ff1 fs9 fc2 sc0 ls25 wsc\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e cons<span class=\"_ _4\"></span>oli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d \ufb01nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s have b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n pre<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ed in a<span class=\"_ _4\"></span>ccor<span class=\"_ _4\"></span>dan<span class=\"_ _4\"></span>ce wi<span class=\"_ _4\"></span>th In<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>nat<span class=\"_ _4\"></span>ional F<span class=\"_ _4\"></span>inan<span class=\"_ _4\"></span>cial Re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng St<span class=\"_ _4\"></span>and<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m134 x1 hb y89 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">ard<span class=\"_ _4\"></span>s (IFRS<span class=\"_ _4\"></span>) is<span class=\"_ _4\"></span>sue<span class=\"_ _4\"></span>d by t<span class=\"_ _4\"></span>he Inte<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>natio<span class=\"_ _4\"></span>nal Ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>ng Sta<span class=\"_ _4\"></span>nda<span class=\"_ _4\"></span>rds B<span class=\"_ _4\"></span>oar<span class=\"_ _4\"></span>d (IA<span class=\"_ _4\"></span>SB) as ad<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>ted by EU o<span class=\"_ _4\"></span>n Dec<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2022.</div>\n<div class=\"t m135 x1 hb y8a ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">The a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng po<span class=\"_ _4\"></span>licie<span class=\"_ _4\"></span>s ado<span class=\"_ _4\"></span>pte<span class=\"_ _4\"></span>d in pr<span class=\"_ _4\"></span>epa<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g the 2<span class=\"_ _4\"></span>022 co<span class=\"_ _4\"></span>nso<span class=\"_ _4\"></span>lidat<span class=\"_ _4\"></span>ed \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>re co<span class=\"_ _4\"></span>nsis<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>nt wit<span class=\"_ _4\"></span>h th<span class=\"_ _4\"></span>ose<span class=\"_ _4\"></span> </div>\n<div class=\"t m8 x1 hb yd8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ap<span class=\"_ _4\"></span>plie<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e pre<span class=\"_ _4\"></span>viou<span class=\"_ _4\"></span>s \ufb01na<span class=\"_ _4\"></span>ncial ye<span class=\"_ _4\"></span>ar<span class=\"_ _1\"></span>, exc<span class=\"_ _4\"></span>ept fo<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e item<span class=\"_ _4\"></span>s bel<span class=\"_ _4\"></span>ow.</div>\n<div class=\"t m0 x1 h6 y1a4 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">New a<span class=\"_ _4\"></span>nd am<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>ed s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>and<span class=\"_ _4\"></span>ard<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d inte<span class=\"_ _4\"></span>rpr<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns, e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>tive i<span class=\"_ _4\"></span>n 2022</div>\n<div class=\"t m136 x1 hb y4c ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p app<span class=\"_ _4\"></span>lie<span class=\"_ _4\"></span>d for t<span class=\"_ _4\"></span>he \ufb01r<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t tim<span class=\"_ _4\"></span>e cer<span class=\"_ _7\"></span>tai<span class=\"_ _4\"></span>n s<span class=\"_ _4\"></span>tan<span class=\"_ _4\"></span>dar<span class=\"_ _4\"></span>ds a<span class=\"_ _4\"></span>nd am<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s, whic<span class=\"_ _4\"></span>h are e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>tive f<span class=\"_ _4\"></span>or an<span class=\"_ _4\"></span>nual p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod<span class=\"_ _4\"></span>s be<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y4d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">gin<span class=\"_ _4\"></span>ning o<span class=\"_ _4\"></span>n or af<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>er Jan<span class=\"_ _4\"></span>uar<span class=\"_ _7\"></span>y 1<span class=\"_ _1\"></span>, 2022:</div>\n<div class=\"t m8 x1 hb y1a5 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span><span class=\"ls22 ws15\">Amendment<span class=\"_ _4\"></span>s to<span class=\"_ _3\"></span> IFRS<span class=\"_ _1\"></span> 3 Business Combinations; Connectional F<span class=\"_ _3\"></span>ramework; </span></div>\n<div class=\"t m8 x1 hb y1a6 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Am<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>dme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to IA<span class=\"_ _4\"></span>S 1<span class=\"_ _1\"></span>6 Pr<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y, Plant an<span class=\"_ _4\"></span>d Equip<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt: Pro<span class=\"_ _4\"></span>cee<span class=\"_ _4\"></span>ds b<span class=\"_ _4\"></span>efo<span class=\"_ _4\"></span>re Int<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>ed U<span class=\"_ _4\"></span>se;</div>\n<div class=\"t m8 x1 hb y1a7 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Am<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>dme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to IA<span class=\"_ _4\"></span>S 37 Cont<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>ent L<span class=\"_ _4\"></span>iabi<span class=\"_ _4\"></span>litie<span class=\"_ _4\"></span>s and O<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>s Con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s \u2013 Co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t of Ful\ufb01lli<span class=\"_ _4\"></span>ng a Co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>.</div>\n<div class=\"t m8 x1 hb y1a8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p bel<span class=\"_ _4\"></span>ieves t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e have lit<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>le or n<span class=\"_ _4\"></span>o imp<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t o<span class=\"_ _4\"></span>n it<span class=\"_ _4\"></span>s con<span class=\"_ _4\"></span>sol<span class=\"_ _4\"></span>idat<span class=\"_ _4\"></span>ed \ufb01na<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m137 x1 hb y51 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p has no<span class=\"_ _4\"></span>t ear<span class=\"_ _4\"></span>ly ad<span class=\"_ _4\"></span>opt<span class=\"_ _4\"></span>ed any ot<span class=\"_ _4\"></span>her s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>dar<span class=\"_ _4\"></span>d, inter<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ret<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n or a<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>dme<span class=\"_ _4\"></span>nt th<span class=\"_ _4\"></span>at has b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n is<span class=\"_ _4\"></span>sue<span class=\"_ _4\"></span>d bu<span class=\"_ _4\"></span>t is not</div>\n<div class=\"t m8 x1 hb y52 ff1 fs9 fc2 sc0 ls13 wsc\" style=\"z-index: 15;\">yet effe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tive.</div>\n<div class=\"t m0 x1 h6 y1a9 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Stan<span class=\"_ _4\"></span>da<span class=\"_ _4\"></span>rds i<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ued b<span class=\"_ _4\"></span>ut no<span class=\"_ _4\"></span>t yet ef<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve</div>\n<div class=\"t m76 x1 hb y55 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">A num<span class=\"_ _4\"></span>ber o<span class=\"_ _4\"></span>f new s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>ard<span class=\"_ _4\"></span>s, ame<span class=\"_ _4\"></span>ndm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s to s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>dard<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d inter<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ret<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns ar<span class=\"_ _4\"></span>e not yet ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive fo<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e year en<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d</div>\n<div class=\"t m138 x1 hb y56 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">De<span class=\"_ _4\"></span>cem<span class=\"_ _4\"></span>ber 31<span class=\"_ _1\"></span>, 2022 a<span class=\"_ _4\"></span>nd have no<span class=\"_ _4\"></span>t bee<span class=\"_ _4\"></span>n ap<span class=\"_ _4\"></span>plie<span class=\"_ _4\"></span>d in p<span class=\"_ _4\"></span>rep<span class=\"_ _4\"></span>ari<span class=\"_ _4\"></span>ng t<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span>soli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s. Th<span class=\"_ _4\"></span>e foll<span class=\"_ _4\"></span>ow<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m139 x1 hb y57 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">ing n<span class=\"_ _4\"></span>ew or am<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>dar<span class=\"_ _4\"></span>ds or i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ret<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ons, e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>tive J<span class=\"_ _4\"></span>anu<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y 1<span class=\"_ _1\"></span>, 2<span class=\"_ _4\"></span>023, are not e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed to have a s<span class=\"_ _4\"></span>igni<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>ant</div>\n<div class=\"t m8 x1 hb y58 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">imp<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t o<span class=\"_ _4\"></span>n the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s con<span class=\"_ _4\"></span>soli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s:</div>\n<div class=\"t m8 x1 hb y1aa ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span><span class=\"ls29 ws22\">IFRS 1<span class=\"_ _2\"></span>7 Insur<span class=\"_ _4\"></span>ance Contrac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s;</span></div>\n<div class=\"t m8 x1 hb y1ab ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Am<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>dme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to IA<span class=\"_ _4\"></span>S 1 Cla<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>i\ufb01c<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on of L<span class=\"_ _4\"></span>iabili<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s as Cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ent or N<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nt;</div>\n<div class=\"t m8 x1 hb y1ac ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Am<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>dme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to IA<span class=\"_ _4\"></span>S 8 De\ufb01<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on of Ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>g Es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>s;</div>\n<div class=\"t m8 x1 hb y1ad ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Am<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>dme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to IA<span class=\"_ _4\"></span>S 1 an<span class=\"_ _4\"></span>d IFRS Pr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ce St<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent 2: Dis<span class=\"_ _4\"></span>cl<span class=\"_ _4\"></span>osu<span class=\"_ _4\"></span>re of Acc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ting Poli<span class=\"_ _4\"></span>cies;</div>\n<div class=\"t m8 x1 hb y1ae ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Am<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>dme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to IA<span class=\"_ _4\"></span>S 1<span class=\"_ _1\"></span>2 D<span class=\"_ _4\"></span>efer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d T<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span>x relat<span class=\"_ _4\"></span>ed to A<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>nd L<span class=\"_ _4\"></span>iabil<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>isin<span class=\"_ _4\"></span>g fr<span class=\"_ _4\"></span>om a Sin<span class=\"_ _4\"></span>gle T<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n<span class=\"_ _3\"></span>;</div>\n\n<div class=\"t m13a x1 hb y5e ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e cons<span class=\"_ _4\"></span>oli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d \ufb01nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s w<span class=\"_ _4\"></span>ere ap<span class=\"_ _4\"></span>pro<span class=\"_ _4\"></span>ved an<span class=\"_ _4\"></span>d were a<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>hor<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d for i<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ue by t<span class=\"_ _4\"></span>he Bo<span class=\"_ _4\"></span>ard of D<span class=\"_ _4\"></span>irec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>s on</div>\n<div class=\"t m8 x1 hb y5f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Marc<span class=\"_ _4\"></span>h 28, 2023.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 443px; height: 36px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x1 h12 y76 ff2 fsc fc5 sc0 ls2 ws2\" style=\"z-index: 15;\">C. <span class=\"_ _b8\"> </span><span class=\"ls41 ws45\">BASIS OF MEA<span class=\"_ _4\"></span>SUREMENT AND P<span class=\"_ _1\"></span>RE<span class=\"_ _4\"></span>SENT<span class=\"_ _2\"></span>A<span class=\"_ _2\"></span>TION</span></div>\n<div class=\"t m13b x1 hb y77 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e cons<span class=\"_ _4\"></span>oli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s are pr<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>ente<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>hou<span class=\"_ _4\"></span>san<span class=\"_ _4\"></span>ds of U<span class=\"_ _4\"></span>SD<span class=\"_ _1\"></span>, w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h is als<span class=\"_ _4\"></span>o th<span class=\"_ _4\"></span>e fu<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>onal c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y of</div>\n<div class=\"t m20 x1 hb y63 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">the p<span class=\"_ _4\"></span>are<span class=\"_ _4\"></span>nt co<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>ny<span class=\"_ _1\"></span>. T<span class=\"_ _4\"></span>he Fin<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al Ser<span class=\"_ _7\"></span>vic<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d Mar<span class=\"_ _4\"></span>ket<span class=\"_ _4\"></span>s Au<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>rit<span class=\"_ _7\"></span>y (FSMA<span class=\"_ _4\"></span>) ap<span class=\"_ _4\"></span>prove<span class=\"_ _4\"></span>d th<span class=\"_ _4\"></span>e use o<span class=\"_ _4\"></span>f the US<span class=\"_ _4\"></span>D as rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>t<span class=\"ws2\">-</span></div>\n<div class=\"t m13c x1 hb y64 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">ing c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>y by let<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r of July 2, 20<span class=\"_ _4\"></span>03 a<span class=\"_ _4\"></span>s the m<span class=\"_ _4\"></span>ajor<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y of t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up\u2019<span class=\"_ _1\"></span>s s<span class=\"_ _4\"></span>hipp<span class=\"_ _4\"></span>ing ac<span class=\"_ _7\"></span>tiv<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s and r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>ncin<span class=\"_ _4\"></span>g are</div>\n<div class=\"t m8 x1 hb y65 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ex<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n USD. All valu<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e rou<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e near<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t th<span class=\"_ _4\"></span>ous<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>d.</div>\n<div class=\"t mcd x1 hb y79 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e pre<span class=\"_ _4\"></span>pare<span class=\"_ _4\"></span>d on t<span class=\"_ _4\"></span>he his<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>ric<span class=\"_ _4\"></span>al c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t bas<span class=\"_ _4\"></span>is exce<span class=\"_ _4\"></span>pt fo<span class=\"_ _4\"></span>r the fo<span class=\"_ _4\"></span>llow<span class=\"_ _4\"></span>ing mat<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>nd lia<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m13d x1 hb y66 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">bili<span class=\"_ _4\"></span>ties t<span class=\"_ _4\"></span>hat have b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d on a<span class=\"_ _4\"></span>n alte<span class=\"_ _4\"></span>rn<span class=\"_ _4\"></span>ative b<span class=\"_ _4\"></span>asi<span class=\"_ _4\"></span>s on ea<span class=\"_ _4\"></span>ch re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng dat<span class=\"_ _4\"></span>e: der<span class=\"_ _4\"></span>ivat<span class=\"_ _4\"></span>ive \ufb01na<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s,</div>\n<div class=\"t m13e x1 hb y67 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s at F<span class=\"_ _4\"></span>V<span class=\"_ _7\"></span>TPL and t<span class=\"_ _4\"></span>he ne<span class=\"_ _4\"></span>t de\ufb01<span class=\"_ _4\"></span>ned b<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>e\ufb01t lia<span class=\"_ _4\"></span>bili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>. As<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s hel<span class=\"_ _4\"></span>d for s<span class=\"_ _4\"></span>ale a<span class=\"_ _4\"></span>re s<span class=\"_ _4\"></span>tat<span class=\"_ _4\"></span>ed at t<span class=\"_ _4\"></span>he lo<span class=\"_ _4\"></span>wer of c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y68 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ing a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt and f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue l<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s cos<span class=\"_ _4\"></span>t to s<span class=\"_ _4\"></span>ell.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 245px; height: 713px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 245px; height: 894px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 245px; height: 894px; 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 xe h12 y42 ff2 fsc fc5 sc0 ls43 ws47\" style=\"z-index: 15;\">D.<span class=\"_ _4\"></span> <span class=\"_ _b8\"></span><span class=\"ls2 ws2\">U<span class=\"_ _1\"></span>SE OF JUDGEMENTS AND ESTIMA<span class=\"_ _2\"></span>TES</span></div>\n<div class=\"t m13f xe hb y7f ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e pre<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on of t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>nso<span class=\"_ _4\"></span>lidat<span class=\"_ _4\"></span>ed \ufb01na<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s in acc<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>e wit<span class=\"_ _4\"></span>h IFRS re<span class=\"_ _4\"></span>quir<span class=\"_ _4\"></span>es ma<span class=\"_ _4\"></span>nage<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t to make</div>\n<div class=\"t m140 xe hb y43 ff1 fs9 fc2 sc0 ls17 wsb\" style=\"z-index: 15;\">jud<span class=\"_ _4\"></span>gme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s, es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>s and as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ump<span class=\"_ _4\"></span>tion<span class=\"_ _4\"></span>s that a<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t the a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>lic<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n of th<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng po<span class=\"_ _4\"></span>licie<span class=\"_ _4\"></span>s and t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d</div>\n<div class=\"t m141 xe hb y80 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s of a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es, in<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e and ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es, t<span class=\"_ _4\"></span>he acc<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>anyi<span class=\"_ _4\"></span>ng dis<span class=\"_ _4\"></span>cl<span class=\"_ _4\"></span>osu<span class=\"_ _4\"></span>res a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e dis<span class=\"_ _4\"></span>clo<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>e of con<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m142 xe hb y81 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">tin<span class=\"_ _4\"></span>gen<span class=\"_ _4\"></span>t liabi<span class=\"_ _4\"></span>lit<span class=\"_ _4\"></span>y. The es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>s and re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d as<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>mpti<span class=\"_ _4\"></span>ons a<span class=\"_ _4\"></span>re bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n his<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>al ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>e and v<span class=\"_ _4\"></span>ari<span class=\"_ _4\"></span>ous ot<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>r fac<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y82 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">tor<span class=\"_ _4\"></span>s th<span class=\"_ _4\"></span>at are b<span class=\"_ _4\"></span>elieve<span class=\"_ _4\"></span>d to b<span class=\"_ _4\"></span>e reas<span class=\"_ _4\"></span>ona<span class=\"_ _4\"></span>ble u<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e circ<span class=\"_ _4\"></span>ums<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ces<span class=\"_ _4\"></span>. Ac<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al res<span class=\"_ _4\"></span>ult<span class=\"_ _4\"></span>s m<span class=\"_ _4\"></span>ay dif<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>er fr<span class=\"_ _4\"></span>om t<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mates<span class=\"_ _4\"></span>.</div>\n<div class=\"t m143 xe hb y83 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">The estimates and the underlying assumptions are reviewed on an ongoing basis. Revis<span class=\"_ _4\"></span>ions t<span class=\"_ _4\"></span>o acco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ing es<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>imate<span class=\"_ _4\"></span>s</div>\n<div class=\"t m144 xe hb y84 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in t<span class=\"_ _4\"></span>he p<span class=\"_ _4\"></span>eri<span class=\"_ _4\"></span>od in w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h the e<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>e is revi<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d if th<span class=\"_ _4\"></span>e revis<span class=\"_ _4\"></span>ion o<span class=\"_ _4\"></span>nly af<span class=\"_ _7\"></span>fec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>hat p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod, or i<span class=\"_ _4\"></span>n the p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod</div>\n<div class=\"t m8 xe hb y85 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e revi<span class=\"_ _4\"></span>sio<span class=\"_ _4\"></span>n and f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod<span class=\"_ _4\"></span>s, if t<span class=\"_ _4\"></span>he rev<span class=\"_ _4\"></span>isio<span class=\"_ _4\"></span>n af<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s bo<span class=\"_ _4\"></span>th c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>rent a<span class=\"_ _4\"></span>nd f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure p<span class=\"_ _4\"></span>eri<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m0 xe h6 y1af ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Judgements</div>\n<div class=\"t m145 xe hb y88 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">In t<span class=\"_ _4\"></span>he pro<span class=\"_ _4\"></span>ces<span class=\"_ _4\"></span>s of a<span class=\"_ _4\"></span>ppl<span class=\"_ _4\"></span>ying t<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup\u2019<span class=\"_ _1\"></span>s a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng po<span class=\"_ _4\"></span>licie<span class=\"_ _4\"></span>s, mana<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent ha<span class=\"_ _4\"></span>s mad<span class=\"_ _4\"></span>e the f<span class=\"_ _4\"></span>ollow<span class=\"_ _4\"></span>ing ju<span class=\"_ _4\"></span>dge<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s, whic<span class=\"_ _4\"></span>h</div>\n<div class=\"t m8 xe hb y89 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">have a sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>t imp<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t o<span class=\"_ _4\"></span>n the a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>ted i<span class=\"_ _4\"></span>n the c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>oli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>ncial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s:</div>\n<div class=\"t m0 xe h6 y1b0 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">As<span class=\"_ _4\"></span>sessment of e<span class=\"_ _3\"></span>xercising purchase options</div>\n<div class=\"t m146 xe hb y4a ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Det<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>mini<span class=\"_ _4\"></span>ng wh<span class=\"_ _4\"></span>eth<span class=\"_ _4\"></span>er E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR will e<span class=\"_ _4\"></span>xerc<span class=\"_ _4\"></span>ise p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>e opt<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s on \ufb01n<span class=\"_ _4\"></span>ance<span class=\"_ _4\"></span>d as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s req<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>s jud<span class=\"_ _4\"></span>gm<span class=\"_ _4\"></span>ent a<span class=\"_ _4\"></span>nd im<span class=\"_ _4\"></span>pac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m8 xe hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">us<span class=\"_ _4\"></span>efu<span class=\"_ _4\"></span>l life of t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>. All f<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d cir<span class=\"_ _4\"></span>cum<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>nces r<span class=\"_ _4\"></span>elev<span class=\"_ _4\"></span>ant to t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>sm<span class=\"_ _4\"></span>ent ar<span class=\"_ _4\"></span>e cons<span class=\"_ _4\"></span>id<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m147 xe hb y4c ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Sp<span class=\"_ _4\"></span>eci<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>ally<span class=\"_ _3\"></span>, for t<span class=\"_ _4\"></span>he pre<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>ize<span class=\"_ _4\"></span>d \ufb02ee<span class=\"_ _4\"></span>t, mana<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent ha<span class=\"_ _4\"></span>s mad<span class=\"_ _4\"></span>e the a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n tha<span class=\"_ _4\"></span>t the p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>e opt<span class=\"_ _4\"></span>ions f<span class=\"_ _4\"></span>or t<span class=\"_ _4\"></span>he 7</div>\n<div class=\"t m8 xe hb y4d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ls will b<span class=\"_ _4\"></span>e exer<span class=\"_ _4\"></span>cis<span class=\"_ _4\"></span>ed b<span class=\"_ _4\"></span>efor<span class=\"_ _4\"></span>e or at t<span class=\"_ _4\"></span>he en<span class=\"_ _4\"></span>d of th<span class=\"_ _4\"></span>e res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve \ufb01nan<span class=\"_ _4\"></span>cing a<span class=\"_ _4\"></span>gre<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s.  </div>\n\n<div class=\"t m0 xe h6 y1b1 ff2 fs4 fc1 sc0 ls46 ws4a\" style=\"z-index: 15;\">Estimates<span class=\"_ _1\"></span> and assumptions</div>\n<div class=\"t m8 xe hb y50 ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e key ass<span class=\"_ _4\"></span>ump<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns co<span class=\"_ _4\"></span>ncer<span class=\"_ _4\"></span>ni<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e fu<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e and ot<span class=\"_ _4\"></span>her key s<span class=\"_ _4\"></span>our<span class=\"_ _4\"></span>ces of e<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tima<span class=\"_ _4\"></span>tion u<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>aint<span class=\"_ _7\"></span>y at th<span class=\"_ _4\"></span>e rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>ting d<span class=\"_ _4\"></span>ate,</div>\n<div class=\"t m148 xe hb y51 ff1 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">tha<span class=\"_ _4\"></span>t have a sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>ant r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k of ca<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>ng a mate<span class=\"_ _4\"></span>rial a<span class=\"_ _4\"></span>dju<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt to th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s of as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s and li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>ties w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>hin th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y52 ff1 fs9 fc2 sc0 ls2 ws3b\" style=\"z-index: 15;\">nex<span class=\"_ _4\"></span>t \ufb01n<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>ial year<span class=\"_ _3\"></span>, are de<span class=\"_ _4\"></span>sc<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>be<span class=\"_ _4\"></span>d bel<span class=\"_ _4\"></span>ow. The Gro<span class=\"_ _4\"></span>up b<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d it<span class=\"_ _4\"></span>s as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>umpt<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s and e<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>es on p<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ame<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>s avail<span class=\"_ _4\"></span>able</div>\n<div class=\"t m149 xe hb y53 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">wh<span class=\"_ _4\"></span>en th<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span>sol<span class=\"_ _4\"></span>idat<span class=\"_ _4\"></span>ed \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al s<span class=\"_ _4\"></span>tat<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s wer<span class=\"_ _4\"></span>e pre<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ed. E<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>g circ<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ces a<span class=\"_ _4\"></span>nd as<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>mpt<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s abo<span class=\"_ _4\"></span>ut f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure</div>\n<div class=\"t m14a xe hb y54 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">deve<span class=\"_ _4\"></span>lop<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s, howeve<span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>, may c<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>e due to m<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ket cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s or cir<span class=\"_ _4\"></span>cum<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>nces a<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>sing t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e beyo<span class=\"_ _4\"></span>nd co<span class=\"_ _4\"></span>ntro<span class=\"_ _4\"></span>l of</div>\n<div class=\"t m8 xe hb y73 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p. Suc<span class=\"_ _4\"></span>h cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>\ufb02ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed in t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>umpt<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>ey occ<span class=\"_ _4\"></span>ur<span class=\"_ _3\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 624px; height: 128px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 xe h6 y1b2 ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Impairment of<span class=\"_ _3\"></span> vessels and<span class=\"_ _3\"></span> barges</div>\n<div class=\"t m129 xe hb y58 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p revie<span class=\"_ _4\"></span>ws t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>yi<span class=\"_ _4\"></span>ng amo<span class=\"_ _4\"></span>unt of e<span class=\"_ _4\"></span>ach ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>el fo<span class=\"_ _4\"></span>r pote<span class=\"_ _4\"></span>ntia<span class=\"_ _4\"></span>l imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>ment a<span class=\"_ _4\"></span>t leas<span class=\"_ _4\"></span>t an<span class=\"_ _4\"></span>nuall<span class=\"_ _4\"></span>y or w<span class=\"_ _4\"></span>hene<span class=\"_ _4\"></span>ver event<span class=\"_ _4\"></span>s</div>\n<div class=\"t m14b xe hb y59 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">or c<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>es in c<span class=\"_ _4\"></span>irc<span class=\"_ _4\"></span>ums<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>es in<span class=\"_ _4\"></span>dic<span class=\"_ _4\"></span>ate t<span class=\"_ _4\"></span>hat th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt of a s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ci\ufb01c ve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>sel m<span class=\"_ _4\"></span>ay not be f<span class=\"_ _4\"></span>ully r<span class=\"_ _4\"></span>ecove<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ble. Th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y5a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rec<span class=\"_ _4\"></span>over<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt is t<span class=\"_ _4\"></span>he hig<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue le<span class=\"_ _4\"></span>ss c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t to s<span class=\"_ _4\"></span>ell an<span class=\"_ _4\"></span>d the v<span class=\"_ _4\"></span>alue i<span class=\"_ _4\"></span>n use.</div>\n<div class=\"t m14c xe hb y5b ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e les<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>st t<span class=\"_ _4\"></span>o sell i<span class=\"_ _4\"></span>s det<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>mine<span class=\"_ _4\"></span>d ba<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d upo<span class=\"_ _4\"></span>n in<span class=\"_ _4\"></span>dep<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>nt val<span class=\"_ _4\"></span>uati<span class=\"_ _4\"></span>on re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s. T<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup e<span class=\"_ _4\"></span>ngag<span class=\"_ _4\"></span>es t<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>o</div>\n<div class=\"t m14d xe hb y5c ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">ind<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alua<span class=\"_ _4\"></span>tion s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>cial<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s to as<span class=\"_ _4\"></span>ses<span class=\"_ _4\"></span>s f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lues a<span class=\"_ _4\"></span>t rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>ting d<span class=\"_ _4\"></span>ate. Th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g valu<span class=\"_ _4\"></span>es of t<span class=\"_ _4\"></span>he ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ls may not</div>\n<div class=\"t m14e xe hb y5d ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">rep<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ent t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air ma<span class=\"_ _4\"></span>rket v<span class=\"_ _4\"></span>alue a<span class=\"_ _4\"></span>t any poi<span class=\"_ _4\"></span>nt in ti<span class=\"_ _4\"></span>me si<span class=\"_ _4\"></span>nce t<span class=\"_ _4\"></span>he mar<span class=\"_ _4\"></span>ket pr<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>es of se<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>nd han<span class=\"_ _4\"></span>d ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ls ten<span class=\"_ _4\"></span>d to \ufb02uc<span class=\"_ _7\"></span>tu<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m14f xe hb y5e ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">ate wi<span class=\"_ _4\"></span>th c<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ges i<span class=\"_ _4\"></span>n char<span class=\"_ _7\"></span>te<span class=\"_ _4\"></span>r rat<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d the c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t of new b<span class=\"_ _4\"></span>uild<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s. His<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>cal<span class=\"_ _4\"></span>ly<span class=\"_ _1\"></span>, b<span class=\"_ _4\"></span>oth c<span class=\"_ _4\"></span>har<span class=\"_ _7\"></span>ter r<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s and ve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>sel v<span class=\"_ _4\"></span>alue<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb y5f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ten<span class=\"_ _4\"></span>d to be c<span class=\"_ _4\"></span>yc<span class=\"_ _4\"></span>lic<span class=\"_ _4\"></span>al.</div>\n<div class=\"t m150 xe hb y60 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">The v<span class=\"_ _4\"></span>alue i<span class=\"_ _4\"></span>n us<span class=\"_ _4\"></span>e is bas<span class=\"_ _4\"></span>ed u<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>n fu<span class=\"_ _4\"></span>ture c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s dis<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d to the<span class=\"_ _4\"></span>ir pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nt val<span class=\"_ _4\"></span>ue. In deve<span class=\"_ _4\"></span>lop<span class=\"_ _4\"></span>ing es<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>imate<span class=\"_ _4\"></span>s of fu<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e</div>\n<div class=\"t m151 xe hb y75 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">ca<span class=\"_ _4\"></span>sh \ufb02<span class=\"_ _4\"></span>ows, ma<span class=\"_ _4\"></span>nag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt makes a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ump<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns ab<span class=\"_ _4\"></span>out e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n dat<span class=\"_ _4\"></span>e (in c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>e of tem<span class=\"_ _4\"></span>por<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ily u<span class=\"_ _4\"></span>nem<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>d</div>\n<div class=\"t m152 xe hb y76 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ls), fut<span class=\"_ _4\"></span>ure c<span class=\"_ _4\"></span>har<span class=\"_ _7\"></span>ter r<span class=\"_ _4\"></span>ates<span class=\"_ _4\"></span>, ship o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ting e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es, t<span class=\"_ _4\"></span>he es<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>imate<span class=\"_ _4\"></span>d re<span class=\"_ _4\"></span>maini<span class=\"_ _4\"></span>ng us<span class=\"_ _4\"></span>efu<span class=\"_ _4\"></span>l lives of t<span class=\"_ _4\"></span>he \ufb02e<span class=\"_ _4\"></span>et an<span class=\"_ _4\"></span>d th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m153 xe hb y61 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">WA<span class=\"_ _3\"></span>CC. Th<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>sum<span class=\"_ _4\"></span>pti<span class=\"_ _4\"></span>ons a<span class=\"_ _4\"></span>re bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n his<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>ric<span class=\"_ _4\"></span>al t<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>ds a<span class=\"_ _4\"></span>s well as f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s. Al<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>ug<span class=\"_ _4\"></span>h manag<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>ent</div>\n<div class=\"t m154 xe hb y77 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">be<span class=\"_ _4\"></span>lieves t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>umpt<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s us<span class=\"_ _4\"></span>ed to ev<span class=\"_ _4\"></span>aluat<span class=\"_ _4\"></span>e pote<span class=\"_ _4\"></span>ntia<span class=\"_ _4\"></span>l imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt are re<span class=\"_ _4\"></span>aso<span class=\"_ _4\"></span>nab<span class=\"_ _4\"></span>le an<span class=\"_ _4\"></span>d ap<span class=\"_ _4\"></span>pro<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>iate, su<span class=\"_ _4\"></span>ch as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ump<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m155 xe hb y63 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">tio<span class=\"_ _4\"></span>ns are h<span class=\"_ _4\"></span>ighl<span class=\"_ _4\"></span>y sub<span class=\"_ _4\"></span>jec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ive. We refe<span class=\"_ _4\"></span>r to Note 14 V<span class=\"_ _1\"></span>es<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>els a<span class=\"_ _4\"></span>nd ba<span class=\"_ _4\"></span>rge<span class=\"_ _4\"></span>s for a<span class=\"_ _4\"></span>ddi<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>nal inf<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>mat<span class=\"_ _4\"></span>ion o<span class=\"_ _4\"></span>n the a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>ns</div>\n<div class=\"t m8 xe hb y64 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ap<span class=\"_ _4\"></span>plie<span class=\"_ _4\"></span>d at year-<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>.</div>\n<div class=\"t m0 xe h6 y1b3 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Climate change and sustainabilit<span class=\"_ _4\"></span>y related de<span class=\"_ _1\"></span>velopments</div>\n<div class=\"t m13e xe hb y67 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Clim<span class=\"_ _4\"></span>ate rel<span class=\"_ _4\"></span>ated m<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>rs a<span class=\"_ _4\"></span>nd me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>res s<span class=\"_ _4\"></span>uch a<span class=\"_ _4\"></span>s the i<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on of e<span class=\"_ _4\"></span>mis<span class=\"_ _4\"></span>sio<span class=\"_ _4\"></span>n red<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion l<span class=\"_ _4\"></span>egis<span class=\"_ _4\"></span>lat<span class=\"_ _4\"></span>ion may h<span class=\"_ _4\"></span>ave a sign<span class=\"_ _4\"></span>if<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m156 xe hb y68 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">ic<span class=\"_ _4\"></span>ant im<span class=\"_ _4\"></span>pac<span class=\"_ _7\"></span>t on t<span class=\"_ _4\"></span>he E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R bus<span class=\"_ _4\"></span>ine<span class=\"_ _4\"></span>ss a<span class=\"_ _4\"></span>nd it<span class=\"_ _4\"></span>s c<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>tom<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s. E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR is c<span class=\"_ _4\"></span>los<span class=\"_ _4\"></span>ely m<span class=\"_ _4\"></span>onito<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ng cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ent d<span class=\"_ _4\"></span>evelo<span class=\"_ _4\"></span>pme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d</div>\n<div class=\"t m135 xe hb y69 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>s rela<span class=\"_ _4\"></span>ted to c<span class=\"_ _4\"></span>limate c<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ge an<span class=\"_ _4\"></span>d sus<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>aina<span class=\"_ _4\"></span>bili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y (see al<span class=\"_ _4\"></span>so s<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion 3.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>. ES<span class=\"_ _4\"></span>G of this a<span class=\"_ _4\"></span>nnua<span class=\"_ _4\"></span>l rep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>), and b<span class=\"_ _4\"></span>elieves<span class=\"_ _4\"></span> </div>\n<div class=\"t m8 xe hb y6a ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>ese c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>ntly d<span class=\"_ _4\"></span>o not re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>t in f<span class=\"_ _4\"></span>und<span class=\"_ _4\"></span>ame<span class=\"_ _4\"></span>nta<span class=\"_ _4\"></span>lly ch<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>ed ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns re<span class=\"_ _4\"></span>gar<span class=\"_ _4\"></span>ding u<span class=\"_ _4\"></span>sef<span class=\"_ _4\"></span>ul li<span class=\"_ _4\"></span>ves or r<span class=\"_ _4\"></span>ecove<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>bilit<span class=\"_ _7\"></span>y of our</div>\n<div class=\"t m157 xe hb y7b ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">\ufb02ee<span class=\"_ _4\"></span>t. In t<span class=\"_ _4\"></span>he se<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>tiv<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y an<span class=\"_ _4\"></span>alys<span class=\"_ _4\"></span>is of t<span class=\"_ _4\"></span>he an<span class=\"_ _4\"></span>nual im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>m<span class=\"_ _4\"></span>ent te<span class=\"_ _4\"></span>st o<span class=\"_ _4\"></span>f ves<span class=\"_ _4\"></span>sel<span class=\"_ _4\"></span>s and b<span class=\"_ _4\"></span>arg<span class=\"_ _4\"></span>es, t<span class=\"_ _4\"></span>he age a<span class=\"_ _4\"></span>nd em<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>sio<span class=\"_ _4\"></span>n rat<span class=\"_ _4\"></span>ing of</div>\n<div class=\"t m8 xe hb y6b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">eac<span class=\"_ _4\"></span>h par<span class=\"_ _7\"></span>tic<span class=\"_ _4\"></span>ular a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et w<span class=\"_ _4\"></span>as co<span class=\"_ _4\"></span>nsid<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>d.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 179px; height: 960px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 179px; height: 960px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 179px; height: 960px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x1 h12 y42 ff2 fsc fc5 sc0 ls2 ws2\" style=\"z-index: 15;\">E. <span class=\"_ _8\"> </span><span class=\"ls47 ws4b\">SIGNIFIC<span class=\"_ _4\"></span>ANT A<span class=\"_ _3\"></span>CC<span class=\"_ _1\"></span>OUNTING POLICIE<span class=\"_ _4\"></span>S</span></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x1 h13 y43 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>. <span class=\"_ _11\"> </span>BASIS OF CONSOLIDA<span class=\"_ _1\"></span>TION</div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1 h6 y1b4 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Business combinations</div>\n<div class=\"t m158 x1 hb y83 ff1 fs9 fc2 sc0 ls25 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>s f<span class=\"_ _4\"></span>or bu<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s com<span class=\"_ _4\"></span>bin<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns us<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he ac<span class=\"_ _4\"></span>quis<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>ion me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>d wh<span class=\"_ _4\"></span>en co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ol is t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up.</div>\n<div class=\"t m8e x1 hb y84 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">In de<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>min<span class=\"_ _4\"></span>ing w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>her a p<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>icul<span class=\"_ _4\"></span>ar se<span class=\"_ _4\"></span>t of ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>ties a<span class=\"_ _4\"></span>nd as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s is a b<span class=\"_ _4\"></span>usin<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s, th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ses w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>r the s<span class=\"_ _4\"></span>et of</div>\n<div class=\"t m8 x1 hb y85 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd ac<span class=\"_ _7\"></span>tiv<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s acq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>es, at a m<span class=\"_ _4\"></span>inim<span class=\"_ _4\"></span>um, an in<span class=\"_ _4\"></span>put a<span class=\"_ _4\"></span>nd s<span class=\"_ _4\"></span>ubs<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ant<span class=\"_ _4\"></span>ive pr<span class=\"_ _4\"></span>oce<span class=\"_ _4\"></span>ss a<span class=\"_ _4\"></span>nd w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>he acq<span class=\"_ _4\"></span>uir<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m8 x1 hb yb7 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">set h<span class=\"_ _4\"></span>as th<span class=\"_ _4\"></span>e abil<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y to p<span class=\"_ _4\"></span>rod<span class=\"_ _4\"></span>uce o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>put<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t m159 x1 hb y87 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">The G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p has an o<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n to ap<span class=\"_ _4\"></span>ply a \u2018conc<span class=\"_ _4\"></span>entr<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion te<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>\u2019 t<span class=\"_ _4\"></span>hat p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>mit<span class=\"_ _4\"></span>s a si<span class=\"_ _4\"></span>mpli<span class=\"_ _4\"></span>\ufb01ed a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ment of w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>her a<span class=\"_ _4\"></span>n acq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d</div>\n<div class=\"t m15a x1 hb y8c ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">set o<span class=\"_ _4\"></span>f ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>vit<span class=\"_ _4\"></span>ies a<span class=\"_ _4\"></span>nd as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s is not a b<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>ines<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>. The o<span class=\"_ _4\"></span>pti<span class=\"_ _4\"></span>onal c<span class=\"_ _4\"></span>onc<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ion t<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t is me<span class=\"_ _4\"></span>t if su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>anti<span class=\"_ _4\"></span>ally all of t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>al<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y88 ff1 fs9 fc2 sc0 ls2 ws24\" style=\"z-index: 15;\">ue of t<span class=\"_ _4\"></span>he gro<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s ac<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>red i<span class=\"_ _4\"></span>s con<span class=\"_ _4\"></span>cent<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ted i<span class=\"_ _4\"></span>n a sing<span class=\"_ _4\"></span>le id<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>i\ufb01ab<span class=\"_ _4\"></span>le as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t or gr<span class=\"_ _4\"></span>oup of s<span class=\"_ _4\"></span>imila<span class=\"_ _4\"></span>r ide<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>\ufb01abl<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t m15b x1 hb y89 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Goo<span class=\"_ _4\"></span>dw<span class=\"_ _4\"></span>ill is i<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>ally me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>red a<span class=\"_ _4\"></span>t the a<span class=\"_ _4\"></span>cqu<span class=\"_ _4\"></span>isit<span class=\"_ _4\"></span>ion d<span class=\"_ _4\"></span>ate as t<span class=\"_ _4\"></span>he exc<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s of th<span class=\"_ _4\"></span>e agg<span class=\"_ _4\"></span>reg<span class=\"_ _4\"></span>ate of t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue of t<span class=\"_ _4\"></span>he con<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>er<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m122 x1 hb y8a ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">atio<span class=\"_ _4\"></span>n tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>sf<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>red, p<span class=\"_ _4\"></span>lus t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nized a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt of any n<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>-c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rolli<span class=\"_ _4\"></span>ng inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s in t<span class=\"_ _4\"></span>he ac<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>re, plus \u2013 i<span class=\"_ _4\"></span>f the b<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s</div>\n<div class=\"t m15c x1 hb yd8 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>bin<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n is ac<span class=\"_ _4\"></span>hieve<span class=\"_ _4\"></span>d in s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>age<span class=\"_ _4\"></span>s \u2013 the f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue of t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t in t<span class=\"_ _4\"></span>he ac<span class=\"_ _4\"></span>quir<span class=\"_ _4\"></span>e, les<span class=\"_ _4\"></span>s the n<span class=\"_ _4\"></span>et rec<span class=\"_ _4\"></span>og<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y8b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">nize<span class=\"_ _4\"></span>d amo<span class=\"_ _4\"></span>unt (<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>ally at f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue) of t<span class=\"_ _4\"></span>he id<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>i\ufb01e<span class=\"_ _4\"></span>d as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>ies a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m8 x1 hb y1b5 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he exce<span class=\"_ _4\"></span>ss i<span class=\"_ _4\"></span>s neg<span class=\"_ _4\"></span>ative, a ba<span class=\"_ _4\"></span>rgai<span class=\"_ _4\"></span>n pur<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>se ga<span class=\"_ _4\"></span>in is im<span class=\"_ _4\"></span>med<span class=\"_ _4\"></span>iatel<span class=\"_ _4\"></span>y rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ized i<span class=\"_ _4\"></span>n pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>.</div>\n<div class=\"t m8 x1 hb y8d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>re ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>d as in<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>rre<span class=\"_ _4\"></span>d, exce<span class=\"_ _4\"></span>pt if re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e is<span class=\"_ _4\"></span>sue o<span class=\"_ _4\"></span>f deb<span class=\"_ _4\"></span>t or eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>es.</div>\n<div class=\"t m15d x1 hb y4c ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">The c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tion t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d do<span class=\"_ _4\"></span>es not i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ts r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e set<span class=\"_ _7\"></span>tle<span class=\"_ _4\"></span>ment of p<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>exi<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ting r<span class=\"_ _4\"></span>elati<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>hips<span class=\"_ _4\"></span>.</div>\n<div class=\"t m8 x1 hb y4d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Suc<span class=\"_ _4\"></span>h am<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>re ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>ally r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>.</div>\n<div class=\"t m15e x1 hb y4e ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Any c<span class=\"_ _4\"></span>onti<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>nt co<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>der<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion is m<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue at t<span class=\"_ _4\"></span>he dat<span class=\"_ _4\"></span>e of acq<span class=\"_ _4\"></span>uis<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n. If an o<span class=\"_ _4\"></span>bli<span class=\"_ _4\"></span>gati<span class=\"_ _4\"></span>on to p<span class=\"_ _4\"></span>ay cont<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>ent</div>\n<div class=\"t m15f x1 hb y72 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n tha<span class=\"_ _4\"></span>t mee<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s the d<span class=\"_ _4\"></span>e\ufb01ni<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of a \ufb01nan<span class=\"_ _4\"></span>cial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>nt is c<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si\ufb01<span class=\"_ _4\"></span>ed as e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>hen i<span class=\"_ _4\"></span>t is not r<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>asur<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>nd</div>\n<div class=\"t m160 x1 hb y4f ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">set<span class=\"_ _7\"></span>tle<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t is acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed fo<span class=\"_ _4\"></span>r wit<span class=\"_ _4\"></span>hin e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>. O<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>her<span class=\"_ _7\"></span>wis<span class=\"_ _4\"></span>e, othe<span class=\"_ _4\"></span>r cont<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>ent co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ion i<span class=\"_ _4\"></span>s rem<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>red a<span class=\"_ _4\"></span>t fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e at</div>\n<div class=\"t m8 x1 hb y50 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">eac<span class=\"_ _4\"></span>h rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g date a<span class=\"_ _4\"></span>nd su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uent c<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ges i<span class=\"_ _4\"></span>n fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>t or los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 707px; height: 342px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 707px; height: 342px; width: 90%; z-index: 4;\"><br/></div>\n\n\n<div class=\"t m0 x1 h6 y1b6 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Subsidiaries</div>\n<div class=\"t m8 x1 hb y54 ff1 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">Sub<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>iar<span class=\"_ _4\"></span>ies ar<span class=\"_ _4\"></span>e tho<span class=\"_ _4\"></span>se e<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>ties c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rolle<span class=\"_ _4\"></span>d by t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up. Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p con<span class=\"_ _4\"></span>tro<span class=\"_ _4\"></span>ls an e<span class=\"_ _4\"></span>ntit<span class=\"_ _4\"></span>y w<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>n it is ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ose<span class=\"_ _4\"></span>d to, or has</div>\n<div class=\"t m20 x1 hb y73 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">rig<span class=\"_ _4\"></span>ht<span class=\"_ _4\"></span>s to, var<span class=\"_ _4\"></span>iabl<span class=\"_ _4\"></span>e ret<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ns f<span class=\"_ _4\"></span>rom it<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>nvolve<span class=\"_ _4\"></span>ment w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h the e<span class=\"_ _4\"></span>ntit<span class=\"_ _7\"></span>y and ha<span class=\"_ _4\"></span>s the a<span class=\"_ _4\"></span>bili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y to af<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>hos<span class=\"_ _4\"></span>e ret<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ns th<span class=\"_ _4\"></span>roug<span class=\"_ _4\"></span>h it<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x1 hb y55 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pow<span class=\"_ _4\"></span>er over t<span class=\"_ _4\"></span>he e<span class=\"_ _4\"></span>ntit<span class=\"_ _4\"></span>y.</div>\n<div class=\"t m161 x1 hb y56 ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s of s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>iari<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e incl<span class=\"_ _4\"></span>ude<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>nso<span class=\"_ _4\"></span>lid<span class=\"_ _4\"></span>ated \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>he da<span class=\"_ _4\"></span>te on w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h</div>\n<div class=\"t m162 x1 hb y57 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>tro<span class=\"_ _4\"></span>l com<span class=\"_ _4\"></span>menc<span class=\"_ _4\"></span>es un<span class=\"_ _4\"></span>til t<span class=\"_ _4\"></span>he dat<span class=\"_ _4\"></span>e on wh<span class=\"_ _4\"></span>ich c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rol cea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s. Al<span class=\"_ _4\"></span>l intr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>Gro<span class=\"_ _4\"></span>up bal<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>es, in<span class=\"_ _4\"></span>come a<span class=\"_ _4\"></span>nd ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es, un<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y58 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">alize<span class=\"_ _4\"></span>d gai<span class=\"_ _4\"></span>ns and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s and d<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>den<span class=\"_ _4\"></span>ds re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>g fro<span class=\"_ _4\"></span>m int<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>Gro<span class=\"_ _4\"></span>up t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nsa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns ar<span class=\"_ _4\"></span>e elimi<span class=\"_ _4\"></span>nate<span class=\"_ _4\"></span>d in f<span class=\"_ _4\"></span>ull.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 558px; height: 128px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x1 h6 y1b7 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Los<span class=\"_ _4\"></span>s of co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ol</div>\n<div class=\"t m163 x1 hb y5c ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Up<span class=\"_ _4\"></span>on t<span class=\"_ _4\"></span>he los<span class=\"_ _4\"></span>s of c<span class=\"_ _4\"></span>ontr<span class=\"_ _4\"></span>ol, the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p der<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnize<span class=\"_ _4\"></span>s th<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>ies of t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>ubs<span class=\"_ _4\"></span>idia<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>, a<span class=\"_ _4\"></span>nd no<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rolli<span class=\"_ _4\"></span>ng</div>\n<div class=\"t m8 x1 hb y5d ff1 fs9 fc2 sc0 ls2 ws1c\" style=\"z-index: 15;\">inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d the o<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r com<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>nent<span class=\"_ _4\"></span>s of e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d to the s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>iar<span class=\"_ _4\"></span>y. Any su<span class=\"_ _4\"></span>rp<span class=\"_ _4\"></span>lus o<span class=\"_ _4\"></span>r de\ufb01c<span class=\"_ _4\"></span>it ar<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ing on t<span class=\"_ _4\"></span>he lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s of</div>\n<div class=\"t m8 x1 hb y1b8 ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>trol i<span class=\"_ _4\"></span>s rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ized i<span class=\"_ _4\"></span>n pro\ufb01<span class=\"_ _4\"></span>t and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s. If t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up re<span class=\"_ _4\"></span>tai<span class=\"_ _4\"></span>ns any i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t in th<span class=\"_ _4\"></span>e prev<span class=\"_ _4\"></span>iou<span class=\"_ _4\"></span>s sub<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>iar<span class=\"_ _7\"></span>y<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>hen s<span class=\"_ _4\"></span>uch i<span class=\"_ _4\"></span>nter</div>\n<div class=\"t m8 x14 hb y5e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y5f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">es<span class=\"_ _4\"></span>t is me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>red a<span class=\"_ _4\"></span>t fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e at th<span class=\"_ _4\"></span>e date t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntro<span class=\"_ _4\"></span>l is lo<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>.</div>\n\n<div><br/></div>\n<div class=\"t m0 x1 h6 y1b9 ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Interests in equity-accounted<span class=\"_ _3\"></span> inv<span class=\"_ _1\"></span>es<span class=\"_ _4\"></span>tees</div>\n<div class=\"t m8 x1 hb y61 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t in e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted inve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s com<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>s inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s in as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>oci<span class=\"_ _4\"></span>ates a<span class=\"_ _4\"></span>nd joi<span class=\"_ _4\"></span>nt vent<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m164 x1 hb y77 ff2 fs9 fc2 sc0 ls1f ws42\" style=\"z-index: 15;\">As<span class=\"_ _4\"></span>sociates<span class=\"ff1 ls2 wsd\"> are th<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>e enti<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s in whi<span class=\"_ _4\"></span>ch t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up ha<span class=\"_ _4\"></span>s sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>ant i<span class=\"_ _4\"></span>n\ufb02ue<span class=\"_ _4\"></span>nce, bu<span class=\"_ _4\"></span>t not co<span class=\"_ _4\"></span>ntro<span class=\"_ _4\"></span>l or joi<span class=\"_ _4\"></span>nt con<span class=\"_ _4\"></span>tro<span class=\"_ _4\"></span>l, over the </span></div>\n<div class=\"t m165 x1 hb y63 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">\ufb01na<span class=\"_ _4\"></span>ncial a<span class=\"_ _4\"></span>nd o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ing p<span class=\"_ _4\"></span>olic<span class=\"_ _4\"></span>ies. S<span class=\"_ _4\"></span>igni<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>ant in\ufb02<span class=\"_ _4\"></span>uen<span class=\"_ _4\"></span>ce is p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>d to ex<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up ho<span class=\"_ _4\"></span>lds b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>een 20<span class=\"_ _4\"></span>% an<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 x1 hb y64 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">50% o<span class=\"_ _4\"></span>f the vot<span class=\"_ _4\"></span>ing p<span class=\"_ _4\"></span>ower.</div>\n\n<div class=\"t m166 x1 hb y65 ff1 fs9 fc2 sc0 ls1c ws23\" style=\"z-index: 15;\">A <span class=\"ff2 ls35 ws2c\">joint venture</span><span class=\"wsb\"> is an ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt in w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h the G<span class=\"_ _4\"></span>roup h<span class=\"_ _4\"></span>as joi<span class=\"_ _4\"></span>nt con<span class=\"_ _4\"></span>tro<span class=\"_ _4\"></span>l, wher<span class=\"_ _4\"></span>eby t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up ha<span class=\"_ _4\"></span>s rig<span class=\"_ _4\"></span>ht<span class=\"_ _4\"></span>s to th<span class=\"_ _4\"></span>e net </span></div>\n<div class=\"t m8 x1 hb y79 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>f the a<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent, r<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>han r<span class=\"_ _4\"></span>igh<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s to it<span class=\"_ _4\"></span>s as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s and o<span class=\"_ _4\"></span>blig<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns for i<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es.</div>\n<div class=\"t m167 x1 hb y66 ff1 fs9 fc2 sc0 ls11 wsc\" style=\"z-index: 15;\">Inves<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts i<span class=\"_ _4\"></span>n as<span class=\"_ _4\"></span>so<span class=\"_ _4\"></span>ciate<span class=\"_ _4\"></span>s and j<span class=\"_ _4\"></span>oint ve<span class=\"_ _4\"></span>ntu<span class=\"_ _4\"></span>res ar<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d for u<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>g the e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y met<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>d and a<span class=\"_ _4\"></span>re rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d init<span class=\"_ _4\"></span>ially a<span class=\"_ _4\"></span>t</div>\n<div class=\"t m168 x1 hb y67 ff1 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">cos<span class=\"_ _4\"></span>t. T<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t of the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>des t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on co<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>. Sub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>nt to ini<span class=\"_ _4\"></span>tial r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnit<span class=\"_ _4\"></span>ion, th<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span>soli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>n<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m169 x1 hb y68 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>ncl<span class=\"_ _4\"></span>ude t<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup\u2019<span class=\"_ _1\"></span>s s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>e of the p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>t or los<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd OCI of e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s, fr<span class=\"_ _4\"></span>om th<span class=\"_ _4\"></span>e date</div>\n<div class=\"t m16a x1 hb y69 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">tha<span class=\"_ _4\"></span>t sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>ant i<span class=\"_ _4\"></span>n\ufb02ue<span class=\"_ _4\"></span>nce o<span class=\"_ _4\"></span>r joint c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rol c<span class=\"_ _4\"></span>omm<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>es unt<span class=\"_ _4\"></span>il th<span class=\"_ _4\"></span>e date t<span class=\"_ _4\"></span>hat s<span class=\"_ _4\"></span>igni<span class=\"_ _4\"></span>\ufb01ca<span class=\"_ _4\"></span>nt in\ufb02<span class=\"_ _4\"></span>uen<span class=\"_ _4\"></span>ce or jo<span class=\"_ _4\"></span>int co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ol cea<span class=\"_ _4\"></span>ses<span class=\"_ _4\"></span>.</div>\n<div class=\"t m16b x1 hb y6a ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he sh<span class=\"_ _4\"></span>are of t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up in t<span class=\"_ _4\"></span>he lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es exc<span class=\"_ _4\"></span>eed<span class=\"_ _4\"></span>s it<span class=\"_ _4\"></span>s in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>st i<span class=\"_ _4\"></span>n an e<span class=\"_ _4\"></span>quit<span class=\"_ _7\"></span>y acco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>e, the c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>yi<span class=\"_ _4\"></span>ng am<span class=\"_ _4\"></span>ount of<span class=\"_ _4\"></span> </div>\n<div class=\"t m16c x1 hb y7b ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">tha<span class=\"_ _4\"></span>t inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t is re<span class=\"_ _4\"></span>duc<span class=\"_ _4\"></span>ed to ze<span class=\"_ _4\"></span>ro, and t<span class=\"_ _4\"></span>he rec<span class=\"_ _4\"></span>og<span class=\"_ _4\"></span>nitio<span class=\"_ _4\"></span>n of fu<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>re los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es is di<span class=\"_ _4\"></span>sco<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>nue<span class=\"_ _4\"></span>d, except t<span class=\"_ _4\"></span>o the ex<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ent t<span class=\"_ _4\"></span>hat th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p</div>\n<div class=\"t m16d x1 hb y6b ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">has a<span class=\"_ _4\"></span>n obli<span class=\"_ _4\"></span>gati<span class=\"_ _4\"></span>on or ha<span class=\"_ _4\"></span>s mad<span class=\"_ _4\"></span>e pay<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts o<span class=\"_ _4\"></span>n be<span class=\"_ _4\"></span>half o<span class=\"_ _4\"></span>f the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee. In s<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>h ca<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>he neg<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ve inves<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ment i<span class=\"_ _4\"></span>n eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m16e x1 hb y6c ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s is de<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m othe<span class=\"_ _4\"></span>r com<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>nen<span class=\"_ _4\"></span>ts o<span class=\"_ _4\"></span>f the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>\u2019s intere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t in th<span class=\"_ _4\"></span>e eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee (<span class=\"_ _4\"></span>bo<span class=\"_ _4\"></span>r<span class=\"_ _3\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m16f x1 hb y6d ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s to eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>ccou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es). If the n<span class=\"_ _4\"></span>ega<span class=\"_ _4\"></span>tive i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent in e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s exce<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>s the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>\u2019s</div>\n<div class=\"t m170 x1 hb y6e ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t, a li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d for t<span class=\"_ _4\"></span>he ne<span class=\"_ _4\"></span>t amo<span class=\"_ _4\"></span>unt. U<span class=\"_ _4\"></span>nrea<span class=\"_ _4\"></span>lise<span class=\"_ _4\"></span>d gai<span class=\"_ _4\"></span>ns ar<span class=\"_ _4\"></span>isi<span class=\"_ _4\"></span>ng f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ons w<span class=\"_ _4\"></span>ith e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted</div>\n<div class=\"t m171 x1 hb y6f ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e elimi<span class=\"_ _4\"></span>nate<span class=\"_ _4\"></span>d agai<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>t the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent to t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up<span class=\"_ _3\"></span>\u2019<span class=\"_ _3\"></span>s inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t in t<span class=\"_ _4\"></span>he inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ee. Unr<span class=\"_ _4\"></span>ealis<span class=\"_ _4\"></span>ed lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m16d x1 hb y70 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">es ar<span class=\"_ _4\"></span>e elimi<span class=\"_ _4\"></span>nate<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e sa<span class=\"_ _4\"></span>me way a<span class=\"_ _4\"></span>s unre<span class=\"_ _4\"></span>alis<span class=\"_ _4\"></span>ed gai<span class=\"_ _4\"></span>ns, b<span class=\"_ _4\"></span>ut onl<span class=\"_ _4\"></span>y to th<span class=\"_ _4\"></span>e ex<span class=\"_ _4\"></span>ten<span class=\"_ _4\"></span>t that t<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>e is no ev<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>nce of i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>ir<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 96px; height: 235px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 96px; height: 326px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 96px; height: 994px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 96px; height: 1043px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 96px; height: 1043px; 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 xe h13 y42 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">B. <span class=\"_ _b9\"> </span><span class=\"ls48 ws4c\">FOREIGN C<span class=\"_ _1\"></span>UR<span class=\"_ _4\"></span>RENCY</span></div>\n\n<div class=\"t m0 xe h6 y1ba ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Functional cur<span class=\"_ _4\"></span>renc<span class=\"_ _4\"></span>y</div>\n<div class=\"t m172 xe hb y80 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Eac<span class=\"_ _4\"></span>h ent<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y p<span class=\"_ _4\"></span>rep<span class=\"_ _4\"></span>are<span class=\"_ _4\"></span>s it<span class=\"_ _4\"></span>s ind<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>dua<span class=\"_ _4\"></span>l \ufb01nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>n the c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y of th<span class=\"_ _4\"></span>e pr<span class=\"_ _4\"></span>ima<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y ec<span class=\"_ _4\"></span>ono<span class=\"_ _4\"></span>mic env<span class=\"_ _4\"></span>iro<span class=\"_ _4\"></span>nme<span class=\"_ _4\"></span>nt in</div>\n<div class=\"t m173 xe hb y81 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">whi<span class=\"_ _4\"></span>ch t<span class=\"_ _4\"></span>he ent<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s (i.e. the f<span class=\"_ _4\"></span>unc<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>nal cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y). Sever<span class=\"_ _4\"></span>al Eu<span class=\"_ _4\"></span>rop<span class=\"_ _4\"></span>ean an<span class=\"_ _4\"></span>d Ho<span class=\"_ _4\"></span>ng Kong b<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d ent<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s have th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y82 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD as f<span class=\"_ _4\"></span>unc<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>nal c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>renc<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>s the m<span class=\"_ _4\"></span>ajor<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y of t<span class=\"_ _4\"></span>hei<span class=\"_ _4\"></span>r ca<span class=\"_ _4\"></span>sh \ufb02o<span class=\"_ _4\"></span>ws ar<span class=\"_ _4\"></span>e exp<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ed in U<span class=\"_ _4\"></span>SD<span class=\"_ _3\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 1020px; height: 78px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 xe h6 y1bb ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ransac<span class=\"_ _4\"></span>tions and<span class=\"_ _3\"></span> balances</div>\n<div class=\"t m174 xe hb y86 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">In pr<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>ari<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e ind<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>dual \ufb01<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s, t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ons i<span class=\"_ _4\"></span>n cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>es ot<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>han t<span class=\"_ _4\"></span>he en<span class=\"_ _4\"></span>titi<span class=\"_ _4\"></span>es\u2019 f<span class=\"_ _4\"></span>unc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>al cu<span class=\"_ _4\"></span>r<span class=\"_ _3\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y87 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ren<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>y are re<span class=\"_ _4\"></span>cor<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d at the e<span class=\"_ _4\"></span>xcha<span class=\"_ _4\"></span>nge r<span class=\"_ _4\"></span>ate a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>lic<span class=\"_ _4\"></span>able a<span class=\"_ _4\"></span>t the d<span class=\"_ _4\"></span>ate of t<span class=\"_ _4\"></span>he tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>sac<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n.</div>\n<div class=\"t m131 xe hb y8c ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">At th<span class=\"_ _4\"></span>e rep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing d<span class=\"_ _4\"></span>ate, monet<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>y as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>nd lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>ies d<span class=\"_ _4\"></span>eno<span class=\"_ _4\"></span>minat<span class=\"_ _4\"></span>ed in fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>es are t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nsl<span class=\"_ _4\"></span>ated to t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>unc<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m175 xe hb y88 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">tio<span class=\"_ _4\"></span>nal cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>pot exc<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ge r<span class=\"_ _4\"></span>ates a<span class=\"_ _4\"></span>t that d<span class=\"_ _4\"></span>ate. The n<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>-m<span class=\"_ _4\"></span>one<span class=\"_ _4\"></span>tar<span class=\"_ _7\"></span>y as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s and lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>ies t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d in ter<span class=\"_ _4\"></span>ms<span class=\"_ _4\"></span> </div>\n<div class=\"t m176 xe hb y89 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">of his<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>al co<span class=\"_ _4\"></span>st a<span class=\"_ _4\"></span>re tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>slate<span class=\"_ _4\"></span>d to t<span class=\"_ _4\"></span>he fu<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ional c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y at th<span class=\"_ _4\"></span>e exch<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>e rat<span class=\"_ _4\"></span>e at the d<span class=\"_ _4\"></span>ate of t<span class=\"_ _4\"></span>he ini<span class=\"_ _4\"></span>tial t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nsa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns.</div>\n<div class=\"t m177 xe hb y8a ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Non<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>mon<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y i<span class=\"_ _4\"></span>tems t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue in a fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y are t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d usin<span class=\"_ _4\"></span>g the e<span class=\"_ _4\"></span>xcha<span class=\"_ _4\"></span>nge r<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb yd8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">at th<span class=\"_ _4\"></span>e date t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue w<span class=\"_ _4\"></span>as det<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>mine<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m178 xe hb y8b ff1 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">Fore<span class=\"_ _4\"></span>ign exc<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ge dif<span class=\"_ _7\"></span>fer<span class=\"_ _4\"></span>ence<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>isi<span class=\"_ _4\"></span>ng on t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nsla<span class=\"_ _4\"></span>tion a<span class=\"_ _4\"></span>re re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he pr<span class=\"_ _4\"></span>o\ufb01t or lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t, excep<span class=\"_ _4\"></span>t for (<span class=\"_ _4\"></span>i) qu<span class=\"_ _4\"></span>ali<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m179 xe hb y4a ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">\ufb01ed c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow h<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ges t<span class=\"_ _4\"></span>o the ex<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ent t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he he<span class=\"_ _4\"></span>dge<span class=\"_ _4\"></span>s are e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>tive, an<span class=\"_ _4\"></span>d (ii) m<span class=\"_ _4\"></span>one<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y it<span class=\"_ _4\"></span>ems t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e des<span class=\"_ _4\"></span>ign<span class=\"_ _4\"></span>ated a<span class=\"_ _4\"></span>s par<span class=\"_ _7\"></span>t</div>\n<div class=\"t m17a xe hb y4b ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e hed<span class=\"_ _4\"></span>ge of t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up\u2019<span class=\"_ _1\"></span>s net i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent in\u2005<span class=\"_ _4\"></span>a forei<span class=\"_ _4\"></span>gn op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on, whic<span class=\"_ _4\"></span>h are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n othe<span class=\"_ _4\"></span>r com<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>hen<span class=\"_ _4\"></span>sive</div>\n<div class=\"t m8 xe hb y4c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">inc<span class=\"_ _4\"></span>ome. Up<span class=\"_ _4\"></span>on d<span class=\"_ _4\"></span>isp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>al of t<span class=\"_ _4\"></span>he he<span class=\"_ _4\"></span>dge a<span class=\"_ _4\"></span>nd or n<span class=\"_ _4\"></span>et inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt, th<span class=\"_ _4\"></span>e cum<span class=\"_ _4\"></span>ulat<span class=\"_ _4\"></span>ive am<span class=\"_ _4\"></span>ount i<span class=\"_ _4\"></span>s rec<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si\ufb01<span class=\"_ _4\"></span>ed to p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m0 xe h6 y1bc ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Consolidation of f<span class=\"_ _3\"></span>oreign operations</div>\n<div class=\"t m17b xe hb y4f ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">On c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>olid<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n, ass<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es of fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns, inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ing g<span class=\"_ _4\"></span>ood<span class=\"_ _4\"></span>will a<span class=\"_ _4\"></span>nd f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>ris<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y50 ff1 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">ing o<span class=\"_ _4\"></span>n acq<span class=\"_ _4\"></span>uis<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n, are tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>slat<span class=\"_ _4\"></span>ed to USD \u2013 t<span class=\"_ _4\"></span>he g<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p rep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>y - usi<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e clo<span class=\"_ _4\"></span>sing r<span class=\"_ _4\"></span>ate a<span class=\"_ _4\"></span>t rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g date.</div>\n<div class=\"t m17c xe hb y51 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e inco<span class=\"_ _4\"></span>me an<span class=\"_ _4\"></span>d ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>s of th<span class=\"_ _4\"></span>e fore<span class=\"_ _4\"></span>ign o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s are co<span class=\"_ _4\"></span>nver<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed to US<span class=\"_ _4\"></span>D at th<span class=\"_ _4\"></span>e excha<span class=\"_ _4\"></span>nge r<span class=\"_ _4\"></span>ate a<span class=\"_ _4\"></span>t the d<span class=\"_ _4\"></span>ate of t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m17d xe hb y52 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion (t<span class=\"_ _4\"></span>he aver<span class=\"_ _4\"></span>ag<span class=\"_ _4\"></span>e exch<span class=\"_ _4\"></span>ange r<span class=\"_ _4\"></span>ate d<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>leva<span class=\"_ _4\"></span>nt per<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>d is us<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n ca<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>he date o<span class=\"_ _4\"></span>f tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion ap<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>ox<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y53 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">imat<span class=\"_ _4\"></span>es th<span class=\"_ _4\"></span>is aver<span class=\"_ _4\"></span>age r<span class=\"_ _4\"></span>ate).</div>\n<div class=\"t m17e xe hb y54 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Fore<span class=\"_ _4\"></span>ign c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>y tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>lati<span class=\"_ _4\"></span>on di<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>renc<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e rec<span class=\"_ _4\"></span>ogni<span class=\"_ _4\"></span>zed d<span class=\"_ _4\"></span>irec<span class=\"_ _7\"></span>tly i<span class=\"_ _4\"></span>n othe<span class=\"_ _4\"></span>r com<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>ve inco<span class=\"_ _4\"></span>me. Th<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>e fore<span class=\"_ _4\"></span>ign c<span class=\"_ _4\"></span>ur<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m17f xe hb y73 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">ren<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>y dif<span class=\"_ _7\"></span>fere<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>s are p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>ed wi<span class=\"_ _4\"></span>thi<span class=\"_ _4\"></span>n the \u201c<span class=\"_ _4\"></span>T<span class=\"_ _1\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>latio<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>ve\u201d ca<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n. Howe<span class=\"_ _4\"></span>ver<span class=\"_ _1\"></span>, if t<span class=\"_ _4\"></span>he o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ion i<span class=\"_ _4\"></span>s a non<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>who<span class=\"_ _4\"></span>lly</div>\n<div class=\"t m180 xe hb y55 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">ow<span class=\"_ _4\"></span>ned s<span class=\"_ _4\"></span>ubs<span class=\"_ _4\"></span>idia<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>, the<span class=\"_ _4\"></span>n the r<span class=\"_ _4\"></span>elev<span class=\"_ _4\"></span>ant pr<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>iona<span class=\"_ _4\"></span>te sha<span class=\"_ _4\"></span>re of t<span class=\"_ _4\"></span>he tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>lati<span class=\"_ _4\"></span>on di<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>e is allo<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>ted to t<span class=\"_ _4\"></span>he no<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>n<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y56 ff1 fs9 fc2 sc0 ls28 ws1a\" style=\"z-index: 15;\">trolling in<span class=\"_ _3\"></span>terest<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m181 xe hb y57 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en a fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n is di<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>ed of, the c<span class=\"_ _4\"></span>umu<span class=\"_ _4\"></span>lati<span class=\"_ _4\"></span>ve amo<span class=\"_ _4\"></span>unt i<span class=\"_ _4\"></span>n the t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nsl<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>ve rel<span class=\"_ _4\"></span>ated t<span class=\"_ _4\"></span>o that f<span class=\"_ _4\"></span>orei<span class=\"_ _4\"></span>gn</div>\n<div class=\"t m182 xe hb y58 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n is re<span class=\"_ _4\"></span>clas<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>i\ufb01e<span class=\"_ _4\"></span>d to pro\ufb01<span class=\"_ _4\"></span>t and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s as pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>he ga<span class=\"_ _4\"></span>in or lo<span class=\"_ _4\"></span>ss o<span class=\"_ _4\"></span>n dis<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sa<span class=\"_ _4\"></span>l. Whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p dis<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s of only</div>\n<div class=\"t m8 xe hb y59 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">par<span class=\"_ _7\"></span>t of it<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t in a su<span class=\"_ _4\"></span>bsi<span class=\"_ _4\"></span>diar<span class=\"_ _7\"></span>y th<span class=\"_ _4\"></span>at inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>es a fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n whil<span class=\"_ _4\"></span>e ret<span class=\"_ _4\"></span>aini<span class=\"_ _4\"></span>ng con<span class=\"_ _4\"></span>tro<span class=\"_ _4\"></span>l, the rel<span class=\"_ _4\"></span>evan<span class=\"_ _4\"></span>t pro<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n</div>\n<div class=\"t m183 xe hb y5a ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e cum<span class=\"_ _4\"></span>ulat<span class=\"_ _4\"></span>ive am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>t is reat<span class=\"_ _7\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>ted t<span class=\"_ _4\"></span>o non<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>con<span class=\"_ _4\"></span>tro<span class=\"_ _4\"></span>lling in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ts<span class=\"_ _4\"></span>. Wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up di<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>es of on<span class=\"_ _4\"></span>ly pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t of it<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb y5b ff1 fs9 fc2 sc0 ls2 ws1c\" style=\"z-index: 15;\">inves<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t in an as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ocia<span class=\"_ _4\"></span>te or jo<span class=\"_ _4\"></span>int ven<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e that i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>s a fore<span class=\"_ _4\"></span>ign o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion w<span class=\"_ _4\"></span>hile re<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ining s<span class=\"_ _4\"></span>igni<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>ant in<span class=\"_ _4\"></span>\ufb02uen<span class=\"_ _4\"></span>ce or</div>\n<div class=\"t m8 xe hb y1bd ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">join<span class=\"_ _4\"></span>t cont<span class=\"_ _4\"></span>rol, th<span class=\"_ _4\"></span>e rele<span class=\"_ _4\"></span>vant p<span class=\"_ _4\"></span>rop<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of th<span class=\"_ _4\"></span>e cu<span class=\"_ _4\"></span>mulat<span class=\"_ _4\"></span>ive am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>t is rec<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed to p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>t and lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m8 xe hb y1be ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e main exc<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ge r<span class=\"_ _4\"></span>ates u<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d are:</div>\n<div class=\"t m8 x4 hd y1bf ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Closing rates<span class=\"_ _ba\"> </span>Average rates</div>\n<div class=\"t m8 xe hd y1c0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXCHANGE RA<span class=\"_ _1\"></span>TES<span class=\"_ _bb\"> </span>December 31, 2022<span class=\"_ _bc\"> </span>December 31, 2021<span class=\"_ _bd\"> </span>2022<span class=\"_ _76\"> </span>2021</div>\n<div class=\"t m8 xe hc y1c1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EUR<span class=\"_ _be\"> </span>0.9376<span class=\"_ _bf\"> </span>0.8829<span class=\"_ _b4\"> </span>0.9474<span class=\"_ _bf\"> </span>0.8407</div>\n<div class=\"t m8 xe hc y1c2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">GBP<span class=\"_ _91\"> </span>0.8315<span class=\"_ _bf\"> </span>0.7419<span class=\"_ _b4\"> </span>0.8062<span class=\"_ _bf\"> </span>0.7258</div>\n<div class=\"t m8 xe hc y1c3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">HKD<span class=\"_ _c0\"> </span>7.7970<span class=\"_ _bf\"> </span>7.7992<span class=\"_ _b4\"> </span>7.8309<span class=\"_ _bf\"> </span>7.7704</div>\n<div class=\"t m8 xe hc y1c4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">NOK<span class=\"_ _c1\"> </span>9.8573<span class=\"_ _bf\"> </span>8.8194<span class=\"_ _b4\"> </span>9.5392<span class=\"_ _bf\"> </span>8.5788</div>\n<div class=\"t m8 xe hc y1c5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">XAF<span class=\"_ _c2\"> </span>615.0062<span class=\"_ _c3\"> </span>579.0388<span class=\"_ _c4\"> </span>621.5040<span class=\"_ _c3\"> </span>551.5720</div>\n<div class=\"t m8 xe hc y1c6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ARS<span class=\"_ _c2\"> </span>177.1165<span class=\"_ _c3\"> </span>102.7327<span class=\"_ _c4\"> </span>126.5182<span class=\"_ _c5\"> </span>94.1620</div>\n<div class=\"t m8 xe hc y1c7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">KRW<span class=\"_ _c6\"> </span>1,259.4458<span class=\"_ _52\"> </span>1,189.0606<span class=\"_ _bf\"> </span>1,283.6970<span class=\"_ _52\"> </span>1,137.6564</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 290px; height: 849px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 290px; height: 849px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 290px; height: 849px; 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 class=\"t m0 x1 h13 y42 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">C. <span class=\"_ _c7\"> </span>FINAN<span class=\"_ _4\"></span>CIAL INS<span class=\"_ _4\"></span>TRUMENTS</div>\n<div class=\"t m184 x1 hb y7f ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">Fina<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd \ufb01na<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of \ufb01na<span class=\"_ _4\"></span>ncial p<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up</div>\n<div class=\"t m8 x1 hb y43 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">be<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>es a pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y to t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>tual p<span class=\"_ _4\"></span>rovi<span class=\"_ _4\"></span>sio<span class=\"_ _4\"></span>ns of t<span class=\"_ _4\"></span>he ins<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t.</div>\n<div class=\"t m8 x1 hb y1c8 ff1 fs9 fc2 sc0 ls2 ws12\" style=\"z-index: 15;\">Fina<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es are i<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>ally me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>red a<span class=\"_ _4\"></span>t fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e. T<span class=\"_ _1\"></span>ran<span class=\"_ _4\"></span>sa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s th<span class=\"_ _4\"></span>at are d<span class=\"_ _4\"></span>irec<span class=\"_ _7\"></span>tly at<span class=\"_ _7\"></span>tr<span class=\"_ _4\"></span>ib</div>\n<div class=\"t m8 x14 hb y80 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y81 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">ut<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e to th<span class=\"_ _4\"></span>e acq<span class=\"_ _4\"></span>uisi<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n or is<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>e of \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l liabi<span class=\"_ _4\"></span>litie<span class=\"_ _4\"></span>s (othe<span class=\"_ _4\"></span>r tha<span class=\"_ _4\"></span>n \ufb01na<span class=\"_ _4\"></span>ncial a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>ncial</div>\n<div class=\"t m8 x1 hb y1c9 ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es at f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue t<span class=\"_ _4\"></span>hro<span class=\"_ _4\"></span>ugh p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s) are a<span class=\"_ _4\"></span>dd<span class=\"_ _4\"></span>ed to o<span class=\"_ _4\"></span>r ded<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue of t<span class=\"_ _4\"></span>he \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s or</div>\n<div class=\"t m185 x1 hb y83 ff1 fs9 fc2 sc0 ls28 ws2e\" style=\"z-index: 15;\">\ufb01nancial<span class=\"_ _3\"></span> liabil<span class=\"_ _3\"></span>ities,<span class=\"_ _3\"></span> as appropriate<span class=\"_ _3\"></span>, on in<span class=\"_ _3\"></span>itial<span class=\"_ _3\"></span> recognition.<span class=\"_ _3\"></span> T<span class=\"_ _1\"></span>ransac<span class=\"_ _4\"></span>tion cost<span class=\"_ _4\"></span>s directly att<span class=\"_ _4\"></span>ributable to the acquisition<span class=\"_ _3\"></span> of</div>\n<div class=\"t m186 x1 hb y84 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">\ufb01na<span class=\"_ _4\"></span>ncial a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s or \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es at f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue th<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>gh pr<span class=\"_ _4\"></span>o\ufb01t or lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d imm<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>iately i<span class=\"_ _4\"></span>n pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>.</div>\n\n<div><br/></div>\n<div class=\"t m0 x1 h6 y1ca ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Financial assets</div>\n<div class=\"t m8 x1 hb y8c ff1 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">All r<span class=\"_ _4\"></span>egu<span class=\"_ _4\"></span>lar way p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>es or s<span class=\"_ _4\"></span>ale<span class=\"_ _4\"></span>s of \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d and d<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n a tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>e date b<span class=\"_ _4\"></span>asi<span class=\"_ _4\"></span>s. Reg<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y88 ff1 fs9 fc2 sc0 ls2 ws3a\" style=\"z-index: 15;\">ular w<span class=\"_ _4\"></span>ay pur<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>ses o<span class=\"_ _4\"></span>r sa<span class=\"_ _4\"></span>les ar<span class=\"_ _4\"></span>e pur<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>ses o<span class=\"_ _4\"></span>r sa<span class=\"_ _4\"></span>les of \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s that r<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uire d<span class=\"_ _4\"></span>elive<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y of a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s wi<span class=\"_ _4\"></span>thi<span class=\"_ _4\"></span>n the t<span class=\"_ _4\"></span>ime</div>\n<div class=\"t m8 x1 hb y1cb ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">fr<span class=\"_ _4\"></span>am<span class=\"_ _4\"></span>e es<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>bli<span class=\"_ _4\"></span>she<span class=\"_ _4\"></span>d by re<span class=\"_ _4\"></span>gulat<span class=\"_ _4\"></span>ion o<span class=\"_ _4\"></span>r conve<span class=\"_ _4\"></span>ntio<span class=\"_ _4\"></span>n in t<span class=\"_ _4\"></span>he mar<span class=\"_ _4\"></span>ket<span class=\"_ _4\"></span>plac<span class=\"_ _4\"></span>e.</div>\n<div class=\"t m8 x1 hb y1cc ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">De<span class=\"_ _4\"></span>bt ins<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts t<span class=\"_ _4\"></span>hat m<span class=\"_ _4\"></span>eet t<span class=\"_ _4\"></span>he fol<span class=\"_ _4\"></span>lowi<span class=\"_ _4\"></span>ng co<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>tion<span class=\"_ _4\"></span>s are me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>red s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>ntly a<span class=\"_ _4\"></span>t amo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d cos<span class=\"_ _4\"></span>t (se<span class=\"_ _4\"></span>e (i<span class=\"_ _4\"></span>) bel<span class=\"_ _4\"></span>ow):</div>\n<div class=\"t m8 x1 hb y1cd ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span><span class=\"ws2d\">Th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et is he<span class=\"_ _4\"></span>ld wi<span class=\"_ _4\"></span>thi<span class=\"_ _4\"></span>n a bus<span class=\"_ _4\"></span>ine<span class=\"_ _4\"></span>ss m<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>el wh<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>e obje<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve is to ho<span class=\"_ _4\"></span>ld \ufb01na<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>n ord<span class=\"_ _4\"></span>er to co<span class=\"_ _4\"></span>llec<span class=\"_ _7\"></span>t </span></div>\n<div class=\"t m8 x3b hb y1ce ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ual c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ows; a<span class=\"_ _4\"></span>nd</div>\n<div class=\"t m8 x1 hb y1cf ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m187 x3b hb y4a ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">The c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tua<span class=\"_ _4\"></span>l ter<span class=\"_ _4\"></span>ms of t<span class=\"_ _4\"></span>he \ufb01na<span class=\"_ _4\"></span>ncial a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et gi<span class=\"_ _4\"></span>ve ris<span class=\"_ _4\"></span>e on s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ci\ufb01e<span class=\"_ _4\"></span>d dat<span class=\"_ _4\"></span>es to c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ows t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e sol<span class=\"_ _4\"></span>ely p<span class=\"_ _4\"></span>ayme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x3b hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of pr<span class=\"_ _4\"></span>inc<span class=\"_ _4\"></span>ipa<span class=\"_ _4\"></span>l and i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t on th<span class=\"_ _4\"></span>e pr<span class=\"_ _4\"></span>inc<span class=\"_ _4\"></span>ipal a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g.</div>\n<div class=\"t m188 x1 hb y4c ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">De<span class=\"_ _4\"></span>bt ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>hat me<span class=\"_ _4\"></span>et th<span class=\"_ _4\"></span>e follo<span class=\"_ _4\"></span>wing c<span class=\"_ _4\"></span>ond<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>ons ar<span class=\"_ _4\"></span>e meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d su<span class=\"_ _4\"></span>bse<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>entl<span class=\"_ _4\"></span>y at fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>e thr<span class=\"_ _4\"></span>oug<span class=\"_ _4\"></span>h othe<span class=\"_ _4\"></span>r com<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y4d ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">prehensive income (F<span class=\"_ _4\"></span>V<span class=\"_ _4\"></span>TOC<span class=\"_ _3\"></span>I) (see (ii) below)<span class=\"_ _1\"></span>:</div>\n<div class=\"t m8 x1 hb y1a5 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m189 x3b hb y4e ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">The \ufb01<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et is he<span class=\"_ _4\"></span>ld wi<span class=\"_ _4\"></span>thin a b<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>ines<span class=\"_ _4\"></span>s mo<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>l who<span class=\"_ _4\"></span>se o<span class=\"_ _4\"></span>bjec<span class=\"_ _7\"></span>tive i<span class=\"_ _4\"></span>s achi<span class=\"_ _4\"></span>eved by b<span class=\"_ _4\"></span>oth c<span class=\"_ _4\"></span>olle<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ting c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tua<span class=\"_ _4\"></span>l</div>\n<div class=\"t m8 x3b hb y72 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ca<span class=\"_ _4\"></span>sh \ufb02<span class=\"_ _4\"></span>ows a<span class=\"_ _4\"></span>nd se<span class=\"_ _4\"></span>lling t<span class=\"_ _4\"></span>he \ufb01n<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts; a<span class=\"_ _4\"></span>nd</div>\n<div class=\"t m8 x1 hb y1d0 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m187 x3b hb y4f ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">The c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tua<span class=\"_ _4\"></span>l ter<span class=\"_ _4\"></span>ms of t<span class=\"_ _4\"></span>he \ufb01na<span class=\"_ _4\"></span>ncial a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et gi<span class=\"_ _4\"></span>ve ris<span class=\"_ _4\"></span>e on s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ci\ufb01e<span class=\"_ _4\"></span>d dat<span class=\"_ _4\"></span>es to c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ows t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e sol<span class=\"_ _4\"></span>ely p<span class=\"_ _4\"></span>ayme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x3b hb y50 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of pr<span class=\"_ _4\"></span>inc<span class=\"_ _4\"></span>ipa<span class=\"_ _4\"></span>l and i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t on th<span class=\"_ _4\"></span>e pr<span class=\"_ _4\"></span>inc<span class=\"_ _4\"></span>ipal a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g.</div>\n<div class=\"t m8 x1 hb y1d1 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">By de<span class=\"_ _4\"></span>fau<span class=\"_ _4\"></span>lt, all ot<span class=\"_ _4\"></span>her \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s are m<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>red s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>ntl<span class=\"_ _4\"></span>y at fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e thr<span class=\"_ _4\"></span>oug<span class=\"_ _4\"></span>h pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss (<span class=\"_ _4\"></span>F<span class=\"_ _4\"></span>V<span class=\"_ _4\"></span>TPL<span class=\"_ _4\"></span>).</div>\n<div class=\"t m18a x1 hb y52 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">Des<span class=\"_ _4\"></span>pi<span class=\"_ _4\"></span>te th<span class=\"_ _4\"></span>e fore<span class=\"_ _4\"></span>goin<span class=\"_ _4\"></span>g, the G<span class=\"_ _4\"></span>roup m<span class=\"_ _4\"></span>ay make th<span class=\"_ _4\"></span>e follo<span class=\"_ _4\"></span>wing i<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>evoc<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e ele<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n/desig<span class=\"_ _4\"></span>nati<span class=\"_ _4\"></span>on at ini<span class=\"_ _4\"></span>tial r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnit<span class=\"_ _4\"></span>ion of</div>\n<div class=\"t m8 x1 hb y53 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">a \ufb01nanci<span class=\"_ _3\"></span>al asset:</div>\n<div class=\"t m8 x1 hb y1d2 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m18b x3b hb y54 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p may ir<span class=\"_ _4\"></span>revo<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>bly e<span class=\"_ _4\"></span>lec<span class=\"_ _7\"></span>t to pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nt su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uent c<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>s in fa<span class=\"_ _4\"></span>ir val<span class=\"_ _4\"></span>ue of an e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt in ot<span class=\"_ _4\"></span>her</div>\n<div class=\"t m8 x3b hb y73 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>nsive i<span class=\"_ _4\"></span>nco<span class=\"_ _4\"></span>me if c<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain c<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>iter<span class=\"_ _4\"></span>ia ar<span class=\"_ _4\"></span>e met (se<span class=\"_ _4\"></span>e (iii<span class=\"_ _4\"></span>) be<span class=\"_ _4\"></span>low); and</div>\n<div class=\"t m8 x1 hb y1d3 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m18c x3b hb y55 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">The G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p may ir<span class=\"_ _4\"></span>revoc<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>ly de<span class=\"_ _4\"></span>sig<span class=\"_ _4\"></span>nate a d<span class=\"_ _4\"></span>ebt i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tme<span class=\"_ _4\"></span>nt th<span class=\"_ _4\"></span>at mee<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s the a<span class=\"_ _4\"></span>mor<span class=\"_ _7\"></span>tis<span class=\"_ _4\"></span>ed c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t or F<span class=\"_ _4\"></span>V<span class=\"_ _4\"></span>TOCI c<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>ia as</div>\n<div class=\"t m8 x3b hb y56 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">mea<span class=\"_ _4\"></span>sure<span class=\"_ _4\"></span>d at F<span class=\"_ _4\"></span>V<span class=\"_ _7\"></span>TPL if d<span class=\"_ _4\"></span>oing s<span class=\"_ _4\"></span>o elim<span class=\"_ _4\"></span>inate<span class=\"_ _4\"></span>s or si<span class=\"_ _4\"></span>gni\ufb01<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>ntly r<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>uces a<span class=\"_ _4\"></span>n acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ing mi<span class=\"_ _4\"></span>sma<span class=\"_ _4\"></span>tch (s<span class=\"_ _4\"></span>ee (i<span class=\"_ _4\"></span>v) be<span class=\"_ _4\"></span>low).</div>\n<div class=\"t m18d x1 hb y57 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">All r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s are me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>red s<span class=\"_ _4\"></span>ubs<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>ue<span class=\"_ _4\"></span>ntly i<span class=\"_ _4\"></span>n the<span class=\"_ _4\"></span>ir ent<span class=\"_ _4\"></span>iret<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>t eit<span class=\"_ _4\"></span>her am<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tis<span class=\"_ _4\"></span>ed co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t or f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue,</div>\n<div class=\"t m8 x1 hb y58 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">de<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ndin<span class=\"_ _4\"></span>g on t<span class=\"_ _4\"></span>he cla<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>i\ufb01c<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on of t<span class=\"_ _4\"></span>he \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s:</div>\n<div class=\"t m8 x1 hb y1aa ff1 fs9 fc2 sc0 ls18 wsd\" style=\"z-index: 15;\">(I).<span class=\"_ _3\"></span> </div>\n<div class=\"t m120 x3c hb y59 ff2 fs9 fc2 sc0 ls35 ws17\" style=\"z-index: 15;\">Financial assets at amortised cost<span class=\"_ _4\"></span>s:<span class=\"ff1 ls2 wsd\"> Thes<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>re su<span class=\"_ _4\"></span>bse<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>ly mea<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>ed at a<span class=\"_ _4\"></span>mor<span class=\"_ _7\"></span>tis<span class=\"_ _4\"></span>ed c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s usi<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e </span></div>\n<div class=\"t m8 x3c hb y5a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ef<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>d. Th<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d cos<span class=\"_ _4\"></span>t is r<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>uce<span class=\"_ _4\"></span>d by imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es. I<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t inco<span class=\"_ _4\"></span>me, fore<span class=\"_ _4\"></span>ign ex-</div>\n<div class=\"t m18e x3c hb y5b ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">cha<span class=\"_ _4\"></span>nge g<span class=\"_ _4\"></span>ains a<span class=\"_ _4\"></span>nd los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s. A<span class=\"_ _4\"></span>ny gain o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s on d<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on</div>\n<div class=\"t m8 x3c hb y5c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m8 x1 hb y1d4 ff1 fs9 fc2 sc0 ls18 wsd\" style=\"z-index: 15;\">(II)<span class=\"_ _3\"></span>. <span class=\"_ _c8\"> </span><span class=\"ff2 ls2\">De<span class=\"_ _4\"></span>bt in<span class=\"_ _4\"></span>ves<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s at F<span class=\"_ _4\"></span>V<span class=\"_ _4\"></span>TO<span class=\"_ _4\"></span>CI:<span class=\"ff1\"> T<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s are su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uent<span class=\"_ _4\"></span>ly me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>red at f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue. In<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t inco<span class=\"_ _4\"></span>me is c<span class=\"_ _4\"></span>al</span></span></div>\n<div class=\"t m8 x14 hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m18f x3c hb y5e ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">cul<span class=\"_ _4\"></span>ated u<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>g the e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>tive i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t met<span class=\"_ _4\"></span>hod, fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n exch<span class=\"_ _4\"></span>ange g<span class=\"_ _4\"></span>ains a<span class=\"_ _4\"></span>nd lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es a<span class=\"_ _4\"></span>nd im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>g<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m190 x3c hb y5f ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">nis<span class=\"_ _4\"></span>ed in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s. O<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>her ne<span class=\"_ _4\"></span>t gain<span class=\"_ _4\"></span>s and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d in O<span class=\"_ _4\"></span>CI. On d<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on, gain<span class=\"_ _4\"></span>s and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x3c hb y60 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">acc<span class=\"_ _4\"></span>umu<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d in OCI a<span class=\"_ _4\"></span>re rec<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed to p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>t or los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t m8 x1 hb y74 ff1 fs9 fc2 sc0 ls15 ws12\" style=\"z-index: 15;\">(III).</div>\n<div class=\"t m191 x3c hb y75 ff2 fs9 fc2 sc0 ls2f wsc\" style=\"z-index: 15;\">Equity inv<span class=\"_ _3\"></span>estments at FV<span class=\"_ _4\"></span>TOCI<span class=\"_ _3\"></span>:<span class=\"ff1 ls16 wsb\"> Thes<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e sub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>ntl<span class=\"_ _4\"></span>y meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>e. Divi<span class=\"_ _4\"></span>den<span class=\"_ _4\"></span>ds ar<span class=\"_ _4\"></span>e rec<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></span></div>\n<div class=\"t m192 x3c hb y76 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">og<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d as in<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e in pr<span class=\"_ _4\"></span>o\ufb01t or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s unle<span class=\"_ _4\"></span>ss t<span class=\"_ _4\"></span>he di<span class=\"_ _4\"></span>vid<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>d clea<span class=\"_ _4\"></span>rly r<span class=\"_ _4\"></span>epr<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s a re<span class=\"_ _4\"></span>cover<span class=\"_ _7\"></span>y of pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>he cos<span class=\"_ _4\"></span>t of</div>\n<div class=\"t m8 x3c hb y61 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e inves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>. Ot<span class=\"_ _4\"></span>her n<span class=\"_ _4\"></span>et gai<span class=\"_ _4\"></span>ns an<span class=\"_ _4\"></span>d los<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n OCI an<span class=\"_ _4\"></span>d are n<span class=\"_ _4\"></span>ever re<span class=\"_ _4\"></span>clas<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed t<span class=\"_ _4\"></span>o pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>.</div>\n<div class=\"t m8 x1 hb y1d5 ff1 fs9 fc2 sc0 ls49 ws4d\" style=\"z-index: 15;\">(I<span class=\"_ _4\"></span>V<span class=\"_ _7\"></span>).<span class=\"_ _4\"></span> </div>\n\n<div class=\"t m193 x3c hb y77 ff2 fs9 fc2 sc0 ls11 wsc\" style=\"z-index: 15;\">Fin<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ci<span class=\"_ _4\"></span>al a<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>t F<span class=\"_ _4\"></span>V<span class=\"_ _4\"></span>TPL<span class=\"_ _4\"></span>:<span class=\"ff1 wsd\"> The<span class=\"_ _4\"></span>se a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s are s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>ntl<span class=\"_ _4\"></span>y meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue. Net g<span class=\"_ _4\"></span>ains a<span class=\"_ _4\"></span>nd lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es, i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>d<span class=\"ls2 ws2\">-</span></span></div>\n<div class=\"t m194 x3c hb y63 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">ing a<span class=\"_ _4\"></span>ny inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t or d<span class=\"_ _4\"></span>ivid<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>d inc<span class=\"_ _4\"></span>ome, are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n pro<span class=\"_ _4\"></span>\ufb01t or lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s. How<span class=\"_ _4\"></span>ever<span class=\"_ _1\"></span>, s<span class=\"_ _4\"></span>ee s<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>tive \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial</div>\n<div class=\"t m8 x3c hb y64 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ins<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>nd he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ing fo<span class=\"_ _4\"></span>r der<span class=\"_ _4\"></span>iv<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ves de<span class=\"_ _4\"></span>sig<span class=\"_ _4\"></span>nate<span class=\"_ _4\"></span>d as he<span class=\"_ _4\"></span>dgi<span class=\"_ _4\"></span>ng ins<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 327px; height: 53px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 327px; height: 639px; width: 90%; z-index: 4;\"><br/></div>\n\n\n<div class=\"t m0 x1 h6 y1b3 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Derecognition of \ufb01nancial as<span class=\"_ _4\"></span>sets</div>\n<div class=\"t m195 x1 hb y67 ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p der<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>es a \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al ri<span class=\"_ _4\"></span>ght<span class=\"_ _4\"></span>s to t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ash \ufb02<span class=\"_ _4\"></span>ows f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m the \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t</div>\n<div class=\"t m8 x1 hb y68 ff1 fs9 fc2 sc0 ls2 ws4e\" style=\"z-index: 15;\">ex<span class=\"_ _4\"></span>pire, or it t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>rs t<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>ight<span class=\"_ _4\"></span>s to r<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>ive th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al c<span class=\"_ _4\"></span>ash \ufb02<span class=\"_ _4\"></span>ows i<span class=\"_ _4\"></span>n a tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion i<span class=\"_ _4\"></span>n whic<span class=\"_ _4\"></span>h su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>antia<span class=\"_ _4\"></span>lly all r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks</div>\n<div class=\"t m196 x1 hb y69 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">and r<span class=\"_ _4\"></span>ewa<span class=\"_ _4\"></span>rds of o<span class=\"_ _4\"></span>wne<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ship o<span class=\"_ _4\"></span>f the \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t are t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d or in w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h the G<span class=\"_ _4\"></span>roup n<span class=\"_ _4\"></span>eit<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>s no<span class=\"_ _4\"></span>r ret<span class=\"_ _4\"></span>ains</div>\n<div class=\"t m8 x1 hb y6a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ntial<span class=\"_ _4\"></span>ly all of t<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>isk<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d rewa<span class=\"_ _4\"></span>rd<span class=\"_ _4\"></span>s of own<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>shi<span class=\"_ _4\"></span>p and i<span class=\"_ _4\"></span>t doe<span class=\"_ _4\"></span>s not re<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>in con<span class=\"_ _4\"></span>tro<span class=\"_ _4\"></span>l over th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cial a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 212px; height: 94px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 212px; height: 927px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 212px; height: 927px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 212px; 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<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 xe h6 y1d6 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Financial liabilities</div>\n<div class=\"t m8 xe hb y7f ff1 fs9 fc2 sc0 ls2 ws4e\" style=\"z-index: 15;\">Fina<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es are c<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed a<span class=\"_ _4\"></span>s meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at am<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d co<span class=\"_ _4\"></span>st o<span class=\"_ _4\"></span>r F<span class=\"_ _4\"></span>V<span class=\"_ _4\"></span>TPL<span class=\"_ _4\"></span>. A \ufb01na<span class=\"_ _4\"></span>ncial li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y is cl<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>si\ufb01<span class=\"_ _4\"></span>ed at F<span class=\"_ _4\"></span>V<span class=\"_ _7\"></span>TPL</div>\n<div class=\"t m197 xe hb y43 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">if it i<span class=\"_ _4\"></span>s clas<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed a<span class=\"_ _4\"></span>s hel<span class=\"_ _4\"></span>d-<span class=\"_ _4\"></span>for-tr<span class=\"_ _4\"></span>adi<span class=\"_ _4\"></span>ng, it is a d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ivat<span class=\"_ _4\"></span>ive or i<span class=\"_ _4\"></span>t is de<span class=\"_ _4\"></span>sig<span class=\"_ _4\"></span>nate<span class=\"_ _4\"></span>d as su<span class=\"_ _4\"></span>ch on i<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>al rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n. Fina<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l liabi<span class=\"_ _4\"></span>l<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m155 xe hb y80 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">iti<span class=\"_ _4\"></span>es at F<span class=\"_ _4\"></span>V<span class=\"_ _7\"></span>TPL are m<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at fa<span class=\"_ _4\"></span>ir val<span class=\"_ _4\"></span>ue an<span class=\"_ _4\"></span>d net ga<span class=\"_ _4\"></span>ins an<span class=\"_ _4\"></span>d los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es, in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g any inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>e, are rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 xe hb y81 ff1 fs9 fc2 sc0 ls22 ws4f\" style=\"z-index: 15;\">in pro\ufb01t<span class=\"_ _3\"></span> or loss. Other \ufb01nancia<span class=\"_ _3\"></span>l li<span class=\"_ _3\"></span>abiliti<span class=\"_ _3\"></span>es are<span class=\"_ _3\"></span> subsequently measured at<span class=\"_ _3\"></span> amor<span class=\"_ _4\"></span>tised cost using the e<span class=\"_ _3\"></span>f<span class=\"_ _4\"></span>fective interest</div>\n<div class=\"t m8 xe hb y1c9 ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">met<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>d. Inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse a<span class=\"_ _4\"></span>nd fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n exch<span class=\"_ _4\"></span>ange g<span class=\"_ _4\"></span>ains a<span class=\"_ _4\"></span>nd lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es a<span class=\"_ _4\"></span>re rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d in pr<span class=\"_ _4\"></span>o\ufb01t or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s. A<span class=\"_ _4\"></span>ny gain o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb y1d7 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">on d<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on is al<span class=\"_ _4\"></span>so re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>t or los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t m198 xe hb y84 ff1 fs9 fc2 sc0 ls14 ws2e\" style=\"z-index: 15;\">See sec<span class=\"_ _4\"></span>tion \u201c<span class=\"_ _3\"></span>Derivative \ufb01n<span class=\"_ _3\"></span>ancial<span class=\"_ _3\"></span> instr<span class=\"_ _4\"></span>uments and hedge accounting<span class=\"_ _1\"></span>\u201d for derivatives<span class=\"_ _3\"></span> designated as<span class=\"_ _3\"></span> hedging instru<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y85 ff1 fs9 fc2 sc0 ls17 ws2c\" style=\"z-index: 15;\">ment<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 971px; height: 160px; width: 90%; z-index: 4;\"><br/></div>\n\n\n<div class=\"t m0 xe h6 y1af ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Derecognition of \ufb01nancial liabilities</div>\n<div class=\"t m199 xe hb y88 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">The G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p der<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>es a \ufb01n<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>ial liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y w<span class=\"_ _4\"></span>hen i<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s cont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al ob<span class=\"_ _4\"></span>ligati<span class=\"_ _4\"></span>ons a<span class=\"_ _4\"></span>re dis<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>rge<span class=\"_ _4\"></span>d or c<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>elle<span class=\"_ _4\"></span>d, or ex<span class=\"_ _4\"></span>pire.</div>\n<div class=\"t m19a xe hb y89 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en an e<span class=\"_ _4\"></span>xis<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng loa<span class=\"_ _4\"></span>n is re<span class=\"_ _4\"></span>plac<span class=\"_ _4\"></span>ed by an<span class=\"_ _4\"></span>oth<span class=\"_ _4\"></span>er fr<span class=\"_ _4\"></span>om t<span class=\"_ _4\"></span>he sa<span class=\"_ _4\"></span>me le<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r on su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>anti<span class=\"_ _4\"></span>ally di<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>ent te<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>s, or th<span class=\"_ _4\"></span>e ter<span class=\"_ _4\"></span>ms</div>\n<div class=\"t m64 xe hb y8a ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e exi<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ing lo<span class=\"_ _4\"></span>ans a<span class=\"_ _4\"></span>re su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>antia<span class=\"_ _4\"></span>lly mo<span class=\"_ _4\"></span>di\ufb01<span class=\"_ _4\"></span>ed, su<span class=\"_ _4\"></span>ch a<span class=\"_ _4\"></span>n excha<span class=\"_ _4\"></span>nge o<span class=\"_ _4\"></span>r mod<span class=\"_ _4\"></span>i\ufb01c<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion is t<span class=\"_ _4\"></span>reat<span class=\"_ _4\"></span>ed as a d<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nit<span class=\"_ _4\"></span>ion of</div>\n<div class=\"t m8 xe hb yd8 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e ori<span class=\"_ _4\"></span>ginal l<span class=\"_ _4\"></span>oan a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>he rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n of a new l<span class=\"_ _4\"></span>oan (at f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue). The di<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>renc<span class=\"_ _4\"></span>e in t<span class=\"_ _4\"></span>he res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _4\"></span>ng val<span class=\"_ _4\"></span>ue is</div>\n<div class=\"t m8 xe hb y1d8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ized i<span class=\"_ _4\"></span>n the s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment o<span class=\"_ _4\"></span>f pro\ufb01<span class=\"_ _4\"></span>t and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m19b xe hb y4a ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">On d<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on of a \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>, the d<span class=\"_ _4\"></span>if<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>ce be<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>wee<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt ex<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ingu<span class=\"_ _4\"></span>ish<span class=\"_ _4\"></span>ed an<span class=\"_ _4\"></span>d th<span class=\"_ _4\"></span>e cons<span class=\"_ _4\"></span>id<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 xe hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n pai<span class=\"_ _4\"></span>d (in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>ding a<span class=\"_ _4\"></span>ny non<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ash a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d or liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>ies as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>d) is r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d in pro<span class=\"_ _4\"></span>\ufb01t or lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 806px; height: 144px; width: 90%; z-index: 4;\"><br/></div>\n\n\n<div class=\"t m0 xe h6 y1d9 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Of<span class=\"_ _4\"></span>fset<span class=\"_ _4\"></span>ting</div>\n<div class=\"t m8 xe hb y72 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">Fina<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es are o<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>set a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>he net a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of \ufb01na<span class=\"_ _4\"></span>ncial p<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>i<span class=\"ws2\">-</span></div>\n<div class=\"t m19c xe hb y4f ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">tio<span class=\"_ _4\"></span>n whe<span class=\"_ _4\"></span>n, and o<span class=\"_ _4\"></span>nly w<span class=\"_ _4\"></span>hen, th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>entl<span class=\"_ _4\"></span>y has a le<span class=\"_ _4\"></span>gall<span class=\"_ _4\"></span>y enfo<span class=\"_ _4\"></span>rcea<span class=\"_ _4\"></span>ble r<span class=\"_ _4\"></span>ight t<span class=\"_ _4\"></span>o set of<span class=\"_ _7\"></span>f th<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d it inte<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb y50 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">eit<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>o set<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>le th<span class=\"_ _4\"></span>em o<span class=\"_ _4\"></span>n a net ba<span class=\"_ _4\"></span>sis o<span class=\"_ _4\"></span>r to reali<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t and s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>le th<span class=\"_ _4\"></span>e liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y si<span class=\"_ _4\"></span>mul<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>neo<span class=\"_ _4\"></span>usl<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 707px; height: 78px; width: 90%; z-index: 4;\"><br/></div>\n\n\n<div class=\"t m0 xe h6 y1b6 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Share capit<span class=\"_ _4\"></span>al</div>\n<div class=\"t m8 xe hb y54 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">Or<span class=\"_ _4\"></span>dina<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s are cl<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>si\ufb01e<span class=\"_ _4\"></span>d as e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>. I<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>al cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s di<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ly at<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>but<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le to t<span class=\"_ _4\"></span>he is<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>e of ord<span class=\"_ _4\"></span>inar<span class=\"_ _7\"></span>y s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s and</div>\n<div class=\"t m8 xe hb y1da ff1 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">sha<span class=\"_ _4\"></span>re op<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns are re<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>s a de<span class=\"_ _4\"></span>duc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>, net of t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x ef<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s. W<span class=\"_ _4\"></span>hen s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>pit<span class=\"_ _4\"></span>al re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed as e<span class=\"_ _4\"></span>q</div>\n<div class=\"t m8 x3d hb y73 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m19d xe hb y55 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">uit<span class=\"_ _4\"></span>y i<span class=\"_ _4\"></span>s rep<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>ed, th<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt of t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>der<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on pa<span class=\"_ _4\"></span>id, inc<span class=\"_ _4\"></span>ludi<span class=\"_ _4\"></span>ng dir<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>tl<span class=\"_ _4\"></span>y at<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ib<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s net o<span class=\"_ _4\"></span>f ta<span class=\"_ _4\"></span>x, is r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>g<span class=\"ws2\">-</span></div>\n<div class=\"t m19e xe hb y56 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">nis<span class=\"_ _4\"></span>ed as a d<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on f<span class=\"_ _4\"></span>rom e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>. Whe<span class=\"_ _4\"></span>n tr<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s are s<span class=\"_ _4\"></span>old, t<span class=\"_ _4\"></span>he amo<span class=\"_ _4\"></span>unt r<span class=\"_ _4\"></span>ecei<span class=\"_ _4\"></span>ved is r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d as an in<span class=\"_ _4\"></span>crea<span class=\"_ _4\"></span>se</div>\n<div class=\"t m8 xe hb y57 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">in e<span class=\"_ _4\"></span>quit<span class=\"_ _7\"></span>y and t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>g sur<span class=\"_ _4\"></span>pl<span class=\"_ _4\"></span>us or d<span class=\"_ _4\"></span>e\ufb01ci<span class=\"_ _4\"></span>t on t<span class=\"_ _4\"></span>he tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>sac<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n is pr<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d in ret<span class=\"_ _4\"></span>ai<span class=\"_ _4\"></span>ned ea<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ning<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 575px; height: 111px; width: 90%; z-index: 4;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 xe h6 y1db ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Derivative \ufb01nancial ins<span class=\"_ _4\"></span>trument<span class=\"_ _4\"></span>s &amp; hedge accounting</div>\n<div class=\"t m19f xe hb y5b ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p hol<span class=\"_ _4\"></span>ds de<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>vat<span class=\"_ _4\"></span>ive \ufb01na<span class=\"_ _4\"></span>ncial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s to h<span class=\"_ _4\"></span>edg<span class=\"_ _4\"></span>e it<span class=\"_ _4\"></span>s fo<span class=\"_ _4\"></span>reign c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y an<span class=\"_ _4\"></span>d inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ra<span class=\"_ _4\"></span>te ri<span class=\"_ _4\"></span>sk ex<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>res. E<span class=\"_ _4\"></span>m<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1a0 xe hb y5c ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">be<span class=\"_ _4\"></span>dd<span class=\"_ _4\"></span>ed d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ivat<span class=\"_ _4\"></span>ives a<span class=\"_ _4\"></span>re se<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d fr<span class=\"_ _4\"></span>om t<span class=\"_ _4\"></span>he hos<span class=\"_ _4\"></span>t co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>t and a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d for s<span class=\"_ _4\"></span>epa<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tely i<span class=\"_ _4\"></span>f the h<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t cont<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t is n<span class=\"_ _4\"></span>ot a</div>\n<div class=\"t m8 xe hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\ufb01na<span class=\"_ _4\"></span>ncial a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et an<span class=\"_ _4\"></span>d cer<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>ain c<span class=\"_ _4\"></span>rit<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ia are me<span class=\"_ _4\"></span>t.</div>\n<div class=\"t m15b xe hb y5e ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Der<span class=\"_ _4\"></span>iv<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ves are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d init<span class=\"_ _4\"></span>ially a<span class=\"_ _4\"></span>t fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e at th<span class=\"_ _4\"></span>e date a d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>tive co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>t is en<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>d into. Su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uent t<span class=\"_ _4\"></span>o init<span class=\"_ _4\"></span>ial</div>\n<div class=\"t m1a1 xe hb y5f ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n, der<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>tive<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d at fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>e and c<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ges t<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>ein ar<span class=\"_ _4\"></span>e gen<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ally re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d in pr<span class=\"_ _4\"></span>o\ufb01t an<span class=\"_ _4\"></span>d los<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m8 xe hb y60 ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p de<span class=\"_ _4\"></span>sign<span class=\"_ _4\"></span>ates c<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>tive<span class=\"_ _4\"></span>s as he<span class=\"_ _4\"></span>dgi<span class=\"_ _4\"></span>ng ins<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s to hed<span class=\"_ _4\"></span>ge t<span class=\"_ _4\"></span>he va<span class=\"_ _4\"></span>ria<span class=\"_ _4\"></span>bilit<span class=\"_ _7\"></span>y in c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ows a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>d</div>\n<div class=\"t m1a2 xe hb y75 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">wit<span class=\"_ _4\"></span>h hig<span class=\"_ _4\"></span>hly pr<span class=\"_ _4\"></span>ob<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e fore<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s ari<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>g fro<span class=\"_ _4\"></span>m ch<span class=\"_ _4\"></span>ange<span class=\"_ _4\"></span>s in fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n exch<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>e ra<span class=\"_ _4\"></span>tes an<span class=\"_ _4\"></span>d inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s and</div>\n<div class=\"t m8 xe hb y76 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">cer<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>ain de<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>vat<span class=\"_ _4\"></span>ives a<span class=\"_ _4\"></span>nd no<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ivat<span class=\"_ _4\"></span>ive \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es as h<span class=\"_ _4\"></span>edg<span class=\"_ _4\"></span>es of fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n exc<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>e ri<span class=\"_ _4\"></span>sk of a ne<span class=\"_ _4\"></span>t inves<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ment i<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 xe hb y1dc ff1 fs9 fc2 sc0 ls18 wsd\" style=\"z-index: 15;\">a foreign oper<span class=\"_ _4\"></span>ation.</div>\n<div class=\"t m1a3 xe hb y77 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">At inc<span class=\"_ _4\"></span>ept<span class=\"_ _4\"></span>ion of d<span class=\"_ _4\"></span>esi<span class=\"_ _4\"></span>gnate<span class=\"_ _4\"></span>d he<span class=\"_ _4\"></span>dge r<span class=\"_ _4\"></span>elat<span class=\"_ _4\"></span>ions<span class=\"_ _4\"></span>hip<span class=\"_ _4\"></span>s, th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p do<span class=\"_ _4\"></span>cum<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>isk m<span class=\"_ _4\"></span>anag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt ob<span class=\"_ _4\"></span>jec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ive an<span class=\"_ _4\"></span>d st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ateg<span class=\"_ _4\"></span>y</div>\n<div class=\"t m71 xe hb y63 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">for u<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ak<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he he<span class=\"_ _4\"></span>dge. T<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up al<span class=\"_ _4\"></span>so do<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts t<span class=\"_ _4\"></span>he e<span class=\"_ _4\"></span>con<span class=\"_ _4\"></span>omic re<span class=\"_ _4\"></span>lati<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>hip b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>we<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he he<span class=\"_ _4\"></span>dge<span class=\"_ _4\"></span>d ite<span class=\"_ _4\"></span>m and</div>\n<div class=\"t m1a4 xe hb y64 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e hed<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>d ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent, i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g whe<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r the c<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ges i<span class=\"_ _4\"></span>n ca<span class=\"_ _4\"></span>sh \ufb02<span class=\"_ _4\"></span>ow of th<span class=\"_ _4\"></span>e hed<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>d item a<span class=\"_ _4\"></span>nd he<span class=\"_ _4\"></span>dgi<span class=\"_ _4\"></span>ng in<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>nt</div>\n<div class=\"t m8 xe hb y65 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">are ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to of<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et eac<span class=\"_ _4\"></span>h oth<span class=\"_ _4\"></span>er<span class=\"_ _1\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 311px; height: 243px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 311px; height: 243px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 311px; height: 820px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 311px; height: 820px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 311px; height: 820px; 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 x1 h6 y1d6 ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Cas<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _1\"></span> hedges</div>\n<div class=\"t m1a5 x1 hb y7f ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en a d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ivat<span class=\"_ _4\"></span>ive is d<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>ignat<span class=\"_ _4\"></span>ed as a c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow h<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ging i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent, t<span class=\"_ _4\"></span>he ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive p<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of ch<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>es in t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>l<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1a6 x1 hb y43 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">ue of t<span class=\"_ _4\"></span>he de<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>vati<span class=\"_ _4\"></span>ve is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d in OCI a<span class=\"_ _4\"></span>nd ac<span class=\"_ _4\"></span>cum<span class=\"_ _4\"></span>ulate<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he he<span class=\"_ _4\"></span>dgi<span class=\"_ _4\"></span>ng re<span class=\"_ _4\"></span>ser<span class=\"_ _7\"></span>ve. The e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tive p<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of ch<span class=\"_ _4\"></span>ange<span class=\"_ _4\"></span>s</div>\n<div class=\"t m1a7 x1 hb y80 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">in th<span class=\"_ _4\"></span>e fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e of the d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>tive t<span class=\"_ _4\"></span>hat is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d in OCI i<span class=\"_ _4\"></span>s limite<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e cu<span class=\"_ _4\"></span>mulat<span class=\"_ _4\"></span>ive ch<span class=\"_ _4\"></span>ange i<span class=\"_ _4\"></span>n fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e of the</div>\n<div class=\"t m1a8 x1 hb y81 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">he<span class=\"_ _4\"></span>dge<span class=\"_ _4\"></span>d ite<span class=\"_ _4\"></span>m, deter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>ned o<span class=\"_ _4\"></span>n a pr<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>nt val<span class=\"_ _4\"></span>ue ba<span class=\"_ _4\"></span>sis<span class=\"_ _4\"></span>. Any in<span class=\"_ _4\"></span>ef<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve por<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of ch<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>es in t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue of t<span class=\"_ _4\"></span>he de<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1a9 x1 hb y82 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">ri<span class=\"_ _4\"></span>vat<span class=\"_ _4\"></span>ive is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d imm<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>iatel<span class=\"_ _4\"></span>y in pr<span class=\"_ _4\"></span>o\ufb01t or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s. T<span class=\"_ _4\"></span>he amo<span class=\"_ _4\"></span>unt a<span class=\"_ _4\"></span>ccu<span class=\"_ _4\"></span>mula<span class=\"_ _4\"></span>ted i<span class=\"_ _4\"></span>n the h<span class=\"_ _4\"></span>edg<span class=\"_ _4\"></span>ing re<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ve a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t of</div>\n<div class=\"t m1aa x1 hb y83 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">the h<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ging r<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ve is r<span class=\"_ _4\"></span>ecla<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>i\ufb01e<span class=\"_ _4\"></span>d to pro<span class=\"_ _4\"></span>\ufb01t or lo<span class=\"_ _4\"></span>ss i<span class=\"_ _4\"></span>n the s<span class=\"_ _4\"></span>am<span class=\"_ _4\"></span>e per<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>d or pe<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ods d<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing w<span class=\"_ _4\"></span>hich t<span class=\"_ _4\"></span>he he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e exp<span class=\"_ _4\"></span>ec<span class=\"_ _7\"></span>ted</div>\n<div class=\"t m8 x1 hb y84 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">fu<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>sh \ufb02o<span class=\"_ _4\"></span>ws af<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>t pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>.</div>\n<div class=\"t m1ab x1 hb y85 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">If th<span class=\"_ _4\"></span>e he<span class=\"_ _4\"></span>dge n<span class=\"_ _4\"></span>o lon<span class=\"_ _4\"></span>ger m<span class=\"_ _4\"></span>eet<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>he cr<span class=\"_ _4\"></span>ite<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>a for he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ing o<span class=\"_ _4\"></span>r the h<span class=\"_ _4\"></span>edg<span class=\"_ _4\"></span>ing i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent is s<span class=\"_ _4\"></span>ol<span class=\"_ _4\"></span>d, exp<span class=\"_ _4\"></span>ires, i<span class=\"_ _4\"></span>s ter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1ac x1 hb y86 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">nate<span class=\"_ _4\"></span>d or is exe<span class=\"_ _4\"></span>rci<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d, the<span class=\"_ _4\"></span>n hed<span class=\"_ _4\"></span>ge ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nting i<span class=\"_ _4\"></span>s dis<span class=\"_ _4\"></span>con<span class=\"_ _4\"></span>tinu<span class=\"_ _4\"></span>ed p<span class=\"_ _4\"></span>ros<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tive<span class=\"_ _4\"></span>ly<span class=\"_ _3\"></span>. Wh<span class=\"_ _4\"></span>en he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng for c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow</div>\n<div class=\"t m1ad x1 hb y87 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">he<span class=\"_ _4\"></span>dge<span class=\"_ _4\"></span>s is di<span class=\"_ _4\"></span>sco<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>nue<span class=\"_ _4\"></span>d, any gain o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n othe<span class=\"_ _4\"></span>r com<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>ve inco<span class=\"_ _4\"></span>me a<span class=\"_ _4\"></span>nd acc<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ulate<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ash</div>\n<div class=\"t m1ae x1 hb y8c ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">\ufb02ow he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e res<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>ve at tha<span class=\"_ _4\"></span>t tim<span class=\"_ _4\"></span>e rema<span class=\"_ _4\"></span>ins in e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y an<span class=\"_ _4\"></span>d is rec<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed to p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s w<span class=\"_ _4\"></span>hen t<span class=\"_ _4\"></span>he for<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>ted t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1af x1 hb y88 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">tio<span class=\"_ _4\"></span>n occ<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>s. W<span class=\"_ _4\"></span>hen a f<span class=\"_ _4\"></span>ore<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ed tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>sa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n is no lo<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>r ex<span class=\"_ _4\"></span>pec<span class=\"_ _7\"></span>ted to o<span class=\"_ _4\"></span>cc<span class=\"_ _4\"></span>ur<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he gai<span class=\"_ _4\"></span>n or los<span class=\"_ _4\"></span>s ac<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>mulat<span class=\"_ _4\"></span>ed in t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h</div>\n<div class=\"t m8 x1 hb y89 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\ufb02ow he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e res<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>ve is im<span class=\"_ _4\"></span>med<span class=\"_ _4\"></span>iatel<span class=\"_ _4\"></span>y rec<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed to p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 888px; height: 243px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 888px; height: 243px; width: 92%; z-index: 3;\"><br/></div>\n\n\n<div><br/></div>\n\n<div></div>\n<div class=\"t m0 x1 h13 y8b ff3 fs4 fc0 sc0 ls4a ws50\" style=\"z-index: 15;\">D.<span class=\"_ _4\"></span> <span class=\"_ _11\"> </span><span class=\"ls4b ws51\">G<span class=\"_ _4\"></span>OO<span class=\"_ _4\"></span>DWI<span class=\"_ _4\"></span>LL</span></div>\n<div class=\"t m8 x1 hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Goo<span class=\"_ _4\"></span>dw<span class=\"_ _4\"></span>ill ar<span class=\"_ _4\"></span>isi<span class=\"_ _4\"></span>ng up<span class=\"_ _4\"></span>on t<span class=\"_ _4\"></span>he ac<span class=\"_ _4\"></span>quis<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>on of s<span class=\"_ _4\"></span>ubs<span class=\"_ _4\"></span>idia<span class=\"_ _4\"></span>rie<span class=\"_ _4\"></span>s is in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>ded i<span class=\"_ _4\"></span>n int<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>ible a<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m1b0 x1 hb y4c ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">For t<span class=\"_ _4\"></span>he mea<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt of go<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>will a<span class=\"_ _4\"></span>t init<span class=\"_ _4\"></span>ial re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on, we ref<span class=\"_ _4\"></span>er to t<span class=\"_ _4\"></span>he acc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ting p<span class=\"_ _4\"></span>oli<span class=\"_ _4\"></span>cy \u201cB<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>mbi<span class=\"_ _4\"></span>natio<span class=\"_ _4\"></span>n\u201d</div>\n<div class=\"t m8 x1 hb y4d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">und<span class=\"_ _4\"></span>er A<span class=\"_ _4\"></span>. Ba<span class=\"_ _4\"></span>sis of c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>olid<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n.</div>\n<div class=\"t m8 x1 hb y1a5 ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">Sub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>entl<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>, go<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>will i<span class=\"_ _4\"></span>s meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at co<span class=\"_ _4\"></span>st l<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s acc<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ulate<span class=\"_ _4\"></span>d imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es (se<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ing p<span class=\"_ _4\"></span>olic<span class=\"_ _4\"></span>y G. I<span class=\"_ _4\"></span>mpai<span class=\"_ _4\"></span>r</div>\n<div class=\"t m8 x14 hb y4e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y72 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t of as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s).</div>\n<div class=\"t m1b1 x1 hb y4f ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">In re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t of e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s, th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt of g<span class=\"_ _4\"></span>oo<span class=\"_ _4\"></span>dwi<span class=\"_ _4\"></span>ll is inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n the c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt of</div>\n<div class=\"t m1b2 x1 hb y50 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent an<span class=\"_ _4\"></span>d an im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt lo<span class=\"_ _4\"></span>ss o<span class=\"_ _4\"></span>n suc<span class=\"_ _4\"></span>h an inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt is allo<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ated to t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>ing am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>t of the e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y51 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">cou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>tee a<span class=\"_ _4\"></span>s a wh<span class=\"_ _4\"></span>ole.</div>\n\n<div></div>\n<div class=\"t m0 x1 h13 y54 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">E. <span class=\"_ _b9\"> </span><span class=\"ls4c ws52\">INT<span class=\"_ _1\"></span>AN<span class=\"_ _4\"></span>GIBLE ASSETS</span></div>\n\n<div class=\"t m0 x1 h6 y1dd ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Research and<span class=\"_ _3\"></span> dev<span class=\"_ _1\"></span>elopment</div>\n<div class=\"t m8 x1 hb y57 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ure o<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>earc<span class=\"_ _4\"></span>h ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s, und<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>ta<span class=\"_ _4\"></span>ken wit<span class=\"_ _4\"></span>h th<span class=\"_ _4\"></span>e pro<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t of g<span class=\"_ _4\"></span>aini<span class=\"_ _4\"></span>ng new s<span class=\"_ _4\"></span>cie<span class=\"_ _4\"></span>nti\ufb01<span class=\"_ _4\"></span>c or te<span class=\"_ _4\"></span>chni<span class=\"_ _4\"></span>cal k<span class=\"_ _4\"></span>no<span class=\"_ _4\"></span>wle<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 x1 hb y1de ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">and u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g, is rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s as in<span class=\"_ _4\"></span>cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m1b3 x1 hb y59 ff1 fs9 fc2 sc0 ls23 wsf\" style=\"z-index: 15;\">Deve<span class=\"_ _4\"></span>lop<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>vit<span class=\"_ _4\"></span>ies i<span class=\"_ _4\"></span>nvolve a p<span class=\"_ _4\"></span>lan o<span class=\"_ _4\"></span>r des<span class=\"_ _4\"></span>ign fo<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e pro<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of new o<span class=\"_ _4\"></span>r sub<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ntial<span class=\"_ _4\"></span>ly new i<span class=\"_ _4\"></span>mpr<span class=\"_ _4\"></span>oved p<span class=\"_ _4\"></span>rod</div>\n<div class=\"t m1b4 x14 hb y59 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m1b5 x1 hb y5a ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd pr<span class=\"_ _4\"></span>oce<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>. Devel<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s are c<span class=\"_ _4\"></span>ap<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>alize<span class=\"_ _4\"></span>d onl<span class=\"_ _4\"></span>y if t<span class=\"_ _4\"></span>he deve<span class=\"_ _4\"></span>lop<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt cos<span class=\"_ _4\"></span>t c<span class=\"_ _4\"></span>an b<span class=\"_ _4\"></span>e mea<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>ed re<span class=\"_ _4\"></span>liab<span class=\"_ _4\"></span>ly<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m1b6 x1 hb y5b ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t or p<span class=\"_ _4\"></span>roce<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s is tec<span class=\"_ _4\"></span>hnic<span class=\"_ _4\"></span>all<span class=\"_ _4\"></span>y and c<span class=\"_ _4\"></span>omm<span class=\"_ _4\"></span>erci<span class=\"_ _4\"></span>ally fea<span class=\"_ _4\"></span>sib<span class=\"_ _4\"></span>le, fut<span class=\"_ _4\"></span>ure e<span class=\"_ _4\"></span>con<span class=\"_ _4\"></span>omic b<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>e\ufb01t<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e pro<span class=\"_ _4\"></span>bab<span class=\"_ _4\"></span>le an<span class=\"_ _4\"></span>d the G<span class=\"_ _4\"></span>roup</div>\n<div class=\"t m1b7 x1 hb y5c ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">inte<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>s to an<span class=\"_ _4\"></span>d has su<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>ient r<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>our<span class=\"_ _4\"></span>ces to c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>lete d<span class=\"_ _4\"></span>evel<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>ment a<span class=\"_ _4\"></span>nd to u<span class=\"_ _4\"></span>se or s<span class=\"_ _4\"></span>ell t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et. O<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>her<span class=\"_ _7\"></span>wis<span class=\"_ _4\"></span>e, it is re<span class=\"_ _4\"></span>c<span class=\"ws2\">-</span></div>\n<div class=\"t m1b8 x1 hb y5d ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">og<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d in p<span class=\"_ _4\"></span>ro\ufb01t or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s as in<span class=\"_ _4\"></span>cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d. C<span class=\"_ _4\"></span>apit<span class=\"_ _4\"></span>ali<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d devel<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>ment e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>itu<span class=\"_ _4\"></span>re is m<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>red a<span class=\"_ _4\"></span>t cos<span class=\"_ _4\"></span>t le<span class=\"_ _4\"></span>ss a<span class=\"_ _4\"></span>ccu<span class=\"_ _4\"></span>mulat<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m8 x1 hb y5e ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">amor<span class=\"_ _4\"></span>tisation and accumul<span class=\"_ _3\"></span>ated impa<span class=\"_ _3\"></span>irment losses.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 459px; height: 161px; width: 86%; z-index: 6;\"></div>\n\n<div class=\"t m0 x1 h6 y1df ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Other intangible asset<span class=\"_ _4\"></span>s</div>\n<div class=\"t m1b9 x1 hb y76 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">O<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r int<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>ible a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s (e.g. sof<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>are,<span class=\"_ _3\"></span>\u2026<span class=\"_ _3\"></span>) acq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d by th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up th<span class=\"_ _4\"></span>at have \ufb01ni<span class=\"_ _4\"></span>te us<span class=\"_ _4\"></span>efu<span class=\"_ _4\"></span>l lives a<span class=\"_ _4\"></span>re mea<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>ed at co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t</div>\n<div class=\"t m1ba x1 hb y61 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">les<span class=\"_ _4\"></span>s ac<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>mulat<span class=\"_ _4\"></span>ed am<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns an<span class=\"_ _4\"></span>d acc<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ulate<span class=\"_ _4\"></span>d imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es. T<span class=\"_ _4\"></span>he a<span class=\"_ _4\"></span>mor<span class=\"_ _7\"></span>tis<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on is r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnize<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he pr<span class=\"_ _4\"></span>o\ufb01t or<span class=\"_ _4\"></span> </div>\n<div class=\"t m1bb x1 hb y77 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">los<span class=\"_ _4\"></span>s s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>teme<span class=\"_ _4\"></span>nt, an<span class=\"_ _4\"></span>d is s<span class=\"_ _4\"></span>prea<span class=\"_ _4\"></span>d over th<span class=\"_ _4\"></span>e use<span class=\"_ _4\"></span>ful li<span class=\"_ _4\"></span>fe of t<span class=\"_ _4\"></span>he rele<span class=\"_ _4\"></span>vant i<span class=\"_ _4\"></span>nta<span class=\"_ _4\"></span>ngib<span class=\"_ _4\"></span>le as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s follow<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>aig<span class=\"_ _4\"></span>ht-lin<span class=\"_ _4\"></span>e dep<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m1bc x1 hb y63 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">ciat<span class=\"_ _4\"></span>ion m<span class=\"_ _4\"></span>eth<span class=\"_ _4\"></span>od. T<span class=\"_ _4\"></span>he am<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>iza<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n st<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>s fro<span class=\"_ _4\"></span>m th<span class=\"_ _4\"></span>e date t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>hey are av<span class=\"_ _4\"></span>ailab<span class=\"_ _4\"></span>le for u<span class=\"_ _4\"></span>se. A<span class=\"_ _4\"></span>mor<span class=\"_ _7\"></span>tiz<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>ds, u<span class=\"_ _4\"></span>sef<span class=\"_ _4\"></span>ul</div>\n<div class=\"t m8 x1 hb y64 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">live<span class=\"_ _4\"></span>s and re<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>dual v<span class=\"_ _4\"></span>alue<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>viewe<span class=\"_ _4\"></span>d at ea<span class=\"_ _4\"></span>ch \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al year-<span class=\"_ _4\"></span>end a<span class=\"_ _4\"></span>nd ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d if ap<span class=\"_ _4\"></span>pro<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>iate.</div>\n<div class=\"t m1bd x1 hb y65 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Int<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>ible a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s wi<span class=\"_ _4\"></span>th an i<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>e\ufb01nit<span class=\"_ _4\"></span>e use<span class=\"_ _4\"></span>ful li<span class=\"_ _4\"></span>fe or t<span class=\"_ _4\"></span>hat are n<span class=\"_ _4\"></span>ot yet avail<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e for us<span class=\"_ _4\"></span>e, are sub<span class=\"_ _4\"></span>jec<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>o an ann<span class=\"_ _4\"></span>ual im<span class=\"_ _4\"></span>pair<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y79 ff1 fs9 fc2 sc0 ls17 ws2c\" style=\"z-index: 15;\">ment tes<span class=\"_ _4\"></span>t.</div>\n<div class=\"t m0 x1 h6 y1e0 ff2 fs4 fc1 sc0 ls4d ws53\" style=\"z-index: 15;\">Subsequent<span class=\"_ _1\"></span> expenditure</div>\n<div class=\"t m31 x1 hb y69 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Sub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>ent ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e is c<span class=\"_ _4\"></span>api<span class=\"_ _4\"></span>tal<span class=\"_ _4\"></span>ized o<span class=\"_ _4\"></span>nly w<span class=\"_ _4\"></span>hen i<span class=\"_ _4\"></span>t inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>es t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>utu<span class=\"_ _4\"></span>re ec<span class=\"_ _4\"></span>ono<span class=\"_ _4\"></span>mic b<span class=\"_ _4\"></span>ene\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s emb<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>ied i<span class=\"_ _4\"></span>n the s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ci\ufb01<span class=\"_ _4\"></span>c</div>\n<div class=\"t m8 x1 hb y6a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>o whic<span class=\"_ _4\"></span>h it re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>s. All o<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r ex<span class=\"_ _4\"></span>pen<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ure i<span class=\"_ _4\"></span>s rec<span class=\"_ _4\"></span>ogni<span class=\"_ _4\"></span>zed in p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>t or los<span class=\"_ _4\"></span>s as i<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>red.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 212px; height: 449px; width: 88%; z-index: 5;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 212px; height: 647px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 690px; height: 169px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 212px; height: 919px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 212px; height: 919px; 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 class=\"t m0 xe h13 y42 ff3 fs4 fc0 sc0 ls4e ws54\" style=\"z-index: 15;\">F.<span class=\"_ _7\"></span> <span class=\"_ _c9\"> </span><span class=\"ls48 ws4c\">PROP<span class=\"_ _3\"></span>ERT<span class=\"_ _4\"></span>Y<span class=\"_ _1\"></span>, P<span class=\"_ _1\"></span>L<span class=\"_ _4\"></span>ANT AND EQUIP<span class=\"_ _1\"></span>MENT</span></div>\n<div class=\"t m0 xe h6 y1ba ff2 fs4 fc1 sc0 ls2e ws4f\" style=\"z-index: 15;\">Owned ass<span class=\"_ _3\"></span>ets</div>\n<div class=\"t m141 xe hb y80 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Ite<span class=\"_ _4\"></span>ms of pr<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y, plant an<span class=\"_ _4\"></span>d eq<span class=\"_ _4\"></span>uip<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t are s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ated a<span class=\"_ _4\"></span>t cos<span class=\"_ _4\"></span>t, w<span class=\"_ _4\"></span>hich i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>s ca<span class=\"_ _4\"></span>pit<span class=\"_ _4\"></span>ali<span class=\"_ _4\"></span>sed b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s, les<span class=\"_ _4\"></span>s ac<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1be xe hb y81 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">mula<span class=\"_ _4\"></span>ted d<span class=\"_ _4\"></span>epr<span class=\"_ _4\"></span>eci<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n and i<span class=\"_ _4\"></span>mpai<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ment l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s. Co<span class=\"_ _4\"></span>st i<span class=\"_ _4\"></span>ncl<span class=\"_ _4\"></span>ude<span class=\"_ _4\"></span>s ex<span class=\"_ _4\"></span>pen<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ure t<span class=\"_ _4\"></span>hat is d<span class=\"_ _4\"></span>ire<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tly a<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ble t<span class=\"_ _4\"></span>o the a<span class=\"_ _4\"></span>cqui<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y82 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">sit<span class=\"_ _4\"></span>ion of t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et an<span class=\"_ _4\"></span>d to br<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t to the l<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on an<span class=\"_ _4\"></span>d con<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ion ne<span class=\"_ _4\"></span>ces<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y f<span class=\"_ _4\"></span>or it<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>nten<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d use. T<span class=\"_ _4\"></span>he cos<span class=\"_ _4\"></span>t</div>\n<div class=\"t m1bf xe hb y83 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">of se<span class=\"_ _4\"></span>lf-<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s incl<span class=\"_ _4\"></span>ud<span class=\"_ _4\"></span>es th<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t of ma<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>ials an<span class=\"_ _4\"></span>d dire<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t la<span class=\"_ _4\"></span>bor<span class=\"_ _3\"></span>, any oth<span class=\"_ _4\"></span>er co<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>s d<span class=\"_ _4\"></span>irec<span class=\"_ _7\"></span>tly at<span class=\"_ _7\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ble t<span class=\"_ _4\"></span>o</div>\n<div class=\"t m8 xe hb y84 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">br<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t to a wor<span class=\"_ _4\"></span>k<span class=\"_ _4\"></span>ing co<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n for it<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>nten<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d use a<span class=\"_ _4\"></span>nd c<span class=\"_ _4\"></span>api<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>lized b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m8 xe hb y1e1 ff1 fs9 fc2 sc0 ls2 ws3b\" style=\"z-index: 15;\">Sub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>ent ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>es as<span class=\"_ _4\"></span>so<span class=\"_ _4\"></span>ciat<span class=\"_ _4\"></span>ed wi<span class=\"_ _4\"></span>th i<span class=\"_ _4\"></span>tems o<span class=\"_ _4\"></span>f pro<span class=\"_ _4\"></span>per<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>, plan<span class=\"_ _4\"></span>t and e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>pme<span class=\"_ _4\"></span>nt ar<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>pit<span class=\"_ _4\"></span>alis<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>nly i<span class=\"_ _4\"></span>f a fu<span class=\"_ _4\"></span>ture e<span class=\"_ _4\"></span>co</div>\n<div class=\"t m8 x3d hb y85 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m1c0 xe hb y86 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">nom<span class=\"_ _4\"></span>ic ad<span class=\"_ _4\"></span>vant<span class=\"_ _4\"></span>ag<span class=\"_ _4\"></span>e will re<span class=\"_ _4\"></span>sult f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m this e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>itu<span class=\"_ _4\"></span>re an<span class=\"_ _4\"></span>d it<span class=\"_ _4\"></span>s cos<span class=\"_ _4\"></span>t c<span class=\"_ _4\"></span>an b<span class=\"_ _4\"></span>e meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d reli<span class=\"_ _4\"></span>ably. If a par<span class=\"_ _7\"></span>t of an it<span class=\"_ _4\"></span>em of pr<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1c1 xe hb y87 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">er<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>, pl<span class=\"_ _4\"></span>ant an<span class=\"_ _4\"></span>d eq<span class=\"_ _4\"></span>uip<span class=\"_ _4\"></span>ment i<span class=\"_ _4\"></span>s rep<span class=\"_ _4\"></span>lace<span class=\"_ _4\"></span>d, the r<span class=\"_ _4\"></span>epl<span class=\"_ _4\"></span>ace<span class=\"_ _4\"></span>ment c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t is c<span class=\"_ _4\"></span>api<span class=\"_ _4\"></span>tal<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d and t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>ing a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e rep<span class=\"_ _4\"></span>lace<span class=\"_ _4\"></span>d</div>\n<div class=\"t m1c2 xe hb y8c ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">par<span class=\"_ _7\"></span>t is d<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d. Th<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s of t<span class=\"_ _4\"></span>he day-<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>day s<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ici<span class=\"_ _4\"></span>ng of pr<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _7\"></span>y<span class=\"_ _1\"></span>, pl<span class=\"_ _4\"></span>ant an<span class=\"_ _4\"></span>d eq<span class=\"_ _4\"></span>uip<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n the</div>\n<div class=\"t m8 xe hb y88 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>\ufb01t or lo<span class=\"_ _4\"></span>ss s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t as inc<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m1c3 xe hb y89 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s of a<span class=\"_ _4\"></span>n item of p<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>per<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>, p<span class=\"_ _4\"></span>lant a<span class=\"_ _4\"></span>nd e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>pme<span class=\"_ _4\"></span>nt have di<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>ent u<span class=\"_ _4\"></span>sef<span class=\"_ _4\"></span>ul live<span class=\"_ _4\"></span>s, th<span class=\"_ _4\"></span>ey are ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted f<span class=\"_ _4\"></span>or as s<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 xe hb y8a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ar<span class=\"_ _4\"></span>ate ite<span class=\"_ _4\"></span>ms (maj<span class=\"_ _4\"></span>or co<span class=\"_ _4\"></span>mpo<span class=\"_ _4\"></span>nen<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s) of pro<span class=\"_ _4\"></span>per<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>, plan<span class=\"_ _4\"></span>t and e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>pme<span class=\"_ _4\"></span>nt.</div>\n<div class=\"t m8 xe hb ydb ff1 fs9 fc2 sc0 ls2 ws55\" style=\"z-index: 15;\">De<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>ciat<span class=\"_ _4\"></span>ion is c<span class=\"_ _4\"></span>al<span class=\"_ _4\"></span>cula<span class=\"_ _4\"></span>ted ove<span class=\"_ _4\"></span>r the d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>iabl<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt, w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h is th<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t of a<span class=\"_ _4\"></span>n as<span class=\"_ _4\"></span>set, l<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s it<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>ual va<span class=\"_ _4\"></span>lue an<span class=\"_ _4\"></span>d is</div>\n<div class=\"t m8 xe hb y1e2 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ized i<span class=\"_ _4\"></span>n pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>.</div>\n\n<div class=\"t m1c4 xe hb y4a ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Vess<span class=\"_ _4\"></span>els, b<span class=\"_ _4\"></span>arg<span class=\"_ _4\"></span>es or u<span class=\"_ _4\"></span>nit<span class=\"_ _4\"></span>s in t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion p<span class=\"_ _4\"></span>roc<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s are s<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>ara<span class=\"_ _4\"></span>tely c<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed o<span class=\"_ _4\"></span>n the b<span class=\"_ _4\"></span>alan<span class=\"_ _4\"></span>ce s<span class=\"_ _4\"></span>heet a<span class=\"_ _4\"></span>s as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>er</div>\n<div class=\"t m1c5 xe hb y4b ff1 fs9 fc2 sc0 ls1f ws29\" style=\"z-index: 15;\">construc<span class=\"_ _4\"></span>tion<span class=\"_ _3\"></span>. These<span class=\"_ _1\"></span> as<span class=\"_ _4\"></span>sets under<span class=\"_ _3\"></span> construc<span class=\"_ _4\"></span>tion<span class=\"_ _3\"></span> are<span class=\"_ _3\"></span> not<span class=\"_ _1\"></span> depreciated<span class=\"_ _1\"></span>, depreciat<span class=\"_ _3\"></span>ion star<span class=\"_ _4\"></span>ts at<span class=\"_ _3\"></span> the mom<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span> that<span class=\"_ _3\"></span> the v<span class=\"_ _1\"></span>es<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y4c ff1 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">se<span class=\"_ _4\"></span>ls are d<span class=\"_ _4\"></span>elive<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>. As f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m the m<span class=\"_ _4\"></span>ome<span class=\"_ _4\"></span>nt of de<span class=\"_ _4\"></span>liver<span class=\"_ _7\"></span>y<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>els a<span class=\"_ _4\"></span>re no lo<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>r clas<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>i\ufb01e<span class=\"_ _4\"></span>d as un<span class=\"_ _4\"></span>der co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n. The</div>\n<div class=\"t m8 xe hb y1e3 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">bu<span class=\"_ _4\"></span>sine<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s mod<span class=\"_ _4\"></span>el of t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up ai<span class=\"_ _4\"></span>ms to re<span class=\"_ _4\"></span>nt or o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>ate t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _7\"></span>ted a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 773px; height: 69px; width: 90%; z-index: 4;\"><br/></div>\n\n\n<div class=\"t mc8 xe hb y4e ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e ves<span class=\"_ _4\"></span>sel<span class=\"_ _4\"></span>s are d<span class=\"_ _4\"></span>epr<span class=\"_ _4\"></span>eci<span class=\"_ _4\"></span>ated o<span class=\"_ _4\"></span>n a s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>aight-<span class=\"_ _4\"></span>line b<span class=\"_ _4\"></span>asi<span class=\"_ _4\"></span>s to th<span class=\"_ _4\"></span>eir re<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>ual val<span class=\"_ _4\"></span>ue over t<span class=\"_ _4\"></span>hei<span class=\"_ _4\"></span>r es<span class=\"_ _4\"></span>tim<span class=\"_ _4\"></span>ated u<span class=\"_ _4\"></span>sef<span class=\"_ _4\"></span>ul lif<span class=\"_ _4\"></span>e (as fro<span class=\"_ _4\"></span>m</div>\n<div class=\"t m8 xe hb y72 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on da<span class=\"_ _4\"></span>te) in th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p as fo<span class=\"_ _4\"></span>llow<span class=\"_ _4\"></span>s:</div>\n<div class=\"t m8 x3b hc y1e4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gas vessel LPG pressurized (1)<span class=\"_ _ca\"> </span>20<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1e5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gas vessel LPG<span class=\"_ _6a\"> </span>30<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1e6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gas vessel VLGC<span class=\"_ _cc\"> </span>30<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1e7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gas vessel LNG<span class=\"_ _cd\"> </span>35<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1e8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LNG units<span class=\"_ _2c\"> </span>30<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1e9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Accommodation platform, newbuild:</div>\n<div class=\"t m8 xc hc y1ea ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">- Hull machinery &amp; deck out\ufb01tting<span class=\"_ _ce\"> </span>20<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 xc hc y1eb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">- Accommodation<span class=\"_ _45\"> </span>10<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1ec ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Accommodation platform, second hand<span class=\"_ _cf\"> </span>10-12<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 xe h14 y1ed ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(1) <span class=\"_ _c7\"> </span>In June 2016, EXMAR increased its share in the pressurized \ufb02eet fr<span class=\"_ _1\"></span>om 50% to 100% and applied IFRS 3 Business combinations to account for this. The vessels</div>\n<div class=\"t m8 x3e h14 y1ee ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">were at that date accounted for at fair value and are being depr<span class=\"_ _3\"></span>eciated over their remaining useful life, which was 30 years as fr<span class=\"_ _3\"></span>om construction date, or on</div>\n<div class=\"t m8 x3e h14 y1ef ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">average a remaining term of 23 years. In 2020, management re-assessed the useful life and reduced it fr<span class=\"_ _3\"></span>om 30 to 20 years (as from construction date), or an</div>\n<div class=\"t m8 x3e h14 y1f0 ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">average remaining useful life of 10 years as from January 1, 2020.</div>\n<div class=\"t m8 xe hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Vess<span class=\"_ _4\"></span>els an<span class=\"_ _4\"></span>d bar<span class=\"_ _4\"></span>ges a<span class=\"_ _4\"></span>re es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d to have a zer<span class=\"_ _4\"></span>o res<span class=\"_ _4\"></span>idu<span class=\"_ _4\"></span>al val<span class=\"_ _4\"></span>ue.</div>\n<div class=\"t m8 xe hb y1b8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Dr<span class=\"_ _7\"></span>y-<span class=\"_ _4\"></span>do<span class=\"_ _4\"></span>ck<span class=\"_ _4\"></span>ing e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>pit<span class=\"_ _4\"></span>ali<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>ey occ<span class=\"_ _4\"></span>ur an<span class=\"_ _4\"></span>d de<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>ciat<span class=\"_ _4\"></span>ed over a p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod u<span class=\"_ _4\"></span>ntil t<span class=\"_ _4\"></span>he ne<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>t dr<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>do<span class=\"_ _4\"></span>ck.</div>\n<div class=\"t m1c6 xe hb y5f ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">O<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r pro<span class=\"_ _4\"></span>per<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>, plan<span class=\"_ _4\"></span>t and e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>pme<span class=\"_ _4\"></span>nt are d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>iated ov<span class=\"_ _4\"></span>er th<span class=\"_ _4\"></span>eir es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d use<span class=\"_ _4\"></span>ful l<span class=\"_ _4\"></span>ife us<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>aigh<span class=\"_ _4\"></span>t-line d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y60 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ciat<span class=\"_ _4\"></span>ion m<span class=\"_ _4\"></span>eth<span class=\"_ _4\"></span>od. L<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>d is not d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m8 xe hb y74 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e es<span class=\"_ _4\"></span>tim<span class=\"_ _4\"></span>ated u<span class=\"_ _4\"></span>sef<span class=\"_ _4\"></span>ul li<span class=\"_ _4\"></span>ves of t<span class=\"_ _4\"></span>he var<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>us ot<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>s of as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>re as fo<span class=\"_ _4\"></span>llow<span class=\"_ _4\"></span>s:</div>\n<div class=\"t m8 x3b hc y1f1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Buildings<span class=\"_ _d0\"> </span>33.3<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1f2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Leased real estate<span class=\"_ _d1\"> </span>33.3<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1f3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Plant and equipment<span class=\"_ _d2\"> </span>5<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1f4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Furniture<span class=\"_ _3c\"> </span>10<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1f5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cars<span class=\"_ _d3\"> </span>5<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1f6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Airplane<span class=\"_ _d4\"> </span>10<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1f7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">IT equipment<span class=\"_ _d5\"> </span>3<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 267px; height: 509px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 267px; height: 872px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 267px; height: 872px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 267px; height: 872px; 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 class=\"t m0 x1 h13 y42 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">G. <span class=\"_ _d6\"> </span><span class=\"ls4f ws56\">IMP<span class=\"_ _1\"></span>AIRMENT OF ASSETS</span></div>\n\n<div class=\"t m0 x1 h6 y1ba ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Financial assets</div>\n<div class=\"t m1c7 x1 hb y80 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">Fina<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s m<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ured a<span class=\"_ _4\"></span>t amo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d cos<span class=\"_ _4\"></span>t are a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ed eac<span class=\"_ _4\"></span>h re<span class=\"_ _4\"></span>por<span class=\"_ _7\"></span>ti<span class=\"_ _4\"></span>ng date t<span class=\"_ _4\"></span>o dete<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>mine w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>it ri<span class=\"_ _4\"></span>sk</div>\n<div class=\"t m1c8 x1 hb y81 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">of a \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l as<span class=\"_ _4\"></span>set ha<span class=\"_ _4\"></span>s inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>ed s<span class=\"_ _4\"></span>igni<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>antl<span class=\"_ _4\"></span>y sinc<span class=\"_ _4\"></span>e init<span class=\"_ _4\"></span>ial re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on. Th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>s a los<span class=\"_ _4\"></span>s all<span class=\"_ _4\"></span>owan<span class=\"_ _4\"></span>ce for</div>\n<div class=\"t m8 x1 hb y82 ff1 fs9 fc2 sc0 ls2 ws24\" style=\"z-index: 15;\">ex<span class=\"_ _4\"></span>pec<span class=\"_ _7\"></span>ted c<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>dit lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es (<span class=\"_ _4\"></span>ECL<span class=\"_ _2\"></span>\u2019s) whic<span class=\"_ _4\"></span>h is bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e dif<span class=\"_ _7\"></span>fere<span class=\"_ _4\"></span>nce b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>we<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ual c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s due i<span class=\"_ _4\"></span>n acc<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m1c9 x1 hb y83 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">anc<span class=\"_ _4\"></span>e wit<span class=\"_ _4\"></span>h the c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t and a<span class=\"_ _4\"></span>ll the c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s tha<span class=\"_ _4\"></span>t the Gr<span class=\"_ _4\"></span>oup e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s to r<span class=\"_ _4\"></span>ecei<span class=\"_ _4\"></span>ve, disco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d at an a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>roxi<span class=\"_ _4\"></span>matio<span class=\"_ _4\"></span>n of</div>\n<div class=\"t mc6 x1 hb y84 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">the o<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ginal e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>tive i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>st r<span class=\"_ _4\"></span>ate. T<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s will i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s fro<span class=\"_ _4\"></span>m the s<span class=\"_ _4\"></span>ale o<span class=\"_ _4\"></span>f collat<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>al hel<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 x1 hb y85 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">or ot<span class=\"_ _4\"></span>her c<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>it en<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>cem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>hat are a<span class=\"_ _4\"></span>n inte<span class=\"_ _4\"></span>gr<span class=\"_ _4\"></span>al par<span class=\"_ _7\"></span>t of t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t te<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ms.</div>\n<div class=\"t m1ca x1 hb y86 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">In de<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>mini<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e cre<span class=\"_ _4\"></span>dit r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k of a \ufb01nan<span class=\"_ _4\"></span>cial a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et an<span class=\"_ _4\"></span>d whe<span class=\"_ _4\"></span>n es<span class=\"_ _4\"></span>tim<span class=\"_ _4\"></span>atin<span class=\"_ _4\"></span>g the ECL<span class=\"_ _1\"></span>\u2019<span class=\"_ _3\"></span>s, the Gr<span class=\"_ _4\"></span>oup c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>rs r<span class=\"_ _4\"></span>easo<span class=\"_ _4\"></span>nab<span class=\"_ _4\"></span>le</div>\n<div class=\"t m1cb x1 hb y87 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">and s<span class=\"_ _4\"></span>up<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e info<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n tha<span class=\"_ _4\"></span>t is rel<span class=\"_ _4\"></span>evan<span class=\"_ _4\"></span>t and av<span class=\"_ _4\"></span>ailab<span class=\"_ _4\"></span>le wi<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>ut u<span class=\"_ _4\"></span>ndu<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t or e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>for<span class=\"_ _7\"></span>t. T<span class=\"_ _4\"></span>his in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>s bot<span class=\"_ _4\"></span>h qua<span class=\"_ _4\"></span>n<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1cc x1 hb y8c ff1 fs9 fc2 sc0 ls1f ws2d\" style=\"z-index: 15;\">titative and qua<span class=\"_ _3\"></span>litative in<span class=\"_ _3\"></span>formation and an<span class=\"_ _3\"></span>alysis,<span class=\"_ _3\"></span> based on the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>s historic<span class=\"_ _4\"></span>al e<span class=\"_ _3\"></span>xper<span class=\"_ _4\"></span>ience and<span class=\"_ _3\"></span> informed credit</div>\n<div class=\"t m8 x1 hb y88 ff1 fs9 fc2 sc0 ls28 ws1a\" style=\"z-index: 15;\">asse<span class=\"_ _4\"></span>ssment and including for<span class=\"_ _4\"></span>ward-<span class=\"_ _4\"></span>looking information.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 905px; height: 193px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x1 h6 y1f8 ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Equity account<span class=\"_ _3\"></span>ed in<span class=\"_ _3\"></span>vestees</div>\n<div class=\"t m1cd x1 hb y8b ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Af<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r app<span class=\"_ _4\"></span>lic<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n of th<span class=\"_ _4\"></span>e eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y m<span class=\"_ _4\"></span>eth<span class=\"_ _4\"></span>od, th<span class=\"_ _4\"></span>e enti<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y de<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>mine<span class=\"_ _4\"></span>s wh<span class=\"_ _4\"></span>eth<span class=\"_ _4\"></span>er it is n<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>y to re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise a<span class=\"_ _4\"></span>n imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt</div>\n<div class=\"t m8 x1 hb y4a ff1 fs9 fc2 sc0 ls2 ws55\" style=\"z-index: 15;\">los<span class=\"_ _4\"></span>s wi<span class=\"_ _4\"></span>th re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _7\"></span>t to it<span class=\"_ _4\"></span>s net i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent i<span class=\"_ _4\"></span>n the a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>iate or jo<span class=\"_ _4\"></span>int ve<span class=\"_ _4\"></span>ntur<span class=\"_ _4\"></span>e. An im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>m<span class=\"_ _4\"></span>ent lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s in res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t of an e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y</div>\n<div class=\"t m1ce x1 hb y4b ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ee is m<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>red b<span class=\"_ _4\"></span>y com<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>cover<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le am<span class=\"_ _4\"></span>ount o<span class=\"_ _4\"></span>f the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent wi<span class=\"_ _4\"></span>th i<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt.<span class=\"_ _4\"></span> </div>\n<div class=\"t m1cf x1 hb y4c ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">An i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>ir<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t los<span class=\"_ _4\"></span>s is re<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n pro\ufb01<span class=\"_ _4\"></span>t and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d is rever<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ed w<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>n the<span class=\"_ _4\"></span>re is a f<span class=\"_ _4\"></span>avour<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le c<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>e in t<span class=\"_ _4\"></span>he es<span class=\"_ _4\"></span>ti</div>\n<div class=\"t m36 x14 hb y4c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y4d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">mate<span class=\"_ _4\"></span>s use<span class=\"_ _4\"></span>d to d<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>min<span class=\"_ _4\"></span>e th<span class=\"_ _4\"></span>e recove<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ble a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt.</div>\n\n<div class=\"t m0 x1 h6 y1b1 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Non-\ufb01<span class=\"_ _4\"></span>nancial ass<span class=\"_ _4\"></span>ets</div>\n<div class=\"t m1d0 x1 hb y50 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e car<span class=\"_ _4\"></span>r<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g valu<span class=\"_ _4\"></span>e of non<span class=\"_ _4\"></span>-\ufb01n<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts<span class=\"_ _4\"></span>, othe<span class=\"_ _4\"></span>r tha<span class=\"_ _4\"></span>n def<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>red t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s, a<span class=\"_ _4\"></span>re revi<span class=\"_ _4\"></span>ewe<span class=\"_ _4\"></span>d at eac<span class=\"_ _4\"></span>h bala<span class=\"_ _4\"></span>nce s<span class=\"_ _4\"></span>hee<span class=\"_ _4\"></span>t date</div>\n<div class=\"t m1d1 x1 hb y51 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">to de<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>min<span class=\"_ _4\"></span>e whe<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>ere is a<span class=\"_ _4\"></span>n ind<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n of imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt. If a<span class=\"_ _4\"></span>ny suc<span class=\"_ _4\"></span>h in<span class=\"_ _4\"></span>dic<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n ex<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s, the a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>\u2019s recove<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ble</div>\n<div class=\"t m8 x1 hb y52 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amo<span class=\"_ _4\"></span>unt i<span class=\"_ _4\"></span>s es<span class=\"_ _4\"></span>tim<span class=\"_ _4\"></span>ated.</div>\n<div class=\"t m1d2 x1 hb y53 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">For g<span class=\"_ _4\"></span>ood<span class=\"_ _4\"></span>will a<span class=\"_ _4\"></span>nd in<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ngib<span class=\"_ _4\"></span>le as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>hat have i<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>\ufb01nite l<span class=\"_ _4\"></span>ives o<span class=\"_ _4\"></span>r that a<span class=\"_ _4\"></span>re not yet av<span class=\"_ _4\"></span>ailab<span class=\"_ _4\"></span>le fo<span class=\"_ _4\"></span>r use t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>cover<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le</div>\n<div class=\"t m8 x1 hb y54 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amo<span class=\"_ _4\"></span>unt i<span class=\"_ _4\"></span>s es<span class=\"_ _4\"></span>tim<span class=\"_ _4\"></span>ated o<span class=\"_ _4\"></span>n eac<span class=\"_ _4\"></span>h bala<span class=\"_ _4\"></span>nce s<span class=\"_ _4\"></span>hee<span class=\"_ _4\"></span>t date.</div>\n<div class=\"t m1d3 x1 hb y73 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">The r<span class=\"_ _4\"></span>ecove<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ble a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt of an as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t or c<span class=\"_ _4\"></span>ash<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ng uni<span class=\"_ _4\"></span>t (CGU) is th<span class=\"_ _4\"></span>e grea<span class=\"_ _4\"></span>ter of it<span class=\"_ _4\"></span>s v<span class=\"_ _4\"></span>alue i<span class=\"_ _4\"></span>n use a<span class=\"_ _4\"></span>nd it<span class=\"_ _4\"></span>s f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue</div>\n<div class=\"t m1d4 x1 hb y55 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">les<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ts t<span class=\"_ _4\"></span>o sel<span class=\"_ _4\"></span>l. In as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ing v<span class=\"_ _4\"></span>alue i<span class=\"_ _4\"></span>n use, th<span class=\"_ _4\"></span>e es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d fu<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>sh \ufb02o<span class=\"_ _4\"></span>ws ar<span class=\"_ _4\"></span>e dis<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted t<span class=\"_ _4\"></span>o the<span class=\"_ _4\"></span>ir pr<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>nt val<span class=\"_ _4\"></span>ue us<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1d5 x1 hb y56 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">ing a p<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>-t<span class=\"_ _4\"></span>ax d<span class=\"_ _4\"></span>isc<span class=\"_ _4\"></span>ount r<span class=\"_ _4\"></span>ate t<span class=\"_ _4\"></span>hat r<span class=\"_ _4\"></span>e\ufb02ec<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>s cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nt mar<span class=\"_ _4\"></span>ket as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>sme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s of t<span class=\"_ _4\"></span>he tim<span class=\"_ _4\"></span>e valu<span class=\"_ _4\"></span>e of mo<span class=\"_ _4\"></span>ney an<span class=\"_ _4\"></span>d the r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ci\ufb01c<span class=\"_ _4\"></span> </div>\n<div class=\"t m1d6 x1 hb y57 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">to th<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>. For t<span class=\"_ _4\"></span>he pu<span class=\"_ _4\"></span>rp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>e of im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt te<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ing, as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s tha<span class=\"_ _4\"></span>t ca<span class=\"_ _4\"></span>nnot b<span class=\"_ _4\"></span>e tes<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d in<span class=\"_ _4\"></span>div<span class=\"_ _4\"></span>idua<span class=\"_ _4\"></span>lly are g<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>d tog<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>her</div>\n<div class=\"t m1d7 x1 hb y58 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">into t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>malle<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t gro<span class=\"_ _4\"></span>up of as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s tha<span class=\"_ _4\"></span>t gen<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ates c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h in\ufb02<span class=\"_ _4\"></span>ows f<span class=\"_ _4\"></span>rom c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>inui<span class=\"_ _4\"></span>ng us<span class=\"_ _4\"></span>e tha<span class=\"_ _4\"></span>t are lar<span class=\"_ _4\"></span>gel<span class=\"_ _4\"></span>y ind<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>ent o<span class=\"_ _4\"></span>f</div>\n<div class=\"t m8 x1 hb y59 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>sh in\ufb02<span class=\"_ _4\"></span>ows o<span class=\"_ _4\"></span>f othe<span class=\"_ _4\"></span>r as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>r CGUs.</div>\n<div class=\"t m8 x1 hb y1f9 ff1 fs9 fc2 sc0 ls2 ws12\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e goo<span class=\"_ _4\"></span>dw<span class=\"_ _4\"></span>ill acq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d in a b<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>mbi<span class=\"_ _4\"></span>nati<span class=\"_ _4\"></span>on, for t<span class=\"_ _4\"></span>he pu<span class=\"_ _4\"></span>rp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>e of im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt tes<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing, is all<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d to c<span class=\"_ _4\"></span>ash<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 x14 hb y5a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y5b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">er<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ng uni<span class=\"_ _4\"></span>ts t<span class=\"_ _4\"></span>hat a<span class=\"_ _4\"></span>re ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted t<span class=\"_ _4\"></span>o ben<span class=\"_ _4\"></span>e\ufb01t f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>yn<span class=\"_ _4\"></span>ergi<span class=\"_ _4\"></span>es of t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>mbin<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n.</div>\n<div class=\"t m1bc x1 hb y5c ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">An i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>ir<span class=\"_ _4\"></span>ment l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d if t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>yi<span class=\"_ _4\"></span>ng am<span class=\"_ _4\"></span>ount o<span class=\"_ _4\"></span>f an as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t or it<span class=\"_ _4\"></span>s c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h-<span class=\"_ _4\"></span>g<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ing u<span class=\"_ _4\"></span>nit exce<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>s it<span class=\"_ _4\"></span>s es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mat<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ed re<span class=\"_ _4\"></span>cove<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ble am<span class=\"_ _4\"></span>ou<span class=\"_ _4\"></span>nt. Al<span class=\"_ _4\"></span>l imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t los<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n the p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent.</div>\n<div class=\"t m1d8 x1 hb y5e ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d in res<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t of c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h-<span class=\"_ _4\"></span>g<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ting u<span class=\"_ _4\"></span>nit<span class=\"_ _4\"></span>s are a<span class=\"_ _4\"></span>lloc<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d \ufb01r<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t to re<span class=\"_ _4\"></span>duc<span class=\"_ _4\"></span>e the c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>ing a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt</div>\n<div class=\"t m10 x1 hb y5f ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">of any go<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>will al<span class=\"_ _4\"></span>loc<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e unit<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>en to re<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>ce th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _4\"></span>ng amo<span class=\"_ _4\"></span>unt of t<span class=\"_ _4\"></span>he ot<span class=\"_ _4\"></span>her a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s in t<span class=\"_ _4\"></span>he uni<span class=\"_ _4\"></span>t (g<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p</div>\n<div class=\"t m8 x1 hb y60 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of uni<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s) on a pro r<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>a ba<span class=\"_ _4\"></span>sis<span class=\"_ _4\"></span>.</div>\n<div class=\"t m136 x1 hb y75 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">An i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>ir<span class=\"_ _4\"></span>ment l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s in re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t of g<span class=\"_ _4\"></span>oo<span class=\"_ _4\"></span>dwi<span class=\"_ _4\"></span>ll is not re<span class=\"_ _4\"></span>ver<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d. In re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t of ot<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>r as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s, i<span class=\"_ _4\"></span>mpai<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>ent lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ses i<span class=\"_ _4\"></span>n pr<span class=\"_ _4\"></span>ior p<span class=\"_ _4\"></span>e<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1d9 x1 hb y76 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">ri<span class=\"_ _4\"></span>ods a<span class=\"_ _4\"></span>re as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>t each r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing da<span class=\"_ _4\"></span>te for in<span class=\"_ _4\"></span>dic<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ons t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he los<span class=\"_ _4\"></span>s has d<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>r no lon<span class=\"_ _4\"></span>ger ex<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s. A<span class=\"_ _4\"></span>n im<span class=\"_ _4\"></span>pair<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1da x1 hb y61 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t los<span class=\"_ _4\"></span>s is reve<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>sed i<span class=\"_ _4\"></span>f th<span class=\"_ _4\"></span>ere has b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n a cha<span class=\"_ _4\"></span>nge i<span class=\"_ _4\"></span>n the e<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>es us<span class=\"_ _4\"></span>ed to d<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>ne th<span class=\"_ _4\"></span>e rec<span class=\"_ _4\"></span>over<span class=\"_ _4\"></span>able a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt. A<span class=\"_ _4\"></span>n</div>\n<div class=\"t m1db x1 hb y77 ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s is r<span class=\"_ _4\"></span>ever<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d onl<span class=\"_ _4\"></span>y to th<span class=\"_ _4\"></span>e ex<span class=\"_ _4\"></span>tent t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>\u2019s car<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>ing am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>t doe<span class=\"_ _4\"></span>s not exc<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>d the c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>ing a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt</div>\n<div class=\"t m1dc x1 hb y63 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">tha<span class=\"_ _4\"></span>t woul<span class=\"_ _4\"></span>d have be<span class=\"_ _4\"></span>en de<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>min<span class=\"_ _4\"></span>ed, net of d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>iatio<span class=\"_ _4\"></span>n or am<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n, if no im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s ha<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>en re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 344px; height: 408px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 344px; height: 795px; width: 92%; z-index: 3;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x1 h13 y79 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">H. <span class=\"_ _d6\"> </span>A<span class=\"_ _4\"></span>SSETS HELD FOR SALE</div>\n<div class=\"t m1dd x1 hb y67 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">Non<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ent as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s, or di<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>al gro<span class=\"_ _4\"></span>ups c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>sing a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liab<span class=\"_ _4\"></span>ilitie<span class=\"_ _4\"></span>s, th<span class=\"_ _4\"></span>at are ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to be r<span class=\"_ _4\"></span>ecover<span class=\"_ _4\"></span>ed p<span class=\"_ _4\"></span>rim<span class=\"_ _4\"></span>ari<span class=\"_ _4\"></span>ly</div>\n<div class=\"t m1de x1 hb y68 ff1 fs9 fc2 sc0 ls20 wsc\" style=\"z-index: 15;\">thr<span class=\"_ _4\"></span>oug<span class=\"_ _4\"></span>h sal<span class=\"_ _4\"></span>e ra<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r tha<span class=\"_ _4\"></span>n thr<span class=\"_ _4\"></span>oug<span class=\"_ _4\"></span>h cont<span class=\"_ _4\"></span>inui<span class=\"_ _4\"></span>ng us<span class=\"_ _4\"></span>e, are clas<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed a<span class=\"_ _4\"></span>s hel<span class=\"_ _4\"></span>d for s<span class=\"_ _4\"></span>ale. Imm<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>ately b<span class=\"_ _4\"></span>efo<span class=\"_ _4\"></span>re cla<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>i\ufb01c<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on as h<span class=\"_ _4\"></span>eld</div>\n<div class=\"t m11e x1 hb y69 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">for s<span class=\"_ _4\"></span>ale, the a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s (or co<span class=\"_ _4\"></span>mpo<span class=\"_ _4\"></span>nen<span class=\"_ _4\"></span>ts o<span class=\"_ _4\"></span>f a dis<span class=\"_ _4\"></span>pos<span class=\"_ _4\"></span>al gr<span class=\"_ _4\"></span>oup) ar<span class=\"_ _4\"></span>e rem<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>red i<span class=\"_ _4\"></span>n acco<span class=\"_ _4\"></span>rda<span class=\"_ _4\"></span>nce wi<span class=\"_ _4\"></span>th t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up\u2019<span class=\"_ _1\"></span>s ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>g</div>\n<div class=\"t m1df x1 hb y6a ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">po<span class=\"_ _4\"></span>licie<span class=\"_ _4\"></span>s. Th<span class=\"_ _4\"></span>erea<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>ter t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s (or dis<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sal g<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p) are meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at t<span class=\"_ _4\"></span>he lowe<span class=\"_ _4\"></span>r of th<span class=\"_ _4\"></span>eir c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>yi<span class=\"_ _4\"></span>ng am<span class=\"_ _4\"></span>ount a<span class=\"_ _4\"></span>nd f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue</div>\n<div class=\"t m1e0 x1 hb y7b ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">les<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>st t<span class=\"_ _4\"></span>o sell. A<span class=\"_ _4\"></span>ny im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt lo<span class=\"_ _4\"></span>ss o<span class=\"_ _4\"></span>n a dis<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sal g<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p is allo<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>ted \ufb01r<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t to g<span class=\"_ _4\"></span>ood<span class=\"_ _4\"></span>will, an<span class=\"_ _4\"></span>d the<span class=\"_ _4\"></span>n to t<span class=\"_ _4\"></span>he rem<span class=\"_ _4\"></span>ainin<span class=\"_ _4\"></span>g</div>\n<div class=\"t m8 x1 hb y6b ff1 fs9 fc2 sc0 ls2 ws3b\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>ies o<span class=\"_ _4\"></span>n a pro r<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>a ba<span class=\"_ _4\"></span>sis exc<span class=\"_ _4\"></span>ept t<span class=\"_ _4\"></span>hat no l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s is all<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d to as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s n<span class=\"_ _4\"></span>ot in th<span class=\"_ _4\"></span>e meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt sco<span class=\"_ _4\"></span>pe o<span class=\"_ _4\"></span>f</div>\n<div class=\"t m1e1 x1 hb y6c ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">IFRS 5, whi<span class=\"_ _4\"></span>ch co<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>ue to b<span class=\"_ _4\"></span>e meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d in ac<span class=\"_ _4\"></span>cor<span class=\"_ _4\"></span>dan<span class=\"_ _4\"></span>ce wi<span class=\"_ _4\"></span>th t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up\u2019<span class=\"_ _1\"></span>s ot<span class=\"_ _4\"></span>her a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng po<span class=\"_ _4\"></span>licie<span class=\"_ _4\"></span>s. I<span class=\"_ _4\"></span>nta<span class=\"_ _4\"></span>ngib<span class=\"_ _4\"></span>le as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s</div>\n<div class=\"t m1e2 x1 hb y6d ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">and p<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>per<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>, plan<span class=\"_ _4\"></span>t and e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>pm<span class=\"_ _4\"></span>ent o<span class=\"_ _4\"></span>nce cl<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>si\ufb01<span class=\"_ _4\"></span>ed as h<span class=\"_ _4\"></span>eld fo<span class=\"_ _4\"></span>r sa<span class=\"_ _4\"></span>le or di<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n are no<span class=\"_ _4\"></span>t amo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d or de<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>ecia<span class=\"_ _4\"></span>ted.</div>\n<div class=\"t m1e3 x1 hb y6e ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">In ad<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ion, e<span class=\"_ _4\"></span>quit<span class=\"_ _7\"></span>y acco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng of e<span class=\"_ _4\"></span>quit<span class=\"_ _7\"></span>y acco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es cea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s once c<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed as h<span class=\"_ _4\"></span>eld fo<span class=\"_ _4\"></span>r sal<span class=\"_ _4\"></span>e or dis<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>but<span class=\"_ _4\"></span>ion.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 129px; height: 185px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 129px; height: 185px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 129px; height: 1010px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 129px; height: 1010px; 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 xe h13 y42 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">I. <span class=\"_ _13\"> </span><span class=\"ls4c ws52\">INVENTOR<span class=\"_ _4\"></span>IES</span></div>\n<div class=\"t m8 xe hb y7f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Inven<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>ies ar<span class=\"_ _4\"></span>e valu<span class=\"_ _4\"></span>ed at t<span class=\"_ _4\"></span>he lo<span class=\"_ _4\"></span>wer of co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t and n<span class=\"_ _4\"></span>et reali<span class=\"_ _4\"></span>sa<span class=\"_ _4\"></span>ble v<span class=\"_ _4\"></span>alue.</div>\n<div class=\"t m8 xe hb y1fa ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Co<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>ncu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ed in b<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ngin<span class=\"_ _4\"></span>g eac<span class=\"_ _4\"></span>h pro<span class=\"_ _4\"></span>duc<span class=\"_ _7\"></span>t to it<span class=\"_ _4\"></span>s p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ent lo<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n and c<span class=\"_ _4\"></span>ond<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n are a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d for<span class=\"_ _1\"></span>, a<span class=\"_ _4\"></span>s foll<span class=\"_ _4\"></span>ows:</div>\n<div class=\"t m8 xe hb y1fb ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Raw mat<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ials an<span class=\"_ _4\"></span>d go<span class=\"_ _4\"></span>od p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>ed fo<span class=\"_ _4\"></span>r res<span class=\"_ _4\"></span>ale: pu<span class=\"_ _4\"></span>rch<span class=\"_ _4\"></span>ase c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t on a \ufb01r<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t-in<span class=\"_ _4\"></span>/\ufb01r<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t-o<span class=\"_ _4\"></span>ut ba<span class=\"_ _4\"></span>sis;</div>\n<div class=\"t m8 xe hb y1fc ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m1e4 x3f hb y81 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">Wor<span class=\"_ _4\"></span>k in pro<span class=\"_ _4\"></span>gre<span class=\"_ _4\"></span>ss a<span class=\"_ _4\"></span>nd \ufb01ni<span class=\"_ _4\"></span>she<span class=\"_ _4\"></span>d go<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>s: cos<span class=\"_ _4\"></span>t of di<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>t ma<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>ial an<span class=\"_ _4\"></span>d lab<span class=\"_ _4\"></span>or an<span class=\"_ _4\"></span>d a pro<span class=\"_ _4\"></span>por<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of man<span class=\"_ _4\"></span>uf<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ng over<span class=\"ws2\">-</span></div>\n<div class=\"t m8 x3f hb y82 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">hea<span class=\"_ _4\"></span>ds ba<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d on t<span class=\"_ _4\"></span>he nor<span class=\"_ _4\"></span>m<span class=\"_ _4\"></span>al op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atin<span class=\"_ _4\"></span>g ca<span class=\"_ _4\"></span>pac<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y b<span class=\"_ _4\"></span>ut excl<span class=\"_ _4\"></span>udi<span class=\"_ _4\"></span>ng bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owi<span class=\"_ _4\"></span>ng cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m1e5 xe hb y83 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Net r<span class=\"_ _4\"></span>ealiz<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e val<span class=\"_ _4\"></span>ue is t<span class=\"_ _4\"></span>he es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d sel<span class=\"_ _4\"></span>ling p<span class=\"_ _4\"></span>ric<span class=\"_ _4\"></span>e in th<span class=\"_ _4\"></span>e ord<span class=\"_ _4\"></span>inar<span class=\"_ _7\"></span>y co<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>se of b<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s le<span class=\"_ _4\"></span>ss t<span class=\"_ _4\"></span>he e<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>ed co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ts o<span class=\"_ _4\"></span>f</div>\n<div class=\"t m8 xe hb y84 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>ple<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n and t<span class=\"_ _4\"></span>he es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s of co<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>leti<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e sal<span class=\"_ _4\"></span>e.</div>\n<div class=\"t m1e6 xe hb y85 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Wri<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>-o<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>s on inve<span class=\"_ _4\"></span>ntor<span class=\"_ _4\"></span>ies ar<span class=\"_ _4\"></span>e app<span class=\"_ _4\"></span>lie<span class=\"_ _4\"></span>d on sl<span class=\"_ _4\"></span>ow-<span class=\"_ _4\"></span>mov<span class=\"_ _4\"></span>ing it<span class=\"_ _4\"></span>ems<span class=\"_ _4\"></span>. The c<span class=\"_ _4\"></span>alc<span class=\"_ _4\"></span>ulat<span class=\"_ _4\"></span>ion of t<span class=\"_ _4\"></span>he all<span class=\"_ _4\"></span>owa<span class=\"_ _4\"></span>nce is b<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d on c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t</div>\n<div class=\"t m1e7 x3d hb y85 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 xe hb y86 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ent<span class=\"_ _4\"></span>ly ap<span class=\"_ _4\"></span>plie<span class=\"_ _4\"></span>d wr<span class=\"_ _4\"></span>ite<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>of<span class=\"_ _7\"></span>f r<span class=\"_ _4\"></span>ules, w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h de<span class=\"_ _4\"></span>pen<span class=\"_ _4\"></span>d on b<span class=\"_ _4\"></span>oth hi<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>al and f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure d<span class=\"_ _4\"></span>ema<span class=\"_ _4\"></span>nd.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 954px; height: 185px; width: 92%; z-index: 3;\"><br/></div>\n\n\n<div><br/></div>\n<div class=\"t m0 xe h13 y88 ff3 fs4 fc0 sc0 ls50 ws57\" style=\"z-index: 15;\">J. <span class=\"_ _c9\"> </span><span class=\"ls2 ws2\">E<span class=\"_ _4\"></span>MPLO<span class=\"_ _1\"></span>YEE B<span class=\"_ _4\"></span>ENEFITS</span></div>\n<div class=\"t m0 xe h6 y1f8 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">De\ufb01ned contribution plans</div>\n<div class=\"t m1e8 xe hb y8b ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Ob<span class=\"_ _4\"></span>ligat<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s for co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ib<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>ons to d<span class=\"_ _4\"></span>e\ufb01n<span class=\"_ _4\"></span>ed co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ib<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>on p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>ion p<span class=\"_ _4\"></span>lans a<span class=\"_ _4\"></span>re rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d as an e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>e in t<span class=\"_ _4\"></span>he pr<span class=\"_ _4\"></span>o\ufb01t or</div>\n<div class=\"t m8 xe hb y4a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">los<span class=\"_ _4\"></span>s s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent as t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>vi<span class=\"_ _4\"></span>ce is pr<span class=\"_ _4\"></span>ovid<span class=\"_ _4\"></span>ed.</div>\n<div class=\"t m0 xe h6 y1fd ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">De\ufb01ned bene\ufb01t plans</div>\n<div class=\"t m1e9 xe hb y4e ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">The G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s net o<span class=\"_ _4\"></span>bliga<span class=\"_ _4\"></span>tion i<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t of de<span class=\"_ _4\"></span>\ufb01ne<span class=\"_ _4\"></span>d ben<span class=\"_ _4\"></span>e\ufb01t p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>ion p<span class=\"_ _4\"></span>lans i<span class=\"_ _4\"></span>s cal<span class=\"_ _4\"></span>cula<span class=\"_ _4\"></span>ted s<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>ara<span class=\"_ _4\"></span>tely fo<span class=\"_ _4\"></span>r eac<span class=\"_ _4\"></span>h plan b<span class=\"_ _4\"></span>y</div>\n<div class=\"t m1ea xe hb y72 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mati<span class=\"_ _4\"></span>ng the a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt of f<span class=\"_ _4\"></span>utu<span class=\"_ _4\"></span>re b<span class=\"_ _4\"></span>ene\ufb01<span class=\"_ _4\"></span>t tha<span class=\"_ _4\"></span>t emp<span class=\"_ _4\"></span>loyee<span class=\"_ _4\"></span>s have ear<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>d in re<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>n fo<span class=\"_ _4\"></span>r the<span class=\"_ _4\"></span>ir se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>vi<span class=\"_ _4\"></span>ce in t<span class=\"_ _4\"></span>he cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ent an<span class=\"_ _4\"></span>d</div>\n<div class=\"t m1eb xe hb y4f ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">pr<span class=\"_ _4\"></span>ior p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod<span class=\"_ _4\"></span>s; dis<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>ng tha<span class=\"_ _4\"></span>t amo<span class=\"_ _4\"></span>unt an<span class=\"_ _4\"></span>d de<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>g the f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue of a<span class=\"_ _4\"></span>ny pla<span class=\"_ _4\"></span>n as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>. The c<span class=\"_ _4\"></span>alc<span class=\"_ _4\"></span>ulat<span class=\"_ _4\"></span>ion i<span class=\"_ _4\"></span>s pe<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>fo<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m1ec xe hb y50 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">ann<span class=\"_ _4\"></span>ually b<span class=\"_ _4\"></span>y a qual<span class=\"_ _4\"></span>i\ufb01e<span class=\"_ _4\"></span>d ac<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y u<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>g the p<span class=\"_ _4\"></span>roj<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d uni<span class=\"_ _4\"></span>t cre<span class=\"_ _4\"></span>dit m<span class=\"_ _4\"></span>eth<span class=\"_ _4\"></span>od. W<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e cal<span class=\"_ _4\"></span>cul<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>ult<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>n a pote<span class=\"_ _4\"></span>ntia<span class=\"_ _4\"></span>l</div>\n<div class=\"t m1ed xe hb y51 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up, the re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nized a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et is l<span class=\"_ _4\"></span>imite<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nt valu<span class=\"_ _4\"></span>e of eco<span class=\"_ _4\"></span>no<span class=\"_ _4\"></span>mic be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>ts av<span class=\"_ _4\"></span>ailab<span class=\"_ _4\"></span>le in t<span class=\"_ _4\"></span>he fo<span class=\"_ _4\"></span>rm</div>\n<div class=\"t m1ee xe hb y52 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">of a any f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure re<span class=\"_ _4\"></span>fun<span class=\"_ _4\"></span>ds f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m the p<span class=\"_ _4\"></span>lan o<span class=\"_ _4\"></span>r red<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ions i<span class=\"_ _4\"></span>n fu<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns to t<span class=\"_ _4\"></span>he pla<span class=\"_ _4\"></span>n. T<span class=\"_ _1\"></span>o ca<span class=\"_ _4\"></span>lcu<span class=\"_ _4\"></span>late t<span class=\"_ _4\"></span>he pr<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>nt va<span class=\"_ _4\"></span>lue</div>\n<div class=\"t m8 xe hb y53 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of ec<span class=\"_ _4\"></span>ono<span class=\"_ _4\"></span>mic be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s, con<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n is gi<span class=\"_ _4\"></span>ven to any a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>lic<span class=\"_ _4\"></span>able m<span class=\"_ _4\"></span>inim<span class=\"_ _4\"></span>um f<span class=\"_ _4\"></span>undi<span class=\"_ _4\"></span>ng re<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>rem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m8 xe hb y1d2 ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">Rem<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>rem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s of t<span class=\"_ _4\"></span>he ne<span class=\"_ _4\"></span>t de\ufb01<span class=\"_ _4\"></span>ned b<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>\ufb01t lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>y, whic<span class=\"_ _4\"></span>h com<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>ise a<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tua<span class=\"_ _4\"></span>ria<span class=\"_ _4\"></span>l gain<span class=\"_ _4\"></span>s and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>ses<span class=\"_ _4\"></span>, the r<span class=\"_ _4\"></span>etur<span class=\"_ _4\"></span>n o<span class=\"_ _4\"></span>n pla<span class=\"_ _4\"></span>n</div>\n<div class=\"t m1ef xe hb y73 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s (excl<span class=\"_ _4\"></span>udi<span class=\"_ _4\"></span>ng inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t) a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>he ef<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t ceilin<span class=\"_ _4\"></span>g (if a<span class=\"_ _4\"></span>ny<span class=\"_ _1\"></span>, excl<span class=\"_ _4\"></span>udin<span class=\"_ _4\"></span>g inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t), are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed im<span class=\"_ _4\"></span>med<span class=\"_ _4\"></span>iatel<span class=\"_ _4\"></span>y</div>\n<div class=\"t m1f0 xe hb y55 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">in OC<span class=\"_ _4\"></span>I. The G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p dete<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>mine<span class=\"_ _4\"></span>s the n<span class=\"_ _4\"></span>et inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>e (in<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e) on th<span class=\"_ _4\"></span>e net d<span class=\"_ _4\"></span>e\ufb01ne<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t liabil<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y (as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>) for t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m1f1 xe hb y56 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d by ap<span class=\"_ _4\"></span>ply<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he dis<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>unt r<span class=\"_ _4\"></span>ate us<span class=\"_ _4\"></span>ed to m<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ure t<span class=\"_ _4\"></span>he de<span class=\"_ _4\"></span>\ufb01ne<span class=\"_ _4\"></span>d ben<span class=\"_ _4\"></span>e\ufb01t o<span class=\"_ _4\"></span>blig<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n at th<span class=\"_ _4\"></span>e beg<span class=\"_ _4\"></span>inni<span class=\"_ _4\"></span>ng of th<span class=\"_ _4\"></span>e ann<span class=\"_ _4\"></span>ual</div>\n<div class=\"t m1f2 xe hb y57 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e the<span class=\"_ _4\"></span>n net d<span class=\"_ _4\"></span>e\ufb01ne<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t liabil<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y (as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>), tak<span class=\"_ _4\"></span>ing in<span class=\"_ _4\"></span>to acco<span class=\"_ _4\"></span>unt a<span class=\"_ _4\"></span>ny chan<span class=\"_ _4\"></span>ges i<span class=\"_ _4\"></span>n the n<span class=\"_ _4\"></span>et de<span class=\"_ _4\"></span>\ufb01ne<span class=\"_ _4\"></span>d ben<span class=\"_ _4\"></span>e\ufb01t</div>\n<div class=\"t m1f3 xe hb y58 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y (as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t) d<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he pe<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>od as a r<span class=\"_ _4\"></span>esu<span class=\"_ _4\"></span>lt of co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ib<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>ons a<span class=\"_ _4\"></span>nd be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t pay<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts<span class=\"_ _4\"></span>. Net i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>pen<span class=\"_ _4\"></span>se a<span class=\"_ _4\"></span>nd ot<span class=\"_ _4\"></span>her</div>\n<div class=\"t m8 xe hb y59 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>s rela<span class=\"_ _4\"></span>ted to d<span class=\"_ _4\"></span>e\ufb01n<span class=\"_ _4\"></span>ed be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t pla<span class=\"_ _4\"></span>ns are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>.</div>\n<div class=\"t m164 xe hb y5a ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s of a plan a<span class=\"_ _4\"></span>re ch<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>ed or w<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>n a plan i<span class=\"_ _4\"></span>s cu<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>aile<span class=\"_ _4\"></span>d, the re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>g cha<span class=\"_ _4\"></span>nge in b<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>e\ufb01t t<span class=\"_ _4\"></span>hat re<span class=\"_ _4\"></span>lates t<span class=\"_ _4\"></span>o</div>\n<div class=\"t m1f4 xe hb y5b ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">pas<span class=\"_ _4\"></span>t s<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ice o<span class=\"_ _4\"></span>r the g<span class=\"_ _4\"></span>ain or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s on c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ailm<span class=\"_ _4\"></span>ent i<span class=\"_ _4\"></span>s reco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>sed i<span class=\"_ _4\"></span>mme<span class=\"_ _4\"></span>diat<span class=\"_ _4\"></span>ely in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s. T<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>es</div>\n<div class=\"t m8 xe hb y5c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">gain<span class=\"_ _4\"></span>s and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s on t<span class=\"_ _4\"></span>he se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>tle<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t of a de\ufb01<span class=\"_ _4\"></span>ned b<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>e\ufb01t pl<span class=\"_ _4\"></span>an wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>tle<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t occ<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m0 xe h6 y1fe ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Belgian de\ufb01ned<span class=\"_ _3\"></span> contributio<span class=\"_ _3\"></span>n plans with r<span class=\"_ _3\"></span>eturn guarant<span class=\"_ _3\"></span>eed b<span class=\"_ _1\"></span>y law</div>\n<div class=\"t m1f5 xe hb y60 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Bel<span class=\"_ _4\"></span>gian d<span class=\"_ _4\"></span>e\ufb01n<span class=\"_ _4\"></span>ed co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ib<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>on pl<span class=\"_ _4\"></span>ans ar<span class=\"_ _4\"></span>e su<span class=\"_ _4\"></span>bjec<span class=\"_ _7\"></span>t to th<span class=\"_ _4\"></span>e La<span class=\"_ _4\"></span>w of Ap<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>l 28, 200<span class=\"_ _4\"></span>3 on o<span class=\"_ _4\"></span>ccu<span class=\"_ _4\"></span>pat<span class=\"_ _4\"></span>iona<span class=\"_ _4\"></span>l pe<span class=\"_ _4\"></span>nsio<span class=\"_ _4\"></span>ns (<span class=\"_ _4\"></span>here<span class=\"_ _4\"></span>af<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r \u2018th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y75 ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">WAP<span class=\"_ _4\"></span>\u2019). Acco<span class=\"_ _4\"></span>rdi<span class=\"_ _4\"></span>ng to ar<span class=\"_ _7\"></span>tic<span class=\"_ _4\"></span>le 24 of this L<span class=\"_ _4\"></span>aw, the e<span class=\"_ _4\"></span>mpl<span class=\"_ _4\"></span>oyer has t<span class=\"_ _4\"></span>o guar<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>tee an ave<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ge min<span class=\"_ _4\"></span>imum r<span class=\"_ _4\"></span>etu<span class=\"_ _4\"></span>rn o<span class=\"_ _4\"></span>f 3.7<span class=\"_ _1\"></span>5% on</div>\n<div class=\"t m1f6 xe hb y76 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns an<span class=\"_ _4\"></span>d of 3.25% on e<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>loyer co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ib<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ions a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>his fo<span class=\"_ _4\"></span>r cont<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>bu<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns pai<span class=\"_ _4\"></span>d unt<span class=\"_ _4\"></span>il Dec<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>,</div>\n<div class=\"t m1f7 xe hb y61 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">201<span class=\"_ _1\"></span>5. A<span class=\"_ _4\"></span>s fro<span class=\"_ _4\"></span>m Janu<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y 201<span class=\"_ _1\"></span>6, t<span class=\"_ _4\"></span>he em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>r has to g<span class=\"_ _4\"></span>uar<span class=\"_ _4\"></span>ante<span class=\"_ _4\"></span>e an aver<span class=\"_ _4\"></span>ag<span class=\"_ _4\"></span>e minim<span class=\"_ _4\"></span>um ret<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>n of 1<span class=\"_ _3\"></span>.7<span class=\"_ _1\"></span>5% on b<span class=\"_ _4\"></span>oth e<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>loy<span class=\"ws2\">-</span></div>\n<div class=\"t m114 xe hb y77 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">er an<span class=\"_ _4\"></span>d em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>but<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s (as cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>d by th<span class=\"_ _4\"></span>e La<span class=\"_ _4\"></span>w of Dec<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er 18, 20<span class=\"_ _1\"></span>15)<span class=\"_ _3\"></span>. Thi<span class=\"_ _4\"></span>s guar<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>d minim<span class=\"_ _4\"></span>um ret<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>n</div>\n<div class=\"t m1f8 xe hb y63 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>ally e<span class=\"_ _4\"></span>xcee<span class=\"_ _4\"></span>ds t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>n t<span class=\"_ _4\"></span>hat is n<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>mally g<span class=\"_ _4\"></span>uar<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>d by the i<span class=\"_ _4\"></span>nsu<span class=\"_ _4\"></span>rer. Bec<span class=\"_ _4\"></span>aus<span class=\"_ _4\"></span>e the e<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>loyer ha<span class=\"_ _4\"></span>s to gua<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ntee</div>\n<div class=\"t m144 xe hb y64 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">the s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>utor<span class=\"_ _7\"></span>y mini<span class=\"_ _4\"></span>mum re<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>n o<span class=\"_ _4\"></span>n the<span class=\"_ _4\"></span>se pl<span class=\"_ _4\"></span>ans, no<span class=\"_ _4\"></span>t all ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>uar<span class=\"_ _4\"></span>ial an<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent r<span class=\"_ _4\"></span>isk<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>latin<span class=\"_ _4\"></span>g to the<span class=\"_ _4\"></span>se p<span class=\"_ _4\"></span>lans a<span class=\"_ _4\"></span>re tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1f9 xe hb y65 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e ins<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ance c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>any ma<span class=\"_ _4\"></span>nagin<span class=\"_ _4\"></span>g the p<span class=\"_ _4\"></span>lans<span class=\"_ _4\"></span>. Th<span class=\"_ _4\"></span>eref<span class=\"_ _4\"></span>ore, the<span class=\"_ _4\"></span>se p<span class=\"_ _4\"></span>lans d<span class=\"_ _4\"></span>o not me<span class=\"_ _4\"></span>et th<span class=\"_ _4\"></span>e de\ufb01<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on of a de<span class=\"_ _4\"></span>\ufb01ne<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 xe hb y79 ff1 fs9 fc2 sc0 ls2 ws2c\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n plan u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>er IFRS a<span class=\"_ _4\"></span>nd have to b<span class=\"_ _4\"></span>e cla<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>i\ufb01e<span class=\"_ _4\"></span>d by def<span class=\"_ _4\"></span>aul<span class=\"_ _4\"></span>t as de<span class=\"_ _4\"></span>\ufb01ne<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>ne\ufb01t p<span class=\"_ _4\"></span>lan<span class=\"_ _4\"></span>s. A<span class=\"_ _4\"></span>n ac<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ial c<span class=\"_ _4\"></span>alcu<span class=\"_ _4\"></span>lati<span class=\"_ _4\"></span>on</div>\n<div class=\"t m8 xe hb y1ff ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">has b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n per<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>m<span class=\"_ _4\"></span>ed in a<span class=\"_ _4\"></span>ccor<span class=\"_ _4\"></span>dan<span class=\"_ _4\"></span>ce wi<span class=\"_ _4\"></span>th I<span class=\"_ _4\"></span>AS 1<span class=\"_ _1\"></span>9 b<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n the p<span class=\"_ _4\"></span>roje<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d unit c<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>it me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>d.</div>\n\n<div class=\"t m0 xe h6 y200 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ermination<span class=\"_ _3\"></span> bene\ufb01ts</div>\n<div class=\"t m1fa xe hb y6a ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>er<span class=\"_ _4\"></span>min<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n ben<span class=\"_ _4\"></span>e\ufb01t<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e reco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d as an ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>e whe<span class=\"_ _4\"></span>n the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p is de<span class=\"_ _4\"></span>mon<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ably c<span class=\"_ _4\"></span>omm<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d, wit<span class=\"_ _4\"></span>hou<span class=\"_ _4\"></span>t realis<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ic</div>\n<div class=\"t m1ca xe hb y7b ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">po<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ibili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y or wi<span class=\"_ _4\"></span>thd<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>awal, to a for<span class=\"_ _4\"></span>ma<span class=\"_ _4\"></span>l det<span class=\"_ _4\"></span>aile<span class=\"_ _4\"></span>d pla<span class=\"_ _4\"></span>n to eit<span class=\"_ _4\"></span>her te<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>inate e<span class=\"_ _4\"></span>mpl<span class=\"_ _4\"></span>oyme<span class=\"_ _4\"></span>nt be<span class=\"_ _4\"></span>fore t<span class=\"_ _4\"></span>he no<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>al ret<span class=\"_ _4\"></span>irem<span class=\"_ _4\"></span>ent</div>\n<div class=\"t m8 xe hb y6b ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">date, or to p<span class=\"_ _4\"></span>rovi<span class=\"_ _4\"></span>de te<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>inati<span class=\"_ _4\"></span>on b<span class=\"_ _4\"></span>ene\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s as a re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>t of an of<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>er mad<span class=\"_ _4\"></span>e to en<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>rag<span class=\"_ _4\"></span>e volu<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y re<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>nda<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>. T<span class=\"_ _1\"></span>er<span class=\"_ _4\"></span>min<span class=\"_ _4\"></span>a<span class=\"ws2\">-</span></div>\n<div class=\"t m1fb xe hb y6c ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">tio<span class=\"_ _4\"></span>n be<span class=\"_ _4\"></span>ne\ufb01t<span class=\"_ _4\"></span>s fo<span class=\"_ _4\"></span>r volu<span class=\"_ _4\"></span>nta<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y re<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>nda<span class=\"_ _4\"></span>ncie<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed as a<span class=\"_ _4\"></span>n exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>se if t<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup ha<span class=\"_ _4\"></span>s mad<span class=\"_ _4\"></span>e an of<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>er of volu<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y</div>\n<div class=\"t m1fc xe hb y6d ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">red<span class=\"_ _4\"></span>un<span class=\"_ _4\"></span>dan<span class=\"_ _4\"></span>cy, it is pro<span class=\"_ _4\"></span>bab<span class=\"_ _4\"></span>le t<span class=\"_ _4\"></span>hat th<span class=\"_ _4\"></span>e of<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>r will b<span class=\"_ _4\"></span>e acce<span class=\"_ _4\"></span>pte<span class=\"_ _4\"></span>d, and t<span class=\"_ _4\"></span>he num<span class=\"_ _4\"></span>ber o<span class=\"_ _4\"></span>f acce<span class=\"_ _4\"></span>pt<span class=\"_ _4\"></span>ance<span class=\"_ _4\"></span>s c<span class=\"_ _4\"></span>an be e<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tima<span class=\"_ _4\"></span>ted re<span class=\"_ _4\"></span>liab<span class=\"_ _4\"></span>ly<span class=\"_ _1\"></span>.<span class=\"_ _4\"></span> </div>\n<div class=\"t m1fd xe hb y6e ff1 fs9 fc2 sc0 ls11 wsd\" style=\"z-index: 15;\">If be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s are p<span class=\"_ _4\"></span>ayab<span class=\"_ _4\"></span>le mor<span class=\"_ _4\"></span>e tha<span class=\"_ _4\"></span>n 1<span class=\"_ _1\"></span>2 mo<span class=\"_ _4\"></span>nth<span class=\"_ _4\"></span>s af<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r the r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing d<span class=\"_ _4\"></span>ate, the<span class=\"_ _4\"></span>n the<span class=\"_ _4\"></span>y are di<span class=\"_ _4\"></span>sco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d to t<span class=\"_ _4\"></span>heir p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alue.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 129px; height: 128px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 129px; height: 796px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 129px; height: 1010px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 129px; height: 1010px; 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><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x1 h6 y1d6 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Sho<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t-term e<span class=\"_ _4\"></span>mpl<span class=\"_ _4\"></span>oyee ben<span class=\"_ _4\"></span>e\ufb01t</div>\n<div class=\"t m1fe x1 hb y7f ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">Sho<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t-te<span class=\"_ _4\"></span>rm e<span class=\"_ _4\"></span>mpl<span class=\"_ _4\"></span>oyee b<span class=\"_ _4\"></span>ene\ufb01<span class=\"_ _4\"></span>t ob<span class=\"_ _4\"></span>ligat<span class=\"_ _4\"></span>ions a<span class=\"_ _4\"></span>re mea<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>ed on a<span class=\"_ _4\"></span>n und<span class=\"_ _4\"></span>isc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted b<span class=\"_ _4\"></span>asis a<span class=\"_ _4\"></span>nd ar<span class=\"_ _4\"></span>e exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>sed a<span class=\"_ _4\"></span>s th<span class=\"_ _4\"></span>e relate<span class=\"_ _4\"></span>d</div>\n<div class=\"t m1ff x1 hb y43 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>vi<span class=\"_ _4\"></span>ce is pr<span class=\"_ _4\"></span>ovid<span class=\"_ _4\"></span>ed. A li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed fo<span class=\"_ _4\"></span>r the a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted t<span class=\"_ _4\"></span>o be p<span class=\"_ _4\"></span>aid un<span class=\"_ _4\"></span>der s<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t-ter<span class=\"_ _4\"></span>m c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h bo<span class=\"_ _4\"></span>nus o<span class=\"_ _4\"></span>r</div>\n<div class=\"t m17e x1 hb y80 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>\ufb01t-s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>ing p<span class=\"_ _4\"></span>lans i<span class=\"_ _4\"></span>f th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p has a p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ent l<span class=\"_ _4\"></span>egal o<span class=\"_ _4\"></span>r con<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ive ob<span class=\"_ _4\"></span>ligat<span class=\"_ _4\"></span>ion t<span class=\"_ _4\"></span>o pay th<span class=\"_ _4\"></span>is amo<span class=\"_ _4\"></span>unt a<span class=\"_ _4\"></span>s a res<span class=\"_ _4\"></span>ult of p<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>t</div>\n<div class=\"t m8 x1 hb y81 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>vi<span class=\"_ _4\"></span>ce pro<span class=\"_ _4\"></span>vid<span class=\"_ _4\"></span>ed by t<span class=\"_ _4\"></span>he em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>e, and th<span class=\"_ _4\"></span>e obl<span class=\"_ _4\"></span>igat<span class=\"_ _4\"></span>ion c<span class=\"_ _4\"></span>an b<span class=\"_ _4\"></span>e es<span class=\"_ _4\"></span>tim<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d relia<span class=\"_ _4\"></span>bly.</div>\n\n<div class=\"t m0 x1 h6 y201 ff2 fs4 fc1 sc0 lsd ws58\" style=\"z-index: 15;\">Share<span class=\"_ _4\"></span>-ba<span class=\"_ _4\"></span>sed payment trans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>tions</div>\n<div class=\"t m200 x1 hb y85 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">The g<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ant dat<span class=\"_ _4\"></span>e fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e of opt<span class=\"_ _4\"></span>ions g<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d to emp<span class=\"_ _4\"></span>loyee<span class=\"_ _4\"></span>s is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d as a<span class=\"_ _4\"></span>n emp<span class=\"_ _4\"></span>loyee ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>e, with a c<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m201 x1 hb y86 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">sp<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>ding i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e in eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y, over the p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>es u<span class=\"_ _4\"></span>nco<span class=\"_ _4\"></span>ndit<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>ally b<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>me en<span class=\"_ _4\"></span>tit<span class=\"_ _4\"></span>led to t<span class=\"_ _4\"></span>he o<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>ns.</div>\n<div class=\"t m202 x1 hb y87 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">The a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d as an e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>e is ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to re\ufb02e<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>he ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ual nu<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r of opt<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s for w<span class=\"_ _4\"></span>hich t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d</div>\n<div class=\"t m203 x1 hb y8c ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>vi<span class=\"_ _4\"></span>ce an<span class=\"_ _4\"></span>d non<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>mar<span class=\"_ _4\"></span>ket ves<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng con<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s are ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to be m<span class=\"_ _4\"></span>et, su<span class=\"_ _4\"></span>ch t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he amo<span class=\"_ _4\"></span>unt u<span class=\"_ _4\"></span>ltim<span class=\"_ _4\"></span>atel<span class=\"_ _4\"></span>y reco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d</div>\n<div class=\"t m204 x1 hb y88 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">as an ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>e is ba<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d on t<span class=\"_ _4\"></span>he num<span class=\"_ _4\"></span>be<span class=\"_ _4\"></span>r of awar<span class=\"_ _4\"></span>ds t<span class=\"_ _4\"></span>hat do m<span class=\"_ _4\"></span>eet t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d ser<span class=\"_ _7\"></span>vic<span class=\"_ _4\"></span>e and n<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>-m<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ket per<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>ma<span class=\"_ _4\"></span>nce</div>\n<div class=\"t m8 x1 hb y89 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s at ves<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng date.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 888px; height: 128px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 888px; height: 243px; width: 92%; z-index: 3;\"><br/></div>\n\n\n<div class=\"t m0 x1 h13 y8b ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">k. <span class=\"_ _d7\"> </span><span class=\"ls4c ws52\">PRO<span class=\"_ _1\"></span>VI<span class=\"_ _4\"></span>SIONS</span></div>\n<div class=\"t m8 x1 hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">A prov<span class=\"_ _4\"></span>isi<span class=\"_ _4\"></span>on is re<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n the s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment o<span class=\"_ _4\"></span>f \ufb01nan<span class=\"_ _4\"></span>cial p<span class=\"_ _4\"></span>osi<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p has a l<span class=\"_ _4\"></span>egal o<span class=\"_ _4\"></span>r con<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve ob<span class=\"_ _4\"></span>liga<span class=\"_ _4\"></span>-</div>\n<div class=\"t m205 x1 hb y4c ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">tio<span class=\"_ _4\"></span>n as re<span class=\"_ _4\"></span>sult o<span class=\"_ _4\"></span>f a pas<span class=\"_ _4\"></span>t eve<span class=\"_ _4\"></span>nt, th<span class=\"_ _4\"></span>at ca<span class=\"_ _4\"></span>n be e<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>ed re<span class=\"_ _4\"></span>liabl<span class=\"_ _4\"></span>y and i<span class=\"_ _4\"></span>t is pr<span class=\"_ _4\"></span>ob<span class=\"_ _4\"></span>able t<span class=\"_ _4\"></span>hat a<span class=\"_ _4\"></span>n out<span class=\"_ _7\"></span>\ufb02ow of b<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>\ufb01t<span class=\"_ _4\"></span>s will b<span class=\"_ _4\"></span>e</div>\n<div class=\"t m181 x1 hb y4d ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">re<span class=\"_ _4\"></span>quir<span class=\"_ _4\"></span>ed to s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>tl<span class=\"_ _4\"></span>e th<span class=\"_ _4\"></span>e obli<span class=\"_ _4\"></span>gati<span class=\"_ _4\"></span>on. If t<span class=\"_ _4\"></span>he ef<span class=\"_ _7\"></span>fec<span class=\"_ _4\"></span>t i<span class=\"_ _4\"></span>s mate<span class=\"_ _4\"></span>ria<span class=\"_ _4\"></span>l, provis<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s are d<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>ned b<span class=\"_ _4\"></span>y dis<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>g the e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m8 x1 hb y4e ff1 fs9 fc2 sc0 ls2 ws55\" style=\"z-index: 15;\">fu<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>sh \ufb02o<span class=\"_ _4\"></span>ws at a p<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>-t<span class=\"_ _4\"></span>ax r<span class=\"_ _4\"></span>ate t<span class=\"_ _4\"></span>hat r<span class=\"_ _4\"></span>e\ufb02ec<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>s cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nt mar<span class=\"_ _4\"></span>ket as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>sm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s of t<span class=\"_ _4\"></span>he ti<span class=\"_ _4\"></span>me val<span class=\"_ _4\"></span>ue of mo<span class=\"_ _4\"></span>ney an<span class=\"_ _4\"></span>d, whe<span class=\"_ _4\"></span>re</div>\n<div class=\"t m8 x1 hb y202 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ap<span class=\"_ _4\"></span>pro<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>iate, the r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ci\ufb01<span class=\"_ _4\"></span>c to th<span class=\"_ _4\"></span>e liabi<span class=\"_ _4\"></span>lit<span class=\"_ _4\"></span>y.</div>\n<div class=\"t m0 x1 h6 y203 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Restruc<span class=\"_ _4\"></span>turi<span class=\"_ _4\"></span>ng pro<span class=\"_ _3\"></span>visions</div>\n<div class=\"t m206 x1 hb y52 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">Provi<span class=\"_ _4\"></span>sio<span class=\"_ _4\"></span>ns for r<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing ar<span class=\"_ _4\"></span>e rec<span class=\"_ _4\"></span>ogni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p has a<span class=\"_ _4\"></span>ppr<span class=\"_ _4\"></span>oved a d<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>ailed a<span class=\"_ _4\"></span>nd fo<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>al res<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g pla<span class=\"_ _4\"></span>n,</div>\n<div class=\"t m8 x1 hb y53 ff1 fs9 fc2 sc0 ls2 ws24\" style=\"z-index: 15;\">and t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing ha<span class=\"_ _4\"></span>s eit<span class=\"_ _4\"></span>her co<span class=\"_ _4\"></span>mme<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>d or ha<span class=\"_ _4\"></span>s be<span class=\"_ _4\"></span>en an<span class=\"_ _4\"></span>nou<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>d pub<span class=\"_ _4\"></span>licl<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>. Fu<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>re op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ng cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e not pr<span class=\"_ _4\"></span>o<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y54 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">vided for<span class=\"_ _1\"></span>.</div>\n<div class=\"t m0 x1 h6 y1dd ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Onerous contrac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s</div>\n<div class=\"t m207 x1 hb y57 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">A prov<span class=\"_ _4\"></span>isio<span class=\"_ _4\"></span>n for o<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>ous co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>s reco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d whe<span class=\"_ _4\"></span>n the e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s to be d<span class=\"_ _4\"></span>eri<span class=\"_ _4\"></span>ved by t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up f<span class=\"_ _4\"></span>rom a</div>\n<div class=\"t m8 x1 hb y58 ff1 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t ar<span class=\"_ _4\"></span>e lowe<span class=\"_ _4\"></span>r tha<span class=\"_ _4\"></span>n the u<span class=\"_ _4\"></span>navoid<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t of me<span class=\"_ _4\"></span>eti<span class=\"_ _4\"></span>ng it<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>bliga<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns un<span class=\"_ _4\"></span>der t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>. Th<span class=\"_ _4\"></span>e prov<span class=\"_ _4\"></span>isio<span class=\"_ _4\"></span>n is me<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y59 ff1 fs9 fc2 sc0 ls2 ws3a\" style=\"z-index: 15;\">ure<span class=\"_ _4\"></span>d at th<span class=\"_ _4\"></span>e pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nt val<span class=\"_ _4\"></span>ue of th<span class=\"_ _4\"></span>e lowe<span class=\"_ _4\"></span>r of th<span class=\"_ _4\"></span>e exp<span class=\"_ _4\"></span>ec<span class=\"_ _7\"></span>ted co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t of ter<span class=\"_ _4\"></span>min<span class=\"_ _4\"></span>atin<span class=\"_ _4\"></span>g the c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t and t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d net c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t</div>\n<div class=\"t m208 x1 hb y5a ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">of co<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>uing w<span class=\"_ _4\"></span>ith t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>t. Be<span class=\"_ _4\"></span>fore a p<span class=\"_ _4\"></span>rovi<span class=\"_ _4\"></span>sio<span class=\"_ _4\"></span>n is rec<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>ed, t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>es any i<span class=\"_ _4\"></span>mpai<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>ent l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s on t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m8 x1 hb y5b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>d wit<span class=\"_ _4\"></span>h tha<span class=\"_ _4\"></span>t cont<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 509px; height: 350px; width: 92%; z-index: 3;\"><br/></div>\n\n\n<div class=\"t m0 x1 h13 y5e ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">L<span class=\"_ _4\"></span>. <span class=\"_ _d8\"> </span><span class=\"ls51 ws59\">INC<span class=\"_ _3\"></span>OME</span></div>\n<div class=\"t m0 x1 h6 y1df ff2 fs4 fc1 sc0 ls4d ws53\" style=\"z-index: 15;\">Charter rev<span class=\"_ _1\"></span>enue</div>\n<div class=\"t m209 x1 hb y76 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e com<span class=\"_ _4\"></span>pany a<span class=\"_ _4\"></span>nd/ o<span class=\"_ _4\"></span>r it<span class=\"_ _4\"></span>s joi<span class=\"_ _4\"></span>nt ven<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>es ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>ate r<span class=\"_ _4\"></span>evenu<span class=\"_ _4\"></span>es f<span class=\"_ _4\"></span>rom c<span class=\"_ _4\"></span>har<span class=\"_ _7\"></span>ter<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s for t<span class=\"_ _4\"></span>he us<span class=\"_ _4\"></span>e of it<span class=\"_ _4\"></span>s as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s. A<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>re ch<span class=\"_ _4\"></span>ar<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y61 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">tere<span class=\"_ _4\"></span>d us<span class=\"_ _4\"></span>ing voya<span class=\"_ _4\"></span>ge/sp<span class=\"_ _4\"></span>ot, ti<span class=\"_ _4\"></span>me or b<span class=\"_ _4\"></span>are<span class=\"_ _4\"></span>boa<span class=\"_ _4\"></span>t char<span class=\"_ _7\"></span>ter<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd po<span class=\"_ _4\"></span>ol reve<span class=\"_ _4\"></span>nue:</div>\n<div class=\"t m8 x1 hb y1d5 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m20a x3b hb y77 ff2 fs9 fc2 sc0 ls1f ws12\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>oyage/<span class=\"_ _3\"></span>spot char<span class=\"_ _4\"></span>ters<span class=\"ff1 ls19 wsb\">: Voyage reve<span class=\"_ _4\"></span>nue is r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnize<span class=\"_ _4\"></span>d over t<span class=\"_ _4\"></span>ime of s<span class=\"_ _4\"></span>pot c<span class=\"_ _4\"></span>har<span class=\"_ _7\"></span>ter<span class=\"_ _4\"></span>s on a l<span class=\"_ _4\"></span>oad<span class=\"_ _4\"></span>-to<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>di<span class=\"_ _4\"></span>sc<span class=\"_ _4\"></span>harg<span class=\"_ _4\"></span>e bas<span class=\"_ _4\"></span>is. <span class=\"_ _d9\"></span> </span></div>\n<div class=\"t m20b x3b hb y63 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Pro<span class=\"_ _4\"></span>gre<span class=\"_ _4\"></span>ss i<span class=\"_ _4\"></span>s dete<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>mine<span class=\"_ _4\"></span>d on t<span class=\"_ _4\"></span>ime el<span class=\"_ _4\"></span>aps<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>.  V<span class=\"_ _3\"></span>oyag<span class=\"_ _4\"></span>e exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>ses a<span class=\"_ _4\"></span>re ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ed as o<span class=\"_ _4\"></span>cc<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>red.  W<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>n ou<span class=\"_ _4\"></span>r ves<span class=\"_ _4\"></span>sel<span class=\"_ _4\"></span>s ca<span class=\"_ _4\"></span>nno<span class=\"_ _4\"></span>t</div>\n<div class=\"t m8 x3b hb y64 ff1 fs9 fc2 sc0 ls2 ws1c\" style=\"z-index: 15;\">s<span class=\"_ _4\"></span>tar<span class=\"_ _7\"></span>t or c<span class=\"_ _4\"></span>onti<span class=\"_ _4\"></span>nue p<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>min<span class=\"_ _4\"></span>g it<span class=\"_ _4\"></span>s ob<span class=\"_ _4\"></span>ligat<span class=\"_ _4\"></span>ion d<span class=\"_ _4\"></span>ue to ot<span class=\"_ _4\"></span>her f<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>s, suc<span class=\"_ _4\"></span>h as p<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t d<span class=\"_ _4\"></span>elay<span class=\"_ _4\"></span>s, a de<span class=\"_ _4\"></span>mur<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>age is c<span class=\"_ _4\"></span>alc<span class=\"_ _4\"></span>ula<span class=\"_ _4\"></span>ted. <span class=\"_ _d9\"></span> </div>\n<div class=\"t m20c x3b hb y65 ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">The a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>lic<span class=\"_ _4\"></span>able d<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>rag<span class=\"_ _4\"></span>e r<span class=\"_ _4\"></span>ate is s<span class=\"_ _4\"></span>tip<span class=\"_ _4\"></span>ulate<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>. As d<span class=\"_ _4\"></span>emu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ag<span class=\"_ _4\"></span>e is of<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>n a com<span class=\"_ _4\"></span>mer<span class=\"_ _4\"></span>cial di<span class=\"_ _4\"></span>sc<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>sio<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 x3b hb y79 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">bet<span class=\"_ _7\"></span>wee<span class=\"_ _4\"></span>n E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R and t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>har<span class=\"_ _7\"></span>tere<span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>, th<span class=\"_ _4\"></span>e out<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e and to<span class=\"_ _4\"></span>tal c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>sat<span class=\"_ _4\"></span>ion r<span class=\"_ _4\"></span>ecei<span class=\"_ _4\"></span>vab<span class=\"_ _4\"></span>le for t<span class=\"_ _4\"></span>he d<span class=\"_ _4\"></span>elay is n<span class=\"_ _4\"></span>ot alw<span class=\"_ _4\"></span>ays</div>\n<div class=\"t m208 x3b hb y66 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">cer<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>ain.  A<span class=\"_ _4\"></span>s su<span class=\"_ _4\"></span>ch, E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R onl<span class=\"_ _4\"></span>y rec<span class=\"_ _4\"></span>ogni<span class=\"_ _4\"></span>zes t<span class=\"_ _4\"></span>he reve<span class=\"_ _4\"></span>nue w<span class=\"_ _4\"></span>hich i<span class=\"_ _4\"></span>s high<span class=\"_ _4\"></span>ly pro<span class=\"_ _4\"></span>ba<span class=\"_ _4\"></span>ble to b<span class=\"_ _4\"></span>e re<span class=\"_ _4\"></span>ceive<span class=\"_ _4\"></span>d.  No r<span class=\"_ _4\"></span>evenu<span class=\"_ _4\"></span>e is</div>\n<div class=\"t m20d x3b hb y67 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">rec<span class=\"_ _4\"></span>ogni<span class=\"_ _4\"></span>zed if t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>llec<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of the c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ion i<span class=\"_ _4\"></span>s not high<span class=\"_ _4\"></span>ly pro<span class=\"_ _4\"></span>ba<span class=\"_ _4\"></span>ble.  Th<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt of reve<span class=\"_ _4\"></span>nue r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnize<span class=\"_ _4\"></span>d is</div>\n<div class=\"t m8 x3b hb y68 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n his<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>al dat<span class=\"_ _4\"></span>a.  T<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up up<span class=\"_ _4\"></span>da<span class=\"_ _4\"></span>tes it<span class=\"_ _4\"></span>s e<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tima<span class=\"_ _4\"></span>te on an a<span class=\"_ _4\"></span>nnu<span class=\"_ _4\"></span>al bas<span class=\"_ _4\"></span>is.</div>\n<div class=\"t m8 x1 hb y7a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m160 x3b hb y69 ff2 fs9 fc2 sc0 ls35 ws17\" style=\"z-index: 15;\">Time<span class=\"_ _4\"></span>- and<span class=\"_ _3\"></span> Bareboat charters<span class=\"ff1 ls2 wsd\">: A<span class=\"_ _4\"></span>s a les<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>or<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up le<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>s ou<span class=\"_ _4\"></span>t som<span class=\"_ _4\"></span>e of it<span class=\"_ _4\"></span>s ves<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>els u<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r tim<span class=\"_ _4\"></span>e \u2013 and b<span class=\"_ _4\"></span>are<span class=\"_ _4\"></span>boa<span class=\"_ _4\"></span>t </span></div>\n<div class=\"t m20e x3b hb y6a ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">cha<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>rs (s<span class=\"_ _4\"></span>ee al<span class=\"_ _4\"></span>so l<span class=\"_ _4\"></span>) Leas<span class=\"_ _4\"></span>es). For ti<span class=\"_ _4\"></span>me or b<span class=\"_ _4\"></span>are<span class=\"_ _4\"></span>bo<span class=\"_ _4\"></span>at cha<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>rs, a c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t is e<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>d int<span class=\"_ _4\"></span>o for t<span class=\"_ _4\"></span>he us<span class=\"_ _4\"></span>e of an as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et for</div>\n<div class=\"t m20f x3b hb y7b ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">a sp<span class=\"_ _4\"></span>eci<span class=\"_ _4\"></span>\ufb01c pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d of ti<span class=\"_ _4\"></span>me at a co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ual ag<span class=\"_ _4\"></span>ree<span class=\"_ _4\"></span>d dail<span class=\"_ _4\"></span>y or mon<span class=\"_ _4\"></span>thl<span class=\"_ _4\"></span>y rate.  Reve<span class=\"_ _4\"></span>nue f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>ime o<span class=\"_ _4\"></span>r bare<span class=\"_ _4\"></span>bo<span class=\"_ _4\"></span>at cha<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>rs</div>\n<div class=\"t m8 x3b hb y6b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">are ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d for as o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ing l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed over t<span class=\"_ _4\"></span>he d<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n as s<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ice is p<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m8 x1 hb y204 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m210 x3b hb y6c ff2 fs9 fc2 sc0 ls1f ws27\" style=\"z-index: 15;\">Pool<span class=\"_ _1\"></span> revenue<span class=\"ff1 ls2 wsc\">: Aggre<span class=\"_ _4\"></span>gate<span class=\"_ _4\"></span>d reve<span class=\"_ _4\"></span>nue re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d on a dai<span class=\"_ _4\"></span>ly ba<span class=\"_ _4\"></span>sis f<span class=\"_ _4\"></span>rom ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>els o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ing o<span class=\"_ _4\"></span>n voyag<span class=\"_ _4\"></span>e or ti<span class=\"_ _4\"></span>me cha<span class=\"_ _4\"></span>r<span class=\"ws2\">-</span></span></div>\n<div class=\"t m8 x3b hb y6d ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">ter a<span class=\"_ _4\"></span>nd co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t of a<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fr<span class=\"_ _4\"></span>eigh<span class=\"_ _4\"></span>tme<span class=\"_ _4\"></span>nt (\u201cC<span class=\"_ _3\"></span>OA<span class=\"_ _1\"></span>\u201d) wit<span class=\"_ _4\"></span>hin th<span class=\"_ _4\"></span>e po<span class=\"_ _4\"></span>ol is co<span class=\"_ _4\"></span>nver<span class=\"_ _7\"></span>ted i<span class=\"_ _4\"></span>nto an ag<span class=\"_ _4\"></span>gre<span class=\"_ _4\"></span>gate<span class=\"_ _4\"></span>d net r<span class=\"_ _4\"></span>evenu<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt</div>\n<div class=\"t m211 x3b hb y6e ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">by ex<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g aggr<span class=\"_ _4\"></span>ega<span class=\"_ _4\"></span>ted voy<span class=\"_ _4\"></span>age ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es (su<span class=\"_ _4\"></span>ch a<span class=\"_ _4\"></span>s fue<span class=\"_ _4\"></span>l con<span class=\"_ _4\"></span>sum<span class=\"_ _4\"></span>pti<span class=\"_ _4\"></span>on, por<span class=\"_ _7\"></span>t c<span class=\"_ _4\"></span>harg<span class=\"_ _4\"></span>es,..<span class=\"_ _1\"></span>) f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m gros<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>venu<span class=\"_ _4\"></span>e.  This</div>\n<div class=\"t m212 x3b hb y6f ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">net re<span class=\"_ _4\"></span>venu<span class=\"_ _4\"></span>e is us<span class=\"_ _4\"></span>ed to d<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>ne th<span class=\"_ _4\"></span>e po<span class=\"_ _4\"></span>ol Ti<span class=\"_ _4\"></span>me Cha<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r Equi<span class=\"_ _4\"></span>vale<span class=\"_ _4\"></span>nt reve<span class=\"_ _4\"></span>nue (\u201cTCE<span class=\"_ _3\"></span>\u201d).  Aggre<span class=\"_ _4\"></span>gate TCE reve<span class=\"_ _4\"></span>nue</div>\n<div class=\"t m213 x3b hb y70 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">is us<span class=\"_ _4\"></span>ed to a<span class=\"_ _4\"></span>lloc<span class=\"_ _4\"></span>ate r<span class=\"_ _4\"></span>evenu<span class=\"_ _4\"></span>e to th<span class=\"_ _4\"></span>e po<span class=\"_ _4\"></span>ol par<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>s in ac<span class=\"_ _4\"></span>cor<span class=\"_ _4\"></span>dan<span class=\"_ _4\"></span>ce wi<span class=\"_ _4\"></span>th t<span class=\"_ _4\"></span>he allo<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>ted p<span class=\"_ _4\"></span>ool p<span class=\"_ _4\"></span>oin<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s ear<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>d for eac<span class=\"_ _4\"></span>h</div>\n<div class=\"t m8 x3b hb y71 ff1 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>l.  Pool poi<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s are d<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>ned t<span class=\"_ _4\"></span>ak<span class=\"_ _4\"></span>ing i<span class=\"_ _4\"></span>nto ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nt the f<span class=\"_ _4\"></span>ollow<span class=\"_ _4\"></span>ing p<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ame<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>s: int<span class=\"_ _4\"></span>ake (= cap<span class=\"_ _4\"></span>aci<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y of th<span class=\"_ _4\"></span>e ves<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 80px; height: 399px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 80px; height: 1051px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 80px; height: 1051px; 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 class=\"t m214 x3f hb y42 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">se<span class=\"_ _4\"></span>l), spe<span class=\"_ _4\"></span>ed, f<span class=\"_ _4\"></span>uel co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>umpt<span class=\"_ _4\"></span>ion p<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>man<span class=\"_ _4\"></span>ce an<span class=\"_ _4\"></span>d ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ual on hi<span class=\"_ _4\"></span>re days<span class=\"_ _4\"></span>.   Th<span class=\"_ _4\"></span>e TCE revenue ea<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ned by o<span class=\"_ _4\"></span>ur ves<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>els</div>\n<div class=\"t m215 x3f hb y7e ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e po<span class=\"_ _4\"></span>ol is e<span class=\"_ _4\"></span>qua<span class=\"_ _4\"></span>l to the p<span class=\"_ _4\"></span>oo<span class=\"_ _4\"></span>l poi<span class=\"_ _4\"></span>nt r<span class=\"_ _4\"></span>atin<span class=\"_ _4\"></span>g of eac<span class=\"_ _4\"></span>h ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>l mult<span class=\"_ _4\"></span>ipl<span class=\"_ _4\"></span>ied by t<span class=\"_ _4\"></span>ime o<span class=\"_ _4\"></span>n hire, as re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d by</div>\n<div class=\"t m18a x3f hb y7f ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">the p<span class=\"_ _4\"></span>oo<span class=\"_ _4\"></span>l mana<span class=\"_ _4\"></span>ger<span class=\"_ _3\"></span>.  Revenu<span class=\"_ _4\"></span>e fr<span class=\"_ _4\"></span>om th<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>e \ufb02oat<span class=\"_ _4\"></span>ing ti<span class=\"_ _4\"></span>me ch<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r agre<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s un<span class=\"_ _4\"></span>der w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ls are e<span class=\"_ _4\"></span>mpl<span class=\"_ _4\"></span>oyed by</div>\n<div class=\"t m8 x3f hb y43 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e poo<span class=\"_ _4\"></span>l is ac<span class=\"_ _4\"></span>coun<span class=\"_ _4\"></span>ted fo<span class=\"_ _4\"></span>r und<span class=\"_ _4\"></span>er IFR<span class=\"_ _4\"></span>S 1<span class=\"_ _1\"></span>5 Reve<span class=\"_ _4\"></span>nue f<span class=\"_ _4\"></span>rom c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s wit<span class=\"_ _4\"></span>h cu<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tome<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>.</div>\n<div class=\"t m0 xe h6 y1b4 ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Re<span class=\"_ _3\"></span>venue<span class=\"_ _1\"></span> from ser<span class=\"_ _4\"></span>vices rendered</div>\n<div class=\"t m8 xe hb y83 ff1 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">Reven<span class=\"_ _4\"></span>ue fr<span class=\"_ _4\"></span>om s<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s suc<span class=\"_ _4\"></span>h as s<span class=\"_ _4\"></span>hip ma<span class=\"_ _4\"></span>nage<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t, eng<span class=\"_ _4\"></span>ine<span class=\"_ _4\"></span>eri<span class=\"_ _4\"></span>ng an<span class=\"_ _4\"></span>d tec<span class=\"_ _4\"></span>hnic<span class=\"_ _4\"></span>al as<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>nce s<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in</div>\n<div class=\"t m216 xe hb y84 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment ov<span class=\"_ _4\"></span>er tim<span class=\"_ _4\"></span>e as t<span class=\"_ _4\"></span>he se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>vi<span class=\"_ _4\"></span>ces a<span class=\"_ _4\"></span>re pr<span class=\"_ _4\"></span>ovid<span class=\"_ _4\"></span>ed. T<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>tom<span class=\"_ _4\"></span>er si<span class=\"_ _4\"></span>mult<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>eou<span class=\"_ _4\"></span>sly r<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>ives a<span class=\"_ _4\"></span>nd co<span class=\"_ _4\"></span>n<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m217 xe hb y85 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">su<span class=\"_ _4\"></span>mes t<span class=\"_ _4\"></span>he be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s prov<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>d by t<span class=\"_ _4\"></span>he ent<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>\u2019s per<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>man<span class=\"_ _4\"></span>ce as t<span class=\"_ _4\"></span>he ent<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>ms (re<span class=\"_ _4\"></span>cur<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ing s<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s). Invoices a<span class=\"_ _4\"></span>nd</div>\n<div class=\"t m8 xe hb y86 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rela<span class=\"_ _4\"></span>ted p<span class=\"_ _4\"></span>ayme<span class=\"_ _4\"></span>nt te<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>s de<span class=\"_ _4\"></span>pen<span class=\"_ _4\"></span>d on i<span class=\"_ _4\"></span>ndiv<span class=\"_ _4\"></span>id<span class=\"_ _4\"></span>ual co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ual te<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m0 xe h6 y205 ff2 fs4 fc1 sc0 ls48 ws4c\" style=\"z-index: 15;\">Licens<span class=\"_ _4\"></span>e income</div>\n<div class=\"t m218 xe hb y89 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Reven<span class=\"_ _4\"></span>ue f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>he lic<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>ing of E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR<span class=\"_ _4\"></span>\u2019s intell<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ual pr<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _7\"></span>y is in g<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>l reco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d over ti<span class=\"_ _4\"></span>me to<span class=\"_ _4\"></span>get<span class=\"_ _4\"></span>her w<span class=\"_ _4\"></span>ith t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m8 xe hb y8a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">und<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>lyi<span class=\"_ _4\"></span>ng se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ices r<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>d ba<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d on ti<span class=\"_ _4\"></span>me an<span class=\"_ _4\"></span>d mater<span class=\"_ _4\"></span>ial s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nt. I<span class=\"_ _4\"></span>n ca<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>he lice<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>e reven<span class=\"_ _4\"></span>ue is co<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>der<span class=\"_ _4\"></span>ed di<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tinc<span class=\"_ _7\"></span>t</div>\n<div class=\"t m219 xe hb yd8 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">and d<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t wi<span class=\"_ _4\"></span>thin t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ontex<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rac<span class=\"_ _7\"></span>t, th<span class=\"_ _4\"></span>is reve<span class=\"_ _4\"></span>nue wi<span class=\"_ _4\"></span>ll be re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d at th<span class=\"_ _4\"></span>e poi<span class=\"_ _4\"></span>nt in ti<span class=\"_ _4\"></span>me w<span class=\"_ _4\"></span>hen E<span class=\"_ _4\"></span>X<span class=\"_ _4\"></span>MAR</div>\n<div class=\"t m8 xe hb y8b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">sa<span class=\"_ _4\"></span>tis<span class=\"_ _4\"></span>\ufb01es t<span class=\"_ _4\"></span>he p<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>ma<span class=\"_ _4\"></span>nce ob<span class=\"_ _4\"></span>liga<span class=\"_ _4\"></span>tion a<span class=\"_ _4\"></span>nd co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ol is t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e cus<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>mer.</div>\n<div class=\"t m0 xe h6 y206 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Gai<span class=\"_ _4\"></span>n on s<span class=\"_ _4\"></span>ale o<span class=\"_ _4\"></span>f as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts</div>\n<div class=\"t m21a xe hb y4d ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">Gain o<span class=\"_ _4\"></span>n the s<span class=\"_ _4\"></span>ale o<span class=\"_ _4\"></span>f as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s (ves<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>els a<span class=\"_ _4\"></span>nd bar<span class=\"_ _4\"></span>ges) i<span class=\"_ _4\"></span>s reco<span class=\"_ _4\"></span>gniz<span class=\"_ _4\"></span>ed in t<span class=\"_ _4\"></span>he pr<span class=\"_ _4\"></span>o\ufb01t or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t whe<span class=\"_ _4\"></span>n con<span class=\"_ _4\"></span>trol o<span class=\"_ _4\"></span>f the</div>\n<div class=\"t m21b xe hb y4e ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">go<span class=\"_ _4\"></span>ods u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>erl<span class=\"_ _4\"></span>yin<span class=\"_ _4\"></span>g the p<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>icu<span class=\"_ _4\"></span>lar pe<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>fo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>manc<span class=\"_ _4\"></span>e obli<span class=\"_ _4\"></span>gati<span class=\"_ _4\"></span>on is t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e cus<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>mer<span class=\"_ _1\"></span>, w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h in ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>al is a<span class=\"_ _4\"></span>t the</div>\n<div class=\"t m21c xe hb y72 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">mom<span class=\"_ _4\"></span>ent of d<span class=\"_ _4\"></span>eli<span class=\"_ _4\"></span>ver<span class=\"_ _4\"></span>y of t<span class=\"_ _4\"></span>he ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>el or b<span class=\"_ _4\"></span>arg<span class=\"_ _4\"></span>e to th<span class=\"_ _4\"></span>e cus<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>mer. Invoices a<span class=\"_ _4\"></span>nd re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d pay<span class=\"_ _4\"></span>ment t<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ms de<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nd o<span class=\"_ _4\"></span>n ind<span class=\"_ _4\"></span>i<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y4f ff1 fs9 fc2 sc0 ls17 ws2c\" style=\"z-index: 15;\">vidual co<span class=\"_ _4\"></span>ntra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tual ter<span class=\"_ _4\"></span>ms.</div>\n<div class=\"t m0 xe h6 y207 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Revenu<span class=\"_ _4\"></span>e fro<span class=\"_ _4\"></span>m sa<span class=\"_ _4\"></span>le of go<span class=\"_ _4\"></span>ods</div>\n<div class=\"t m1b1 xe hb y53 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s w<span class=\"_ _4\"></span>ith c<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>mer<span class=\"_ _4\"></span>s to s<span class=\"_ _4\"></span>ell go<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>s have on<span class=\"_ _4\"></span>ly on<span class=\"_ _4\"></span>e per<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>ma<span class=\"_ _4\"></span>nce o<span class=\"_ _4\"></span>blig<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n. Reven<span class=\"_ _4\"></span>ue re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on oc<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>rs at a</div>\n<div class=\"t m8 xe hb y54 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">poi<span class=\"_ _4\"></span>nt in t<span class=\"_ _4\"></span>ime w<span class=\"_ _4\"></span>hen c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rol of t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t is tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>sf<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>red t<span class=\"_ _4\"></span>o the c<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>mer<span class=\"_ _1\"></span>, i<span class=\"_ _4\"></span>n gen<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>al up<span class=\"_ _4\"></span>on t<span class=\"_ _4\"></span>he de<span class=\"_ _4\"></span>liver<span class=\"_ _7\"></span>y of go<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m0 xe h6 y1dd ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Manufac<span class=\"_ _4\"></span>turing projec<span class=\"_ _4\"></span>t revenue</div>\n<div class=\"t m21d xe hb y57 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">For reve<span class=\"_ _4\"></span>nue o<span class=\"_ _4\"></span>ut of ma<span class=\"_ _4\"></span>nuf<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing p<span class=\"_ _4\"></span>rojec<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>s, the p<span class=\"_ _4\"></span>erc<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>age o<span class=\"_ _4\"></span>f com<span class=\"_ _4\"></span>plet<span class=\"_ _4\"></span>ion me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>d is us<span class=\"_ _4\"></span>ed, p<span class=\"_ _4\"></span>rovid<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he ou<span class=\"_ _4\"></span>t<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y58 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>e of th<span class=\"_ _4\"></span>e proj<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t c<span class=\"_ _4\"></span>an b<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ed w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h reas<span class=\"_ _4\"></span>ona<span class=\"_ _4\"></span>ble ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>.</div>\n\n<div class=\"t m0 xe h6 y1b7 ff2 fs4 fc1 sc0 ls4d ws53\" style=\"z-index: 15;\">Commissions</div>\n<div class=\"t m180 xe hb y5c ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">if t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>n the c<span class=\"_ _4\"></span>ap<span class=\"_ _4\"></span>aci<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y of an ag<span class=\"_ _4\"></span>ent r<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>han as a p<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>pal in t<span class=\"_ _4\"></span>he tr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>nsa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n, the<span class=\"_ _4\"></span>n the re<span class=\"_ _4\"></span>venue r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>g<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">nis<span class=\"_ _4\"></span>ed is t<span class=\"_ _4\"></span>he ne<span class=\"_ _4\"></span>t amo<span class=\"_ _4\"></span>unt of co<span class=\"_ _4\"></span>mmi<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ion r<span class=\"_ _4\"></span>ealize<span class=\"_ _4\"></span>d by th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 476px; height: 61px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 476px; height: 663px; width: 92%; z-index: 3;\"><br/></div>\n\n\n<div class=\"t m0 xe h13 y60 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">M. <span class=\"_ _b8\"> </span><span class=\"ls52 ws5a\">LEA<span class=\"_ _4\"></span>SES</span></div>\n<div class=\"t me5 xe hb y76 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">At inc<span class=\"_ _4\"></span>ept<span class=\"_ _4\"></span>ion of a co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>t, th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>her a c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rac<span class=\"_ _7\"></span>t is, or c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ain<span class=\"_ _4\"></span>s, a leas<span class=\"_ _4\"></span>e. A cont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t is, o<span class=\"_ _4\"></span>r cont<span class=\"_ _4\"></span>ain<span class=\"_ _4\"></span>s,</div>\n<div class=\"t m1a2 xe hb y61 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">a leas<span class=\"_ _4\"></span>e if t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>t convey<span class=\"_ _4\"></span>s th<span class=\"_ _4\"></span>e rig<span class=\"_ _4\"></span>ht to co<span class=\"_ _4\"></span>ntro<span class=\"_ _4\"></span>l th<span class=\"_ _4\"></span>e use of a<span class=\"_ _4\"></span>n id<span class=\"_ _4\"></span>enti<span class=\"_ _4\"></span>\ufb01ed a<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>set fo<span class=\"_ _4\"></span>r a pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d of ti<span class=\"_ _4\"></span>me in exc<span class=\"_ _4\"></span>ha<span class=\"_ _4\"></span>nge</div>\n<div class=\"t m8 xe hb y77 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">for consideration.</div>\n<div class=\"t m0 xe h6 y208 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s a les<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>e</div>\n<div class=\"t m21e xe hb y79 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">At com<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>ment o<span class=\"_ _4\"></span>r on mo<span class=\"_ _4\"></span>di<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n of a con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>hat co<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>ains a l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e com<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>nent<span class=\"_ _4\"></span>, the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p alloc<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>es th<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y66 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">sid<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on in t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>o each l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e com<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>nent o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e bas<span class=\"_ _4\"></span>is of it<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>lati<span class=\"_ _4\"></span>ve s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>- alo<span class=\"_ _4\"></span>ne pr<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m21f xe hb y67 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p rec<span class=\"_ _4\"></span>og<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>s a ri<span class=\"_ _4\"></span>ght-<span class=\"_ _4\"></span>of-<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set a<span class=\"_ _4\"></span>nd a lea<span class=\"_ _4\"></span>se li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y at t<span class=\"_ _4\"></span>he lea<span class=\"_ _4\"></span>se co<span class=\"_ _4\"></span>mme<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt date. T<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>ight-<span class=\"_ _4\"></span>of-<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>e</div>\n<div class=\"t m220 xe hb y68 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set i<span class=\"_ _4\"></span>s init<span class=\"_ _4\"></span>ially m<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>red a<span class=\"_ _4\"></span>t cos<span class=\"_ _4\"></span>t, w<span class=\"_ _4\"></span>hich co<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>ris<span class=\"_ _4\"></span>es t<span class=\"_ _4\"></span>he ini<span class=\"_ _4\"></span>tial a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e leas<span class=\"_ _4\"></span>e liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d for any l<span class=\"_ _4\"></span>ease</div>\n<div class=\"t m221 xe hb y69 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">pay<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s mad<span class=\"_ _4\"></span>e at or b<span class=\"_ _4\"></span>efor<span class=\"_ _4\"></span>e the c<span class=\"_ _4\"></span>omm<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt dat<span class=\"_ _4\"></span>e, plus any i<span class=\"_ _4\"></span>nitia<span class=\"_ _4\"></span>l dire<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t co<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>ncu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>nd an e<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>e of cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s</div>\n<div class=\"t m222 xe hb y6a ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">to dis<span class=\"_ _4\"></span>ma<span class=\"_ _4\"></span>ntle a<span class=\"_ _4\"></span>nd re<span class=\"_ _4\"></span>move th<span class=\"_ _4\"></span>e und<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>lyi<span class=\"_ _4\"></span>ng as<span class=\"_ _4\"></span>set o<span class=\"_ _4\"></span>r to re<span class=\"_ _4\"></span>sto<span class=\"_ _4\"></span>re t<span class=\"_ _4\"></span>he und<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>lyi<span class=\"_ _4\"></span>ng as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t or th<span class=\"_ _4\"></span>e site o<span class=\"_ _4\"></span>n wh<span class=\"_ _4\"></span>ich i<span class=\"_ _4\"></span>t is loc<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d,</div>\n<div class=\"t m8 xe hb y7b ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">less any lease incentives received.</div>\n<div class=\"t m223 xe hb y6b ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e rig<span class=\"_ _4\"></span>ht-o<span class=\"_ _4\"></span>f-u<span class=\"_ _4\"></span>se a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et is s<span class=\"_ _4\"></span>ubs<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>ue<span class=\"_ _4\"></span>ntly d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>d usi<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e st<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ight-<span class=\"_ _4\"></span>line me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>d f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>mme<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t date</div>\n<div class=\"t m8 xe hb y6c ff1 fs9 fc2 sc0 ls2 ws24\" style=\"z-index: 15;\">to th<span class=\"_ _4\"></span>e end o<span class=\"_ _4\"></span>f the l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e ter<span class=\"_ _4\"></span>m, unle<span class=\"_ _4\"></span>ss t<span class=\"_ _4\"></span>he le<span class=\"_ _4\"></span>ase t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>s ow<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>hip of t<span class=\"_ _4\"></span>he un<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>rly<span class=\"_ _4\"></span>ing a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et to t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up by t<span class=\"_ _4\"></span>he en<span class=\"_ _4\"></span>d</div>\n<div class=\"t m224 xe hb y6d ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e leas<span class=\"_ _4\"></span>e ter<span class=\"_ _4\"></span>m or t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>st o<span class=\"_ _4\"></span>f the r<span class=\"_ _4\"></span>igh<span class=\"_ _4\"></span>t-of-<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t re\ufb02e<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s tha<span class=\"_ _4\"></span>t the G<span class=\"_ _4\"></span>roup w<span class=\"_ _4\"></span>ill exer<span class=\"_ _4\"></span>cis<span class=\"_ _4\"></span>e a pur<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>se op<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n. In tha<span class=\"_ _4\"></span>t</div>\n<div class=\"t m8 xe hb y6e ff1 fs9 fc2 sc0 ls2 ws4e\" style=\"z-index: 15;\">ca<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>ight-<span class=\"_ _4\"></span>of-<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set w<span class=\"_ _4\"></span>ill be d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>d over t<span class=\"_ _4\"></span>he us<span class=\"_ _4\"></span>efu<span class=\"_ _4\"></span>l life of t<span class=\"_ _4\"></span>he un<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>rly<span class=\"_ _4\"></span>ing a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et, w<span class=\"_ _4\"></span>hich i<span class=\"_ _4\"></span>s det<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>mine<span class=\"_ _4\"></span>d on</div>\n<div class=\"t m225 xe hb y6f ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e sam<span class=\"_ _4\"></span>e bas<span class=\"_ _4\"></span>is as t<span class=\"_ _4\"></span>hos<span class=\"_ _4\"></span>e of pr<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _7\"></span>y and e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>pme<span class=\"_ _4\"></span>nt. I<span class=\"_ _4\"></span>n ad<span class=\"_ _4\"></span>diti<span class=\"_ _4\"></span>on, th<span class=\"_ _4\"></span>e rig<span class=\"_ _4\"></span>ht-o<span class=\"_ _4\"></span>f-u<span class=\"_ _4\"></span>se a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et is p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>ally re<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>ced by</div>\n<div class=\"t m8 xe hb y70 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es, if a<span class=\"_ _4\"></span>ny<span class=\"_ _1\"></span>, an<span class=\"_ _4\"></span>d adj<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>ted f<span class=\"_ _4\"></span>or cer<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>ain re<span class=\"_ _4\"></span>meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s of th<span class=\"_ _4\"></span>e leas<span class=\"_ _4\"></span>e liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y.</div>\n<div class=\"t m226 xe hb y71 ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e leas<span class=\"_ _4\"></span>e liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y is i<span class=\"_ _4\"></span>nit<span class=\"_ _4\"></span>ially me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>red a<span class=\"_ _4\"></span>t the p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alue o<span class=\"_ _4\"></span>f the l<span class=\"_ _4\"></span>ease p<span class=\"_ _4\"></span>aym<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e not pai<span class=\"_ _4\"></span>d at th<span class=\"_ _4\"></span>e com<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ce<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 80px; height: 366px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 80px; height: 1059px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 80px; height: 1059px; 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 class=\"t m8 x1 hb y42 ff1 fs9 fc2 sc0 ls2 ws2c\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t date, dis<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d usi<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate imp<span class=\"_ _4\"></span>lici<span class=\"_ _4\"></span>t in t<span class=\"_ _4\"></span>he leas<span class=\"_ _4\"></span>e or<span class=\"_ _3\"></span>, if th<span class=\"_ _4\"></span>at ra<span class=\"_ _4\"></span>te ca<span class=\"_ _4\"></span>nnot b<span class=\"_ _4\"></span>e rea<span class=\"_ _4\"></span>dily d<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>d, the</div>\n<div class=\"t m197 x1 hb y7e ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Gro<span class=\"_ _4\"></span>up<span class=\"_ _3\"></span>\u2019<span class=\"_ _3\"></span>s inc<span class=\"_ _4\"></span>rem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>al b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ng r<span class=\"_ _4\"></span>ate. Gen<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ally<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup u<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s it<span class=\"_ _4\"></span>s inc<span class=\"_ _4\"></span>rem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>al b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ng r<span class=\"_ _4\"></span>ate as t<span class=\"_ _4\"></span>he dis<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>unt r<span class=\"_ _4\"></span>ate.</div>\n<div class=\"t m227 x1 hb y7f ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p det<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>mine<span class=\"_ _4\"></span>s it<span class=\"_ _4\"></span>s in<span class=\"_ _4\"></span>cre<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>tal b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing r<span class=\"_ _4\"></span>ate by o<span class=\"_ _4\"></span>bt<span class=\"_ _4\"></span>aini<span class=\"_ _4\"></span>ng inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s fro<span class=\"_ _4\"></span>m var<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>us ex<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>rn<span class=\"_ _4\"></span>al \ufb01na<span class=\"_ _4\"></span>ncin<span class=\"_ _4\"></span>g</div>\n<div class=\"t m8 x1 hb y43 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">so<span class=\"_ _4\"></span>urce<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d makes ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain a<span class=\"_ _4\"></span>djus<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to re\ufb02e<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>he ter<span class=\"_ _4\"></span>ms o<span class=\"_ _4\"></span>f the l<span class=\"_ _4\"></span>ease a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>pe of t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et lea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m8 x1 hb y1c8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lea<span class=\"_ _4\"></span>se pay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ed in t<span class=\"_ _4\"></span>he me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>rem<span class=\"_ _4\"></span>ent of t<span class=\"_ _4\"></span>he le<span class=\"_ _4\"></span>ase li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y com<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>e the f<span class=\"_ _4\"></span>ollow<span class=\"_ _4\"></span>ing:</div>\n<div class=\"t m8 x1 hb y209 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Fi<span class=\"_ _4\"></span>xed pay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s, inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ing in<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>sub<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ce \ufb01<span class=\"_ _4\"></span>xed pay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s;</div>\n<div class=\"t m8 x1 hb y20a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m228 x3b hb y82 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Varia<span class=\"_ _4\"></span>ble le<span class=\"_ _4\"></span>ase p<span class=\"_ _4\"></span>aym<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>hat de<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nd on a<span class=\"_ _4\"></span>n ind<span class=\"_ _4\"></span>ex or a r<span class=\"_ _4\"></span>ate, ini<span class=\"_ _4\"></span>tiall<span class=\"_ _4\"></span>y meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d usi<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e ind<span class=\"_ _4\"></span>ex or r<span class=\"_ _4\"></span>ate a<span class=\"_ _4\"></span>s at th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 x3b hb y83 ff1 fs9 fc2 sc0 ls31 ws3e\" style=\"z-index: 15;\">commencemen<span class=\"_ _1\"></span>t date<span class=\"_ _1\"></span>;</div>\n<div class=\"t m8 x1 hb y20b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s exp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed to b<span class=\"_ _4\"></span>e paya<span class=\"_ _4\"></span>ble u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>er a res<span class=\"_ _4\"></span>id<span class=\"_ _4\"></span>ual val<span class=\"_ _4\"></span>ue gu<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ante<span class=\"_ _4\"></span>e<span class=\"_ _3\"></span>; and</div>\n<div class=\"t m8 x1 hb y20c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span><span class=\"ws3a\">Th<span class=\"_ _4\"></span>e exerc<span class=\"_ _4\"></span>ise p<span class=\"_ _4\"></span>ric<span class=\"_ _4\"></span>e und<span class=\"_ _4\"></span>er a p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>e opt<span class=\"_ _4\"></span>ion t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up is r<span class=\"_ _4\"></span>easo<span class=\"_ _4\"></span>nab<span class=\"_ _4\"></span>ly ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain to exe<span class=\"_ _4\"></span>rci<span class=\"_ _4\"></span>se, leas<span class=\"_ _4\"></span>e pay<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts i<span class=\"_ _4\"></span>n </span></div>\n<div class=\"t m8 x3b hb y20d ff1 fs9 fc2 sc0 ls2 ws1c\" style=\"z-index: 15;\">an o<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>nal re<span class=\"_ _4\"></span>new<span class=\"_ _4\"></span>al pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d if t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up is r<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>onab<span class=\"_ _4\"></span>ly ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain to e<span class=\"_ _4\"></span>xerci<span class=\"_ _4\"></span>se an e<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>tens<span class=\"_ _4\"></span>ion o<span class=\"_ _4\"></span>pti<span class=\"_ _4\"></span>on, and p<span class=\"_ _4\"></span>ena<span class=\"_ _4\"></span>ltie<span class=\"_ _4\"></span>s for</div>\n<div class=\"t m8 x3b hb y20e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ear<span class=\"_ _4\"></span>ly te<span class=\"_ _4\"></span>rmi<span class=\"_ _4\"></span>nati<span class=\"_ _4\"></span>on of a le<span class=\"_ _4\"></span>ase u<span class=\"_ _4\"></span>nles<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up is r<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ona<span class=\"_ _4\"></span>bly ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain n<span class=\"_ _4\"></span>ot to ter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>nate ear<span class=\"_ _4\"></span>ly.</div>\n<div class=\"t mcd x1 hb y8c ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e leas<span class=\"_ _4\"></span>e liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y is m<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at amo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d cos<span class=\"_ _4\"></span>t us<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he ef<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ive inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>d. It is r<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>red w<span class=\"_ _4\"></span>hen t<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>e</div>\n<div class=\"t m229 x1 hb y88 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">is a c<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>e in fu<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>re leas<span class=\"_ _4\"></span>e pay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s ari<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>g fro<span class=\"_ _4\"></span>m a cha<span class=\"_ _4\"></span>nge i<span class=\"_ _4\"></span>n an in<span class=\"_ _4\"></span>dex or r<span class=\"_ _4\"></span>ate, if t<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>e is a cha<span class=\"_ _4\"></span>nge i<span class=\"_ _4\"></span>n the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s</div>\n<div class=\"t m18a x1 hb y89 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">es<span class=\"_ _4\"></span>tim<span class=\"_ _4\"></span>ate of t<span class=\"_ _4\"></span>he amo<span class=\"_ _4\"></span>unt ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to be p<span class=\"_ _4\"></span>ayab<span class=\"_ _4\"></span>le un<span class=\"_ _4\"></span>der a r<span class=\"_ _4\"></span>esi<span class=\"_ _4\"></span>dual v<span class=\"_ _4\"></span>alue g<span class=\"_ _4\"></span>uar<span class=\"_ _4\"></span>ante<span class=\"_ _4\"></span>e, if the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s it<span class=\"_ _4\"></span>s as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m22a x1 hb y8a ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t of wh<span class=\"_ _4\"></span>ethe<span class=\"_ _4\"></span>r it wi<span class=\"_ _4\"></span>ll exerc<span class=\"_ _4\"></span>ise a p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>e, ext<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>ion or t<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>mina<span class=\"_ _4\"></span>tion o<span class=\"_ _4\"></span>pti<span class=\"_ _4\"></span>on or i<span class=\"_ _4\"></span>f the<span class=\"_ _4\"></span>re is a re<span class=\"_ _4\"></span>vis<span class=\"_ _4\"></span>ed in<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>sub<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>nce</div>\n<div class=\"t m8 x1 hb yd8 ff1 fs9 fc2 sc0 ls27 ws13\" style=\"z-index: 15;\">\ufb01xed<span class=\"_ _1\"></span> lease pa<span class=\"_ _1\"></span>yment.</div>\n<div class=\"t m22b x1 hb y8b ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he lea<span class=\"_ _4\"></span>se lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>y i<span class=\"_ _4\"></span>s rem<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ured i<span class=\"_ _4\"></span>n thi<span class=\"_ _4\"></span>s way<span class=\"_ _1\"></span>, a c<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>ng adj<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent is m<span class=\"_ _4\"></span>ade to t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>ing am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>t of</div>\n<div class=\"t ma8 x1 hb y4a ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e rig<span class=\"_ _4\"></span>ht-o<span class=\"_ _4\"></span>f-u<span class=\"_ _4\"></span>se a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et, o<span class=\"_ _4\"></span>r is rec<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss i<span class=\"_ _4\"></span>f th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _4\"></span>ng amo<span class=\"_ _4\"></span>unt of t<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>igh<span class=\"_ _4\"></span>t-of-<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et has b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n re<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">duc<span class=\"_ _4\"></span>ed to ze<span class=\"_ _4\"></span>ro.</div>\n<div class=\"t m22c x1 hb y4c ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">The G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p pre<span class=\"_ _4\"></span>sen<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s rig<span class=\"_ _4\"></span>ht-of<span class=\"_ _4\"></span>-u<span class=\"_ _4\"></span>se as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s se<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>atel<span class=\"_ _4\"></span>y on t<span class=\"_ _4\"></span>he fa<span class=\"_ _4\"></span>ce of th<span class=\"_ _4\"></span>e bala<span class=\"_ _4\"></span>nce s<span class=\"_ _4\"></span>hee<span class=\"_ _4\"></span>t and le<span class=\"_ _4\"></span>ase lia<span class=\"_ _4\"></span>bili<span class=\"_ _4\"></span>ties i<span class=\"_ _4\"></span>n \u201cLoan<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x1 hb y4d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">and b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s\u201d in the s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment of \ufb01<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cial p<span class=\"_ _4\"></span>osi<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n.</div>\n<div class=\"t m0 x1 h6 y1b1 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Sho<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t-term le<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d lea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s of low<span class=\"_ _4\"></span>-val<span class=\"_ _4\"></span>ue a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s</div>\n<div class=\"t m22d x1 hb y50 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p has el<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d not to r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se r<span class=\"_ _4\"></span>ight-<span class=\"_ _4\"></span>of-<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd le<span class=\"_ _4\"></span>ase li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s for le<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>s of low<span class=\"_ _4\"></span>-va<span class=\"_ _4\"></span>lue as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s and</div>\n<div class=\"t mce x1 hb y51 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">sh<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t-te<span class=\"_ _4\"></span>rm l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>es, in<span class=\"_ _4\"></span>clud<span class=\"_ _4\"></span>ing IT e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>pme<span class=\"_ _4\"></span>nt. T<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>es th<span class=\"_ _4\"></span>e leas<span class=\"_ _4\"></span>e pay<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>iated w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h the<span class=\"_ _4\"></span>se le<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x1 hb y52 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">as an e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>e on a s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>aig<span class=\"_ _4\"></span>ht-li<span class=\"_ _4\"></span>ne ba<span class=\"_ _4\"></span>sis ove<span class=\"_ _4\"></span>r the l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e ter<span class=\"_ _4\"></span>m.</div>\n<div class=\"t m0 x1 h6 y1a9 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s a les<span class=\"_ _4\"></span>so<span class=\"_ _4\"></span>r</div>\n<div class=\"t m8 x1 hb y55 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">At inc<span class=\"_ _4\"></span>ept<span class=\"_ _4\"></span>ion o<span class=\"_ _4\"></span>r on mo<span class=\"_ _4\"></span>di\ufb01c<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion of a c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t tha<span class=\"_ _4\"></span>t cont<span class=\"_ _4\"></span>ai<span class=\"_ _4\"></span>ns a lea<span class=\"_ _4\"></span>se co<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>one<span class=\"_ _4\"></span>nt, th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up allo<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>tes t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>der<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>-</div>\n<div class=\"t m8 x1 hb y56 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">tio<span class=\"_ _4\"></span>n in th<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t to ea<span class=\"_ _4\"></span>ch le<span class=\"_ _4\"></span>ase c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>ent o<span class=\"_ _4\"></span>n the b<span class=\"_ _4\"></span>asi<span class=\"_ _4\"></span>s of the<span class=\"_ _4\"></span>ir rel<span class=\"_ _4\"></span>ative s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>d-<span class=\"_ _4\"></span>alo<span class=\"_ _4\"></span>ne pr<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m22e x1 hb y57 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>s a les<span class=\"_ _4\"></span>so<span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>, it d<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>nes at l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e ince<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n wh<span class=\"_ _4\"></span>eth<span class=\"_ _4\"></span>er eac<span class=\"_ _4\"></span>h lea<span class=\"_ _4\"></span>se is a \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>e leas<span class=\"_ _4\"></span>e or an o<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y58 ff1 fs9 fc2 sc0 lsf ws1c\" style=\"z-index: 15;\">erat<span class=\"_ _4\"></span>ing lease.</div>\n<div class=\"t m22f x1 hb y59 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>o cla<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>if<span class=\"_ _4\"></span>y ea<span class=\"_ _4\"></span>ch le<span class=\"_ _4\"></span>ase, th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p makes a<span class=\"_ _4\"></span>n over<span class=\"_ _4\"></span>all as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>sme<span class=\"_ _4\"></span>nt of w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>he lea<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>s su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>antia<span class=\"_ _4\"></span>lly all of</div>\n<div class=\"t m8 x1 hb y5a ff1 fs9 fc2 sc0 ls2 ws4e\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e ris<span class=\"_ _4\"></span>ks a<span class=\"_ _4\"></span>nd re<span class=\"_ _4\"></span>war<span class=\"_ _4\"></span>ds in<span class=\"_ _4\"></span>cid<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>al to ow<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>hip of t<span class=\"_ _4\"></span>he un<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>rly<span class=\"_ _4\"></span>ing a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et. I<span class=\"_ _4\"></span>f this i<span class=\"_ _4\"></span>s the c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>e, the<span class=\"_ _4\"></span>n the l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e is a \ufb01na<span class=\"_ _4\"></span>nce</div>\n<div class=\"t m230 x1 hb y5b ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">leas<span class=\"_ _4\"></span>e; if not, t<span class=\"_ _4\"></span>hen i<span class=\"_ _4\"></span>t is an o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ing le<span class=\"_ _4\"></span>ase. A<span class=\"_ _4\"></span>s pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>his as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>sm<span class=\"_ _4\"></span>ent, t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up co<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>rs c<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain i<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>cat<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>s suc<span class=\"_ _4\"></span>h</div>\n<div class=\"t m8 x1 hb y5c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">as w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>he lea<span class=\"_ _4\"></span>se is f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e majo<span class=\"_ _4\"></span>r par<span class=\"_ _7\"></span>t of th<span class=\"_ _4\"></span>e eco<span class=\"_ _4\"></span>nomi<span class=\"_ _4\"></span>c life of t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et.</div>\n<div class=\"t m231 x1 hb y5d ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">If an ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt co<span class=\"_ _4\"></span>nta<span class=\"_ _4\"></span>ins lea<span class=\"_ _4\"></span>se a<span class=\"_ _4\"></span>nd no<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>leas<span class=\"_ _4\"></span>e com<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>nent<span class=\"_ _4\"></span>s, t<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>n the Gr<span class=\"_ _4\"></span>oup a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>lies IFRS 15 to alloc<span class=\"_ _4\"></span>ate t<span class=\"_ _4\"></span>he con</div>\n<div class=\"t me x14 hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y5e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">sid<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on in t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>.</div>\n<div class=\"t m8 x1 hb y20f ff1 fs9 fc2 sc0 ls2 ws1c\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p rec<span class=\"_ _4\"></span>ogni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s leas<span class=\"_ _4\"></span>e pay<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts r<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>ived u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>er op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ng lea<span class=\"_ _4\"></span>ses a<span class=\"_ _4\"></span>s inco<span class=\"_ _4\"></span>me o<span class=\"_ _4\"></span>n a st<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ight-<span class=\"_ _4\"></span>line b<span class=\"_ _4\"></span>asis ove<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 x1 hb y210 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">leas<span class=\"_ _4\"></span>e ter<span class=\"_ _4\"></span>m a<span class=\"_ _4\"></span>s par<span class=\"_ _7\"></span>t of \u201cRevenu<span class=\"_ _4\"></span>e\u201d<span class=\"_ _2\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 426px; height: 713px; width: 92%; z-index: 3;\"><br/></div>\n\n\n<div class=\"t m0 x1 h13 y61 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">N. <span class=\"_\"> </span><span class=\"ls4c ws52\">GO<span class=\"_ _3\"></span>VERNMENT GR<span class=\"_ _4\"></span>ANT<span class=\"_ _4\"></span>S</span></div>\n<div class=\"t m141 x1 hb y63 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Gover<span class=\"_ _4\"></span>n<span class=\"_ _4\"></span>ment g<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>ally as d<span class=\"_ _4\"></span>efer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d in<span class=\"_ _4\"></span>come a<span class=\"_ _4\"></span>t fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>ere is a r<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ona<span class=\"_ _4\"></span>ble as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ance</div>\n<div class=\"t m232 x1 hb y64 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">tha<span class=\"_ _4\"></span>t they w<span class=\"_ _4\"></span>ill be r<span class=\"_ _4\"></span>ecei<span class=\"_ _4\"></span>ved a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p will c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>ly wi<span class=\"_ _4\"></span>th t<span class=\"_ _4\"></span>he con<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s ass<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>d wit<span class=\"_ _4\"></span>h the g<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nt an<span class=\"_ _4\"></span>d are t<span class=\"_ _4\"></span>hen</div>\n<div class=\"t m5d x1 hb y65 ff1 fs9 fc2 sc0 ls23 wsf\" style=\"z-index: 15;\">rec<span class=\"_ _4\"></span>og<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d in p<span class=\"_ _4\"></span>ro\ufb01t a<span class=\"_ _4\"></span>nd lo<span class=\"_ _4\"></span>ss a<span class=\"_ _4\"></span>s oth<span class=\"_ _4\"></span>er inc<span class=\"_ _4\"></span>ome o<span class=\"_ _4\"></span>n a sy<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tem<span class=\"_ _4\"></span>atic b<span class=\"_ _4\"></span>asi<span class=\"_ _4\"></span>s over th<span class=\"_ _4\"></span>e us<span class=\"_ _4\"></span>efu<span class=\"_ _4\"></span>l life of t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et. Gr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s tha<span class=\"_ _4\"></span>t</div>\n<div class=\"t m233 x1 hb y79 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nsa<span class=\"_ _4\"></span>te th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p for ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>es in<span class=\"_ _4\"></span>cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>n a sys<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>mati<span class=\"_ _4\"></span>c bas<span class=\"_ _4\"></span>is in t<span class=\"_ _4\"></span>he pe<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ods</div>\n<div class=\"t m8 x1 hb y66 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">in which the expens<span class=\"_ _4\"></span>es are recognised.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 278px; height: 119px; width: 92%; z-index: 3;\"><br/></div>\n\n\n<div class=\"t m0 x1 h13 y69 ff3 fs4 fc0 sc0 ls53 ws5b\" style=\"z-index: 15;\">O. <span class=\"_ _d6\"> </span><span class=\"ls48 ws4c\">FINANCE<span class=\"_ _3\"></span> INCOM<span class=\"_ _3\"></span>E AND EXPENS<span class=\"_ _3\"></span>ES</span></div>\n<div class=\"t m234 x1 hb y7b ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">Fina<span class=\"_ _4\"></span>nce i<span class=\"_ _4\"></span>nco<span class=\"_ _4\"></span>me con<span class=\"_ _4\"></span>sis<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s of in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>s r<span class=\"_ _4\"></span>ecei<span class=\"_ _4\"></span>ved, di<span class=\"_ _4\"></span>vid<span class=\"_ _4\"></span>end i<span class=\"_ _4\"></span>nco<span class=\"_ _4\"></span>me, gains o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e dis<span class=\"_ _4\"></span>pos<span class=\"_ _4\"></span>al of e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y se<span class=\"_ _4\"></span>cur<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>ies at F<span class=\"_ _4\"></span>V<span class=\"_ _7\"></span>TPL,</div>\n<div class=\"t m235 x1 hb y6b ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s in t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue of \ufb01n<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s at fa<span class=\"_ _4\"></span>ir val<span class=\"_ _4\"></span>ue th<span class=\"_ _4\"></span>roug<span class=\"_ _4\"></span>h pr<span class=\"_ _4\"></span>o\ufb01t or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s, and g<span class=\"_ _4\"></span>ains o<span class=\"_ _4\"></span>n he<span class=\"_ _4\"></span>dgi<span class=\"_ _4\"></span>ng ins<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s</div>\n<div class=\"t m236 x1 hb y6c ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">tha<span class=\"_ _4\"></span>t are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d exch<span class=\"_ _4\"></span>ange r<span class=\"_ _4\"></span>ate g<span class=\"_ _4\"></span>ains<span class=\"_ _4\"></span>. Inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t in<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e is rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he pro<span class=\"_ _4\"></span>\ufb01t or lo<span class=\"_ _4\"></span>ss</div>\n<div class=\"t m237 x1 hb y6d ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">s<span class=\"_ _4\"></span>tat<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt as it a<span class=\"_ _4\"></span>ccr<span class=\"_ _4\"></span>ue<span class=\"_ _4\"></span>s, t<span class=\"_ _4\"></span>aki<span class=\"_ _4\"></span>ng int<span class=\"_ _4\"></span>o acco<span class=\"_ _4\"></span>unt t<span class=\"_ _4\"></span>he ef<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ive yi<span class=\"_ _4\"></span>eld o<span class=\"_ _4\"></span>n the a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et. D<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>den<span class=\"_ _4\"></span>d inc<span class=\"_ _4\"></span>ome i<span class=\"_ _4\"></span>s reco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 x1 hb y6e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>\ufb01t or lo<span class=\"_ _4\"></span>ss s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t on th<span class=\"_ _4\"></span>e date t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he di<span class=\"_ _4\"></span>vid<span class=\"_ _4\"></span>end i<span class=\"_ _4\"></span>s de<span class=\"_ _4\"></span>clar<span class=\"_ _4\"></span>ed.</div>\n<div class=\"t m8 x1 hb y211 ff1 fs9 fc2 sc0 ls2 ws55\" style=\"z-index: 15;\">Fina<span class=\"_ _4\"></span>nce ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t of inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse o<span class=\"_ _4\"></span>n bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owi<span class=\"_ _4\"></span>ngs, u<span class=\"_ _4\"></span>nwin<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g of the d<span class=\"_ _4\"></span>isc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>t on pr<span class=\"_ _4\"></span>ovis<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s, cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s in</div>\n<div class=\"t m15f x1 hb y70 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e fair v<span class=\"_ _4\"></span>alue o<span class=\"_ _4\"></span>f \ufb01nan<span class=\"_ _4\"></span>cial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue th<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>gh pr<span class=\"_ _4\"></span>o\ufb01t or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s, imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s rec<span class=\"_ _4\"></span>og<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d on \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s,</div>\n<div class=\"t m8 x1 hb y71 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">exch<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>e rat<span class=\"_ _4\"></span>e los<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s on he<span class=\"_ _4\"></span>dgi<span class=\"_ _4\"></span>ng in<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s tha<span class=\"_ _4\"></span>t are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 80px; height: 168px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 80px; height: 1059px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 80px; height: 1059px; 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><br/></div>\n<div><br/></div>\n\n<div class=\"t m238 xe hb y42 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">Borrowing costs that are not directly attributable to the acquisition, construction or production of a qualifying asset</div>\n<div class=\"t m239 xe hb y7e ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">are recognised in pro\ufb01t or loss using the effective interest method. Fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y gai<span class=\"_ _4\"></span>ns an<span class=\"_ _4\"></span>d los<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 xe hb y7f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">on a ne<span class=\"_ _4\"></span>t bas<span class=\"_ _4\"></span>is pe<span class=\"_ _4\"></span>r cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y as e<span class=\"_ _4\"></span>ith<span class=\"_ _4\"></span>er ot<span class=\"_ _4\"></span>her \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>e inco<span class=\"_ _4\"></span>me or \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>e ex<span class=\"_ _4\"></span>pen<span class=\"_ _4\"></span>se.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 1086px; height: 53px; width: 92%; z-index: 3;\"><br/></div>\n\n\n<div></div>\n<div></div>\n\n<div class=\"t m0 xe h13 y81 ff3 fs4 fc0 sc0 ls54 ws5c\" style=\"z-index: 15;\">P.<span class=\"_ _b6\"></span> <span class=\"_ _c9\"> </span><span class=\"ls55 ws5d\">TA<span class=\"_ _b6\"> </span>X<span class=\"_ _7\"></span>E<span class=\"_ _7\"></span>S</span></div>\n<div class=\"t m8 xe hb y83 ff1 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">Inc<span class=\"_ _4\"></span>ome t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>se co<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>f cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nt an<span class=\"_ _4\"></span>d defe<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>xes. C<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>rent a<span class=\"_ _4\"></span>nd d<span class=\"_ _4\"></span>efer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d ta<span class=\"_ _4\"></span>x is r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n the p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>t or</div>\n<div class=\"t m8 xe hb y20b ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">los<span class=\"_ _4\"></span>s s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent, exc<span class=\"_ _4\"></span>ept t<span class=\"_ _4\"></span>o the ex<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ent it r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>s to a bu<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s com<span class=\"_ _4\"></span>bina<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n, or whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>ey rela<span class=\"_ _4\"></span>te to ite<span class=\"_ _4\"></span>ms th<span class=\"_ _4\"></span>at are r<span class=\"_ _4\"></span>ec</div>\n<div class=\"t m8 x3d hb y84 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 xe hb y85 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">ognised direc<span class=\"_ _4\"></span>tly in equit<span class=\"_ _4\"></span>y or in other comprehensive income.</div>\n<div class=\"t m23a xe hb y86 ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">Cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nt t<span class=\"_ _4\"></span>ax is t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d ta<span class=\"_ _4\"></span>x pay<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e or rec<span class=\"_ _4\"></span>eiv<span class=\"_ _4\"></span>able o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e ta<span class=\"_ _4\"></span>xa<span class=\"_ _4\"></span>ble i<span class=\"_ _4\"></span>ncom<span class=\"_ _4\"></span>e or lo<span class=\"_ _4\"></span>ss of t<span class=\"_ _4\"></span>he yea<span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>, us<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>ax r<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s</div>\n<div class=\"t m23b xe hb y87 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">ena<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted o<span class=\"_ _4\"></span>r sub<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ntive<span class=\"_ _4\"></span>ly ena<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted a<span class=\"_ _4\"></span>t the re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng dat<span class=\"_ _4\"></span>e, and any ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent to t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x paya<span class=\"_ _4\"></span>ble in r<span class=\"_ _4\"></span>esp<span class=\"_ _4\"></span>ec<span class=\"_ _7\"></span>t of prev<span class=\"_ _4\"></span>iou<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb y8c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">year<span class=\"_ _4\"></span>s. C<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>rent t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>nd lia<span class=\"_ _4\"></span>bili<span class=\"_ _4\"></span>ties a<span class=\"_ _4\"></span>re of<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et onl<span class=\"_ _4\"></span>y if cer<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>ain c<span class=\"_ _4\"></span>rit<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ia are me<span class=\"_ _4\"></span>t.</div>\n<div class=\"t m11a xe hb y88 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">Def<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>red t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed on a<span class=\"_ _4\"></span>ll tem<span class=\"_ _4\"></span>por<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fer<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>es be<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>wee<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _4\"></span>ng amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s of a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es fo<span class=\"_ _4\"></span>r</div>\n<div class=\"t m23c xe hb y89 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g pur<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ose<span class=\"_ _4\"></span>s and t<span class=\"_ _4\"></span>he a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s use<span class=\"_ _4\"></span>d for t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>xat<span class=\"_ _4\"></span>ion p<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>ses<span class=\"_ _4\"></span>. The f<span class=\"_ _4\"></span>ollow<span class=\"_ _4\"></span>ing te<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y d<span class=\"_ _4\"></span>if<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>ces a<span class=\"_ _4\"></span>re not p<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y8a ff1 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">vid<span class=\"_ _4\"></span>ed fo<span class=\"_ _4\"></span>r: t<span class=\"_ _4\"></span>he ini<span class=\"_ _4\"></span>tial r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>tion o<span class=\"_ _4\"></span>f goo<span class=\"_ _4\"></span>dw<span class=\"_ _4\"></span>ill, the i<span class=\"_ _4\"></span>nitia<span class=\"_ _4\"></span>l reco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>r liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es in a t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>at is not</div>\n<div class=\"t m23d xe hb yd8 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">a bu<span class=\"_ _4\"></span>sine<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s com<span class=\"_ _4\"></span>bina<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n and t<span class=\"_ _4\"></span>hat af<span class=\"_ _7\"></span>fec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s n<span class=\"_ _4\"></span>eit<span class=\"_ _4\"></span>her a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng, nor t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>xab<span class=\"_ _4\"></span>le p<span class=\"_ _4\"></span>ro\ufb01t, a<span class=\"_ _4\"></span>nd di<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>es re<span class=\"_ _4\"></span>lati<span class=\"_ _4\"></span>ng to inve<span class=\"_ _4\"></span>st<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y8b ff1 fs9 fc2 sc0 ls2 ws4e\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s in su<span class=\"_ _4\"></span>bsi<span class=\"_ _4\"></span>diar<span class=\"_ _4\"></span>ies<span class=\"_ _4\"></span>, as<span class=\"_ _4\"></span>soc<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>s and jo<span class=\"_ _4\"></span>int ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>nt tha<span class=\"_ _4\"></span>t the G<span class=\"_ _4\"></span>roup i<span class=\"_ _4\"></span>s abl<span class=\"_ _4\"></span>e to co<span class=\"_ _4\"></span>ntro<span class=\"_ _4\"></span>l the t<span class=\"_ _4\"></span>imin<span class=\"_ _4\"></span>g</div>\n<div class=\"t m8 xe hb y1b5 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of reve<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>al an<span class=\"_ _4\"></span>d it is p<span class=\"_ _4\"></span>rob<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e tha<span class=\"_ _4\"></span>t they w<span class=\"_ _4\"></span>ill not r<span class=\"_ _4\"></span>ever<span class=\"_ _4\"></span>se i<span class=\"_ _4\"></span>n the fo<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>eea<span class=\"_ _4\"></span>ble f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure.</div>\n<div class=\"t m23e xe hb y4b ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">Def<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>red t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x is mea<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>ed at t<span class=\"_ _4\"></span>he t<span class=\"_ _4\"></span>ax r<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>es th<span class=\"_ _4\"></span>at are ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to be a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>lied t<span class=\"_ _4\"></span>o temp<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fer<span class=\"_ _4\"></span>ence<span class=\"_ _4\"></span>s wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>hey re<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 xe hb y4c ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">ver<span class=\"_ _4\"></span>se, ba<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d on th<span class=\"_ _4\"></span>e laws t<span class=\"_ _4\"></span>hat h<span class=\"_ _4\"></span>ave bee<span class=\"_ _4\"></span>n ena<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted o<span class=\"_ _4\"></span>r su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>vely e<span class=\"_ _4\"></span>nac<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d by th<span class=\"_ _4\"></span>e rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g date. De<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d ta<span class=\"_ _4\"></span>x as<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m23f xe hb y4d ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>re re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed fo<span class=\"_ _4\"></span>r unu<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d ta<span class=\"_ _4\"></span>x lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es, t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x cre<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd d<span class=\"_ _4\"></span>edu<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ble te<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y d<span class=\"_ _4\"></span>if<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>s, to th<span class=\"_ _4\"></span>e ex<span class=\"_ _4\"></span>tent t<span class=\"_ _4\"></span>hat i<span class=\"_ _4\"></span>t is</div>\n<div class=\"t m8 xe hb y4e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>ba<span class=\"_ _4\"></span>ble t<span class=\"_ _4\"></span>hat f<span class=\"_ _4\"></span>utu<span class=\"_ _4\"></span>re t<span class=\"_ _4\"></span>ax<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e pro\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s will b<span class=\"_ _4\"></span>e availa<span class=\"_ _4\"></span>ble a<span class=\"_ _4\"></span>gain<span class=\"_ _4\"></span>st w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h the<span class=\"_ _4\"></span>y ca<span class=\"_ _4\"></span>n be ut<span class=\"_ _4\"></span>ilis<span class=\"_ _4\"></span>ed.</div>\n<div class=\"t m8 xe hb y202 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">Def<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>red t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>re re<span class=\"_ _4\"></span>duc<span class=\"_ _4\"></span>ed w<span class=\"_ _4\"></span>hen i<span class=\"_ _4\"></span>t is no lo<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>r pro<span class=\"_ _4\"></span>ba<span class=\"_ _4\"></span>ble t<span class=\"_ _4\"></span>hat th<span class=\"_ _4\"></span>e rela<span class=\"_ _4\"></span>ted t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x be<span class=\"_ _4\"></span>ne\ufb01t<span class=\"_ _4\"></span>s w<span class=\"_ _4\"></span>ill be r<span class=\"_ _4\"></span>ealize<span class=\"_ _4\"></span>d. Unr<span class=\"_ _4\"></span>ec</div>\n<div class=\"t m8 x3d hb y72 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m240 xe hb y4f ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">og<span class=\"_ _4\"></span>nized d<span class=\"_ _4\"></span>efe<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>ax a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s are r<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>t each r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing d<span class=\"_ _4\"></span>ate an<span class=\"_ _4\"></span>d reco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d to the e<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>tent t<span class=\"_ _4\"></span>hat is h<span class=\"_ _4\"></span>as be<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e</div>\n<div class=\"t m241 xe hb y50 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>ba<span class=\"_ _4\"></span>ble t<span class=\"_ _4\"></span>hat f<span class=\"_ _4\"></span>utu<span class=\"_ _4\"></span>re t<span class=\"_ _4\"></span>ax<span class=\"_ _4\"></span>able p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>ts w<span class=\"_ _4\"></span>ill be av<span class=\"_ _4\"></span>ailab<span class=\"_ _4\"></span>le ag<span class=\"_ _4\"></span>ains<span class=\"_ _4\"></span>t wh<span class=\"_ _4\"></span>ich t<span class=\"_ _4\"></span>hey c<span class=\"_ _4\"></span>an b<span class=\"_ _4\"></span>e use<span class=\"_ _4\"></span>d. De<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>red t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd lia<span class=\"_ _4\"></span>bil<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y51 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">iti<span class=\"_ _4\"></span>es are o<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>set o<span class=\"_ _4\"></span>nly if c<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ai<span class=\"_ _4\"></span>n con<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ions a<span class=\"_ _4\"></span>re met<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 690px; height: 367px; width: 90%; z-index: 4;\"></div>\n\n\n<div class=\"t m242 xe hb y52 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>onn<span class=\"_ _4\"></span>age t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x is not ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted f<span class=\"_ _4\"></span>or as in<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e ta<span class=\"_ _4\"></span>xes in a<span class=\"_ _4\"></span>ccor<span class=\"_ _4\"></span>dan<span class=\"_ _4\"></span>ce wi<span class=\"_ _4\"></span>th IA<span class=\"_ _4\"></span>S 1<span class=\"_ _1\"></span>2 a<span class=\"_ _4\"></span>nd is no<span class=\"_ _4\"></span>t pre<span class=\"_ _4\"></span>sen<span class=\"_ _4\"></span>ted as p<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>t of inco<span class=\"_ _4\"></span>me</div>\n<div class=\"t m8 xe hb y53 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ta<span class=\"_ _4\"></span>x ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>e in th<span class=\"_ _4\"></span>e pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment b<span class=\"_ _4\"></span>ut i<span class=\"_ _4\"></span>s sho<span class=\"_ _4\"></span>wn u<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r oth<span class=\"_ _4\"></span>er op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ng ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 657px; height: 37px; width: 90%; z-index: 4;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 657px; height: 400px; width: 92%; z-index: 3;\"><br/></div>\n\n\n<div class=\"t m0 xe h13 y55 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">Q<span class=\"_ _4\"></span>. <span class=\"_ _8\"> </span><span class=\"ls4f ws56\">SE<span class=\"_ _3\"></span>GMENT REPORTING</span></div>\n<div class=\"t m243 xe hb y57 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">An o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ting s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t is a co<span class=\"_ _4\"></span>mpo<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p tha<span class=\"_ _4\"></span>t eng<span class=\"_ _4\"></span>age<span class=\"_ _4\"></span>s in bu<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>vit<span class=\"_ _4\"></span>ies f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m whic<span class=\"_ _4\"></span>h it may ea<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>n reve<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m244 xe hb y58 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">nue<span class=\"_ _4\"></span>s and i<span class=\"_ _4\"></span>ncu<span class=\"_ _4\"></span>r ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>s, inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ing re<span class=\"_ _4\"></span>venu<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s that r<span class=\"_ _4\"></span>elat<span class=\"_ _4\"></span>e to tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>ns wi<span class=\"_ _4\"></span>th any of t<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup\u2019<span class=\"_ _1\"></span>s o<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r</div>\n<div class=\"t m8 xe hb y59 ff1 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>nen<span class=\"_ _4\"></span>ts<span class=\"_ _4\"></span>. All o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ing s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s\u2019 o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ting r<span class=\"_ _4\"></span>esu<span class=\"_ _4\"></span>lt<span class=\"_ _4\"></span>s are r<span class=\"_ _4\"></span>eview<span class=\"_ _4\"></span>ed re<span class=\"_ _4\"></span>gula<span class=\"_ _4\"></span>rl<span class=\"_ _4\"></span>y by mana<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent to m<span class=\"_ _4\"></span>ake de<span class=\"_ _4\"></span>cisi<span class=\"_ _4\"></span>ons</div>\n<div class=\"t m8 xe hb y1f9 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ab<span class=\"_ _4\"></span>out r<span class=\"_ _4\"></span>eso<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>es to b<span class=\"_ _4\"></span>e allo<span class=\"_ _4\"></span>cat<span class=\"_ _4\"></span>ed to t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>egm<span class=\"_ _4\"></span>ent a<span class=\"_ _4\"></span>nd as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ss i<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s pe<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>fo<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>ance.</div>\n<div class=\"t m245 xe hb y5b ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e res<span class=\"_ _4\"></span>ult fo<span class=\"_ _4\"></span>r eac<span class=\"_ _4\"></span>h se<span class=\"_ _4\"></span>gme<span class=\"_ _4\"></span>nt inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>es all i<span class=\"_ _4\"></span>nco<span class=\"_ _4\"></span>me an<span class=\"_ _4\"></span>d ex<span class=\"_ _4\"></span>pen<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s gen<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d dire<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tl<span class=\"_ _4\"></span>y by thi<span class=\"_ _4\"></span>s seg<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt, as we<span class=\"_ _4\"></span>ll as pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t</div>\n<div class=\"t m246 xe hb y5c ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e inco<span class=\"_ _4\"></span>me an<span class=\"_ _4\"></span>d exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>ses t<span class=\"_ _4\"></span>hat c<span class=\"_ _4\"></span>an re<span class=\"_ _4\"></span>aso<span class=\"_ _4\"></span>nab<span class=\"_ _4\"></span>ly be a<span class=\"_ _4\"></span>lloc<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d to thi<span class=\"_ _4\"></span>s seg<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt. Th<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>ies allo<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ated</div>\n<div class=\"t m247 xe hb y5d ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">to a se<span class=\"_ _4\"></span>gm<span class=\"_ _4\"></span>ent in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>de as a mi<span class=\"_ _4\"></span>nimu<span class=\"_ _4\"></span>m the a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es w<span class=\"_ _4\"></span>hich a<span class=\"_ _4\"></span>re pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>dic<span class=\"_ _4\"></span>all<span class=\"_ _4\"></span>y rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>ted to t<span class=\"_ _4\"></span>he C<span class=\"_ _4\"></span>hief o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ing</div>\n<div class=\"t m8 xe hb y5e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">de<span class=\"_ _4\"></span>cis<span class=\"_ _4\"></span>ion ma<span class=\"_ _4\"></span>ker<span class=\"_ _1\"></span>, be<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up\u2019<span class=\"_ _1\"></span>s CEO a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e E<span class=\"_ _4\"></span>xec<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>ve Com<span class=\"_ _4\"></span>mit<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>e.</div>\n<div class=\"t m248 xe hb y5f ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Se<span class=\"_ _4\"></span>gme<span class=\"_ _4\"></span>nt c<span class=\"_ _4\"></span>apit<span class=\"_ _4\"></span>al ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>itu<span class=\"_ _4\"></span>re is t<span class=\"_ _4\"></span>he tot<span class=\"_ _4\"></span>al co<span class=\"_ _4\"></span>st i<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>red d<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d to ac<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>re pro<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>, pla<span class=\"_ _4\"></span>nt and e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>ipm<span class=\"_ _4\"></span>ent</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 443px; height: 185px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m8 xe hb y60 ff1 fs9 fc2 sc0 ls13 wsc\" style=\"z-index: 15;\">and intangible as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s.</div>\n\n<div class=\"t m0 xe h13 y61 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">R. <span class=\"_ _b9\"> </span><span class=\"ls48 ws4c\">EARNINGS PER S<span class=\"_ _3\"></span>HARE</span></div>\n<div class=\"t m8 xe hb y63 ff1 fs9 fc2 sc0 ls2 ws4e\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s bas<span class=\"_ _4\"></span>ic an<span class=\"_ _4\"></span>d dilu<span class=\"_ _4\"></span>ted ea<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ning<span class=\"_ _4\"></span>s per s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>e for it<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>rdi<span class=\"_ _4\"></span>nar<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es. B<span class=\"_ _4\"></span>asic e<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ning<span class=\"_ _4\"></span>s per s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>e is c<span class=\"_ _4\"></span>alc<span class=\"_ _4\"></span>u<span class=\"ws2\">-</span></div>\n<div class=\"t m8 xe hb y64 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">late<span class=\"_ _4\"></span>d by div<span class=\"_ _4\"></span>idi<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss at<span class=\"_ _7\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ble t<span class=\"_ _4\"></span>o ordi<span class=\"_ _4\"></span>nar<span class=\"_ _7\"></span>y sha<span class=\"_ _4\"></span>reh<span class=\"_ _4\"></span>old<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s of th<span class=\"_ _4\"></span>e Com<span class=\"_ _4\"></span>pany by t<span class=\"_ _4\"></span>he we<span class=\"_ _4\"></span>ighte<span class=\"_ _4\"></span>d aver<span class=\"_ _4\"></span>ag<span class=\"_ _4\"></span>e</div>\n<div class=\"t m249 xe hb y65 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">num<span class=\"_ _4\"></span>ber o<span class=\"_ _4\"></span>f ordi<span class=\"_ _4\"></span>nar<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g dur<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he pe<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>od, adj<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>ted f<span class=\"_ _4\"></span>or tre<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s held. D<span class=\"_ _4\"></span>ilute<span class=\"_ _4\"></span>d ear<span class=\"_ _4\"></span>ni<span class=\"_ _4\"></span>ngs p<span class=\"_ _4\"></span>er</div>\n<div class=\"t m24a xe hb y79 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">sha<span class=\"_ _4\"></span>re is d<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>ned by a<span class=\"_ _4\"></span>dju<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he pr<span class=\"_ _4\"></span>o\ufb01t an<span class=\"_ _4\"></span>d los<span class=\"_ _4\"></span>s at<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ble to o<span class=\"_ _4\"></span>rdi<span class=\"_ _4\"></span>nar<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>eho<span class=\"_ _4\"></span>lde<span class=\"_ _4\"></span>rs a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>he wei<span class=\"_ _4\"></span>ghte<span class=\"_ _4\"></span>d aver<span class=\"_ _4\"></span>age</div>\n<div class=\"t m24b xe hb y66 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">of ord<span class=\"_ _4\"></span>inar<span class=\"_ _7\"></span>y sh<span class=\"_ _4\"></span>ares o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>and<span class=\"_ _4\"></span>ing, ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d for tr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s hel<span class=\"_ _4\"></span>d and f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e ef<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s of all dil<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>ve pote<span class=\"_ _4\"></span>ntia<span class=\"_ _4\"></span>l ord<span class=\"_ _4\"></span>inar<span class=\"_ _7\"></span>y</div>\n<div class=\"t m8 xe hb y67 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">sha<span class=\"_ _4\"></span>res s<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>h as sh<span class=\"_ _4\"></span>are op<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns gr<span class=\"_ _4\"></span>ant<span class=\"_ _4\"></span>ed to e<span class=\"_ _4\"></span>mpl<span class=\"_ _4\"></span>oyees<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 261px; height: 136px; width: 92%; z-index: 3;\"><br/></div>\n\n\n<div class=\"t m0 xe h13 y6a ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">S. <span class=\"_ _d8\"> </span><span class=\"ls4f ws56\">DISC<span class=\"_ _3\"></span>ONTINUED OPERA<span class=\"_ _1\"></span>TIONS</span></div>\n<div class=\"t m24c xe hb y6b ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">A dis<span class=\"_ _4\"></span>con<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>ued o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ion i<span class=\"_ _4\"></span>s a com<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>nent o<span class=\"_ _4\"></span>f the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s bus<span class=\"_ _4\"></span>ine<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>, the o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s and c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s of w<span class=\"_ _4\"></span>hich c<span class=\"_ _4\"></span>an b<span class=\"_ _4\"></span>e</div>\n<div class=\"t m24d xe hb y6c ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">cle<span class=\"_ _4\"></span>arl<span class=\"_ _4\"></span>y dis<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ngu<span class=\"_ _4\"></span>ish<span class=\"_ _4\"></span>ed f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t of th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p and w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h rep<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>sen<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s a se<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ate ma<span class=\"_ _4\"></span>jor li<span class=\"_ _4\"></span>ne of bu<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s or g<span class=\"_ _4\"></span>eog<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ph<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m24e xe hb y6d ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">ic<span class=\"_ _4\"></span>al area of o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tion<span class=\"_ _4\"></span>s that h<span class=\"_ _4\"></span>as be<span class=\"_ _4\"></span>en di<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ose<span class=\"_ _4\"></span>d of or i<span class=\"_ _4\"></span>s held f<span class=\"_ _4\"></span>or sa<span class=\"_ _4\"></span>le; is par<span class=\"_ _4\"></span>t o<span class=\"_ _4\"></span>f a sing<span class=\"_ _4\"></span>le coo<span class=\"_ _4\"></span>rdi<span class=\"_ _4\"></span>nate<span class=\"_ _4\"></span>d plan to d<span class=\"_ _4\"></span>isp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>e of</div>\n<div class=\"t m24f xe hb y6e ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">a se<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ate ma<span class=\"_ _4\"></span>jor lin<span class=\"_ _4\"></span>e of bu<span class=\"_ _4\"></span>sine<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s or ge<span class=\"_ _4\"></span>ogr<span class=\"_ _4\"></span>ap<span class=\"_ _4\"></span>hic ar<span class=\"_ _4\"></span>ea of op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns or i<span class=\"_ _4\"></span>s a su<span class=\"_ _4\"></span>bsi<span class=\"_ _4\"></span>diar<span class=\"_ _7\"></span>y acq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d exclu<span class=\"_ _4\"></span>sive<span class=\"_ _4\"></span>ly wi<span class=\"_ _4\"></span>th a v<span class=\"_ _4\"></span>iew</div>\n<div class=\"t m250 xe hb y6f ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">to re<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>sal<span class=\"_ _4\"></span>e. Clas<span class=\"_ _4\"></span>si\ufb01<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>tion o<span class=\"_ _4\"></span>f a dis<span class=\"_ _4\"></span>cont<span class=\"_ _4\"></span>inu<span class=\"_ _4\"></span>ed op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion o<span class=\"_ _4\"></span>ccu<span class=\"_ _4\"></span>rs u<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>n dis<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sal o<span class=\"_ _4\"></span>r whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e ope<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n mee<span class=\"_ _4\"></span>ts t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>ia to</div>\n<div class=\"t m251 xe hb y70 ff1 fs9 fc2 sc0 ls14 ws2e\" style=\"z-index: 15;\">be classi\ufb01ed as held<span class=\"_ _3\"></span> for sale<span class=\"_ _1\"></span>, if earlier<span class=\"_ _1\"></span>. When an<span class=\"_ _1\"></span> o<span class=\"_ _4\"></span>peration is classi\ufb01ed as<span class=\"_ _3\"></span> a discontinued operation<span class=\"_ _3\"></span>, the comparative<span class=\"_ _3\"></span> </div>\n<div class=\"t m252 xe hb y71 ff1 fs9 fc2 sc0 ls11 wsd\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>\ufb01t or lo<span class=\"_ _4\"></span>ss s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t is res<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d as if t<span class=\"_ _4\"></span>he o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion ha<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>en di<span class=\"_ _4\"></span>sco<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>ued f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m the s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>t of th<span class=\"_ _4\"></span>e com<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ve pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 80px; height: 152px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 80px; height: 1059px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 80px; height: 1059px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1 h11 y42 ff2 fsb fc3 sc0 ls40 ws44\" style=\"z-index: 15;\">NOTE 2 - S<span class=\"_ _3\"></span>EGM<span class=\"_ _3\"></span>ENT REPORTING</div>\n<div class=\"t m253 x1 hb y7f ff1 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">In re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t of j<span class=\"_ _4\"></span>oint ve<span class=\"_ _4\"></span>ntur<span class=\"_ _4\"></span>es, t<span class=\"_ _4\"></span>he com<span class=\"_ _4\"></span>pany c<span class=\"_ _4\"></span>onti<span class=\"_ _4\"></span>nue<span class=\"_ _4\"></span>s to mana<span class=\"_ _4\"></span>ge it<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ions b<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>ed on i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>nal m<span class=\"_ _4\"></span>anag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt re<span class=\"_ _4\"></span>por<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>s</div>\n<div class=\"t m254 x1 hb y43 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">ap<span class=\"_ _4\"></span>ply<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he pr<span class=\"_ _4\"></span>inc<span class=\"_ _4\"></span>iple<span class=\"_ _4\"></span>s of th<span class=\"_ _4\"></span>e pro<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>onate c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>olid<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n met<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>d. Th<span class=\"_ _4\"></span>e reco<span class=\"_ _4\"></span>ncil<span class=\"_ _4\"></span>iatio<span class=\"_ _4\"></span>n of th<span class=\"_ _4\"></span>e seg<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g</div>\n<div class=\"t m8 x1 hb y80 ff1 fs9 fc2 sc0 ls2 ws1c\" style=\"z-index: 15;\">to th<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span>soli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>teme<span class=\"_ _4\"></span>nt of \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al po<span class=\"_ _4\"></span>sit<span class=\"_ _4\"></span>ion a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span>soli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>teme<span class=\"_ _4\"></span>nt of p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s is p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ente<span class=\"_ _4\"></span>d in</div>\n<div class=\"t m1f2 x1 hb y81 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Note 3 Re<span class=\"_ _4\"></span>con<span class=\"_ _4\"></span>ciliat<span class=\"_ _4\"></span>ion s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>ment r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing. A<span class=\"_ _4\"></span>ll dif<span class=\"_ _7\"></span>fere<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>s relat<span class=\"_ _4\"></span>e to the a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>lic<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n of IFRS 1<span class=\"_ _1\"></span>1 Joint a<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s,</div>\n<div class=\"t m8 x1 hb y82 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">no other dif<span class=\"_ _4\"></span>ferences exist.</div>\n<div class=\"t m255 x1 hb y83 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p has 3 re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le se<span class=\"_ _4\"></span>gme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s. T<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup\u2019<span class=\"_ _1\"></span>s o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ing s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts r<span class=\"_ _4\"></span>e\ufb02e<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t th<span class=\"_ _4\"></span>e level at w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s CEO</div>\n<div class=\"t m256 x1 hb y84 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">and t<span class=\"_ _4\"></span>he E<span class=\"_ _4\"></span>xec<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ive Co<span class=\"_ _4\"></span>mmi<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>tee re<span class=\"_ _4\"></span>view t<span class=\"_ _4\"></span>he bu<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s and m<span class=\"_ _4\"></span>ake dec<span class=\"_ _4\"></span>isi<span class=\"_ _4\"></span>ons ab<span class=\"_ _4\"></span>ou<span class=\"_ _4\"></span>t the a<span class=\"_ _4\"></span>lloc<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion of re<span class=\"_ _4\"></span>so<span class=\"_ _4\"></span>urce<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d othe<span class=\"_ _4\"></span>r</div>\n<div class=\"t m8 x1 hb y85 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atin<span class=\"_ _4\"></span>g mat<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>. Th<span class=\"_ _4\"></span>ese s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s of<span class=\"_ _4\"></span>fer d<span class=\"_ _4\"></span>if<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>nt pro<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s and s<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d are ma<span class=\"_ _4\"></span>nage<span class=\"_ _4\"></span>d se<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ly<span class=\"_ _3\"></span>.</div>\n<div class=\"t m8 x1 hb yb7 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span><span class=\"ws3b\">Th<span class=\"_ _4\"></span>e ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>vit<span class=\"_ _4\"></span>ies in t<span class=\"_ _4\"></span>he <span style=\"font-weight: bold;\">S<span class=\"_ _4\"></span>hipp<span class=\"_ _4\"></span>ing</span> s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>ment i<span class=\"_ _4\"></span>ncl<span class=\"_ _4\"></span>ude t<span class=\"_ _4\"></span>he t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nsp<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>ta<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of liqu<span class=\"_ _4\"></span>e\ufb01e<span class=\"_ _4\"></span>d gas p<span class=\"_ _4\"></span>rod<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s s<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>h as Li<span class=\"_ _4\"></span>quid N<span class=\"_ _4\"></span>at</span></div>\n<div class=\"t m8 x14 hb y86 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x3b hb y87 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ur<span class=\"_ _4\"></span>al Gas (<span class=\"_ _4\"></span>LNG), Liq<span class=\"_ _4\"></span>uid Petr<span class=\"_ _4\"></span>oleu<span class=\"_ _4\"></span>m Gas (L<span class=\"_ _4\"></span>PG), ammo<span class=\"_ _4\"></span>nia an<span class=\"_ _4\"></span>d pet<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>che<span class=\"_ _4\"></span>mic<span class=\"_ _4\"></span>al ga<span class=\"_ _4\"></span>ses<span class=\"_ _4\"></span>.</div>\n<div class=\"t m8 x1 hb yd7 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m257 x3b hb y8c ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e <span style=\"font-weight: bold;\">Inf<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>re</span> se<span class=\"_ _4\"></span>gm<span class=\"_ _4\"></span>ent p<span class=\"_ _4\"></span>rovid<span class=\"_ _4\"></span>es i<span class=\"_ _4\"></span>nnova<span class=\"_ _4\"></span>tive \ufb02<span class=\"_ _4\"></span>oati<span class=\"_ _4\"></span>ng inf<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ure s<span class=\"_ _4\"></span>olu<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns to t<span class=\"_ _4\"></span>he oil &amp; ga<span class=\"_ _4\"></span>s ind<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>tr<span class=\"_ _7\"></span>y bot<span class=\"_ _4\"></span>h</div>\n<div class=\"t m89 x3b hb y88 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">by mak<span class=\"_ _4\"></span>ing u<span class=\"_ _4\"></span>se of i<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et p<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _7\"></span>folio a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>hrou<span class=\"_ _4\"></span>gh dev<span class=\"_ _4\"></span>elop<span class=\"_ _4\"></span>ing n<span class=\"_ _4\"></span>ew as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s f<span class=\"_ _4\"></span>or near-s<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>re and o<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>sho<span class=\"_ _4\"></span>re pro<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n,</div>\n<div class=\"t m8 x3b hb y89 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">processing, storage or o<span class=\"_ _3\"></span>ther ancil<span class=\"_ _3\"></span>lar<span class=\"_ _4\"></span>y ser<span class=\"_ _4\"></span>vices.</div>\n<div class=\"t m8 x1 hb y212 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m258 x3b hb y8a ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e seg<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t <span style=\"font-weight: bold;\">Sup<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>vi<span class=\"_ _4\"></span>ces</span> i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>des t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ciali<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d sup<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>vi<span class=\"_ _4\"></span>ces s<span class=\"_ _4\"></span>uch a<span class=\"_ _4\"></span>s shi<span class=\"_ _4\"></span>p mana<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent s<span class=\"_ _4\"></span>er<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x3b hb yd8 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">vices,<span class=\"_ _3\"></span> travel services and manufac<span class=\"_ _4\"></span>turing activities.</div>\n<div class=\"t m65 x1 hb y8b ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e com<span class=\"_ _4\"></span>pany<span class=\"_ _4\"></span>\u2019s inter<span class=\"_ _4\"></span>nal a<span class=\"_ _4\"></span>nd man<span class=\"_ _4\"></span>age<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>re do<span class=\"_ _4\"></span>es no<span class=\"_ _4\"></span>t dis<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ngui<span class=\"_ _4\"></span>sh a<span class=\"_ _4\"></span>ny geo<span class=\"_ _4\"></span>gr<span class=\"_ _4\"></span>aph<span class=\"_ _4\"></span>ica<span class=\"_ _4\"></span>l info<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n (non<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ent</div>\n<div class=\"t m8 x1 hb y4a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd reve<span class=\"_ _4\"></span>nue p<span class=\"_ _4\"></span>er ma<span class=\"_ _4\"></span>jor co<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y) as t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>any\u2019s \ufb02ee<span class=\"_ _4\"></span>t is op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d on a wo<span class=\"_ _4\"></span>rl<span class=\"_ _4\"></span>dwi<span class=\"_ _4\"></span>de b<span class=\"_ _4\"></span>asis<span class=\"_ _4\"></span>.</div>\n<div class=\"t m259 x1 hb y4b ff1 fs9 fc2 sc0 ls20 wsc\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e intr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>-s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>ment r<span class=\"_ _4\"></span>evenu<span class=\"_ _4\"></span>e mainl<span class=\"_ _4\"></span>y rela<span class=\"_ _4\"></span>tes to ma<span class=\"_ _4\"></span>nag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt, su<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>vi<span class=\"_ _4\"></span>sio<span class=\"_ _4\"></span>n and c<span class=\"_ _4\"></span>rew s<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s prov<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>wee<span class=\"_ _4\"></span>n se<span class=\"_ _4\"></span>gme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m25a x1 hb y4c ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">Majo<span class=\"_ _4\"></span>r ship<span class=\"_ _4\"></span>pi<span class=\"_ _4\"></span>ng clie<span class=\"_ _4\"></span>nt Equi<span class=\"_ _4\"></span>nor (ex-St<span class=\"_ _4\"></span>atoil) a<span class=\"_ _4\"></span>nd Sa<span class=\"_ _4\"></span>udi A<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>abia<span class=\"_ _4\"></span>n Mini<span class=\"_ _4\"></span>ng Co<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>ny rep<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ente<span class=\"_ _4\"></span>d 24.55% (202<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>: 1<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>9%) and<span class=\"_ _4\"></span> </div>\n<div class=\"t m25b x1 hb y4d ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">1<span class=\"_ _1\"></span>2.37% (2021<span class=\"_ _1\"></span>: 9<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>9<span class=\"_ _4\"></span>%) of the reve<span class=\"_ _4\"></span>nue of t<span class=\"_ _4\"></span>he S<span class=\"_ _4\"></span>hipp<span class=\"_ _4\"></span>ing s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>ment a<span class=\"_ _4\"></span>nd 1<span class=\"_ _1\"></span>4.4% (2021<span class=\"_ _1\"></span>: 1<span class=\"_ _1\"></span>4.3%) an<span class=\"_ _4\"></span>d 7<span class=\"_ _2\"></span>.24% (2021<span class=\"_ _1\"></span>: 7<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>%) of the</div>\n<div class=\"t m25c x1 hb y4e ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R Gro<span class=\"_ _4\"></span>up reve<span class=\"_ _4\"></span>nue in 2<span class=\"_ _4\"></span>022. The r<span class=\"_ _4\"></span>emai<span class=\"_ _4\"></span>ning p<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t o<span class=\"_ _4\"></span>f the S<span class=\"_ _4\"></span>hip<span class=\"_ _4\"></span>ping r<span class=\"_ _4\"></span>evenu<span class=\"_ _4\"></span>e is div<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>wee<span class=\"_ _4\"></span>n 1<span class=\"_ _1\"></span>4 di<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>ent c<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y72 ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">tom<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s. Hy<span class=\"_ _4\"></span>und<span class=\"_ _4\"></span>ai Heav<span class=\"_ _7\"></span>y Ind<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ies Ko<span class=\"_ _4\"></span>rea an<span class=\"_ _4\"></span>d Gas<span class=\"_ _4\"></span>unie re<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d 29<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>% (2021<span class=\"_ _1\"></span>: 5.6) and 1<span class=\"_ _3\"></span>5.8% (2021<span class=\"_ _1\"></span>: 0.0%) of th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m25d x1 hb y4f ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">reve<span class=\"_ _4\"></span>nue of t<span class=\"_ _4\"></span>he Inf<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ure s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t. Bot<span class=\"_ _4\"></span>h com<span class=\"_ _4\"></span>pan<span class=\"_ _4\"></span>ies re<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d 6.4<span class=\"_ _3\"></span>% (2021<span class=\"_ _1\"></span>: 5.7) and 9<span class=\"_ _1\"></span>.<span class=\"_ _4\"></span>27% (2021<span class=\"_ _1\"></span>: 0.0%) of th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m71 x1 hb y50 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R Gro<span class=\"_ _4\"></span>up reve<span class=\"_ _4\"></span>nue in 2<span class=\"_ _4\"></span>022. In 2021<span class=\"_ _1\"></span>, Gu<span class=\"_ _4\"></span>nvor re<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>sen<span class=\"_ _4\"></span>ted 3<span class=\"_ _4\"></span>0.6<span class=\"_ _3\"></span>% of th<span class=\"_ _4\"></span>e revenu<span class=\"_ _4\"></span>e of th<span class=\"_ _4\"></span>e Inf<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>re se<span class=\"_ _4\"></span>gm<span class=\"_ _4\"></span>ent</div>\n<div class=\"t m25e x1 hb y51 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">and 5.7% of th<span class=\"_ _4\"></span>e E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R Grou<span class=\"_ _4\"></span>p reve<span class=\"_ _4\"></span>nue, ver<span class=\"_ _4\"></span>sus 0<span class=\"_ _4\"></span>% in 202<span class=\"_ _4\"></span>2. The p<span class=\"_ _4\"></span>erc<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>ag<span class=\"_ _4\"></span>es me<span class=\"_ _4\"></span>ntio<span class=\"_ _4\"></span>ned a<span class=\"_ _4\"></span>re c<span class=\"_ _4\"></span>alc<span class=\"_ _4\"></span>ulate<span class=\"_ _4\"></span>d exclu<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g</div>\n<div class=\"t m8 x1 hb y52 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">set<span class=\"_ _7\"></span>tle<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t fee<span class=\"_ _4\"></span>s. No ot<span class=\"_ _4\"></span>her c<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>mer<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nted m<span class=\"_ _4\"></span>ore t<span class=\"_ _4\"></span>han 10.0% of th<span class=\"_ _4\"></span>e E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R Gro<span class=\"_ _4\"></span>up reve<span class=\"_ _4\"></span>nue in 2<span class=\"_ _4\"></span>022.</div>\n<div class=\"t m0 x1 h2 y54 ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">Segment reporting 20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2</div>\n<div class=\"t m8 x1 hd y213 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x1 hd y214 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">CONSOLIDA<span class=\"_ _1\"></span>TED ST<span class=\"_ _2\"></span>A<span class=\"_ _1\"></span>TEMENT</div>\n<div class=\"t m8 x1 hd y215 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">OF PROFIT OR LOSS</div>\n<div class=\"t m8 x1 hd y216 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">For the year ended December 31, 2022</div>\n<div class=\"t m8 x40 hd y217 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Shipping<span class=\"_ _b7\"> </span>Infrastucture</div>\n<div class=\"t m8 x41 hd y214 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Supporting</div>\n<div class=\"t m8 x42 hd y215 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">services</div>\n<div class=\"t m8 x43 hd y217 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Eliminations<span class=\"_ _a0\"> </span>T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 x1 hc y218 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Revenue third party<span class=\"_ _da\"> </span>139,882<span class=\"_ _db\"> </span>76,099<span class=\"_ _db\"> </span>23,026<span class=\"_ _a\"> </span>0<span class=\"_ _dc\"> </span>239,007</div>\n<div class=\"t m8 x1 hc y219 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Revenue intra-segment<span class=\"_ _dd\"> </span>1,530<span class=\"_ _52\"> </span>39<span class=\"_ _de\"> </span>7,928<span class=\"_ _9d\"> </span>-9,497<span class=\"_ _a\"> </span>0</div>\n<div class=\"t m8 x1 hc y21a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Royalty income<span class=\"_ _cd\"> </span>0<span class=\"_ _df\"> </span>4,320<span class=\"_ _a\"> </span>0<span class=\"_ _e0\"> </span>0<span class=\"_ _de\"> </span>4,320</div>\n<div class=\"t m8 x1 hd y21b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal revenue<span class=\"_ _49\"> </span>141,412<span class=\"_ _a8\"> </span>80,458<span class=\"_ _a8\"> </span>30,954<span class=\"_ _ac\"> </span>-9,497<span class=\"_ _8c\"> </span>243,328</div>\n<div class=\"t m8 x1 hc y21c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gain on disposal<span class=\"_ _e1\"> </span>385<span class=\"_ _dc\"> </span>315,659<span class=\"_ _df\"> </span>3,489<span class=\"_ _e0\"> </span>0<span class=\"_ _89\"> </span>319,533</div>\n<div class=\"t m8 x1 hc y21d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other operating income<span class=\"_ _e2\"> </span>3,239<span class=\"_ _de\"> </span>1,193<span class=\"_ _8e\"> </span>264<span class=\"_ _18\"> </span>-9<span class=\"_ _de\"> </span>4,688</div>\n<div class=\"t m8 x1 hd y21e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Operating income<span class=\"_ _e3\"> </span>145,036<span class=\"_ _8c\"> </span>397,311<span class=\"_ _a8\"> </span>34,706<span class=\"_ _ac\"> </span>-9,505<span class=\"_ _8c\"> </span>567,549</div>\n<div class=\"t m8 x1 hd y21f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Operating result befor<span class=\"_ _3\"></span>e depreciations,</div>\n<div class=\"t m8 x1 hd y220 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amortisations &amp; impairment losses (EBITDA)\u2005</div>\n<div class=\"t m8 x44 hd y221 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">81,627<span class=\"_ _8c\"> </span>323,130<span class=\"_ _ac\"> </span>-3,080<span class=\"_ _e4\"> </span>0<span class=\"_ _8c\"> </span>401,676</div>\n<div class=\"t m8 x1 hc y222 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations and amortisations<span class=\"_ _7d\"> </span>-47,859<span class=\"_ _e5\"> </span>-13,256<span class=\"_ _9d\"> </span>-1,233<span class=\"_ _e0\"> </span>0<span class=\"_ _e5\"> </span>-62,347</div>\n<div class=\"t m8 x1 hc y223 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairment losses and reversals<span class=\"_ _e6\"> </span>8,975<span class=\"_ _de\"> </span>4,859<span class=\"_ _e7\"> </span>-91<span class=\"_ _e0\"> </span>0<span class=\"_ _db\"> </span>13,743</div>\n<div class=\"t m8 x1 hd y224 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Operating result (EBIT)<span class=\"_ _e8\"> </span>42,743<span class=\"_ _8c\"> </span>314,733<span class=\"_ _ac\"> </span>-4,404<span class=\"_ _e4\"> </span>0<span class=\"_ _8c\"> </span>353,072</div>\n<div class=\"t m8 x1 hc y225 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income (non-intra-segment)<span class=\"_ _e9\"> </span>83<span class=\"_ _de\"> </span>2,626<span class=\"_ _df\"> </span>3,942<span class=\"_ _e0\"> </span>0<span class=\"_ _df\"> </span>6,651</div>\n<div class=\"t m8 x1 hc y226 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income intra-segment<span class=\"_ _ea\"> </span>453<span class=\"_ _8e\"> </span>515<span class=\"_ _db\"> </span>12,556<span class=\"_ _e5\"> </span>-13,525<span class=\"_ _e0\"> </span>0</div>\n<div class=\"t m8 x1 hc y227 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expenses (non-intra-segment)<span class=\"_ _c4\"> </span>-25,603<span class=\"_ _eb\"> </span>-6,575<span class=\"_ _b0\"> </span>-306<span class=\"_ _e0\"> </span>0<span class=\"_ _e5\"> </span>-32,484</div>\n<div class=\"t m8 x1 hc y228 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expenses intra-segment<span class=\"_ _ec\"> </span>-2,105<span class=\"_ _e5\"> </span>-10,905<span class=\"_ _b0\"> </span>-515<span class=\"_ _bb\"> </span>13,525<span class=\"_ _a\"> </span>0</div>\n<div class=\"t m8 x1 hc y229 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other \ufb01nance income<span class=\"_ _c2\"> </span>5,040<span class=\"_ _df\"> </span>4,613<span class=\"_ _df\"> </span>4,150<span class=\"_ _eb\"> </span>-1,000<span class=\"_ _db\"> </span>12,803</div>\n<div class=\"t m8 x1 hc y22a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other \ufb01nance expenses<span class=\"_ _78\"> </span>-2,862<span class=\"_ _eb\"> </span>-9,636<span class=\"_ _eb\"> </span>-7,388<span class=\"_ _df\"> </span>1,000<span class=\"_ _e5\"> </span>-18,885</div>\n<div class=\"t m8 x1 hc y22b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share of r<span class=\"_ _3\"></span>esult of equity accounted investees</div>\n<div class=\"t m8 x1 hc y22c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(net of income tax)</div>\n<div class=\"t m8 x24 hc y22d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ _e0\"> </span>0<span class=\"_ _8e\"> </span>269<span class=\"_ _a\"> </span>0<span class=\"_ _8e\"> </span>269</div>\n<div class=\"t m8 x1 hc y22e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Income tax expense<span class=\"_ _ed\"> </span>-919<span class=\"_ _de\"> </span>1,007<span class=\"_ _9d\"> </span>-1,167<span class=\"_ _a\"> </span>0<span class=\"_ _eb\"> </span>-1,079</div>\n<div class=\"t m8 x1 hd y22f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Segment result for the period<span class=\"_ _96\"> </span>16,831<span class=\"_ _8c\"> </span>296,378<span class=\"_ _9d\"> </span>7,139<span class=\"_ _e4\"> </span>0<span class=\"_ _8c\"> </span>320,348</div>\n<div class=\"t m8 x1 hc y230 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Attributable to:</div>\n<div class=\"t m8 x1f hc y231 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-controlling inter<span class=\"_ _3\"></span>est<span class=\"_ _ee\"> </span>30</div>\n<div class=\"t m8 x1f hc y232 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Owners of the Company<span class=\"_ _ef\"> </span>320,318</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 79px; height: 1060px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 79px; height: 1060px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m8 xe hd y233 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 xe hd y234 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">CONSOLIDA<span class=\"_ _1\"></span>TED ST<span class=\"_ _2\"></span>A<span class=\"_ _1\"></span>TEMENT</div>\n<div class=\"t m8 xe hd y235 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">OF FINANCIAL POSITION</div>\n<div class=\"t m8 xe hd y236 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">For the year ended December 31, 2022</div>\n<div class=\"t m8 x45 hd y237 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Shipping<span class=\"_ _b7\"> </span>Infrastucture</div>\n<div class=\"t m8 x1c hd y234 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Supporting</div>\n<div class=\"t m8 x46 hd y235 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">services</div>\n<div class=\"t m8 x47 hd y237 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Eliminations<span class=\"_ _a0\"> </span>T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 xe hd y238 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Assets</div>\n<div class=\"t m8 xe hc y239 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>essels and barges<span class=\"_ _f0\"> </span>507,669<span class=\"_ _dc\"> </span>211,930<span class=\"_ _a\"> </span>0<span class=\"_ _e0\"> </span>0<span class=\"_ _89\"> </span>719,599</div>\n<div class=\"t m8 xe hc y23a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other property<span class=\"_ _2\"></span>, plant and equipment<span class=\"_ _81\"> </span>40<span class=\"_ _8e\"> </span>400<span class=\"_ _db\"> </span>14,116<span class=\"_ _f1\"> </span>14,556</div>\n<div class=\"t m8 xe hc y23b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Intangible assets<span class=\"_ _f2\"> </span>0<span class=\"_ _52\"> </span>19<span class=\"_ _7a\"> </span>206<span class=\"_ _f3\"> </span>225</div>\n<div class=\"t m8 xe hc y23c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Right-of-use assets<span class=\"_ _f4\"> </span>11,696<span class=\"_ _de\"> </span>2,442<span class=\"_ _df\"> </span>7,812<span class=\"_ _f1\"> </span>21,949</div>\n<div class=\"t m8 xe hc y23d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Investments in equity accounted investees<span class=\"_ _f5\"> </span>0<span class=\"_ _e0\"> </span>0<span class=\"_ _8e\"> </span>449<span class=\"_ _f3\"> </span>449</div>\n<div class=\"t m8 xe hc y23e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity accounted investees<span class=\"_ _f6\"> </span>0<span class=\"_ _de\"> </span>7,000<span class=\"_ _a\"> </span>0<span class=\"_ _f7\"> </span>7,000</div>\n<div class=\"t m8 xe hc y23f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Loan receivables intra-segment<span class=\"_ _f8\"> </span>76,872<span class=\"_ _db\"> </span>58,153<span class=\"_ _dc\"> </span>416,458<span class=\"_ _f9\"> </span>-551,483<span class=\"_ _e0\"> </span>0</div>\n<div class=\"t m8 xe hc y240 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Inventories<span class=\"_ _fa\"> </span>0<span class=\"_ _e0\"> </span>0<span class=\"_ _df\"> </span>9,217<span class=\"_ _f7\"> </span>9,217</div>\n<div class=\"t m8 xe hc y241 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Restricted cash<span class=\"_ _fb\"> </span>1,778<span class=\"_ _e0\"> </span>0<span class=\"_ _a\"> </span>0<span class=\"_ _f7\"> </span>1,778</div>\n<div class=\"t m8 xe hc y242 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash and cash equivalents<span class=\"_ _fc\"> </span>28,872<span class=\"_ _db\"> </span>32,600<span class=\"_ _dc\"> </span>485,965<span class=\"_ _af\"> </span>547,437</div>\n<div class=\"t m8 xe hc y243 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Assets held for sale<span class=\"_ _fd\"> </span>9,988<span class=\"_ _e0\"> </span>0<span class=\"_ _a\"> </span>0<span class=\"_ _f7\"> </span>9,988</div>\n<div class=\"t m8 xe hd y244 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal segment assets<span class=\"_ _77\"> </span>636,915<span class=\"_ _8c\"> </span>312,544<span class=\"_ _8c\"> </span>934,222<span class=\"_ _fe\"> </span>-551,483<span class=\"_ _ff\"> </span>1,332,198</div>\n<div class=\"t m8 xe hc y245 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unallocated other investments<span class=\"_ _100\"> </span>5,432</div>\n<div class=\"t m8 xe hc y246 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unallocated trade and other receivables<span class=\"_ _101\"> </span>81,375</div>\n<div class=\"t m8 xe hc y247 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other r<span class=\"_ _3\"></span>eceivables intra-segment<span class=\"_ _5d\"> </span>7,123<span class=\"_ _bb\"> </span>10,035<span class=\"_ _db\"> </span>36,117<span class=\"_ _e5\"> </span>-53,275<span class=\"_ _a\"> </span>0</div>\n<div class=\"t m8 xe hc y248 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other unallocated assets<span class=\"_ _102\"> </span>2,256</div>\n<div class=\"t m8 xe hd y249 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal assets<span class=\"_ _103\"> </span>-604,758<span class=\"_ _ff\"> </span>1,421,260</div>\n<div class=\"t m8 xe hd y24a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Liabilities</div>\n<div class=\"t m8 xe hc y24b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-current borr<span class=\"_ _3\"></span>owings<span class=\"_ _e8\"> </span>330,718<span class=\"_ _de\"> </span>2,026<span class=\"_ _de\"> </span>6,541<span class=\"_ _104\"> </span>339,284</div>\n<div class=\"t m8 xe hc y24c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current borr<span class=\"_ _3\"></span>owings<span class=\"_ _105\"> </span>92,909<span class=\"_ _db\"> </span>10,465<span class=\"_ _de\"> </span>1,386<span class=\"_ _104\"> </span>104,759</div>\n<div class=\"t m8 xe hc y24d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings intra-segment<span class=\"_ _106\"> </span>262,919<span class=\"_ _dc\"> </span>167,310<span class=\"_ _89\"> </span>121,254<span class=\"_ _107\"> </span>-551,483<span class=\"_ _e0\"> </span>0</div>\n<div class=\"t m8 xe hc y24e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other payables<span class=\"_ _108\"> </span>0<span class=\"_ _db\"> </span>78,000<span class=\"_ _e0\"> </span>0<span class=\"_ _f1\"> </span>78,000</div>\n<div class=\"t m8 xe hc y24f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-current pr<span class=\"_ _3\"></span>ovisions<span class=\"_ _aa\"> </span>2,347<span class=\"_ _a\"> </span>0<span class=\"_ _8e\"> </span>800<span class=\"_ _f7\"> </span>3,147</div>\n<div class=\"t m8 xe hd y250 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal segment liabilities<span class=\"_ _106\"> </span>688,892<span class=\"_ _8c\"> </span>257,801<span class=\"_ _8c\"> </span>129,980<span class=\"_ _fe\"> </span>-551,483<span class=\"_ _8c\"> </span>525,190</div>\n<div class=\"t m8 xe hc y251 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unallocated equity<span class=\"_ _109\"> </span>0<span class=\"_ _dc\"> </span>798,689</div>\n<div class=\"t m8 xe hc y252 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unallocated trade and other payables<span class=\"_ _10a\"> </span>0<span class=\"_ _db\"> </span>90,478</div>\n<div class=\"t m8 xe hc y253 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other payables intra-segment<span class=\"_ _10b\"> </span>22,243<span class=\"_ _db\"> </span>21,035<span class=\"_ _de\"> </span>9,996<span class=\"_ _e5\"> </span>-53,275<span class=\"_ _a\"> </span>0</div>\n<div class=\"t m8 xe hc y254 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unallocated other liabilities<span class=\"_ _10c\"> </span>0<span class=\"_ _de\"> </span>6,903</div>\n<div class=\"t m8 xe hd y255 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal equity and liabilities<span class=\"_ _56\"> </span>-604,758<span class=\"_ _ff\"> </span>1,421,260</div>\n<div class=\"t m8 xe hd y256 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">CASH FLOW ST<span class=\"_ _1\"></span>A<span class=\"_ _2\"></span>TEMENT</div>\n<div class=\"t m8 xe hc y257 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash from operating activities<span class=\"_ _e6\"> </span>-20,686<span class=\"_ _107\"> </span>-116,164<span class=\"_ _89\"> </span>204,797<span class=\"_ _f1\"> </span>67,947</div>\n<div class=\"t m8 xe hc y258 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash from investing activities<span class=\"_ _10d\"> </span>2,578<span class=\"_ _dc\"> </span>619,892<span class=\"_ _9d\"> </span>-8,961<span class=\"_ _af\"> </span>613,509</div>\n<div class=\"t m8 xe hc y259 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash from \ufb01nancing activities<span class=\"_ _10e\"> </span>11,121<span class=\"_ _107\"> </span>-482,042<span class=\"_ _89\"> </span>229,261<span class=\"_ _b\"> </span>-241,660</div>\n<div class=\"t m8 xe hc y25a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange rate \ufb02uctuations<span class=\"_ _10f\"> </span>568</div>\n<div class=\"t m8 xe hd y25b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal cash \ufb02ow<span class=\"_ _110\"> </span>-6,988<span class=\"_ _a8\"> </span>21,685<span class=\"_ _8c\"> </span>425,098<span class=\"_ _111\"> </span>440,364</div>\n<div class=\"t m8 xe hd y25c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ADDITIONAL INFORMA<span class=\"_ _1\"></span>TION</div>\n<div class=\"t m8 xe hc y25d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Capital expenditures<span class=\"_ _112\"> </span>-21,778<span class=\"_ _eb\"> </span>-9,693<span class=\"_ _b0\"> </span>-317<span class=\"_ _113\"> </span>-31,788</div>\n<div class=\"t m8 xe hc y25e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Proceeds fr<span class=\"_ _3\"></span>om disposals<span class=\"_ _114\"> </span>24,356<span class=\"_ _8e\"> </span>718<span class=\"_ _e0\"> </span>9<span class=\"_ _f1\"> </span>25,083</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 184px; height: 962px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 184px; height: 962px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1 h2 y42 ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">Segment reporting 20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1</div>\n<div class=\"t m8 x1 hd y25f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x1 hd y260 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">CONSOLIDA<span class=\"_ _1\"></span>TED ST<span class=\"_ _2\"></span>A<span class=\"_ _1\"></span>TEMENT</div>\n<div class=\"t m8 x1 hd y261 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">OF PROFIT OR LOSS</div>\n<div class=\"t m8 x1 hd y262 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">For the year ended December 31, 2021</div>\n<div class=\"t m8 x40 hd y263 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Shipping<span class=\"_ _b7\"> </span>Infrastucture</div>\n<div class=\"t m8 x41 hd y260 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Supporting</div>\n<div class=\"t m8 x42 hd y261 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">services</div>\n<div class=\"t m8 x43 hd y263 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Eliminations<span class=\"_ _a0\"> </span>T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 x1 hc y264 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Revenue third party<span class=\"_ _da\"> </span>136,013<span class=\"_ _db\"> </span>91,986<span class=\"_ _db\"> </span>19,047<span class=\"_ _e0\"> </span>0<span class=\"_ _89\"> </span>247,046</div>\n<div class=\"t m8 x1 hc y265 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Revenue intra-segment<span class=\"_ _dd\"> </span>1,667<span class=\"_ _8e\"> </span>781<span class=\"_ _de\"> </span>7,503<span class=\"_ _9d\"> </span>-9,951<span class=\"_ _a\"> </span>0</div>\n<div class=\"t m8 x1 hd y266 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal revenue<span class=\"_ _49\"> </span>137,680<span class=\"_ _a8\"> </span>92,767<span class=\"_ _a8\"> </span>26,550<span class=\"_ _ac\"> </span>-9,951<span class=\"_ _8c\"> </span>247,046</div>\n<div class=\"t m8 x1 hc y267 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gain on disposal<span class=\"_ _e1\"> </span>171<span class=\"_ _e0\"> </span>0<span class=\"_ _52\"> </span>33<span class=\"_ _e0\"> </span>0<span class=\"_ _8e\"> </span>204</div>\n<div class=\"t m8 x1 hc y268 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other operating income<span class=\"_ _e3\"> </span>747<span class=\"_ _8e\"> </span>102<span class=\"_ _8e\"> </span>253<span class=\"_ _b0\"> </span>-113<span class=\"_ _7a\"> </span>990</div>\n<div class=\"t m8 x1 hd y269 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Operating income<span class=\"_ _e3\"> </span>138,598<span class=\"_ _a8\"> </span>92,869<span class=\"_ _a8\"> </span>26,836<span class=\"_ _b2\"> </span>-10,064<span class=\"_ _8c\"> </span>248,239</div>\n<div class=\"t m8 x1 hd y26a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Operating result befor<span class=\"_ _3\"></span>e depreciations,</div>\n<div class=\"t m8 x1 hd y26b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amortisations &amp; impairment losses (EBITDA)\u2005</div>\n<div class=\"t m8 x44 hd y26c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">65,054<span class=\"_ _a8\"> </span>54,420<span class=\"_ _ac\"> </span>-5,987<span class=\"_ _e4\"> </span>0<span class=\"_ _8c\"> </span>113,486</div>\n<div class=\"t m8 x1 hc y26d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations and amortisations<span class=\"_ _7d\"> </span>-43,918<span class=\"_ _e5\"> </span>-17,225<span class=\"_ _b0\"> </span>-984<span class=\"_ _e0\"> </span>0<span class=\"_ _e5\"> </span>-62,126</div>\n<div class=\"t m8 x1 hc y26e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairment losses and reversals<span class=\"_ _e6\"> </span>5,700<span class=\"_ _e5\"> </span>-20,063<span class=\"_ _e7\"> </span>-23<span class=\"_ _e0\"> </span>0<span class=\"_ _e5\"> </span>-14,385</div>\n<div class=\"t m8 x1 hd y26f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Operating result (EBIT)<span class=\"_ _e8\"> </span>26,836<span class=\"_ _a8\"> </span>17,132<span class=\"_ _ac\"> </span>-6,994<span class=\"_ _e4\"> </span>0<span class=\"_ _a8\"> </span>36,975</div>\n<div class=\"t m8 x1 hc y270 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income (non-intra-segment)<span class=\"_ _115\"> </span>-4<span class=\"_ _de\"> </span>1,179<span class=\"_ _8e\"> </span>162<span class=\"_ _a\"> </span>0<span class=\"_ _df\"> </span>1,337</div>\n<div class=\"t m8 x1 hc y271 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income intra-segment<span class=\"_ _116\"> </span>1<span class=\"_ _e0\"> </span>0<span class=\"_ _db\"> </span>13,083<span class=\"_ _e5\"> </span>-13,084<span class=\"_ _e0\"> </span>0</div>\n<div class=\"t m8 x1 hc y272 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expenses (non-intra-segment)<span class=\"_ _c4\"> </span>-16,788<span class=\"_ _a8\"> </span>-13,197<span class=\"_ _b0\"> </span>-140<span class=\"_ _e0\"> </span>0<span class=\"_ _e5\"> </span>-30,125</div>\n<div class=\"t m8 x1 hc y273 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expenses intra-segment<span class=\"_ _117\"> </span>-334<span class=\"_ _e5\"> </span>-12,749<span class=\"_ _92\"> </span>-1<span class=\"_ _db\"> </span>13,084<span class=\"_ _a\"> </span>0</div>\n<div class=\"t m8 x1 hc y274 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other \ufb01nance income<span class=\"_ _c2\"> </span>1,062<span class=\"_ _df\"> </span>4,014<span class=\"_ _df\"> </span>6,350<span class=\"_ _eb\"> </span>-1,000<span class=\"_ _db\"> </span>10,426</div>\n<div class=\"t m8 x1 hc y275 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other \ufb01nance expenses<span class=\"_ _1f\"> </span>70<span class=\"_ _9d\"> </span>-2,740<span class=\"_ _9d\"> </span>-1,812<span class=\"_ _de\"> </span>1,000<span class=\"_ _9d\"> </span>-3,482</div>\n<div class=\"t m8 x1 hc y276 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share of r<span class=\"_ _3\"></span>esult of equity accounted investees</div>\n<div class=\"t m8 x1 hc y277 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(net of income tax)</div>\n<div class=\"t m8 x24 hc y278 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ _eb\"> </span>-1,638<span class=\"_ _8e\"> </span>138<span class=\"_ _a\"> </span>0<span class=\"_ _9d\"> </span>-1,499</div>\n<div class=\"t m8 x1 hc y279 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Income tax expense<span class=\"_ _ed\"> </span>-182<span class=\"_ _b0\"> </span>-695<span class=\"_ _eb\"> </span>-1,119<span class=\"_ _e0\"> </span>0<span class=\"_ _9d\"> </span>-1,997</div>\n<div class=\"t m8 x1 hd y27a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Segment result for the period<span class=\"_ _96\"> </span>10,660<span class=\"_ _ac\"> </span>-8,694<span class=\"_ _9d\"> </span>9,668<span class=\"_ _e4\"> </span>0<span class=\"_ _a8\"> </span>11,635</div>\n<div class=\"t m8 x1 hc y27b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Attributable to:</div>\n<div class=\"t m8 x1f hc y27c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-controlling inter<span class=\"_ _3\"></span>est<span class=\"_ _ee\"> </span>35</div>\n<div class=\"t m8 x1f hc y27d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Attributable to owners of the Company<span class=\"_ _118\"> </span>11,600</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 534px; height: 605px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 534px; height: 605px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m8 xe hd y233 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 xe hd y234 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">CONSOLIDA<span class=\"_ _1\"></span>TED ST<span class=\"_ _2\"></span>A<span class=\"_ _1\"></span>TEMENT</div>\n<div class=\"t m8 xe hd y235 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">OF FINANCIAL POSITION</div>\n<div class=\"t m8 xe hd y236 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">For the year ended December 31, 2021</div>\n<div class=\"t m8 x45 hd y237 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Shipping<span class=\"_ _b7\"> </span>Infrastucture</div>\n<div class=\"t m8 x1c hd y234 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Supporting</div>\n<div class=\"t m8 x46 hd y235 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">services</div>\n<div class=\"t m8 x47 hd y237 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Eliminations<span class=\"_ _a0\"> </span>T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 xe hd y238 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Assets</div>\n<div class=\"t m8 xe hc y239 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>essels and barges<span class=\"_ _f0\"> </span>555,353<span class=\"_ _dc\"> </span>409,128<span class=\"_ _a\"> </span>0<span class=\"_ _e0\"> </span>0<span class=\"_ _89\"> </span>964,481</div>\n<div class=\"t m8 xe hc y23a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other property<span class=\"_ _2\"></span>, plant and equipment<span class=\"_ _81\"> </span>52<span class=\"_ _8e\"> </span>240<span class=\"_ _8e\"> </span>982<span class=\"_ _f7\"> </span>1,274</div>\n<div class=\"t m8 xe hc y23b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Intangible assets<span class=\"_ _f2\"> </span>0<span class=\"_ _52\"> </span>14<span class=\"_ _119\"> </span>68<span class=\"_ _11a\"> </span>82</div>\n<div class=\"t m8 xe hc y23c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Right-of-use assets<span class=\"_ _f4\"> </span>16,122<span class=\"_ _de\"> </span>2,969<span class=\"_ _df\"> </span>2,266<span class=\"_ _f1\"> </span>21,356</div>\n<div class=\"t m8 xe hc y23d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity accounted investees<span class=\"_ _dd\"> </span>0<span class=\"_ _de\"> </span>2,969<span class=\"_ _df\"> </span>2,400<span class=\"_ _f7\"> </span>5,369</div>\n<div class=\"t m8 xe hc y23e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity accounted investees<span class=\"_ _f6\"> </span>0<span class=\"_ _de\"> </span>9,848<span class=\"_ _9d\"> </span>-1,957<span class=\"_ _f7\"> </span>7,891</div>\n<div class=\"t m8 xe hc y23f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Loan receivables intra-segment<span class=\"_ _f8\"> </span>77,460<span class=\"_ _db\"> </span>40,567<span class=\"_ _dc\"> </span>719,370<span class=\"_ _f9\"> </span>-837,397<span class=\"_ _e0\"> </span>0</div>\n<div class=\"t m8 xe hc y240 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Restricted cash<span class=\"_ _fb\"> </span>1,761<span class=\"_ _db\"> </span>76,121<span class=\"_ _e0\"> </span>0<span class=\"_ _f1\"> </span>77,882</div>\n<div class=\"t m8 xe hc y241 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash and cash equivalents<span class=\"_ _fc\"> </span>35,843<span class=\"_ _db\"> </span>10,869<span class=\"_ _db\"> </span>60,362<span class=\"_ _af\"> </span>107,074</div>\n<div class=\"t m8 xe hc y242 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Assets held for sale<span class=\"_ _86\"> </span>17,709<span class=\"_ _e0\"> </span>0<span class=\"_ _e0\"> </span>0<span class=\"_ _f1\"> </span>17,709</div>\n<div class=\"t m8 xe hd y243 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal segment assets<span class=\"_ _77\"> </span>704,300<span class=\"_ _8c\"> </span>552,725<span class=\"_ _8c\"> </span>783,491<span class=\"_ _fe\"> </span>-837,397<span class=\"_ _ff\"> </span>1,203,119</div>\n<div class=\"t m8 xe hc y27e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unallocated other investments<span class=\"_ _100\"> </span>1,849</div>\n<div class=\"t m8 xe hc y245 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unallocated trade and other receivables<span class=\"_ _101\"> </span>70,462</div>\n<div class=\"t m8 xe hc y246 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other r<span class=\"_ _3\"></span>eceivables intra-segment<span class=\"_ _11b\"> </span>737<span class=\"_ _8e\"> </span>438<span class=\"_ _db\"> </span>43,848<span class=\"_ _e5\"> </span>-45,024<span class=\"_ _e0\"> </span>0</div>\n<div class=\"t m8 xe hc y247 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other unallocated assets<span class=\"_ _102\"> </span>2,684</div>\n<div class=\"t m8 xe hd y248 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal assets<span class=\"_ _103\"> </span>-882,420<span class=\"_ _ff\"> </span>1,278,113</div>\n<div class=\"t m8 xe hd y27f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Liabilities</div>\n<div class=\"t m8 xe hc y24a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-current borr<span class=\"_ _3\"></span>owings<span class=\"_ _e8\"> </span>413,621<span class=\"_ _dc\"> </span>116,216<span class=\"_ _de\"> </span>1,665<span class=\"_ _104\"> </span>531,502</div>\n<div class=\"t m8 xe hc y24b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current borr<span class=\"_ _3\"></span>owings<span class=\"_ _105\"> </span>56,206<span class=\"_ _db\"> </span>88,578<span class=\"_ _8e\"> </span>661<span class=\"_ _af\"> </span>145,445</div>\n<div class=\"t m8 xe hc y24c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings intra-segment<span class=\"_ _106\"> </span>204,601<span class=\"_ _dc\"> </span>500,971<span class=\"_ _89\"> </span>131,824<span class=\"_ _107\"> </span>-837,397<span class=\"_ _e0\"> </span>0</div>\n<div class=\"t m8 xe hc y24d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-current pr<span class=\"_ _3\"></span>ovisions<span class=\"_ _aa\"> </span>2,347<span class=\"_ _a\"> </span>0<span class=\"_ _8e\"> </span>800<span class=\"_ _f7\"> </span>3,147</div>\n<div class=\"t m8 xe hc y24e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current derivative \ufb01nancial instruments<span class=\"_ _11c\"> </span>0<span class=\"_ _e0\"> </span>0<span class=\"_ _a\"> </span>0<span class=\"_ _11d\"> </span>0</div>\n<div class=\"t m8 xe hd y24f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal segment liabilities<span class=\"_ _106\"> </span>676,775<span class=\"_ _8c\"> </span>705,766<span class=\"_ _8c\"> </span>134,950<span class=\"_ _fe\"> </span>-837,397<span class=\"_ _8c\"> </span>680,094</div>\n<div class=\"t m8 xe hc y280 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unallocated equity<span class=\"_ _11e\"> </span>536,502</div>\n<div class=\"t m8 xe hc y251 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unallocated trade and other payables<span class=\"_ _a6\"> </span>59,474</div>\n<div class=\"t m8 xe hc y252 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other payables intra-segment<span class=\"_ _10b\"> </span>24,446<span class=\"_ _db\"> </span>19,802<span class=\"_ _8e\"> </span>776<span class=\"_ _e5\"> </span>-45,024<span class=\"_ _e0\"> </span>0</div>\n<div class=\"t m8 xe hc y253 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unallocated other liabilities<span class=\"_ _11f\"> </span>2,044</div>\n<div class=\"t m8 xe hd y254 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal equity and liabilities<span class=\"_ _56\"> </span>-882,420<span class=\"_ _ff\"> </span>1,278,113</div>\n<div class=\"t m8 xe hd y281 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">CASH FLOW ST<span class=\"_ _1\"></span>A<span class=\"_ _2\"></span>TEMENT</div>\n<div class=\"t m8 xe hc y256 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash from operating activities<span class=\"_ _120\"> </span>48,645<span class=\"_ _db\"> </span>26,710<span class=\"_ _db\"> </span>88,766<span class=\"_ _af\"> </span>164,121</div>\n<div class=\"t m8 xe hc y282 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash from investing activities<span class=\"_ _121\"> </span>-135,473<span class=\"_ _eb\"> </span>-2,548<span class=\"_ _8e\"> </span>255<span class=\"_ _122\"> </span>-137,765</div>\n<div class=\"t m8 xe hc y283 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash from \ufb01nancing activities<span class=\"_ _10e\"> </span>94,946<span class=\"_ _e5\"> </span>-21,611<span class=\"_ _e5\"> </span>-45,645<span class=\"_ _f1\"> </span>27,691</div>\n<div class=\"t m8 xe hc y284 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange rate \ufb02uctuations<span class=\"_ _5a\"> </span>-706</div>\n<div class=\"t m8 xe hd y285 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal cash \ufb02ow<span class=\"_ _6b\"> </span>8,119<span class=\"_ _9d\"> </span>2,551<span class=\"_ _a8\"> </span>43,376<span class=\"_ _e4\"> </span>0<span class=\"_ _a8\"> </span>53,341</div>\n<div class=\"t m8 xe hd y286 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ADDITIONAL INFORMA<span class=\"_ _1\"></span>TION</div>\n<div class=\"t m8 xe hc y287 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Capital expenditures<span class=\"_ _123\"> </span>-141,768<span class=\"_ _eb\"> </span>-1,958<span class=\"_ _b0\"> </span>-250<span class=\"_ _b\"> </span>-143,976</div>\n<div class=\"t m8 xe hc y288 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Proceeds fr<span class=\"_ _3\"></span>om disposals<span class=\"_ _78\"> </span>6,296<span class=\"_ _e0\"> </span>0<span class=\"_ _8e\"> </span>189<span class=\"_ _f7\"> </span>6,485</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 227px; height: 919px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 227px; height: 919px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1 h11 y42 ff2 fsb fc3 sc0 ls40 ws44\" style=\"z-index: 15;\">NOTE 3 - RE<span class=\"_ _3\"></span>C<span class=\"_ _3\"></span>ONCILIA<span class=\"_ _2\"></span>TION SE<span class=\"_ _3\"></span>GMENT REPORTING</div>\n<div class=\"t m8 x1 hb y7f ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cial in<span class=\"_ _4\"></span>for<span class=\"_ _4\"></span>mat<span class=\"_ _4\"></span>ion of e<span class=\"_ _4\"></span>ach o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ing s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>ment i<span class=\"_ _4\"></span>s revi<span class=\"_ _4\"></span>ewe<span class=\"_ _4\"></span>d by mana<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent u<span class=\"_ _4\"></span>sing t<span class=\"_ _4\"></span>he p<span class=\"_ _4\"></span>rop<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>nate co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ol<span class=\"ws2\">-</span></div>\n<div class=\"t me4 x1 hb y43 ff1 fs9 fc2 sc0 ls16 wsf\" style=\"z-index: 15;\">ida<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n met<span class=\"_ _4\"></span>hod. T<span class=\"_ _4\"></span>he b<span class=\"_ _4\"></span>elo<span class=\"_ _4\"></span>w ta<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s reco<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>ile th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cial i<span class=\"_ _4\"></span>nfor<span class=\"_ _4\"></span>ma<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n as re<span class=\"_ _4\"></span>por<span class=\"_ _7\"></span>te<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span>sol<span class=\"_ _4\"></span>idat<span class=\"_ _4\"></span>ed s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent</div>\n<div class=\"t m8 x1 hb y80 ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">of \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l pos<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>on an<span class=\"_ _4\"></span>d the c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>oli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of pr<span class=\"_ _4\"></span>o\ufb01t or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s (usin<span class=\"_ _4\"></span>g the e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y con<span class=\"_ _4\"></span>so<span class=\"_ _4\"></span>lidat<span class=\"_ _4\"></span>ion m<span class=\"_ _4\"></span>eth<span class=\"_ _4\"></span>od as r<span class=\"_ _4\"></span>e<span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y81 ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">qui<span class=\"_ _4\"></span>red u<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r IFRS 1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>) w<span class=\"_ _4\"></span>ith t<span class=\"_ _4\"></span>he \ufb01n<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>ial info<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>mati<span class=\"_ _4\"></span>on dis<span class=\"_ _4\"></span>cl<span class=\"_ _4\"></span>ose<span class=\"_ _4\"></span>d in No<span class=\"_ _4\"></span>te 2 Seg<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g (usin<span class=\"_ _4\"></span>g the p<span class=\"_ _4\"></span>rop<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n<span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y82 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">ate consolidation method).</div>\n<div class=\"t m8 x1 hd y289 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x1 hd y28a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">For the year ended December 31, 2022</div>\n<div class=\"t m8 x48 hd y289 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Proportionate</div>\n<div class=\"t m8 x49 hd y28a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">consolidation</div>\n<div class=\"t m8 x43 hd y28b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Differ<span class=\"_ _3\"></span>ence</div>\n<div class=\"t m8 x4a hd y289 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity</div>\n<div class=\"t m8 x4b hd y28a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">consolidation</div>\n<div class=\"t m8 x1 hc y28c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Revenue<span class=\"_ _124\"> </span>243,328<span class=\"_ _9c\"> </span>-87,724<span class=\"_ _9d\"> </span>155,604</div>\n<div class=\"t m8 x1 hc y28d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gain on disposal<span class=\"_ _125\"> </span>319,533<span class=\"_ _18\"> </span>109<span class=\"_ _9d\"> </span>319,643</div>\n<div class=\"t m8 x1 hc y28e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other operating income<span class=\"_ _17\"> </span>4,688<span class=\"_ _126\"> </span>-3,086<span class=\"_ _7a\"> </span>1,601</div>\n<div class=\"t m8 x1 hc y28f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>essel expenses<span class=\"_ _90\"> </span>-90,444<span class=\"_ _8a\"> </span>30,323<span class=\"_ _9c\"> </span>-60,121</div>\n<div class=\"t m8 x1 hc y290 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Raw materials and consumables used (-)<span class=\"_ _127\"> </span>-3,447<span class=\"_ _15\"> </span>0<span class=\"_ _126\"> </span>-3,447</div>\n<div class=\"t m8 x1 hc y291 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">General and administrative expenses<span class=\"_ _128\"> </span>-39,623<span class=\"_ _18\"> </span>330<span class=\"_ _9c\"> </span>-39,293</div>\n<div class=\"t m8 x1 hc y292 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Personnel expenses<span class=\"_ _a7\"> </span>-32,333<span class=\"_ _27\"> </span>0<span class=\"_ _9c\"> </span>-32,333</div>\n<div class=\"t m8 x1 hc y293 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations and amortisations<span class=\"_ _129\"> </span>-62,347<span class=\"_ _8a\"> </span>28,723<span class=\"_ _9c\"> </span>-33,624</div>\n<div class=\"t m8 x1 hc y294 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairment losses and reversals<span class=\"_ _12a\"> </span>13,743<span class=\"_ _126\"> </span>-8,975<span class=\"_ _7a\"> </span>4,768</div>\n<div class=\"t m8 x1 hc y295 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Loss on disposal<span class=\"_ _12b\"> </span>0<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0</div>\n<div class=\"t m8 x1 hc y296 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other operating expenses<span class=\"_ _12c\"> </span>-25<span class=\"_ _15\"> </span>0<span class=\"_ _44\"> </span>-25</div>\n<div class=\"t m8 x1 hd y297 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Result from operating activities<span class=\"_ _5e\"> </span>353,073<span class=\"_ _db\"> </span>-40,300<span class=\"_ _12d\"> </span>312,773</div>\n<div class=\"t m8 x1 hc y298 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income<span class=\"_ _10a\"> </span>6,651<span class=\"_ _18\"> </span>473<span class=\"_ _7a\"> </span>7,125</div>\n<div class=\"t m8 x1 hc y299 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expenses<span class=\"_ _37\"> </span>-32,484<span class=\"_ _8a\"> </span>10,530<span class=\"_ _9c\"> </span>-21,954</div>\n<div class=\"t m8 x1 hc y29a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other \ufb01nance income<span class=\"_ _4e\"> </span>12,803<span class=\"_ _126\"> </span>-3,278<span class=\"_ _7a\"> </span>9,525</div>\n<div class=\"t m8 x1 hc y29b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other \ufb01nance expenses<span class=\"_ _12e\"> </span>-18,886<span class=\"_ _7a\" style=\"margin-left: 26px;\"> </span>831<span class=\"_ _9c\"> </span>-18,055</div>\n<div class=\"t m8 x1 hd y29c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Result before income tax and shar<span class=\"_ _3\"></span>e of result of equity accounted</div>\n<div class=\"t m8 x1 hd y29d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">investees</div>\n<div class=\"t m8 x41 hd y29e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">321,157<span class=\"_ _db\"> </span>-31,743<span class=\"_ _12d\"> </span>289,414</div>\n<div class=\"t m8 x1 hc y29f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share of r<span class=\"_ _3\"></span>esult of equity accounted investees (net of income tax)<span class=\"_ _12f\"> </span>269<span class=\"_ _8a\"> </span>31,737<span class=\"_ _8a\"> </span>32,007</div>\n<div class=\"t m8 x1 hc y2a0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Income tax expense<span class=\"_ _130\"> </span>-1,079<span class=\"_ _15\"> </span>6<span class=\"_ _126\"> </span>-1,072</div>\n<div class=\"t m8 x1 hd y2a1 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Result for the period<span class=\"_ _55\"> </span>320,348<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>320,348</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 503px; height: 636px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 503px; height: 636px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m8 xe hd y2a2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 xe hd y2a3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2022</div>\n<div class=\"t m8 x4c hd y2a2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Proportionate</div>\n<div class=\"t m8 x4d hd y2a3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">consolidation</div>\n<div class=\"t m8 x47 hd y2a4 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Differ<span class=\"_ _3\"></span>ence</div>\n<div class=\"t m8 x4e hd y2a2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity</div>\n<div class=\"t m8 x4f hd y2a3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">consolidation</div>\n<div class=\"t m8 xe hc y2a5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>essels and barges<span class=\"_ _58\"> </span>719,599<span class=\"_ _8b\"> </span>-281,633<span class=\"_ _5b\"> </span>437,966</div>\n<div class=\"t m8 xe hc y2a6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other property<span class=\"_ _2\"></span>, plant and equipment<span class=\"_ _132\"> </span>14,556<span class=\"_ _15\"> </span>0<span class=\"_ _b1\"> </span>14,556</div>\n<div class=\"t m8 xe hc y2a7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Intangible assets<span class=\"_ _133\"> </span>225<span class=\"_ _15\"> </span>0<span class=\"_ _18\"> </span>225</div>\n<div class=\"t m8 xe hc y2a8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Right-of-use assets<span class=\"_ _3e\"> </span>21,949<span class=\"_ _9c\"> </span>-11,039<span class=\"_ _2e\"> </span>10,910</div>\n<div class=\"t m8 xe hc y2a9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Investments in equity accounted investees<span class=\"_ _9f\"> </span>449<span class=\"_ _eb\"> </span>106,633<span class=\"_ _5b\"> </span>107,082</div>\n<div class=\"t m8 xe hc y2aa ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity accounted investees<span class=\"_ _134\" style=\"margin-left: 29px;\"> </span>0<span class=\"_ _15\"> </span>0<span class=\"_ _44\" style=\"margin-left: 20px;\"> </span>0</div>\n<div class=\"t m8 xe hc y2ab ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Deferred tax assets<span class=\"_ _135\"> </span>1,071<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>1,071</div>\n<div class=\"t m8 xe hd y2ac ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-current assets<span class=\"_ _136\"> </span>757,849<span class=\"_ _137\"> </span>-186,039<span class=\"_ _12d\"> </span>571,810</div>\n<div class=\"t m8 xe hc y2ad ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Derivative \ufb01nancial asset<span class=\"_ _21\"> </span>3,583<span class=\"_ _126\"> </span>-3,010<span class=\"_ _18\"> </span>573</div>\n<div class=\"t m8 xe hc y2ae ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other investments<span class=\"_ _138\"> </span>1,849<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>1,849</div>\n<div class=\"t m8 xe hc y2af ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Inventories<span class=\"_ _124\"> </span>9,217<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>9,217</div>\n<div class=\"t m8 xe hc y2b0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other r<span class=\"_ _3\"></span>eceivables<span class=\"_ _50\"> </span>81,375<span class=\"_ _9c\"> </span>-14,286<span class=\"_ _8a\"> </span>67,089</div>\n<div class=\"t m8 xe hc y2b1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Short term borrowings to equity accounted investees<span class=\"_ _a5\"> </span>7,000<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>7,000</div>\n<div class=\"t m8 xe hc y2b2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current tax assets<span class=\"_ _139\"> </span>1,185<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>1,185</div>\n<div class=\"t m8 xe hc y2b3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Restricted cash<span class=\"_ _13a\"> </span>1,778<span class=\"_ _126\"> </span>-1,778<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m8 xe hc y2b4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash and cash equivalents<span class=\"_ _13b\"> </span>547,437<span class=\"_ _9c\"> </span>-27,884<span class=\"_ _9d\"> </span>519,553</div>\n<div class=\"t m8 xe hc y2b5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Assets held for sale<span class=\"_ _13c\"> </span>9,988<span class=\"_ _126\"> </span>-9,988<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m8 xe hd y2b6 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current assets<span class=\"_ _57\"> </span>663,411<span class=\"_ _db\"> </span>-56,946<span class=\"_ _12d\"> </span>606,465</div>\n<div class=\"t m8 xe hd y2b7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal assets<span class=\"_ _13d\"> </span>1,421,260<span class=\"_ _137\"> </span>-242,985<span class=\"_ _13e\"> </span>1,178,276</div>\n<div class=\"t m8 xe hd y2b8 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity<span class=\"_ _42\"> </span>798,689<span class=\"_ _131\"> </span>1<span class=\"_ _12d\"> </span>798,691</div>\n<div class=\"t m8 xe hc y2b9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings<span class=\"_ _13f\"> </span>339,284<span class=\"_ _ac\"> </span>-171,736<span class=\"_ _9d\"> </span>167,548</div>\n<div class=\"t m8 xe hc y2ba ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other payables<span class=\"_ _72\"> </span>78,000<span class=\"_ _15\"> </span>0<span class=\"_ _8a\"> </span>78,000</div>\n<div class=\"t m8 xe hc y2bb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Employee bene\ufb01ts<span class=\"_ _140\"> </span>1,040<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>1,040</div>\n<div class=\"t m8 xe hc y2bc ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-current pr<span class=\"_ _3\"></span>ovisions<span class=\"_ _4e\"> </span>3,147<span class=\"_ _126\"> </span>-2,347<span class=\"_ _18\"> </span>800</div>\n<div class=\"t m8 xe hc y2bd ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Deferred tax liabilities<span class=\"_ _141\"> </span>2,982<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>2,982</div>\n<div class=\"t m8 xe hd y2be ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-current liabilities<span class=\"_ _142\"> </span>424,453<span class=\"_ _137\"> </span>-174,083<span class=\"_ _12d\"> </span>250,370</div>\n<div class=\"t m8 xe hc y2bf ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings<span class=\"_ _13f\"> </span>104,759<span class=\"_ _9c\"> </span>-53,960<span class=\"_ _8a\"> </span>50,800</div>\n<div class=\"t m8 xe hc y2c0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other payables<span class=\"_ _143\"> </span>90,478<span class=\"_ _9c\"> </span>-14,936<span class=\"_ _8a\"> </span>75,542</div>\n<div class=\"t m8 xe hc y2c1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current tax liability<span class=\"_ _94\"> </span>2,881<span class=\"_ _144\"> </span>-8<span class=\"_ _7a\"> </span>2,873</div>\n<div class=\"t m8 xe hd y2c2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current liabilities<span class=\"_ _145\"> </span>198,118<span class=\"_ _db\"> </span>-68,903<span class=\"_ _12d\"> </span>129,215</div>\n<div class=\"t m8 xe hd y2c3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal equity and liabilities<span class=\"_ _146\"> </span>1,421,260<span class=\"_ _137\"> </span>-242,985<span class=\"_ _13e\"> </span>1,178,276</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 408px; height: 737px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 408px; height: 737px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m8 x1 hd y2a2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x1 hd y2a3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">For the year ended December 31, 2021</div>\n<div class=\"t m8 x48 hd y2a2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Proportionate</div>\n<div class=\"t m8 x49 hd y2a3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">consolidation</div>\n<div class=\"t m8 x43 hd y2a4 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Differ<span class=\"_ _3\"></span>ence</div>\n<div class=\"t m8 x4a hd y2a2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity</div>\n<div class=\"t m8 x4b hd y2a3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">consolidation</div>\n<div class=\"t m8 x1 hc y2a5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Revenue<span class=\"_ _124\"> </span>247,046<span class=\"_ _9c\"> </span>-98,816<span class=\"_ _9d\"> </span>148,229</div>\n<div class=\"t m8 x1 hc y2a6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gain on disposal<span class=\"_ _133\"> </span>204<span class=\"_ _64\"> </span>-151<span class=\"_ _1a\"> </span>52</div>\n<div class=\"t m8 x1 hc y2a7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other operating income<span class=\"_ _b3\"> </span>990<span class=\"_ _27\"> </span>0<span class=\"_ _18\"> </span>990</div>\n<div class=\"t m8 x1 hc y2c4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>essel expenses<span class=\"_ _90\"> </span>-80,634<span class=\"_ _8a\"> </span>35,565<span class=\"_ _9c\"> </span>-45,068</div>\n<div class=\"t m8 x1 hc y2c5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">General and administrative expenses<span class=\"_ _128\"> </span>-25,149<span class=\"_ _18\"> </span>613<span class=\"_ _9c\"> </span>-24,536</div>\n<div class=\"t m8 x1 hc y2c6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Personnel expenses<span class=\"_ _a7\"> </span>-27,355<span class=\"_ _27\"> </span>6<span class=\"_ _9c\"> </span>-27,349</div>\n<div class=\"t m8 x1 hc y2c7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations and amortisations<span class=\"_ _129\"> </span>-62,126<span class=\"_ _8a\"> </span>30,762<span class=\"_ _9c\"> </span>-31,364</div>\n<div class=\"t m8 x1 hc y2c8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairment losses and reversals<span class=\"_ _147\"> </span>-14,385<span class=\"_ _126\"> </span>-3,200<span class=\"_ _9c\"> </span>-17,585</div>\n<div class=\"t m8 x1 hc y2ad ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Loss on disposal<span class=\"_ _148\"> </span>-143<span class=\"_ _1a\"> </span>43<span class=\"_ _64\"> </span>-100</div>\n<div class=\"t m8 x1 hc y2ae ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other operating expenses<span class=\"_ _149\"> </span>-1,473<span class=\"_ _18\"> </span>585<span class=\"_ _64\"> </span>-888</div>\n<div class=\"t m8 x1 hd y2af ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Result from operating activities<span class=\"_ _14a\"> </span>36,975<span class=\"_ _db\"> </span>-34,593<span class=\"_ _126\"> </span>2,382</div>\n<div class=\"t m8 x1 hc y2c9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income<span class=\"_ _10a\"> </span>1,337<span class=\"_ _18\"> </span>200<span class=\"_ _7a\"> </span>1,537</div>\n<div class=\"t m8 x1 hc y2ca ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expenses<span class=\"_ _37\"> </span>-30,125<span class=\"_ _8a\"> </span>14,599<span class=\"_ _9c\"> </span>-15,526</div>\n<div class=\"t m8 x1 hc y2cb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other \ufb01nance income<span class=\"_ _4e\"> </span>10,426<span class=\"_ _64\"> </span>-229<span class=\"_ _8a\"> </span>10,198</div>\n<div class=\"t m8 x1 hc y2cc ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other \ufb01nance expenses<span class=\"_ _14b\"> </span>-3,482<span class=\"_ _64\" style=\"margin-left: -25px;\"> </span>-3,303<span class=\"_ _126\"> </span>-6,785</div>\n<div class=\"t m8 x1 hd y2cd ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Result before income tax and shar<span class=\"_ _3\"></span>e of result of equity accounted</div>\n<div class=\"t m8 x1 hd y2ce ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">investees</div>\n<div class=\"t m8 x50 hd y2cf ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">15,131<span class=\"_ _db\"> </span>-23,326<span class=\"_ _a0\"> </span>-8,195</div>\n<div class=\"t m8 x1 hc y2d0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share of r<span class=\"_ _3\"></span>esult of equity accounted investees (net of income tax)<span class=\"_ _14c\"> </span>-1,499<span class=\"_ _8a\"> </span>23,268<span class=\"_ _8a\"> </span>21,769</div>\n<div class=\"t m8 x1 hc y2d1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Income tax expense<span class=\"_ _130\"> </span>-1,997<span class=\"_ _1a\"> </span>58<span class=\"_ _126\"> </span>-1,939</div>\n<div class=\"t m8 x1 hd y2d2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Result for the period<span class=\"_ _12c\"> </span>11,635<span class=\"_ _131\"> </span>0<span class=\"_ _14d\"> </span>11,635</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 661px; height: 484px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 661px; height: 484px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m8 xe hd y2a2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 xe hd y2a3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2021</div>\n<div class=\"t m8 x4c hd y2a2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Proportionate</div>\n<div class=\"t m8 x4d hd y2a3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">consolidation</div>\n<div class=\"t m8 x47 hd y2a4 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Differ<span class=\"_ _3\"></span>ence</div>\n<div class=\"t m8 x4e hd y2a2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity</div>\n<div class=\"t m8 x4f hd y2a3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">consolidation</div>\n<div class=\"t m8 xe hc y2a5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>essels and barges<span class=\"_ _58\"> </span>964,481<span class=\"_ _8b\"> </span>-316,045<span class=\"_ _5b\"> </span>648,436</div>\n<div class=\"t m8 xe hc y2a6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other property<span class=\"_ _2\"></span>, plant and equipment<span class=\"_ _6a\"> </span>1,274<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>1,274</div>\n<div class=\"t m8 xe hc y2a7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Loan receivables intra-segment<span class=\"_ _14e\"> </span>82<span class=\"_ _15\"> </span>0<span class=\"_ _1a\"> </span>82</div>\n<div class=\"t m8 xe hc y2a8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Right-of-use assets<span class=\"_ _3e\"> </span>21,356<span class=\"_ _14d\"> </span>-15,356<span class=\"_ _7a\"> </span>6,000</div>\n<div class=\"t m8 xe hc y2a9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Investments in equity accounted investees<span class=\"_ _14f\"> </span>5,369<span class=\"_ _8a\"> </span>81,391<span class=\"_ _8a\"> </span>86,760</div>\n<div class=\"t m8 xe hc y2aa ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity accounted investees<span class=\"_ _150\"> </span>5<span class=\"_ _8a\"> </span>24,756<span class=\"_ _8a\"> </span>24,760</div>\n<div class=\"t m8 xe hc y2ab ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Derivative \ufb01nancial asset<span class=\"_ _151\"> </span>759<span class=\"_ _64\"> </span>-759<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m8 xe hc y2ac ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Deferred tax assets<span class=\"_ _13a\"> </span>0<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0</div>\n<div class=\"t m8 xe hd y2d3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-current assets<span class=\"_ _136\"> </span>993,326<span class=\"_ _137\"> </span>-226,013<span class=\"_ _12d\"> </span>767,312</div>\n<div class=\"t m8 xe hc y2ae ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Derivative \ufb01nancial asset<span class=\"_ _151\"> </span>920<span class=\"_ _15\"> </span>0<span class=\"_ _18\"> </span>920</div>\n<div class=\"t m8 xe hc y2af ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other investments<span class=\"_ _138\"> </span>1,849<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>1,849</div>\n<div class=\"t m8 xe hc y2b0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other r<span class=\"_ _3\"></span>eceivables<span class=\"_ _50\"> </span>70,462<span class=\"_ _9c\"> </span>-15,308<span class=\"_ _8a\"> </span>55,154</div>\n<div class=\"t m8 xe hc y2b1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Short term borrowings to equity accounted investees<span class=\"_ _a5\"> </span>7,887<span class=\"_ _7a\"> </span>7,520<span class=\"_ _8a\"> </span>15,407</div>\n<div class=\"t m8 xe hc y2b2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current tax assets<span class=\"_ _139\"> </span>1,003<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>1,003</div>\n<div class=\"t m8 xe hc y2b3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Restricted cash<span class=\"_ _28\"> </span>77,882<span class=\"_ _126\"> </span>-1,761<span class=\"_ _8a\"> </span>76,121</div>\n<div class=\"t m8 xe hc y2b4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash and cash equivalents<span class=\"_ _13b\"> </span>107,074<span class=\"_ _9c\"> </span>-35,945<span class=\"_ _8a\"> </span>71,130</div>\n<div class=\"t m8 xe hc y2b5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Assets held for sale<span class=\"_ _a9\"> </span>17,709<span class=\"_ _126\"> </span>-5,209<span class=\"_ _b1\"> </span>12,500</div>\n<div class=\"t m8 xe hd y2b6 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current assets<span class=\"_ _57\"> </span>284,787<span class=\"_ _db\"> </span>-50,703<span class=\"_ _12d\"> </span>234,083</div>\n<div class=\"t m8 xe hd y2b7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal assets<span class=\"_ _13d\"> </span>1,278,113<span class=\"_ _137\"> </span>-276,716<span class=\"_ _13e\"> </span>1,001,395</div>\n<div class=\"t m8 xe hd y2b8 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity<span class=\"_ _42\"> </span>536,502<span class=\"_ _131\"> </span>1<span class=\"_ _12d\"> </span>536,503</div>\n<div class=\"t m8 xe hc y2b9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings<span class=\"_ _13f\"> </span>531,502<span class=\"_ _ac\"> </span>-217,686<span class=\"_ _9d\"> </span>313,816</div>\n<div class=\"t m8 xe hc y2ba ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Employee bene\ufb01ts<span class=\"_ _152\"> </span>730<span class=\"_ _15\"> </span>0<span class=\"_ _18\"> </span>730</div>\n<div class=\"t m8 xe hc y2bb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-current pr<span class=\"_ _3\"></span>ovisions<span class=\"_ _4e\"> </span>3,147<span class=\"_ _126\"> </span>-2,347<span class=\"_ _18\"> </span>800</div>\n<div class=\"t m8 xe hd y2bc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-current liabilities<span class=\"_ _142\"> </span>535,379<span class=\"_ _137\"> </span>-220,032<span class=\"_ _12d\"> </span>315,347</div>\n<div class=\"t m8 xe hc y2d4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings<span class=\"_ _13f\"> </span>145,445<span class=\"_ _9c\"> </span>-34,450<span class=\"_ _9d\"> </span>110,995</div>\n<div class=\"t m8 xe hc y2d5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other payables<span class=\"_ _143\"> </span>59,474<span class=\"_ _9c\"> </span>-22,233<span class=\"_ _8a\"> </span>37,241</div>\n<div class=\"t m8 xe hc y2bf ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current tax liability<span class=\"_ _94\"> </span>1,314<span class=\"_ _144\"> </span>-5<span class=\"_ _7a\"> </span>1,309</div>\n<div class=\"t m8 xe hc y2c0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current derivative \ufb01nancial instruments<span class=\"_ _79\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m8 xe hd y2c1 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current liabilities<span class=\"_ _145\"> </span>206,233<span class=\"_ _db\"> </span>-56,687<span class=\"_ _12d\"> </span>149,546</div>\n<div class=\"t m8 xe hd y2c2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal equity and liabilities<span class=\"_ _146\"> </span>1,278,113<span class=\"_ _137\"> </span>-276,719<span class=\"_ _13e\"> </span>1,001,395</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 428px; height: 717px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 428px; height: 717px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1 h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 4 \u2013 D<span class=\"_ _3\"></span>IVESTITURES</div>\n<div class=\"t m0 x1 h6 y1ba ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Sal<span class=\"_ _4\"></span>e of 1<span class=\"_ _1\"></span>0<span class=\"_ _4\"></span>0% s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es in E<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>por<span class=\"_ _4\"></span>t L<span class=\"_ _4\"></span>NG Ltd, owne<span class=\"_ _4\"></span>r of th<span class=\"_ _4\"></span>e T<span class=\"_ _1\"></span>ANGO FLNG</div>\n<div class=\"t m4d x1 hb y80 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">Per Jun<span class=\"_ _4\"></span>e 30, 2022, th<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>ies of E<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t LN<span class=\"_ _4\"></span>G Ltd, a 100<span class=\"_ _4\"></span>% sub<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>iar<span class=\"_ _4\"></span>y, were pr<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d as hel<span class=\"_ _4\"></span>d for s<span class=\"_ _4\"></span>ale.</div>\n<div class=\"t m25f x1 hb y81 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">On A<span class=\"_ _4\"></span>ugu<span class=\"_ _4\"></span>st 5, 2022, E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR an<span class=\"_ _4\"></span>d Eni en<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>d into a s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>e pur<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>se ag<span class=\"_ _4\"></span>ree<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t to sell a<span class=\"_ _4\"></span>ll the s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es of E<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t LN<span class=\"_ _4\"></span>G</div>\n<div class=\"t m8 x1 hb y82 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">Ltd, th<span class=\"_ _4\"></span>e ow<span class=\"_ _4\"></span>ning co<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>any of th<span class=\"_ _4\"></span>e \ufb02oat<span class=\"_ _4\"></span>ing li<span class=\"_ _4\"></span>quef<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n unit T<span class=\"_ _3\"></span>ANGO FL<span class=\"_ _4\"></span>NG. Th<span class=\"_ _4\"></span>e bala<span class=\"_ _4\"></span>nce s<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>et of E<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>por<span class=\"_ _7\"></span>t LN<span class=\"_ _4\"></span>G Ltd, at</div>\n<div class=\"t m8 x1 hb y2d6 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Jun<span class=\"_ _4\"></span>e 30, 2022 c<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>n be de<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>iled a<span class=\"_ _4\"></span>s follo<span class=\"_ _4\"></span>ws:</div>\n<div class=\"t m8 x1 hd y2d7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _153\"> </span>Balance as per 30 June 2022</div>\n<div class=\"t m8 x1 hc y2d8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Barge<span class=\"_ _154\"> </span>256,180</div>\n<div class=\"t m8 x1 hc y2d9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other r<span class=\"_ _3\"></span>eceivables<span class=\"_ _155\"> </span>281</div>\n<div class=\"t m8 x1 hc y2da ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Restricted cash<span class=\"_ _156\"> </span>76,182</div>\n<div class=\"t m8 x1 hc y2db ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash and cash equivalents<span class=\"_ _157\"> </span>67</div>\n<div class=\"t m8 x1 hd y2dc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal assets held for sale<span class=\"_ _158\"> </span>332,710</div>\n<div class=\"t m8 x1 hc y2dd ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings<span class=\"_ _159\"> </span>-121,640</div>\n<div class=\"t m8 x1 hc y2de ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other payables<span class=\"_ _15a\"> </span>-3,943</div>\n<div class=\"t m8 x1 hd y2df ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal liabilities held for sale<span class=\"_ _4b\"> </span>-125,583</div>\n<div class=\"t m260 x1 hb y4e ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s of Aug<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>t 1<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>, 202<span class=\"_ _4\"></span>2, EXM<span class=\"_ _4\"></span>AR re<span class=\"_ _4\"></span>pai<span class=\"_ _4\"></span>d the o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>and<span class=\"_ _4\"></span>ing b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s towa<span class=\"_ _4\"></span>rds B<span class=\"_ _4\"></span>ank of C<span class=\"_ _4\"></span>hina fo<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cing o<span class=\"_ _4\"></span>f the</div>\n<div class=\"t m261 x1 hb y72 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>AN<span class=\"_ _4\"></span>GO FLNG a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e rela<span class=\"_ _4\"></span>ted re<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d ca<span class=\"_ _4\"></span>sh b<span class=\"_ _4\"></span>alanc<span class=\"_ _4\"></span>e was r<span class=\"_ _4\"></span>elea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d (see N<span class=\"_ _4\"></span>otes 28 Bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owi<span class=\"_ _4\"></span>ngs an<span class=\"_ _4\"></span>d 25 Res<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ric<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m8 x1 hb y4f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ca<span class=\"_ _4\"></span>sh a<span class=\"_ _4\"></span>nd c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h and c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h eq<span class=\"_ _4\"></span>uiv<span class=\"_ _4\"></span>alen<span class=\"_ _4\"></span>ts r<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tive<span class=\"_ _4\"></span>ly).</div>\n<div class=\"t m15c x1 hb y50 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">On A<span class=\"_ _4\"></span>ugu<span class=\"_ _4\"></span>st 26, 202<span class=\"_ _4\"></span>2, the s<span class=\"_ _4\"></span>hare s<span class=\"_ _4\"></span>ale w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h Eni was c<span class=\"_ _4\"></span>los<span class=\"_ _4\"></span>ed f<span class=\"_ _4\"></span>or a c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h con<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n of USD 6<span class=\"_ _4\"></span>46.7 millio<span class=\"_ _4\"></span>n, st<span class=\"_ _4\"></span>ill su<span class=\"_ _4\"></span>bje<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t</div>\n<div class=\"t mb8 x1 hb y51 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">to a pr<span class=\"_ _4\"></span>ice a<span class=\"_ _4\"></span>dju<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt bet<span class=\"_ _7\"></span>wee<span class=\"_ _4\"></span>n plu<span class=\"_ _4\"></span>s USD 44.0 mi<span class=\"_ _4\"></span>llion a<span class=\"_ _4\"></span>nd min<span class=\"_ _4\"></span>us USD 78.0 million, d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>ing on t<span class=\"_ _4\"></span>he ac<span class=\"_ _7\"></span>tua<span class=\"_ _4\"></span>l per<span class=\"_ _7\"></span>for<span class=\"ws2\">-</span></div>\n<div class=\"t m262 x1 hb y52 ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">man<span class=\"_ _4\"></span>ce of th<span class=\"_ _4\"></span>e T<span class=\"_ _1\"></span>AN<span class=\"_ _4\"></span>GO FLNG d<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he \ufb01r<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t six m<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>hs on s<span class=\"_ _4\"></span>ite. In t<span class=\"_ _4\"></span>his re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t, E<span class=\"_ _4\"></span>X<span class=\"_ _4\"></span>MAR d<span class=\"_ _4\"></span>efe<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ed reve<span class=\"_ _4\"></span>nue of U<span class=\"_ _4\"></span>SD 78.0</div>\n<div class=\"t m12 x1 hb y53 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">millio<span class=\"_ _4\"></span>n and r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>rde<span class=\"_ _4\"></span>d thi<span class=\"_ _4\"></span>s as a co<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>gent c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n liabil<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>, w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h will b<span class=\"_ _4\"></span>e evalu<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d in 2024. EX<span class=\"_ _4\"></span>MAR r<span class=\"_ _4\"></span>ealize<span class=\"_ _4\"></span>d a</div>\n<div class=\"t m8 x1 hb y54 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">gain o<span class=\"_ _4\"></span>f USD 31<span class=\"_ _1\"></span>5.<span class=\"_ _3\"></span>7 millio<span class=\"_ _4\"></span>n on t<span class=\"_ _4\"></span>his tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>sac<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n (see N<span class=\"_ _4\"></span>ote 7 Gai<span class=\"_ _4\"></span>n on di<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>als).</div>\n<div class=\"t m8 x1 hb y1da ff1 fs9 fc2 sc0 ls2 ws24\" style=\"z-index: 15;\">The sale of the shares of Export LNG triggered a repayment and termination of the USD 50.0 million Sequoia credit</div>\n<div class=\"t m8 x14 hb y73 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m1ac x1 hb y55 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15; word-spacing: 2px;\">facility, which was used in its entirety at the end of June 2022. Repayment occurred on August 29, 2022 (see also</div>\n<div class=\"t m8 x1 hb y56 ff1 fs9 fc2 sc0 ls13 wsc\" style=\"z-index: 15;\">Note 28 Borrowings).</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 591px; height: 548px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 591px; height: 548px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 xe h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 5 -<span class=\"ls56 ws5e\"> B<span class=\"_ _3\"></span>US<span class=\"_ _3\"></span>INESS C<span class=\"_ _3\"></span>OMBINA<span class=\"_ _2\"></span>TIONS AND OTHER SHARE DE<span class=\"_ _4\"></span>ALS</span></div>\n<div class=\"t m0 xe h6 y1ba ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Bex<span class=\"_ _1\"></span>co NV \u2013 business combination</div>\n<div class=\"t m263 xe hb y80 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Bexc<span class=\"_ _4\"></span>o NV is a le<span class=\"_ _4\"></span>adi<span class=\"_ _4\"></span>ng Euro<span class=\"_ _4\"></span>pea<span class=\"_ _4\"></span>n manu<span class=\"_ _4\"></span>fa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>rer of p<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>isio<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>e<span class=\"_ _4\"></span>ngin<span class=\"_ _4\"></span>eer<span class=\"_ _4\"></span>ed s<span class=\"_ _4\"></span>ynt<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>ic mo<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>ing, tow<span class=\"_ _4\"></span>ing a<span class=\"_ _4\"></span>nd lif<span class=\"_ _7\"></span>ting r<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>es</div>\n<div class=\"t m8 xe hb y81 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">for of<span class=\"_ _7\"></span>fs<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>re, mari<span class=\"_ _4\"></span>ne an<span class=\"_ _4\"></span>d ind<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ial ap<span class=\"_ _4\"></span>pli<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>tion<span class=\"_ _4\"></span>s, bas<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n Belgium. T<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup o<span class=\"_ _4\"></span>wne<span class=\"_ _4\"></span>d 4<span class=\"_ _4\"></span>4.<span class=\"_ _1\"></span>91<span class=\"_ _1\"></span>% of th<span class=\"_ _4\"></span>e sha<span class=\"_ _4\"></span>res a<span class=\"_ _4\"></span>nd up</div>\n<div class=\"t m264 xe hb y82 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">till O<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tob<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2022 B<span class=\"_ _4\"></span>exco NV w<span class=\"_ _4\"></span>as in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span>soli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s as an e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted in<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m265 xe hb y83 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">ves<span class=\"_ _4\"></span>tee. O<span class=\"_ _4\"></span>n Nove<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r 1<span class=\"_ _1\"></span>, 2022, t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up ac<span class=\"_ _4\"></span>quir<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>maini<span class=\"_ _4\"></span>ng 55.09% s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es of Be<span class=\"_ _4\"></span>xco NV a<span class=\"_ _4\"></span>nd si<span class=\"_ _4\"></span>nce in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>ded</div>\n<div class=\"t m8 xe hb y84 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">in f<span class=\"_ _4\"></span>ull in t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>nso<span class=\"_ _4\"></span>lida<span class=\"_ _4\"></span>ted \ufb01n<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>ial s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>teme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m266 xe hb y85 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">In ac<span class=\"_ _4\"></span>cor<span class=\"_ _4\"></span>danc<span class=\"_ _4\"></span>e wit<span class=\"_ _4\"></span>h IFRS 3 B<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>mbi<span class=\"_ _4\"></span>nati<span class=\"_ _4\"></span>ons, E<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>mar G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p rem<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d it<span class=\"_ _4\"></span>s pr<span class=\"_ _4\"></span>evio<span class=\"_ _4\"></span>usl<span class=\"_ _4\"></span>y hel<span class=\"_ _4\"></span>d 44.<span class=\"_ _1\"></span>91<span class=\"_ _1\"></span>% i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t at</div>\n<div class=\"t m267 xe hb y86 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">acq<span class=\"_ _4\"></span>uis<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n date f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue a<span class=\"_ _4\"></span>nd a gai<span class=\"_ _4\"></span>n of USD 3.<span class=\"_ _1\"></span>1 million w<span class=\"_ _4\"></span>as re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d in pr<span class=\"_ _4\"></span>o\ufb01t an<span class=\"_ _4\"></span>d los<span class=\"_ _4\"></span>s, net o<span class=\"_ _4\"></span>f a los<span class=\"_ _4\"></span>s of USD 0.8</div>\n<div class=\"t m268 xe hb y87 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">millio<span class=\"_ _4\"></span>n fr<span class=\"_ _4\"></span>om re<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>yclin<span class=\"_ _4\"></span>g the c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>y tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>lat<span class=\"_ _4\"></span>ion ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t (see N<span class=\"_ _4\"></span>ote 7 Gain o<span class=\"_ _4\"></span>n dis<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sa<span class=\"_ _4\"></span>l). The as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s acq<span class=\"_ _4\"></span>uir<span class=\"_ _4\"></span>ed an<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 xe hb y8c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es as<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>d were r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnize<span class=\"_ _4\"></span>d at 100<span class=\"_ _4\"></span>% of t<span class=\"_ _4\"></span>heir f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue an<span class=\"_ _4\"></span>d de<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>mine<span class=\"_ _4\"></span>d th<span class=\"_ _4\"></span>e bad<span class=\"_ _4\"></span>wil<span class=\"_ _4\"></span>l.</div>\n<div class=\"t m8 xe hb ycd ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e fair v<span class=\"_ _4\"></span>alu<span class=\"_ _4\"></span>e of the i<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>nti\ufb01a<span class=\"_ _4\"></span>ble a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es of Be<span class=\"_ _4\"></span>xco NV at a<span class=\"_ _4\"></span>cqu<span class=\"_ _4\"></span>isi<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n date c<span class=\"_ _4\"></span>an b<span class=\"_ _4\"></span>e det<span class=\"_ _4\"></span>ail<span class=\"_ _4\"></span>ed as f<span class=\"_ _4\"></span>ollow<span class=\"_ _4\"></span>s:</div>\n<div class=\"t m8 xe hd y2e0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _15b\"> </span>Fair value on acquisition date</div>\n<div class=\"t m8 xe hd y2e1 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Assets</div>\n<div class=\"t m8 xe hc y2e2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Property<span class=\"_ _2\"></span>, plant &amp; equipment\u2005<span class=\"_ _15c\"> </span>13,069</div>\n<div class=\"t m8 xe hc y2e3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Intangible assets<span class=\"_ _15d\"> </span>155</div>\n<div class=\"t m8 xe hc y2e4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Right-of-use assets<span class=\"_ _15e\"> </span>5,609</div>\n<div class=\"t m8 xe hc y2e5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Inventories<span class=\"_ _156\"> </span>11,389</div>\n<div class=\"t m8 xe hc y2e6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other r<span class=\"_ _3\"></span>eceivables<span class=\"_ _15f\"> </span>8,002</div>\n<div class=\"t m8 xe hc y2e7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash and cash equivalents<span class=\"_ _160\"> </span>532</div>\n<div class=\"t m8 x51 hd y2e8 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">38,756</div>\n<div class=\"t m8 xe hd y2e9 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Liabilities</div>\n<div class=\"t m8 xe hc y2ea ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-current borr<span class=\"_ _3\"></span>owings<span class=\"_ _161\"> </span>4,762</div>\n<div class=\"t m8 xe hc y2eb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Deferred tax liability<span class=\"_ _162\"> </span>2,869</div>\n<div class=\"t m8 xe hc y2ec ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Short-term borrowings<span class=\"_ _163\"> </span>2,922</div>\n<div class=\"t m8 xe hc y2ed ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other payables<span class=\"_ _109\"> </span>9,867</div>\n<div class=\"t m8 x51 hd y2ee ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">20,419</div>\n<div class=\"t m8 xe hd y2ef ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal identi\ufb01able net assets at fair value<span class=\"_ _13a\"> </span>18,337</div>\n<div class=\"t m8 x1b hc y2f0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fair value of previously held investment of 44.9%<span class=\"_ _164\"> </span>8,245</div>\n<div class=\"t m8 x1b hc y2f1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Consideration transferred for the additional 55.09% inter<span class=\"_ _3\"></span>est acquired<span class=\"_ _45\"> </span>9,701</div>\n<div class=\"t m8 xe hd y2f2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal consideration<span class=\"_ _15a\"> </span>17,945</div>\n<div class=\"t m8 xe hd y2f3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Badwill arising on acquisition<span class=\"_ _15c\"> </span>-392</div>\n<div class=\"t m269 xe hb y5e ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">The d<span class=\"_ _4\"></span>ete<span class=\"_ _4\"></span>rmi<span class=\"_ _4\"></span>nati<span class=\"_ _4\"></span>on of t<span class=\"_ _4\"></span>he fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>es of pr<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y, plant an<span class=\"_ _4\"></span>d eq<span class=\"_ _4\"></span>uip<span class=\"_ _4\"></span>ment w<span class=\"_ _4\"></span>as ba<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d on ex<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>rn<span class=\"_ _4\"></span>al valu<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m26a xe hb y5f ff1 fs9 fc2 sc0 ls17 wsb\" style=\"z-index: 15;\">Invent<span class=\"_ _4\"></span>ori<span class=\"_ _4\"></span>es we<span class=\"_ _4\"></span>re fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>ed b<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d on t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted s<span class=\"_ _4\"></span>ale<span class=\"_ _4\"></span>s pr<span class=\"_ _4\"></span>ice min<span class=\"_ _4\"></span>us es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d sell<span class=\"_ _4\"></span>ing co<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>. T<span class=\"_ _1\"></span>ra<span class=\"_ _4\"></span>de an<span class=\"_ _4\"></span>d oth<span class=\"_ _4\"></span>er</div>\n<div class=\"t m8 xe hb y60 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rec<span class=\"_ _4\"></span>eiv<span class=\"_ _4\"></span>able<span class=\"_ _4\"></span>s wer<span class=\"_ _4\"></span>e rec<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>ed at t<span class=\"_ _4\"></span>heir n<span class=\"_ _4\"></span>omi<span class=\"_ _4\"></span>nal val<span class=\"_ _4\"></span>ue as t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>ull con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ual am<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>re ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted t<span class=\"_ _4\"></span>o be co<span class=\"_ _4\"></span>llec<span class=\"_ _7\"></span>tib<span class=\"_ _4\"></span>le.</div>\n<div class=\"t m8 xe hb y74 ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">A mino<span class=\"_ _4\"></span>r bad<span class=\"_ _4\"></span>wil<span class=\"_ _4\"></span>l of USD 0.4 millio<span class=\"_ _4\"></span>n aro<span class=\"_ _4\"></span>se in t<span class=\"_ _4\"></span>he ac<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>sit<span class=\"_ _4\"></span>ion of B<span class=\"_ _4\"></span>exco an<span class=\"_ _4\"></span>d has b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n reco<span class=\"_ _4\"></span>rde<span class=\"_ _4\"></span>d dir<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ly in p<span class=\"_ _4\"></span>ro\ufb01t i<span class=\"_ _4\"></span>n the</div>\n<div class=\"t m8 xe hb y2f4 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ca<span class=\"_ _4\"></span>pti<span class=\"_ _4\"></span>on \u201cGain on d<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>pos<span class=\"_ _4\"></span>al\u201d (se<span class=\"_ _4\"></span>e Note 7 Gai<span class=\"_ _4\"></span>n on di<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>al).</div>\n<div class=\"t m8 xe hb y2f5 ff1 fs9 fc2 sc0 ls2 ws3b\" style=\"z-index: 15;\">From acquisition date, Bexco NV has contributed USD 7.3 million in revenue. Had this business combination been</div>\n<div class=\"t m8 xe hb y2f6 ff1 fs9 fc2 sc0 ls23 ws2d\" style=\"z-index: 15;\">effected at January 1, 2022, the revenue of the Group would have been USD 21.3 million higher.</div>\n<div class=\"t m0 xe h6 y208 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Sol<span class=\"_ _4\"></span>aia Sh<span class=\"_ _4\"></span>ipp<span class=\"_ _4\"></span>ing LLC</div>\n<div class=\"t m164 xe hb y79 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">On A<span class=\"_ _4\"></span>ugu<span class=\"_ _4\"></span>st 3<span class=\"_ _4\"></span>0, 2022, E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R sig<span class=\"_ _4\"></span>ned a<span class=\"_ _4\"></span>n agr<span class=\"_ _4\"></span>eem<span class=\"_ _4\"></span>ent w<span class=\"_ _4\"></span>ith SE<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span>PE<span class=\"_ _4\"></span>AK Ma<span class=\"_ _4\"></span>rit<span class=\"_ _4\"></span>ime H<span class=\"_ _4\"></span>old<span class=\"_ _4\"></span>co LLC, to i<span class=\"_ _4\"></span>ncre<span class=\"_ _4\"></span>ase i<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s own<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>shi<span class=\"_ _4\"></span>p</div>\n<div class=\"t m26b xe hb y66 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">sha<span class=\"_ _4\"></span>re in S<span class=\"_ _4\"></span>olaia S<span class=\"_ _4\"></span>hip<span class=\"_ _4\"></span>ping L<span class=\"_ _4\"></span>LC (\u201c<span class=\"_ _3\"></span>Sol<span class=\"_ _4\"></span>aia\u201d) fro<span class=\"_ _4\"></span>m 50% to 10<span class=\"_ _4\"></span>0%<span class=\"_ _4\"></span>. Solai<span class=\"_ _4\"></span>a is th<span class=\"_ _4\"></span>e own<span class=\"_ _4\"></span>er of t<span class=\"_ _4\"></span>he E<span class=\"_ _4\"></span>XCA<span class=\"_ _4\"></span>LIBUR L<span class=\"_ _4\"></span>NG c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>er<span class=\"_ _1\"></span>. O<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 xe hb y67 ff1 fs9 fc2 sc0 ls2 ws12\" style=\"z-index: 15;\">Se<span class=\"_ _4\"></span>ptem<span class=\"_ _4\"></span>ber 2<span class=\"_ _4\"></span>0, 2022, the t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on wa<span class=\"_ _4\"></span>s clo<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d and af<span class=\"_ _7\"></span>ter d<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y do<span class=\"_ _4\"></span>ck<span class=\"_ _4\"></span>, the E<span class=\"_ _4\"></span>XC<span class=\"_ _4\"></span>ALI<span class=\"_ _4\"></span>BUR wa<span class=\"_ _4\"></span>s conve<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d into a FSU. A<span class=\"_ _4\"></span>s</div>\n<div class=\"t m26c xe hb y68 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">fr<span class=\"_ _4\"></span>om Oc<span class=\"_ _7\"></span>tob<span class=\"_ _4\"></span>er 202<span class=\"_ _4\"></span>2, the E<span class=\"_ _4\"></span>XCA<span class=\"_ _4\"></span>LIBU<span class=\"_ _4\"></span>R is em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>d un<span class=\"_ _4\"></span>der a 10<span class=\"_ _4\"></span>-ye<span class=\"_ _4\"></span>ar cha<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r agr<span class=\"_ _4\"></span>eem<span class=\"_ _4\"></span>ent fo<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e Eni pro<span class=\"_ _4\"></span>jec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>. We also</div>\n<div class=\"t m8 xe hb y69 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">refer to Note 4 Divestitures for additional information on the transaction with Eni.</div>\n<div class=\"t m26d xe hb y6a ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">Thi<span class=\"_ _4\"></span>s tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion d<span class=\"_ _4\"></span>oes n<span class=\"_ _4\"></span>ot mee<span class=\"_ _4\"></span>t the d<span class=\"_ _4\"></span>e\ufb01ni<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of a \u201cbusi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s\u201d as sp<span class=\"_ _4\"></span>eci<span class=\"_ _4\"></span>\ufb01ed u<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r IFRS 3 an<span class=\"_ _4\"></span>d thu<span class=\"_ _4\"></span>s no ac<span class=\"_ _4\"></span>quis<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>on</div>\n<div class=\"t m256 xe hb y7b ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">met<span class=\"_ _4\"></span>hod o<span class=\"_ _4\"></span>f acco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ing c<span class=\"_ _4\"></span>an b<span class=\"_ _4\"></span>e app<span class=\"_ _4\"></span>lied<span class=\"_ _4\"></span>. Ins<span class=\"_ _4\"></span>tea<span class=\"_ _4\"></span>d, EX<span class=\"_ _4\"></span>MAR a<span class=\"_ _4\"></span>cqui<span class=\"_ _4\"></span>red t<span class=\"_ _4\"></span>he un<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>rly<span class=\"_ _4\"></span>ing \u201c<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>\u201d and co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uent<span class=\"_ _4\"></span>ly re<span class=\"_ _4\"></span>cord<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m26e xe hb y6b ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">ed t<span class=\"_ _4\"></span>he ad<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>iona<span class=\"_ _4\"></span>l 50% s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ake in th<span class=\"_ _4\"></span>e E<span class=\"_ _4\"></span>XCAL<span class=\"_ _4\"></span>IBUR at i<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>gre<span class=\"_ _4\"></span>ed pr<span class=\"_ _4\"></span>ice o<span class=\"_ _4\"></span>f USD 8.8 millio<span class=\"_ _4\"></span>n, net of de<span class=\"_ _4\"></span>bt. S<span class=\"_ _4\"></span>ee als<span class=\"_ _4\"></span>o Note</div>\n<div class=\"t m8 xe hb y6c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">1<span class=\"_ _1\"></span>4 Vess<span class=\"_ _4\"></span>els a<span class=\"_ _4\"></span>nd b<span class=\"_ _4\"></span>arge<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 162px; height: 977px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 162px; height: 977px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1 h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 6 \u2013 REVENUE</div>\n<div class=\"t m8 x1 hd y2f7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y2f8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Shipping segment<span class=\"_ _165\"> </span>51,936<span class=\"_ _1a\"> </span>36,414</div>\n<div class=\"t m8 x1 hc y2f9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Infrastructure segment - or<span class=\"_ _3\"></span>dinary revenue<span class=\"_ _d4\"> </span>78,152<span class=\"_ _1a\"> </span>32,710</div>\n<div class=\"t m8 x1 hc y2fa ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Infrastructure segment - settlement fees<span class=\"_ _166\"> </span>0<span class=\"_ _1a\"> </span>56,840</div>\n<div class=\"t m8 x1 hc y2fb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Supporting services segment - ordinary r<span class=\"_ _3\"></span>evenue<span class=\"_ _167\"> </span>25,517<span class=\"_ _1a\"> </span>21,768</div>\n<div class=\"t m8 x1 hc y20b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Supporting services segment - settlement fees<span class=\"_ _168\"> </span>0<span class=\"_ _25\"> </span>497</div>\n<div class=\"t m8 x1 hd y2fc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Revenue<span class=\"_ _169\"> </span>155,604<span class=\"_ _d\"> </span>148,229</div>\n<div class=\"t md8 x1 hb y87 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e in tot<span class=\"_ _4\"></span>al reve<span class=\"_ _4\"></span>nue a<span class=\"_ _4\"></span>t the <span class=\"ff2 ls31 ws3e\">Shipping</span> se<span class=\"_ _4\"></span>gme<span class=\"_ _4\"></span>nt is ma<span class=\"_ _4\"></span>inly a r<span class=\"_ _4\"></span>esu<span class=\"_ _4\"></span>lt of th<span class=\"_ _4\"></span>e new c<span class=\"_ _4\"></span>har<span class=\"_ _7\"></span>ter ag<span class=\"_ _4\"></span>ree<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s for t<span class=\"_ _4\"></span>he t<span class=\"_ _4\"></span>wo</div>\n<div class=\"t m26f x1 hb y8c ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">new b<span class=\"_ _4\"></span>uild V<span class=\"_ _4\"></span>LGC\u2019<span class=\"_ _1\"></span>s<span class=\"_ _4\"></span>, FL<span class=\"_ _4\"></span>AN<span class=\"_ _4\"></span>DERS INN<span class=\"_ _4\"></span>OV<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>T<span class=\"_ _4\"></span>ION (si<span class=\"_ _4\"></span>nce mi<span class=\"_ _4\"></span>d-<span class=\"_ _4\"></span>Au<span class=\"_ _4\"></span>gus<span class=\"_ _4\"></span>t 2021<span class=\"_ _1\"></span>) a<span class=\"_ _4\"></span>nd FL<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span>NDERS PI<span class=\"_ _4\"></span>ONEER (sin<span class=\"_ _4\"></span>ce Nove<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r</div>\n<div class=\"t m8 x1 hb y88 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2021<span class=\"_ _1\"></span>) in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d for a f<span class=\"_ _4\"></span>ull year i<span class=\"_ _4\"></span>n 2022 a<span class=\"_ _4\"></span>nd hig<span class=\"_ _4\"></span>her ti<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r ra<span class=\"_ _4\"></span>tes fo<span class=\"_ _4\"></span>r the p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>uri<span class=\"_ _4\"></span>zed \ufb02e<span class=\"_ _4\"></span>et.</div>\n<div class=\"t m270 x1 hb y8a ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Or<span class=\"_ _4\"></span>dina<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y reve<span class=\"_ _4\"></span>nue at t<span class=\"_ _4\"></span>he <span class=\"ff2 ls31 ws3e\">Infra<span class=\"_ _4\"></span>struc<span class=\"_ _4\"></span>ture</span> se<span class=\"_ _4\"></span>gme<span class=\"_ _4\"></span>nt inc<span class=\"_ _4\"></span>rea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>ant<span class=\"_ _4\"></span>ly in 202<span class=\"_ _4\"></span>2 as a re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>t the e<span class=\"_ _4\"></span>mpl<span class=\"_ _4\"></span>oym<span class=\"_ _4\"></span>ent of t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m8 x1 hb yd8 ff1 fs9 fc2 sc0 ls2 ws2c\" style=\"z-index: 15;\">FRSU EEMSHAVEN LNG, p<span class=\"_ _4\"></span>revio<span class=\"_ _4\"></span>usl<span class=\"_ _4\"></span>y nam<span class=\"_ _4\"></span>ed FSRU S1<span class=\"_ _1\"></span>88, (<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ng hire i<span class=\"_ _4\"></span>nco<span class=\"_ _4\"></span>me as we<span class=\"_ _4\"></span>ll as in<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e fro<span class=\"_ _4\"></span>m rec<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>ged</div>\n<div class=\"t m271 x1 hb y8b ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">var<span class=\"_ _4\"></span>iat<span class=\"_ _4\"></span>ion or<span class=\"_ _4\"></span>der<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e mob<span class=\"_ _4\"></span>ilis<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n fee<span class=\"_ _4\"></span>s sin<span class=\"_ _4\"></span>ce mid Au<span class=\"_ _4\"></span>gus<span class=\"_ _4\"></span>t 202<span class=\"_ _4\"></span>2), higher li<span class=\"_ _4\"></span>cens<span class=\"_ _4\"></span>e an<span class=\"_ _4\"></span>d engi<span class=\"_ _4\"></span>nee<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ng reve<span class=\"_ _4\"></span>nue f<span class=\"_ _4\"></span>rom</div>\n<div class=\"t mb3 x1 hb y4a ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">dif<span class=\"_ _7\"></span>fere<span class=\"_ _4\"></span>nt pr<span class=\"_ _4\"></span>ojec<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>s and t<span class=\"_ _4\"></span>he em<span class=\"_ _4\"></span>ploy<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e EXC<span class=\"_ _4\"></span>ALI<span class=\"_ _4\"></span>BUR, n<span class=\"_ _4\"></span>ow ow<span class=\"_ _4\"></span>ned fo<span class=\"_ _4\"></span>r 1<span class=\"_ _3\"></span>0<span class=\"_ _4\"></span>0%, a<span class=\"_ _4\"></span>s fro<span class=\"_ _4\"></span>m th<span class=\"_ _4\"></span>e four<span class=\"_ _7\"></span>th q<span class=\"_ _4\"></span>uar<span class=\"_ _7\"></span>ter of 2<span class=\"_ _4\"></span>022.</div>\n<div class=\"t m272 x1 hb y4b ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">In 2021<span class=\"_ _1\"></span>, Gu<span class=\"_ _4\"></span>nvor c<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>elle<span class=\"_ _4\"></span>d th<span class=\"_ _4\"></span>e cha<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ter a<span class=\"_ _4\"></span>gre<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt of t<span class=\"_ _4\"></span>he FSRU S1<span class=\"_ _1\"></span>88 a<span class=\"_ _4\"></span>nd pai<span class=\"_ _4\"></span>d an ea<span class=\"_ _4\"></span>rly t<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>mina<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n fee of US<span class=\"_ _4\"></span>D 56.8</div>\n<div class=\"t m8 x1 hb y4c ff1 fs9 fc2 sc0 ls23 ws2d\" style=\"z-index: 15;\">million.</div>\n<div class=\"t m273 x1 hb y4e ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e in reve<span class=\"_ _4\"></span>nue at t<span class=\"_ _4\"></span>he <span class=\"ff2 ls35 wsd\">Suppor<span class=\"_ _4\"></span>ting services</span> is t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>mbi<span class=\"_ _4\"></span>ned e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>t of Bexc<span class=\"_ _4\"></span>o NV en<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>ing in<span class=\"_ _4\"></span>to th<span class=\"_ _4\"></span>e cons<span class=\"_ _4\"></span>ol<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m274 x1 hb y72 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">ida<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n sco<span class=\"_ _4\"></span>pe of t<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup s<span class=\"_ _4\"></span>ince N<span class=\"_ _4\"></span>ovem<span class=\"_ _4\"></span>ber 2<span class=\"_ _4\"></span>022 (con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of USD 7<span class=\"_ _2\"></span>.<span class=\"_ _4\"></span>3 millio<span class=\"_ _4\"></span>n)<span class=\"_ _1\"></span>, s<span class=\"_ _4\"></span>ee N<span class=\"_ _4\"></span>ote 5 bu<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s com<span class=\"_ _4\"></span>bin<span class=\"_ _4\"></span>a<span class=\"ws2\">-</span></div>\n<div class=\"t m275 x1 hb y4f ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">tio<span class=\"_ _4\"></span>ns, hig<span class=\"_ _4\"></span>her re<span class=\"_ _4\"></span>venu<span class=\"_ _4\"></span>e at T<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>avel Plus a<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>ter t<span class=\"_ _4\"></span>he cov<span class=\"_ _4\"></span>id pa<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>emic, of<span class=\"_ _7\"></span>f<span class=\"_ _4\"></span>set by l<span class=\"_ _4\"></span>ower s<span class=\"_ _4\"></span>hip ma<span class=\"_ _4\"></span>nag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt reve<span class=\"_ _4\"></span>nue d<span class=\"_ _4\"></span>ue to le<span class=\"_ _4\"></span>ss</div>\n<div class=\"t m8 x1 hb y50 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">vessels under management.</div>\n<div class=\"t m276 x1 hb y52 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Reven<span class=\"_ _4\"></span>ue wh<span class=\"_ _4\"></span>ich f<span class=\"_ _4\"></span>alls w<span class=\"_ _4\"></span>ith<span class=\"_ _4\"></span>in th<span class=\"_ _4\"></span>e sco<span class=\"_ _4\"></span>pe of I<span class=\"_ _4\"></span>FRS 1<span class=\"_ _1\"></span>6 Le<span class=\"_ _4\"></span>asi<span class=\"_ _4\"></span>ng rep<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>ted 4<span class=\"_ _4\"></span>3.0% (2021<span class=\"_ _1\"></span>: 46<span class=\"_ _4\"></span>.<span class=\"_ _2\"></span>1%<span class=\"_ _1\"></span>) o<span class=\"_ _4\"></span>f tota<span class=\"_ _4\"></span>l reven<span class=\"_ _4\"></span>ue an<span class=\"_ _4\"></span>d is</div>\n<div class=\"t m277 x1 hb y53 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">mainl<span class=\"_ _4\"></span>y sit<span class=\"_ _4\"></span>uate<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he Shi<span class=\"_ _4\"></span>ppi<span class=\"_ _4\"></span>ng se<span class=\"_ _4\"></span>gme<span class=\"_ _4\"></span>nt. Reve<span class=\"_ _4\"></span>nue w<span class=\"_ _4\"></span>hich f<span class=\"_ _4\"></span>all<span class=\"_ _4\"></span>s wit<span class=\"_ _4\"></span>hin th<span class=\"_ _4\"></span>e sco<span class=\"_ _4\"></span>pe of IFR<span class=\"_ _4\"></span>S 1<span class=\"_ _1\"></span>5 Reve<span class=\"_ _4\"></span>nue f<span class=\"_ _4\"></span>rom c<span class=\"_ _4\"></span>ontr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>s</div>\n<div class=\"t m18c x1 hb y54 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">wit<span class=\"_ _4\"></span>h cu<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ome<span class=\"_ _4\"></span>rs r<span class=\"_ _4\"></span>epr<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>ente<span class=\"_ _4\"></span>d 57<span class=\"_ _2\"></span>.0% (2021<span class=\"_ _1\"></span>: 53.<span class=\"_ _3\"></span>9%) of tot<span class=\"_ _4\"></span>al reve<span class=\"_ _4\"></span>nue an<span class=\"_ _4\"></span>d is mai<span class=\"_ _4\"></span>nly si<span class=\"_ _4\"></span>tua<span class=\"_ _4\"></span>ted in t<span class=\"_ _4\"></span>he In<span class=\"_ _4\"></span>fr<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _7\"></span>tur<span class=\"_ _4\"></span>e and</div>\n<div class=\"t m8 x1 hb y73 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">Suppor<span class=\"_ _4\"></span>ting ser<span class=\"_ _4\"></span>vices segment. The percentages men<span class=\"_ _3\"></span>tioned are<span class=\"_ _3\"></span> calculated ex<span class=\"_ _1\"></span>cluding set<span class=\"_ _4\"></span>tlement fees.<span class=\"_ _3\"></span> </div>\n<div class=\"t m278 x1 hb y56 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15; word-spacing: 1px;\">Majo<span class=\"_ _4\"></span>r ship<span class=\"_ _4\"></span>pin<span class=\"_ _4\"></span>g clie<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s Equin<span class=\"_ _4\"></span>or (ex-Stato<span class=\"_ _4\"></span>il) an<span class=\"_ _4\"></span>d Nip<span class=\"_ _4\"></span>pon G<span class=\"_ _4\"></span>as Li<span class=\"_ _4\"></span>ne Co re<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nted 5<span class=\"_ _4\"></span>3.6<span class=\"_ _1\"></span><span class=\"_ _1\"></span>% (2021<span class=\"_ _1\"></span>: 28.2%) an<span class=\"_ _4\"></span>d 21<span class=\"_ _1\"></span>.2<span class=\"_ _4\"></span>%</div>\n<div class=\"t m279 x1 hb y57 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15; word-spacing: 1px;\">(2021<span class=\"_ _1\"></span>: 29<span class=\"_ _1\"></span>.0%) re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ively o<span class=\"_ _4\"></span>f the re<span class=\"_ _4\"></span>venu<span class=\"_ _4\"></span>e of the S<span class=\"_ _4\"></span>hip<span class=\"_ _4\"></span>ping s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t. Bot<span class=\"_ _4\"></span>h clie<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>ted 1<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.9% (2021<span class=\"_ _1\"></span>: 1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.3%)</div>\n<div class=\"t m27a x1 hb y58 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15; word-spacing: 1px;\">and 7<span class=\"_ _1\"></span>.1<span class=\"_ _3\"></span>% (2021<span class=\"_ _1\"></span>: 1<span class=\"_ _2\"></span>1.6<span class=\"_ _1\"></span>%) res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tive<span class=\"_ _4\"></span>ly to t<span class=\"_ _4\"></span>he E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R Gro<span class=\"_ _4\"></span>up reve<span class=\"_ _4\"></span>nue in 2<span class=\"_ _4\"></span>022. Gas<span class=\"_ _4\"></span>unie an<span class=\"_ _4\"></span>d Hy<span class=\"_ _4\"></span>und<span class=\"_ _4\"></span>ai Heav<span class=\"_ _4\"></span>y I<span class=\"_ _4\"></span>ndu<span class=\"_ _4\"></span>s<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m27b x1 hb y59 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">tr<span class=\"_ _4\"></span>ies Kor<span class=\"_ _4\"></span>ea rep<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>ed 28.4% (2021<span class=\"_ _1\"></span>: 0.0%) and 1<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>.6% (2021<span class=\"_ _1\"></span>: 6.<span class=\"_ _2\"></span>1%<span class=\"_ _1\"></span>) of t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>venue o<span class=\"_ _4\"></span>f the I<span class=\"_ _4\"></span>nfr<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _7\"></span>tur<span class=\"_ _4\"></span>e se<span class=\"_ _4\"></span>gme<span class=\"_ _4\"></span>nt.</div>\n<div class=\"t m8 x1 hb y5a ff1 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">Bot<span class=\"_ _4\"></span>h clie<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s rep<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>ted 1<span class=\"_ _1\"></span>4.<span class=\"_ _4\"></span>2% (2<span class=\"_ _4\"></span>021<span class=\"_ _1\"></span>: 0.0%) and 9<span class=\"_ _1\"></span>.8% (2<span class=\"_ _4\"></span>021<span class=\"_ _1\"></span>: 2.2%) of th<span class=\"_ _4\"></span>e EX<span class=\"_ _4\"></span>MA<span class=\"_ _4\"></span>R Grou<span class=\"_ _4\"></span>p reve<span class=\"_ _4\"></span>nue in 20<span class=\"_ _4\"></span>22. In 2021<span class=\"_ _1\"></span>,</div>\n<div class=\"t m27c x1 hb y5b ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Gunvo<span class=\"_ _4\"></span>r con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>ted 32.<span class=\"_ _1\"></span>9<span class=\"_ _4\"></span>% of th<span class=\"_ _4\"></span>e reve<span class=\"_ _4\"></span>nue of t<span class=\"_ _4\"></span>he Inf<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _7\"></span>tur<span class=\"_ _4\"></span>e se<span class=\"_ _4\"></span>gme<span class=\"_ _4\"></span>nt an<span class=\"_ _4\"></span>d 1<span class=\"_ _2\"></span>1.8% of the E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR Gr<span class=\"_ _4\"></span>oup r<span class=\"_ _4\"></span>even<span class=\"_ _4\"></span>ue,</div>\n<div class=\"t m27d x1 hb y5c ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ed to 0<span class=\"_ _4\"></span>% in 2022. T<span class=\"_ _4\"></span>he pe<span class=\"_ _4\"></span>rce<span class=\"_ _4\"></span>nta<span class=\"_ _4\"></span>ges m<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>ione<span class=\"_ _4\"></span>d are a<span class=\"_ _4\"></span>lso c<span class=\"_ _4\"></span>alc<span class=\"_ _4\"></span>ulat<span class=\"_ _4\"></span>ed excl<span class=\"_ _4\"></span>udi<span class=\"_ _4\"></span>ng se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>tle<span class=\"_ _4\"></span>ment f<span class=\"_ _4\"></span>ees<span class=\"_ _4\"></span>. No ot<span class=\"_ _4\"></span>her c<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">tom<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s rep<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ent m<span class=\"_ _4\"></span>ore t<span class=\"_ _4\"></span>han 10.0% of t<span class=\"_ _4\"></span>he E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R Gro<span class=\"_ _4\"></span>up reve<span class=\"_ _4\"></span>nue i<span class=\"_ _4\"></span>n 2022.</div>\n<div class=\"t m8 x1 hd y2fd ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y2fe ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade r<span class=\"_ _3\"></span>eceivables, included in trade and other receivables (curr<span class=\"_ _1\"></span>ent + non-current)<span class=\"_ _16a\"> </span>39,344<span class=\"_ _1a\"> </span>43,987</div>\n<div class=\"t m8 x1 hc y2ff ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Contract assets, included in trade and other receivables<span class=\"_ _110\"> </span>7,743<span class=\"_ _27\"> </span>2,839</div>\n<div class=\"t m8 x1 hc y300 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Contract liabilities, included in trade and other payables<span class=\"_ _16b\"> </span>11,056<span class=\"_ _15\"> </span>6,479</div>\n<div class=\"t m8 x1 hd y301 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Contract balances<span class=\"_ _16c\"> </span>58,143<span class=\"_ _54\"> </span>53,305</div>\n<div class=\"t m27e x1 hb yac ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e dec<span class=\"_ _4\"></span>rea<span class=\"_ _4\"></span>se in t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>de a<span class=\"_ _4\"></span>nd ot<span class=\"_ _4\"></span>her re<span class=\"_ _4\"></span>cei<span class=\"_ _4\"></span>vab<span class=\"_ _4\"></span>les i<span class=\"_ _4\"></span>n 2022 is p<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>mar<span class=\"_ _4\"></span>ily t<span class=\"_ _4\"></span>he res<span class=\"_ _4\"></span>ult o<span class=\"_ _4\"></span>f the r<span class=\"_ _4\"></span>ecei<span class=\"_ _4\"></span>pt of th<span class=\"_ _4\"></span>e rem<span class=\"_ _4\"></span>ainin<span class=\"_ _4\"></span>g YPF s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>tle<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m27f x1 hb yad ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t fee (<span class=\"_ _4\"></span>USD 24.4 million) in ac<span class=\"_ _4\"></span>cor<span class=\"_ _4\"></span>dan<span class=\"_ _4\"></span>ce wi<span class=\"_ _4\"></span>th t<span class=\"_ _4\"></span>he agr<span class=\"_ _4\"></span>eed p<span class=\"_ _4\"></span>aym<span class=\"_ _4\"></span>ent s<span class=\"_ _4\"></span>ch<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ule, par<span class=\"_ _7\"></span>tiall<span class=\"_ _4\"></span>y of<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t by Bexco N<span class=\"_ _4\"></span>V ent<span class=\"_ _4\"></span>eri<span class=\"_ _4\"></span>ng</div>\n<div class=\"t m50 x1 hb yc8 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">into t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>olid<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n sc<span class=\"_ _4\"></span>ope a<span class=\"_ _4\"></span>nd re<span class=\"_ _4\"></span>cei<span class=\"_ _4\"></span>vab<span class=\"_ _4\"></span>les r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>d to t<span class=\"_ _4\"></span>he new (2<span class=\"_ _4\"></span>022) ch<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>er an<span class=\"_ _4\"></span>d/or ser<span class=\"_ _7\"></span>vic<span class=\"_ _4\"></span>e agre<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 x1 hb yae ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">to EEMSHAVEN LNG, T<span class=\"_ _1\"></span>A<span class=\"_ _4\"></span>NGO FLN<span class=\"_ _4\"></span>G and E<span class=\"_ _4\"></span>XC<span class=\"_ _4\"></span>ALIB<span class=\"_ _4\"></span>UR.</div>\n<div class=\"t m280 x1 hb yaf ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s main<span class=\"_ _4\"></span>ly rel<span class=\"_ _4\"></span>ate to t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up\u2019<span class=\"_ _1\"></span>s r<span class=\"_ _4\"></span>ight<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>o con<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n for w<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>k com<span class=\"_ _4\"></span>ple<span class=\"_ _4\"></span>ted b<span class=\"_ _4\"></span>ut no<span class=\"_ _4\"></span>t bille<span class=\"_ _4\"></span>d at t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m8 x1 hb yb0 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">repor<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing date<span class=\"_ _1\"></span>. The contr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t asset<span class=\"_ _4\"></span>s are trans<span class=\"_ _4\"></span>ferred to receivables when the r<span class=\"_ _4\"></span>ights become uncon<span class=\"_ _4\"></span>ditional.</div>\n<div class=\"t mc1 x1 hb yb1 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>ies p<span class=\"_ _4\"></span>rim<span class=\"_ _4\"></span>ari<span class=\"_ _4\"></span>ly rel<span class=\"_ _4\"></span>ate to invoi<span class=\"_ _4\"></span>ces is<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ued i<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t of ves<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>el in<span class=\"_ _4\"></span>come (<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>epa<span class=\"_ _4\"></span>id hire) an<span class=\"_ _4\"></span>d ad<span class=\"_ _4\"></span>van<span class=\"_ _4\"></span>ces</div>\n<div class=\"t m8 x1 hb yb2 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">charged for pl<span class=\"_ _3\"></span>anned ser<span class=\"_ _4\"></span>vices.</div>\n<div class=\"t m281 x1 hb yb3 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">The i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e in con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s and c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rac<span class=\"_ _7\"></span>t liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es mai<span class=\"_ _4\"></span>nly res<span class=\"_ _4\"></span>ult<span class=\"_ _4\"></span>s f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s deli<span class=\"_ _4\"></span>vere<span class=\"_ _4\"></span>d/t<span class=\"_ _4\"></span>o be de<span class=\"_ _4\"></span>liver<span class=\"_ _4\"></span>ed to</div>\n<div class=\"t m8 x1 hb yb4 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e thre<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s ment<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>ed ab<span class=\"_ _4\"></span>ove.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 179px; height: 960px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 179px; height: 960px; width: 96%; z-index: 1;\"><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 xe h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 7 \u2013 G<span class=\"_ _3\"></span>AIN ON DIS<span class=\"_ _3\"></span>POS<span class=\"_ _1\"></span>AL</div>\n<div class=\"t m282 xe hb y7f ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">At year-<span class=\"_ _4\"></span>end 2<span class=\"_ _4\"></span>022, E<span class=\"_ _4\"></span>xma<span class=\"_ _4\"></span>r reali<span class=\"_ _4\"></span>zed a no<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>cur<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ing g<span class=\"_ _4\"></span>ain on d<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>pos<span class=\"_ _4\"></span>als o<span class=\"_ _4\"></span>f USD 3<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>.6 mill<span class=\"_ _4\"></span>ion w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h ca<span class=\"_ _4\"></span>n be d<span class=\"_ _4\"></span>eta<span class=\"_ _4\"></span>iled a<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb y43 ff1 fs9 fc2 sc0 ls18 wsd\" style=\"z-index: 15;\">follows:</div>\n<div class=\"t m8 xe hd y302 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y303 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gain on sale of shares of Export LNG<span class=\"_ _149\"> </span>315,654<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hc y304 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gain on derecognition Bexco NV<span class=\"_ _16d\"> </span>3,474<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hc y305 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other\u2005\u2005<span class=\"_ _16e\"> </span>515<span class=\"_ _1c\"> </span>52</div>\n<div class=\"t m8 xe hd y306 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gain on disposal<span class=\"_ _16f\"> </span>319,643<span class=\"_ _170\"> </span>52</div>\n<div class=\"t m283 xe hb y8c ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s a res<span class=\"_ _4\"></span>ult of t<span class=\"_ _4\"></span>he sa<span class=\"_ _4\"></span>le of th<span class=\"_ _4\"></span>e 1<span class=\"_ _3\"></span>0<span class=\"_ _4\"></span>0% s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s of E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>t LNG Lt<span class=\"_ _4\"></span>d.<span class=\"_ _3\"></span>, the o<span class=\"_ _4\"></span>wni<span class=\"_ _4\"></span>ng com<span class=\"_ _4\"></span>pany of t<span class=\"_ _4\"></span>he T<span class=\"_ _1\"></span>A<span class=\"_ _4\"></span>NGO FLN<span class=\"_ _4\"></span>G, in Aug<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>t</div>\n<div class=\"t m8 xe hb y88 ff1 fs9 fc2 sc0 ls2 ws3a\" style=\"z-index: 15;\">2022, E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR real<span class=\"_ _4\"></span>ized a n<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>-re<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>in<span class=\"_ _4\"></span>g gain of US<span class=\"_ _4\"></span>D 3<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>5.7 million. We re<span class=\"_ _4\"></span>fer to N<span class=\"_ _4\"></span>ote 4 Dive<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tit<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>s for ad<span class=\"_ _4\"></span>di<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>nal in<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 xe hb y89 ff1 fs9 fc2 sc0 ls18 wsd\" style=\"z-index: 15;\">for<span class=\"_ _4\"></span>mation.</div>\n<div class=\"t m8 xe hb y212 ff1 fs9 fc2 sc0 ls2 ws4e\" style=\"z-index: 15;\">On N<span class=\"_ _4\"></span>ovemb<span class=\"_ _4\"></span>er 1<span class=\"_ _1\"></span>, 2<span class=\"_ _4\"></span>022, E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R acq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d th<span class=\"_ _4\"></span>e rema<span class=\"_ _4\"></span>ining 55.0<span class=\"_ _4\"></span>9% s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s of Bexc<span class=\"_ _4\"></span>o NV for a c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of USD 9<span class=\"_ _1\"></span>.7</div>\n<div class=\"t m284 xe hb yd8 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">millio<span class=\"_ _4\"></span>n. Until t<span class=\"_ _4\"></span>hat d<span class=\"_ _4\"></span>ate, Bexco N<span class=\"_ _4\"></span>V was ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted f<span class=\"_ _4\"></span>or as a<span class=\"_ _4\"></span>n equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee an<span class=\"_ _4\"></span>d th<span class=\"_ _4\"></span>e der<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnit<span class=\"_ _4\"></span>ion t<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>eof</div>\n<div class=\"t m285 xe hb y8b ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">res<span class=\"_ _4\"></span>ulte<span class=\"_ _4\"></span>d in a n<span class=\"_ _4\"></span>et gain o<span class=\"_ _4\"></span>f USD 3.<span class=\"_ _1\"></span>1 million, i.e. af<span class=\"_ _4\"></span>ter r<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>ycli<span class=\"_ _4\"></span>ng a USD 0.8 mi<span class=\"_ _4\"></span>llion c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>lat<span class=\"_ _4\"></span>ion lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s. Sin<span class=\"_ _4\"></span>ce ob<span class=\"_ _4\"></span>tai<span class=\"_ _4\"></span>n<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m23b xe hb y4a ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">ing co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ol fr<span class=\"_ _4\"></span>om Nove<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 2022 o<span class=\"_ _4\"></span>nwar<span class=\"_ _4\"></span>ds, B<span class=\"_ _4\"></span>exco is i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d in fu<span class=\"_ _4\"></span>ll in th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s con<span class=\"_ _4\"></span>soli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>ncial<span class=\"_ _4\"></span>s and t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m1a2 xe hb y4b ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>cq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d and a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ed lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>ies w<span class=\"_ _4\"></span>ere re<span class=\"_ _4\"></span>cor<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue, res<span class=\"_ _4\"></span>ulti<span class=\"_ _4\"></span>ng in a b<span class=\"_ _4\"></span>adw<span class=\"_ _4\"></span>ill of USD 0.4 mi<span class=\"_ _4\"></span>llion. T<span class=\"_ _4\"></span>his</div>\n<div class=\"t m8 xe hb y4c ff1 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">bad<span class=\"_ _4\"></span>wil<span class=\"_ _4\"></span>l was d<span class=\"_ _4\"></span>irec<span class=\"_ _7\"></span>tly re<span class=\"_ _4\"></span>cor<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d in pr<span class=\"_ _4\"></span>o\ufb01t an<span class=\"_ _4\"></span>d inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ed w<span class=\"_ _4\"></span>ithi<span class=\"_ _4\"></span>n the c<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n Gain o<span class=\"_ _4\"></span>n dis<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sal. S<span class=\"_ _4\"></span>ee al<span class=\"_ _4\"></span>so Not<span class=\"_ _4\"></span>e 5 Bus<span class=\"_ _4\"></span>ines<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb y1e3 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">combinations<span class=\"_ _3\"></span> and other<span class=\"_ _3\"></span> share deal<span class=\"_ _3\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 773px; height: 366px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 773px; height: 366px; width: 94%; z-index: 2;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 xe h11 y54 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 8 - VES<span class=\"_ _1\"></span>SEL E<span class=\"_ _4\"></span>XPE<span class=\"_ _3\"></span>NSES</div>\n<div class=\"t m8 xe hd y307 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y308 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>essel expenses crew<span class=\"_ _124\"> </span>-28,287<span class=\"_ _44\"> </span>-23,850</div>\n<div class=\"t m8 xe hc y309 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>essel expenses maintenance<span class=\"_ _135\"> </span>-23,931<span class=\"_ _44\"> </span>-14,136</div>\n<div class=\"t m8 xe hc y30a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>essel expenses insurance<span class=\"_ _33\"> </span>-2,759<span class=\"_ _144\"> </span>-2,693</div>\n<div class=\"t m8 xe hc y30b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>essel expenses other<span class=\"_ _5f\"> </span>-5,144<span class=\"_ _46\"> </span>-4,389</div>\n<div class=\"t m8 xe hd y30c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>essel expenses<span class=\"_ _171\"> </span>-60,121<span class=\"_ _52\"> </span>-45,068</div>\n<div class=\"t m286 xe hb ya4 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Vess<span class=\"_ _4\"></span>el ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>s are ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es ma<span class=\"_ _4\"></span>de to o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>ate a v<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>sel a<span class=\"_ _4\"></span>nd in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>de pr<span class=\"_ _4\"></span>im<span class=\"_ _4\"></span>aril<span class=\"_ _4\"></span>y cre<span class=\"_ _4\"></span>w<span class=\"_ _1\"></span>, m<span class=\"_ _4\"></span>ainte<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>ce, insu<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nce an<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 xe hb ya5 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">oth<span class=\"_ _4\"></span>er rel<span class=\"_ _4\"></span>ated e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>.</div>\n<div class=\"t m287 xe hb ya6 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e signi<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>ant in<span class=\"_ _4\"></span>cre<span class=\"_ _4\"></span>ase i<span class=\"_ _4\"></span>n the ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>el ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es is m<span class=\"_ _4\"></span>ainly a r<span class=\"_ _4\"></span>esu<span class=\"_ _4\"></span>lt of t<span class=\"_ _4\"></span>he cha<span class=\"_ _4\"></span>nge f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m lay-<span class=\"_ _4\"></span>up s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>tus t<span class=\"_ _4\"></span>o st<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>t-u<span class=\"_ _4\"></span>p and</div>\n<div class=\"t m230 xe hb ya7 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>mer<span class=\"_ _4\"></span>cial o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s of the EEMSH<span class=\"_ _4\"></span>A<span class=\"_ _3\"></span>VEN LN<span class=\"_ _4\"></span>G sinc<span class=\"_ _4\"></span>e th<span class=\"_ _4\"></span>e sum<span class=\"_ _4\"></span>mer of 2<span class=\"_ _4\"></span>022 an<span class=\"_ _4\"></span>d the f<span class=\"_ _4\"></span>ull yea<span class=\"_ _4\"></span>r emp<span class=\"_ _4\"></span>loy<span class=\"_ _4\"></span>ment i<span class=\"_ _4\"></span>n 2022</div>\n<div class=\"t m8 xe hb yc6 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e t<span class=\"_ _4\"></span>wo new V<span class=\"_ _4\"></span>LGC\u2019s: FL<span class=\"_ _4\"></span>ANDER<span class=\"_ _4\"></span>S INNOVA<span class=\"_ _1\"></span>TION an<span class=\"_ _4\"></span>d FL<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span>NDERS PIO<span class=\"_ _4\"></span>NEER.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 410px; height: 251px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 410px; height: 251px; width: 94%; z-index: 2;\"><br/></div>\n\n\n<div class=\"t m0 xe h11 y67 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 9 \u2013 P<span class=\"_ _1\"></span>URCHASE OF GOOD<span class=\"_ _3\"></span>S</div>\n<div class=\"t m288 xe hb y69 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s fro<span class=\"_ _4\"></span>m Nove<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r 1<span class=\"_ _1\"></span>, 2022, E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s pu<span class=\"_ _4\"></span>rch<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>s of go<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>s whic<span class=\"_ _4\"></span>h re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>ts f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m the b<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>ines<span class=\"_ _4\"></span>s ac<span class=\"_ _7\"></span>tiv<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s of Bexc<span class=\"_ _4\"></span>o</div>\n<div class=\"t m8 xe hb y6a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">NV t<span class=\"_ _4\"></span>hat be<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ame a s<span class=\"_ _4\"></span>ubs<span class=\"_ _4\"></span>idia<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y of t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up as f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m tha<span class=\"_ _4\"></span>t date (s<span class=\"_ _4\"></span>ee Not<span class=\"_ _4\"></span>e 5 Bus<span class=\"_ _4\"></span>ines<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>inat<span class=\"_ _4\"></span>ions).</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 212px; height: 69px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 212px; height: 927px; width: 96%; z-index: 1;\"><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 x1 h11 y30d ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 1<span class=\"_ _2\"></span>0 - GENER<span class=\"_ _4\"></span>AL AND ADMINISTR<span class=\"_ _4\"></span>A<span class=\"_ _2\"></span>TIVE E<span class=\"_ _4\"></span>XPEN<span class=\"_ _3\"></span>SES</div>\n<div class=\"t m8 x1 hd y30e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y30f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Administrative expenses<span class=\"_ _172\"> </span>-33,393<span class=\"_ _44\"> </span>-22,637</div>\n<div class=\"t m8 x1f hc y310 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Of\ufb01ce expenses<span class=\"_ _16c\"> </span>-1,386<span class=\"_ _46\"> </span>-2,438</div>\n<div class=\"t m8 x1f hc y311 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ravel expenses<span class=\"_ _173\"> </span>-2,488<span class=\"_ _46\"> </span>-2,085</div>\n<div class=\"t m8 x1f hc y312 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">IT &amp; communication expenses<span class=\"_ _b3\"> </span>-2,409<span class=\"_ _144\"> </span>-2,073</div>\n<div class=\"t m8 x1f hc y313 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fees<span class=\"_ _174\"> </span>-15,739<span class=\"_ _46\"> </span>-7,730</div>\n<div class=\"t m8 x1f hc y314 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other fees<span class=\"_ _6d\"> </span>-10,579<span class=\"_ _144\"> </span>-7,693</div>\n<div class=\"t m8 x1f hc y315 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Insurance<span class=\"_ _175\"> </span>-793<span class=\"_ _4c\"> </span>-619</div>\n<div class=\"t m8 x1 hc y316 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Freight char<span class=\"_ _3\"></span>ges<span class=\"_ _176\"> </span>-1,740<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 x1 hc y317 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-income based taxes<span class=\"_ _177\"> </span>-2,844<span class=\"_ _46\"> </span>-1,256</div>\n<div class=\"t m8 x1 hc y318 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other expenses<span class=\"_ _6d\"> </span>-1,316<span class=\"_ _4c\"> </span>-643</div>\n<div class=\"t m8 x1 hd y319 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">General and administrative expenses<span class=\"_ _178\"> </span>-39,293<span class=\"_ _52\"> </span>-24,536</div>\n<div class=\"t m1c4 x1 hb y31a ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Du<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g 2022, fee<span class=\"_ _4\"></span>s inc<span class=\"_ _4\"></span>rea<span class=\"_ _4\"></span>sed a<span class=\"_ _4\"></span>s a res<span class=\"_ _4\"></span>ult of s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ci\ufb01<span class=\"_ _4\"></span>c proj<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t w<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>k for Eni i<span class=\"_ _4\"></span>n relat<span class=\"_ _4\"></span>ion t<span class=\"_ _4\"></span>o the o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>bilit<span class=\"_ _7\"></span>y of th<span class=\"_ _4\"></span>e T<span class=\"_ _1\"></span>ANGO</div>\n<div class=\"t m8 x1 hb y31b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">FLNG a<span class=\"_ _4\"></span>nd hig<span class=\"_ _4\"></span>her e<span class=\"_ _4\"></span>ngin<span class=\"_ _4\"></span>eer<span class=\"_ _4\"></span>in<span class=\"_ _4\"></span>g fees<span class=\"_ _4\"></span>, pr<span class=\"_ _4\"></span>imar<span class=\"_ _4\"></span>ily i<span class=\"_ _4\"></span>n con<span class=\"_ _4\"></span>nec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion w<span class=\"_ _4\"></span>ith t<span class=\"_ _4\"></span>he S<span class=\"_ _4\"></span>hen<span class=\"_ _4\"></span>and<span class=\"_ _4\"></span>oah p<span class=\"_ _4\"></span>roje<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t.</div>\n<div class=\"t me4 x1 hb y31c ff1 fs9 fc2 sc0 ls16 wsf\" style=\"z-index: 15;\">O<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r fee<span class=\"_ _4\"></span>s, main<span class=\"_ _4\"></span>ly dir<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>r and m<span class=\"_ _4\"></span>anag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt co<span class=\"_ _4\"></span>nsu<span class=\"_ _4\"></span>lt<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s, inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n 2022 d<span class=\"_ _4\"></span>ue to la<span class=\"_ _4\"></span>rge<span class=\"_ _4\"></span>r and s<span class=\"_ _4\"></span>up<span class=\"_ _4\"></span>ple<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y97 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">mentar<span class=\"_ _4\"></span>y cons<span class=\"_ _4\"></span>ultanc<span class=\"_ _4\"></span>y projec<span class=\"_ _4\"></span>ts.</div>\n<div class=\"t m289 x1 hb y98 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Freig<span class=\"_ _4\"></span>ht ch<span class=\"_ _4\"></span>arge<span class=\"_ _4\"></span>s are r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e Bexc<span class=\"_ _4\"></span>o ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>vit<span class=\"_ _4\"></span>ies s<span class=\"_ _4\"></span>ince t<span class=\"_ _4\"></span>hei<span class=\"_ _4\"></span>r incl<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>on in t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>nso<span class=\"_ _4\"></span>lid<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n sco<span class=\"_ _4\"></span>pe (s<span class=\"_ _4\"></span>ee No<span class=\"_ _4\"></span>te 5 Bus<span class=\"_ _4\"></span>i<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb ybf ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">nes<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>mbi<span class=\"_ _4\"></span>nati<span class=\"_ _4\"></span>ons a<span class=\"_ _4\"></span>nd ot<span class=\"_ _4\"></span>her s<span class=\"_ _4\"></span>hare d<span class=\"_ _4\"></span>eals).</div>\n<div class=\"t m28a x1 hb y31d ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">In 202<span class=\"_ _4\"></span>2, non<span class=\"_ _4\"></span>-in<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e bas<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>xes inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>e no<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>d<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ble w<span class=\"_ _4\"></span>ith<span class=\"_ _4\"></span>hol<span class=\"_ _4\"></span>ding t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>xes of USD 1.2 millio<span class=\"_ _4\"></span>n rela<span class=\"_ _4\"></span>ted to t<span class=\"_ _4\"></span>he Eni</div>\n<div class=\"t m8 x1 hb y99 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>jec<span class=\"_ _4\"></span>t i<span class=\"_ _4\"></span>n Con<span class=\"_ _4\"></span>go.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 723px; height: 416px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 723px; height: 416px; width: 94%; z-index: 2;\"><br/></div>\n\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x1 h11 y58 ff2 fsb fc3 sc0 ls40 ws44\" style=\"z-index: 15;\">NOTE 1<span class=\"_ _179\"></span>1 - PERS<span class=\"_ _1\"></span>ONNEL E<span class=\"_ _4\"></span>XPENSES</div>\n<div class=\"t m8 x1 hd y31e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y31f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Salaries and wages<span class=\"_ _16f\"> </span>-27,492<span class=\"_ _44\"> </span>-22,568</div>\n<div class=\"t m8 x1 hc y320 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Social security charges<span class=\"_ _124\"> </span>-4,263<span class=\"_ _46\"> </span>-3,991</div>\n<div class=\"t m8 x1 hc y321 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Employee bene\ufb01t, de\ufb01ned bene\ufb01t and de\ufb01ned contribution plan<span class=\"_ _17a\"> </span>-577<span class=\"_ _4c\"> </span>-789</div>\n<div class=\"t m8 x1 hd y322 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Personnel expenses<span class=\"_ _24\"> </span>-32,333<span class=\"_ _52\"> </span>-27,349</div>\n<div class=\"t m8 x1 hd y323 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">At year<span class=\"_ _1\"></span>-end<span class=\"_ _4b\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y324 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Seagoing<span class=\"_ _17b\"> </span>1,508<span class=\"_ _15\"> </span>1,615</div>\n<div class=\"t m8 x1 hc y325 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Staff<span class=\"_ _17c\"> </span>418<span class=\"_ _25\"> </span>234</div>\n\n<div class=\"t m8 x1 hd y326 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Number of personnel members<span class=\"_ _145\"> </span>1,926<span class=\"_ _46\"> </span>1,849</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 352px; height: 20px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m28b x1 hb yad ff1 fs9 fc2 sc0 ls11 wsd\" style=\"z-index: 15;\">Sala<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d wag<span class=\"_ _4\"></span>es in<span class=\"_ _4\"></span>crea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d pr<span class=\"_ _4\"></span>ima<span class=\"_ _4\"></span>ril<span class=\"_ _4\"></span>y bec<span class=\"_ _4\"></span>au<span class=\"_ _4\"></span>se of h<span class=\"_ _4\"></span>ighe<span class=\"_ _4\"></span>r num<span class=\"_ _4\"></span>ber o<span class=\"_ _4\"></span>f eng<span class=\"_ _4\"></span>inee<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>s and te<span class=\"_ _4\"></span>ch<span class=\"_ _4\"></span>nic<span class=\"_ _4\"></span>al em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>es fo<span class=\"_ _4\"></span>r amo<span class=\"_ _4\"></span>ngs<span class=\"_ _4\"></span>t</div>\n<div class=\"t m28c x1 hb yc8 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">oth<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s the S<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>nand<span class=\"_ _4\"></span>oah p<span class=\"_ _4\"></span>roje<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t an<span class=\"_ _4\"></span>d the i<span class=\"_ _4\"></span>ncl<span class=\"_ _4\"></span>usio<span class=\"_ _4\"></span>n of Bexc<span class=\"_ _4\"></span>o sin<span class=\"_ _4\"></span>ce Nove<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r 2022 i<span class=\"_ _4\"></span>n the c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>olid<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n sco<span class=\"_ _4\"></span>pe (re<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb yae ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ivel<span class=\"_ _4\"></span>y wit<span class=\"_ _4\"></span>hin t<span class=\"_ _4\"></span>he Inf<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ure a<span class=\"_ _4\"></span>nd Se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ices s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts).</div>\n<div class=\"t m151 x1 hb yaf ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e numb<span class=\"_ _4\"></span>er of p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>so<span class=\"_ _4\"></span>nne<span class=\"_ _4\"></span>l mem<span class=\"_ _4\"></span>ber<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s th<span class=\"_ _4\"></span>e ef<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tive n<span class=\"_ _4\"></span>umb<span class=\"_ _4\"></span>er of p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>so<span class=\"_ _4\"></span>nne<span class=\"_ _4\"></span>l mem<span class=\"_ _4\"></span>ber<span class=\"_ _4\"></span>s in s<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _4\"></span>e per p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod</div>\n<div class=\"t m8 x1 hb yb0 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">en<span class=\"_ _4\"></span>d (inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he se<span class=\"_ _4\"></span>agoi<span class=\"_ _4\"></span>ng em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>es of o<span class=\"_ _4\"></span>ur eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es).</div>\n<div class=\"t m28d x1 hb yb1 ff1 fs9 fc2 sc0 ls11 wsc\" style=\"z-index: 15;\">A sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>ant p<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t o<span class=\"_ _4\"></span>f EX<span class=\"_ _4\"></span>MA<span class=\"_ _4\"></span>R\u2019s seag<span class=\"_ _4\"></span>oing p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>onne<span class=\"_ _4\"></span>l is em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>d on t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s hel<span class=\"_ _4\"></span>d or op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d by E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R\u2019s eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m28e x1 hb yb2 ff1 fs9 fc2 sc0 ls11 wsd\" style=\"z-index: 15;\">cou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s, th<span class=\"_ _4\"></span>e rela<span class=\"_ _4\"></span>ted ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>e is not i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he pe<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>nel ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es or c<span class=\"_ _4\"></span>rew ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es di<span class=\"_ _4\"></span>sc<span class=\"_ _4\"></span>los<span class=\"_ _4\"></span>ed ab<span class=\"_ _4\"></span>ove.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 212px; height: 366px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 212px; height: 366px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 212px; 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<div><br/></div>\n<div class=\"t m0 xe h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 1<span class=\"_ _179\"></span>2 - FINANCE INC<span class=\"_ _3\"></span>OME / EXPENS<span class=\"_ _3\"></span>ES</div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m8 xe hd y2f7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _17d\"> </span>2022<span class=\"_ _7a\"> </span>2021</div>\n<div class=\"t m8 xe hc y2f8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income on borr<span class=\"_ _3\"></span>owings to equity accounted investees\u2005<span class=\"_ _17e\"> </span>1,929<span class=\"_ _7a\"> </span>1,508</div>\n<div class=\"t m8 xe hc y2f9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income on cash and cash equivalents<span class=\"_ _13b\"> </span>5,196<span class=\"_ _1a\"> </span>29</div>\n<div class=\"t m8 xe hd y2fa ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income<span class=\"_ _17f\"> </span>7,125<span class=\"_ _126\"> </span>1,537</div>\n<div class=\"t m8 xe hc y327 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expenses on borr<span class=\"_ _3\"></span>owings<span class=\"_ _90\"> </span>-21,954<span class=\"_ _9c\"> </span>-15,526</div>\n<div class=\"t m8 xe hd y328 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expenses<span class=\"_ _180\"> </span>-21,954<span class=\"_ _db\"> </span>-15,526</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 8%; bottom: 967px; height: 140px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 967px; height: 140px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m28f xe hb y87 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t inc<span class=\"_ _4\"></span>ome o<span class=\"_ _4\"></span>n bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owin<span class=\"_ _4\"></span>gs to e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ees r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>s to int<span class=\"_ _4\"></span>eres<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s c<span class=\"_ _4\"></span>harg<span class=\"_ _4\"></span>ed to t<span class=\"_ _4\"></span>he e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y ac<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m290 xe hb y8c ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">cou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es on t<span class=\"_ _4\"></span>he b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s prov<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>d by E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR an<span class=\"_ _4\"></span>d inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>s a res<span class=\"_ _4\"></span>ult of hi<span class=\"_ _4\"></span>ghe<span class=\"_ _4\"></span>r aver<span class=\"_ _4\"></span>age o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>ng</div>\n<div class=\"t m8 xe hb y88 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">bala<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>s. We refe<span class=\"_ _4\"></span>r in t<span class=\"_ _4\"></span>his re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t al<span class=\"_ _4\"></span>so to N<span class=\"_ _4\"></span>ote 1<span class=\"_ _1\"></span>9 Bo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs to e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 905px; height: 202px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 905px; height: 202px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m8 xe hb y1cb ff1 fs9 fc2 sc0 ls2 ws55\" style=\"z-index: 15;\">Inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t in<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e on c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h and c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h eq<span class=\"_ _4\"></span>uiv<span class=\"_ _4\"></span>alen<span class=\"_ _4\"></span>ts i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ed s<span class=\"_ _4\"></span>igni\ufb01<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>ntly t<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ks t<span class=\"_ _4\"></span>o the hi<span class=\"_ _4\"></span>gher c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h p<span class=\"_ _4\"></span>osi<span class=\"_ _4\"></span>tion o<span class=\"_ _4\"></span>f EX<span class=\"_ _4\"></span>MA<span class=\"_ _4\"></span>R</div>\n<div class=\"t m8 xe hb y1cc ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">after the proceeds of the sale of the shares of Export LNG Ltd, owner of TANGO FLNG (see Note 4 Divestitures).</div>\n\n<div><br/></div>\n\n<div class=\"t m291 xe hb y8b ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>es re<span class=\"_ _4\"></span>late to E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR<span class=\"_ _4\"></span>\u2019s bor<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s as dis<span class=\"_ _4\"></span>clo<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d in Not<span class=\"_ _4\"></span>e 28 Bor<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s and t<span class=\"_ _4\"></span>he in<span class=\"_ _4\"></span>crea<span class=\"_ _4\"></span>se of US<span class=\"_ _4\"></span>D 6.4</div>\n<div class=\"t m292 xe hb y4a ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">millio<span class=\"_ _4\"></span>n is mai<span class=\"_ _4\"></span>nly t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>mbi<span class=\"_ _4\"></span>ned e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>t of (i<span class=\"_ _4\"></span>) the \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ing of t<span class=\"_ _4\"></span>he t<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>o new VLGC\u2019s sin<span class=\"_ _4\"></span>ce mid 20<span class=\"_ _4\"></span>21 (USD 5.3 millio<span class=\"_ _4\"></span>n)<span class=\"_ _3\"></span>,</div>\n<div class=\"t m293 xe hb y4b ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">(ii<span class=\"_ _4\"></span>) the e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>tive i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>st c<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>rec<span class=\"_ _7\"></span>tion o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e pre<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ized \ufb02<span class=\"_ _4\"></span>eet fo<span class=\"_ _4\"></span>llowi<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e exerc<span class=\"_ _4\"></span>ise of t<span class=\"_ _4\"></span>he ea<span class=\"_ _4\"></span>rly b<span class=\"_ _4\"></span>uy-<span class=\"_ _4\"></span>o<span class=\"_ _4\"></span>ut o<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n (USD</div>\n<div class=\"t m8 xe hb y4c ff1 fs9 fc2 sc0 ls2 ws2c\" style=\"z-index: 15;\">5.5 millio<span class=\"_ _4\"></span>n, of whic<span class=\"_ _4\"></span>h USD 3.3 m<span class=\"_ _4\"></span>illion i<span class=\"_ _4\"></span>s an ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ment of t<span class=\"_ _4\"></span>he hi<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ori<span class=\"_ _4\"></span>c inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse o<span class=\"_ _4\"></span>f pr<span class=\"_ _4\"></span>ior \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al year<span class=\"_ _4\"></span>s</div>\n<div class=\"t m294 x52 h15 y329 ff1 fse fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">1</div>\n<div class=\"t m8 x53 hb y4c ff1 fs9 fc2 sc0 ls2e ws17\" style=\"z-index: 15;\">) (bo<span class=\"_ _3\"></span>th</div>\n<div class=\"t m295 xe hb y4d ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">Shi<span class=\"_ _4\"></span>ppi<span class=\"_ _4\"></span>ng se<span class=\"_ _4\"></span>gm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>), of<span class=\"_ _4\"></span>fs<span class=\"_ _4\"></span>et by (<span class=\"_ _4\"></span>iii) lo<span class=\"_ _4\"></span>wer i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s in th<span class=\"_ _4\"></span>e Inf<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ure s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>ment d<span class=\"_ _4\"></span>ue to t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>pay<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t of th<span class=\"_ _4\"></span>e NOK</div>\n<div class=\"t m296 xe hb y4e ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">bo<span class=\"_ _4\"></span>nd (US<span class=\"_ _4\"></span>D 3.3 millio<span class=\"_ _4\"></span>n) at mat<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y en<span class=\"_ _4\"></span>d May 2022 a<span class=\"_ _4\"></span>nd lo<span class=\"_ _4\"></span>wer ma<span class=\"_ _4\"></span>rgin<span class=\"_ _4\"></span>s and e<span class=\"_ _4\"></span>arl<span class=\"_ _4\"></span>y rep<span class=\"_ _4\"></span>aym<span class=\"_ _4\"></span>ent of t<span class=\"_ _4\"></span>he Ba<span class=\"_ _4\"></span>nk O<span class=\"_ _4\"></span>f Chin<span class=\"_ _4\"></span>a loa<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 xe hb y72 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">facility in August 2022 upon the sale of the shares of Export LNG Ltd, owner of TANGO FLNG (USD 1.8 million).</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 740px; height: 119px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t m8 xe hd y32a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _17d\"> </span>2022<span class=\"_ _7a\"> </span>2021</div>\n<div class=\"t m8 xe hc y32b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Realised exchange gains<span class=\"_ _181\"> </span>2,967<span class=\"_ _7a\"> </span>2,237</div>\n<div class=\"t m8 xe hc y32c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unrealised exchange gains<span class=\"_ _182\"> </span>2,418<span class=\"_ _7a\"> </span>6,270</div>\n<div class=\"t m8 xe hc y32d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Dividend income from non-consolidated companies<span class=\"_ _183\"> </span>18<span class=\"_ _1a\"> </span>16</div>\n<div class=\"t m8 xe hc y32e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity securities measured at FVTPL<span class=\"_ _90\"> </span>280<span class=\"_ _18\"> </span>662</div>\n<div class=\"t m8 xe hc y32f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fair value gain on \ufb01nancial instruments<span class=\"_ _a9\"> </span>934<span class=\"_ _18\"> </span>920</div>\n<div class=\"t m8 xe hc y330 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Premium r<span class=\"_ _3\"></span>efund<span class=\"_ _184\"> </span>2,497<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m8 xe hc y331 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other\u2005<span class=\"_ _11e\"> </span>410<span class=\"_ _1a\"> </span>92</div>\n<div class=\"t m8 xe hd y332 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other \ufb01nance income<span class=\"_ _185\"> </span>9,525<span class=\"_ _14d\"> </span>10,198</div>\n<div class=\"t m8 xe hc y333 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Realised exchange losses<span class=\"_ _186\"> </span>-6,324<span class=\"_ _64\"> </span>-928</div>\n<div class=\"t m8 xe hc y334 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unrealised exchange losses<span class=\"_ _187\"> </span>-1,236<span class=\"_ _126\"> </span>-1,933</div>\n<div class=\"t m8 xe hc y335 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Amortisation transaction costs<span class=\"_ _188\"> </span>-7,504<span class=\"_ _126\"> </span>-2,674</div>\n<div class=\"t m8 xe hc y336 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Banking fees<span class=\"_ _189\"> </span>-2,280<span class=\"_ _64\"> </span>-922</div>\n<div class=\"t m8 xe hc y337 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other\u2005\u2005<span class=\"_ _18a\"> </span>-711<span class=\"_ _64\"> </span>-328</div>\n<div class=\"t m8 xe hd y338 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other \ufb01nance expenses<span class=\"_ _18b\"> </span>-18,055<span class=\"_ _a0\"> </span>-6,785</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 412px; height: 447px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m297 xe hb ya9 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e realize<span class=\"_ _4\"></span>d exc<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>e gain<span class=\"_ _4\"></span>s, net of t<span class=\"_ _4\"></span>he se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>tle<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s of re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d der<span class=\"_ _4\"></span>iv<span class=\"_ _4\"></span>ative a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s, pr<span class=\"_ _4\"></span>im<span class=\"_ _4\"></span>aril<span class=\"_ _4\"></span>y rela<span class=\"_ _4\"></span>te to th<span class=\"_ _4\"></span>e NOK</div>\n<div class=\"t m8 xe hb yaa ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">bo<span class=\"_ _4\"></span>nd re<span class=\"_ _4\"></span>pay<span class=\"_ _4\"></span>ment i<span class=\"_ _4\"></span>n May 2022.</div>\n<div class=\"t m298 xe hb yab ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e unrea<span class=\"_ _4\"></span>lized e<span class=\"_ _4\"></span>xcha<span class=\"_ _4\"></span>nge g<span class=\"_ _4\"></span>ains d<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>ed as 2<span class=\"_ _4\"></span>021 inclu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d USD 2.4 millio<span class=\"_ _4\"></span>n gain<span class=\"_ _4\"></span>s on th<span class=\"_ _4\"></span>e tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>lati<span class=\"_ _4\"></span>on of t<span class=\"_ _4\"></span>he NOK</div>\n<div class=\"t m8 xe hb yac ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">bo<span class=\"_ _4\"></span>nd int<span class=\"_ _4\"></span>o USD.</div>\n<div class=\"t m299 xe hb yad ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s a res<span class=\"_ _4\"></span>ult of t<span class=\"_ _4\"></span>he ear<span class=\"_ _4\"></span>ly r<span class=\"_ _4\"></span>epay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e Ban<span class=\"_ _4\"></span>k of Chin<span class=\"_ _4\"></span>a loa<span class=\"_ _4\"></span>n, the Gro<span class=\"_ _4\"></span>up o<span class=\"_ _4\"></span>bta<span class=\"_ _4\"></span>ine<span class=\"_ _4\"></span>d a ref<span class=\"_ _4\"></span>und o<span class=\"_ _4\"></span>f USD 2.5 millio<span class=\"_ _4\"></span>n on</div>\n<div class=\"t m8 xe hb yc8 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">previously paid credit insur<span class=\"_ _4\"></span>ance premiums.</div>\n<div class=\"t m29a xe hb yae ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e realiz<span class=\"_ _4\"></span>ed exc<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ge lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es of 20<span class=\"_ _4\"></span>22 inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>e USD 5.6 milli<span class=\"_ _4\"></span>on lo<span class=\"_ _4\"></span>ss o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e set<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>le<span class=\"_ _4\"></span>ment o<span class=\"_ _4\"></span>f EUR-<span class=\"_ _4\"></span>USD sh<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>t-ter<span class=\"_ _4\"></span>m s<span class=\"_ _4\"></span>wap<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m29b xe hb yaf ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>sat<span class=\"_ _4\"></span>ion of t<span class=\"_ _4\"></span>he t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on co<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ed d<span class=\"_ _4\"></span>ue to t<span class=\"_ _4\"></span>he acc<span class=\"_ _4\"></span>ele<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ted re<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>gnit<span class=\"_ _4\"></span>ion of t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ap<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>alize<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>ncin<span class=\"_ _4\"></span>g</div>\n<div class=\"t m285 xe hb yb0 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">fee<span class=\"_ _4\"></span>s on t<span class=\"_ _4\"></span>he Ban<span class=\"_ _4\"></span>k of Chi<span class=\"_ _4\"></span>na loa<span class=\"_ _4\"></span>n and S<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uoia c<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>dit f<span class=\"_ _4\"></span>aci<span class=\"_ _4\"></span>lit<span class=\"_ _4\"></span>y up<span class=\"_ _4\"></span>on t<span class=\"_ _4\"></span>he ea<span class=\"_ _4\"></span>rly t<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>mina<span class=\"_ _4\"></span>tion o<span class=\"_ _4\"></span>f the<span class=\"_ _4\"></span>se lo<span class=\"_ _4\"></span>an ag<span class=\"_ _4\"></span>ree<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s (see</div>\n<div class=\"t m8 xe hb yb1 ff1 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">als<span class=\"_ _4\"></span>o Note 28 Bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owin<span class=\"_ _4\"></span>gs). Relate<span class=\"_ _4\"></span>d to t<span class=\"_ _4\"></span>his, E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR pai<span class=\"_ _4\"></span>d a ca<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>llati<span class=\"_ _4\"></span>on fe<span class=\"_ _4\"></span>e to Se<span class=\"_ _4\"></span>quo<span class=\"_ _4\"></span>ia of USD 1<span class=\"_ _3\"></span>.0 million, w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h pr<span class=\"_ _4\"></span>i<span class=\"ws2\">-</span></div>\n<div class=\"t m8 xe hb yb2 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">mar<span class=\"_ _4\"></span>ily ex<span class=\"_ _4\"></span>pl<span class=\"_ _4\"></span>ains t<span class=\"_ _4\"></span>he in<span class=\"_ _4\"></span>crea<span class=\"_ _4\"></span>se in \u201cBa<span class=\"_ _4\"></span>nk<span class=\"_ _4\"></span>ing fe<span class=\"_ _4\"></span>es\u201d<span class=\"_ _2\"></span>.</div>\n<div class=\"t m29c xe h14 y339 ff7 fsd fc2 sc0 ls2 ws5f\" style=\"z-index: 15;\">1 <span class=\"_ _18c\"> </span>The US<span class=\"_ _4\"></span>D 3.3 m<span class=\"_ _4\"></span>illi<span class=\"_ _4\"></span>on i<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>rest e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>e ad<span class=\"_ _4\"></span>ju<span class=\"_ _4\"></span>stm<span class=\"_ _4\"></span>ent re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>s to th<span class=\"_ _4\"></span>e cor<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of an e<span class=\"_ _4\"></span>rro<span class=\"_ _4\"></span>r reg<span class=\"_ _4\"></span>ardi<span class=\"_ _4\"></span>ng t<span class=\"_ _4\"></span>he acc<span class=\"_ _4\"></span>ou<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>g for s<span class=\"_ _4\"></span>ale &amp; l<span class=\"_ _4\"></span>ea<span class=\"_ _4\"></span>se ba<span class=\"_ _4\"></span>ck tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>sac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ons d<span class=\"_ _4\"></span>at<span class=\"ws2\">-</span></div>\n<div class=\"t m29d xe h14 y33a ff7 fsd fc2 sc0 ls2 ws60\" style=\"z-index: 15;\">ing b<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>k to 201<span class=\"_ _3\"></span>9 for fo<span class=\"_ _4\"></span>ur p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>ized v<span class=\"_ _4\"></span>ess<span class=\"_ _4\"></span>el<span class=\"_ _4\"></span>s. The<span class=\"_ _4\"></span>se s<span class=\"_ _4\"></span>ale a<span class=\"_ _4\"></span>nd le<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>e bac<span class=\"_ _4\"></span>k tra<span class=\"_ _4\"></span>nsa<span class=\"_ _4\"></span>ct<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s were a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d for i<span class=\"_ _4\"></span>n acc<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>e with IAS 1<span class=\"_ _3\"></span>7 whe<span class=\"_ _4\"></span>rea<span class=\"_ _4\"></span>s IFRS 16 bec<span class=\"_ _4\"></span>ame</div>\n<div class=\"t m0 xe h14 y33b ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ap<span class=\"_ _4\"></span>pli<span class=\"_ _4\"></span>cab<span class=\"_ _4\"></span>le i<span class=\"_ _4\"></span>n 201<span class=\"_ _3\"></span>9<span class=\"_ _1\"></span>. Th<span class=\"_ _4\"></span>e im<span class=\"_ _4\"></span>pac<span class=\"_ _4\"></span>t wa<span class=\"_ _4\"></span>s con<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>red as n<span class=\"_ _4\"></span>ot mat<span class=\"_ _4\"></span>eri<span class=\"_ _4\"></span>al an<span class=\"_ _4\"></span>d the<span class=\"_ _4\"></span>refo<span class=\"_ _4\"></span>re in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d as a cu<span class=\"_ _4\"></span>rre<span class=\"_ _4\"></span>nt yea<span class=\"_ _4\"></span>r ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>tme<span class=\"_ _4\"></span>nt.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 74px; height: 1065px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 74px; height: 1065px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 74px; height: 1065px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1 h6 y1d6 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Finance inc<span class=\"_ _3\"></span>ome and e<span class=\"_ _1\"></span>x<span class=\"_ _4\"></span>pense direct<span class=\"_ _4\"></span>ly recogniz<span class=\"_ _1\"></span>ed in equit<span class=\"_ _4\"></span>y</div>\n<div class=\"t m8 x1 hd y2f7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _17d\"> </span>2022<span class=\"_ _7a\"> </span>2021</div>\n<div class=\"t m8 x1 hc y2f8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity accounted investees - share of other compr<span class=\"_ _3\"></span>ehensive income<span class=\"_ _c6\"> </span>1,944<span class=\"_ _18\"> </span>618</div>\n<div class=\"t m8 x1 hc y2f9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Foreign curr<span class=\"_ _3\"></span>ency translation differ<span class=\"_ _3\"></span>ences<span class=\"_ _18d\"> </span>577<span class=\"_ _126\"> </span>-1,521</div>\n<div class=\"t m8 x1 hd y2fa ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Finance income/expense recognised dir<span class=\"_ _3\"></span>ectly in equity<span class=\"_ _18e\"> </span>2,521<span class=\"_ _e7\"> </span>-903</div>\n<div class=\"t m8 x1 hd y327 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Recognised in:</div>\n<div class=\"t m8 x1f hc y328 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ranslation r<span class=\"_ _3\"></span>eserve<span class=\"_ _18f\"> </span>265<span class=\"_ _126\"> </span>-1,942</div>\n<div class=\"t m8 x1f hc y33c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Hedging reserve<span class=\"_ _6d\"> </span>2,249<span class=\"_ _7a\"> </span>1,059</div>\n<div class=\"t m8 x1f hc y33d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-controlling inter<span class=\"_ _3\"></span>est<span class=\"_ _171\"> </span>7<span class=\"_ _44\"> </span>-20</div>\n<div class=\"t m8 x54 hd y33e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2,521<span class=\"_ _e7\"> </span>-904</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 907px; height: 224px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m29e x1 hb y8a ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e movem<span class=\"_ _4\"></span>ent of t<span class=\"_ _4\"></span>he tr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>nsla<span class=\"_ _4\"></span>tion r<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ve i<span class=\"_ _4\"></span>s mainl<span class=\"_ _4\"></span>y th<span class=\"_ _4\"></span>e cons<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>ue<span class=\"_ _4\"></span>nce of t<span class=\"_ _4\"></span>he evol<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>on of t<span class=\"_ _4\"></span>he USD/EUR exc<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ge r<span class=\"_ _4\"></span>ate.</div>\n<div class=\"t m29f x1 hb yd8 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">In ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain of o<span class=\"_ _4\"></span>ur eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es, int<span class=\"_ _4\"></span>eres<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate s<span class=\"_ _4\"></span>wa<span class=\"_ _4\"></span>ps (IRS<span class=\"_ _4\"></span>) con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s we<span class=\"_ _4\"></span>re sig<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>d to cover t<span class=\"_ _4\"></span>heir e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>osu<span class=\"_ _4\"></span>re</div>\n<div class=\"t m8 x1 hb y8b ff1 fs9 fc2 sc0 ls17 ws2c\" style=\"z-index: 15;\">on var<span class=\"_ _4\"></span>iable intere<span class=\"_ _4\"></span>st r<span class=\"_ _4\"></span>ates.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 839px; height: 292px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 839px; height: 292px; width: 94%; z-index: 2;\"><br/></div>\n\n\n<div class=\"t m0 x1 h11 y50 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 1<span class=\"_ _179\"></span>3 - INCOME T<span class=\"_ _2\"></span>A<span class=\"_ _4\"></span>XES</div>\n<div class=\"t m8 x1 hd y33f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _61\"> </span>2022<span class=\"_ _190\"> </span>2021</div>\n<div class=\"t m8 x1 hc y340 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>axes current period\u2005<span class=\"_ _68\"> </span>-1,717<span class=\"_ _191\"> </span>-1,945</div>\n<div class=\"t m8 x1 hc y341 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Prior year adjustments<span class=\"_ _58\"> </span>-314<span class=\"_ _192\"> </span>6</div>\n<div class=\"t m8 x1 hd y342 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Income taxes<span class=\"_ _193\"> </span>-2,030<span class=\"_ _f3\"> </span>-1,939</div>\n<div class=\"t m8 x1 hd y343 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Deferred income taxes<span class=\"_ _4e\"> </span>958<span class=\"_ _194\"> </span>0</div>\n<div class=\"t m8 x1 hd y344 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Income taxes<span class=\"_ _193\"> </span>-1,072<span class=\"_ _f3\"> </span>-1,939</div>\n<div class=\"t m8 x1 hd y345 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">RECONCILIA<span class=\"_ _1\"></span>TION</div>\n<div class=\"t m8 x1 hd y346 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Result before income tax<span class=\"_ _f2\"> </span>\u2005<span class=\"_ _195\"> </span>321,420<span class=\"_ _115\"> </span>13,574</div>\n<div class=\"t m8 x1 hd y347 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>ax at domestic tax rate<span class=\"_ _196\"> </span>-25.00%<span class=\"_ _db\"> </span>-80,355<span class=\"_ _12d\"> </span>-25.00%<span class=\"_ _a0\"> </span>-3,393</div>\n<div class=\"t m8 x1 hc y348 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>ax impact on share of pro\ufb01t of equity accounted</div>\n<div class=\"t m8 x1 hc y349 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">investees</div>\n<div class=\"t m8 x55 hc y34a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">8,001<span class=\"_ _190\"> </span>5,442</div>\n<div class=\"t m8 x1 hc y34b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Increase/decr<span class=\"_ _3\"></span>ease resulting fr<span class=\"_ _3\"></span>om:</div>\n<div class=\"t m8 x1 hc y34c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Effects of tax rates in for<span class=\"_ _3\"></span>eign jurisdictions<span class=\"_ _d1\"> </span>-3,807<span class=\"_ _191\"> </span>-4,621</div>\n<div class=\"t m8 x1 hc y34d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-deductible expenses<span class=\"_ _143\"> </span>-2,316<span class=\"_ _197\"> </span>-244</div>\n<div class=\"t m8 x1 hc y34e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other taxes<span class=\"_ _198\"> </span>-79<span class=\"_ _71\"> </span>-803</div>\n<div class=\"t m8 x1 hc y34f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current year tax losses/ cr<span class=\"_ _3\"></span>edits for which no deferred tax</div>\n<div class=\"t m8 x1 hc y350 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">asset has been recognised</div>\n<div class=\"t m8 x56 hc y351 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-112<span class=\"_ _f8\"> </span>-10,225</div>\n<div class=\"t m8 x1 hc y352 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Use of tax credits, tax losses carried forwar<span class=\"_ _3\"></span>d,... for which</div>\n<div class=\"t m8 x1 hc y353 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">no DT<span class=\"_ _1\"></span>A was recognised befor<span class=\"_ _3\"></span>e</div>\n<div class=\"t m8 x57 hc y354 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15; margin-left: 14px;\">389<span class=\"_ _199\"> </span>15,706</div>\n<div class=\"t m8 x1 hc y355 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unused tax losses under the Belgian tonnage tax regime<span class=\"_ _19a\"> </span>-1,472<span class=\"_ _191\"> </span>-3,429</div>\n<div class=\"t m8 x1 hc y356 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>ax exempt income<span class=\"_ _16d\"> </span>78,993<span class=\"_ _197\"> </span>-149</div>\n<div class=\"t m8 x1 hc y357 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Adjustments in respect of prior years<span class=\"_ _30\"> </span>-316<span class=\"_ _197\"> </span>-223</div>\n<div class=\"t m8 x1 hd y358 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Reconciliation of the effective tax rate<span class=\"_ _19b\"> </span>-0.3%<span class=\"_ _a0\"> </span>-1,072<span class=\"_ _19c\"> </span>-14.29%<span class=\"_ _a0\"> </span>-1,939</div>\n<div class=\"t m237 x1 hb yb2 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e ta<span class=\"_ _4\"></span>x exem<span class=\"_ _4\"></span>pt inc<span class=\"_ _4\"></span>ome r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>d pr<span class=\"_ _4\"></span>im<span class=\"_ _4\"></span>aril<span class=\"_ _4\"></span>y to th<span class=\"_ _4\"></span>e gain o<span class=\"_ _4\"></span>n dis<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sal o<span class=\"_ _4\"></span>f 1<span class=\"_ _3\"></span>0<span class=\"_ _4\"></span>0% of t<span class=\"_ _4\"></span>he sh<span class=\"_ _4\"></span>ares o<span class=\"_ _4\"></span>f E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>t LNG (s<span class=\"_ _4\"></span>ee not<span class=\"_ _4\"></span>e 4</div>\n<div class=\"t m8 x1 hb yb3 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">Divestit<span class=\"_ _4\"></span>ures)<span class=\"_ _1\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 195px; height: 532px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 195px; height: 936px; 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 xe h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 1<span class=\"_ _179\"></span>4 - VESSELS AND BARGES</div>\n<div class=\"t m8 xe hd y359 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 xe hd y35a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cost</div>\n<div class=\"t m8 x58 hd y35b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Shipping<span class=\"_ _13\"> </span>Infrastructure</div>\n<div class=\"t m8 x59 hd y35c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Under</div>\n<div class=\"t m8 x28 hd y359 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">construction</div>\n<div class=\"t m8 x5a hd y35a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">- advance</div>\n<div class=\"t m8 x18 hd y35d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">payments</div>\n<div class=\"t m8 x5b hd y35b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 xe hd y35e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2021<span class=\"_ _192\"> </span>122,350<span class=\"_ _12d\"> </span>487,173<span class=\"_ _14d\"> </span>33,163<span class=\"_ _19c\"> </span>642,684</div>\n<div class=\"t m8 xe hc y35f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1b hc y360 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Acquisitions\u2005<span class=\"_ _19d\"> </span>4,188<span class=\"_ _7a\"> </span>1,516<span class=\"_ _9d\"> </span>128,878<span class=\"_ _9d\"> </span>134,582</div>\n<div class=\"t m8 x1b hc y361 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowing costs<span class=\"_ _183\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _18\"> </span>720<span class=\"_ _92\"> </span>720</div>\n<div class=\"t m8 x1b hc y362 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Reclassi\ufb01cation<span class=\"_ _30\"> </span>1,909<span class=\"_ _15\"> </span>0<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>1,909</div>\n<div class=\"t m8 x1b hc y363 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ransfers<span class=\"_ _19e\"> </span>162,761<span class=\"_ _15\"> </span>0<span class=\"_ _ac\"> </span>-162,761<span class=\"_ _27\"> </span>0</div>\n<div class=\"t m8 xe hd y364 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2021<span class=\"_ _19f\"> </span>291,208<span class=\"_ _12d\"> </span>488,688<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>779,896</div>\n<div class=\"t m8 xe hd y365 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2022<span class=\"_ _192\"> </span>291,208<span class=\"_ _12d\"> </span>488,688<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>779,896</div>\n<div class=\"t m8 xe hc y366 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1b hc y367 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Acquisitions<span class=\"_ _d0\"> </span>5,656<span class=\"_ _b1\"> </span>14,212<span class=\"_ _15\"> </span>0<span class=\"_ _8a\"> </span>19,867</div>\n<div class=\"t m8 x1b hc y368 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Increase thr<span class=\"_ _3\"></span>ough share deal<span class=\"_ _66\"> </span>0<span class=\"_ _8a\"> </span>39,860<span class=\"_ _15\"> </span>0<span class=\"_ _8a\"> </span>39,860</div>\n<div class=\"t m8 x1b hc y369 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Disposals<span class=\"_ _1a0\"> </span>0<span class=\"_ _ac\"> </span>-300,053<span class=\"_ _15\"> </span>0<span class=\"_ _ac\"> </span>-300,053</div>\n<div class=\"t m8 x1b hc y36a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Reclassi\ufb01cation<span class=\"_ _d0\"> </span>34<span class=\"_ _64\"> </span>-713<span class=\"_ _15\"> </span>0<span class=\"_ _64\"> </span>-679</div>\n<div class=\"t m8 xe hd y36b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2022<span class=\"_ _19f\"> </span>296,898<span class=\"_ _12d\"> </span>241,993<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>538,891</div>\n\n<div class=\"t m8 xe hd y36c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations and impairment losses</div>\n<div class=\"t m8 xe hd y36d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2021<span class=\"_ _1a1\"> </span>29,723<span class=\"_ _14d\"> </span>51,539<span class=\"_ _131\"> </span>0<span class=\"_ _1a2\"> </span>81,261</div>\n<div class=\"t m8 xe hc y36e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1b hc y36f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations<span class=\"_ _30\"> </span>13,691<span class=\"_ _8a\"> </span>15,600<span class=\"_ _15\"> </span>0<span class=\"_ _b1\"> </span>29,291</div>\n<div class=\"t m8 x1b hc y370 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Disposals<span class=\"_ _1a3\"> </span>1,908<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _7a\"> </span>1,908</div>\n<div class=\"t m8 xe hd y371 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2021<span class=\"_ _a4\"> </span>45,322<span class=\"_ _14d\"> </span>86,139<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>131,461</div>\n<div class=\"t m8 xe hd y372 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2022<span class=\"_ _1a1\"> </span>45,322<span class=\"_ _1a2\"> </span>86,139<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>131,461</div>\n<div class=\"t m8 xe hc y373 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1b hc y374 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations<span class=\"_ _30\"> </span>19,837<span class=\"_ _8a\"> </span>11,801<span class=\"_ _15\"> </span>0<span class=\"_ _b1\"> </span>31,638</div>\n<div class=\"t m8 x1b hc y375 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairments<span class=\"_ _50\"> </span>0<span class=\"_ _14d\"> </span>-18,300<span class=\"_ _27\"> </span>0<span class=\"_ _14d\"> </span>-18,300</div>\n<div class=\"t m8 x1b hc y376 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Disposals<span class=\"_ _1a0\"> </span>0<span class=\"_ _9c\"> </span>-43,874<span class=\"_ _15\"> </span>0<span class=\"_ _9c\"> </span>-43,874</div>\n<div class=\"t m8 xe hd y377 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2022<span class=\"_ _a4\"> </span>65,159<span class=\"_ _14d\"> </span>35,766<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>100,925</div>\n<div class=\"t m8 xe hd y378 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value</div>\n<div class=\"t m8 xe hd y379 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value as per December 31, 2021<span class=\"_ _1a4\"> </span>245,887<span class=\"_ _12d\"> </span>402,549<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>648,436</div>\n<div class=\"t m8 xe hd y37a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value as per December 31, 2022<span class=\"_ _1a4\"> </span>231,739<span class=\"_ _12d\"> </span>206,227<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>437,966</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 364px; height: 360px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 364px; height: 775px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 364px; height: 775px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 364px; height: 775px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div></div>\n<div class=\"t m8 x1 hb y42 ff1 fs9 fc2 sc0 ls2 ws1c\" style=\"z-index: 15;\">In 202<span class=\"_ _4\"></span>2, the ac<span class=\"_ _4\"></span>quis<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ions r<span class=\"_ _4\"></span>elate t<span class=\"_ _4\"></span>o ca<span class=\"_ _4\"></span>pit<span class=\"_ _4\"></span>aliz<span class=\"_ _4\"></span>ed dr<span class=\"_ _7\"></span>y do<span class=\"_ _4\"></span>ck ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es fo<span class=\"_ _4\"></span>r ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ls in t<span class=\"_ _4\"></span>he Shi<span class=\"_ _4\"></span>ppi<span class=\"_ _4\"></span>ng an<span class=\"_ _4\"></span>d Inf<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ure s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y7e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m2a0 x1 hb y7f ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R, Inf<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ure s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>ment, a<span class=\"_ _4\"></span>cq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d the E<span class=\"_ _4\"></span>XC<span class=\"_ _4\"></span>ALIB<span class=\"_ _4\"></span>UR ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>l on Se<span class=\"_ _4\"></span>pte<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r 20, 2022 fo<span class=\"_ _4\"></span>llowi<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e acq<span class=\"_ _4\"></span>uisi<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 x1 hb y43 ff1 fs9 fc2 sc0 ls2 ws2c\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e rema<span class=\"_ _4\"></span>inin<span class=\"_ _4\"></span>g 50% s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s of Sol<span class=\"_ _4\"></span>aia Shi<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>ing LLC. a<span class=\"_ _4\"></span>nd va<span class=\"_ _4\"></span>lue<span class=\"_ _4\"></span>d the ve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>sel at U<span class=\"_ _4\"></span>SD 40.0 mil<span class=\"_ _4\"></span>lion. We ref<span class=\"_ _4\"></span>er to Not<span class=\"_ _4\"></span>e 5</div>\n<div class=\"t m8 x1 hb y1c8 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">Business combinations<span class=\"_ _3\"></span> and other<span class=\"_ _3\"></span> share deals.</div>\n<div class=\"t md9 x1 hb y81 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">On A<span class=\"_ _4\"></span>ugu<span class=\"_ _4\"></span>st 26, 202<span class=\"_ _4\"></span>2 the \ufb02<span class=\"_ _4\"></span>oati<span class=\"_ _4\"></span>ng liq<span class=\"_ _4\"></span>uef<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion un<span class=\"_ _4\"></span>it T<span class=\"_ _1\"></span>AN<span class=\"_ _4\"></span>GO FLNG w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h a net b<span class=\"_ _4\"></span>ook v<span class=\"_ _4\"></span>alue o<span class=\"_ _4\"></span>f USD 256.<span class=\"_ _4\"></span>2 millio<span class=\"_ _4\"></span>n was</div>\n<div class=\"t m2a1 x1 hb y82 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ed to En<span class=\"_ _4\"></span>i follo<span class=\"_ _4\"></span>wing t<span class=\"_ _4\"></span>he cl<span class=\"_ _4\"></span>osi<span class=\"_ _4\"></span>ng of t<span class=\"_ _4\"></span>he sha<span class=\"_ _4\"></span>re pu<span class=\"_ _4\"></span>rch<span class=\"_ _4\"></span>ase a<span class=\"_ _4\"></span>gre<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt sig<span class=\"_ _4\"></span>ned b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>een t<span class=\"_ _4\"></span>he pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ies (se<span class=\"_ _4\"></span>e Note 4</div>\n<div class=\"t m8 x1 hb y83 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Dive<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tit<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>s for a de<span class=\"_ _4\"></span>sc<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n of th<span class=\"_ _4\"></span>e tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion).</div>\n<div class=\"t m2a2 x1 hb y84 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15; word-spacing: 0px;\">The acquisitions in 2021 mainly relate to the VLGC\u2019s, FLANDERS INNOVATION and FLANDERS PIONEER for which</div>\n<div class=\"t m2a3 x1 hb y85 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15; word-spacing: -4px;\">advances of USD 33.2 million were paid in previous years. These vessels were delivered end June 2021 and September</div>\n<div class=\"t m2a4 x1 hb y86 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15; word-spacing: 4px;\">2021 respectively and at that moment transferred to the Shipping segment (total acquisition cost including first</div>\n<div class=\"t m8 x1 hb y87 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">outfitting costs and capitalized dry-dock expenses of USD 167.0 million).</div>\n<div class=\"t m2a5 x1 hb y8c ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e ves<span class=\"_ _4\"></span>sel<span class=\"_ _4\"></span>s are p<span class=\"_ _4\"></span>led<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>d as a se<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y for t<span class=\"_ _4\"></span>he rel<span class=\"_ _4\"></span>ated u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>lyi<span class=\"_ _4\"></span>ng liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es. We re<span class=\"_ _4\"></span>fer to N<span class=\"_ _4\"></span>ote 28 Bor<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>wing<span class=\"_ _4\"></span>s for m<span class=\"_ _4\"></span>ore</div>\n<div class=\"t m8 x1 hb y88 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">information in<span class=\"_ _3\"></span> respec<span class=\"_ _4\"></span>t of these<span class=\"_ _3\"></span> underlying liabi<span class=\"_ _3\"></span>lities.</div>\n\n<div class=\"t m0 x1 h6 y1f8 ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Impairment</div>\n<div class=\"t m292 x1 hb y8b ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">For t<span class=\"_ _4\"></span>he w<span class=\"_ _4\"></span>holly<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>own<span class=\"_ _4\"></span>ed \ufb02e<span class=\"_ _4\"></span>et, i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>nal a<span class=\"_ _4\"></span>nd ex<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>rn<span class=\"_ _4\"></span>al tr<span class=\"_ _4\"></span>igg<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s are ev<span class=\"_ _4\"></span>alua<span class=\"_ _4\"></span>ted w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h indi<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>te tha<span class=\"_ _4\"></span>t the c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g valu<span class=\"_ _4\"></span>e of</div>\n<div class=\"t m2a6 x1 hb y4a ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e \ufb02eet s<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>uld b<span class=\"_ _4\"></span>e tes<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d for i<span class=\"_ _4\"></span>mpai<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>. Th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt of t<span class=\"_ _4\"></span>he \ufb02e<span class=\"_ _4\"></span>et is c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>are<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e rec<span class=\"_ _4\"></span>over<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt,</div>\n<div class=\"t m8 x1 hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">whi<span class=\"_ _4\"></span>ch is t<span class=\"_ _4\"></span>he hig<span class=\"_ _4\"></span>her of t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue le<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s cos<span class=\"_ _4\"></span>t to s<span class=\"_ _4\"></span>ell an<span class=\"_ _4\"></span>d the v<span class=\"_ _4\"></span>alue i<span class=\"_ _4\"></span>n use.</div>\n<div class=\"t m2a7 x1 hb y4c ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e les<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>s to s<span class=\"_ _4\"></span>ell i<span class=\"_ _4\"></span>s bas<span class=\"_ _4\"></span>ed u<span class=\"_ _4\"></span>pon t<span class=\"_ _4\"></span>he ave<span class=\"_ _4\"></span>rag<span class=\"_ _4\"></span>e fa<span class=\"_ _4\"></span>ir mar<span class=\"_ _4\"></span>ket va<span class=\"_ _4\"></span>lue as d<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>d by t<span class=\"_ _4\"></span>wo in<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>pen<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>nt shi<span class=\"_ _4\"></span>p</div>\n<div class=\"t m2a8 x1 hb y4d ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">bro<span class=\"_ _4\"></span>ker<span class=\"_ _4\"></span>s or re<span class=\"_ _4\"></span>cent m<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ket tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ions o<span class=\"_ _4\"></span>f com<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>. Thi<span class=\"_ _4\"></span>s mar<span class=\"_ _4\"></span>ket valu<span class=\"_ _4\"></span>e is co<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d wit<span class=\"_ _4\"></span>h an ave<span class=\"_ _4\"></span>rag<span class=\"_ _4\"></span>e bro<span class=\"_ _4\"></span>ker<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m2a9 x1 hb y4e ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">age c<span class=\"_ _4\"></span>ommi<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ion t<span class=\"_ _4\"></span>o be pa<span class=\"_ _4\"></span>id wh<span class=\"_ _4\"></span>en a ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>el is s<span class=\"_ _4\"></span>old<span class=\"_ _4\"></span>. The v<span class=\"_ _4\"></span>alue i<span class=\"_ _4\"></span>n use i<span class=\"_ _4\"></span>s bas<span class=\"_ _4\"></span>ed u<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>n the e<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tima<span class=\"_ _4\"></span>ted f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s</div>\n<div class=\"t m157 x1 hb y72 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">dis<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d to the<span class=\"_ _4\"></span>ir pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nt val<span class=\"_ _4\"></span>ue an<span class=\"_ _4\"></span>d re\ufb02e<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>g cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nt mar<span class=\"_ _4\"></span>ket as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>sm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>latin<span class=\"_ _4\"></span>g to fr<span class=\"_ _4\"></span>eight r<span class=\"_ _4\"></span>ate e<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tima<span class=\"_ _4\"></span>tes, e<span class=\"_ _4\"></span>m<span class=\"ws2\">-</span></div>\n<div class=\"t m1d7 x1 hb y4f ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">ploy<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt an<span class=\"_ _4\"></span>d ope<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>g exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>ses<span class=\"_ _4\"></span>. Th<span class=\"_ _4\"></span>e valu<span class=\"_ _4\"></span>e in us<span class=\"_ _4\"></span>e mod<span class=\"_ _4\"></span>el al<span class=\"_ _4\"></span>so in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>des a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>ns t<span class=\"_ _4\"></span>aken am<span class=\"_ _4\"></span>ong<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t oth<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s wit<span class=\"_ _4\"></span>h</div>\n<div class=\"t m8 x1 hb y50 ff1 fs9 fc2 sc0 ls2 ws1b\" style=\"z-index: 15;\">res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t to f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure hir<span class=\"_ _4\"></span>e paid, c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rac<span class=\"_ _7\"></span>t dur<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion a<span class=\"_ _4\"></span>nd nu<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r of mo<span class=\"_ _4\"></span>nths\u2019 i<span class=\"_ _4\"></span>nter<span class=\"_ _7\"></span>val b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>we<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>o cont<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s. T<span class=\"_ _4\"></span>he o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>at<span class=\"ws2\">-</span></div>\n<div class=\"t m2aa x1 hb y51 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">ing c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s are b<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d on i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>nal i<span class=\"_ _4\"></span>nfor<span class=\"_ _4\"></span>mat<span class=\"_ _4\"></span>ion a<span class=\"_ _4\"></span>nd a s<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>vit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>naly<span class=\"_ _4\"></span>sis is p<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>d on e<span class=\"_ _4\"></span>ach a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ump<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n. The</div>\n<div class=\"t m2ab x1 hb y52 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">dis<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow m<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>el us<span class=\"_ _4\"></span>ed by ma<span class=\"_ _4\"></span>nage<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t incl<span class=\"_ _4\"></span>ude<span class=\"_ _4\"></span>s es<span class=\"_ _4\"></span>tim<span class=\"_ _4\"></span>ated c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s for t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>maini<span class=\"_ _4\"></span>ng life<span class=\"_ _4\"></span>time of t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m3c x1 hb y53 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">wh<span class=\"_ _4\"></span>olly<span class=\"_ _4\"></span>-o<span class=\"_ _4\"></span>wn<span class=\"_ _4\"></span>ed \ufb02e<span class=\"_ _4\"></span>et. T<span class=\"_ _4\"></span>hre<span class=\"_ _4\"></span>e<span class=\"_ _4\"></span>-year c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow fo<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d by mana<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent b<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d up<span class=\"_ _4\"></span>on t<span class=\"_ _4\"></span>he pa<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t exp<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ien<span class=\"_ _4\"></span>ce</div>\n<div class=\"t m183 x1 hb y54 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">as we<span class=\"_ _4\"></span>ll as cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ent ma<span class=\"_ _4\"></span>rket e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ions r<span class=\"_ _4\"></span>ega<span class=\"_ _4\"></span>rdi<span class=\"_ _4\"></span>ng volu<span class=\"_ _4\"></span>mes a<span class=\"_ _4\"></span>nd f<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>ht ra<span class=\"_ _4\"></span>tes g<span class=\"_ _4\"></span>oing fo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>ard. Fre<span class=\"_ _4\"></span>ight r<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s as we<span class=\"_ _4\"></span>ll as</div>\n<div class=\"t m2ac x1 hb y73 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atin<span class=\"_ _4\"></span>g exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>ses s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>nt to thi<span class=\"_ _4\"></span>s thr<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>-yea<span class=\"_ _4\"></span>r per<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>d are ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to cha<span class=\"_ _4\"></span>nge i<span class=\"_ _4\"></span>n line w<span class=\"_ _4\"></span>ith e<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>ed in\ufb02<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n</div>\n<div class=\"t m2ad x1 hb y55 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">af<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>ard<span class=\"_ _4\"></span>s. Th<span class=\"_ _4\"></span>e dis<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nt r<span class=\"_ _4\"></span>ate us<span class=\"_ _4\"></span>ed is a w<span class=\"_ _4\"></span>eigh<span class=\"_ _4\"></span>ted aver<span class=\"_ _4\"></span>ag<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t of c<span class=\"_ _4\"></span>ap<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>al of 7.6%<span class=\"_ _4\"></span> for t<span class=\"_ _4\"></span>he Shi<span class=\"_ _4\"></span>ppi<span class=\"_ _4\"></span>ng LP<span class=\"_ _4\"></span>G seg<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt</div>\n<div class=\"t m8 x1 hb y56 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15; word-spacing: 3px;\">(2021<span class=\"_ _1\"></span>: 5.5%)<span class=\"_ _3\"></span>, 9.5%<span class=\"_ _7\"></span> fo<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e Ship<span class=\"_ _4\"></span>pin<span class=\"_ _4\"></span>g LNG s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>ment (<span class=\"_ _4\"></span>2021<span class=\"_ _1\"></span>: 6.0%) and 11.0%<span class=\"_ _7\"></span> fo<span class=\"_ _4\"></span>r the I<span class=\"_ _4\"></span>nfr<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>re se<span class=\"_ _4\"></span>gme<span class=\"_ _4\"></span>nt 9<span class=\"_ _1\"></span>.<span class=\"_ _4\"></span>2%).</div>\n<div class=\"t m267 x1 hb y57 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">In 2021<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he ear<span class=\"_ _4\"></span>ly ter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>nati<span class=\"_ _4\"></span>on of t<span class=\"_ _4\"></span>he cha<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r agre<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt of t<span class=\"_ _4\"></span>he FSRU S<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _4\"></span>8 tr<span class=\"_ _4\"></span>igg<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>d an im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt ch<span class=\"_ _4\"></span>arge o<span class=\"_ _4\"></span>f USD</div>\n<div class=\"t m1b9 x1 hb y58 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">1<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>.0 milli<span class=\"_ _4\"></span>on, whi<span class=\"_ _4\"></span>ch wa<span class=\"_ _4\"></span>s bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e les<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>st to s<span class=\"_ _4\"></span>ell at t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>ime. Sin<span class=\"_ _4\"></span>ce Mar<span class=\"_ _4\"></span>ch 20<span class=\"_ _4\"></span>22, the Ru<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ia<span class=\"_ _4\"></span>-U<span class=\"_ _4\"></span>kr<span class=\"_ _4\"></span>ain<span class=\"_ _4\"></span>e</div>\n<div class=\"t m2ae x1 hb y59 ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>\ufb02ic<span class=\"_ _4\"></span>t ha<span class=\"_ _4\"></span>s res<span class=\"_ _4\"></span>ulte<span class=\"_ _4\"></span>d in si<span class=\"_ _4\"></span>gni\ufb01<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>ntl<span class=\"_ _4\"></span>y high<span class=\"_ _4\"></span>er en<span class=\"_ _4\"></span>erg<span class=\"_ _4\"></span>y pr<span class=\"_ _4\"></span>ices a<span class=\"_ _4\"></span>nd hig<span class=\"_ _4\"></span>her d<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>and of L<span class=\"_ _4\"></span>NG uni<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s. A \ufb01ve<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>year c<span class=\"_ _4\"></span>har<span class=\"_ _7\"></span>ter ag<span class=\"_ _4\"></span>ree<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m20 x1 hb y5a ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t for t<span class=\"_ _4\"></span>he FSRU S<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _4\"></span>8 (th<span class=\"_ _4\"></span>ereaf<span class=\"_ _7\"></span>ter re<span class=\"_ _4\"></span>nam<span class=\"_ _4\"></span>ed to \u201cEEMSHAVEN LNG\u201d) was s<span class=\"_ _4\"></span>igne<span class=\"_ _4\"></span>d wi<span class=\"_ _4\"></span>th GA<span class=\"_ _4\"></span>SUNIE L<span class=\"_ _4\"></span>NG Ho<span class=\"_ _4\"></span>ldin<span class=\"_ _4\"></span>gs BV<span class=\"_ _1\"></span>,</div>\n<div class=\"t m2af x1 hb y5b ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">wit<span class=\"_ _4\"></span>h hir<span class=\"_ _4\"></span>e inco<span class=\"_ _4\"></span>me s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing as f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m mid<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>Aug<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>t 2022. C<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uen<span class=\"_ _4\"></span>tly<span class=\"_ _3\"></span>, and b<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>ed on t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue a<span class=\"_ _4\"></span>s dete<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>mine<span class=\"_ _4\"></span>d by</div>\n<div class=\"t m2b0 x1 hb y5c ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">t<span class=\"_ _4\"></span>wo in<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>nt br<span class=\"_ _4\"></span>oker<span class=\"_ _4\"></span>s of th<span class=\"_ _4\"></span>e EEMSHAVEN LNG, an im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>m<span class=\"_ _4\"></span>ent c<span class=\"_ _4\"></span>harg<span class=\"_ _4\"></span>e of USD 1<span class=\"_ _3\"></span>8.3 milli<span class=\"_ _4\"></span>on w<span class=\"_ _4\"></span>as rever<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ed as o<span class=\"_ _4\"></span>f</div>\n<div class=\"t m8 x1 hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Jun<span class=\"_ _4\"></span>e 30, 2022.</div>\n<div class=\"t m2b1 x1 hb y5e ff1 fs9 fc2 sc0 ls24 wsc\" style=\"z-index: 15;\">For ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>els u<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r join<span class=\"_ _4\"></span>t vent<span class=\"_ _4\"></span>ure ow<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>hip, impa<span class=\"_ _4\"></span>ir<span class=\"_ _4\"></span>ment t<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>gge<span class=\"_ _4\"></span>rs a<span class=\"_ _4\"></span>re eval<span class=\"_ _4\"></span>uate<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e sa<span class=\"_ _4\"></span>me way a<span class=\"_ _4\"></span>s for t<span class=\"_ _4\"></span>he wh<span class=\"_ _4\"></span>olly<span class=\"_ _4\"></span>-o<span class=\"_ _4\"></span>wne<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 x1 hb y5f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\ufb02ee<span class=\"_ _4\"></span>t. We refe<span class=\"_ _4\"></span>r to Note 1<span class=\"_ _3\"></span>7 Inves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>n equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s in th<span class=\"_ _4\"></span>is res<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 443px; height: 441px; width: 90%; z-index: 4;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 443px; height: 696px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 443px; height: 696px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 443px; height: 696px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div></div>\n<div></div>\n\n<div></div>\n<div class=\"t m0 xe h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 1<span class=\"_ _179\"></span>5 - OTHER P<span class=\"_ _3\"></span>ROP<span class=\"_ _3\"></span>ERT<span class=\"_ _7\"></span>Y<span class=\"_ _179\"></span>, PL<span class=\"_ _4\"></span>ANT AND EQUI<span class=\"_ _3\"></span>PM<span class=\"_ _3\"></span>ENT</div>\n<div class=\"t m8 xe hd y37b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 xe hd y37c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cost</div>\n<div class=\"t m8 x5c hd y37b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Land and</div>\n<div class=\"t m8 x5c hd y37c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">buildings</div>\n<div class=\"t m8 x5d hd y37b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Machinery and</div>\n<div class=\"t m8 x5e hd y37c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">equipment</div>\n<div class=\"t m8 x5f hd y37b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Furniture and</div>\n<div class=\"t m8 x5a hd y37c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">movables</div>\n<div class=\"t m8 x5b hd y37d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 xe hd y37e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2021<span class=\"_ _1a5\"> </span>4,314<span class=\"_ _126\"> </span>1,411<span class=\"_ _126\"> </span>4,319<span class=\"_ _14d\"> </span>10,044</div>\n<div class=\"t m8 xe hc y37f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1b hc y380 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Acquisitions<span class=\"_ _1a6\"> </span>0<span class=\"_ _1a\"> </span>43<span class=\"_ _18\"> </span>207<span class=\"_ _18\"> </span>250</div>\n<div class=\"t m8 x1b hc y381 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Disposals<span class=\"_ _1a0\"> </span>0<span class=\"_ _64\"> </span>-509<span class=\"_ _64\"> </span>-937<span class=\"_ _126\"> </span>-1,446</div>\n<div class=\"t m8 x1b hc y382 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _18e\"> </span>-332<span class=\"_ _1a\"> </span>14<span class=\"_ _64\"> </span>-125<span class=\"_ _1a7\"> </span>-443</div>\n<div class=\"t m8 xe hd y383 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2021<span class=\"_ _1a8\"> </span>3,981<span class=\"_ _119\"> </span>959<span class=\"_ _126\"> </span>3,464<span class=\"_ _1a9\"> </span>8,404</div>\n<div class=\"t m8 xe hd y384 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2022<span class=\"_ _1a5\"> </span>3,981<span class=\"_ _119\"> </span>959<span class=\"_ _126\"> </span>3,464<span class=\"_ _1a9\"> </span>8,404</div>\n<div class=\"t m8 xe hc y385 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1b hc y386 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Acquisitions<span class=\"_ _1aa\"> </span>49<span class=\"_ _18\"> </span>184<span class=\"_ _18\"> </span>321<span class=\"_ _18\"> </span>554</div>\n<div class=\"t m8 x1b hc y387 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Increase thr<span class=\"_ _3\"></span>ough business combinations<span class=\"_ _7d\"> </span>7,206<span class=\"_ _7a\"> </span>5,815<span class=\"_ _1a\"> </span>48<span class=\"_ _8a\"> </span>13,069</div>\n<div class=\"t m8 x1b hc y388 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Disposals<span class=\"_ _1a0\"> </span>0<span class=\"_ _1a\"> </span>12<span class=\"_ _1a7\"> </span>-369<span class=\"_ _64\"> </span>-357</div>\n<div class=\"t m8 x1b hc y389 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _18e\"> </span>-156<span class=\"_ _1a\"> </span>50<span class=\"_ _44\"> </span>-98<span class=\"_ _1a7\"> </span>-203</div>\n<div class=\"t m8 xe hd y38a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2022<span class=\"_ _a4\"> </span>11,081<span class=\"_ _1a9\"> </span>7,020<span class=\"_ _126\"> </span>3,366<span class=\"_ _14d\"> </span>21,467</div>\n\n<div class=\"t m8 xe hd y38b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations and impairment losses</div>\n<div class=\"t m8 xe hd y38c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2021<span class=\"_ _1a5\"> </span>3,576<span class=\"_ _126\"> </span>1,321<span class=\"_ _126\"> </span>3,466<span class=\"_ _126\"> </span>8,363</div>\n<div class=\"t m8 xe hc y38d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1b hc y38e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations<span class=\"_ _1ab\"> </span>32<span class=\"_ _1a\"> </span>68<span class=\"_ _18\"> </span>238<span class=\"_ _18\"> </span>338</div>\n<div class=\"t m8 x1b hc y38f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Disposals\u2005<span class=\"_ _143\"> </span>0<span class=\"_ _64\"> </span>-509<span class=\"_ _64\"> </span>-687<span class=\"_ _126\"> </span>-1,196</div>\n<div class=\"t m8 x1b hc y390 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _18e\"> </span>-277<span class=\"_ _1a\"> </span>12<span class=\"_ _1a7\"> </span>-109<span class=\"_ _64\"> </span>-375</div>\n<div class=\"t m8 xe hd y391 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2021<span class=\"_ _1a8\"> </span>3,331<span class=\"_ _119\"> </span>892<span class=\"_ _126\"> </span>2,908<span class=\"_ _1a9\"> </span>7,130</div>\n<div class=\"t m8 xe hd y392 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2022<span class=\"_ _1a5\"> </span>3,331<span class=\"_ _119\"> </span>892<span class=\"_ _126\"> </span>2,908<span class=\"_ _1a9\"> </span>7,130</div>\n<div class=\"t m8 xe hc y393 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1b hc y394 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations<span class=\"_ _1ab\"> </span>64<span class=\"_ _18\"> </span>170<span class=\"_ _18\"> </span>214<span class=\"_ _18\"> </span>448</div>\n<div class=\"t m8 x1b hc y395 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Disposals\u2005<span class=\"_ _143\"> </span>0<span class=\"_ _44\"> </span>-14<span class=\"_ _64\"> </span>-356<span class=\"_ _64\"> </span>-370</div>\n<div class=\"t m8 x1b hc y396 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _18e\"> </span>-194<span class=\"_ _44\"> </span>-20<span class=\"_ _44\"> </span>-84<span class=\"_ _1a7\"> </span>-298</div>\n<div class=\"t m8 xe hd y397 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2022<span class=\"_ _1a8\"> </span>3,202<span class=\"_ _126\"> </span>1,027<span class=\"_ _126\"> </span>2,681<span class=\"_ _126\"> </span>6,910</div>\n<div class=\"t m8 x60 hd y398 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2005</div>\n<div class=\"t m8 xe hd y399 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value</div>\n<div class=\"t m8 xe hd y39a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value as per December 31, 2021<span class=\"_ _1ac\"> </span>651<span class=\"_ _1ad\"> </span>67<span class=\"_ _119\"> </span>556<span class=\"_ _126\"> </span>1,274</div>\n<div class=\"t m8 xe hd y39b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value as per December 31, 2022<span class=\"_ _e\"> </span>7,879<span class=\"_ _126\"> </span>5,993<span class=\"_ _52\"> </span>684<span class=\"_ _1a2\"> </span>14,557</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 385px; height: 380px; width: 90%; z-index: 4;\"></div>\n\n<div class=\"t m2b2 xe hb y63 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e in net b<span class=\"_ _4\"></span>oo<span class=\"_ _4\"></span>k val<span class=\"_ _4\"></span>ue dur<span class=\"_ _4\"></span>in<span class=\"_ _4\"></span>g 2022 of USD 13<span class=\"_ _3\"></span>.3 milli<span class=\"_ _4\"></span>on mai<span class=\"_ _4\"></span>nly re<span class=\"_ _4\"></span>lates t<span class=\"_ _4\"></span>o the a<span class=\"_ _4\"></span>cqu<span class=\"_ _4\"></span>isit<span class=\"_ _4\"></span>ion o<span class=\"_ _4\"></span>f Bexco N<span class=\"_ _4\"></span>V as a</div>\n<div class=\"t m2b3 xe hb y64 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">100% s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>iar<span class=\"_ _4\"></span>y, i<span class=\"_ _3\"></span>.e. USD 7<span class=\"_ _2\"></span>.2 mil<span class=\"_ _4\"></span>lion la<span class=\"_ _4\"></span>nd an<span class=\"_ _4\"></span>d bui<span class=\"_ _4\"></span>ldin<span class=\"_ _4\"></span>gs an<span class=\"_ _4\"></span>d USD 5.8 milli<span class=\"_ _4\"></span>on ma<span class=\"_ _4\"></span>nuf<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing ma<span class=\"_ _4\"></span>chin<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>nd e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 xe hb y65 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t (see n<span class=\"_ _4\"></span>ote 5 Bu<span class=\"_ _4\"></span>sine<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s com<span class=\"_ _4\"></span>bina<span class=\"_ _4\"></span>tion<span class=\"_ _4\"></span>s and o<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r sha<span class=\"_ _4\"></span>re dea<span class=\"_ _4\"></span>ls for t<span class=\"_ _4\"></span>he d<span class=\"_ _4\"></span>eta<span class=\"_ _4\"></span>ils of t<span class=\"_ _4\"></span>he tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>sac<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n)<span class=\"_ _3\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 311px; height: 828px; width: 92%; z-index: 3;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 311px; height: 828px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 311px; height: 828px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x1 h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 1<span class=\"_ _179\"></span>6 - RIGHT<span class=\"_ _1\"></span> <span class=\"_ _1ae\"></span>-<span class=\"_ _4\"></span>OF- <span class=\"_ _1af\"></span>US<span class=\"_ _3\"></span>E ASSETS</div>\n<div class=\"t m2b4 x1 hb y7f ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p has in<span class=\"_ _4\"></span>itial<span class=\"_ _4\"></span>ly ap<span class=\"_ _4\"></span>plie<span class=\"_ _4\"></span>d IFRS 1<span class=\"_ _3\"></span>6 fro<span class=\"_ _4\"></span>m Jan<span class=\"_ _4\"></span>uar<span class=\"_ _4\"></span>y 1<span class=\"_ _3\"></span>, 201<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>. IFRS 1<span class=\"_ _1\"></span>6 i<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>odu<span class=\"_ _4\"></span>ce<span class=\"_ _4\"></span>d a sing<span class=\"_ _4\"></span>le, on-<span class=\"_ _4\"></span>b<span class=\"_ _4\"></span>alan<span class=\"_ _4\"></span>ce sh<span class=\"_ _4\"></span>eet ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nt<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m2b5 x1 hb y43 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">ing m<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>el for l<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>es. A<span class=\"_ _4\"></span>s a re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>t, th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p, as a les<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>e, has rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d ri<span class=\"_ _4\"></span>ght-<span class=\"_ _4\"></span>of-<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>ng it<span class=\"_ _4\"></span>s r<span class=\"_ _4\"></span>ight<span class=\"_ _4\"></span>s</div>\n<div class=\"t m2b6 x1 hb y80 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">to us<span class=\"_ _4\"></span>e the u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>erl<span class=\"_ _4\"></span>yin<span class=\"_ _4\"></span>g as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd lea<span class=\"_ _4\"></span>se lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>ies r<span class=\"_ _4\"></span>epr<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>ng it<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>bliga<span class=\"_ _4\"></span>tion t<span class=\"_ _4\"></span>o make lea<span class=\"_ _4\"></span>se pay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s (we ref<span class=\"_ _4\"></span>er to</div>\n<div class=\"t m8 x1 hb y81 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Note 28 Bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owi<span class=\"_ _4\"></span>ngs i<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t of ri<span class=\"_ _4\"></span>ght-<span class=\"_ _4\"></span>of-<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>e leas<span class=\"_ _4\"></span>e liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es).</div>\n\n<div></div>\n<div class=\"t m8 x1 hd y39c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x1 hd y39d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">COST</div>\n<div class=\"t m8 x61 hd y39e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Property<span class=\"_ _cb\"> </span>IT equipment<span class=\"_ _8e\"> </span>T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 x1 hd y39f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2021<span class=\"_ _1b0\"> </span>6,586<span class=\"_ _119\"> </span>625<span class=\"_ _126\"> </span>7,211</div>\n<div class=\"t m8 x1 hc y3a0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1f hc y3a1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Additions<span class=\"_ _35\"> </span>2,897<span class=\"_ _1a\"> </span>92<span class=\"_ _7a\"> </span>2,990</div>\n<div class=\"t m8 x1f hc y3a2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>erminations<span class=\"_ _1b1\"> </span>-2,085<span class=\"_ _1a7\"> </span>-267<span class=\"_ _126\"> </span>-2,352</div>\n<div class=\"t m8 x1f hc y3a3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _1b2\"> </span>-64<span class=\"_ _144\"> </span>-3<span class=\"_ _44\"> </span>-67</div>\n<div class=\"t m8 x1f hc y3a4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Contract re-measur<span class=\"_ _3\"></span>ement/contract modi\ufb01cation<span class=\"_ _ca\"> </span>1,340<span class=\"_ _27\"> </span>0<span class=\"_ _7a\"> </span>1,340</div>\n<div class=\"t m8 x1 hd y3a5 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2021<span class=\"_ _108\"> </span>8,675<span class=\"_ _119\"> </span>446<span class=\"_ _126\"> </span>9,121</div>\n<div class=\"t m8 x1 hd y3a6 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2022<span class=\"_ _1b0\"> </span>8,675<span class=\"_ _119\"> </span>446<span class=\"_ _126\"> </span>9,121</div>\n<div class=\"t m8 x1 hc y3a7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1f hc y3a8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Additions<span class=\"_ _1b3\"> </span>-25<span class=\"_ _18\"> </span>791<span class=\"_ _18\"> </span>766</div>\n<div class=\"t m8 x1f hc y3a9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Increase thr<span class=\"_ _3\"></span>ough business combinations<span class=\"_ _66\"> </span>5,609<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>5,609</div>\n<div class=\"t m8 x1f hc y3aa ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>erminations<span class=\"_ _1b4\"> </span>-241<span class=\"_ _44\"> </span>-71<span class=\"_ _1a7\"> </span>-312</div>\n<div class=\"t m8 x1f hc y3ab ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _21\"> </span>-178<span class=\"_ _44\"> </span>-15<span class=\"_ _1a7\"> </span>-194</div>\n<div class=\"t m8 x1f hc y3ac ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Contract re-measur<span class=\"_ _3\"></span>ement/contract modi\ufb01cation<span class=\"_ _1b5\"> </span>162<span class=\"_ _144\"> </span>-1<span class=\"_ _18\"> </span>161</div>\n<div class=\"t m8 x1 hd y3ad ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2022<span class=\"_ _f2\"> </span>14,002<span class=\"_ _126\"> </span>1,151<span class=\"_ _14d\"> </span>15,153</div>\n\n<div class=\"t m8 x1 hd y3ae ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">DEPRECIA<span class=\"_ _1\"></span>TIONS AND IMP<span class=\"_ _1\"></span>AIRMENT LOSSES</div>\n<div class=\"t m8 x1 hd y3af ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2021<span class=\"_ _1b0\"> </span>3,386<span class=\"_ _119\"> </span>364<span class=\"_ _126\"> </span>3,750</div>\n<div class=\"t m8 x1 hc y3b0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1f hc y3b1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations<span class=\"_ _90\"> </span>1,487<span class=\"_ _92\"> </span>181<span class=\"_ _7a\"> </span>1,668</div>\n<div class=\"t m8 x1f hc y3b2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>erminations<span class=\"_ _1b1\"> </span>-2,083<span class=\"_ _1a7\"> </span>-267<span class=\"_ _126\"> </span>-2,351</div>\n<div class=\"t m8 x1f hc y3b3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _b3\"> </span>59<span class=\"_ _144\"> </span>-5<span class=\"_ _1a\"> </span>54</div>\n<div class=\"t m8 x1 hd y3b4 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2021<span class=\"_ _108\"> </span>2,848<span class=\"_ _119\"> </span>273<span class=\"_ _126\"> </span>3,121</div>\n<div class=\"t m8 x1 hd y3b5 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2022<span class=\"_ _1b0\"> </span>2,848<span class=\"_ _119\"> </span>273<span class=\"_ _126\"> </span>3,121</div>\n<div class=\"t m8 x1 hc y3b6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1f hc y3b7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations<span class=\"_ _90\"> </span>1,294<span class=\"_ _92\"> </span>194<span class=\"_ _7a\"> </span>1,488</div>\n<div class=\"t m8 x1f hc y3b8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>erminations<span class=\"_ _1b4\"> </span>-241<span class=\"_ _44\"> </span>-71<span class=\"_ _1a7\"> </span>-312</div>\n<div class=\"t m8 x1f hc y3b9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _1b2\"> </span>-42<span class=\"_ _44\"> </span>-13<span class=\"_ _44\"> </span>-55</div>\n<div class=\"t m8 x1 hd y3ba ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2022<span class=\"_ _108\"> </span>3,859<span class=\"_ _119\"> </span>384<span class=\"_ _126\"> </span>4,242</div>\n<div class=\"t m8 x1 hd y3bb ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">NET BOOK V<span class=\"_ _1\"></span>ALUE</div>\n<div class=\"t m8 x1 hd y3bc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value as per December 31, 2021<span class=\"_ _be\"> </span>5,827<span class=\"_ _119\"> </span>173<span class=\"_ _1a9\"> </span>6,000</div>\n<div class=\"t m8 x1 hd y3bd ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value as per December 31, 2022<span class=\"_ _1f\"> </span>10,143<span class=\"_ _52\"> </span>767<span class=\"_ _1a2\"> </span>10,910</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 267px; height: 380px; width: 90%; z-index: 4;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 267px; height: 757px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m2a3 x1 hb y6a ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e in t<span class=\"_ _4\"></span>he net b<span class=\"_ _4\"></span>oo<span class=\"_ _4\"></span>k valu<span class=\"_ _4\"></span>e of th<span class=\"_ _4\"></span>e rig<span class=\"_ _4\"></span>ht-o<span class=\"_ _4\"></span>f-u<span class=\"_ _4\"></span>se a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s by USD 4.<span class=\"_ _3\"></span>9 millio<span class=\"_ _4\"></span>n in 2022 i<span class=\"_ _4\"></span>s pr<span class=\"_ _4\"></span>ima<span class=\"_ _4\"></span>ril<span class=\"_ _4\"></span>y a res<span class=\"_ _4\"></span>ult of t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m8 x1 hb y7b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bexc<span class=\"_ _4\"></span>o bus<span class=\"_ _4\"></span>ine<span class=\"_ _4\"></span>ss c<span class=\"_ _4\"></span>omb<span class=\"_ _4\"></span>inat<span class=\"_ _4\"></span>ion (s<span class=\"_ _4\"></span>ee als<span class=\"_ _4\"></span>o note 5<span class=\"_ _4\"></span>).</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 195px; height: 944px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 195px; height: 944px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 xe h11 y42 SecVUZO_23 fsb fc3 sc0 ls57 ws61\" style=\"z-index: 15;\">NOTE 17 \u2013 INVESTMENTS IN EQUITY ACCOUNTED INVESTEES</div>\n<div class=\"t m8 xe hb y7f SecVUZO_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">The change in investments in equity accounted investees can be detailed as follows:</div>\n<div class=\"t m8 xe hd y3be SecVUZO_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ SecVUZO_90\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hd y3bf SecVUZO_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1<span class=\"_ SecVUZO_87\"> </span>86,760<span class=\"_ _54\"> </span>64,324</div>\n<div class=\"t m8 xe hc y3c0 SecVUZO_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the period:</div>\n<div class=\"t m8 x1b hc y3c1 SecVUZO_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in profit/(loss)<span class=\"_ SecVUZO_88\"> </span>32,007<span class=\"_ _1a\"> </span>21,769</div>\n<div class=\"t m8 x1b hc y3c2 SecVUZO_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Decrease through business combinations and other share deals<span class=\"_ SecVUZO_84\"> </span>-11,552<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 x1b hc y3c3 SecVUZO_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Dividends<span class=\"_ _1b6\"> </span>-2,079<span class=\"_ _4c\"> </span>-379</div>\n<div class=\"t m8 x1b hc y3c4 SecVUZO_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Change in allocated negative net assets (1)<span class=\"_ _1b7\"> </span>0<span class=\"_ _25\"> </span>335</div>\n<div class=\"t m8 x1b hc y3c5 SecVUZO_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differences<span class=\"_ SecVUZO_89\"> </span>-305<span class=\"_ _4c\"> </span>-441</div>\n<div class=\"t m8 x1b hc y3c6 SecVUZO_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes in other comprehensive income equity accounted investees\ue61e<span class=\"_ SecVUZO_83\"> </span>2,249<span class=\"_ _15\"> </span>1,059</div>\n<div class=\"t m8 x1b hc y3c7 SecVUZO_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other<span class=\"_ _1b9\"> </span>2<span class=\"_ _1c\"> </span>93</div>\n<div class=\"t m8 xe hd y3c8 SecVUZO_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31<span class=\"_ SecVUZO_86\"> </span>107,082<span class=\"_ _54\"> </span>86,760</div>\n<div class=\"t m8 xe h14 y3c9 SecVUZO_25 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(1) <span class=\"_ SecVUZO_75\"> </span>The equity accounted investees for whom the share in the net assets is negative, are allocated to other components of the investor\u2019s interest in the equity</div>\n<div class=\"t m8 x3e h14 y3ca SecVUZO_25 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investee (i.e. primarily deducted from receivables) if such components exists. In case the negative net asset exceeds the investor\u2019s interest, a</div>\n<div class=\"t m8 x3e h14 y3cb SecVUZO_25 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">corresponding liability is recognized only to the extent that the Group has a legal or constructive obligation. In total, an amount of USD 2.0 million was netted</div>\n<div class=\"t m8 x3e h14 y3cc SecVUZO_25 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">in respect of negative net assets at year-end 2021.</div>\n<div class=\"t SecVUZO_35 xe hb y4c SecVUZO_22 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">The share in the profit of equity accounted investees increased from USD 21.8 million to USD 32.0 million primarily</div>\n<div class=\"t SecVUZO_45 xe hb y4d SecVUZO_22 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">due to the contribution of the SE<span class=\"_ SecVUZO_74\"></span>APEAK LPG joint ventures, that benefited from higher time charter rates, lower</div>\n<div class=\"t m8 xe hb y4e SecVUZO_22 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">operating expenses and higher other finance income.</div>\n<div class=\"t m143 xe hb y72 SecVUZO_22 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">During 2022, EXMAR acquired the remaining shares of Bexco NV and Solaia Shipping LLC of respectively 55.1% and</div>\n<div class=\"t m115 xe hb y4f SecVUZO_22 fs9 fc2 sc0 ls1c wsb\" style=\"word-spacing: 1px; z-index: 15;\">50.0% (see Note 5 Business combinations and other share deals for additional information). Consequently, these</div>\n<div class=\"t m2b8 xe hb y50 SecVUZO_22 fs9 fc2 sc0 ls16 wsb\" style=\"word-spacing: 1px; z-index: 15;\">entities are no longer equity accounted investees and are fully consolidated since the date of obtaining control.</div>\n<div class=\"t m2b9 xe hb y51 SecVUZO_22 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">The par<span class=\"_ SecVUZO_74\"></span>t of EXMAR in the results of 2022 until the date of control is still included in the profit and loss statement</div>\n<div class=\"t m8 xe hb y52 SecVUZO_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u201cShare of result in equit<span class=\"_ SecVUZO_74\"></span>y accounted investees (net of income tax)\u201d.</div>\n<div class=\"t m2e0 xe hb y53 SecVUZO_22 fs9 fc2 sc0 ls1a wsc\" style=\"word-spacing: 1px; z-index: 15;\">EXMAR has provided guarantees to financial institutions that granted credit facilities to her equity accounted inves-</div>\n<div class=\"t SecVUZO_44 xe hb y54 SecVUZO_22 fs9 fc2 sc0 ls16 wsb\" style=\"word-spacing: -0.5px; z-index: 15;\">tees. As of December 31, 2022 an amount of USD 541.6 million (2021: USD 473.8 million) was outstanding under</div>\n<div class=\"t m2bc xe hb y73 SecVUZO_22 fs9 fc2 sc0 ls1b wsd\" style=\"word-spacing: -1px; z-index: 15;\">such loan agreements, of which EXMAR has guaranteed USD 270.8 million (2021: USD 236.9 million). We refer in this</div>\n<div class=\"t m285 xe hb y55 SecVUZO_22 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">respect also to Note 32 Financial risks and financial instruments. EXMAR did not incur material contingent liabilities</div>\n<div class=\"t m2bd xe hb y56 SecVUZO_22 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">versus its equity accounted investees. No other commitments than the earlier mentioned guarantees are provided</div>\n<div class=\"t m8 xe hb y57 SecVUZO_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">by EXMAR to it<span class=\"_ SecVUZO_74\"></span>s equit<span class=\"_ SecVUZO_74\"></span>y accounted investees.</div>\n<div class=\"t m2be xe hb y58 SecVUZO_22 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Following regulator<span class=\"_ SecVUZO_74\"></span>y requirements or borrowing arrangements, our joint ventures or associates may be restric<span class=\"_ SecVUZO_74\"></span>ted</div>\n<div class=\"t m2bf xe hb y59 SecVUZO_22 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">to make cash distributions such as dividend payments or repayments of shareholder loans. Under the borrowing</div>\n<div class=\"t m258 xe hb y5a SecVUZO_22 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">arrangements our joint ventures or associates may only make a distribution if no event of default or no breach of</div>\n<div class=\"t m2c0 xe hb y5b SecVUZO_22 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">any covenant would result from such distribution. Under corporate law, dividend distributions are restric<span class=\"_ SecVUZO_74\"></span>ted if the</div>\n<div class=\"t m8 xe hb y5c SecVUZO_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">net assets would be less than the amount of paid up capital plus any reser<span class=\"_ SecVUZO_74\"></span>ves that cannot be distributed.</div>\n<div class=\"t SecVUZO_26 xe hb y5d SecVUZO_22 fs9 fc2 sc0 ls20 wsc\" style=\"z-index: 15;\">For the fleet under joint-venture ownership, impairment triggers are evaluated in the same way as for the wholly-owned</div>\n<div class=\"t SecVUZO_31 xe hb y5e SecVUZO_22 fs9 fc2 sc0 ls12 wsc\" style=\"word-spacing: -1px; z-index: 15;\">fleet. We refer to Note 14 Vessels and barges for more information in this respec<span class=\"_ SecVUZO_74\"></span>t. In 2022, EXMAR accounted for a</div>\n<div class=\"t m1c6 xe hb y5f SecVUZO_22 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">share in the profit of the equity accounted investees (USD 32.0 million), which is positively impac<span class=\"_ SecVUZO_74\"></span>ted by the reversal</div>\n<div class=\"t SecVUZO_33 xe hb y60 SecVUZO_22 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">of impairment charges on 3 vessels (representing USD 9.0 million for EXMAR\u2019s share in profit). During 2021, impair-</div>\n<div class=\"t SecVUZO_43 xe hb y75 SecVUZO_22 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">ment charges were reversed for three vessels sold and one vessel classified as held for sale at year-end (positive</div>\n<div class=\"t m8 xe hb y76 SecVUZO_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">impact of USD 3.2 million on EXMAR\u2019s share in profit).</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 393px; height: 746px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 393px; 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 class=\"t m0 x1 h11 y42 ff2 fsb fc3 sc0 ls40 ws44\" style=\"z-index: 15;\">NOTE 1<span class=\"_ _2\"></span>8 - FINANCIAL INFORMA<span class=\"_ _2\"></span>TION E<span class=\"_ _3\"></span>QUIT<span class=\"_ _4\"></span>Y A<span class=\"_ _3\"></span>C<span class=\"_ _3\"></span>COU<span class=\"_ _3\"></span>NTED</div>\n<div class=\"t m0 x1 h11 y3cd ff2 fsb fc3 sc0 ls58 ws62\" style=\"z-index: 15;\">INVESTEES</div>\n<div class=\"t m8 x1 hb y43 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R has no l<span class=\"_ _4\"></span>iabil<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s towa<span class=\"_ _4\"></span>rd<span class=\"_ _4\"></span>s it<span class=\"_ _4\"></span>s eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>ccou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d has t<span class=\"_ _4\"></span>he foll<span class=\"_ _4\"></span>owi<span class=\"_ _4\"></span>ng as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s:</div>\n<div class=\"t m8 x1 hd y302 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y303 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Investments in equity accounted investees:</div>\n<div class=\"t m8 x1f hc y304 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Joint ventures<span class=\"_ _181\"> </span>106,625<span class=\"_ _1a\"> </span>81,390</div>\n<div class=\"t m8 x1f hc y305 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Associates<span class=\"_ _1ba\"> </span>457<span class=\"_ _15\"> </span>5,370</div>\n<div class=\"t m8 x1 hc y306 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity accounted investees:</div>\n<div class=\"t m8 x1f hc y3ce ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Long-term<span class=\"_ _1bb\"> </span>0<span class=\"_ _1a\"> </span>24,760</div>\n<div class=\"t m8 x1f hc y3cf ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Short-term (or current portion of long-term)<span class=\"_ _14a\"> </span>7,000<span class=\"_ _1a\"> </span>15,407</div>\n<div class=\"t m8 x1 hc y3d0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other r<span class=\"_ _3\"></span>eceivables (see also Note 36 Related parties)</div>\n<div class=\"t m8 x1f hc y3d1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gross balance\u2005<span class=\"_ _1bc\"> </span>10,977<span class=\"_ _15\"> </span>6,373</div>\n<div class=\"t m8 x1f hc y3d2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairment<span class=\"_ _1bd\"> </span>-6,903<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 x1 hd y3d3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal<span class=\"_ _1be\"> </span>118,157<span class=\"_ _d\"> </span>133,300</div>\n<div class=\"t m8 x1 hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">It<span class=\"_ _4\"></span>s inves<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s at year-<span class=\"_ _4\"></span>end 20<span class=\"_ _4\"></span>22 c<span class=\"_ _4\"></span>an be d<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>aile<span class=\"_ _4\"></span>d as fol<span class=\"_ _4\"></span>lows:</div>\n<div class=\"t m8 x1 hd y3d4 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Joint ventures<span class=\"_ _10\"> </span>Segment<span class=\"_ _7a\"> </span>JV partner<span class=\"_ _1bf\"> </span>Description activities</div>\n<div class=\"t m8 x1 hc y3d5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Estrela Ltd<span class=\"_ _c4\"> </span>Infrastructure<span class=\"_ _89\"> </span>ASS<span class=\"_ _bf\"> </span>Owner of the accommodation barge NUNCE</div>\n<div class=\"t m8 x1 hc y3d6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Gas Shipping Ltd<span class=\"_ _1c0\"> </span>Shipping<span class=\"_ _1c1\"> </span>SEAPEAK<span class=\"_ _ab\"> </span>Previously owner of the midsize vessel TOURAINE</div>\n<div class=\"t m8 x1 hc y3d7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR LPG BV<span class=\"_ _54\"> </span>Shipping<span class=\"_ _1c1\"> </span>SEAPEAK<span class=\"_ _ab\"> </span>Holding company for EXMAR-Seapeak\u2005 activities</div>\n<div class=\"t m8 x1 hc y3d8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Shipping BV<span class=\"_ _195\"> </span>Shipping<span class=\"_ _1c1\"> </span>SEAPEAK</div>\n<div class=\"t m8 x4c hc y3d9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Owner of 18 midsize carriers, of which two carriers</div>\n<div class=\"t m8 x4c hc y3da ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">under \ufb01nance lease and one held for sale</div>\n<div class=\"t m8 x1 hc y3db ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Good Investment Ltd\u2005<span class=\"_ _137\"> </span>Shipping<span class=\"_ _1c1\"> </span>SEAPEAK<span class=\"_ _ab\"> </span>T<span class=\"_ _4\"></span>ime-charter agreement of the VLGC BW TOKYO</div>\n<div class=\"t m8 x1 hc y3dc ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Monteriggioni Inc<span class=\"_ _7a\"> </span>Shipping<span class=\"_ _1c1\"> </span>MOL</div>\n<div class=\"t m8 x4c hc y3dd ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Owner of the LNG carrier EXCEL which was sold</div>\n<div class=\"t m8 x4c hc y3de ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">during 2017 - dormant since</div>\n<div class=\"t m8 x1 hd y3df ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Associates<span class=\"_ _170\"> </span>Segment<span class=\"_ _7a\"> </span>Ownership%<span class=\"_ _137\"> </span>Description activities</div>\n<div class=\"t m8 x1 hc y3e0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Marpos NV</div>\n<div class=\"t m8 x62 hc y3e1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Supporting</div>\n<div class=\"t m8 x62 hc y3e2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">services</div>\n<div class=\"t m8 x63 hc y3e0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">45.00%<span class=\"_ _e4\"> </span>Provides waste solutions for maritime industry</div>\n<div class=\"t m8 x1 hc y3e3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Electra Offshor<span class=\"_ _3\"></span>e Ltd<span class=\"_ _5b\"> </span>Infrastructure<span class=\"_ _1c2\"> </span>40.00%<span class=\"_ _e4\"> </span>Owner of the accommodation barge W<span class=\"_ _1\"></span>ARIBOKO</div>\n<div class=\"t m8 x1 hc y3e4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exview Hong Kong Ltd<span class=\"_ _8c\"> </span>Infrastructure<span class=\"_ _1c2\"> </span>40.00%</div>\n<div class=\"t m8 x4c hc y3e5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bareboat owner of the accommodation bar<span class=\"_ _3\"></span>ge</div>\n<div class=\"t m8 x4c hc y3e6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">WARIBOKO</div>\n<div class=\"t m8 x1 hc y3e7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Springmarine Nigeria Ltd<span class=\"_ _1c3\"> </span>Infrastructure<span class=\"_ _89\"> </span>40.00%</div>\n<div class=\"t m8 x4c hc y3e8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Time-charter agreement for the accommodation</div>\n<div class=\"t m8 x4c hc y3e9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">barge W<span class=\"_ _3\"></span>ARIBOKO</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 506px; height: 633px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 506px; height: 633px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 506px; height: 633px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 506px; height: 633px; 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 m8 xe hd y42f Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ Seco7bq_90\"> </span>Joint ventures<span class=\"_ _1c4\"> </span>Associates</div>\n<div class=\"t m8 xe hd y430 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">JV partner</div>\n<div class=\"t m8 x65 h14 y431 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Seapeak<span class=\"_ _1c5\"> </span>MOL<span class=\"_ _1c5\"> </span>Seapeak<span class=\"_ _1c6\"> </span>ASS</div>\n<div class=\"t m8 x66 h14 y432 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Anglo-</div>\n<div class=\"t m8 x67 h14 y433 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"><br/></div>\n<div class=\"t m8 x68 h14 y434 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Eastern</div>\n<div class=\"t m8 xe hd y435 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Ownership percentage<span class=\"_ Seco7bq_74\"> </span>50%<span class=\"_ Seco7bq_52\"> </span>50%<span class=\"_ Seco7bq_52\"> </span>50%<span class=\"_ Seco7bq_52\"> </span>50%<span class=\"_ Seco7bq_52\"> </span>50%<span class=\"_ Seco7bq_61\"> </span>45%<span class=\"_ Seco7bq_52\"> </span>45%<span class=\"_ Seco7bq_52\"> </span>40%</div>\n<div class=\"t m8 xe hd y436 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Entity</div>\n<div class=\"t m8 Seco7bq_185 h14 y437 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Total</div>\n<div class=\"t m8 x65 h14 y438 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Seapeak</div>\n<div class=\"t m8 Seco7bq_187 h14 y437 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Monte-</div>\n<div class=\"t m8 Seco7bq_187 h14 y439 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">riggioni</div>\n<div class=\"t m8 x69 h14 y43a Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Solaia</div>\n<div class=\"t m8 x6a h14 y437 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"><br/></div>\n<div class=\"t m8 x6b h14 y439 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Shipping</div>\n<div class=\"t m8 x6c h14 y43b Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Estrela Ltd<span class=\"_ _1ca\"> </span>AEX<span class=\"_ Seco7bq_62\"> </span>BEXCO<span class=\"_ _1ca\"> </span>Marpos</div>\n<div class=\"t m8 x6d h14 y43c Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Total</div>\n<div class=\"t m8 x6e h14 y43b Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Wariboko</div>\n<div class=\"t m8 x6f h14 y43d Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">companies</div>\n<div class=\"t m8 Seco7bq_199 hd y43e Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">TOTAL</div>\n<div class=\"t m8 xe hc Seco7bq_155 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non current assets<span class=\"_ _1cc\"> </span>613,933<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_44\"> </span>11,410<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_59\"> </span>404<span class=\"_ _1c5\"> </span>2,675<span class=\"_ _1ce\" style=\"margin-left: 14px;\"> </span>628,422</div>\n<div class=\"t m8 xe hc Seco7bq_154 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current assets<span class=\"_ Seco7bq_87\"> </span>48,672<span class=\"_ _1c5\"> </span>4,725<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1c5\"> </span>4,962<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ _1c5\"> </span>1,207<span class=\"_ Seco7bq_44\"> </span>14,852<span class=\"_ Seco7bq_47\"> </span>74,418</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_153 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which cash and cash</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_151 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">equivalents</div>\n<div class=\"t m8 Seco7bq_185 hc Seco7bq_152 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">37,665<span class=\"_ _1c5\"> </span>4,725<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1c5\"> </span>4,932<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_59\"> </span>657<span class=\"_ Seco7bq_65\"> </span>57<span class=\"_ Seco7bq_51\"> </span>48,036</div>\n<div class=\"t m8 xe hc Seco7bq_150 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non current liabilities<span class=\"_ Seco7bq_78\"> </span>355,773<span class=\"_ _1c5\"> </span>4,693<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1c5\"> </span>8,445<span class=\"_ _1ce\" style=\"margin-left: 15px;\"> </span>368,911</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_149 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which bank borrowings<span class=\"_ _1d0\"> </span>340,515<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1ca\"> </span>340,515</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_148 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which finance leases<span class=\"_ Seco7bq_69\"> </span>2,958<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_58\"> </span>2,958</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_147 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which other borrowings<span class=\"_ Seco7bq_72\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1c5\"> </span>2,225<span class=\"_ Seco7bq_58\"> </span>2,225</div>\n<div class=\"t m8 xe hc Seco7bq_146 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current liabilities<span class=\"_ _1d3\"> </span>161,607<span class=\"_ Seco7bq_65\"> </span>56<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_59\"> </span>609<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_59\"> </span>595<span class=\"_ Seco7bq_44\"> </span>28,794<span class=\"_ _1ce\" style=\"margin-left: 13px;\"> </span>191,661</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_145 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which bank borrowings<span class=\"_ Seco7bq_53\"> </span>4,033<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_58\"> </span>4,033</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_144 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which finance leases<span class=\"_ Seco7bq_56\"> </span>103,249<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1ca\"> </span>103,249</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_143 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which other borrowings<span class=\"_ Seco7bq_72\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_44\"> </span>14,190<span class=\"_ Seco7bq_51\"> </span>14,190</div>\n<div class=\"t m8 Seco7bq_186 hc Seco7bq_142 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ _1d4\"> </span>0</div>\n<div class=\"t m8 xe hc Seco7bq_141 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Revenue<span class=\"_ Seco7bq_89\"> </span>172,129<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_44\"> </span>10,220<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_51\"> </span>17,471<span class=\"_ _1c5\"> </span>2,254<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1ce\" style=\"margin-left: 13px;\"> </span>202,074</div>\n<div class=\"t m8 xe hc Seco7bq_140 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciation and amortization<span class=\"_ Seco7bq_44\"> </span>52,754<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1c5\"> </span>2,941<span class=\"_ _1c5\"> </span>1,751<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_68\"> </span>661<span class=\"_ Seco7bq_65\"> </span>71<span class=\"_ _1c5\"> </span>1,933<span class=\"_ Seco7bq_47\" style=\"margin-left: 13px;\"> </span>60,111</div>\n<div class=\"t m8 xe hc Seco7bq_139 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairment (reversal)<span class=\"_ Seco7bq_80\"> </span>-7,950<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_39\"> </span>-10,000<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_73\"> </span>17<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_59\"> </span>482<span class=\"_ Seco7bq_44\" style=\"margin-left: 13px;\"> </span>-17,451</div>\n<div class=\"t m8 xe hc Seco7bq_138 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income<span class=\"_ _1d6\"> </span>1,034<span class=\"_ Seco7bq_65\"> </span>34<span class=\"_ Seco7bq_65\"> </span>19<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_54\" style=\"margin-left: 9px;\"> </span>1,087</div>\n<div class=\"t m8 xe hc Seco7bq_137 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expense<span class=\"_ _1d8\"> </span>22,515<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_59\"> </span>581<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_68\"> </span>100<span class=\"_ Seco7bq_71\"> </span>7<span class=\"_ _1c5\"> </span>1,198<span class=\"_ Seco7bq_47\" style=\"margin-left: 13px;\"> </span>24,401</div>\n<div class=\"t m8 xe hc Seco7bq_136 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Income tax expense<span class=\"_ Seco7bq_84\"> </span>12<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>2<span class=\"_ Seco7bq_59\"> </span>145<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_65\"> </span>159</div>\n<div class=\"t m8 xe hd Seco7bq_135 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Profit or (loss) from</div>\n<div class=\"t m8 xe hd Seco7bq_133 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">continuing operations</div>\n<div class=\"t m8 Seco7bq_184 hd Seco7bq_134 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">62,978<span class=\"_ Seco7bq_66\"> </span>-4<span class=\"_ Seco7bq_43\"> </span>-1,126<span class=\"_ _1ca\"> </span>1,626<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ Seco7bq_65\"> </span>187<span class=\"_ Seco7bq_56\"> </span>413<span class=\"_ Seco7bq_43\"> </span>-9,853<span class=\"_ Seco7bq_47\"> </span>54,221</div>\n<div class=\"t m8 xe hc Seco7bq_132 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other comprehensive income<span class=\"_ Seco7bq_53\"> </span>4,498<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_85\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_54\"> </span>4,498</div>\n<div class=\"t m8 xe hd Seco7bq_131 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Total comprehensive income<span class=\"_ Seco7bq_42\"> </span>67,476<span class=\"_ Seco7bq_66\"> </span>-4<span class=\"_ Seco7bq_43\"> </span>-1,126<span class=\"_ _1ca\"> </span>1,626<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ Seco7bq_65\"> </span>187<span class=\"_ Seco7bq_56\"> </span>413<span class=\"_ Seco7bq_43\"> </span>-9,853<span class=\"_ Seco7bq_47\"> </span>58,719</div>\n<div class=\"t m8 Seco7bq_198 hc Seco7bq_130 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0</div>\n<div class=\"t m8 xe hd Seco7bq_129 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net assets (100%)<span class=\"_ Seco7bq_79\"> </span>197,525<span class=\"_ Seco7bq_60\"> </span>-24<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ Seco7bq_38\"> </span>15,763<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ Seco7bq_76\"> </span>0<span class=\"_ _1ca\"> </span>1,016<span class=\"_ Seco7bq_37\"> </span>-13,492<span class=\"_ _1ce\"> </span>200,788</div>\n<div class=\"t m8 xe hc Seco7bq_128 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR share in net assets<span class=\"_ Seco7bq_64\"> </span>98,763<span class=\"_ Seco7bq_61\"> </span>-12<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1c5\"> </span>7,882<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_59\"> </span>457<span class=\"_ Seco7bq_45\"> </span>-5,397<span class=\"_ _1ce\" style=\"margin-left: 13px;\"> </span>101,692</div>\n<div class=\"t m8 xe hd Seco7bq_127 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in net assets of equity</div>\n<div class=\"t m8 xe hd Seco7bq_126 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees on</div>\n<div class=\"t m8 xe hd Seco7bq_125 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">January 1, 2022</div>\n<div class=\"t m8 Seco7bq_184 hd Seco7bq_126 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">65,025<span class=\"_ Seco7bq_60\"> </span>-10<span class=\"_ Seco7bq_45\"> </span>7,736<span class=\"_ _1ca\"> </span>8,650<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ Seco7bq_54\"> </span>4,930<span class=\"_ Seco7bq_57\"> </span>439<span class=\"_ Seco7bq_43\"> </span>-1,961<span class=\"_ Seco7bq_47\"> </span>84,809</div>\n<div class=\"t m8 xe hc Seco7bq_124 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in total comprehensive</div>\n<div class=\"t m8 xe hc Seco7bq_122 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">income</div>\n<div class=\"t m8 Seco7bq_185 hc Seco7bq_123 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">33,738<span class=\"_ Seco7bq_67\"> </span>-2<span class=\"_ Seco7bq_55\"> </span>-563<span class=\"_ Seco7bq_59\"> </span>813<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_73\"> </span>84<span class=\"_ Seco7bq_59\"> </span>186<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_47\"> </span>34,256</div>\n<div class=\"t m8 xe hc Seco7bq_121 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Decrease through business</div>\n<div class=\"t m8 xe hc Seco7bq_119 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">combinations\ue61e</div>\n<div class=\"t m8 Seco7bq_186 hc Seco7bq_120 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_45\"> </span>-7,173<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_54\"> </span>-4,379<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_44\" style=\"margin-left: 13px;\"> </span>-11,552</div>\n<div class=\"t m8 xe hc Seco7bq_118 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Dividends<span class=\"_ Seco7bq_92\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_45\"> </span>-1,581<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_63\"> </span>-337<span class=\"_ Seco7bq_55\"> </span>-161<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_49\" style=\"margin-left: 5px;\"> </span>-2,079</div>\n<div class=\"t m8 xe hc Seco7bq_117 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Foreign currency translation</div>\n<div class=\"t m8 xe hc Seco7bq_115 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">differences</div>\n<div class=\"t m8 Seco7bq_186 hc Seco7bq_116 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_63\"> </span>-298<span class=\"_ Seco7bq_67\"> </span>-7<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_61\"> </span>-305</div>\n<div class=\"t m8 xe hc Seco7bq_114 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other<span class=\"_ Seco7bq_93\"> </span>0<span class=\"_ Seco7bq_71\"> </span>4<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_88\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_76\"> </span>4</div>\n<div class=\"t m8 xe hd Seco7bq_113 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in net assets of equity</div>\n<div class=\"t m8 xe hd Seco7bq_112 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees on</div>\n<div class=\"t m8 xe hd Seco7bq_111 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2022</div>\n<div class=\"t m8 Seco7bq_184 hd Seco7bq_112 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">98,763<span class=\"_ Seco7bq_66\"> </span>-8<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ _1ca\"> </span>7,882<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ Seco7bq_76\"> </span>0<span class=\"_ Seco7bq_57\"> </span>457<span class=\"_ Seco7bq_42\"> </span>-1,961<span class=\"_ _1ce\"> </span>105,133</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_110 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Netting negative equity</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_108 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">and impairment</div>\n<div class=\"t m8 Seco7bq_186 hc Seco7bq_109 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_75\"> </span>0-<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1c5\"> </span>1,961<span class=\"_ Seco7bq_54\" style=\"margin-left: 13px;\"> </span>1,961</div>\n<div class=\"t m8 xe hd Seco7bq_107 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in net assets of equity</div>\n<div class=\"t m8 xe hd Seco7bq_106 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees on</div>\n<div class=\"t m8 xe hd Seco7bq_104 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2022, after</div>\n<div class=\"t m8 xe hd Seco7bq_103 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">netting negative equity</div>\n<div class=\"t m8 Seco7bq_184 hd Seco7bq_105 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">98,751<span class=\"_ Seco7bq_66\"> </span>-8<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ _1ca\"> </span>7,882<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ Seco7bq_76\"> </span>0<span class=\"_ Seco7bq_57\"> </span>457<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ _1ce\"> </span>107,082</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 238px; height: 912px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 238px; height: 912px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 238px; height: 912px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 238px; height: 912px; 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 m8 x75 hd y42f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Joint ventures<span class=\"_ _1c4\"> </span>Associates</div>\n<div class=\"t m8 x1 hd y430 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15; margin: 0 0 22px 0;\">(In thousands of USD)</div>\n<div class=\"t m8 x1 hd y430 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">JV partner</div>\n<div class=\"t m8 x76 h14 y431 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Seapeak<span class=\"_ _1e3\"> </span>MOL<span class=\"_ _1da\"> </span>Seapeak<span class=\"_ _a1\"> </span>ASS</div>\n<div class=\"t m8 x77 h14 y432 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Anglo-</div>\n<div class=\"t m8 x46 h14 y433 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 x26 h14 y434 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Eastern</div>\n<div class=\"t m8 x1 hd y435 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Ownership percentage<span class=\"_ _1e4\"> </span>50%<span class=\"_ _1c7\"> </span>50%<span class=\"_ _1c8\"> </span>50%<span class=\"_ _1c7\"> </span>50%<span class=\"_ _1c8\"> </span>50%<span class=\"_ _a1\"> </span>45%<span class=\"_ _1c8\"> </span>45%<span class=\"_ _1c7\"> </span>40%</div>\n<div class=\"t m8 x1 hd y436 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Entity</div>\n<div class=\"t m8 x78 h14 y437 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>otal</div>\n<div class=\"t m8 x76 h14 y438 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Seapeak</div>\n<div class=\"t m8 x79 h14 y437 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Monte-</div>\n<div class=\"t m8 x7a h14 y439 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">riggioni</div>\n<div class=\"t m8 x7b h14 y43a ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Solaia</div>\n<div class=\"t m8 x7c h14 y437 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 x6a h14 y439 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Shipping</div>\n<div class=\"t m8 x7d h14 y43b ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Estrela Ltd<span class=\"_ _107\"> </span>AEX<span class=\"_ _1e5\"> </span>BEXCO<span class=\"_ _1ca\"> </span>Marpos</div>\n<div class=\"t m8 x7e h14 y43c ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>otal</div>\n<div class=\"t m8 x4f h14 y43b ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Wariboko</div>\n<div class=\"t m8 x2a h14 y43d ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">companies</div>\n<div class=\"t m8 xa hd y43e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">TOT<span class=\"_ _1\"></span>AL</div>\n<div class=\"t m8 x1 hc y43f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non current assets<span class=\"_ _1cc\"> </span>621,033<span class=\"_ _1d1\"> </span>0<span class=\"_ _1c0\"> </span>30,127<span class=\"_ _1c0\"> </span>13,161<span class=\"_ _1d1\"> </span>0<span class=\"_ _1d2\"> </span>6,664<span class=\"_ _107\"> </span>355<span class=\"_ _1c5\"> </span>7,630<span class=\"_ _1ce\"> </span><span class=\"ff2\">678,970</span></div>\n<div class=\"t m8 x1 hc y440 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current assets<span class=\"_ _1a4\"> </span>86,195<span class=\"_ _1c5\"> </span>4,693<span class=\"_ _1c5\"> </span>4,475<span class=\"_ _1c5\"> </span>5,659<span class=\"_ _eb\"> </span>0<span class=\"_ _1c7\"> </span>18,958<span class=\"_ _1c5\"> </span>1,297<span class=\"_ _1c5\"> </span>7,507<span class=\"_ _1ce\"> </span><span class=\"ff2\">128,784</span></div>\n<div class=\"t m8 x1f hc y441 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which cash and cash</div>\n<div class=\"t m8 x1f hc y442 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">equivalents</div>\n<div class=\"t m8 x7f hc y443 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">54,474<span class=\"_ _1c5\"> </span>4,693<span class=\"_ _1c5\"> </span>4,263<span class=\"_ _1c5\"> </span>5,626<span class=\"_ _1d1\"> </span>0<span class=\"_ _ac\"> </span>228<span class=\"_ _1cd\"> </span>942<span class=\"_ _107\"> </span>218<span class=\"_ _1c7\"> </span>70,444</div>\n<div class=\"t m8 x1 hc y444 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non current liabilities<span class=\"_ _8e\"> </span>507,258<span class=\"_ _1c5\"> </span>4,693<span class=\"_ _1c5\"> </span>7,500<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d2\"> </span>3,478<span class=\"_ _eb\"> </span>0<span class=\"_ _1c5\"> </span>1,015<span class=\"_ _1ce\"> </span><span class=\"ff2\">523,944</span></div>\n<div class=\"t m8 x1f hc y445 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which bank borrowings<span class=\"_ _1d0\"> </span>253,137<span class=\"_ _1d1\"> </span>0<span class=\"_ _1c5\"> </span>7,500<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d2\"> </span>3,063<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _1ca\"> </span>263,700</div>\n<div class=\"t m8 x1f hc y446 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which \ufb01nance leases<span class=\"_ _13e\"> </span>174,734<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1cf\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _1ca\"> </span>174,734</div>\n<div class=\"t m8 x1f hc y447 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which other borrowings<span class=\"_ _1c3\"> </span>49,531<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1cf\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1c7\"> </span>49,531</div>\n<div class=\"t m8 x1 hc y448 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current liabilities<span class=\"_ _10b\"> </span>99,777<span class=\"_ _e5\"> </span>20<span class=\"_ _1e6\"> </span>11,630<span class=\"_ _1c5\"> </span>1,520<span class=\"_ _1d1\"> </span>0<span class=\"_ _1c7\"> </span>11,167<span class=\"_ _1cd\"> </span>676<span class=\"_ _1c0\"> </span>21,057<span class=\"_ _1ce\"> </span><span class=\"ff2\">145,847</span></div>\n<div class=\"t m8 x1f hc y449 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which bank borrowings<span class=\"_ _ff\"> </span>26,233<span class=\"_ _1d1\"> </span>0<span class=\"_ _1c0\"> </span>10,000<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _8b\"> </span>894<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1c7\"> </span>37,127</div>\n<div class=\"t m8 x1f hc y44a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which \ufb01nance leases<span class=\"_ _1e7\"> </span>32,071<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _126\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1c7\"> </span>32,071</div>\n<div class=\"t m8 x1f hc y44b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which other borrowings<span class=\"_ _1c3\"> </span>15,000<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1cf\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1c5\"> </span>9,848<span class=\"_ _1c7\"> </span>24,848</div>\n<div class=\"t m8 x3 hc y44c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ _1d4\"> </span>0</div>\n<div class=\"t m8 x1 hc y44d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Revenue<span class=\"_ _81\"> </span>173,777<span class=\"_ _eb\"> </span>0<span class=\"_ _1e6\"> </span>21,687<span class=\"_ _1c0\"> </span>10,401<span class=\"_ _1d1\"> </span>0<span class=\"_ _1c7\"> </span>48,424<span class=\"_ _1c5\"> </span>2,128<span class=\"_ _1c5\"> </span>5,075<span class=\"_ _1ce\"> </span><span class=\"ff2\">261,492</span></div>\n<div class=\"t m8 x1 hc y44e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciation and amortization<span class=\"_ _1e6\"> </span>56,144<span class=\"_ _eb\"> </span>0<span class=\"_ _1c5\"> </span>3,705<span class=\"_ _1c5\"> </span>1,750<span class=\"_ _eb\"> </span>0<span class=\"_ _8b\"> </span>889<span class=\"_ _a8\"> </span>72<span class=\"_ _1c5\"> </span>2,293<span class=\"_ _1d5\"> </span><span class=\"ff2\">64,853</span></div>\n<div class=\"t m8 x1 hc y44f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairment (reversal)<span class=\"_ _44\"> </span>-6,400<span class=\"_ _1d1\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _db\"> </span>-72<span class=\"_ _eb\"> </span>0<span class=\"_ _1c5\"> </span>1,925<span class=\"_ _1de\"> </span><span class=\"ff2\">-4,547</span></div>\n<div class=\"t m8 x1 hc y450 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income<span class=\"_ _b\"> </span>439<span class=\"_ _eb\"> </span>0<span class=\"_ _8b\"> </span>-7<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1cf\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _a8\"> </span><span class=\"ff2\">432</span></div>\n<div class=\"t m8 x1 hc y451 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expense<span class=\"_ _1d8\"> </span>21,263<span class=\"_ _1d1\"> </span>0<span class=\"_ _1c5\"> </span>1,204<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _8b\"> </span>155<span class=\"_ _a8\"> </span>10<span class=\"_ _1c5\"> </span>1,177<span class=\"_ _1d5\"> </span><span class=\"ff2\">23,809</span></div>\n<div class=\"t m8 x1 hc y452 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Income tax expense<span class=\"_ _1e8\"> </span>115<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _ac\"> </span>547<span class=\"_ _1cd\"> </span>112<span class=\"_ _eb\"> </span>0<span class=\"_ _a8\"> </span><span class=\"ff2\">774</span></div>\n<div class=\"t m8 x1 hd y453 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Pro\ufb01t or (loss) fr<span class=\"_ _3\"></span>om</div>\n<div class=\"t m8 x1 hd y454 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">continuing operations</div>\n<div class=\"t m8 x80 hd y455 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">34,434<span class=\"_ _1da\"> </span>-1,247<span class=\"_ _18c\"> </span>11,460<span class=\"_ _1ca\"> </span>1,708<span class=\"_ _1e1\"> </span>182<span class=\"_ _1d7\"> </span>2,233<span class=\"_ _13e\"> </span>307<span class=\"_ _1d9\"> </span>-6,603<span class=\"_ _ff\"> </span>42,474</div>\n<div class=\"t m8 x1 hc y456 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other comprehensive income<span class=\"_ _87\"> </span>1,521<span class=\"_ _eb\"> </span>0<span class=\"_ _1cd\"> </span>596<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1cf\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d7\"> </span><span class=\"ff2\">2,117</span></div>\n<div class=\"t m8 x1 hd y457 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal comprehensive income<span class=\"_ _1da\"> </span>35,955<span class=\"_ _1da\"> </span>-1,247<span class=\"_ _cb\"> </span>12,056<span class=\"_ _1ca\"> </span>1,708<span class=\"_ _1e1\"> </span>182<span class=\"_ _1d7\"> </span>2,233<span class=\"_ _1e1\"> </span>307<span class=\"_ _1da\"> </span>-6,603<span class=\"_ _1d5\"> </span>44,591</div>\n<div class=\"t m8 x81 hc y458 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0</div>\n<div class=\"t m8 x1 hd y459 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net assets (100%)<span class=\"_ _9b\"> </span>130,049<span class=\"_ _107\"> </span>-20<span class=\"_ _18c\"> </span>15,472<span class=\"_ _18c\"> </span>17,300<span class=\"_ _195\"> </span>0<span class=\"_ _1d5\"> </span>10,977<span class=\"_ _1e1\"> </span>976<span class=\"_ _1da\"> </span>-5,920<span class=\"_ _1ce\"> </span>168,834</div>\n<div class=\"t m8 x1 hc y45a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR share in net assets<span class=\"_ _a8\"> </span>65,025<span class=\"_ _a1\"> </span>-10<span class=\"_ _1c5\"> </span>7,736<span class=\"_ _1c5\"> </span>8,650<span class=\"_ _1d1\"> </span>0<span class=\"_ _1d2\"> </span>4,930<span class=\"_ _107\"> </span>439<span class=\"_ _1e0\"> </span>-2,368<span class=\"_ _1d5\"> </span><span class=\"ff2\">84,401</span></div>\n<div class=\"t m8 x1 hd y45b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in net assets of equity</div>\n<div class=\"t m8 x1 hd y45c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees on</div>\n<div class=\"t m8 x1 hd y45d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">January 1, 2021</div>\n<div class=\"t m8 x80 hd y45c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">47,086<span class=\"_ _1e1\"> </span>614<span class=\"_ _1ca\"> </span>1,708<span class=\"_ _1e0\"> </span>7,796<span class=\"_ _1c8\"> </span>-224<span class=\"_ _1d7\"> </span>4,605<span class=\"_ _13e\"> </span>444<span class=\"_ _1e1\"> </span>680<span class=\"_ _1d5\"> </span>62,709</div>\n<div class=\"t m8 x1 hc y45e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in total compr<span class=\"_ _3\"></span>ehensive</div>\n<div class=\"t m8 x1 hc y45f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">income</div>\n<div class=\"t m8 x76 hc y460 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">17,978<span class=\"_ _1d7\"> </span>-624<span class=\"_ _1c5\"> </span>6,028<span class=\"_ _107\"> </span>854<span class=\"_ _a8\"> </span>91<span class=\"_ _1d2\"> </span>1,003<span class=\"_ _107\"> </span>138<span class=\"_ _1e0\"> </span>-2,641<span class=\"_ _1d5\"> </span><span class=\"ff2\">22,827</span></div>\n<div class=\"t m8 x1 hc y461 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Dividends<span class=\"_ _10d\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _89\"> </span>-277<span class=\"_ _1d7\"> </span>-103<span class=\"_ _eb\"> </span>0<span class=\"_ _a1\"> </span><span class=\"ff2\">-379</span></div>\n<div class=\"t m8 x1 hc y462 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Foreign curr<span class=\"_ _3\"></span>ency translation</div>\n<div class=\"t m8 x1 hc y463 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">differ<span class=\"_ _3\"></span>ences</div>\n<div class=\"t m8 x3 hc y464 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _89\"> </span>-401<span class=\"_ _a1\"> </span>-40<span class=\"_ _eb\"> </span>0<span class=\"_ _a1\"> </span><span class=\"ff2\">-441</span></div>\n<div class=\"t m8 x1 hc y465 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other<span class=\"_ _1e9\"> </span>-39<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1cd\"> </span>133<span class=\"_ _126\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _9d\"> </span><span class=\"ff2\">94</span></div>\n<div class=\"t m8 x1 hd y466 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in net assets of equity</div>\n<div class=\"t m8 x1 hd y467 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees on</div>\n<div class=\"t m8 x1 hd y468 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2021</div>\n<div class=\"t m8 x80 hd y467 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">65,024<span class=\"_ _f9\"> </span>-10<span class=\"_ _1ca\"> </span>7,736<span class=\"_ _1e0\"> </span>8,650<span class=\"_ _1d1\"> </span>0<span class=\"_ _fe\"> </span>4,930<span class=\"_ _1e1\"> </span>439<span class=\"_ _1d9\"> </span>-1,961<span class=\"_ _ff\"> </span>84,809</div>\n<div class=\"t m8 x1f hc y469 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Netting negative equity<span class=\"_ _8e\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1cf\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1c5\"> </span>1,961<span class=\"_ _1d7\"> </span><span class=\"ff2\">1,961</span></div>\n<div class=\"t m8 x1 hd y46a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in net assets of equity</div>\n<div class=\"t m8 x1 hd y46b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees on</div>\n<div class=\"t m8 x1 hd y46c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2021, after</div>\n<div class=\"t m8 x1 hd y46d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">netting negative equity</div>\n<div class=\"t m8 x80 hd y46e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">65,014<span class=\"_ _f9\"> </span>-10<span class=\"_ _1ca\"> </span>7,736<span class=\"_ _1e0\"> </span>8,650<span class=\"_ _1d1\"> </span>0<span class=\"_ _fe\"> </span>4,930<span class=\"_ _1e1\"> </span>439<span class=\"_ _1d1\"> </span>0<span class=\"_ _ff\"> </span>86,760</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 168px; height: 982px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 168px; height: 982px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 168px; height: 982px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 168px; height: 982px; 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 xe h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 1<span class=\"_ _179\"></span>9 - BORRO<span class=\"_ _3\"></span>WINGS T<span class=\"_ _1\"></span>O EQUIT<span class=\"_ _4\"></span>Y A<span class=\"_ _3\"></span>C<span class=\"_ _3\"></span>C<span class=\"_ _3\"></span>OUNTED INVESTEES</div>\n<div class=\"t m8 xe hd y46f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _1ea\"> </span>Shipping<span class=\"_ _1cd\"> </span>Infrastructure</div>\n<div class=\"t m8 x82 hd y470 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Supporting</div>\n<div class=\"t m8 x83 hd y471 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">services</div>\n<div class=\"t m8 x5b hd y46f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 xe hd y472 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As per January 1, 2021<span class=\"_ _10d\"> </span>42,259<span class=\"_ _1eb\"> </span>7,876<span class=\"_ _bf\"> </span>152<span class=\"_ _54\"> </span>50,287</div>\n<div class=\"t m8 x1b hc y473 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">New loans and borrowings<span class=\"_ _a4\"> </span>0<span class=\"_ _25\"> </span>590<span class=\"_ _20\"> </span>0<span class=\"_ _59\"> </span><span class=\"ff2\">590</span></div>\n<div class=\"t m8 x1b hc y474 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Repayments<span class=\"_ _ad\"> </span>-10,000<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _52\"> </span><span class=\"ff2\">-10,000</span></div>\n<div class=\"t m8 x1b hc y475 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Write-of<span class=\"_ _3\"></span>f<span class=\"_ _108\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _4c\"> </span>-376<span class=\"_ _5d\"> </span><span class=\"ff2\">-376</span></div>\n<div class=\"t m8 x1b hc y476 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Change in allocated negative net</div>\n<div class=\"t m8 x1b hc y477 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">assets (1)</div>\n<div class=\"t m8 x84 hc y478 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ _4c\"> </span>-559<span class=\"_ _25\"> </span>224<span class=\"_ _5d\"> </span><span class=\"ff2\">-335</span></div>\n<div class=\"t m8 xe hd y479 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As per December 31, 2021<span class=\"_ _ce\"> </span>32,260<span class=\"_ _46\"> </span>7,907<span class=\"_ _1ec\"> </span>0<span class=\"_ _54\"> </span>40,167</div>\n<div class=\"t m8 x1b hc y47a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">More than 1 year<span class=\"_ _1ed\"> </span>24,760<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _54\"> </span><span class=\"ff2\">24,760</span></div>\n<div class=\"t m8 x1b hc y47b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Less than 1 year<span class=\"_ _e3\"> </span>7,500<span class=\"_ _27\"> </span>7,907<span class=\"_ _20\"> </span>0<span class=\"_ _54\"> </span><span class=\"ff2\">15,407</span></div>\n<div class=\"t m8 xe hd y47c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As per January 1, 2022<span class=\"_ _10d\"> </span>32,260<span class=\"_ _1eb\"> </span>7,907<span class=\"_ _1ec\"> </span>0<span class=\"_ _54\"> </span>40,167</div>\n<div class=\"t m8 x1b hc y47d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">New loans and borrowings<span class=\"_ _1ee\"> </span>20,000<span class=\"_ _1a\"> </span>21,085<span class=\"_ _20\"> </span>0<span class=\"_ _54\"> </span><span class=\"ff2\">41,085</span></div>\n<div class=\"t m8 x1b hc y47e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Elimination after share deal (2)<span class=\"_ _1ef\"> </span>0<span class=\"_ _44\"> </span>-20,195<span class=\"_ _20\"> </span>0<span class=\"_ _52\"> </span><span class=\"ff2\">-20,195</span></div>\n<div class=\"t m8 x1b hc y47f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Accrued interest<span class=\"_ _196\"> </span>0<span class=\"_ _27\"> </span>2,491<span class=\"_ _20\"> </span>0<span class=\"_ _144\"> </span><span class=\"ff2\">2,491</span></div>\n<div class=\"t m8 x1b hc y480 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Repayments<span class=\"_ _ad\"> </span>-52,260<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _52\"> </span><span class=\"ff2\">-52,260</span></div>\n<div class=\"t m8 x1b hc y481 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairment<span class=\"_ _9f\"> </span>0<span class=\"_ _46\"> </span>-4,288<span class=\"_ _20\"> </span>0<span class=\"_ _10\"> </span><span class=\"ff2\">-4,288</span></div>\n<div class=\"t m8 x1b hc y482 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Change in allocated negative net</div>\n<div class=\"t m8 x1b hc y483 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">assets (1)</div>\n<div class=\"t m8 x84 hc y484 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _1ec\"> </span><span class=\"ff2\">0</span></div>\n<div class=\"t m8 xe hd y485 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As per December 31, 2022<span class=\"_ _1f0\"> </span>0<span class=\"_ _46\"> </span>7,000<span class=\"_ _1ec\"> </span>0<span class=\"_ _46\"> </span>7,000</div>\n<div class=\"t m8 x1b hc y486 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">More than 1 year<span class=\"_ _be\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _1ec\"> </span><span class=\"ff2\">0</span></div>\n<div class=\"t m8 x1b hc y487 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Less than 1 year<span class=\"_ _16b\"> </span>0<span class=\"_ _27\"> </span>7,000<span class=\"_ _20\"> </span>0<span class=\"_ _46\"> </span><span class=\"ff2\">7,000</span></div>\n<div class=\"t m8 xe h14 y488 ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(1) <span class=\"_ _c7\"> </span>The equity accounted investees for whom the share in the net assets is negative, are allocated to other components of the investor\u2019<span class=\"_ _2\"></span>s interest in the equity</div>\n<div class=\"t m8 x3e h14 y489 ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investee (i.e. primarily deducted from receivables) if such components exists. In case the negative net asset exceeds the investor\u2019<span class=\"_ _2\"></span>s interest, a</div>\n<div class=\"t m8 x3e h14 y48a ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">corresponding liability is recognized only to the extent that the Gr<span class=\"_ _3\"></span>oup has a legal or constructive obligation. In total, an amount of USD 2.0 million was netted</div>\n<div class=\"t m8 x3e h14 y48b ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">in respect of negative net assets at year<span class=\"_ _1\"></span>-end 2021.</div>\n<div class=\"t m8 xe h14 y48c ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(2) <span class=\"_ _c7\"> </span>During 2022, EXMAR granted a new loan to Solaia Shipping LLC, which at that time was still an equity accounted investee. Upon obtaining 100% of the shares</div>\n<div class=\"t m8 x3e h14 y48d ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">and control of this entity (see Note 5 Other share deals), this intra gr<span class=\"_ _3\"></span>oup loan is eliminated.</div>\n<div class=\"t m194 xe hb y9e ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">The activities and assets of certain of our equity accounted investees are \ufb01nanced through shareholder borrowings<span class=\"_ _4\"></span> </div>\n<div class=\"t m2c6 xe hb y9f ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">made by the Company to the respective equity accounted investees. Such long term borrowings granted are in</div>\n<div class=\"t m137 xe hb yc5 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">substance part of the net investment in an associate or joint venture and any expected credit losses are accounted</div>\n<div class=\"t m8 xe hb ya0 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">for before allocating negative net assets. Dur<span class=\"_ _4\"></span>in<span class=\"_ _4\"></span>g 2022, E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R rec<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>ed an i<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t char<span class=\"_ _4\"></span>ge of USD 4.<span class=\"_ _4\"></span>3 millio<span class=\"_ _4\"></span>n</div>\n<div class=\"t m2c7 xe hb ya1 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">(2021<span class=\"_ _1\"></span>: non<span class=\"_ _4\"></span>e) and di<span class=\"_ _4\"></span>d not allo<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ate any ne<span class=\"_ _4\"></span>gati<span class=\"_ _4\"></span>ve net a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s, wh<span class=\"_ _4\"></span>ile in 2021 USD 0.6 mill<span class=\"_ _4\"></span>ion w<span class=\"_ _4\"></span>as de<span class=\"_ _4\"></span>duc<span class=\"_ _7\"></span>ted f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>he b<span class=\"_ _4\"></span>or<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb ya2 ff1 fs9 fc2 sc0 ls2 ws3a\" style=\"z-index: 15;\">row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s given t<span class=\"_ _4\"></span>o eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s. T<span class=\"_ _4\"></span>he bal<span class=\"_ _4\"></span>ance<span class=\"_ _4\"></span>s me<span class=\"_ _4\"></span>ntio<span class=\"_ _4\"></span>ned b<span class=\"_ _4\"></span>elo<span class=\"_ _4\"></span>w rep<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ent t<span class=\"_ _4\"></span>he o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>ng bal<span class=\"_ _4\"></span>ance<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb y48e ff1 fs9 fc2 sc0 ls13 wsc\" style=\"z-index: 15;\">including net<span class=\"_ _4\"></span>ting of negative net asset<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m0 xe h6 y48f ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMAR LP<span class=\"_ _4\"></span>G (Shipp<span class=\"_ _4\"></span>ing s<span class=\"_ _4\"></span>egm<span class=\"_ _4\"></span>ent) USD 0 m<span class=\"_ _4\"></span>illi<span class=\"_ _4\"></span>on (202<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>: USD 3<span class=\"_ _3\"></span>2.3 mi<span class=\"_ _4\"></span>llio<span class=\"_ _4\"></span>n)</div>\n<div class=\"t m2c8 xe hb ya7 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Bot<span class=\"_ _4\"></span>h sha<span class=\"_ _4\"></span>reh<span class=\"_ _4\"></span>old<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s have gr<span class=\"_ _4\"></span>ant<span class=\"_ _4\"></span>ed s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>hol<span class=\"_ _4\"></span>der l<span class=\"_ _4\"></span>oan<span class=\"_ _4\"></span>s to E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R LPG i<span class=\"_ _4\"></span>n 201<span class=\"_ _1\"></span>3. Full re<span class=\"_ _4\"></span>paym<span class=\"_ _4\"></span>ent o<span class=\"_ _4\"></span>cc<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>red i<span class=\"_ _4\"></span>n 2022. Th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb yc6 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ap<span class=\"_ _4\"></span>plic<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate o<span class=\"_ _4\"></span>n the<span class=\"_ _4\"></span>se l<span class=\"_ _4\"></span>oans a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d to thr<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>mont<span class=\"_ _4\"></span>h LIB<span class=\"_ _4\"></span>OR plu<span class=\"_ _4\"></span>s 0.5%.</div>\n<div class=\"t m0 xe h6 y490 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Ele<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ra O<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fs<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>re Ltd (Inf<span class=\"_ _4\"></span>ras<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ruc<span class=\"_ _7\"></span>tur<span class=\"_ _4\"></span>e seg<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt) USD 7<span class=\"_ _2\"></span>.0 milli<span class=\"_ _4\"></span>on (202<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>: USD 7<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>9 mi<span class=\"_ _4\"></span>llio<span class=\"_ _4\"></span>n)</div>\n<div class=\"t m2c9 xe hb yab ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R Net<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>lan<span class=\"_ _4\"></span>ds BV ha<span class=\"_ _4\"></span>s gr<span class=\"_ _4\"></span>ante<span class=\"_ _4\"></span>d a loa<span class=\"_ _4\"></span>n to Elec<span class=\"_ _7\"></span>tr<span class=\"_ _4\"></span>a O<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>sho<span class=\"_ _4\"></span>re Ltd i<span class=\"_ _4\"></span>n 201<span class=\"_ _1\"></span>6. Th<span class=\"_ _4\"></span>e loa<span class=\"_ _4\"></span>n is rep<span class=\"_ _4\"></span>aid b<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d on av<span class=\"_ _4\"></span>ailab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y</div>\n<div class=\"t m2ca xe hb yac ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">of c<span class=\"_ _4\"></span>ash a<span class=\"_ _4\"></span>nd ac<span class=\"_ _4\"></span>cum<span class=\"_ _4\"></span>ulate<span class=\"_ _4\"></span>s inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t. T<span class=\"_ _4\"></span>he int<span class=\"_ _4\"></span>eres<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate a<span class=\"_ _4\"></span>ppli<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>ble o<span class=\"_ _4\"></span>n the l<span class=\"_ _4\"></span>oan i<span class=\"_ _4\"></span>s a \ufb01xed p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>cent<span class=\"_ _4\"></span>ag<span class=\"_ _4\"></span>e of 1<span class=\"_ _1\"></span>2.0%<span class=\"_ _4\"></span>. Dur<span class=\"_ _4\"></span>in<span class=\"_ _4\"></span>g</div>\n<div class=\"t m2cb xe hb yad ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">2022, th<span class=\"_ _4\"></span>e acc<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s were a<span class=\"_ _4\"></span>dd<span class=\"_ _4\"></span>ed to t<span class=\"_ _4\"></span>he ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>ng loa<span class=\"_ _4\"></span>n bala<span class=\"_ _4\"></span>nce a<span class=\"_ _4\"></span>nd col<span class=\"_ _4\"></span>lec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y w<span class=\"_ _4\"></span>as re<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>ses<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ed. T<span class=\"_ _4\"></span>he</div>\n<div class=\"t m8 xe hb yc8 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">bala<span class=\"_ _4\"></span>nce h<span class=\"_ _4\"></span>as be<span class=\"_ _4\"></span>en re<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>ced to i<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s ex<span class=\"_ _4\"></span>pec<span class=\"_ _7\"></span>ted r<span class=\"_ _4\"></span>ecove<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ble a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt, wh<span class=\"_ _4\"></span>ich is t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue of t<span class=\"_ _4\"></span>he pl<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ge on t<span class=\"_ _4\"></span>he u<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r<span class=\"ws2\">-</span></div>\n<div class=\"t m8 xe hb yae ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">lyi<span class=\"_ _4\"></span>ng as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t. We als<span class=\"_ _4\"></span>o refe<span class=\"_ _4\"></span>r to Note 32 Fi<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cial r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks an<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>ncial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 278px; height: 861px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 278px; height: 861px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 278px; height: 861px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 278px; height: 861px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x1 h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 2<span class=\"_ _1\"></span>0 - T<span class=\"_ _1\"></span>A<span class=\"_ _4\"></span>X ASSETS AND LIABILITIES</div>\n<div class=\"t m0 x1 h6 y1ba ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Current tax asset<span class=\"_ _4\"></span>s and li<span class=\"_ _3\"></span>abilities</div>\n<div class=\"t m8 x1 hd y491 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x85 hd y492 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31</div>\n<div class=\"t m8 x1d hd y493 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y494 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current tax assets<span class=\"_ _1f1\"> </span>1,185<span class=\"_ _15\"> </span>1,003</div>\n<div class=\"t m8 x1 hc y495 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current tax liabilities<span class=\"_ _181\"> </span>2,873<span class=\"_ _15\"> </span>1,309</div>\n\n<div class=\"t m0 x1 h6 y496 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Deferred tax assets and liabilities</div>\n<div class=\"t m8 x86 hd y497 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2022<span class=\"_ _1f2\"> </span>December 31, 2021</div>\n<div class=\"t m8 x1 hd y498 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _1e9\"> </span>Assets<span class=\"_ _b0\"> </span>Liabilities<span class=\"_ _1ad\"> </span>Assets<span class=\"_ _b0\"> </span>Liabilities</div>\n<div class=\"t m8 x1 hc y499 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other tangible assets<span class=\"_ _1f3\"> </span>0<span class=\"_ _15\"> </span>2,618<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 x1 hc y49a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Provisions<span class=\"_ _38\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _1c\"> </span>84</div>\n<div class=\"t m8 x1 hc y49b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Employee bene\ufb01ts<span class=\"_ _be\"> </span>566<span class=\"_ _20\"> </span>0<span class=\"_ _25\"> </span>704<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 x1 hc y49c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Financial instruments<span class=\"_ _be\"> </span>0<span class=\"_ _25\"> </span>143<span class=\"_ _20\"> </span>0<span class=\"_ _25\"> </span>230</div>\n<div class=\"t m8 x1 hc y49d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>ax losses<span class=\"_ _cc\"> </span>1,071<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 x1 hc y49e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other<span class=\"_ _1f4\"> </span>0<span class=\"_ _25\"> </span>221<span class=\"_ _20\"> </span>0<span class=\"_ _1c\"> </span>65</div>\n<div class=\"t m8 x1 hd y49f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Deferred tax assets / liabilities\u2005<span class=\"_ _104\"> </span>1,637<span class=\"_ _1eb\"> </span>2,982<span class=\"_ _bf\"> </span>704<span class=\"_ _59\"> </span>379</div>\n<div class=\"t m8 x1 hc y4a0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Set off of tax assets/ liabilities<span class=\"_ _1f5\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _4c\"> </span>-379<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 x1 hc y4a1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>ax assets not recognised<span class=\"_ _1f0\"> </span>-566<span class=\"_ _20\"> </span>0<span class=\"_ _4c\"> </span>-325<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 x1 hd y4a2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Deferred tax assets and liabilities</div>\n<div class=\"t m8 x1 hd y4a3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">recognized</div>\n<div class=\"t m8 x84 hd y4a4 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">1,071<span class=\"_ _46\"> </span>2,982<span class=\"_ _1ec\"> </span>0<span class=\"_ _1ec\"> </span>0</div>\n<div class=\"t m8 x1 hc y4a5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Deductible temporary differ<span class=\"_ _3\"></span>ences<span class=\"_ _7d\"> </span>566<span class=\"_ _105\"> </span>325</div>\n<div class=\"t m8 x1 hc y4a6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unused tax losses and investment tax</div>\n<div class=\"t m8 x1 hc y4a7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">credits</div>\n<div class=\"t m8 xf hc y4a8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">62,596<span class=\"_ _9e\"> </span>65,069</div>\n<div class=\"t m8 x1 hd y4a9 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Deferred tax assets/ liabilities not</div>\n<div class=\"t m8 x1 hd y4aa ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">recognised</div>\n<div class=\"t m8 x87 hd y4ab ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">63,162<span class=\"_ _1ec\"> </span>0<span class=\"_ _54\"> </span>65,394<span class=\"_ _1ec\"> </span>0</div>\n<div class=\"t m2cc x1 hb yc5 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">The r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>tion o<span class=\"_ _4\"></span>f defe<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>axe<span class=\"_ _4\"></span>d inc<span class=\"_ _4\"></span>rea<span class=\"_ _4\"></span>sed i<span class=\"_ _4\"></span>n 2022 a<span class=\"_ _4\"></span>s a res<span class=\"_ _4\"></span>ult of t<span class=\"_ _4\"></span>he fa<span class=\"_ _4\"></span>ir val<span class=\"_ _4\"></span>ue adj<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>cord<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n relat<span class=\"_ _4\"></span>ion t<span class=\"_ _4\"></span>o</div>\n<div class=\"t m8 x1 hb ya0 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e 1<span class=\"_ _3\"></span>0<span class=\"_ _4\"></span>0% ac<span class=\"_ _4\"></span>quis<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>on of B<span class=\"_ _4\"></span>exco NV (s<span class=\"_ _4\"></span>ee No<span class=\"_ _4\"></span>te 5 Bus<span class=\"_ _4\"></span>ine<span class=\"_ _4\"></span>ss c<span class=\"_ _4\"></span>omb<span class=\"_ _4\"></span>inat<span class=\"_ _4\"></span>ions).</div>\n<div class=\"t m149 x1 hb ya1 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Ou<span class=\"_ _4\"></span>r equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s have lim<span class=\"_ _4\"></span>ited t<span class=\"_ _4\"></span>emp<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fere<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>s. D<span class=\"_ _4\"></span>efer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d ta<span class=\"_ _4\"></span>x as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s on t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x los<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s at ou<span class=\"_ _4\"></span>r joint</div>\n<div class=\"t m295 x1 hb ya2 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">vent<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>s and e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s am<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed to US<span class=\"_ _4\"></span>D 0.<span class=\"_ _1\"></span>9 milli<span class=\"_ _4\"></span>on en<span class=\"_ _4\"></span>d 2022 (2<span class=\"_ _4\"></span>021<span class=\"_ _1\"></span>: USD 0.7 million) fo<span class=\"_ _4\"></span>r the<span class=\"_ _4\"></span>ir</div>\n<div class=\"t m8 x1 hb ya3 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">sha<span class=\"_ _4\"></span>re, but have n<span class=\"_ _4\"></span>ot be<span class=\"_ _4\"></span>en re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d. A<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s have not b<span class=\"_ _4\"></span>een i<span class=\"_ _4\"></span>ncl<span class=\"_ _4\"></span>ude<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he ab<span class=\"_ _4\"></span>ove over<span class=\"_ _7\"></span>view.</div>\n<div class=\"t m2cd x1 hb ya4 ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span>x as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e not re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>f it is not p<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>bab<span class=\"_ _4\"></span>le th<span class=\"_ _4\"></span>at fu<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>re ta<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e pro\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s will b<span class=\"_ _4\"></span>e availa<span class=\"_ _4\"></span>ble a<span class=\"_ _4\"></span>gain<span class=\"_ _4\"></span>st w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m2ce x1 hb ya5 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">gro<span class=\"_ _4\"></span>up c<span class=\"_ _4\"></span>an u<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>he be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s the<span class=\"_ _4\"></span>ref<span class=\"_ _4\"></span>rom o<span class=\"_ _4\"></span>r be<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>use t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>xab<span class=\"_ _4\"></span>le pr<span class=\"_ _4\"></span>o\ufb01t<span class=\"_ _4\"></span>s c<span class=\"_ _4\"></span>ann<span class=\"_ _4\"></span>ot be m<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d on a re<span class=\"_ _4\"></span>liab<span class=\"_ _4\"></span>le ba<span class=\"_ _4\"></span>sis.</div>\n<div class=\"t m8 x1 hb ya6 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e major<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y o<span class=\"_ _4\"></span>f the t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x los<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x cre<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>s d<span class=\"_ _4\"></span>o not ex<span class=\"_ _4\"></span>pir<span class=\"_ _4\"></span>e in ti<span class=\"_ _4\"></span>me.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 443px; height: 523px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 443px; height: 696px; width: 94%; z-index: 2;\"><br/></div>\n\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div></div>\n\n<div class=\"t m0 x1 h11 y63 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 2<span class=\"_ _1\"></span>1 - ASSETS HELD FO<span class=\"_ _3\"></span>R SAL<span class=\"_ _3\"></span>E</div>\n<div class=\"t m8 x1 hd y4ac ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x52 hd y4ad ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Assets held</div>\n<div class=\"t m8 x88 hd y4ae ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">for sale</div>\n<div class=\"t m8 x1 hd y4af ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2021<span class=\"_ _1f6\"> </span>10,000</div>\n<div class=\"t m8 x1 hc y4b0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1f hc y4b1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairment reversal<span class=\"_ _1f7\"> </span>2,500</div>\n<div class=\"t m8 x1 hd y4b2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2021<span class=\"_ _1f8\"> </span>12,500</div>\n<div class=\"t m8 x1 hd y4b3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2022<span class=\"_ _1f6\"> </span>12,500</div>\n<div class=\"t m8 x1 hc y4b4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1f hc y4b5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Disposals<span class=\"_ _1f9\"> </span>-12,500</div>\n<div class=\"t m8 x1 hd y4b6 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2022<span class=\"_ _4b\"> </span>0</div>\n<div class=\"t m8 x1 hb y71 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">End Ma<span class=\"_ _4\"></span>rch 2<span class=\"_ _4\"></span>022, E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R sol<span class=\"_ _4\"></span>d it<span class=\"_ _4\"></span>s air<span class=\"_ _4\"></span>cr<span class=\"_ _4\"></span>af<span class=\"_ _4\"></span>t, w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h was c<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed as h<span class=\"_ _4\"></span>eld f<span class=\"_ _4\"></span>or sa<span class=\"_ _4\"></span>le.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 80px; height: 284px; width: 88%; z-index: 5;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 80px; height: 284px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 80px; height: 284px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 80px; height: 284px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 80px; height: 1059px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 xe h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 2<span class=\"_ _1\"></span>2 - OTHER INVESTMENTS</div>\n<div class=\"t m8 xe hd y2f7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y2f8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unquoted shares\u2005<span class=\"_ _1fa\"> </span>795<span class=\"_ _25\"> </span>911</div>\n<div class=\"t m8 xe hc y2f9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Quoted shares<span class=\"_ _1fb\"> </span>1,054<span class=\"_ _25\"> </span>938</div>\n<div class=\"t m8 xe hd y2fa ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity securities - FVTPL<span class=\"_ _1fc\"> </span>1,849<span class=\"_ _46\"> </span>1,849</div>\n<div class=\"t m8 xe hb y85 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e unq<span class=\"_ _4\"></span>uote<span class=\"_ _4\"></span>d sha<span class=\"_ _4\"></span>res i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de 1<span class=\"_ _1\"></span>49 s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s of Sib<span class=\"_ _4\"></span>elco, ac<span class=\"_ _4\"></span>quir<span class=\"_ _4\"></span>ed du<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ng 201<span class=\"_ _1\"></span>4.</div>\n<div class=\"t m8 xe hb yb7 ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e quote<span class=\"_ _4\"></span>d s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s incl<span class=\"_ _4\"></span>ude 1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>6,<span class=\"_ _4\"></span>338 s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es of Fro<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>a Ene<span class=\"_ _4\"></span>rgy C<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n quot<span class=\"_ _4\"></span>ed at C<span class=\"_ _4\"></span>AD 12<span class=\"_ _3\"></span>.27 on D<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>,</div>\n<div class=\"t m8 xe hb y4b7 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022 (<span class=\"_ _4\"></span>Dec<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2021<span class=\"_ _1\"></span>: CA<span class=\"_ _4\"></span>D 10.24)<span class=\"_ _1\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 938px; height: 201px; width: 94%; z-index: 2;\"><br/></div>\n\n\n<div class=\"t m0 xe h11 y8b ff2 fsb fc3 sc0 ls56 ws5e\" style=\"z-index: 15;\">NOTE 2<span class=\"_ _1\"></span>3 -<span class=\"_ _4\"></span> INVENTORIES</div>\n<div class=\"t m8 xe hb y4b ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s a res<span class=\"_ _4\"></span>ult of t<span class=\"_ _4\"></span>he ac<span class=\"_ _4\"></span>quis<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>on of B<span class=\"_ _4\"></span>exco NV<span class=\"_ _1\"></span>, a ma<span class=\"_ _4\"></span>nuf<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>r of pr<span class=\"_ _4\"></span>ecis<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>gine<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>d sy<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>heti<span class=\"_ _4\"></span>c moo<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ng, towi<span class=\"_ _4\"></span>ng an<span class=\"_ _4\"></span>d</div>\n<div class=\"t m245 xe hb y4c ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">lif<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing r<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>es for o<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>sho<span class=\"_ _4\"></span>re, mar<span class=\"_ _4\"></span>ine an<span class=\"_ _4\"></span>d ind<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ial a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>lic<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns in 2<span class=\"_ _4\"></span>022 (se<span class=\"_ _4\"></span>e Note 5 B<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>mbi<span class=\"_ _4\"></span>nati<span class=\"_ _4\"></span>ons a<span class=\"_ _4\"></span>nd ot<span class=\"_ _4\"></span>her</div>\n<div class=\"t m8 xe hb y4d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">sha<span class=\"_ _4\"></span>re de<span class=\"_ _4\"></span>als), the Gr<span class=\"_ _4\"></span>oup h<span class=\"_ _4\"></span>old<span class=\"_ _4\"></span>s invent<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>ies, w<span class=\"_ _4\"></span>hich c<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>n be de<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>iled a<span class=\"_ _4\"></span>s follo<span class=\"_ _4\"></span>ws:</div>\n<div class=\"t m8 xe hd y4b8 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y4b9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Raw materials and supplies<span class=\"_ _33\"> </span>3,346<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hc y4ba ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Work in pr<span class=\"_ _3\"></span>ogress<span class=\"_ _1fd\"> </span>3,699<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hc y4bb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Goods purchased for r<span class=\"_ _3\"></span>esale<span class=\"_ _1fe\"> </span>139<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hc y4bc ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Advance payments<span class=\"_ _180\"> </span>561<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hc y4bd ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Finished goods<span class=\"_ _a2\"> </span>1,472<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hd y4be ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Inventories<span class=\"_ _169\"> </span>9,217<span class=\"_ _1ec\"> </span>0</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 625px; height: 234px; width: 94%; z-index: 2;\"><br/></div>\n\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 xe h11 y5b ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 2<span class=\"_ _1\"></span>4 - TR<span class=\"_ _4\"></span>ADE AND OTHER RE<span class=\"_ _1\"></span>CEIV<span class=\"_ _1\"></span>ABLES</div>\n\n<div class=\"t m8 xe hd y4bf ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y4c0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade r<span class=\"_ _3\"></span>eceivables (including contract assets)<span class=\"_ _1ff\"> </span>47,087<span class=\"_ _1a\"> </span>46,826</div>\n<div class=\"t m8 xe hc y4c1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash guarantees<span class=\"_ _1b\"> </span>175<span class=\"_ _25\"> </span>199</div>\n<div class=\"t m8 xe hc y4c2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other receivables<span class=\"_ _200\"> </span>14,539<span class=\"_ _15\"> </span>3,047</div>\n<div class=\"t m8 xe hc y4c3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Deferred char<span class=\"_ _3\"></span>ges and accrued income<span class=\"_ _201\"> </span>5,289<span class=\"_ _15\"> </span>5,081</div>\n<div class=\"t m8 xe hd y1dc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other r<span class=\"_ _3\"></span>eceivables\u2005<span class=\"_ _15b\"> </span>67,089<span class=\"_ _54\"> </span>55,154</div>\n<div class=\"t m8 xe hc y4c4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Of which \ufb01nancial assets (Note 32)<span class=\"_ _26\"> </span><span class=\"ff2\">59,778<span class=\"_ _54\"> </span>48,534</span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 337px; height: 160px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m1e7 xe hb yc8 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Al<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>ugh E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR re<span class=\"_ _4\"></span>cei<span class=\"_ _4\"></span>ved t<span class=\"_ _4\"></span>he \ufb01nal Y<span class=\"_ _4\"></span>PF set<span class=\"_ _7\"></span>tle<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t fees o<span class=\"_ _4\"></span>f USD 24.4<span class=\"_ _3\"></span> millio<span class=\"_ _4\"></span>n (out of a tot<span class=\"_ _4\"></span>al of US<span class=\"_ _4\"></span>D 1<span class=\"_ _1\"></span>49<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>1 mill<span class=\"_ _4\"></span>ion) in</div>\n<div class=\"t m2cf xe hb yae ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">acc<span class=\"_ _4\"></span>orda<span class=\"_ _4\"></span>nce w<span class=\"_ _4\"></span>ith t<span class=\"_ _4\"></span>he ag<span class=\"_ _4\"></span>ree<span class=\"_ _4\"></span>d pay<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t sc<span class=\"_ _4\"></span>hed<span class=\"_ _4\"></span>ules i<span class=\"_ _4\"></span>n 2022, tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>e rec<span class=\"_ _4\"></span>eiva<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s rem<span class=\"_ _4\"></span>aine<span class=\"_ _4\"></span>d com<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le to 2021 du<span class=\"_ _4\"></span>e to</div>\n<div class=\"t m2d0 xe hb yaf ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">Bexc<span class=\"_ _4\"></span>o ente<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g into s<span class=\"_ _4\"></span>cop<span class=\"_ _4\"></span>e (im<span class=\"_ _4\"></span>pac<span class=\"_ _7\"></span>t of USD 7<span class=\"_ _2\"></span>.8 m<span class=\"_ _4\"></span>illion, s<span class=\"_ _4\"></span>ee als<span class=\"_ _4\"></span>o Note 5 B<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>mbi<span class=\"_ _4\"></span>natio<span class=\"_ _4\"></span>ns an<span class=\"_ _4\"></span>d oth<span class=\"_ _4\"></span>er sh<span class=\"_ _4\"></span>are de<span class=\"_ _4\"></span>als)</div>\n<div class=\"t m2d1 xe hb yb0 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">and n<span class=\"_ _4\"></span>ew re<span class=\"_ _4\"></span>ceiv<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>es re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>ting f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m the c<span class=\"_ _4\"></span>har<span class=\"_ _7\"></span>ter a<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>/<span class=\"_ _1\"></span>o<span class=\"_ _4\"></span>r ser<span class=\"_ _7\"></span>vic<span class=\"_ _4\"></span>e agre<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s wi<span class=\"_ _4\"></span>th Ga<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>nie (EEMSHAVEN LNG) a<span class=\"_ _4\"></span>nd</div>\n<div class=\"t m8 xe hb yb1 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Eni (<span class=\"_ _4\"></span>T<span class=\"_ _1\"></span>A<span class=\"_ _4\"></span>NGO FLN<span class=\"_ _4\"></span>G and E<span class=\"_ _4\"></span>XC<span class=\"_ _4\"></span>ALI<span class=\"_ _4\"></span>BUR).</div>\n<div class=\"t md4 xe hb yb2 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e in ot<span class=\"_ _4\"></span>her r<span class=\"_ _4\"></span>ecei<span class=\"_ _4\"></span>vab<span class=\"_ _4\"></span>les d<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing 20<span class=\"_ _4\"></span>22 c<span class=\"_ _4\"></span>an be e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>lain<span class=\"_ _4\"></span>ed by a USD 2.5 m<span class=\"_ _4\"></span>illio<span class=\"_ _4\"></span>n pre<span class=\"_ _4\"></span>mium r<span class=\"_ _4\"></span>efu<span class=\"_ _4\"></span>nd re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m2d2 xe hb yb3 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">rep<span class=\"_ _4\"></span>aym<span class=\"_ _4\"></span>ent of t<span class=\"_ _4\"></span>he Ba<span class=\"_ _4\"></span>nk of C<span class=\"_ _4\"></span>hina lo<span class=\"_ _4\"></span>an (se<span class=\"_ _4\"></span>e Note 12 Financ<span class=\"_ _4\"></span>e inc<span class=\"_ _4\"></span>ome<span class=\"_ _4\"></span>/<span class=\"_ _1\"></span>ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es) an<span class=\"_ _4\"></span>d hig<span class=\"_ _4\"></span>her ad<span class=\"_ _4\"></span>va<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>s paid t<span class=\"_ _4\"></span>o sup<span class=\"_ _4\"></span>pli<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb yb4 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(mainl<span class=\"_ _4\"></span>y at th<span class=\"_ _4\"></span>e Inf<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ure s<span class=\"_ _4\"></span>egm<span class=\"_ _4\"></span>ent a<span class=\"_ _4\"></span>nd rel<span class=\"_ _4\"></span>ated t<span class=\"_ _4\"></span>o the En<span class=\"_ _4\"></span>i proj<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>).</div>\n\n<div></div>\n\n<div class=\"t m2d3 xe hb yb5 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s ex<span class=\"_ _4\"></span>pos<span class=\"_ _4\"></span>ure to c<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>dit a<span class=\"_ _4\"></span>nd cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks a<span class=\"_ _4\"></span>nd im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d to tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>e and o<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r rec<span class=\"_ _4\"></span>eiva<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s</div>\n<div class=\"t m2d4 xe hb yb6 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">is di<span class=\"_ _4\"></span>scl<span class=\"_ _4\"></span>ose<span class=\"_ _4\"></span>d in Not<span class=\"_ _4\"></span>e 32 Finan<span class=\"_ _4\"></span>cial r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks a<span class=\"_ _4\"></span>nd \ufb01na<span class=\"_ _4\"></span>ncial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s. I<span class=\"_ _4\"></span>n add<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>on to t<span class=\"_ _4\"></span>he imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es rec<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 xe hb ycb ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rela<span class=\"_ _4\"></span>ted p<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ies (s<span class=\"_ _4\"></span>ee Not<span class=\"_ _4\"></span>e 1<span class=\"_ _1\"></span>8),  an i<span class=\"_ _4\"></span>mpai<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>ent l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s of USD 2.3 milli<span class=\"_ _4\"></span>on wa<span class=\"_ _4\"></span>s rec<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>ed, ver<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>us USD 1<span class=\"_ _3\"></span>.<span class=\"_ _1\"></span>1 million i<span class=\"_ _4\"></span>n 2021<span class=\"_ _1\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 129px; height: 53px; width: 90%; z-index: 4;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 129px; height: 53px; width: 92%; z-index: 3;\"><br/></div>\n\n\n<div class=\"t m2d5 xe hb ycc ff1 fs9 fc2 sc0 ls14 ws23\" style=\"z-index: 15;\">Deferre<span class=\"_ _4\"></span>d charges comprise ex<span class=\"_ _4\"></span>penses already invoiced relating<span class=\"_ _3\"></span> to the next accounting year<span class=\"_ _1\"></span>, e<span class=\"_ _1\"></span>.g. hi<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>, insurances,</div>\n<div class=\"t m2d6 xe hb y4c5 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>mis<span class=\"_ _4\"></span>sio<span class=\"_ _4\"></span>ns, b<span class=\"_ _4\"></span>unker<span class=\"_ _4\"></span>s, p<span class=\"_ _4\"></span>rep<span class=\"_ _4\"></span>aid cr<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>t fa<span class=\"_ _4\"></span>cilit<span class=\"_ _7\"></span>y cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s. A<span class=\"_ _4\"></span>ccr<span class=\"_ _4\"></span>ue<span class=\"_ _4\"></span>d inc<span class=\"_ _4\"></span>ome c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ses u<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>invoi<span class=\"_ _4\"></span>ced re<span class=\"_ _4\"></span>venu<span class=\"_ _4\"></span>e relat<span class=\"_ _4\"></span>ed to t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m8 xe hb y4c6 ff1 fs9 fc2 sc0 ls28 ws1a\" style=\"z-index: 15;\">curre<span class=\"_ _4\"></span>nt accounting<span class=\"_ _3\"></span> period such as interest<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 80px; height: 53px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 80px; height: 449px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 80px; height: 1059px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div></div>\n\n<div class=\"t m0 x1 h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 2<span class=\"_ _1\"></span>5 - RESTRIC<span class=\"_ _4\"></span>TED C<span class=\"_ _4\"></span>ASH AND C<span class=\"_ _4\"></span>ASH AND CA<span class=\"_ _4\"></span>SH E<span class=\"_ _3\"></span>QUIV<span class=\"_ _2\"></span>ALENTS</div>\n<div class=\"t m8 x1 hd y2f7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hd y2f8 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Restricted cash<span class=\"_ _202\"> </span>0<span class=\"_ _54\"> </span>76,121</div>\n<div class=\"t m8 x1 hc y4c7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank<span class=\"_ _163\"> </span>51,320<span class=\"_ _1a\"> </span>70,834</div>\n<div class=\"t m8 x1 hc y4c8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash in hand<span class=\"_ _2f\"> </span>17<span class=\"_ _1c\"> </span>73</div>\n<div class=\"t m8 x1 hc y327 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Short-term deposits<span class=\"_ _203\"> </span>468,216<span class=\"_ _25\"> </span>222</div>\n<div class=\"t m8 x1 hd y328 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net cash and cash equivalents<span class=\"_ _4e\"> </span>519,553<span class=\"_ _54\"> </span>71,130</div>\n<div class=\"t m2d7 x1 hb y87 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">In 2021<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he res<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ric<span class=\"_ _7\"></span>ted c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h rel<span class=\"_ _4\"></span>ates t<span class=\"_ _4\"></span>o the c<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>it f<span class=\"_ _4\"></span>acili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y wi<span class=\"_ _4\"></span>th t<span class=\"_ _4\"></span>he Ban<span class=\"_ _4\"></span>k of Chi<span class=\"_ _4\"></span>na for t<span class=\"_ _4\"></span>he T<span class=\"_ _1\"></span>A<span class=\"_ _4\"></span>NGO FLN<span class=\"_ _4\"></span>G that w<span class=\"_ _4\"></span>as re<span class=\"_ _7\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y8c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">leas<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n 2022 u<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>n the ea<span class=\"_ _4\"></span>rl<span class=\"_ _4\"></span>y rep<span class=\"_ _4\"></span>ayme<span class=\"_ _4\"></span>nt of t<span class=\"_ _4\"></span>he loa<span class=\"_ _4\"></span>n (se<span class=\"_ _4\"></span>e Note 4 Di<span class=\"_ _4\"></span>ves<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>es).</div>\n<div class=\"t m2d8 x1 hb y88 ff1 fs9 fc2 sc0 ls11 wsc\" style=\"z-index: 15;\">In t<span class=\"_ _4\"></span>he thir<span class=\"_ _4\"></span>d qua<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r of 2022, the c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h po<span class=\"_ _4\"></span>sit<span class=\"_ _4\"></span>ion i<span class=\"_ _4\"></span>ncre<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>ant<span class=\"_ _4\"></span>ly du<span class=\"_ _4\"></span>e to th<span class=\"_ _4\"></span>e rece<span class=\"_ _4\"></span>ipt of USD 6<span class=\"_ _4\"></span>46.7 millio<span class=\"_ _4\"></span>n pro<span class=\"_ _4\"></span>cee<span class=\"_ _4\"></span>ds<span class=\"_ _4\"></span> </div>\n<div class=\"t m2d9 x1 hb y89 ff1 fs9 fc2 sc0 ls11 wsd\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e sal<span class=\"_ _4\"></span>e of E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>t LNG L<span class=\"_ _4\"></span>td. to Eni (s<span class=\"_ _4\"></span>ee al<span class=\"_ _4\"></span>so No<span class=\"_ _4\"></span>te 4 Dive<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>ures). Af<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>er pay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e inter<span class=\"_ _4\"></span>m<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y d<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>den<span class=\"_ _4\"></span>d (Not<span class=\"_ _4\"></span>e</div>\n<div class=\"t m2da x1 hb y8a ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">26 Shar<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>pit<span class=\"_ _4\"></span>al a<span class=\"_ _4\"></span>nd re<span class=\"_ _4\"></span>ser<span class=\"_ _7\"></span>ves), th<span class=\"_ _4\"></span>e acq<span class=\"_ _4\"></span>uisi<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of th<span class=\"_ _4\"></span>e sha<span class=\"_ _4\"></span>res of B<span class=\"_ _4\"></span>exco N<span class=\"_ _4\"></span>V and S<span class=\"_ _4\"></span>olaia S<span class=\"_ _4\"></span>hip<span class=\"_ _4\"></span>pin<span class=\"_ _4\"></span>g LLC (Note 5 B<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s</div>\n<div class=\"t m2db x1 hb yd8 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>bin<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns an<span class=\"_ _4\"></span>d othe<span class=\"_ _4\"></span>r sha<span class=\"_ _4\"></span>re dea<span class=\"_ _4\"></span>ls), EXM<span class=\"_ _4\"></span>AR ha<span class=\"_ _4\"></span>s plac<span class=\"_ _4\"></span>ed USD 4<span class=\"_ _4\"></span>68.<span class=\"_ _4\"></span>2 millio<span class=\"_ _4\"></span>n on s<span class=\"_ _4\"></span>hor<span class=\"_ _7\"></span>t-ter<span class=\"_ _4\"></span>m de<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sit a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s. We</div>\n<div class=\"t m8 x1 hb y8b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">refe<span class=\"_ _4\"></span>r to th<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span>soli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>teme<span class=\"_ _4\"></span>nt of c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s for a d<span class=\"_ _4\"></span>eta<span class=\"_ _4\"></span>iled a<span class=\"_ _4\"></span>naly<span class=\"_ _4\"></span>sis of t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h move<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 839px; height: 300px; width: 90%; z-index: 4;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 839px; height: 300px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 839px; height: 300px; width: 94%; z-index: 2;\"><br/></div>\n\n\n<div></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x1 h11 y4e ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 2<span class=\"_ _1\"></span>6 - SHARE CAPIT<span class=\"_ _2\"></span>AL AND RESERVES</div>\n\n<div class=\"t m0 x1 h6 y4c9 ff2 fs4 fc1 sc0 ls46 ws4a\" style=\"z-index: 15;\">Share<span class=\"_ _1\"></span> c<span class=\"_ _4\"></span>apital an<span class=\"_ _3\"></span>d share<span class=\"_ _1\"></span> premium</div>\n<div class=\"t m8 x1 hd y4ca ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Number of ordinary shar<span class=\"_ _3\"></span>es<span class=\"_ _204\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y4cb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Issued shares as per January 1<span class=\"_ _205\"> </span>59,500,000<span class=\"_ _8a\"> </span>59,500,000</div>\n<div class=\"t m8 x1 hc y4cc ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Issued shares as per December 31 - paid in full<span class=\"_ _206\"> </span><span class=\"ff2\">59,500,000<span class=\"_ _195\"> </span>59,500,000</span></div>\n<div class=\"t m8 x1 hb y55 ff1 fs9 fc2 sc0 ls2 ws1c\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e is<span class=\"_ _4\"></span>sue<span class=\"_ _4\"></span>d sha<span class=\"_ _4\"></span>res have n<span class=\"_ _4\"></span>o nom<span class=\"_ _4\"></span>inal v<span class=\"_ _4\"></span>alue. Th<span class=\"_ _4\"></span>e hol<span class=\"_ _4\"></span>der<span class=\"_ _4\"></span>s of o<span class=\"_ _4\"></span>rdin<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es are e<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>tle<span class=\"_ _4\"></span>d to div<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>s and a<span class=\"_ _4\"></span>re ent<span class=\"_ _4\"></span>itl<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m8 x1 hb y4cd ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">to on<span class=\"_ _4\"></span>e vote pe<span class=\"_ _4\"></span>r sha<span class=\"_ _4\"></span>re du<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g the G<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>l Mee<span class=\"_ _4\"></span>ting of S<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>eho<span class=\"_ _4\"></span>lde<span class=\"_ _4\"></span>rs o<span class=\"_ _4\"></span>f the C<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>any.</div>\n<div class=\"t m2dc x1 hb y57 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s aut<span class=\"_ _4\"></span>hor<span class=\"_ _4\"></span>ize<span class=\"_ _4\"></span>d by th<span class=\"_ _4\"></span>e E<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>aor<span class=\"_ _4\"></span>dina<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y Ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>al M<span class=\"_ _4\"></span>eet<span class=\"_ _4\"></span>ing he<span class=\"_ _4\"></span>ld on S<span class=\"_ _4\"></span>ept<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er 1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>, 2020, t<span class=\"_ _4\"></span>he Bo<span class=\"_ _4\"></span>ard of D<span class=\"_ _4\"></span>irec<span class=\"_ _7\"></span>tor<span class=\"_ _4\"></span>s of E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR</div>\n<div class=\"t m2dd x1 hb y58 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">may<span class=\"_ _1\"></span>, fo<span class=\"_ _4\"></span>r a pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d of \ufb01ve yea<span class=\"_ _4\"></span>rs e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>iri<span class=\"_ _4\"></span>ng in Se<span class=\"_ _4\"></span>pte<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r 2025, wit<span class=\"_ _4\"></span>hin ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain le<span class=\"_ _4\"></span>gal li<span class=\"_ _4\"></span>mit<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d con<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ions, i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e the</div>\n<div class=\"t m8 x1 hb y59 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ca<span class=\"_ _4\"></span>pit<span class=\"_ _4\"></span>al of E<span class=\"_ _4\"></span>X<span class=\"_ _4\"></span>MAR N<span class=\"_ _4\"></span>V by a ma<span class=\"_ _4\"></span>xim<span class=\"_ _4\"></span>um am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>t of USD 1<span class=\"_ _1\"></span>2.0 mill<span class=\"_ _4\"></span>ion.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 542px; height: 193px; width: 92%; z-index: 3;\"></div>\n\n\n<div class=\"t m0 x1 h6 y4ce ff2 fs4 fc1 sc0 ls59 ws63\" style=\"z-index: 15;\">Dividends</div>\n<div class=\"t m2de x1 hb y5d ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15; word-spacing: -0.5px;\">Wi<span class=\"_ _4\"></span>th re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>o \ufb01nan<span class=\"_ _4\"></span>cial yea<span class=\"_ _4\"></span>r 2022, th<span class=\"_ _4\"></span>e Boar<span class=\"_ _4\"></span>d of Dir<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>rs p<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>pos<span class=\"_ _4\"></span>es a g<span class=\"_ _4\"></span>ros<span class=\"_ _4\"></span>s div<span class=\"_ _4\"></span>id<span class=\"_ _4\"></span>end of EU<span class=\"_ _4\"></span>R 1.00<span class=\"_ _7\"></span> pe<span class=\"_ _4\"></span>r shar<span class=\"_ _4\"></span>e to be</div>\n<div class=\"t m8 x1 hb y5e ff1 fs9 fc2 sc0 ls2 ws24\" style=\"z-index: 15;\">pai<span class=\"_ _4\"></span>d to ow<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>s of or<span class=\"_ _4\"></span>dina<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s. Th<span class=\"_ _4\"></span>is div<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>nd is s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>jec<span class=\"_ _4\"></span>t to a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>roval b<span class=\"_ _4\"></span>y the G<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>ral M<span class=\"_ _4\"></span>eet<span class=\"_ _4\"></span>ing of S<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>hol<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>rs of</div>\n<div class=\"t m8 x1 hb y20f ff1 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">May 1<span class=\"_ _1\"></span>6, 202<span class=\"_ _4\"></span>3 and ha<span class=\"_ _4\"></span>s the<span class=\"_ _4\"></span>refo<span class=\"_ _4\"></span>re not b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ed as a li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y in E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR<span class=\"_ _4\"></span>\u2019s cons<span class=\"_ _4\"></span>olid<span class=\"_ _4\"></span>ated \ufb01<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s p<span class=\"_ _4\"></span>re</div>\n<div class=\"t m8 x14 hb y5f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y60 ff1 fs9 fc2 sc0 ls2 ws1b\" style=\"z-index: 15; word-spacing: -1px;\">par<span class=\"_ _4\"></span>ed un<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>r IFRS. T<span class=\"_ _4\"></span>he \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l year 202<span class=\"_ _4\"></span>2 divi<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>nd, bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e num<span class=\"_ _4\"></span>ber of s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es is<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>ed, is EUR 59.5<span class=\"_ _7\"></span> millio<span class=\"_ _4\"></span>n or a</div>\n<div class=\"t m8 x1 hb y74 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">tot<span class=\"_ _4\"></span>al gro<span class=\"_ _4\"></span>ss d<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>nd of USD 63.5<span class=\"_ _4\"></span> m<span class=\"_ _4\"></span>illion.</div>\n<div class=\"t m1f7 x1 hb y76 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">On N<span class=\"_ _4\"></span>ovemb<span class=\"_ _4\"></span>er 2, 2022 a S<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>cial Ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>al M<span class=\"_ _4\"></span>eet<span class=\"_ _4\"></span>ing of S<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>hold<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s ap<span class=\"_ _4\"></span>prove<span class=\"_ _4\"></span>d a gro<span class=\"_ _4\"></span>ss i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>dia<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y di<span class=\"_ _4\"></span>vid<span class=\"_ _4\"></span>end o<span class=\"_ _4\"></span>f EUR</div>\n<div class=\"t m8 x1 hb y61 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0.<span class=\"_ _1\"></span>95 pe<span class=\"_ _4\"></span>r sha<span class=\"_ _4\"></span>re or a tot<span class=\"_ _4\"></span>al g<span class=\"_ _4\"></span>ros<span class=\"_ _4\"></span>s div<span class=\"_ _4\"></span>id<span class=\"_ _4\"></span>end of EU<span class=\"_ _4\"></span>R 56.5 milli<span class=\"_ _4\"></span>on or US<span class=\"_ _4\"></span>D 56.0 millio<span class=\"_ _4\"></span>n.</div>\n<div class=\"t m2df x1 hb y77 ff1 fs9 fc2 sc0 ls16 wsf\" style=\"z-index: 15;\">On M<span class=\"_ _4\"></span>ay 2022, the G<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>l Mee<span class=\"_ _4\"></span>ting of S<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>eho<span class=\"_ _4\"></span>lde<span class=\"_ _4\"></span>rs a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>roved a g<span class=\"_ _4\"></span>ros<span class=\"_ _4\"></span>s di<span class=\"_ _4\"></span>vid<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>d of EUR 0.08 p<span class=\"_ _4\"></span>er s<span class=\"_ _4\"></span>hare o<span class=\"_ _4\"></span>r a tot<span class=\"_ _4\"></span>al</div>\n<div class=\"t m8 x1 hb y63 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">gro<span class=\"_ _4\"></span>ss d<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>den<span class=\"_ _4\"></span>d of EUR 4.8 milli<span class=\"_ _4\"></span>on or US<span class=\"_ _4\"></span>D 5.2 milli<span class=\"_ _4\"></span>on.</div>\n<div class=\"t m2e0 x1 hb y64 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">In May 2021<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he Ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>al Me<span class=\"_ _4\"></span>eti<span class=\"_ _4\"></span>ng of Sha<span class=\"_ _4\"></span>reh<span class=\"_ _4\"></span>old<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s ap<span class=\"_ _4\"></span>prove<span class=\"_ _4\"></span>d a gro<span class=\"_ _4\"></span>ss d<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>den<span class=\"_ _4\"></span>d of EUR 0.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5 pe<span class=\"_ _4\"></span>r sha<span class=\"_ _4\"></span>re or a to<span class=\"_ _4\"></span>tal g<span class=\"_ _4\"></span>ros<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x1 hb y65 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">div<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>nd of EUR 1<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>9 millio<span class=\"_ _4\"></span>n or USD 21<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>9 millio<span class=\"_ _4\"></span>n.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 311px; height: 210px; width: 92%; z-index: 3;\"><br/></div>\n\n\n<div class=\"t m0 x1 h6 y4cf ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>reasur<span class=\"_ _4\"></span>y shares</div>\n<div class=\"t m8 x1 hb y68 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e res<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ve f<span class=\"_ _4\"></span>or tr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s com<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>es th<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>he Co<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>any<span class=\"_ _4\"></span>\u2019<span class=\"_ _1\"></span>s s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es he<span class=\"_ _4\"></span>ld by t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up.</div>\n<div class=\"t m8 x1d hd y4d0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y4d1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Number of treasury shar<span class=\"_ _3\"></span>es held as of December 31<span class=\"_ _83\"> </span>2,273,263<span class=\"_ _8e\"> </span>2,273,263</div>\n<div class=\"t m8 x1 hc y4d2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Book value of treasury shar<span class=\"_ _3\"></span>es held (in thousands USD)<span class=\"_ _19\"> </span>44,349<span class=\"_ _1a\"> </span>44,349</div>\n<div class=\"t m8 x1 hc y4d3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Average cost price per shar<span class=\"_ _3\"></span>e (in EUR) - historical value<span class=\"_ _207\"> </span>14.1507<span class=\"_ _18\"> </span>14.1507</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 156px; height: 134px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 156px; height: 620px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 156px; height: 983px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 xe h6 y1d6 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ranslation reserve</div>\n<div class=\"t m2e1 xe hb y7f ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">The t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>latio<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>ve com<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>s all for<span class=\"_ _4\"></span>eign e<span class=\"_ _4\"></span>xcha<span class=\"_ _4\"></span>nge di<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>renc<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>isi<span class=\"_ _4\"></span>ng fr<span class=\"_ _4\"></span>om t<span class=\"_ _4\"></span>he tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>lat<span class=\"_ _4\"></span>ion of t<span class=\"_ _4\"></span>he \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y43 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s of Grou<span class=\"_ _4\"></span>p<span class=\"_ _3\"></span>\u2019<span class=\"_ _3\"></span>s sub<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>iar<span class=\"_ _4\"></span>ies w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h have a fu<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>onal c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y dif<span class=\"_ _7\"></span>fere<span class=\"_ _4\"></span>nt t<span class=\"_ _4\"></span>han t<span class=\"_ _4\"></span>he USD re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m2e2 xe hb y80 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">dire<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on of t<span class=\"_ _4\"></span>he tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>lati<span class=\"_ _4\"></span>on of t<span class=\"_ _4\"></span>he net i<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>a gro<span class=\"_ _4\"></span>up inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt in a fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n ope<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n (expr<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d in Ar<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y81 ff1 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">ian p<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>o) whic<span class=\"_ _4\"></span>h is goi<span class=\"_ _4\"></span>ng for<span class=\"_ _7\"></span>wa<span class=\"_ _4\"></span>rd re<span class=\"_ _4\"></span>cor<span class=\"_ _4\"></span>ded i<span class=\"_ _4\"></span>n O<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r com<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>hen<span class=\"_ _4\"></span>sive i<span class=\"_ _4\"></span>nco<span class=\"_ _4\"></span>me. The b<span class=\"_ _4\"></span>alan<span class=\"_ _4\"></span>ce in t<span class=\"_ _4\"></span>he tr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>nsla<span class=\"_ _4\"></span>tion r<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ve</div>\n<div class=\"t m8 xe hb y1c9 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">is mai<span class=\"_ _4\"></span>nly im<span class=\"_ _4\"></span>pac<span class=\"_ _7\"></span>ted by t<span class=\"_ _4\"></span>he ap<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>ecia<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n or de<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>ciat<span class=\"_ _4\"></span>ion o<span class=\"_ _4\"></span>f the EUR t<span class=\"_ _4\"></span>o the US<span class=\"_ _4\"></span>D<span class=\"_ _3\"></span>.</div>\n\n<div class=\"t m0 xe h6 y1bb ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Hedging reserve</div>\n<div class=\"t m2c1 xe hb y86 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e hed<span class=\"_ _4\"></span>ging r<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ve co<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>ris<span class=\"_ _4\"></span>es t<span class=\"_ _4\"></span>he ef<span class=\"_ _7\"></span>fec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ive p<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion of t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>umul<span class=\"_ _4\"></span>ative n<span class=\"_ _4\"></span>et ch<span class=\"_ _4\"></span>ange i<span class=\"_ _4\"></span>n the f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue of c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow</div>\n<div class=\"t m8 xe hb y87 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">he<span class=\"_ _4\"></span>dgin<span class=\"_ _4\"></span>g ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>d to t<span class=\"_ _4\"></span>he he<span class=\"_ _4\"></span>dge<span class=\"_ _4\"></span>d tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>sac<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>ns tha<span class=\"_ _4\"></span>t have not yet o<span class=\"_ _4\"></span>cc<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>.</div>\n<div class=\"t m2e3 xe hb y8c ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">In ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain of o<span class=\"_ _4\"></span>ur eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es, int<span class=\"_ _4\"></span>eres<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate s<span class=\"_ _4\"></span>wa<span class=\"_ _4\"></span>ps (IRS<span class=\"_ _4\"></span>) co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s have b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n clos<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>o cover t<span class=\"_ _4\"></span>heir</div>\n<div class=\"t m8 xe hb y88 ff1 fs9 fc2 sc0 ls17 ws2c\" style=\"z-index: 15;\">exp<span class=\"_ _4\"></span>osure on va<span class=\"_ _4\"></span>riable inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t rates.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 905px; height: 94px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 905px; height: 226px; width: 94%; z-index: 2;\"><br/></div>\n\n\n<div class=\"t m0 xe h11 y4e ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 2<span class=\"_ _1\"></span>7 - E<span class=\"_ _4\"></span>ARNINGS P<span class=\"_ _3\"></span>ER SHARE</div>\n<div class=\"t m8 x89 hd y4d4 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y4d5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Result for the period, attributable to owners of the Company (in USD)<span class=\"_ _b\"> </span>320,317,483<span class=\"_ _b1\"> </span>11,599,651</div>\n<div class=\"t m8 xe hc y4d6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Issued ordinary shar<span class=\"_ _3\"></span>es as per December 31<span class=\"_ _30\"> </span>59,500,000<span class=\"_ _2e\"> </span>59,500,000</div>\n<div class=\"t m8 xe hc y4d7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Effect of tr<span class=\"_ _3\"></span>easury shares<span class=\"_ _28\"> </span>-2,273,263<span class=\"_ _126\"> </span>-2,273,263</div>\n<div class=\"t m8 xe hc y4d8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Weighted average number of or<span class=\"_ _3\"></span>dinary shares as per December 31<span class=\"_ _115\"> </span>57,226,737<span class=\"_ _8a\"> </span>57,226,737</div>\n<div class=\"t m8 xe hd y1da ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Basic earnings per share in USD<span class=\"_ _a9\"> </span>5.60<span class=\"_ _208\"> </span>0.20</div>\n<div class=\"t m8 x89 hd y4d9 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y4da ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Result for the period, attributable to owners of the Company (in USD)<span class=\"_ _b\"> </span>320,317,483<span class=\"_ _b1\"> </span>11,599,651</div>\n<div class=\"t m8 xe hc y4db ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Weighted average number of or<span class=\"_ _3\"></span>dinary shares as per December 31<span class=\"_ _115\"> </span>57,226,737<span class=\"_ _8a\"> </span>57,226,737</div>\n<div class=\"t m8 xe hc y4dc ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Dilution effect of shar<span class=\"_ _3\"></span>e based compensation<span class=\"_ _209\"> </span>0<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hc y4dd ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Weighted average number of or<span class=\"_ _3\"></span>dinary shares including options\u2005<span class=\"_ _10e\"> </span>57,226,737<span class=\"_ _8a\"> </span>57,226,737</div>\n<div class=\"t m8 xe hd y4de ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Diluted earnings per share in USD<span class=\"_ _61\"> </span>5.60<span class=\"_ _5d\"> </span>0.20</div>\n<div class=\"t m2e4 xe hb ya6 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s opt<span class=\"_ _4\"></span>ion p<span class=\"_ _4\"></span>lans 9 a<span class=\"_ _4\"></span>nd 10 are ant<span class=\"_ _4\"></span>i-<span class=\"_ _4\"></span>dil<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>ve as pe<span class=\"_ _4\"></span>r De<span class=\"_ _4\"></span>cem<span class=\"_ _4\"></span>ber 31<span class=\"_ _1\"></span>, 2022 a<span class=\"_ _4\"></span>nd 2021 th<span class=\"_ _4\"></span>ey are no<span class=\"_ _4\"></span>t incl<span class=\"_ _4\"></span>ude<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>alc<span class=\"_ _4\"></span>u</div>\n<div class=\"t m230 x3d hb ya6 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 xe hb ya7 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">lati<span class=\"_ _4\"></span>on of t<span class=\"_ _4\"></span>he dil<span class=\"_ _4\"></span>ute<span class=\"_ _4\"></span>d ear<span class=\"_ _4\"></span>ning<span class=\"_ _4\"></span>s pe<span class=\"_ _4\"></span>r sha<span class=\"_ _4\"></span>re.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 426px; height: 350px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 426px; height: 705px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1 h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 2<span class=\"_ _1\"></span>8 \u2013 BORRO<span class=\"_ _1\"></span>W<span class=\"_ _4\"></span>INGS</div>\n<div class=\"t m8 x1 hd y471 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _ed\"> </span>Bank loans<span class=\"_ _ff\"> </span>Other loans</div>\n<div class=\"t m8 x54 hd y470 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease</div>\n<div class=\"t m8 x1d hd y471 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">liabilities</div>\n<div class=\"t m8 x8a hd y4df ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ROU assets</div>\n<div class=\"t m8 x3d hd y471 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 x1 hd y4e0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As of 1 January 2021<span class=\"_ _47\"> </span>214,304\u2005<span class=\"_ _dc\"> </span>123,642\u2005<span class=\"_ _a0\"> </span>3,673\u2005<span class=\"_ _dc\"> </span>341,619\u2005</div>\n<div class=\"t m8 x1f hc y4e1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">New loans and borrowings<span class=\"_ _9e\"> </span>144,000\u2005<span class=\"_ _20a\"> </span>0\u2005<span class=\"_ _b0\"> </span>2,990\u2005<span class=\"_ _bb\"> </span>146,990\u2005</div>\n<div class=\"t m8 x1f hc y4e2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Repayments<span class=\"_ _79\"> </span>-39,616\u2005<span class=\"_ _eb\"> </span>-22,916\u2005<span class=\"_ _2e\"> </span>-1,554\u2005<span class=\"_ _1d1\"> </span>-64,086\u2005</div>\n<div class=\"t m8 x1f hc y4e3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Loan forgiveness<span class=\"_ _19d\"> </span>0\u2005<span class=\"_ _20b\"> </span>-29\u2005<span class=\"_ _1eb\"> </span>0\u2005<span class=\"_ _92\"> </span>-29\u2005</div>\n<div class=\"t m8 x1f hc y4e4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Amortized transaction costs<span class=\"_ _da\"> </span>1,981\u2005<span class=\"_ _20c\"> </span>693\u2005<span class=\"_ _1eb\"> </span>0\u2005<span class=\"_ _b0\"> </span>2,674\u2005</div>\n<div class=\"t m8 x1f hc y4e5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _18e\"> </span>-114\u2005<span class=\"_ _a0\"> </span>-2,352\u2005<span class=\"_ _1c1\"> </span>-344\u2005<span class=\"_ _2e\"> </span>-2,810\u2005</div>\n<div class=\"t m8 x1f hc y4e6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Accrued interest payable<span class=\"_ _20d\"> </span>-831\u2005<span class=\"_ _20b\"> </span>-55\u2005<span class=\"_ _20a\"> </span>0\u2005<span class=\"_ _1c1\"> </span>-886\u2005</div>\n<div class=\"t m8 x1f hc y4e7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Contract re-measur<span class=\"_ _3\"></span>ement/ contract modi\ufb01cation (1)<span class=\"_ _20e\"> </span>0\u2005<span class=\"_ _1eb\"> </span>0\u2005<span class=\"_ _b0\"> </span>1,340\u2005<span class=\"_ _b0\"> </span>1,340\u2005</div>\n<div class=\"t m8 x1 hd y4e8 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As of 31 December 2021<span class=\"_ _20f\"> </span>319,724\u2005<span class=\"_ _195\"> </span>98,983\u2005<span class=\"_ _a0\"> </span>6,105\u2005<span class=\"_ _137\"> </span>424,812\u2005</div>\n<div class=\"t m8 x1 hc y4e9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">More than 1 year<span class=\"_ _30\"> </span>281,413\u2005<span class=\"_ _1bf\"> </span>27,659\u2005<span class=\"_ _1a9\"> </span>4,745\u2005<span class=\"_ _db\"> </span>313,816\u2005</div>\n<div class=\"t m8 x1 hc y4ea ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Less than 1 year<span class=\"_ _1b0\"> </span>38,311\u2005<span class=\"_ _1bf\"> </span>71,324\u2005<span class=\"_ _b0\"> </span>1,360\u2005<span class=\"_ _bb\"> </span>110,995\u2005</div>\n<div class=\"t m8 x1 hd y4eb ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As of 31 December 2021<span class=\"_ _20f\"> </span>319,724\u2005<span class=\"_ _195\"> </span>98,983\u2005<span class=\"_ _a0\"> </span>6,105\u2005<span class=\"_ _137\"> </span>424,812\u2005</div>\n<div class=\"t m8 x1f hc y4ec ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Shipping segment<span class=\"_ _210\"> </span>190,456\u2005<span class=\"_ _1bf\"> </span>26,467\u2005<span class=\"_ _20c\"> </span>769\u2005<span class=\"_ _db\"> </span>217,691\u2005</div>\n<div class=\"t m8 x1f hc y4ed ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Infrastructure segment<span class=\"_ _211\"> </span>129,265\u2005<span class=\"_ _1bf\"> </span>72,517\u2005<span class=\"_ _b0\"> </span>3,013\u2005<span class=\"_ _bb\"> </span>204,795\u2005</div>\n<div class=\"t m8 x1f hc y4ee ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Supporting services segment<span class=\"_ _211\"> </span>3\u2005<span class=\"_ _1eb\"> </span>0\u2005<span class=\"_ _b0\"> </span>2,323\u2005<span class=\"_ _b0\"> </span>2,326\u2005</div>\n<div class=\"t m8 x1 hd y4ef ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As of 31 December 2021<span class=\"_ _20f\"> </span>319,724\u2005<span class=\"_ _195\"> </span>98,983\u2005<span class=\"_ _a0\"> </span>6,105\u2005<span class=\"_ _137\"> </span>424,812\u2005</div>\n<div class=\"t m8 x1 hd y4f0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As of 1 January 2022<span class=\"_ _47\"> </span>319,724\u2005<span class=\"_ _195\"> </span>98,983\u2005<span class=\"_ _a0\"> </span>6,105\u2005<span class=\"_ _dc\"> </span>424,812\u2005</div>\n<div class=\"t m8 x1f hc y4f1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">New loans<span class=\"_ _4f\"> </span>0\u2005<span class=\"_ _1bf\"> </span>50,014\u2005<span class=\"_ _119\"> </span>766\u2005<span class=\"_ _1bf\"> </span>50,780\u2005</div>\n<div class=\"t m8 x1f hc y4f2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Increase thr<span class=\"_ _3\"></span>ough business combinations<span class=\"_ _98\"> </span>15,319\u2005<span class=\"_ _1eb\"> </span>0\u2005<span class=\"_ _b0\"> </span>4,864\u2005<span class=\"_ _1bf\"> </span>20,184\u2005</div>\n<div class=\"t m8 x1f hc y4f3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Repayments<span class=\"_ _212\"> </span>-163,700\u2005<span class=\"_ _a8\"> </span>-116,119\u2005<span class=\"_ _2e\"> </span>-1,476\u2005<span class=\"_ _a8\"> </span>-281,294\u2005</div>\n<div class=\"t m8 x1f hc y4f4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ransfers<span class=\"_ _178\"> </span>7,551\u2005<span class=\"_ _a0\"> </span>-8,710\u2005<span class=\"_ _20a\"> </span>0\u2005<span class=\"_ _a0\"> </span>-1,160\u2005</div>\n<div class=\"t m8 x1f hc y4f5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Loan forgiveness<span class=\"_ _19d\"> </span>0\u2005<span class=\"_ _a0\"> </span>-1,193\u2005<span class=\"_ _20a\"> </span>0\u2005<span class=\"_ _2e\"> </span>-1,193\u2005</div>\n<div class=\"t m8 x1f hc y4f6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Amortized transaction costs<span class=\"_ _da\"> </span>5,877\u2005<span class=\"_ _1a9\"> </span>1,627\u2005<span class=\"_ _20a\"> </span>0\u2005<span class=\"_ _1a9\"> </span>7,504\u2005</div>\n<div class=\"t m8 x1f hc y4f7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _7e\"> </span>8\u2005<span class=\"_ _213\"> </span>-4,791\u2005<span class=\"_ _1c1\"> </span>-157\u2005<span class=\"_ _213\"> </span>-4,940\u2005</div>\n<div class=\"t m8 x1f hc y4f8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Accrued interest payable<span class=\"_ _20f\"> </span>-1,387\u2005<span class=\"_ _1c1\"> </span>-619\u2005<span class=\"_ _1eb\"> </span>0\u2005<span class=\"_ _213\"> </span>-2,006\u2005</div>\n<div class=\"t m8 x1f hc y4f9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Contract re-measur<span class=\"_ _3\"></span>ement/ contract modi\ufb01cation (1)<span class=\"_ _52\"> </span>5,498\u2005<span class=\"_ _20a\"> </span>0\u2005<span class=\"_ _20c\"> </span>162\u2005<span class=\"_ _b0\"> </span>5,660\u2005</div>\n<div class=\"t m8 x1 hd y4fa ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As of 31 December 2022<span class=\"_ _20f\"> </span>188,891\u2005<span class=\"_ _195\"> </span>19,192\u2005<span class=\"_ _db\"> </span>10,264\u2005<span class=\"_ _dc\"> </span>218,347\u2005</div>\n<div class=\"t m8 x1 hc y4fb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">More than 1 year<span class=\"_ _30\"> </span>139,522\u2005<span class=\"_ _1bf\"> </span>19,177\u2005<span class=\"_ _1a9\"> </span>8,849\u2005<span class=\"_ _db\"> </span>167,548\u2005</div>\n<div class=\"t m8 x1 hc y4fc ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Less than 1 year<span class=\"_ _1b0\"> </span>49,369\u2005<span class=\"_ _e4\"> </span>16\u2005<span class=\"_ _b0\"> </span>1,415\u2005<span class=\"_ _de\"> </span>50,800\u2005</div>\n<div class=\"t m8 x1 hd y4fd ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As of 31 December 2022<span class=\"_ _20f\"> </span>188,891\u2005<span class=\"_ _195\"> </span>19,192\u2005<span class=\"_ _db\"> </span>10,264\u2005<span class=\"_ _dc\"> </span>218,347\u2005</div>\n<div class=\"t m8 x1f hc y4fe ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Shipping segment<span class=\"_ _210\"> </span>178,090\u2005<span class=\"_ _1bf\"> </span>19,178\u2005<span class=\"_ _20c\"> </span>664\u2005<span class=\"_ _db\"> </span>197,932\u2005</div>\n<div class=\"t m8 x1f hc y4ff ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Infrastructure segment<span class=\"_ _214\"> </span>10,005\u2005<span class=\"_ _1eb\"> </span>0\u2005<span class=\"_ _b0\"> </span>2,486\u2005<span class=\"_ _de\"> </span>12,491\u2005</div>\n<div class=\"t m8 x1f hc y500 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Supporting services segment<span class=\"_ _215\"> </span>796\u2005<span class=\"_ _e4\"> </span>15\u2005<span class=\"_ _b0\"> </span>7,114\u2005<span class=\"_ _b0\"> </span>7,925\u2005</div>\n<div class=\"t m8 x1 hd y501 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As of 31 December 2022<span class=\"_ _20f\"> </span>188,891\u2005<span class=\"_ _195\"> </span>19,192\u2005<span class=\"_ _db\"> </span>10,264\u2005<span class=\"_ _dc\"> </span>218,347\u2005</div>\n<div class=\"t m8 x1 h14 y502 ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(1) <span class=\"_ _c7\"> </span>During 2022, the bank loans increased by USD 5.5 million, representing the ef<span class=\"_ _1\"></span>fective interest rate correction on the pressurized \ufb02eet following the exercise of</div>\n<div class=\"t m8 x8b h14 y503 ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">the early buy-out-option (see also Note 12 Finance income/expense).</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 243px; height: 896px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 243px; height: 896px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div></div>\n\n<div></div>\n<div class=\"t m0 xe h6 y1d6 ff2 fs4 fc1 sc0 lsd ws58\" style=\"z-index: 15;\">Bank loans</div>\n<div class=\"t m8 xe hb y7f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e ban<span class=\"_ _4\"></span>k loan<span class=\"_ _4\"></span>s mainl<span class=\"_ _4\"></span>y rela<span class=\"_ _4\"></span>te to:</div>\n<div class=\"t m0 xe h6 y80 ff5 fs4 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">FLANDERS INNOV<span class=\"_ _1\"></span>A<span class=\"_ _2\"></span>TION &amp; FLANDERS PIONEER \u2013 USD 135.5 million (2021: 140.9 million)</div>\n<div class=\"t m2e5 xe hb y81 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">In 2021<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up ob<span class=\"_ _4\"></span>tai<span class=\"_ _4\"></span>ned U<span class=\"_ _4\"></span>SD 1<span class=\"_ _1\"></span>4<span class=\"_ _4\"></span>4.0 millio<span class=\"_ _4\"></span>n \ufb01nan<span class=\"_ _4\"></span>cing f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e t<span class=\"_ _4\"></span>wo ne<span class=\"_ _4\"></span>w VLGC\u2019s: FL<span class=\"_ _4\"></span>ANDER<span class=\"_ _4\"></span>S INNOVA<span class=\"_ _1\"></span>TION s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing</div>\n<div class=\"t m2e6 xe hb y82 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">in Ju<span class=\"_ _4\"></span>ne 2021 (USD 72.0 million) an<span class=\"_ _4\"></span>d FL<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span>NDERS PIO<span class=\"_ _4\"></span>NEER st<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g in Se<span class=\"_ _4\"></span>ptem<span class=\"_ _4\"></span>be<span class=\"_ _4\"></span>r 2021 (<span class=\"_ _3\"></span>als<span class=\"_ _4\"></span>o USD 72.<span class=\"_ _3\"></span>0 millio<span class=\"_ _4\"></span>n) and</div>\n<div class=\"t m20 xe hb y83 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">mat<span class=\"_ _4\"></span>uri<span class=\"_ _4\"></span>ng in \ufb01<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>n year<span class=\"_ _4\"></span>s. T<span class=\"_ _4\"></span>he wei<span class=\"_ _4\"></span>ghte<span class=\"_ _4\"></span>d aver<span class=\"_ _4\"></span>age in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>st r<span class=\"_ _4\"></span>ate i<span class=\"_ _4\"></span>mpli<span class=\"_ _4\"></span>cit i<span class=\"_ _4\"></span>n the<span class=\"_ _4\"></span>se lo<span class=\"_ _4\"></span>ans a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to 5.62%. E<span class=\"_ _4\"></span>X<span class=\"_ _4\"></span>MAR N<span class=\"_ _4\"></span>V</div>\n<div class=\"t m8 xe hb y84 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">has g<span class=\"_ _4\"></span>uar<span class=\"_ _4\"></span>ante<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>he un<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>rly<span class=\"_ _4\"></span>ing o<span class=\"_ _4\"></span>blig<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns.</div>\n<div class=\"t m0 xe h6 y86 ff5 fs4 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LPG pressurized facilities - USD 42.6 million (2021: USD 43.9 million)</div>\n<div class=\"t m2e7 xe hb y87 ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15; word-spacing: 0px;\">In t<span class=\"_ _4\"></span>he las<span class=\"_ _4\"></span>t q<span class=\"_ _4\"></span>uar<span class=\"_ _7\"></span>ter of 201<span class=\"_ _3\"></span>8 and i<span class=\"_ _4\"></span>n Ap<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>l 201<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>, EX<span class=\"_ _4\"></span>MAR r<span class=\"_ _4\"></span>e\ufb01na<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>d res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>vely six<span class=\"_ _4\"></span> and f<span class=\"_ _4\"></span>our of i<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s LPG p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ized \ufb02<span class=\"_ _4\"></span>eet</div>\n<div class=\"t m2e8 xe hb y8c ff1 fs9 fc2 sc0 ls24 wsd\" style=\"z-index: 15;\">ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ls th<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>gh a JO<span class=\"_ _4\"></span>LC<span class=\"_ _3\"></span>O (Jap<span class=\"_ _4\"></span>ane<span class=\"_ _4\"></span>se O<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ing L<span class=\"_ _4\"></span>ease w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h Ca<span class=\"_ _4\"></span>ll Opt<span class=\"_ _4\"></span>ion) s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _7\"></span>tur<span class=\"_ _4\"></span>e. The lo<span class=\"_ _4\"></span>ans a<span class=\"_ _4\"></span>re rep<span class=\"_ _4\"></span>ayab<span class=\"_ _4\"></span>le in q<span class=\"_ _4\"></span>uar<span class=\"_ _7\"></span>ter<span class=\"_ _4\"></span>ly</div>\n<div class=\"t m2e9 xe hb y88 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">tr<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>s and t<span class=\"_ _4\"></span>he ap<span class=\"_ _4\"></span>plic<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t p<span class=\"_ _4\"></span>erce<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>age a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to thr<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>mont<span class=\"_ _4\"></span>h LIBO<span class=\"_ _4\"></span>R plu<span class=\"_ _4\"></span>s 2.4<span class=\"_ _1\"></span>%<span class=\"_ _4\"></span>. Th<span class=\"_ _4\"></span>e las<span class=\"_ _4\"></span>t rep<span class=\"_ _4\"></span>aym<span class=\"_ _4\"></span>ent is</div>\n<div class=\"t m8 xe hb y89 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">for<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>en in D<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 2025. T<span class=\"_ _4\"></span>he eq<span class=\"_ _4\"></span>uit<span class=\"_ _7\"></span>y par<span class=\"_ _7\"></span>t of th<span class=\"_ _4\"></span>e JOLCO \ufb01nan<span class=\"_ _4\"></span>cin<span class=\"_ _4\"></span>g was p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ente<span class=\"_ _4\"></span>d in \u201cOt<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>r Loa<span class=\"_ _4\"></span>ns\u201d (see b<span class=\"_ _4\"></span>elow).</div>\n<div class=\"t md3 xe hb y8a ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">End 20<span class=\"_ _4\"></span>22, Ex<span class=\"_ _4\"></span>ma<span class=\"_ _4\"></span>r has exer<span class=\"_ _4\"></span>cis<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>he ear<span class=\"_ _4\"></span>ly b<span class=\"_ _4\"></span>uy-<span class=\"_ _4\"></span>o<span class=\"_ _4\"></span>ut o<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n of 3 ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ls, wi<span class=\"_ _4\"></span>th p<span class=\"_ _4\"></span>ayme<span class=\"_ _4\"></span>nt pl<span class=\"_ _4\"></span>anne<span class=\"_ _4\"></span>d in 202<span class=\"_ _4\"></span>3 and co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>e<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m2ea xe hb yd8 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">que<span class=\"_ _4\"></span>ntl<span class=\"_ _4\"></span>y mana<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent h<span class=\"_ _4\"></span>as (i<span class=\"_ _4\"></span>) up<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d th<span class=\"_ _4\"></span>e ef<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t c<span class=\"_ _4\"></span>alc<span class=\"_ _4\"></span>ulati<span class=\"_ _4\"></span>on (i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t of USD 5.5 m<span class=\"_ _4\"></span>illion), (ii) t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m2eb xe hb y8b ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e relat<span class=\"_ _4\"></span>ed ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ndin<span class=\"_ _4\"></span>g eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y p<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>se ves<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>els to \u201cba<span class=\"_ _4\"></span>nk loa<span class=\"_ _4\"></span>ns\u201d (USD 7<span class=\"_ _2\"></span>.6 m<span class=\"_ _4\"></span>illion) an<span class=\"_ _4\"></span>d pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d the ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 xe hb y4a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">paya<span class=\"_ _4\"></span>ble a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt as s<span class=\"_ _4\"></span>hor<span class=\"_ _7\"></span>t-ter<span class=\"_ _4\"></span>m (US<span class=\"_ _4\"></span>D 25.<span class=\"_ _1\"></span>9 millio<span class=\"_ _4\"></span>n).</div>\n<div class=\"t m8 xe hb y504 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">All o<span class=\"_ _4\"></span>blig<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns of t<span class=\"_ _4\"></span>he bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ower a<span class=\"_ _4\"></span>re gu<span class=\"_ _4\"></span>ara<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>ed by E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR NV (\u201c<span class=\"_ _3\"></span>guar<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>\u201d).  </div>\n<div class=\"t m0 xe h6 y4d ff5 fs4 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>ANGO FLNG facility - USD 0 million (2021: USD 129.3 million)</div>\n<div class=\"t m2ec xe hb y4e ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">End of J<span class=\"_ _4\"></span>une 201<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>, E<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t LN<span class=\"_ _4\"></span>G Lim<span class=\"_ _4\"></span>ite<span class=\"_ _4\"></span>d (a 1<span class=\"_ _1\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>% sub<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>iar<span class=\"_ _7\"></span>y of E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R NV<span class=\"_ _4\"></span>) s<span class=\"_ _4\"></span>ign<span class=\"_ _4\"></span>ed a \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>ng ag<span class=\"_ _4\"></span>ree<span class=\"_ _4\"></span>ment o<span class=\"_ _4\"></span>f USD</div>\n<div class=\"t m2ed xe hb y72 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">20<span class=\"_ _4\"></span>0.0 millio<span class=\"_ _4\"></span>n wi<span class=\"_ _4\"></span>th t<span class=\"_ _4\"></span>he Ban<span class=\"_ _4\"></span>k of Chi<span class=\"_ _4\"></span>na (Bo<span class=\"_ _4\"></span>C), Deu<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>sc<span class=\"_ _4\"></span>he Ban<span class=\"_ _4\"></span>k and Si<span class=\"_ _4\"></span>nos<span class=\"_ _4\"></span>ure f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cin<span class=\"_ _4\"></span>g of the T<span class=\"_ _3\"></span>ANGO FL<span class=\"_ _4\"></span>NG. T<span class=\"_ _4\"></span>he</div>\n<div class=\"t m2ee xe hb y4f ff1 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">agr<span class=\"_ _4\"></span>eem<span class=\"_ _4\"></span>ent wi<span class=\"_ _4\"></span>th B<span class=\"_ _4\"></span>oC pr<span class=\"_ _4\"></span>ovid<span class=\"_ _4\"></span>ed a re<span class=\"_ _4\"></span>pay<span class=\"_ _4\"></span>ment p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>d of t<span class=\"_ _4\"></span>wel<span class=\"_ _4\"></span>ve year<span class=\"_ _4\"></span>s and t<span class=\"_ _4\"></span>he lo<span class=\"_ _4\"></span>an ha<span class=\"_ _4\"></span>d an inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t at a r<span class=\"_ _4\"></span>ate of s<span class=\"_ _4\"></span>ix-<span class=\"_ _4\"></span>mon<span class=\"_ _4\"></span>th</div>\n<div class=\"t m150 xe hb y50 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">LIBO<span class=\"_ _4\"></span>R plus 3.0<span class=\"_ _4\"></span>% (until e<span class=\"_ _4\"></span>nd Ju<span class=\"_ _4\"></span>ne 2021<span class=\"_ _1\"></span>) a<span class=\"_ _4\"></span>nd 2.2<span class=\"_ _4\"></span>% as fr<span class=\"_ _4\"></span>om Ju<span class=\"_ _4\"></span>ly 2021 and w<span class=\"_ _4\"></span>as gua<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ntee<span class=\"_ _4\"></span>d by E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R NV (\u201c<span class=\"_ _1\"></span>g<span class=\"_ _4\"></span>uar<span class=\"_ _4\"></span>anto<span class=\"_ _4\"></span>r\u201d).</div>\n<div class=\"t m2ef xe hb y51 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">On A<span class=\"_ _4\"></span>ugu<span class=\"_ _4\"></span>st 5, 202<span class=\"_ _4\"></span>2 EX<span class=\"_ _4\"></span>MA<span class=\"_ _4\"></span>R ente<span class=\"_ _4\"></span>red i<span class=\"_ _4\"></span>nto a s<span class=\"_ _4\"></span>hare p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>e agre<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>ent to s<span class=\"_ _4\"></span>ell t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s of E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>t LNG L<span class=\"_ _4\"></span>td, to Eni</div>\n<div class=\"t m8 xe hb y52 ff1 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">fr<span class=\"_ _4\"></span>ee of de<span class=\"_ _4\"></span>bt. A<span class=\"_ _4\"></span>s of A<span class=\"_ _4\"></span>ugu<span class=\"_ _4\"></span>st 1<span class=\"_ _3\"></span>7<span class=\"_ _2\"></span>, 2022, th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p rep<span class=\"_ _4\"></span>aid t<span class=\"_ _4\"></span>he bo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ng tow<span class=\"_ _4\"></span>ard<span class=\"_ _4\"></span>s BoC a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e res<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ric<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h bala<span class=\"_ _4\"></span>nce</div>\n<div class=\"t m8 xe hb y505 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">was r<span class=\"_ _4\"></span>elea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d (see N<span class=\"_ _4\"></span>ote 25) a<span class=\"_ _4\"></span>nd on A<span class=\"_ _4\"></span>ugu<span class=\"_ _4\"></span>st 26, 202<span class=\"_ _4\"></span>2 the t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on wa<span class=\"_ _4\"></span>s clo<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m0 xe h6 y73 ff5 fs4 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Aircraft held for sale - USD 0 million (2021: USD 5.6 million)</div>\n<div class=\"t m2f0 xe hb y55 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Follo<span class=\"_ _4\"></span>win<span class=\"_ _4\"></span>g the s<span class=\"_ _4\"></span>ale of t<span class=\"_ _4\"></span>he air<span class=\"_ _4\"></span>cr<span class=\"_ _4\"></span>af<span class=\"_ _4\"></span>t i<span class=\"_ _4\"></span>n Marc<span class=\"_ _4\"></span>h 2022 (s<span class=\"_ _4\"></span>ee al<span class=\"_ _4\"></span>so No<span class=\"_ _4\"></span>te 1<span class=\"_ _1\"></span>4 A<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>ies he<span class=\"_ _4\"></span>ld for s<span class=\"_ _4\"></span>ale), the r<span class=\"_ _4\"></span>elat<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m8 xe hb y56 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">loa<span class=\"_ _4\"></span>n was r<span class=\"_ _4\"></span>epa<span class=\"_ _4\"></span>id.</div>\n<div class=\"t m0 xe h6 y58 ff5 fs4 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Additional loans acquired thr<span class=\"_ _1\"></span>ough business combinations \u2013 USD 10.8 million</div>\n<div class=\"t m2f1 xe hb y59 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s a con<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>nce of t<span class=\"_ _4\"></span>he ac<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>sit<span class=\"_ _4\"></span>ion of t<span class=\"_ _4\"></span>he 50<span class=\"_ _4\"></span>% sha<span class=\"_ _4\"></span>re of So<span class=\"_ _4\"></span>laia Sh<span class=\"_ _4\"></span>ipp<span class=\"_ _4\"></span>ing L<span class=\"_ _4\"></span>LC from t<span class=\"_ _4\"></span>he joi<span class=\"_ _4\"></span>nt ven<span class=\"_ _4\"></span>ture p<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>tne<span class=\"_ _4\"></span>r SE<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m2f2 xe hb y5a ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">PE<span class=\"_ _4\"></span>AK (se<span class=\"_ _4\"></span>e Note 5 B<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>mbi<span class=\"_ _4\"></span>nati<span class=\"_ _4\"></span>ons a<span class=\"_ _4\"></span>nd ot<span class=\"_ _4\"></span>her s<span class=\"_ _4\"></span>hare d<span class=\"_ _4\"></span>eal<span class=\"_ _4\"></span>s) in Sep<span class=\"_ _4\"></span>tem<span class=\"_ _4\"></span>ber 2<span class=\"_ _4\"></span>022, E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R has ac<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>red a US<span class=\"_ _4\"></span>D</div>\n<div class=\"t m4f xe hb y5b ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">1<span class=\"_ _1\"></span>2.5 mill<span class=\"_ _4\"></span>ion lo<span class=\"_ _4\"></span>an. T<span class=\"_ _4\"></span>he ame<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>ed s<span class=\"_ _4\"></span>yn<span class=\"_ _4\"></span>dic<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d ban<span class=\"_ _4\"></span>k loa<span class=\"_ _4\"></span>n date<span class=\"_ _4\"></span>s fro<span class=\"_ _4\"></span>m De<span class=\"_ _4\"></span>cem<span class=\"_ _4\"></span>be<span class=\"_ _4\"></span>r 2021 and b<span class=\"_ _4\"></span>ear<span class=\"_ _4\"></span>s an int<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>st of L<span class=\"_ _4\"></span>IBOR</div>\n<div class=\"t m2f3 xe hb y5c ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">plu<span class=\"_ _4\"></span>s a marg<span class=\"_ _4\"></span>in of 2.5% and i<span class=\"_ _4\"></span>s rep<span class=\"_ _4\"></span>ayab<span class=\"_ _4\"></span>le in q<span class=\"_ _4\"></span>uar<span class=\"_ _7\"></span>ter<span class=\"_ _4\"></span>ly in<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tall<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts b<span class=\"_ _4\"></span>y end 2<span class=\"_ _4\"></span>023. In th<span class=\"_ _4\"></span>e fou<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>h quar<span class=\"_ _7\"></span>ter o<span class=\"_ _4\"></span>f 2022, Sol<span class=\"_ _4\"></span>aia</div>\n<div class=\"t m8 xe hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rep<span class=\"_ _4\"></span>aid US<span class=\"_ _4\"></span>D 2.5 millio<span class=\"_ _4\"></span>n.  </div>\n<div class=\"t m2f4 xe hb y5e ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">On N<span class=\"_ _4\"></span>ovemb<span class=\"_ _4\"></span>er 1<span class=\"_ _1\"></span>,<span class=\"_ _4\"></span>202<span class=\"_ _4\"></span>2 E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R obt<span class=\"_ _4\"></span>ain<span class=\"_ _4\"></span>ed f<span class=\"_ _4\"></span>ull co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ol over B<span class=\"_ _4\"></span>exco NV (s<span class=\"_ _4\"></span>ee al<span class=\"_ _4\"></span>so Not<span class=\"_ _4\"></span>e 5 Bus<span class=\"_ _4\"></span>ine<span class=\"_ _4\"></span>ss co<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>inat<span class=\"_ _4\"></span>ions a<span class=\"_ _4\"></span>nd</div>\n<div class=\"t m117 xe hb y5f ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">oth<span class=\"_ _4\"></span>er sh<span class=\"_ _4\"></span>are d<span class=\"_ _4\"></span>eals) an<span class=\"_ _4\"></span>d acq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d loa<span class=\"_ _4\"></span>ns of EUR 2.7 million o<span class=\"_ _4\"></span>r USD 2.8 millio<span class=\"_ _4\"></span>n, of whic<span class=\"_ _4\"></span>h EUR 1<span class=\"_ _1\"></span>.9 million s<span class=\"_ _4\"></span>hor<span class=\"_ _7\"></span>t ter<span class=\"_ _4\"></span>m</div>\n<div class=\"t m8 xe hb y60 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>aight l<span class=\"_ _4\"></span>oan<span class=\"_ _4\"></span>s. End 2<span class=\"_ _4\"></span>022, the c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>any re<span class=\"_ _4\"></span>pai<span class=\"_ _4\"></span>d USD 2.0 millio<span class=\"_ _4\"></span>n and ha<span class=\"_ _4\"></span>s an ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ndin<span class=\"_ _4\"></span>g bala<span class=\"_ _4\"></span>nce of US<span class=\"_ _4\"></span>D 0.8 millio<span class=\"_ _4\"></span>n.</div>\n<div class=\"t m0 xe h6 y506 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Othe<span class=\"_ _4\"></span>r loans</div>\n\n<div class=\"t m0 xe h6 y77 ff5 fs4 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">NOK 650.0 million bond - USD 0 million (2021: USD 71.3 million)</div>\n<div class=\"t m8 xe hb y63 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">In t<span class=\"_ _4\"></span>he \ufb01r<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t quar<span class=\"_ _7\"></span>te<span class=\"_ _4\"></span>r of 2022, E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R rep<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>ed a n<span class=\"_ _4\"></span>omin<span class=\"_ _4\"></span>al amo<span class=\"_ _4\"></span>unt of N<span class=\"_ _4\"></span>OK 1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3.0 millio<span class=\"_ _4\"></span>n or USD 1<span class=\"_ _3\"></span>2.<span class=\"_ _3\"></span>7 millio<span class=\"_ _4\"></span>n of th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m25e xe hb y64 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">se<span class=\"_ _4\"></span>nior u<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>red b<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>d is<span class=\"_ _4\"></span>sue<span class=\"_ _4\"></span>d by E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R Net<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>rla<span class=\"_ _4\"></span>nds BV a<span class=\"_ _4\"></span>nd re<span class=\"_ _4\"></span>pai<span class=\"_ _4\"></span>d the r<span class=\"_ _4\"></span>emai<span class=\"_ _4\"></span>ning b<span class=\"_ _4\"></span>alan<span class=\"_ _4\"></span>ce of NOK 5<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>3.0 millio<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 xe hb y65 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(or USD 53.4 milli<span class=\"_ _4\"></span>on) upo<span class=\"_ _4\"></span>n mat<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y en<span class=\"_ _4\"></span>d May 202<span class=\"_ _4\"></span>2. The b<span class=\"_ _4\"></span>ond<span class=\"_ _4\"></span>s had a c<span class=\"_ _4\"></span>oup<span class=\"_ _4\"></span>on of t<span class=\"_ _4\"></span>hre<span class=\"_ _4\"></span>e<span class=\"_ _4\"></span>-m<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>h NIBOR p<span class=\"_ _4\"></span>lus 8.75<span class=\"_ _3\"></span>%.</div>\n<div class=\"t m2f5 xe hb y79 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e NOK<span class=\"_ _7\"></span>/USD e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>ure w<span class=\"_ _4\"></span>as cover<span class=\"_ _4\"></span>ed by f<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>ard c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s: NOK 240 mi<span class=\"_ _4\"></span>llion f<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>ard<span class=\"_ _4\"></span>s wer<span class=\"_ _4\"></span>e pur<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d in 2021 an<span class=\"_ _4\"></span>d</div>\n<div class=\"t m2f6 xe hb y66 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">an ad<span class=\"_ _4\"></span>di<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>nal am<span class=\"_ _4\"></span>ount o<span class=\"_ _4\"></span>f NOK 285.4 millio<span class=\"_ _4\"></span>n (also c<span class=\"_ _4\"></span>over<span class=\"_ _4\"></span>ing in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t rep<span class=\"_ _4\"></span>ayme<span class=\"_ _4\"></span>nt) w<span class=\"_ _4\"></span>as co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>ted e<span class=\"_ _4\"></span>arl<span class=\"_ _4\"></span>y 2022 fo<span class=\"_ _4\"></span>r a tot<span class=\"_ _4\"></span>al</div>\n<div class=\"t m8 xe hb y67 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">valu<span class=\"_ _4\"></span>e of USD 57<span class=\"_ _2\"></span>.4 milli<span class=\"_ _4\"></span>on.</div>\n<div class=\"t m2f7 xe hb y68 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">End 2021<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>his re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>ted in a f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue g<span class=\"_ _4\"></span>ain of USD 0.9 million, howe<span class=\"_ _4\"></span>ver in 202<span class=\"_ _4\"></span>2 a los<span class=\"_ _4\"></span>s of USD 2.6 mill<span class=\"_ _4\"></span>ion w<span class=\"_ _4\"></span>as reali<span class=\"_ _4\"></span>zed</div>\n<div class=\"t m2f8 xe hb y69 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">on t<span class=\"_ _4\"></span>he se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>tle<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>ese f<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>ard<span class=\"_ _4\"></span>s, bu<span class=\"_ _4\"></span>t was o<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>set by t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>alize<span class=\"_ _4\"></span>d fore<span class=\"_ _4\"></span>ign c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>cy g<span class=\"_ _4\"></span>ain u<span class=\"_ _4\"></span>pon r<span class=\"_ _4\"></span>epay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y6a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">bo<span class=\"_ _4\"></span>nd (se<span class=\"_ _4\"></span>e als<span class=\"_ _4\"></span>o Note 1<span class=\"_ _3\"></span>2 Fina<span class=\"_ _4\"></span>nce i<span class=\"_ _4\"></span>ncom<span class=\"_ _4\"></span>e/expe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d Note 32 Fi<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial r<span class=\"_ _4\"></span>isk<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d \ufb01nan<span class=\"_ _4\"></span>cial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s).</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 212px; height: 168px; width: 90%; z-index: 4;\"></div>\n\n<div class=\"t m0 xe h6 y6b ff5 fs4 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Sequoia facility agreement \u2013 USD 0 million (2021: USD 0 million)</div>\n<div class=\"t m2f9 xe hb y6c ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">On N<span class=\"_ _4\"></span>ovemb<span class=\"_ _4\"></span>er 1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>, 2021<span class=\"_ _1\"></span>, E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R sig<span class=\"_ _4\"></span>ned a t<span class=\"_ _4\"></span>hre<span class=\"_ _4\"></span>e-<span class=\"_ _4\"></span>year f<span class=\"_ _4\"></span>acili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y agr<span class=\"_ _4\"></span>eem<span class=\"_ _4\"></span>ent of u<span class=\"_ _4\"></span>p to USD 50.0 milli<span class=\"_ _4\"></span>on wi<span class=\"_ _4\"></span>th Se<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>oia Eco<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m2fa xe hb y6d ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">nom<span class=\"_ _4\"></span>ic Inf<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>re In<span class=\"_ _4\"></span>come Fu<span class=\"_ _4\"></span>nd (SEQI) w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h an ap<span class=\"_ _4\"></span>plic<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate of L<span class=\"_ _4\"></span>IBOR pl<span class=\"_ _4\"></span>us a mar<span class=\"_ _4\"></span>gin b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>we<span class=\"_ _4\"></span>en 7<span class=\"_ _2\"></span>.0<span class=\"_ _4\"></span>% and</div>\n<div class=\"t m2fb xe hb y6e ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">8.7<span class=\"_ _1\"></span>5%, d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>ding o<span class=\"_ _4\"></span>n net l<span class=\"_ _4\"></span>ever<span class=\"_ _4\"></span>age. T<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>acili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y was n<span class=\"_ _4\"></span>ot us<span class=\"_ _4\"></span>ed in 2<span class=\"_ _4\"></span>021<span class=\"_ _1\"></span>, but w<span class=\"_ _4\"></span>as dr<span class=\"_ _4\"></span>aw<span class=\"_ _4\"></span>n up<span class=\"_ _4\"></span>on in M<span class=\"_ _4\"></span>ay 2022 to r<span class=\"_ _4\"></span>epay t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m2fc xe hb y6f ff1 fs9 fc2 sc0 ls11 wsd\" style=\"z-index: 15;\">NOK 6<span class=\"_ _4\"></span>50 millio<span class=\"_ _4\"></span>n bo<span class=\"_ _4\"></span>nd (se<span class=\"_ _4\"></span>e ab<span class=\"_ _4\"></span>ove)<span class=\"_ _3\"></span>. The s<span class=\"_ _4\"></span>ale of 10<span class=\"_ _4\"></span>0% of t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s of E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>t LNG, ow<span class=\"_ _4\"></span>ning c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>any of T<span class=\"_ _1\"></span>A<span class=\"_ _4\"></span>NGO FLN<span class=\"_ _4\"></span>G</div>\n<div class=\"t m8 xe hb y70 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(se<span class=\"_ _4\"></span>e also a<span class=\"_ _4\"></span>bove); tr<span class=\"_ _4\"></span>igg<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>d a rep<span class=\"_ _4\"></span>aym<span class=\"_ _4\"></span>ent an<span class=\"_ _4\"></span>d ter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>natio<span class=\"_ _4\"></span>n of th<span class=\"_ _4\"></span>is cre<span class=\"_ _4\"></span>di<span class=\"_ _4\"></span>t fac<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y, which o<span class=\"_ _4\"></span>cc<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>red o<span class=\"_ _4\"></span>n Aug<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>t 29<span class=\"_ _1\"></span>, 2022.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 96px; height: 1035px; width: 92%; z-index: 3;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 96px; height: 1035px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 96px; height: 1035px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div></div>\n\n<div class=\"t m0 x1 h6 SeceVJK_260 SeceVJK_23 fs4 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Pressurized fleet - USD 19.2 million (2021: USD 26.5 million)</div>\n<div class=\"t m8 x1 hb y42 SeceVJK_22 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">The other loans comprise the outstanding equit<span class=\"_ SeceVJK_101\"></span>y par<span class=\"_ SeceVJK_101\"></span>t of the JOLCO (Japanese Operating Lease with Call Option)</div>\n<div class=\"t m2fd x1 hb y7e SeceVJK_22 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">financing. As mentioned above, EXMAR has exercised the early buy-<span class=\"_ SeceVJK_101\"></span>out option for three vessels and transferred</div>\n<div class=\"t m2fe x1 hb y7f SeceVJK_22 fs9 fc2 sc0 ls23 wsf\" style=\"z-index: 15;\">the related debt por<span class=\"_ SeceVJK_101\"></span>tion (USD 7.6 million) to shor<span class=\"_ SeceVJK_101\"></span>t-term bank loans. At year-end 2022, the outstanding balance</div>\n<div class=\"t m8 x1 hb y43 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amounts to USD 19.2 million.</div>\n<div class=\"t m2ff x1 hb y80 SeceVJK_22 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">Management assumes to exercise the purchase options of the seven other vessels before or at the end of the lease,</div>\n<div class=\"t m8 x1 hb y81 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">which will then result in an additional cash out of USD 9.3 million.</div>\n<div class=\"t m0 x1 h6 y201 SeceVJK_24 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Available credit facilities</div>\n<div class=\"t m8 x1 hb y85 SeceVJK_22 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">In May 2020, EXMAR obtained a revolving credit facilit<span class=\"_ SeceVJK_101\"></span>y of EUR 18.0 million from Belgian financial institutions with</div>\n<div class=\"t SeceVJK_54 x1 hb y86 SeceVJK_22 fs9 fc2 sc0 ls17 wsb\" style=\"word-spacing: 0px; z-index: 15;\">maturit<span class=\"_ SeceVJK_101\"></span>y date Februar<span class=\"_ SeceVJK_101\"></span>y 1, 2022 at an interest rate of EURIBOR three-month plus 2.0% margin. This facilit<span class=\"_ SeceVJK_101\"></span>y was</div>\n<div class=\"t m8 x1 hb y87 SeceVJK_22 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">extended until June 2024 and can be increased up to USD 30.0 million. EXMAR did not draw upon this facility per</div>\n<div class=\"t m8 x1 hb yd7 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">end 2021 and 2022.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 921px; height: 235px; width: 92%; z-index: 3;\"></div>\n\n<div class=\"t m0 x1 h6 SeceVJK_240 SeceVJK_24 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Other information</div>\n<div class=\"t SeceVJK_31 x1 hb yd8 SeceVJK_22 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">On December 16, 2022 EXMAR Shipping BV, a major equity accounted investee, signed a senior sustainabilit<span class=\"_ SeceVJK_101\"></span>y linked</div>\n<div class=\"t m1b5 x1 hb y8b SeceVJK_22 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">facility with a consor<span class=\"_ SeceVJK_101\"></span>tium of banks in the amount of USD 450.0 million, comprising a revolving credit facilit<span class=\"_ SeceVJK_101\"></span>y of USD</div>\n<div class=\"t m8 x1 hb y4a SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">310.0 million and a term loan facility of USD 140.0 million.\ue61d</div>\n<div class=\"t SeceVJK_35 x1 hb y4b SeceVJK_22 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">The facility ser<span class=\"_ SeceVJK_101\"></span>ved the purpose of refinancing the existing revolving facilit<span class=\"_ SeceVJK_101\"></span>y of USD 310.0 million, maturing at the end</div>\n<div class=\"t SeceVJK_37 x1 hb y4c SeceVJK_22 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">of 2023, and to refinance the Japanese lease liabilities. The loan matures 5 years af<span class=\"_ SeceVJK_101\"></span>ter signing date. As of December</div>\n<div class=\"t m8 x1 hb y4d SeceVJK_22 fs9 fc2 sc0 ls2 ws3a\" style=\"word-spacing: -0.5px; z-index: 15;\">31, 2022, EXMAR Shipping BV had drawn USD 280.0 million of the revolving credit facilit<span class=\"_ SeceVJK_101\"></span>y and USD 70.0 million of</div>\n<div class=\"t m8 x1 hb y1a5 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">the term loan. We also refer to Note 39 Subsequent events.</div>\n<div class=\"t m301 x1 hb y72 SeceVJK_22 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">In general, the borrowings held by EXMAR and its equity accounted investees are secured by a mortgage on the</div>\n<div class=\"t m24c x1 hb y4f SeceVJK_22 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">underlying assets owned by EXMAR and its equity accounted investees. Fur<span class=\"_ SeceVJK_101\"></span>thermore, dif<span class=\"_ SeceVJK_101\"></span>ferent pledges and other</div>\n<div class=\"t SeceVJK_53 x1 hb y50 SeceVJK_22 fs9 fc2 sc0 ls17 wsb\" style=\"z-index: 15;\">types of guarantees exist to secure the borrowings. In addition, dividend restric<span class=\"_ SeceVJK_101\"></span>tions are included as a special</div>\n<div class=\"t m2b x1 hb y51 SeceVJK_22 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">covenant in the terms of the bond. E<span class=\"_ SeceVJK_101\"></span>XMAR shall not declare or make any dividend payment or distribution, whether</div>\n<div class=\"t SeceVJK_29 x1 hb y52 SeceVJK_22 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">in cash or in kind, that in aggregate exceed 50% of the consolidated net profit after tax (propor<span class=\"_ SeceVJK_101\"></span>tionate consolidation)</div>\n<div class=\"t SeceVJK_34 x1 hb y53 SeceVJK_22 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">based on the audited consolidated financial statements for the previous financial year. EXMAR has pledged financial</div>\n<div class=\"t m8 x1 hb y54 SeceVJK_22 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">assets as collateral for liabilities.</div>\n<div class=\"t m0 x1 h6 y1dd SeceVJK_24 fs4 fc1 sc0 ls4d ws53\" style=\"z-index: 15;\">Covenants</div>\n<div class=\"t SeceVJK_33 x1 hb y57 SeceVJK_22 fs9 fc2 sc0 ls10 wsd\" style=\"word-spacing: 0px; z-index: 15;\">Dif<span class=\"_ SeceVJK_101\"></span>ferent debt covenants exist that require compliance with cer<span class=\"_ SeceVJK_101\"></span>tain financial ratio\u2019s. These ratios are calculated semi-</div>\n<div class=\"t m306 x1 hb y58 SeceVJK_22 fs9 fc2 sc0 ls12 wsd\" style=\"word-spacing: 0px; z-index: 15;\">annually based on E<span class=\"_ SeceVJK_101\"></span>XMAR\u2019s consolidated figures in which equit<span class=\"_ SeceVJK_101\"></span>y accounted investees are not accounted for under</div>\n<div class=\"t m8 x1 hb y59 SeceVJK_22 fs9 fc2 sc0 ls2 ws1c\" style=\"z-index: 15;\">IFRS 11 but still on a propor<span class=\"_ SeceVJK_101\"></span>tionate basis (similar to accounting policies used for segment repor<span class=\"_ SeceVJK_101\"></span>ting purposes). We</div>\n<div class=\"t m8 x1 hb y1f9 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">refer to the table below for an over<span class=\"_ SeceVJK_101\"></span>view of the applicable covenants.</div>\n<div class=\"t m8 x1 hd SeceVJK_209 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">APPLICABLE COVENANTS</div>\n<div class=\"t m8 x1 hd SeceVJK_205 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Ratio</div>\n<div class=\"t m8 x8c hd SeceVJK_206 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Pressurized</div>\n<div class=\"t m8 x8d hd SeceVJK_203 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">facility</div>\n<div class=\"t m8 x8e hd SeceVJK_206 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Credit</div>\n<div class=\"t m8 SeceVJK_289 hd SeceVJK_203 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">facilities (1)</div>\n<div class=\"t m8 x8f hd SeceVJK_205 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other (2)</div>\n<div class=\"t m8 x90 hd SeceVJK_207 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Actual</div>\n<div class=\"t m8 SeceVJK_303 hd SeceVJK_205 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31,</div>\n<div class=\"t m8 SeceVJK_306 hd SeceVJK_202 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022 (3)</div>\n<div class=\"t m8 SeceVJK_314 hd SeceVJK_207 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Actual</div>\n<div class=\"t m8 x91 hd SeceVJK_205 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31,</div>\n<div class=\"t m8 x92 hd SeceVJK_202 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2021 (3)</div>\n<div class=\"t m8 x1 hc SeceVJK_197 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Minimum Book equity</div>\n<div class=\"t m8 SeceVJK_281 hc SeceVJK_198 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2265 USD 300</div>\n<div class=\"t m8 x93 hc SeceVJK_196 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">million</div>\n<div class=\"t m8 x94 hc SeceVJK_198 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2265 USD 300</div>\n<div class=\"t m8 x8e hc SeceVJK_196 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">million</div>\n<div class=\"t m8 SeceVJK_295 hc SeceVJK_200 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2265 $300m + 50%</div>\n<div class=\"t m8 SeceVJK_296 hc SeceVJK_197 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of net positive</div>\n<div class=\"t m8 SeceVJK_300 hc SeceVJK_195 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">income</div>\n<div class=\"t m8 SeceVJK_305 hc SeceVJK_198 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD 796.4</div>\n<div class=\"t m8 x90 hc SeceVJK_196 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">million</div>\n<div class=\"t m8 x95 hc SeceVJK_198 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD 536.5</div>\n<div class=\"t m8 SeceVJK_314 hc SeceVJK_196 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">million</div>\n<div class=\"t m8 x1 hc SeceVJK_192 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Minimum free cash</div>\n<div class=\"t m8 x96 hc SeceVJK_193 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2265 USD 25</div>\n<div class=\"t m8 x93 hc SeceVJK_190 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">million</div>\n<div class=\"t m8 x97 hc SeceVJK_193 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2265 USD 20</div>\n<div class=\"t m8 x8e hc SeceVJK_190 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">million</div>\n<div class=\"t m8 SeceVJK_299 hc SeceVJK_193 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2265 USD 40</div>\n<div class=\"t m8 x98 hc SeceVJK_190 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">million</div>\n<div class=\"t m8 SeceVJK_305 hc SeceVJK_193 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD 547.4</div>\n<div class=\"t m8 x90 hc SeceVJK_190 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">million</div>\n<div class=\"t m8 x95 hc SeceVJK_193 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD 107.1</div>\n<div class=\"t m8 SeceVJK_314 hc SeceVJK_190 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">million</div>\n<div class=\"t m8 x1 hc SeceVJK_189 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity ratio (Equity/Total assets)<span class=\"_ SeceVJK_121\"> </span>\u2265 25%<span class=\"_ SeceVJK_117\"> </span>NA<span class=\"_ SeceVJK_117\"> </span>NA<span class=\"_ SeceVJK_110\"> </span>59.10%<span class=\"_ SeceVJK_110\"> </span>45.39%</div>\n<div class=\"t m8 x1 hc SeceVJK_187 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net Interest-Bearing Debt or NIBD/</div>\n<div class=\"t m8 x1 hc SeceVJK_184 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">equity (4)</div>\n<div class=\"t m8 SeceVJK_286 hc SeceVJK_186 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">NA<span class=\"_ SeceVJK_117\"> </span>NA<span class=\"_ SeceVJK_117\"> </span>NA<span class=\"_ SeceVJK_117\"> </span>NA<span class=\"_ SeceVJK_116\"> </span>0.97</div>\n<div class=\"t m8 x1 hc SeceVJK_180 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest Coverage ratio (4)<span class=\"_ _217\"> </span>NA<span class=\"_ SeceVJK_117\"> </span>NA<span class=\"_ SeceVJK_117\"> </span>NA<span class=\"_ SeceVJK_117\"> </span>NA<span class=\"_ SeceVJK_116\"> </span>4.72</div>\n<div class=\"t m8 x1 hc SeceVJK_176 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Working capital<span class=\"_ SeceVJK_126\"> </span>min positive<span class=\"_ SeceVJK_105\"> </span>min positive<span class=\"_ SeceVJK_105\"> </span>min positive</div>\n<div class=\"t m8 SeceVJK_305 hc SeceVJK_178 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD 570.1</div>\n<div class=\"t m8 x90 hc SeceVJK_175 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">million</div>\n<div class=\"t m8 x95 hc SeceVJK_178 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD 146.1</div>\n<div class=\"t m8 SeceVJK_314 hc SeceVJK_175 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">million</div>\n<div class=\"t m8 x1 hc SeceVJK_173 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net financial indebtedness ratio<span class=\"_ _219\"> </span>NA<span class=\"_ SeceVJK_112\"> </span>&lt; 70%<span class=\"_ SeceVJK_117\"> </span>NA<span class=\"_ SeceVJK_109\"> </span>-14.04%<span class=\"_ SeceVJK_110\"> </span>49.56%</div>\n<div class=\"t m8 x1 hc SeceVJK_171 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Outstanding loan amount (in thousands</div>\n<div class=\"t m8 x1 hc SeceVJK_169 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of USD)</div>\n<div class=\"t m8 x99 hc SeceVJK_170 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">61,752<span class=\"_ SeceVJK_119\"> </span>-\ue61e<span class=\"_ SeceVJK_111\"> </span>10,000</div>\n<div class=\"t m8 x1 h14 SeceVJK_167 SeceVJK_26 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(1) <span class=\"_ SecVUZO_75\"> </span>In 2022, relates to the EUR credit facility, while 2021 also included the Sequoia USD facility.</div>\n<div class=\"t m8 x1 h14 SeceVJK_165 SeceVJK_26 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(2) <span class=\"_ SecVUZO_75\"> </span>Other includes the financing of the EXCALIBUR and furthermore also loan amounts which are included in the proportionate consolidation but not in the equity</div>\n<div class=\"t m8 x8b h14 SeceVJK_164 SeceVJK_26 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">consolidation for which covenants are calculated based on EXMAR Group data and consequently the outstanding balance for this covenant is not included in</div>\n<div class=\"t m8 x8b h14 SeceVJK_162 SeceVJK_26 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">the outstanding loan amount above. The outstanding loan amount for this covenant in our proportionate consolidation amounts to USD 0 million in 2022 and</div>\n<div class=\"t m8 x8b h14 SeceVJK_161 SeceVJK_26 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD 8.8 million in 2021.</div>\n<div class=\"t m8 x1 h14 SeceVJK_160 SeceVJK_26 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(3) <span class=\"_ SecVUZO_75\"> </span>The actual amounts presented are based on the most restrictive definitions.</div>\n<div class=\"t m8 x1 h14 SeceVJK_159 SeceVJK_26 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(4) <span class=\"_ SecVUZO_75\"> </span>These ratios are no longer applicable in 2022 as they related to the TANGO FNLG facility, the NOK bond and Sequoia credit facility, which were repaid/</div>\n<div class=\"t m8 x8b h14 SeceVJK_157 SeceVJK_26 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">terminated during 2022 (see above).</div>\n<div class=\"t m8 x1 hb y6e SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Explanation of the major definitions applied in the covenant calculations:</div>\n<div class=\"t m8 x1 hb y211 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m306 SeceVJK_278 hb y6f SeceVJK_22 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Free cash: cash in hand (excluding pledged or blocked cash), time deposits and, in cer<span class=\"_ SeceVJK_101\"></span>tain covenant<span class=\"_ SeceVJK_101\"></span>s, including</div>\n<div class=\"t m8 SeceVJK_278 hb y70 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">undrawn credit facilities with minimum six months to maturity;</div>\n<div class=\"t m8 x1 hb SeceVJK_152 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Interest coverage ratio: EBITDA divided by net interest expense of the financial period;</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 80px; height: 1076px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 80px; height: 1076px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m8 xe hb SeceVJK_260 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t SeceVJK_30 x3f hb SeceVJK_260 SeceVJK_22 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">Book equity: equit<span class=\"_ SeceVJK_101\"></span>y excluding treasur<span class=\"_ SeceVJK_101\"></span>y shares and the ef<span class=\"_ SeceVJK_101\"></span>fec<span class=\"_ SeceVJK_101\"></span>t of any impairment of intangible assets and the ef<span class=\"_ SeceVJK_101\"></span>fec<span class=\"_ SeceVJK_101\"></span>t</div>\n<div class=\"t m8 x3f hb y42 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of fair value changes of any financial derivative;</div>\n<div class=\"t m8 xe hb SeceVJK_258 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m307 x3f hb y7e SeceVJK_22 fs9 fc2 sc0 ls1b wsd\" style=\"word-spacing: 0px; z-index: 15;\">Net interest-bearing debt: consolidated interest-bearing financial indebtness less free cash (and in one covenant</div>\n<div class=\"t m8 x3f hb y7f SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">also less restricted cash used as debt collateral)</div>\n<div class=\"t m8 xe hb y1fa SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t SeceVJK_52 x3f hb y43 SeceVJK_22 fs9 fc2 sc0 ls15 wsf\" style=\"margin-left: 2px; z-index: 15;\">Net interest expense interest cost (and including banking fees in cer<span class=\"_ SeceVJK_101\"></span>tain covenants) of the Group\u2019s interest-</div>\n<div class=\"t m8 x3f hb y80 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"word-spacing: 1.5px; z-index: 15;\">bearing debt less interest income of the Group including dividend received from financial assets held for sale;</div>\n<div class=\"t m8 xe hb y62a SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span><span class=\"ls22 ws15\">Working capital: current assets less current liabilities.</span></div>\n<div class=\"t SeceVJK_32 xe hb y83 SeceVJK_22 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">As of December 31, 2022 EXMAR was compliant with all covenants with sufficient headroom. EXMAR is continuously</div>\n<div class=\"t m8 xe hb y84 SeceVJK_22 fs9 fc2 sc0 ls2 ws3b\" style=\"z-index: 15;\">monitoring compliance with all applicable covenants in order to meet all covenants per June 2023 and December</div>\n<div class=\"t m8 xe hb y1e1 SeceVJK_22 fs9 fc2 sc0 ls1b ws1b\" style=\"z-index: 15;\">2023.</div>\n<div class=\"t m30b xe hb y86 SeceVJK_22 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">In case of non-compliance with these covenants, early repayment of related borrowings might be required and</div>\n<div class=\"t m8 xe hb y87 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">should therefore be accounted for as shor<span class=\"_ SeceVJK_101\"></span>t term debt.</div>\n<div class=\"t m8 xe hb yd7 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Following steps are to be taken in accordance with applicable agreements if a breach of covenant<span class=\"_ SeceVJK_101\"></span>s would occur:</div>\n<div class=\"t m8 xe hb yda SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span><span class=\"ws12\">Each borrower shall notify the Facility Agent of any Defaults (and the steps, if any, taken to remedy it) promptly </span></div>\n<div class=\"t m8 x3f hb SeceVJK_241 SeceVJK_22 fs9 fc2 sc0 ls31 ws3e\" style=\"z-index: 15;\">upon becoming aware of its occurrence.</div>\n<div class=\"t m8 xe hb SeceVJK_239 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m30c x3f hb y8a SeceVJK_22 fs9 fc2 sc0 ls11 wsc\" style=\"z-index: 15;\">Promptly, upon the request by the Facility Agent, the Borrower shall supply a certificate signed by t<span class=\"_ SeceVJK_101\"></span>wo of it<span class=\"_ SeceVJK_101\"></span>s direc-</div>\n<div class=\"t m2c3 x3f hb yd8 SeceVJK_22 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">tors cer<span class=\"_ SeceVJK_101\"></span>tif<span class=\"_ SeceVJK_101\"></span>ying that no Default is continuing, specif<span class=\"_ SeceVJK_101\"></span>ying the Default and the steps, if any, being taken to remedy it.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 855px; height: 301px; width: 94%; z-index: 2;\"><br/></div>\n\n\n<div class=\"t m0 xe h11 y4c SeceVJK_24 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 29 - SHARE BASED PAYMENTS</div>\n<div class=\"t m30d xe hb y4e SeceVJK_22 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">The Group established a share option plan program that entitles cer<span class=\"_ SeceVJK_101\"></span>tain employees to register for a number of</div>\n<div class=\"t m30e xe hb y72 SeceVJK_22 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">shares. The share options are only exercisable af<span class=\"_ SeceVJK_101\"></span>ter a period of three years and for employees still in ser<span class=\"_ SeceVJK_101\"></span>vice af<span class=\"_ SeceVJK_101\"></span>ter</div>\n<div class=\"t m8 xe hb y4f SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">this three year period. Each share option entitles the holder of the option to one EXMAR share.</div>\n<div class=\"t SeceVJK_28 xe hb y50 SeceVJK_22 fs9 fc2 sc0 ls11 wsd\" style=\"z-index: 15;\">The fair value of ser<span class=\"_ SeceVJK_101\"></span>vices received in return for share options granted are measured by reference to the exercise price</div>\n<div class=\"t m202 xe hb y51 SeceVJK_22 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">of the granted share options. The estimated fair value of the ser<span class=\"_ SeceVJK_101\"></span>vices received is measured based on a binomial</div>\n<div class=\"t m8 xe hb y52 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">lattice model. The contrac<span class=\"_ SeceVJK_101\"></span>tual life of the option is used as an input into this model.</div>\n<div class=\"t m8 xe hd y531 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Grant date fair value of share option and assumptions at inception<span class=\"_ _21a\"> </span>Plan 10\ue61e</div>\n<div class=\"t m8 xe hc y532 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Number of options outstanding at year-end<span class=\"_ SeceVJK_131\"> </span>321,250</div>\n<div class=\"t m8 xe hc y533 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fair value at grant date (in EUR)<span class=\"_ _21c\"> </span>3.21</div>\n<div class=\"t m8 xe hc y534 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share price at grant date (in EUR)<span class=\"_ _21d\"> </span>9.62</div>\n<div class=\"t m8 xe hc y535 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exercise price at inception (in EUR)<span class=\"_ SeceVJK_132\"> </span>9.62</div>\n<div class=\"t m8 xe hc y536 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Expected volatility (1)<span class=\"_ _21e\"> </span>40.70%</div>\n<div class=\"t m8 xe hc y537 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Option life at inception<span class=\"_ SeceVJK_135\"> </span>8 years</div>\n<div class=\"t m8 xe hc y538 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Maturity date<span class=\"_ _21f\"> </span>2023</div>\n<div class=\"t m8 xe hc y539 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Expected dividends<span class=\"_ _220\"> </span>0.3 eur/y</div>\n<div class=\"t m8 xe hc y53a SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Risk-free interest rate<span class=\"_ SeceVJK_138\"> </span>0.53%</div>\n<div class=\"t m8 xe h14 y53b SeceVJK_26 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(1) <span class=\"_ SecVUZO_75\"> </span>The expected volatility is based on the historical volatility (calculated based on the weighted average remaining life of the share options), adjusted for any</div>\n<div class=\"t m8 x3e h14 y53c SeceVJK_26 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">expected changes to future volatility due to publicly available information.</div>\n<div class=\"t m8 xe hb y75 SeceVJK_22 fs9 fc2 sc0 ls2 wsd\" style=\"word-spacing: 0.5px; z-index: 15;\">Plan 9 matured at the end of 2022 and the remaining 328,600 options for<span class=\"_ SeceVJK_101\"></span>feited. During 2022 and 2021 no options</div>\n<div class=\"t m8 xe hb y53d SeceVJK_22 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">were exercised, nor were any new plans granted.</div>\n<div class=\"t m8 x9a hd y53e SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _217\"> </span>2021</div>\n<div class=\"t m8 xe hd y53f SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Reconciliation of outstanding share options</div>\n<div class=\"t m8 x9b hd y540 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Number of</div>\n<div class=\"t m8 SeceVJK_288 hd y541 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">options</div>\n<div class=\"t m8 SeceVJK_295 hd y542 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Weighted</div>\n<div class=\"t m8 SeceVJK_297 hd y53f SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">average</div>\n<div class=\"t m8 x9c hd y543 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">exercise price</div>\n<div class=\"t m8 x9d hd y540 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Number of</div>\n<div class=\"t m8 SeceVJK_304 hd y541 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">options</div>\n<div class=\"t m8 SeceVJK_309 hd y542 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Weighted</div>\n<div class=\"t m8 x9e hd y53f SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">average</div>\n<div class=\"t m8 x9f hd y543 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">exercise price</div>\n<div class=\"t m8 xe hd y544 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Outstanding share options at 1 January<span class=\"_ _222\"> </span>651,850<span class=\"_ SeceVJK_113\"> </span>10.08<span class=\"_ _13e\"> </span>1,060,850<span class=\"_ SeceVJK_113\"> </span>10.25</div>\n<div class=\"t m8 xe hc y545 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">New options granted<span class=\"_ _223\"> </span>0<span class=\"_ SeceVJK_116\"> </span>0.00<span class=\"_ SeceVJK_118\"> </span>0<span class=\"_ SeceVJK_116\"> </span>0.00</div>\n<div class=\"t m8 xe hc y546 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the year</div>\n<div class=\"t m8 xe hc y547 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Options exercised<span class=\"_ SeceVJK_130\"> </span>0<span class=\"_ SeceVJK_116\"> </span>0.00<span class=\"_ SeceVJK_118\"> </span>0<span class=\"_ SeceVJK_116\"> </span>0.00</div>\n<div class=\"t m8 xe hc y548 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Options forfeited\ue61e<span class=\"_ SeceVJK_128\"> </span>-330,600<span class=\"_ SeceVJK_114\"> </span>10.53<span class=\"_ SeceVJK_108\"> </span>-409,000<span class=\"_ SeceVJK_114\"> </span>10.52</div>\n<div class=\"t m8 xe hd y549 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Outstanding share options at 31 December<span class=\"_ _224\"> </span>321,250<span class=\"_ SeceVJK_115\"> </span>9.62<span class=\"_ SeceVJK_107\"> </span>651,850<span class=\"_ SeceVJK_113\"> </span>10.08</div>\n<div class=\"t m8 xe hd y54a SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exercisable share options at 31 December<span class=\"_ SeceVJK_122\"> </span>321,250<span class=\"_ SeceVJK_115\"> </span>9.62<span class=\"_ SeceVJK_107\"> </span>651,850<span class=\"_ SeceVJK_113\"> </span>10.08</div>\n<div class=\"t m8 xe hb y6e SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">All remaining outstanding options at the end of December 2022 will expire in 2023.</div>\n<div class=\"t m8 xe hb y211 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">All plans have been fully expensed since 2018.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 113px; height: 696px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 113px; height: 1043px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1 h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 3<span class=\"_ _3\"></span>0 - EMP<span class=\"_ _1\"></span>LO<span class=\"_ _1\"></span>YEE BENEFITS</div>\n<div class=\"t m0 x1 h6 y1ba ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">De\ufb01ned bene\ufb01t plan and simil<span class=\"_ _4\"></span>ar liabilities</div>\n<div class=\"t m25e x1 hb y80 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p prov<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>s pe<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>on be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s for mo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t of it<span class=\"_ _4\"></span>s em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>es, ei<span class=\"_ _4\"></span>th<span class=\"_ _4\"></span>er dir<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>tl<span class=\"_ _4\"></span>y or t<span class=\"_ _4\"></span>hrou<span class=\"_ _4\"></span>gh a co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ib<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>on to an i<span class=\"_ _4\"></span>n<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m310 x1 hb y81 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">de<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>nt f<span class=\"_ _4\"></span>und. T<span class=\"_ _4\"></span>he p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>ion b<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>\ufb01t<span class=\"_ _4\"></span>s for m<span class=\"_ _4\"></span>anag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>af<span class=\"_ _4\"></span>f em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>fore J<span class=\"_ _4\"></span>anua<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y 1<span class=\"_ _1\"></span>, 20<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8 ar<span class=\"_ _4\"></span>e prov<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>d un<span class=\"_ _4\"></span>der</div>\n<div class=\"t m8 x1 hb y82 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">a de\ufb01<span class=\"_ _4\"></span>ned b<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>e\ufb01t p<span class=\"_ _4\"></span>lan. T<span class=\"_ _4\"></span>his pla<span class=\"_ _4\"></span>n is or<span class=\"_ _4\"></span>gani<span class=\"_ _4\"></span>zed as a \ufb01<span class=\"_ _4\"></span>nal pay p<span class=\"_ _4\"></span>rog<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>m.</div>\n<div class=\"t m311 x1 hb y83 ff1 fs9 fc2 sc0 ls11 wsd\" style=\"z-index: 15;\">For t<span class=\"_ _4\"></span>he ma<span class=\"_ _4\"></span>nage<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t, em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>d as f<span class=\"_ _4\"></span>rom Ja<span class=\"_ _4\"></span>nua<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y 1<span class=\"_ _1\"></span>, 20<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8, an<span class=\"_ _4\"></span>d emp<span class=\"_ _4\"></span>loyee<span class=\"_ _4\"></span>s pr<span class=\"_ _4\"></span>omot<span class=\"_ _4\"></span>ed to ma<span class=\"_ _4\"></span>nag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt as f<span class=\"_ _4\"></span>rom J<span class=\"_ _4\"></span>anua<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y</div>\n<div class=\"t m8 x1 hb y84 ff1 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">1<span class=\"_ _1\"></span>, 20<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8 and t<span class=\"_ _4\"></span>he ma<span class=\"_ _4\"></span>nag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt s<span class=\"_ _4\"></span>taf<span class=\"_ _7\"></span>f wh<span class=\"_ _4\"></span>o reac<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>d the a<span class=\"_ _4\"></span>ge of 60, t<span class=\"_ _4\"></span>he pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ion b<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>\ufb01t<span class=\"_ _4\"></span>s are p<span class=\"_ _4\"></span>rovi<span class=\"_ _4\"></span>ded u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>er a de<span class=\"_ _4\"></span>\ufb01ne<span class=\"_ _4\"></span>d</div>\n<div class=\"t m312 x1 hb y85 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n pla<span class=\"_ _4\"></span>n. Belg<span class=\"_ _4\"></span>ian d<span class=\"_ _4\"></span>e\ufb01ne<span class=\"_ _4\"></span>d con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n pla<span class=\"_ _4\"></span>ns are s<span class=\"_ _4\"></span>ubj<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t to t<span class=\"_ _4\"></span>he L<span class=\"_ _4\"></span>aw of A<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>il 28, 20<span class=\"_ _4\"></span>03 o<span class=\"_ _4\"></span>n sup<span class=\"_ _4\"></span>pl<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nta<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y</div>\n<div class=\"t m313 x1 hb y86 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">pe<span class=\"_ _4\"></span>nsio<span class=\"_ _4\"></span>ns (<span class=\"_ _4\"></span>WAP<span class=\"_ _4\"></span>). Accor<span class=\"_ _4\"></span>ding to a<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>cle 24 of thi<span class=\"_ _4\"></span>s law, the em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>r has to gu<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ante<span class=\"_ _4\"></span>e a \ufb01xe<span class=\"_ _4\"></span>d minim<span class=\"_ _4\"></span>um ret<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>n of 3.<span class=\"_ _4\"></span>25%</div>\n<div class=\"t m314 x1 hb y87 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">on e<span class=\"_ _4\"></span>mpl<span class=\"_ _4\"></span>oyer co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns an<span class=\"_ _4\"></span>d of 3.7<span class=\"_ _1\"></span>5% o<span class=\"_ _4\"></span>n emp<span class=\"_ _4\"></span>loyee c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rib<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s and t<span class=\"_ _4\"></span>his fo<span class=\"_ _4\"></span>r cont<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>bu<span class=\"_ _4\"></span>tion<span class=\"_ _4\"></span>s pai<span class=\"_ _4\"></span>d until D<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er</div>\n<div class=\"t m8 x1 hb y8c ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">3<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>, 201<span class=\"_ _1\"></span>5. A<span class=\"_ _4\"></span>s fr<span class=\"_ _4\"></span>om Jan<span class=\"_ _4\"></span>uar<span class=\"_ _7\"></span>y 201<span class=\"_ _1\"></span>6, the e<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>loyer ha<span class=\"_ _4\"></span>s to gua<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ntee a<span class=\"_ _4\"></span>n aver<span class=\"_ _4\"></span>age mi<span class=\"_ _4\"></span>nimu<span class=\"_ _4\"></span>m ret<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>n of 1<span class=\"_ _1\"></span>.75<span class=\"_ _3\"></span>% on b<span class=\"_ _4\"></span>oth e<span class=\"_ _4\"></span>m<span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y88 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ploye<span class=\"_ _4\"></span>r and e<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>loyee co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ib<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>ons (as c<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ged b<span class=\"_ _4\"></span>y the L<span class=\"_ _4\"></span>aw of D<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 1<span class=\"_ _3\"></span>8, 201<span class=\"_ _1\"></span>5).</div>\n<div class=\"t m315 x1 hb y89 ff1 fs9 fc2 sc0 ls24 wsd\" style=\"z-index: 15;\">Thi<span class=\"_ _4\"></span>s gua<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ntee<span class=\"_ _4\"></span>d mini<span class=\"_ _4\"></span>mum re<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>n g<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>lly exce<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>s th<span class=\"_ _4\"></span>e ret<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>n tha<span class=\"_ _4\"></span>t is nor<span class=\"_ _4\"></span>ma<span class=\"_ _4\"></span>lly gu<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ante<span class=\"_ _4\"></span>ed by t<span class=\"_ _4\"></span>he in<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>er<span class=\"_ _1\"></span>. B<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>aus<span class=\"_ _4\"></span>e th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m308 x1 hb y8a ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">em<span class=\"_ _4\"></span>ployer h<span class=\"_ _4\"></span>as to gu<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ante<span class=\"_ _4\"></span>e the s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atu<span class=\"_ _4\"></span>tor<span class=\"_ _7\"></span>y mini<span class=\"_ _4\"></span>mum re<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>n o<span class=\"_ _4\"></span>n the<span class=\"_ _4\"></span>se p<span class=\"_ _4\"></span>lans, n<span class=\"_ _4\"></span>ot all ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>uar<span class=\"_ _4\"></span>ial a<span class=\"_ _4\"></span>nd inves<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t ris<span class=\"_ _4\"></span>k<span class=\"_ _4\"></span>s relat<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m316 x1 hb yd8 ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">ing to t<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>se pl<span class=\"_ _4\"></span>ans ar<span class=\"_ _4\"></span>e tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ed to t<span class=\"_ _4\"></span>he ins<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ce com<span class=\"_ _4\"></span>pany m<span class=\"_ _4\"></span>anag<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he pla<span class=\"_ _4\"></span>ns. T<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>efor<span class=\"_ _4\"></span>e, thes<span class=\"_ _4\"></span>e plan<span class=\"_ _4\"></span>s do no<span class=\"_ _4\"></span>t meet<span class=\"_ _4\"></span> </div>\n<div class=\"t m317 x1 hb y8b ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e de\ufb01n<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n of de\ufb01<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>d cont<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>but<span class=\"_ _4\"></span>ion p<span class=\"_ _4\"></span>lan un<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>r IFRS an<span class=\"_ _4\"></span>d have to be c<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si\ufb01<span class=\"_ _4\"></span>ed by d<span class=\"_ _4\"></span>efa<span class=\"_ _4\"></span>ult as d<span class=\"_ _4\"></span>e\ufb01n<span class=\"_ _4\"></span>ed b<span class=\"_ _4\"></span>ene\ufb01<span class=\"_ _4\"></span>t pla<span class=\"_ _4\"></span>ns.</div>\n<div class=\"t m318 x1 hb y4a ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">An a<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>aria<span class=\"_ _4\"></span>l cal<span class=\"_ _4\"></span>cul<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n has b<span class=\"_ _4\"></span>een p<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>d in ac<span class=\"_ _4\"></span>cor<span class=\"_ _4\"></span>danc<span class=\"_ _4\"></span>e wit<span class=\"_ _4\"></span>h IA<span class=\"_ _4\"></span>S 1<span class=\"_ _1\"></span>9 ba<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d on t<span class=\"_ _4\"></span>he pr<span class=\"_ _4\"></span>ojec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed uni<span class=\"_ _4\"></span>t cre<span class=\"_ _4\"></span>di<span class=\"_ _4\"></span>t met<span class=\"_ _4\"></span>hod.</div>\n<div class=\"t m0 x1 h6 y1fd ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Employee bene\ufb01ts</div>\n<div class=\"t m8 x1 hd y54b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _77\"> </span>2022<span class=\"_ _1e7\"> </span>2021<span class=\"_ _1e7\"> </span>2020<span class=\"_ _1e7\"> </span>2019<span class=\"_ _137\"> </span>2018<span class=\"_ _1e7\"> </span>2017</div>\n<div class=\"t m8 x1 hd y54c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">DEFINED BENEFIT PLANS</div>\n<div class=\"t m8 x1 hc y54d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Present value of funded obligations<span class=\"_ _20\"> </span>-7,523<span class=\"_ _1cd\"> </span>-9,631<span class=\"_ _1c7\"> </span>-10,969<span class=\"_ _1c7\"> </span>-11,535<span class=\"_ _1c8\"> </span>-11,697<span class=\"_ _1c7\"> </span>-12,072</div>\n<div class=\"t m8 x1 hc y54e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fair value of the de\ufb01ned plan assets<span class=\"_ _cf\"> </span>6,601<span class=\"_ _137\"> </span>9,017<span class=\"_ _137\"> </span>9,408<span class=\"_ _137\"> </span>8,839<span class=\"_ _137\"> </span>7,626<span class=\"_ _137\"> </span>7,361</div>\n<div class=\"t m8 x1 hc y54f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Present value of net obligations<span class=\"_ _ce\"> </span>-922<span class=\"_ _ac\"> </span>-614<span class=\"_ _1d2\"> </span>-1,561<span class=\"_ _107\"> </span>-2,696<span class=\"_ _1cd\"> </span>-4,072<span class=\"_ _1cd\"> </span>-4,711</div>\n<div class=\"t m8 x1 hd y550 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">BELGIAN DEFINED CONTRIBUTION PLAN</div>\n<div class=\"t m8 x1 hd y551 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">WITH GUARANTEED RETURN</div>\n<div class=\"t m8 x1 hc y552 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Present value of funded obligations<span class=\"_ _20\"> </span>-5,690<span class=\"_ _1cd\"> </span>-8,102<span class=\"_ _1cd\"> </span>-9,559<span class=\"_ _1cd\"> </span>-5,340<span class=\"_ _1cd\"> </span>-4,703<span class=\"_ _107\"> </span>-3,313</div>\n<div class=\"t m8 x1 hc y553 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fair value of the de\ufb01ned plan assets<span class=\"_ _cf\"> </span>5,571<span class=\"_ _137\"> </span>7,986<span class=\"_ _137\"> </span>9,405<span class=\"_ _137\"> </span>6,438<span class=\"_ _137\"> </span>4,609<span class=\"_ _137\"> </span>3,198</div>\n<div class=\"t m8 x1 hc y554 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Present value of net (obligations) assets<span class=\"_ _1d8\"> </span>-119<span class=\"_ _8b\"> </span>-116<span class=\"_ _ac\"> </span>-154<span class=\"_ _137\"> </span>1,099<span class=\"_ _9c\"> </span>-94<span class=\"_ _ac\"> </span>-115</div>\n<div class=\"t m8 x1 hd y555 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal employee bene\ufb01ts<span class=\"_ _225\"> </span>-1,041<span class=\"_ _e5\"> </span>-730<span class=\"_ _1e5\"> </span>-1,715<span class=\"_ _1d7\"> </span>-1,597<span class=\"_ _1d7\"> </span>-4,166<span class=\"_ _1e5\"> </span>-4,826</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 530px; height: 609px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 530px; height: 609px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 xe h6 y1d6 SecUhHj_23 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Defined benefit plan</div>\n<div class=\"t m8 xe hd y30e SecUhHj_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ SecVUZO_90\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hd y556 SecUhHj_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">CHANGES IN LIABILITIES DURING THE PERIOD (1)</div>\n<div class=\"t m8 xe hd y557 SecUhHj_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Liability as per 1 January<span class=\"_ SecUhHj_59\"> </span>17,733<span class=\"_ _54\"> </span>20,528</div>\n<div class=\"t m8 xe hc y558 SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Distributions<span class=\"_ _226\"> </span>-979<span class=\"_ _46\"> </span>-1,623</div>\n<div class=\"t m8 xe hc y559 SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Actual employee's contributions<span class=\"_ SecUhHj_57\"> </span>190<span class=\"_ _25\"> </span>195</div>\n<div class=\"t m8 xe hc y55a SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expense<span class=\"_ SecUhHj_69\"> </span>147<span class=\"_ _1c\"> </span>76</div>\n<div class=\"t m8 xe hc y55b SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current service cost<span class=\"_ _227\"> </span>515<span class=\"_ _25\"> </span>719</div>\n<div class=\"t m8 xe hc y55c SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Actual taxes on contributions paid (excluding interest)<span class=\"_ SecUhHj_51\"> </span>-116<span class=\"_ _4c\"> </span>-128</div>\n<div class=\"t m8 xe hc y55d SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Actuarial gains/losses<span class=\"_ SecUhHj_63\"> </span>-3,207<span class=\"_ _4c\"> </span>-513</div>\n<div class=\"t m8 xe hc y55e SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differences<span class=\"_ SecUhHj_64\"> </span>-1,070<span class=\"_ _46\"> </span>-1,521</div>\n<div class=\"t m8 xe hd y55f SecUhHj_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Liability as per 31 December<span class=\"_ SecUhHj_55\"> </span>13,213<span class=\"_ _54\"> </span>17,733</div>\n<div class=\"t m8 xe hd SecUhHj_106 SecUhHj_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">CHANGES OF FAIR VALUE OF PLAN ASSETS (1)</div>\n<div class=\"t m8 xe hd y561 SecUhHj_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Plan assets as per 1 January<span class=\"_ SecUhHj_56\"> </span>17,003<span class=\"_ _54\"> </span>18,813</div>\n<div class=\"t m8 xe hc y562 SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Contributions\ue61e<span class=\"_ _1f6\"> </span>1,124<span class=\"_ _15\"> </span>1,232</div>\n<div class=\"t m8 xe hc y563 SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Distributions\ue61e<span class=\"_ SecUhHj_72\"> </span>-979<span class=\"_ _46\"> </span>-1,623</div>\n<div class=\"t m8 xe hc y564 SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income<span class=\"_ _228\"> </span>146<span class=\"_ _1c\"> </span>74</div>\n<div class=\"t m8 xe hc y565 SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Actual taxes on contributions paid (excluding interest)<span class=\"_ SecUhHj_51\"> </span>-116<span class=\"_ _4c\"> </span>-128</div>\n<div class=\"t m8 xe hc y566 SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Actual administration costs<span class=\"_ _229\"> </span>-61<span class=\"_ _73\"> </span>-68</div>\n<div class=\"t m8 xe hc y567 SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Actuarial gain/loss<span class=\"_ _22a\"> </span>-3,913<span class=\"_ _25\"> </span>134</div>\n<div class=\"t m8 xe hc y568 SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differences<span class=\"_ SecUhHj_64\"> </span>-1,032<span class=\"_ _46\"> </span>-1,431</div>\n<div class=\"t m8 xe hd y569 SecUhHj_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Plan assets as per 31 December (2)<span class=\"_ SecUhHj_54\"> </span>12,172<span class=\"_ _54\"> </span>17,003</div>\n<div class=\"t m8 xe hd y56a SecUhHj_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net defined liability as per 31 December<span class=\"_ _22b\"> </span>1,041<span class=\"_ SecUhHj_45\"> </span>730</div>\n<div class=\"t m8 xe h14 SecUhHj_95 SecUhHj_25 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(1) <span class=\"_ SecVUZO_75\"> </span>The changes in pension liabilities and plan assets include both the defined benefit plans as the Belgian defined contribution plans which qualify as a defined</div>\n<div class=\"t m8 x3e h14 SecUhHj_94 SecUhHj_25 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">benefit plan.</div>\n<div class=\"t m8 xe h14 SecUhHj_93 SecUhHj_25 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(2) <span class=\"_ SecVUZO_75\"> </span>The plan assets do not include any shares issued by EXMAR or property occupied by EXMAR.</div>\n<div class=\"t m8 xe hd SecUhHj_92 SecUhHj_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ SecVUZO_90\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hd SecUhHj_91 SecUhHj_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXPENSE RECOGNISED IN THE STATEMENT OF PROFIT OR LOSS\ue61e</div>\n<div class=\"t m8 xe hc SecUhHj_90 SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current service expenses\ue61e<span class=\"_ SecUhHj_61\"> </span>-515<span class=\"_ _4c\"> </span>-719</div>\n<div class=\"t m8 xe hc SecUhHj_89 SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expense<span class=\"_ _22c\"> </span>-147<span class=\"_ _73\"> </span>-76</div>\n<div class=\"t m8 xe hc SecUhHj_88 SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Expected return on plan assets<span class=\"_ _22d\"> </span>146<span class=\"_ _1c\"> </span>74</div>\n<div class=\"t m8 xe hc SecUhHj_87 SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Administration cost<span class=\"_ SecUhHj_67\"> </span>-61<span class=\"_ _73\"> </span>-68</div>\n<div class=\"t m8 xe hd SecUhHj_86 SecUhHj_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Total pension cost recognised in the income statement (see note 11)<span class=\"_ SecUhHj_49\"> </span>-577<span class=\"_ _5d\"> </span>-789</div>\n<div class=\"t m8 xe hd SecUhHj_85 SecUhHj_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXPENSE RECOGNISED IN OTHER COMPREHENSIVE INCOME\ue61e</div>\n<div class=\"t m8 xe hc SecUhHj_84 SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Recognition of actuarial gains and losses<span class=\"_ SecUhHj_53\"> </span>-706<span class=\"_ _25\"> </span>647</div>\n<div class=\"t m8 xe hd SecUhHj_83 SecUhHj_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Total pension cost recognised in other comprehensive income<span class=\"_ SecUhHj_50\"> </span>-706<span class=\"_ SecUhHj_45\"> </span>647</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 358px; height: 773px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 358px; height: 773px; width: 96%; z-index: 1;\"><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 x1 h11 y51 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 3<span class=\"_ _1\"></span>1 - TR<span class=\"_ _4\"></span>ADE AND O<span class=\"_ _3\"></span>THER P<span class=\"_ _2\"></span>A<span class=\"_ _2\"></span>Y<span class=\"_ _179\"></span>A<span class=\"_ _4\"></span>BLES</div>\n<div class=\"t m8 x1 hd y57a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y57b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade payables<span class=\"_ _1bd\"> </span>35,366<span class=\"_ _1a\"> </span>22,990</div>\n<div class=\"t m8 x1 hc y57c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other payables<span class=\"_ _230\"> </span>29,100<span class=\"_ _15\"> </span>7,749</div>\n<div class=\"t m8 x1 hc y57d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Deferred income<span class=\"_ _97\"> </span>11,076<span class=\"_ _15\"> </span>6,501</div>\n<div class=\"t m8 x1 hd y57e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other payables<span class=\"_ _36\"> </span>75,542<span class=\"_ _54\"> </span>37,241</div>\n<div class=\"t m8 x1 hc y57f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Of which \ufb01nancial liabilities (Note 32)<span class=\"_ _231\"> </span><span class=\"ff2\">62,730<span class=\"_ _54\"> </span>30,739</span></div>\n<div class=\"t m319 x1 hb ya3 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>ade p<span class=\"_ _4\"></span>ayab<span class=\"_ _4\"></span>les i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>ease<span class=\"_ _4\"></span>d in 20<span class=\"_ _4\"></span>22 du<span class=\"_ _4\"></span>e to Bexco N<span class=\"_ _4\"></span>V and S<span class=\"_ _4\"></span>olai<span class=\"_ _4\"></span>a Ship<span class=\"_ _4\"></span>pin<span class=\"_ _4\"></span>g LLC ente<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g into t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>nso<span class=\"_ _4\"></span>lida<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n sco<span class=\"_ _4\"></span>pe</div>\n<div class=\"t m141 x1 hb ya4 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">(se<span class=\"_ _4\"></span>e Note 5 Bu<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s com<span class=\"_ _4\"></span>bin<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns an<span class=\"_ _4\"></span>d othe<span class=\"_ _4\"></span>r sha<span class=\"_ _4\"></span>re de<span class=\"_ _4\"></span>als) an<span class=\"_ _4\"></span>d highe<span class=\"_ _4\"></span>r Inf<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ure ac<span class=\"_ _7\"></span>tiv<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>es rel<span class=\"_ _4\"></span>ated t<span class=\"_ _4\"></span>o the EEM<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb ya5 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">SHAVEN LNG a<span class=\"_ _4\"></span>nd T<span class=\"_ _1\"></span>A<span class=\"_ _4\"></span>NGO FLNG<span class=\"_ _4\"></span>.</div>\n<div class=\"t m1ac x1 hb ya6 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">O<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r paya<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s mainl<span class=\"_ _4\"></span>y cont<span class=\"_ _4\"></span>ain a<span class=\"_ _4\"></span>dv<span class=\"_ _4\"></span>ance<span class=\"_ _4\"></span>s rec<span class=\"_ _4\"></span>eive<span class=\"_ _4\"></span>d, V<span class=\"_ _1\"></span>A<span class=\"_ _3\"></span>T and p<span class=\"_ _4\"></span>ayro<span class=\"_ _4\"></span>ll paya<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s and i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ed du<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ng 2022 a<span class=\"_ _4\"></span>s a res<span class=\"_ _4\"></span>ult</div>\n<div class=\"t m8 x1 hb ya7 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e inc<span class=\"_ _4\"></span>lusi<span class=\"_ _4\"></span>on of Be<span class=\"_ _4\"></span>xco an<span class=\"_ _4\"></span>d adv<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>es re<span class=\"_ _4\"></span>ceiv<span class=\"_ _4\"></span>ed in r<span class=\"_ _4\"></span>elati<span class=\"_ _4\"></span>on to t<span class=\"_ _4\"></span>he Co<span class=\"_ _4\"></span>ngo p<span class=\"_ _4\"></span>roje<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t wi<span class=\"_ _4\"></span>th Eni.</div>\n<div class=\"t m8 x1 hb y580 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">Deferre<span class=\"_ _4\"></span>d income comprises already invoiced rev<span class=\"_ _3\"></span>enue,<span class=\"_ _3\"></span> related to<span class=\"_ _3\"></span> the next accounting year<span class=\"_ _1\"></span>, e.<span class=\"_ _1\"></span>g. freight, hire<span class=\"_ _1\"></span>,.<span class=\"_ _3\"></span>.<span class=\"_ _1\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 410px; height: 300px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 410px; height: 300px; width: 94%; z-index: 2;\"><br/></div>\n\n\n<div class=\"t m8 x1 hb y581 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e exp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>r con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns to b<span class=\"_ _4\"></span>e paid f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e nex<span class=\"_ _4\"></span>t \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al year a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt to:</div>\n<div class=\"t m8 x1 hd y582 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y583 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Best estimate of contributions expected to be paid during next year<span class=\"_ _a4\"> </span>1,093<span class=\"_ _27\"> </span>1,142</div>\n<div class=\"t m8 x1 hb y80 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e ac<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>ari<span class=\"_ _4\"></span>al as<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>mpti<span class=\"_ _4\"></span>ons a<span class=\"_ _4\"></span>nd aver<span class=\"_ _4\"></span>ag<span class=\"_ _4\"></span>e dur<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion of t<span class=\"_ _4\"></span>he pl<span class=\"_ _4\"></span>ans ar<span class=\"_ _4\"></span>e det<span class=\"_ _4\"></span>aile<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>low:</div>\n<div class=\"t m8 x1 hd y584 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In weighted averages)<span class=\"_ _4d\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hd y585 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">MOST SIGNIFICANT ASSUMPTIONS</div>\n<div class=\"t m8 x1 hc y586 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Discount rate at 31 December<span class=\"_ _232\"> </span>3.75%<span class=\"_ _1eb\"> </span>0.70%</div>\n<div class=\"t m8 x1 hc y587 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Expected return on assets at 31 December<span class=\"_ _3c\"> </span>3.75%<span class=\"_ _46\"> </span>0.70%</div>\n<div class=\"t m8 x1 hc y588 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">In\ufb02ation<span class=\"_ _233\"> </span>2.20%<span class=\"_ _1eb\"> </span>1.90%</div>\n<div class=\"t m8 x1 hc y589 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Duration of de\ufb01ned bene\ufb01t plans (in years)<span class=\"_ _1a0\"> </span>8<span class=\"_ _20\"> </span>9</div>\n<div class=\"t m8 x1 hc y58a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Duration of the Belgian de\ufb01ned contribution plans (in years)<span class=\"_ _214\"> </span>14<span class=\"_ _1c\"> </span>18</div>\n<div class=\"t m8 x1 hb y8a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e plan a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e com<span class=\"_ _4\"></span>pos<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>s follo<span class=\"_ _4\"></span>ws:</div>\n<div class=\"t m8 x1 hd y58b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y58c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Shares<span class=\"_ _163\"> </span>5.0%<span class=\"_ _1d3\"> </span>4.0%</div>\n<div class=\"t m8 x1 hc y58d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bonds &amp; loans<span class=\"_ _1b\"> </span>88.0%<span class=\"_ _46\"> </span>89.0%</div>\n<div class=\"t m8 x1 hc y58e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Property investments<span class=\"_ _101\"> </span>7.0%<span class=\"_ _5d\"> </span>6.0%</div>\n<div class=\"t m8 x1 hc y58f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash<span class=\"_ _ee\"> </span>0.0%<span class=\"_ _1d3\"> </span>1.0%</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 764px; height: 375px; width: 94%; z-index: 2;\"><br/></div>\n\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x1 h11 y67 ff2 fsb fc3 sc0 ls5a ws64\" style=\"z-index: 15;\">NOT<span class=\"_ _3\"></span>E 3<span class=\"_ _1\"></span>2 - FINANCIAL RIS<span class=\"_ _3\"></span>KS AND FI<span class=\"_ _3\"></span>NANCIAL INSTR<span class=\"_ _3\"></span>UMENTS</div>\n\n<div class=\"t m144 x1 hb y69 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">Du<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g the n<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>mal co<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>se of it<span class=\"_ _4\"></span>s b<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s, E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR is ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ose<span class=\"_ _4\"></span>d to var<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>us ri<span class=\"_ _4\"></span>sk<span class=\"_ _4\"></span>s as de<span class=\"_ _4\"></span>sc<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>be<span class=\"_ _4\"></span>d in mor<span class=\"_ _4\"></span>e det<span class=\"_ _4\"></span>ail in t<span class=\"_ _4\"></span>he Co<span class=\"_ _4\"></span>r<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m227 x1 hb y6a ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">po<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>e Gover<span class=\"_ _4\"></span>na<span class=\"_ _4\"></span>nce St<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>. E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R is ex<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d to cr<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>t, inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t, c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>y and li<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks a<span class=\"_ _4\"></span>nd in o<span class=\"_ _4\"></span>rde<span class=\"_ _4\"></span>r to</div>\n<div class=\"t m31a x1 hb y7b ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">hed<span class=\"_ _4\"></span>ge t<span class=\"_ _4\"></span>his ex<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>e, EXM<span class=\"_ _4\"></span>AR us<span class=\"_ _4\"></span>es di<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>ent \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s, m<span class=\"_ _4\"></span>ainly i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t rate h<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ges s<span class=\"_ _4\"></span>itu<span class=\"_ _4\"></span>ated w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>hin our</div>\n<div class=\"t m8 x1 hb y6b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>ccou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es as we<span class=\"_ _4\"></span>ll ais fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y for<span class=\"_ _7\"></span>wa<span class=\"_ _4\"></span>rd co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t m162 x1 hb y6c ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R ap<span class=\"_ _4\"></span>plie<span class=\"_ _4\"></span>s hed<span class=\"_ _4\"></span>ge ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>g for all h<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ging r<span class=\"_ _4\"></span>elat<span class=\"_ _4\"></span>ions w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h mee<span class=\"_ _4\"></span>t the c<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>diti<span class=\"_ _4\"></span>ons to a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>ly he<span class=\"_ _4\"></span>dge a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ing</div>\n<div class=\"t m31b x1 hb y6d ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">(for<span class=\"_ _4\"></span>ma<span class=\"_ _4\"></span>l doc<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on an<span class=\"_ _4\"></span>d high e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tive<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>ss at i<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n an<span class=\"_ _4\"></span>d on an o<span class=\"_ _4\"></span>ngo<span class=\"_ _4\"></span>ing b<span class=\"_ _4\"></span>asi<span class=\"_ _4\"></span>s)<span class=\"_ _3\"></span>. Fina<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al ins<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>c<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y6e ff1 fs9 fc2 sc0 ls2 ws3b\" style=\"z-index: 15;\">og<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d ini<span class=\"_ _4\"></span>tiall<span class=\"_ _4\"></span>y at fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>e. Sub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>nt to ini<span class=\"_ _4\"></span>tial r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnit<span class=\"_ _4\"></span>ion, t<span class=\"_ _4\"></span>he ef<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on of c<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>es in f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue of t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m31c x1 hb y6f ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">\ufb01na<span class=\"_ _4\"></span>ncial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s q<span class=\"_ _4\"></span>ualif<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g for he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ing (i.e. c<span class=\"_ _4\"></span>ash \ufb02<span class=\"_ _4\"></span>ow he<span class=\"_ _4\"></span>dge<span class=\"_ _4\"></span>s), is reco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n othe<span class=\"_ _4\"></span>r com<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>nsiv<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 x1 hb y70 ff1 fs9 fc2 sc0 ls2 ws1c\" style=\"z-index: 15;\">inc<span class=\"_ _4\"></span>ome. A<span class=\"_ _4\"></span>ny inef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive p<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s in f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue an<span class=\"_ _4\"></span>d cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s in f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue of \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s n<span class=\"_ _4\"></span>ot qua<span class=\"_ _4\"></span>l<span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y71 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">if<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>ing fo<span class=\"_ _4\"></span>r hed<span class=\"_ _4\"></span>ge a<span class=\"_ _4\"></span>ccou<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>ng are re<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>mme<span class=\"_ _4\"></span>diate<span class=\"_ _4\"></span>ly in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 80px; height: 168px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 80px; height: 201px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 80px; height: 201px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 80px; height: 201px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 80px; height: 1059px; 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></div>\n<div><br/></div>\n\n<div class=\"t m0 xe h2 y42 ff2 fs0 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fair v<span class=\"_ _4\"></span>al<span class=\"_ _4\"></span>ue &amp; f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>al<span class=\"_ _4\"></span>ue hi<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>arc<span class=\"_ _4\"></span>hy</div>\n<div class=\"t m8 xe hb y7e ff1 fs9 fc2 sc0 ls2 ws2c\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e follo<span class=\"_ _4\"></span>wing t<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le s<span class=\"_ _4\"></span>hows \ufb01<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d \ufb01nan<span class=\"_ _4\"></span>cial lia<span class=\"_ _4\"></span>bili<span class=\"_ _4\"></span>ties m<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue, inclu<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g the<span class=\"_ _4\"></span>ir level i<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y52d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>e hier<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>chy<span class=\"_ _3\"></span>.</div>\n<div class=\"t m8 xe hd y590 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 xe hd y591 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2022</div>\n<div class=\"t m8 xa0 hd y592 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Level 1<span class=\"_ _5b\"> </span>Level 2<span class=\"_ _5b\"> </span>Level 3<span class=\"_ _1e4\"> </span>T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 xe hc y593 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Derivative \ufb01nancial asset<span class=\"_ _234\"> </span>0<span class=\"_ _18\"> </span>573<span class=\"_ _15\"> </span>0<span class=\"_ _52\"> </span><span class=\"ff2\">573</span></div>\n<div class=\"t m8 xe hc y594 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity securities - FVTPL<span class=\"_ _18e\"> </span>1,054<span class=\"_ _18\"> </span>795<span class=\"_ _15\"> </span>0<span class=\"_ _126\"> </span><span class=\"ff2\">1,849</span></div>\n<div class=\"t m8 xe hd y595 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal \ufb01nancial assets carried at fair value<span class=\"_ _ae\"> </span>1,054<span class=\"_ _126\"> </span>1,368<span class=\"_ _131\"> </span>0<span class=\"_ _126\"> </span>2,422</div>\n<div class=\"t m8 xe hc y596 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal \ufb01nancial liabilities carried at fair value<span class=\"_ _235\"> </span><span class=\"ff6\">0<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _15\"> </span>0</span></div>\n<div class=\"t m8 xe hd y597 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 xe hd y598 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2021</div>\n<div class=\"t m8 xa0 hd y599 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Level 1<span class=\"_ _5b\"> </span>Level 2<span class=\"_ _5b\"> </span>Level 3<span class=\"_ _1e4\"> </span>T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 xe hc y59a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Derivative \ufb01nancial asset<span class=\"_ _234\"> </span>0<span class=\"_ _18\"> </span>920<span class=\"_ _15\"> </span>0<span class=\"_ _18\"> </span>920</div>\n<div class=\"t m8 xe hc y59b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity securities - FVTPL<span class=\"_ _236\"> </span>938<span class=\"_ _18\"> </span>911<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>1,849</div>\n<div class=\"t m8 xe hd y59c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal \ufb01nancial assets carried at fair value<span class=\"_ _19b\"> </span>938<span class=\"_ _126\"> </span>1,831<span class=\"_ _131\"> </span>0<span class=\"_ _126\"> </span>2,769</div>\n<div class=\"t m8 xe hd y59d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal \ufb01nancial liabilities carried at fair value<span class=\"_ _199\"> </span>0<span class=\"_ _131\"> </span>0<span class=\"_ _131\"> </span>0<span class=\"_ _131\"> </span>0</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 796px; height: 343px; width: 88%; z-index: 5;\"></div>\n\n<div class=\"t m8 xe hb y59e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fina<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r tha<span class=\"_ _4\"></span>n tho<span class=\"_ _4\"></span>se li<span class=\"_ _4\"></span>ste<span class=\"_ _4\"></span>d ab<span class=\"_ _4\"></span>ove are al<span class=\"_ _4\"></span>l meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at am<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ized c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t.</div>\n\n<div><br/></div>\n<div class=\"t m0 xe h6 y4c9 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Credit risk</div>\n<div class=\"t m0 xe h2 y51 ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">Credit risk policy</div>\n<div class=\"t m31d xe hb y52 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p is ex<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d to cre<span class=\"_ _4\"></span>dit r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k fr<span class=\"_ _4\"></span>om it<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ing ac<span class=\"_ _7\"></span>tiv<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s (p<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>mar<span class=\"_ _4\"></span>ily tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>e an<span class=\"_ _4\"></span>d othe<span class=\"_ _4\"></span>r rec<span class=\"_ _4\"></span>eiva<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s and t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1f4 xe hb y53 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ions w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s) and f<span class=\"_ _4\"></span>rom i<span class=\"_ _4\"></span>ts \ufb01<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cing a<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tiv<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>es, inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ing d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>osi<span class=\"_ _4\"></span>ts w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h ban<span class=\"_ _4\"></span>ks, fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 xe hb y54 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">exchange<span class=\"_ _3\"></span> transac<span class=\"_ _4\"></span>tions and other<span class=\"_ _3\"></span> \ufb01nancial<span class=\"_ _1\"></span> ins<span class=\"_ _4\"></span>trument<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m31e xe hb y73 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Cre<span class=\"_ _4\"></span>dit r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k is mo<span class=\"_ _4\"></span>nito<span class=\"_ _4\"></span>red c<span class=\"_ _4\"></span>los<span class=\"_ _4\"></span>ely a<span class=\"_ _4\"></span>nd by ea<span class=\"_ _4\"></span>ch s<span class=\"_ _4\"></span>egm<span class=\"_ _4\"></span>ent o<span class=\"_ _4\"></span>n an o<span class=\"_ _4\"></span>ngoi<span class=\"_ _4\"></span>ng ba<span class=\"_ _4\"></span>sis by t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up a<span class=\"_ _4\"></span>nd cr<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>wor<span class=\"_ _7\"></span>th<span class=\"_ _4\"></span>ine<span class=\"_ _4\"></span>ss co<span class=\"_ _4\"></span>n<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y55 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">tro<span class=\"_ _4\"></span>ls are c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ied o<span class=\"_ _4\"></span>ut i<span class=\"_ _4\"></span>f dee<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>d nece<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>sar<span class=\"_ _7\"></span>y<span class=\"_ _3\"></span>.</div>\n<div class=\"t m31f xe hb y57 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e bor<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s to eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es co<span class=\"_ _4\"></span>nsis<span class=\"_ _4\"></span>t of s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>hol<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>r loan<span class=\"_ _4\"></span>s to our e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted inve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tees t<span class=\"_ _4\"></span>hat</div>\n<div class=\"t m320 xe hb y58 ff1 fs9 fc2 sc0 ls15 wsf\" style=\"z-index: 15;\">ow<span class=\"_ _4\"></span>n or op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ate a<span class=\"_ _4\"></span>n LPG ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>el or O<span class=\"_ _4\"></span>f<span class=\"_ _7\"></span>fs<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>re plat<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>m. A<span class=\"_ _4\"></span>s all ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>els a<span class=\"_ _4\"></span>re op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>onal a<span class=\"_ _4\"></span>nd ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>e inco<span class=\"_ _4\"></span>me or a<span class=\"_ _4\"></span>re</div>\n<div class=\"t m321 xe hb y59 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">ple<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>ed as a s<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y fo<span class=\"_ _4\"></span>r the u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>lyin<span class=\"_ _4\"></span>g bo<span class=\"_ _4\"></span>rro<span class=\"_ _4\"></span>win<span class=\"_ _4\"></span>g, we do no<span class=\"_ _4\"></span>t anti<span class=\"_ _4\"></span>cip<span class=\"_ _4\"></span>ate any re<span class=\"_ _4\"></span>cover<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y i<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ues f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e ou<span class=\"_ _4\"></span>ts<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>d<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m322 xe hb y5a ff1 fs9 fc2 sc0 ls16 wsf\" style=\"z-index: 15;\">ing b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s (af<span class=\"_ _4\"></span>ter i<span class=\"_ _4\"></span>mpai<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>) to eq<span class=\"_ _4\"></span>uit<span class=\"_ _7\"></span>y acco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ees<span class=\"_ _4\"></span>. Th<span class=\"_ _4\"></span>e equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s for w<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>m the</div>\n<div class=\"t m323 xe hb y5b ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">sha<span class=\"_ _4\"></span>re in t<span class=\"_ _4\"></span>he ne<span class=\"_ _4\"></span>t as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>s neg<span class=\"_ _4\"></span>ative, are a<span class=\"_ _4\"></span>lloc<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d to ot<span class=\"_ _4\"></span>her c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s (mai<span class=\"_ _4\"></span>nly d<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d fro<span class=\"_ _4\"></span>m re<span class=\"_ _4\"></span>ceiv<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>es) of t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m324 xe hb y5c ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">inves<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>\u2019<span class=\"_ _3\"></span>s inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t in t<span class=\"_ _4\"></span>he e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tee an<span class=\"_ _4\"></span>d if t<span class=\"_ _4\"></span>he ne<span class=\"_ _4\"></span>gati<span class=\"_ _4\"></span>ve net a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et exc<span class=\"_ _4\"></span>eed<span class=\"_ _4\"></span>s th<span class=\"_ _4\"></span>e inves<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>\u2019<span class=\"_ _3\"></span>s inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t, a</div>\n<div class=\"t m325 xe hb y5d ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">cor<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ond<span class=\"_ _4\"></span>ing lia<span class=\"_ _4\"></span>bili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nized t<span class=\"_ _4\"></span>o the ex<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ent t<span class=\"_ _4\"></span>hat th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up has a l<span class=\"_ _4\"></span>egal o<span class=\"_ _4\"></span>r con<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve ob<span class=\"_ _4\"></span>ligat<span class=\"_ _4\"></span>ion. T<span class=\"_ _4\"></span>he ter<span class=\"_ _4\"></span>ms</div>\n<div class=\"t m8 xe hb y5e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e sha<span class=\"_ _4\"></span>reh<span class=\"_ _4\"></span>old<span class=\"_ _4\"></span>er loa<span class=\"_ _4\"></span>ns ar<span class=\"_ _4\"></span>e dis<span class=\"_ _4\"></span>cus<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ed in N<span class=\"_ _4\"></span>ote 1<span class=\"_ _1\"></span>9 B<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs t<span class=\"_ _4\"></span>o equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s of thi<span class=\"_ _4\"></span>s ann<span class=\"_ _4\"></span>ual re<span class=\"_ _4\"></span>por<span class=\"_ _7\"></span>t.</div>\n<div class=\"t m326 xe hb y5f ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p onl<span class=\"_ _4\"></span>y eng<span class=\"_ _4\"></span>age<span class=\"_ _4\"></span>s wit<span class=\"_ _4\"></span>h ban<span class=\"_ _4\"></span>ks w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h a goo<span class=\"_ _4\"></span>d cr<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>t ra<span class=\"_ _4\"></span>ting. T<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup m<span class=\"_ _4\"></span>oni<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d manag<span class=\"_ _4\"></span>es ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>osu<span class=\"_ _4\"></span>res to</div>\n<div class=\"t m8 xe hb y60 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ban<span class=\"_ _4\"></span>ks w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h app<span class=\"_ _4\"></span>rove<span class=\"_ _4\"></span>d cou<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y c<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>it limi<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s and c<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>dit r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k par<span class=\"_ _4\"></span>am<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>s in o<span class=\"_ _4\"></span>rde<span class=\"_ _4\"></span>r to mit<span class=\"_ _4\"></span>igate t<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>isk o<span class=\"_ _4\"></span>f def<span class=\"_ _4\"></span>aul<span class=\"_ _4\"></span>t.</div>\n<div class=\"t m0 xe h2 y76 ff2 fs0 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>ure t<span class=\"_ _4\"></span>o ris<span class=\"_ _4\"></span>k</div>\n<div class=\"t m8 xe hd y59f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y5a0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity accounted investees<span class=\"_ _178\"> </span>7,000<span class=\"_ _1cc\"> </span>40,167</div>\n<div class=\"t m8 xe hc y5a1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Derivative \ufb01nancial assets<span class=\"_ _24\"> </span>573<span class=\"_ _25\"> </span>920</div>\n<div class=\"t m8 xe hc y5a2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other investments - equity instruments at FVTPL<span class=\"_ _237\"> </span>1,849<span class=\"_ _15\"> </span>1,849</div>\n<div class=\"t m8 xe hc y5a3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other r<span class=\"_ _3\"></span>eceivables (see Note 24)<span class=\"_ _1b7\"> </span>59,778<span class=\"_ _1cc\"> </span>48,534</div>\n<div class=\"t m8 xe hc y5a4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Restricted cash<span class=\"_ _238\"> </span>0<span class=\"_ _1a\"> </span>76,121</div>\n<div class=\"t m8 xe hc y5a5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash and cash equivalents<span class=\"_ _239\"> </span>519,553<span class=\"_ _1a\"> </span>71,130</div>\n<div class=\"t m8 xe hd y5a6 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Carrying amount of \ufb01nancial assets<span class=\"_ _23a\"> </span>588,753<span class=\"_ _d\"> </span>238,721</div>\n<div class=\"t m8 xe hb y6b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e car<span class=\"_ _4\"></span>r<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s of t<span class=\"_ _4\"></span>he \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s r<span class=\"_ _4\"></span>epr<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>nt t<span class=\"_ _4\"></span>he ma<span class=\"_ _4\"></span>xim<span class=\"_ _4\"></span>um c<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>it ex<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>e.</div>\n\n<div></div>\n\n<div class=\"t m0 xe h2 y6d ff2 fs0 fc2 sc0 ls2c ws1e\" style=\"z-index: 15;\">Impairment l<span class=\"_ _3\"></span>osses</div>\n<div class=\"t m8 xe hb y6e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s pas<span class=\"_ _4\"></span>t d<span class=\"_ _4\"></span>ue ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ding r<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>ble b<span class=\"_ _4\"></span>alanc<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e imma<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>ial, no age<span class=\"_ _4\"></span>ing an<span class=\"_ _4\"></span>aly<span class=\"_ _4\"></span>sis is d<span class=\"_ _4\"></span>isc<span class=\"_ _4\"></span>los<span class=\"_ _4\"></span>ed.</div>\n<div class=\"t m36 xe hb y6f ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">At year-<span class=\"_ _4\"></span>end 2<span class=\"_ _4\"></span>022, we rec<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>ir<span class=\"_ _4\"></span>ment c<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>ges f<span class=\"_ _4\"></span>or b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs t<span class=\"_ _4\"></span>o and t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>de re<span class=\"_ _4\"></span>cei<span class=\"_ _4\"></span>vab<span class=\"_ _4\"></span>le ba<span class=\"_ _4\"></span>lanc<span class=\"_ _4\"></span>es f<span class=\"_ _4\"></span>rom e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y</div>\n<div class=\"t m327 xe hb y70 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ees fo<span class=\"_ _4\"></span>r a tot<span class=\"_ _4\"></span>al amo<span class=\"_ _4\"></span>unt of US<span class=\"_ _4\"></span>D 1<span class=\"_ _2\"></span>1.2 millio<span class=\"_ _4\"></span>n and US<span class=\"_ _4\"></span>D 2.3 millio<span class=\"_ _4\"></span>n imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt cha<span class=\"_ _4\"></span>rge<span class=\"_ _4\"></span>s on ot<span class=\"_ _4\"></span>her (no<span class=\"_ _4\"></span>n-</div>\n<div class=\"t m8 xe hb y71 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">trad<span class=\"_ _4\"></span>e)<span class=\"_ _3\"></span> third par<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y receivable balances.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 8%; bottom: 80px; height: 86px; width: 84%; z-index: 7;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 80px; height: 86px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 80px; height: 655px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 80px; height: 1059px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 80px; height: 1059px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 80px; height: 1059px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 80px; height: 1059px; 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 x1 h6 y1d6 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Interest risk</div>\n\n<div class=\"t m0 x1 h2 y7f ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">Interest risk policy</div>\n<div class=\"t m328 x1 hb y43 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t-b<span class=\"_ _4\"></span>ear<span class=\"_ _4\"></span>ing lo<span class=\"_ _4\"></span>ans ar<span class=\"_ _4\"></span>e mainl<span class=\"_ _4\"></span>y neg<span class=\"_ _4\"></span>otiat<span class=\"_ _4\"></span>ed wi<span class=\"_ _4\"></span>th v<span class=\"_ _4\"></span>ari<span class=\"_ _4\"></span>able i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ra<span class=\"_ _4\"></span>tes. I<span class=\"_ _4\"></span>n ord<span class=\"_ _4\"></span>er to mo<span class=\"_ _4\"></span>nito<span class=\"_ _4\"></span>r thi<span class=\"_ _4\"></span>s inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ri<span class=\"_ _4\"></span>sk<span class=\"_ _4\"></span>,</div>\n<div class=\"t m271 x1 hb y80 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p makes u<span class=\"_ _4\"></span>se of in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>st h<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ging i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s availa<span class=\"_ _4\"></span>ble o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e mar<span class=\"_ _4\"></span>ket whe<span class=\"_ _4\"></span>n man<span class=\"_ _4\"></span>age<span class=\"_ _4\"></span>ment i<span class=\"_ _4\"></span>s of the o<span class=\"_ _4\"></span>pin<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y81 ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">ion t<span class=\"_ _4\"></span>hat i<span class=\"_ _4\"></span>t is favo<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ble to d<span class=\"_ _4\"></span>o so. Fo<span class=\"_ _4\"></span>r the m<span class=\"_ _4\"></span>ome<span class=\"_ _4\"></span>nt, no i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t rat<span class=\"_ _4\"></span>e sw<span class=\"_ _4\"></span>aps ex<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t wi<span class=\"_ _4\"></span>thi<span class=\"_ _4\"></span>n our s<span class=\"_ _4\"></span>ubs<span class=\"_ _4\"></span>idia<span class=\"_ _4\"></span>rie<span class=\"_ _4\"></span>s. O<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e othe<span class=\"_ _4\"></span>r</div>\n<div class=\"t mce x1 hb y82 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">han<span class=\"_ _4\"></span>d, dif<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>t inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ra<span class=\"_ _4\"></span>te sw<span class=\"_ _4\"></span>aps ex<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t wi<span class=\"_ _4\"></span>thin o<span class=\"_ _4\"></span>ur e<span class=\"_ _4\"></span>quit<span class=\"_ _7\"></span>y acco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es. T<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup a<span class=\"_ _4\"></span>ppli<span class=\"_ _4\"></span>es he<span class=\"_ _4\"></span>dge a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unt</div>\n<div class=\"t m1c x14 hb y82 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y83 ff1 fs9 fc2 sc0 ls2 ws12\" style=\"z-index: 15;\">ing w<span class=\"_ _4\"></span>hen t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>ns to ap<span class=\"_ _4\"></span>pl<span class=\"_ _4\"></span>y hed<span class=\"_ _4\"></span>ge ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>g are me<span class=\"_ _4\"></span>t. In c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>e no he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng is a<span class=\"_ _4\"></span>ppl<span class=\"_ _4\"></span>ied, t<span class=\"_ _4\"></span>he cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x1 hb y20b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">in f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>rde<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>tem<span class=\"_ _4\"></span>ent of p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 987px; height: 119px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x1 h2 y86 ff2 fs0 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>ure t<span class=\"_ _4\"></span>o ris<span class=\"_ _4\"></span>k</div>\n<div class=\"t m8 x1 hd y5a7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y5a8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal borrowings (excluding lease liabilities)<span class=\"_ _19d\"> </span>208,083<span class=\"_ _18\"> </span>418,707</div>\n<div class=\"t m8 x1f hc y5a9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">with \ufb01xed interest rate<span class=\"_ _239\"> </span>154,669<span class=\"_ _18\"> </span>173,079</div>\n<div class=\"t m8 x1f hc y5aa ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">with variable interest rate<span class=\"_ _53\"> </span>53,414<span class=\"_ _18\"> </span>245,628</div>\n<div class=\"t m8 x1 hd y5ab ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net exposure\u2005<span class=\"_ _b5\"> </span>53,414<span class=\"_ _d\"> </span>245,628</div>\n<div class=\"t m2bb x1 hb y4c ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt of v<span class=\"_ _4\"></span>ari<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate bo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs d<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>ed s<span class=\"_ _4\"></span>igni<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>antl<span class=\"_ _4\"></span>y du<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g 2022 as a r<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>ult of t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>pay<span class=\"_ _4\"></span>ment o<span class=\"_ _4\"></span>f</div>\n<div class=\"t m2d0 x1 hb y4d ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e NOK un<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>cure<span class=\"_ _4\"></span>d bo<span class=\"_ _4\"></span>nd a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e Bank o<span class=\"_ _4\"></span>f China c<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>dit f<span class=\"_ _4\"></span>acil<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y (se<span class=\"_ _4\"></span>e Note 28 Bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owin<span class=\"_ _4\"></span>gs), wit<span class=\"_ _4\"></span>h out<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>and<span class=\"_ _4\"></span>ing b<span class=\"_ _4\"></span>alanc<span class=\"_ _4\"></span>es</div>\n<div class=\"t m8 x1 hb y4e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of USD 71<span class=\"_ _1\"></span>.3 millio<span class=\"_ _4\"></span>n an<span class=\"_ _4\"></span>d USD 1<span class=\"_ _1\"></span>29<span class=\"_ _1\"></span>.<span class=\"_ _4\"></span>3 millio<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>vely at ye<span class=\"_ _4\"></span>ar-en<span class=\"_ _4\"></span>d 2021<span class=\"_ _1\"></span>.</div>\n<div class=\"t m0 x1 h2 y4f ff2 fs0 fc2 sc0 ls39 ws35\" style=\"z-index: 15;\">Sensitivit<span class=\"_ _4\"></span>y analysis</div>\n<div class=\"t m329 x1 hb y50 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">In c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>e the i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ra<span class=\"_ _4\"></span>te wou<span class=\"_ _4\"></span>ld in<span class=\"_ _4\"></span>crea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>/<span class=\"_ _1\"></span>d<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e wit<span class=\"_ _4\"></span>h 50 b<span class=\"_ _4\"></span>asi<span class=\"_ _4\"></span>s poi<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s, the \ufb01<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s w<span class=\"_ _4\"></span>ould b<span class=\"_ _4\"></span>e im<span class=\"_ _4\"></span>pac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m8 x1 hb y51 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">wit<span class=\"_ _4\"></span>h th<span class=\"_ _4\"></span>e follo<span class=\"_ _4\"></span>win<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s (as<span class=\"_ _4\"></span>sum<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>hat all ot<span class=\"_ _4\"></span>her v<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>iabl<span class=\"_ _4\"></span>es re<span class=\"_ _4\"></span>main u<span class=\"_ _4\"></span>nch<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>):</div>\n<div class=\"t m8 x1 hd y5ac ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _61\"> </span>2022<span class=\"_ _190\"> </span>2021</div>\n<div class=\"t m8 xa1 hd y5ad ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">+ 50 bp<span class=\"_ _5b\"> </span>- 50 bp<span class=\"_ _ac\"> </span>+ 50 bp<span class=\"_ _5b\"> </span>- 50 bp</div>\n<div class=\"t m8 x1 hc y5ae ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>ariable interest rate borrowings<span class=\"_ _ad\"> </span>267<span class=\"_ _64\"> </span>-267<span class=\"_ _7a\"> </span>1,228<span class=\"_ _126\"> </span>-1,228</div>\n<div class=\"t m8 x1 hc y5af ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest rate swaps and cr<span class=\"_ _3\"></span>oss-currency rate swaps<span class=\"_ _23b\"> </span>0<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m8 x1 hd y5b0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Sensitivity (net), of which<span class=\"_ _d2\"> </span>267<span class=\"_ _23c\"> </span>-267<span class=\"_ _126\"> </span>1,228<span class=\"_ _a0\"> </span>-1,228</div>\n<div class=\"t m8 x1f hc y5b1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impact in pro\ufb01t and loss<span class=\"_ _23d\"> </span>267<span class=\"_ _1a7\"> </span>-267<span class=\"_ _7a\"> </span>1,228<span class=\"_ _126\"> </span>-1,228</div>\n<div class=\"t m8 x1f hc y5b2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impact in equity\u2005<span class=\"_ _23e\"> </span>0<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m32a x1 hb ya3 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">A sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>t por<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR<span class=\"_ _4\"></span>\u2019s intere<span class=\"_ _4\"></span>st i<span class=\"_ _4\"></span>nco<span class=\"_ _4\"></span>me is d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ived f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m bor<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>win<span class=\"_ _4\"></span>gs to e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tees w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h</div>\n<div class=\"t m11c x1 hb ya4 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">var<span class=\"_ _4\"></span>iab<span class=\"_ _4\"></span>le int<span class=\"_ _4\"></span>eres<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s. A<span class=\"_ _4\"></span>ny inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e/decr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e in th<span class=\"_ _4\"></span>e inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate wo<span class=\"_ _4\"></span>uld re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>t in an in<span class=\"_ _4\"></span>cre<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>/<span class=\"_ _1\"></span>d<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e of int<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>st</div>\n<div class=\"t m32b x1 hb ya5 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">inc<span class=\"_ _4\"></span>ome b<span class=\"_ _4\"></span>ut wo<span class=\"_ _4\"></span>uld mai<span class=\"_ _4\"></span>nly b<span class=\"_ _4\"></span>e of<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>set b<span class=\"_ _4\"></span>y an inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e/ d<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e in th<span class=\"_ _4\"></span>e inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnize<span class=\"_ _4\"></span>d by th<span class=\"_ _4\"></span>e eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m32c x1 hb ya6 ff1 fs9 fc2 sc0 ls24 wsc\" style=\"z-index: 15;\">cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee f<span class=\"_ _4\"></span>or a cor<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>ding a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt. Ac<span class=\"_ _4\"></span>cord<span class=\"_ _4\"></span>ingl<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>, any i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>ease<span class=\"_ _4\"></span>/<span class=\"_ _3\"></span>dec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e in t<span class=\"_ _4\"></span>he va<span class=\"_ _4\"></span>ria<span class=\"_ _4\"></span>ble in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>st r<span class=\"_ _4\"></span>ate a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>lied</div>\n<div class=\"t m8 x1 hb ya7 ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">on t<span class=\"_ _4\"></span>he bo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs to e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s woul<span class=\"_ _4\"></span>d have no im<span class=\"_ _4\"></span>pac<span class=\"_ _7\"></span>t on t<span class=\"_ _4\"></span>he net r<span class=\"_ _4\"></span>esu<span class=\"_ _4\"></span>lt of t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up. Th<span class=\"_ _4\"></span>eref<span class=\"_ _4\"></span>ore,</div>\n<div class=\"t m8 x1 hb y580 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owin<span class=\"_ _4\"></span>gs to e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ees h<span class=\"_ _4\"></span>ave not be<span class=\"_ _4\"></span>en i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e ab<span class=\"_ _4\"></span>ove sen<span class=\"_ _4\"></span>sit<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y anal<span class=\"_ _4\"></span>ys<span class=\"_ _4\"></span>is.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 410px; height: 721px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 410px; height: 721px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 410px; height: 721px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 410px; height: 721px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 410px; height: 721px; 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 xe h6 y1d6 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Currenc<span class=\"_ _4\"></span>y risk</div>\n<div class=\"t m8 xe hb y7f ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k is his<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>ally m<span class=\"_ _4\"></span>ainl<span class=\"_ _4\"></span>y af<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted b<span class=\"_ _4\"></span>y the EUR<span class=\"_ _7\"></span>/USD r<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>o for ma<span class=\"_ _4\"></span>nnin<span class=\"_ _4\"></span>g it<span class=\"_ _4\"></span>s \ufb02ee<span class=\"_ _4\"></span>t, pay<span class=\"_ _4\"></span>ing s<span class=\"_ _4\"></span>alar<span class=\"_ _4\"></span>ies</div>\n<div class=\"t m8 xe hb y1fa ff1 fs9 fc2 sc0 ls2 ws55\" style=\"z-index: 15;\">and a<span class=\"_ _4\"></span>ll oth<span class=\"_ _4\"></span>er pe<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>nel re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s and s<span class=\"_ _4\"></span>ince N<span class=\"_ _4\"></span>ovemb<span class=\"_ _4\"></span>er 20<span class=\"_ _4\"></span>22 als<span class=\"_ _4\"></span>o for t<span class=\"_ _4\"></span>he Bex<span class=\"_ _4\"></span>co ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>ties (s<span class=\"_ _4\"></span>ee No<span class=\"_ _4\"></span>te 5 Bus<span class=\"_ _4\"></span>i</div>\n<div class=\"t m8 x3d hb y43 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m32d xe hb y80 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">nes<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>inat<span class=\"_ _4\"></span>ions a<span class=\"_ _4\"></span>nd ot<span class=\"_ _4\"></span>her s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>e tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s), which a<span class=\"_ _4\"></span>re ex<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d in EUR<span class=\"_ _4\"></span>. In ord<span class=\"_ _4\"></span>er to m<span class=\"_ _4\"></span>oni<span class=\"_ _4\"></span>tor t<span class=\"_ _4\"></span>he cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k,</div>\n<div class=\"t m8 xe hb y81 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p us<span class=\"_ _4\"></span>es a r<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>e of fore<span class=\"_ _4\"></span>ign c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>y rat<span class=\"_ _4\"></span>e hed<span class=\"_ _4\"></span>ging i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d for<span class=\"_ _7\"></span>wa<span class=\"_ _4\"></span>rd co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s if d<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>d nece<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>sar<span class=\"_ _7\"></span>y<span class=\"_ _3\"></span>.</div>\n<div class=\"t m168 xe hb y82 ff1 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">At year-<span class=\"_ _4\"></span>end 20<span class=\"_ _4\"></span>22, EX<span class=\"_ _4\"></span>MAR p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>ed US<span class=\"_ _4\"></span>D 1<span class=\"_ _1\"></span>3.8 millio<span class=\"_ _4\"></span>n for<span class=\"_ _7\"></span>war<span class=\"_ _4\"></span>ds, w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h res<span class=\"_ _4\"></span>ulte<span class=\"_ _4\"></span>d in a f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue gai<span class=\"_ _4\"></span>n of USD 1<span class=\"_ _3\"></span>.<span class=\"_ _2\"></span>1 m<span class=\"_ _4\"></span>illion.</div>\n<div class=\"t m8 xe hb y83 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s per D<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2021<span class=\"_ _1\"></span>, no \ufb01na<span class=\"_ _4\"></span>ncial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>s were o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>and<span class=\"_ _4\"></span>ing to cove<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e EUR<span class=\"_ _4\"></span>/US<span class=\"_ _4\"></span>D<span class=\"_ _1\"></span>.</div>\n<div class=\"t m8 xe hb y20b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">At year-<span class=\"_ _4\"></span>end 20<span class=\"_ _4\"></span>22, EX<span class=\"_ _4\"></span>MAR h<span class=\"_ _4\"></span>ad als<span class=\"_ _4\"></span>o pu<span class=\"_ _4\"></span>rch<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d EUR 75.6 million d<span class=\"_ _4\"></span>aily s<span class=\"_ _4\"></span>wap<span class=\"_ _4\"></span>s for US<span class=\"_ _4\"></span>D 80.6 mil<span class=\"_ _4\"></span>lion.</div>\n<div class=\"t m32e xe hb y85 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">In pr<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>r year<span class=\"_ _4\"></span>s and u<span class=\"_ _4\"></span>ntil m<span class=\"_ _4\"></span>atur<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y o<span class=\"_ _4\"></span>f the u<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>red N<span class=\"_ _4\"></span>OK 650.0 milli<span class=\"_ _4\"></span>on in M<span class=\"_ _4\"></span>ay 2022, the g<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p als<span class=\"_ _4\"></span>o clo<span class=\"_ _4\"></span>sel<span class=\"_ _4\"></span>y moni<span class=\"_ _4\"></span>tore<span class=\"_ _4\"></span>d</div>\n<div class=\"t m32f xe hb y86 ff1 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e NOK<span class=\"_ _7\"></span>/USD evo<span class=\"_ _4\"></span>luti<span class=\"_ _4\"></span>on an<span class=\"_ _4\"></span>d pur<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d for<span class=\"_ _7\"></span>war<span class=\"_ _4\"></span>d cont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s to cove<span class=\"_ _4\"></span>r the r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k. En<span class=\"_ _4\"></span>d 2021<span class=\"_ _1\"></span>, EX<span class=\"_ _4\"></span>MAR p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>ed N<span class=\"_ _4\"></span>OK 240.0</div>\n<div class=\"t m330 xe hb y87 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">millio<span class=\"_ _4\"></span>n for<span class=\"_ _7\"></span>war<span class=\"_ _4\"></span>ds fo<span class=\"_ _4\"></span>r USD 26.3 milli<span class=\"_ _4\"></span>on, whi<span class=\"_ _4\"></span>ch re<span class=\"_ _4\"></span>sult<span class=\"_ _4\"></span>ed in a f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue g<span class=\"_ _4\"></span>ain of USD 0.<span class=\"_ _3\"></span>9 millio<span class=\"_ _4\"></span>n, however i<span class=\"_ _4\"></span>n 2022 a lo<span class=\"_ _4\"></span>ss o<span class=\"_ _4\"></span>f</div>\n<div class=\"t m331 xe hb y8c ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">USD 2.6 milli<span class=\"_ _4\"></span>on wa<span class=\"_ _4\"></span>s reali<span class=\"_ _4\"></span>zed o<span class=\"_ _4\"></span>n the s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>lem<span class=\"_ _4\"></span>ent of t<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e for<span class=\"_ _7\"></span>wa<span class=\"_ _4\"></span>rds, b<span class=\"_ _4\"></span>ut w<span class=\"_ _4\"></span>as of<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et by t<span class=\"_ _4\"></span>he reali<span class=\"_ _4\"></span>zed fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n exc<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y88 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">gain u<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>n rep<span class=\"_ _4\"></span>aym<span class=\"_ _4\"></span>ent of t<span class=\"_ _4\"></span>he b<span class=\"_ _4\"></span>ond (s<span class=\"_ _4\"></span>ee No<span class=\"_ _4\"></span>te 1<span class=\"_ _1\"></span>2 Fi<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>e inco<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>/<span class=\"_ _1\"></span>ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d Note 28 Bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owi<span class=\"_ _4\"></span>ngs).</div>\n<div class=\"t m0 xe h2 y8a ff2 fs0 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>ure t<span class=\"_ _4\"></span>o ris<span class=\"_ _4\"></span>k</div>\n<div class=\"t m8 xe hb yd8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>ure to c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y ri<span class=\"_ _4\"></span>sk<span class=\"_ _4\"></span>, bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n notio<span class=\"_ _4\"></span>nal a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s in th<span class=\"_ _4\"></span>ous<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ds of f<span class=\"_ _4\"></span>oreig<span class=\"_ _4\"></span>n cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y:</div>\n<div class=\"t m8 xe hd y5b3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of local</div>\n<div class=\"t m8 xe hd y5b4 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">currency)</div>\n<div class=\"t m8 x94 hd y5b5 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _9f\"> </span>2021</div>\n<div class=\"t m8 xa2 hd y5b6 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EUR<span class=\"_ _137\"> </span>NOK<span class=\"_ _8b\"> </span>XAF<span class=\"_ _8b\"> </span>ARS<span class=\"_ _23f\"> </span>EUR<span class=\"_ _137\"> </span>NOK<span class=\"_ _e5\"> </span>SGD<span class=\"_ _8b\"> </span>ARS</div>\n<div class=\"t m8 xe hc y5b7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Receivables<span class=\"_ _170\"> </span>12,435<span class=\"_ _137\"> </span>1,899<span class=\"_ _1de\"> </span>434,754<span class=\"_ _240\"> </span>225,083<span class=\"_ _137\"> </span>5,845<span class=\"_ _8a\"> </span>55<span class=\"_ _8a\"> </span>27<span class=\"_ _240\"> </span>199,458</div>\n<div class=\"t m8 xe hc y5b8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Payables<span class=\"_ _1f2\"> </span>-16,083<span class=\"_ _7a\"> </span>0<span class=\"_ _1c7\"> </span>-12,801<span class=\"_ _1c7\"> </span>-37,564<span class=\"_ _1c7\"> </span>-10,453<span class=\"_ _1cd\"> </span>-7,636<span class=\"_ _ac\"> </span>-106<span class=\"_ _1c7\"> </span>-30,640</div>\n<div class=\"t m8 xe hc y5b9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest-bearing loans<span class=\"_ _216\"> </span>0<span class=\"_ _7a\"> </span>0<span class=\"_ _7a\"> </span>0<span class=\"_ _7a\"> </span>0<span class=\"_ _7a\"> </span>0<span class=\"_ _1ca\"> </span>-625,391<span class=\"_ _7a\"> </span>0<span class=\"_ _7a\"> </span>0</div>\n<div class=\"t m8 xe hd y5ba ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance sheet</div>\n<div class=\"t m8 xe hd y5bb ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">exposure\u2005</div>\n<div class=\"t m8 xa3 hd y5bc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-3,648<span class=\"_ _1cd\"> </span>1,899<span class=\"_ _1c3\"> </span>421,953<span class=\"_ _1c3\"> </span>187,519<span class=\"_ _1d7\"> </span>-4,608<span class=\"_ _1d0\"> </span>-632,972<span class=\"_ _1a2\"> </span>-79<span class=\"_ _241\"> </span>168,818</div>\n<div class=\"t m8 xe hc y5bd ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Forward contracts<span class=\"_ _242\"> </span>240,000</div>\n<div class=\"t m8 xe hd y5be ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net exposure<span class=\"_ _131\"> </span>-3,648<span class=\"_ _1cd\"> </span>1,899<span class=\"_ _1c3\"> </span>421,953<span class=\"_ _241\"> </span>187,519<span class=\"_ _1e5\"> </span>-4,608<span class=\"_ _1d0\"> </span>-392,972<span class=\"_ _5b\"> </span>-79<span class=\"_ _1c3\"> </span>168,818</div>\n<div class=\"t m8 xe hc y5bf ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">In thousands of USD<span class=\"_ _a0\"> </span>-3,891<span class=\"_ _5b\"> </span>193<span class=\"_ _eb\"> </span>686<span class=\"_ _137\"> </span>1,059<span class=\"_ _107\"> </span>-5,219<span class=\"_ _1c7\"> </span>-44,558<span class=\"_ _14d\"> </span>-59<span class=\"_ _137\"> </span>1,643</div>\n<div class=\"t m332 xe hb y55 ff1 fs9 fc2 sc0 ls25 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e above ove<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>iew re<span class=\"_ _4\"></span>\ufb02ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>re for t<span class=\"_ _4\"></span>he to<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>4 cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks<span class=\"_ _4\"></span>. As t<span class=\"_ _4\"></span>he X<span class=\"_ _7\"></span>AF (C<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>ral A<span class=\"_ _4\"></span>fr<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>an CFA Fran<span class=\"_ _4\"></span>c) be<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>me</div>\n<div class=\"t m8 xe hb y56 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">mor<span class=\"_ _4\"></span>e imp<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>ta<span class=\"_ _4\"></span>nt in 202<span class=\"_ _4\"></span>2 tha<span class=\"_ _4\"></span>n the S<span class=\"_ _4\"></span>GD (Sing<span class=\"_ _4\"></span>apo<span class=\"_ _4\"></span>re Do<span class=\"_ _4\"></span>llar) w<span class=\"_ _4\"></span>e have inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>he X<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span>F for 20<span class=\"_ _4\"></span>22 ins<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>ad of th<span class=\"_ _4\"></span>e SGD.</div>\n<div class=\"t m0 xe h2 y58 ff2 fs0 fc2 sc0 ls39 ws35\" style=\"z-index: 15;\">Sensitivit<span class=\"_ _4\"></span>y analysis</div>\n<div class=\"t m1f3 xe hb y59 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s per D<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2022 an i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e in t<span class=\"_ _4\"></span>he year-<span class=\"_ _4\"></span>end EUR<span class=\"_ _7\"></span>/USD r<span class=\"_ _4\"></span>ate o<span class=\"_ _4\"></span>f 1<span class=\"_ _3\"></span>0.0% wo<span class=\"_ _4\"></span>uld af<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>t the s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t of pro<span class=\"_ _4\"></span>\ufb01t</div>\n<div class=\"t m333 xe hb y5a ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">or lo<span class=\"_ _4\"></span>ss w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h USD -<span class=\"_ _4\"></span>0.4 millio<span class=\"_ _4\"></span>n (2021<span class=\"_ _1\"></span>: USD -<span class=\"_ _4\"></span>0.<span class=\"_ _4\"></span>5 million). A 1<span class=\"_ _3\"></span>0.0% de<span class=\"_ _4\"></span>cr<span class=\"_ _4\"></span>ease o<span class=\"_ _4\"></span>f the EUR<span class=\"_ _7\"></span>/USD r<span class=\"_ _4\"></span>ate wo<span class=\"_ _4\"></span>uld i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t th<span class=\"_ _4\"></span>e pro\ufb01<span class=\"_ _4\"></span>t</div>\n<div class=\"t m8 xe hb y5b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">or lo<span class=\"_ _4\"></span>ss s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h the s<span class=\"_ _4\"></span>am<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt (op<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>site s<span class=\"_ _4\"></span>ign).</div>\n<div class=\"t m8 xe hb y1bd ff1 fs9 fc2 sc0 ls2 ws3a\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s per D<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2022 an i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e in th<span class=\"_ _4\"></span>e year-e<span class=\"_ _4\"></span>nd NO<span class=\"_ _4\"></span>K<span class=\"_ _4\"></span>/<span class=\"_ _4\"></span>USD ra<span class=\"_ _4\"></span>te of 10% woul<span class=\"_ _4\"></span>d af<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>tat<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt of pr<span class=\"_ _4\"></span>o\ufb01t</div>\n<div class=\"t m32b xe hb y5d ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">or lo<span class=\"_ _4\"></span>ss w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h USD -<span class=\"_ _4\"></span>0.02 milli<span class=\"_ _4\"></span>on (2021<span class=\"_ _1\"></span>: USD -<span class=\"_ _4\"></span>4.<span class=\"_ _4\"></span>5 millio<span class=\"_ _4\"></span>n)<span class=\"_ _1\"></span>. A 10.0% de<span class=\"_ _4\"></span>cr<span class=\"_ _4\"></span>ease o<span class=\"_ _4\"></span>f the N<span class=\"_ _4\"></span>OK<span class=\"_ _4\"></span>/ US<span class=\"_ _4\"></span>D rat<span class=\"_ _4\"></span>e woul<span class=\"_ _4\"></span>d imp<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m8 xe hb y5e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>\ufb01t or lo<span class=\"_ _4\"></span>ss s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t wit<span class=\"_ _4\"></span>h th<span class=\"_ _4\"></span>e sam<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt (op<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>site s<span class=\"_ _4\"></span>ign).</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 459px; height: 672px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 459px; height: 672px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 459px; height: 672px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 459px; height: 672px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 459px; height: 672px; 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 x1 h6 y1d6 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Liquidit<span class=\"_ _4\"></span>y risk</div>\n<div class=\"t m0 x1 h2 y7f ff2 fs0 fc2 sc0 ls39 ws35\" style=\"z-index: 15;\">Liquidit<span class=\"_ _4\"></span>y risk policy</div>\n<div class=\"t m334 x1 hb y43 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p mana<span class=\"_ _4\"></span>ges t<span class=\"_ _4\"></span>he li<span class=\"_ _4\"></span>quid<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k in ord<span class=\"_ _4\"></span>er to m<span class=\"_ _4\"></span>eet \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial ob<span class=\"_ _4\"></span>liga<span class=\"_ _4\"></span>tion<span class=\"_ _4\"></span>s as th<span class=\"_ _4\"></span>ey fa<span class=\"_ _4\"></span>ll due. T<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>isk i<span class=\"_ _4\"></span>s mana<span class=\"_ _4\"></span>ged</div>\n<div class=\"t m335 x1 hb y80 ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">thr<span class=\"_ _4\"></span>oug<span class=\"_ _4\"></span>h a con<span class=\"_ _4\"></span>tinu<span class=\"_ _4\"></span>ous c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow p<span class=\"_ _4\"></span>roje<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n foll<span class=\"_ _4\"></span>ow-<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>p<span class=\"_ _3\"></span>, moni<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>ing b<span class=\"_ _4\"></span>alan<span class=\"_ _4\"></span>ce sh<span class=\"_ _4\"></span>eet li<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>io\u2019<span class=\"_ _3\"></span>s agai<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>t inte<span class=\"_ _4\"></span>rn<span class=\"_ _4\"></span>al</div>\n<div class=\"t m8 x1 hb y81 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">and r<span class=\"_ _4\"></span>egu<span class=\"_ _4\"></span>lator<span class=\"_ _7\"></span>y re<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>reme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d maint<span class=\"_ _4\"></span>ai<span class=\"_ _4\"></span>ning a di<span class=\"_ _4\"></span>ver<span class=\"_ _4\"></span>se r<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ge of f<span class=\"_ _4\"></span>und<span class=\"_ _4\"></span>ing s<span class=\"_ _4\"></span>our<span class=\"_ _4\"></span>ces w<span class=\"_ _4\"></span>ith a<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>qua<span class=\"_ _4\"></span>te bac<span class=\"_ _4\"></span>k-up f<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es.</div>\n<div class=\"t m8 x1 hb y1c9 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Dif<span class=\"_ _7\"></span>fere<span class=\"_ _4\"></span>nt de<span class=\"_ _4\"></span>bt cove<span class=\"_ _4\"></span>nant<span class=\"_ _4\"></span>s e<span class=\"_ _4\"></span>xis<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>hat re<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>re com<span class=\"_ _4\"></span>plia<span class=\"_ _4\"></span>nce w<span class=\"_ _4\"></span>ith c<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ai<span class=\"_ _4\"></span>n \ufb01nan<span class=\"_ _4\"></span>cial r<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>o\u2019<span class=\"_ _3\"></span>s. A<span class=\"_ _4\"></span>s of De<span class=\"_ _4\"></span>cem<span class=\"_ _4\"></span>ber 31<span class=\"_ _1\"></span>, 2022, E<span class=\"_ _4\"></span>X</div>\n<div class=\"t m8 x14 hb y82 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y83 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">MA<span class=\"_ _4\"></span>R was co<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>liant w<span class=\"_ _4\"></span>ith a<span class=\"_ _4\"></span>ll coven<span class=\"_ _4\"></span>ant<span class=\"_ _4\"></span>s. We al<span class=\"_ _4\"></span>so ref<span class=\"_ _4\"></span>er in t<span class=\"_ _4\"></span>his re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>o Note 28 Bo<span class=\"_ _4\"></span>rro<span class=\"_ _4\"></span>win<span class=\"_ _4\"></span>gs.</div>\n<div class=\"t m0 x1 h2 y85 ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">Maturity analysi<span class=\"_ _4\"></span>s of<span class=\"_ _1\"></span> \ufb01<span class=\"_ _4\"></span>nancial liabilities, borr<span class=\"_ _3\"></span>owings to<span class=\"_ _1\"></span> eq<span class=\"_ _4\"></span>uity accounted<span class=\"_ _3\"></span> inv<span class=\"_ _3\"></span>estees and \ufb01nancial</div>\n<div class=\"t m0 x1 h2 y52e ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">guarantees</div>\n<div class=\"t m336 x1 hb y87 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Ou<span class=\"_ _4\"></span>r cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nt \ufb01na<span class=\"_ _4\"></span>ncial l<span class=\"_ _4\"></span>iabili<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s suc<span class=\"_ _4\"></span>h as t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>de an<span class=\"_ _4\"></span>d oth<span class=\"_ _4\"></span>er pay<span class=\"_ _4\"></span>able<span class=\"_ _4\"></span>s are ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to be p<span class=\"_ _4\"></span>aid w<span class=\"_ _4\"></span>ithi<span class=\"_ _4\"></span>n the n<span class=\"_ _4\"></span>ex<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>wel<span class=\"_ _4\"></span>ve</div>\n<div class=\"t m337 x1 hb y8c ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">mon<span class=\"_ _4\"></span>ths a<span class=\"_ _4\"></span>nd are t<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>efor<span class=\"_ _4\"></span>e not inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n bel<span class=\"_ _4\"></span>ow ta<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s. Th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al mat<span class=\"_ _4\"></span>uri<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s of our \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>ies an<span class=\"_ _4\"></span>d our</div>\n<div class=\"t m285 x1 hb y88 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owin<span class=\"_ _4\"></span>gs to e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted inve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s, incl<span class=\"_ _4\"></span>udi<span class=\"_ _4\"></span>ng es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t pay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s, are d<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>aile<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he ta<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s be<span class=\"_ _4\"></span>low.</div>\n<div class=\"t m338 x1 hb y89 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al mat<span class=\"_ _4\"></span>uri<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s of our \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>ies a<span class=\"_ _4\"></span>re bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al amo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>izat<span class=\"_ _4\"></span>ion t<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>les of t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>aci<span class=\"_ _4\"></span>litie<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m8 x1 hb y8a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e und<span class=\"_ _4\"></span>raw<span class=\"_ _4\"></span>n pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s of o<span class=\"_ _4\"></span>ur cr<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>t fa<span class=\"_ _4\"></span>cilit<span class=\"_ _4\"></span>ies ar<span class=\"_ _4\"></span>e not in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>ded i<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e ta<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s bel<span class=\"_ _4\"></span>ow.</div>\n<div class=\"t m248 x1 hb yd8 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al mat<span class=\"_ _4\"></span>uri<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s of our b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s to eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n the c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow p<span class=\"_ _4\"></span>roje<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns</div>\n<div class=\"t m14d x1 hb y8b ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">for f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure yea<span class=\"_ _4\"></span>rs f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e EX<span class=\"_ _4\"></span>MA<span class=\"_ _4\"></span>R LPG s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>hol<span class=\"_ _4\"></span>der<span class=\"_ _4\"></span>\u2019s loan a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>pec<span class=\"_ _7\"></span>ted r<span class=\"_ _4\"></span>epay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e loan f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e Elec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>a Of<span class=\"_ _7\"></span>f<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1cb x1 hb y4a ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">sh<span class=\"_ _4\"></span>ore Lt<span class=\"_ _4\"></span>d fac<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y (ex<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>on an<span class=\"_ _4\"></span>d ter<span class=\"_ _4\"></span>ms s<span class=\"_ _4\"></span>til<span class=\"_ _4\"></span>l und<span class=\"_ _4\"></span>er ne<span class=\"_ _4\"></span>got<span class=\"_ _4\"></span>iatio<span class=\"_ _4\"></span>n)<span class=\"_ _3\"></span>, exclu<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g net<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing of n<span class=\"_ _4\"></span>egat<span class=\"_ _4\"></span>ive ne<span class=\"_ _4\"></span>t as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s (s<span class=\"_ _4\"></span>ee Not<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 x1 hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">1<span class=\"_ _1\"></span>9 Bo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs to e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s)<span class=\"_ _3\"></span>.</div>\n<div class=\"t m339 x1 hb y4c ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R has al<span class=\"_ _4\"></span>so p<span class=\"_ _4\"></span>rovi<span class=\"_ _4\"></span>ded g<span class=\"_ _4\"></span>uar<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s to \ufb01nan<span class=\"_ _4\"></span>cial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tit<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s that h<span class=\"_ _4\"></span>ave prov<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>d cr<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>t fa<span class=\"_ _4\"></span>cilit<span class=\"_ _4\"></span>ies t<span class=\"_ _4\"></span>o her e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y ac<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m33a x1 hb y4d ff1 fs9 fc2 sc0 ls23 wsf\" style=\"z-index: 15;\">cou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es. T<span class=\"_ _4\"></span>he am<span class=\"_ _4\"></span>ou<span class=\"_ _4\"></span>nt tha<span class=\"_ _4\"></span>t EX<span class=\"_ _4\"></span>MA<span class=\"_ _4\"></span>R coul<span class=\"_ _4\"></span>d have to p<span class=\"_ _4\"></span>ay if th<span class=\"_ _4\"></span>e guar<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>ntee i<span class=\"_ _4\"></span>s cal<span class=\"_ _4\"></span>led o<span class=\"_ _4\"></span>n, is dis<span class=\"_ _4\"></span>clo<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>low</div>\n<div class=\"t m8 x1 hb y4e ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">under \ufb01nancia<span class=\"_ _3\"></span>l guarantees.</div>\n<div class=\"t m8 x1 hd y5c0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x1 hd y5c1 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2022</div>\n<div class=\"t m8 xa4 hd y5c2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Curr<span class=\"_ _1\"></span>.</div>\n<div class=\"t m8 xa5 hd y5c0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest</div>\n<div class=\"t m8 xa6 hd y5c1 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rate</div>\n<div class=\"t m8 xa7 hd y5c2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Matur<span class=\"_ _1\"></span>.</div>\n<div class=\"t m8 x7c hd y5c0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Carrying</div>\n<div class=\"t m8 xa8 hd y5c1 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amount</div>\n<div class=\"t m8 x29 hd y5c3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Contractual cash \ufb02ows</div>\n<div class=\"t m8 x77 hd y5c4 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal<span class=\"_ _243\"> </span>&lt; 1 year<span class=\"_ _d7\"> </span>1-2 years<span class=\"_ _d7\"> </span>2-5 years<span class=\"_ _11\"> </span>&gt; 5 years</div>\n<div class=\"t m8 x1 hc y5c5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank loans VLGC's<span class=\"_ _7a\"> </span>USD<span class=\"_ _1c2\"> </span>5,62%<span class=\"_ _1e3\"> </span>2036<span class=\"_ _244\"> </span>-135,492<span class=\"_ _244\"> </span>-203,954<span class=\"_ _1e6\"> </span>-13,323<span class=\"_ _241\"> </span>-13,258<span class=\"_ _1e6\"> </span>-39,210<span class=\"_ _244\"> </span>-138,163</div>\n<div class=\"t m8 x1 hc y5c6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank/other loans -</div>\n<div class=\"t m8 x1 hc y5c7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pressurized \ufb02eet</div>\n<div class=\"t m8 x38 hc y5c8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD</div>\n<div class=\"t m8 xa9 hc y5c6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LIBOR+</div>\n<div class=\"t m8 x96 hc y5c9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 xaa hc y5ca ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2.4%</div>\n<div class=\"t m8 xab hc y5c9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2023 -</div>\n<div class=\"t m8 xac hc y5ca ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2025</div>\n<div class=\"t m8 x39 hc y5cb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-61,752<span class=\"_ _1c0\"> </span>-62,831<span class=\"_ _1c0\"> </span>-36,038<span class=\"_ _1c0\"> </span>-16,190<span class=\"_ _1c0\"> </span>-10,604<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5cc ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank loan - EXCALIBUR<span class=\"_ _1cd\"> </span>USD</div>\n<div class=\"t m8 xa9 hc y5cd ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LIBOR+</div>\n<div class=\"t m8 xaa hc y5ce ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2.5%</div>\n<div class=\"t m8 xac hc y5cc ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2023<span class=\"_ _1c0\"> </span>-10,004<span class=\"_ _1c0\"> </span>-10,458<span class=\"_ _1c0\"> </span>-10,458<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5cf ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank loans - other<span class=\"_ _3d\"> </span>EUR</div>\n<div class=\"t m8 xad hc y5d0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EURIBOR</div>\n<div class=\"t m8 xae hc y5d1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">+ 1.7%</div>\n<div class=\"t m8 xac hc y5cf ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2028<span class=\"_ _107\"> </span>-835<span class=\"_ _107\"> </span>-372<span class=\"_ _f9\"> </span>-356<span class=\"_ _e5\"> </span>-16<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5d2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _c3\"> </span>USD<span class=\"_ _197\"> </span>-2,127<span class=\"_ _240\"> </span>-2,387<span class=\"_ _107\"> </span>-507<span class=\"_ _107\"> </span>-464<span class=\"_ _240\"> </span>-1,416<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5d3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _245\"> </span>EUR<span class=\"_ _1ea\"> </span>-7,985<span class=\"_ _240\"> </span>-8,516<span class=\"_ _240\"> </span>-1,533<span class=\"_ _1c5\"> </span>-1,287<span class=\"_ _240\"> </span>-2,441<span class=\"_ _240\"> </span>-3,255</div>\n<div class=\"t m8 x1 hc y5d4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _1a\"> </span>SGD<span class=\"_ _a5\"> </span>-65<span class=\"_ _e5\"> </span>-66<span class=\"_ _e5\"> </span>-66<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0</div>\n<div class=\"t m8 x1 hc y5d5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _1a\"> </span>CNY<span class=\"_ _a5\"> </span>-66<span class=\"_ _f9\"> </span>-332<span class=\"_ _e5\"> </span>-20<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0</div>\n<div class=\"t m8 x1 hc y5d6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _1eb\"> </span>INR<span class=\"_ _5c\"> </span>-21<span class=\"_ _e5\"> </span>-22<span class=\"_ _e5\"> </span>-22<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0</div>\n<div class=\"t m8 xaf hd y5d7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-218,347<span class=\"_ _b9\"> </span>-288,939<span class=\"_ _c8\"> </span>-62,322<span class=\"_ _18c\"> </span>-31,216<span class=\"_ _c8\"> </span>-53,670<span class=\"_ _b9\"> </span>-141,419</div>\n<div class=\"t m8 x1 hd y5d8 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity</div>\n<div class=\"t m8 x1 hd y5d9 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees</div>\n<div class=\"t m8 x38 hc y5da ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD<span class=\"_ _197\"> </span><span class=\"ff2\">7,000<span class=\"_ _240\"> </span>7,840<span class=\"_ _240\"> </span>7,840<span class=\"_ _1bf\"> </span>0<span class=\"_ _1bf\"> </span>0<span class=\"_ _9c\"> </span>0</span></div>\n<div class=\"t m8 x1 hc y5db ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Financial guarantees<span class=\"_ _db\"> </span><span class=\"ff6\">USD<span class=\"_ _1ed\"> </span></span>0<span class=\"_ _b9\"> </span>-270,796<span class=\"_ _246\"> </span>-56,458<span class=\"_ _246\"> </span>-27,661<span class=\"_ _b9\"> </span>-186,676<span class=\"_ _1bf\"> </span>0</div>\n<div class=\"t m8 x1 hd y5dc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x1 hd y5dd ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2021</div>\n<div class=\"t m8 xa4 hd y5de ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Curr<span class=\"_ _1\"></span>.</div>\n<div class=\"t m8 xa5 hd y5dc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest</div>\n<div class=\"t m8 xa6 hd y5dd ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rate</div>\n<div class=\"t m8 xa7 hd y5de ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Matur<span class=\"_ _1\"></span>.</div>\n<div class=\"t m8 x7c hd y5dc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Carrying</div>\n<div class=\"t m8 xa8 hd y5dd ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amount</div>\n<div class=\"t m8 x29 hd y5df ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Contractual cash \ufb02ows</div>\n<div class=\"t m8 x77 hd y5e0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal<span class=\"_ _243\"> </span>&lt; 1 year<span class=\"_ _d7\"> </span>1-2 years<span class=\"_ _d7\"> </span>2-5 years<span class=\"_ _11\"> </span>&gt; 5 years</div>\n<div class=\"t m8 x1 hc y5e1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank/other loans -</div>\n<div class=\"t m8 x1 hc y5e2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pressurized \ufb02eet</div>\n<div class=\"t m8 x38 hc y5e3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD</div>\n<div class=\"t m8 xa9 hc y5e1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LIBOR+</div>\n<div class=\"t m8 x96 hc y5e4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 xaa hc y5e5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2.4%</div>\n<div class=\"t m8 xab hc y5e4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2023 -</div>\n<div class=\"t m8 xac hc y5e5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2025</div>\n<div class=\"t m8 x39 hc y5e6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-70,339<span class=\"_ _1c0\"> </span>-74,827<span class=\"_ _1c0\"> </span>-16,384<span class=\"_ _1c0\"> </span>-19,334<span class=\"_ _1c0\"> </span>-39,109<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5e7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank loan -</div>\n<div class=\"t m8 xb0 hc y5e8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 x1 hc y5e9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ANGO FLNG</div>\n<div class=\"t m8 x38 hc y5ea ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD</div>\n<div class=\"t m8 xa9 hc y5e8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LIBOR+ <span class=\"_ _d9\"></span> </div>\n<div class=\"t m8 xaa hc y5e9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2.2%</div>\n<div class=\"t m8 xac hc y5ea ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2029<span class=\"_ _244\"> </span>-129,265<span class=\"_ _13\"> </span>-158,464<span class=\"_ _1c0\"> </span>-21,079<span class=\"_ _1c0\"> </span>-21,880<span class=\"_ _241\"> </span>-61,334<span class=\"_ _1e6\"> </span>-54,171</div>\n<div class=\"t m8 x1 hc y5eb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank loans VLGC's<span class=\"_ _7a\"> </span>USD<span class=\"_ _1c2\"> </span>5,62%<span class=\"_ _1e3\"> </span>2036<span class=\"_ _244\"> </span>-140,927<span class=\"_ _244\"> </span>-217,650<span class=\"_ _1e6\"> </span>-13,323<span class=\"_ _241\"> </span>-13,323<span class=\"_ _1e6\"> </span>-39,465<span class=\"_ _244\"> </span>-151,540</div>\n<div class=\"t m8 x1 hc y5ec ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank loan - aircraft<span class=\"_ _8e\"> </span>USD<span class=\"_ _1c2\"> </span>3,16%<span class=\"_ _1e3\"> </span>2023<span class=\"_ _240\"> </span>-5,658<span class=\"_ _240\"> </span>-5,675<span class=\"_ _1c5\"> </span>-1,864<span class=\"_ _240\"> </span>-3,811<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5ed ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bond<span class=\"_ _1ac\"> </span>NOK</div>\n<div class=\"t m8 xb1 hc y5ee ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">NIBOR+</div>\n<div class=\"t m8 x96 hc y5ef ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 xb2 hc y5f0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">8.75%</div>\n<div class=\"t m8 xac hc y5f1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _1c0\"> </span>-71,324<span class=\"_ _1c0\"> </span>-73,966<span class=\"_ _1c0\"> </span>-73,966<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5f2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other loans<span class=\"_ _1c\"> </span>USD<span class=\"_ _195\"> </span>1,0%<span class=\"_ _1e3\"> </span>2025<span class=\"_ _240\"> </span>-1,194<span class=\"_ _240\"> </span>-1,194<span class=\"_ _1c5\"> </span>-1,194<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5f3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _c3\"> </span>USD<span class=\"_ _197\"> </span>-2,550<span class=\"_ _240\"> </span>-2,969<span class=\"_ _107\"> </span>-581<span class=\"_ _107\"> </span>-507<span class=\"_ _240\"> </span>-1,399<span class=\"_ _107\"> </span>-481</div>\n<div class=\"t m8 x1 hc y5f4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _245\"> </span>EUR<span class=\"_ _1ea\"> </span>-3,422<span class=\"_ _240\"> </span>-3,578<span class=\"_ _107\"> </span>-858<span class=\"_ _f9\"> </span>-833<span class=\"_ _240\"> </span>-1,667<span class=\"_ _107\"> </span>-220</div>\n<div class=\"t m8 x1 hc y5f5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _1a\"> </span>SGD<span class=\"_ _a5\"> </span>-66<span class=\"_ _e5\"> </span>-67<span class=\"_ _e5\"> </span>-66<span class=\"_ _eb\"> </span>-1<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0</div>\n<div class=\"t m8 x1 hc y5f6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _1eb\"> </span>INR<span class=\"_ _5c\"> </span>-67<span class=\"_ _e5\"> </span>-72<span class=\"_ _e5\"> </span>-48<span class=\"_ _e5\"> </span>-25<span class=\"_ _de\"> </span>0<span class=\"_ _de\"> </span>0</div>\n<div class=\"t m8 x1 hc y5f7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities ROU</div>\n<div class=\"t m8 x1 hc y5f8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">assets</div>\n<div class=\"t m8 xb3 hc y5f9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">CNY</div>\n<div class=\"t m8 xaf hd y5fa ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-424,812<span class=\"_ _b9\"> </span>-538,463<span class=\"_ _b9\"> </span>-129,364<span class=\"_ _246\"> </span>-59,712<span class=\"_ _b7\"> </span>-142,975<span class=\"_ _b9\"> </span>-206,412</div>\n<div class=\"t m8 x1 hd y5fb ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity</div>\n<div class=\"t m8 x1 hd y5fc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees</div>\n<div class=\"t m8 xb3 hc y5fd ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD<span class=\"_ _a3\"> </span><span class=\"ff2\">40,167<span class=\"_ _f\"> </span>43,774<span class=\"_ _1e6\"> </span>18,683<span class=\"_ _240\"> </span>7,609<span class=\"_ _f\"> </span>17,483<span class=\"_ _1bf\"> </span>0</span></div>\n<div class=\"t m8 x1 hc y5fe ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Financial guarantees<span class=\"_ _db\"> </span><span class=\"ff6\">USD<span class=\"_ _1ed\"> </span></span>0<span class=\"_ _b9\"> </span>-236,918<span class=\"_ _246\"> </span>-37,828<span class=\"_ _b9\"> </span>-124,860<span class=\"_ _246\"> </span>-20,495<span class=\"_ _246\"> </span>-53,734</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 92px; height: 1039px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 92px; height: 1039px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 92px; height: 1039px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 92px; height: 1039px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 92px; height: 1039px; 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></div>\n<div class=\"t m0 xe h6 y1d6 ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Fair<span class=\"_ _1\"></span> values</div>\n<div class=\"t m0 xe h2 y7f ff2 fs0 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">C<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>yi<span class=\"_ _4\"></span>ng a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s ve<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>us f<span class=\"_ _4\"></span>ai<span class=\"_ _4\"></span>r va<span class=\"_ _4\"></span>lue<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hd y3be ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _6f\"> </span>2022<span class=\"_ _196\"> </span>2021</div>\n<div class=\"t m8 x2 hd y5ff ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">FV hierarchy</div>\n<div class=\"t m8 x63 hd y600 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Carrying</div>\n<div class=\"t m8 x99 hd y601 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amount</div>\n<div class=\"t m8 x94 hd y5ff ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fair value<span class=\"_ _c9\"> </span>FV hierarchy</div>\n<div class=\"t m8 x17 hd y600 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Carrying</div>\n<div class=\"t m8 x59 hd y601 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amount</div>\n<div class=\"t m8 x91 hd y5ff ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fair value</div>\n<div class=\"t m8 xe hc y602 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity accounted</div>\n<div class=\"t m8 xe hc y603 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">investees</div>\n<div class=\"t m8 xb4 hc y604 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2<span class=\"_ _de\"> </span>7,000<span class=\"_ _df\"> </span>7,000<span class=\"_ _e0\"> </span>2<span class=\"_ _db\"> </span>40,167<span class=\"_ _db\"> </span>39,966</div>\n<div class=\"t m8 xe hc y605 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other investments - equity</div>\n<div class=\"t m8 xe hc y606 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">instruments at FVTLP</div>\n<div class=\"t m8 xb5 hc y607 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">1/2<span class=\"_ _de\"> </span>1,849<span class=\"_ _df\"> </span>1,849<span class=\"_ _1c1\"> </span>1/2<span class=\"_ _df\"> </span>1,849<span class=\"_ _df\"> </span>1,849</div>\n<div class=\"t m8 xe hc y608 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Derivative \ufb01nancial asset<span class=\"_ _222\"> </span>2<span class=\"_ _8e\"> </span>573<span class=\"_ _8e\"> </span>573<span class=\"_ _f3\"> </span>920<span class=\"_ _8e\"> </span>920</div>\n<div class=\"t m8 xe hc y609 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings (excluding lease</div>\n<div class=\"t m8 xe hc y60a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">liabilities)</div>\n<div class=\"t m8 xb4 hc y60b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2<span class=\"_ _107\"> </span>-208,083<span class=\"_ _f9\"> </span>-234,700<span class=\"_ _e0\"> </span>2<span class=\"_ _f9\"> </span>-418,707<span class=\"_ _107\"> </span>-418,720</div>\n<div class=\"t m8 x45 hd y60c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-198,662<span class=\"_ _fe\"> </span>-225,278<span class=\"_ _1f2\"> </span>-375,771<span class=\"_ _fe\"> </span>-375,985</div>\n\n<div class=\"t m8 xe hb y8a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m1a6 x3f hb y8a ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liabi<span class=\"_ _4\"></span>litie<span class=\"_ _4\"></span>s c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>rie<span class=\"_ _4\"></span>d at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue are a<span class=\"_ _4\"></span>naly<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d an<span class=\"_ _4\"></span>d a hier<span class=\"_ _4\"></span>arc<span class=\"_ _4\"></span>hy in va<span class=\"_ _4\"></span>luati<span class=\"_ _4\"></span>on me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>d has b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 x3f hb yd8 ff1 fs9 fc2 sc0 ls25 ws19\" style=\"z-index: 15;\">de<span class=\"_ _4\"></span>\ufb01n<span class=\"_ _4\"></span>ed:<span class=\"_ _4\"></span> </div>\n<div class=\"t m8 xe hb y1d8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Level 1 b<span class=\"_ _4\"></span>ein<span class=\"_ _4\"></span>g quo<span class=\"_ _4\"></span>ted bi<span class=\"_ _4\"></span>d pr<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s in ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ive mar<span class=\"_ _4\"></span>ket<span class=\"_ _4\"></span>s fo<span class=\"_ _4\"></span>r ide<span class=\"_ _4\"></span>ntic<span class=\"_ _4\"></span>al a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s or li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s;</div>\n<div class=\"t m8 xe hb y60d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m1a7 x3f hb y4a ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Level 2 b<span class=\"_ _4\"></span>ein<span class=\"_ _4\"></span>g inp<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s in ot<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>han q<span class=\"_ _4\"></span>uote<span class=\"_ _4\"></span>d pr<span class=\"_ _4\"></span>ices i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d in level 1 t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e obs<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>vab<span class=\"_ _4\"></span>le fo<span class=\"_ _4\"></span>r the re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x3f hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">and l<span class=\"_ _4\"></span>iabil<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s, eit<span class=\"_ _4\"></span>her d<span class=\"_ _4\"></span>irec<span class=\"_ _7\"></span>tly (as p<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ces) or i<span class=\"_ _4\"></span>ndir<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ly (der<span class=\"_ _4\"></span>ive<span class=\"_ _4\"></span>d fr<span class=\"_ _4\"></span>om pr<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>es);</div>\n<div class=\"t m8 xe hb yd1 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Level 3 b<span class=\"_ _4\"></span>ein<span class=\"_ _4\"></span>g inp<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s fo<span class=\"_ _4\"></span>r the a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et or li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y th<span class=\"_ _4\"></span>at are no<span class=\"_ _4\"></span>t bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n obs<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>va<span class=\"_ _4\"></span>ble ma<span class=\"_ _4\"></span>rket d<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>a.</div>\n<div class=\"t m8 xe hb yd2 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e brea<span class=\"_ _4\"></span>kdow<span class=\"_ _4\"></span>n bet<span class=\"_ _7\"></span>wee<span class=\"_ _4\"></span>n level 1 a<span class=\"_ _4\"></span>nd 2 of t<span class=\"_ _4\"></span>he eq<span class=\"_ _4\"></span>uit<span class=\"_ _7\"></span>y ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s at F<span class=\"_ _7\"></span>V<span class=\"_ _4\"></span>TPL is s<span class=\"_ _4\"></span>how<span class=\"_ _4\"></span>n in t<span class=\"_ _4\"></span>he b<span class=\"_ _4\"></span>egin<span class=\"_ _4\"></span>ning of t<span class=\"_ _4\"></span>his n<span class=\"_ _4\"></span>ote.</div>\n<div class=\"t m0 xe h2 y72 ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">Basis for determining<span class=\"_ _3\"></span> fair values:</div>\n<div class=\"t m8 xe hb y4f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m300 x3f hb y4f ff2 fs9 fc2 sc0 ls27 ws22\" style=\"z-index: 15;\">Borrowings<span class=\"_ _3\"></span> to<span class=\"_ _3\"></span> equity account<span class=\"_ _3\"></span>ed in<span class=\"_ _3\"></span>vestees<span class=\"_ _3\"></span>:<span class=\"ff1 ls2 wsf\"> pres<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alu<span class=\"_ _4\"></span>e of fu<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>sh \ufb02<span class=\"_ _4\"></span>ows, d<span class=\"_ _4\"></span>isc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted at t<span class=\"_ _4\"></span>he ma<span class=\"_ _4\"></span>rket r<span class=\"_ _4\"></span>ate </span></div>\n<div class=\"t m8 x3f hb y50 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t at r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing d<span class=\"_ _4\"></span>ate or t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue of t<span class=\"_ _4\"></span>he und<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>lyi<span class=\"_ _4\"></span>ng pl<span class=\"_ _4\"></span>edg<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et</div>\n<div class=\"t m8 xe hb y1d1 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span><span class=\"ff2\">Eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s at F<span class=\"_ _4\"></span>V<span class=\"_ _7\"></span>TPL: </span></div>\n<div class=\"t m8 x1 hb y60e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> <span class=\"_ _247\"></span>-<span class=\"_ _cb\"> </span>Qu<span class=\"_ _4\"></span>ote<span class=\"_ _4\"></span>d clos<span class=\"_ _4\"></span>ing b<span class=\"_ _4\"></span>id pr<span class=\"_ _4\"></span>ice a<span class=\"_ _4\"></span>t rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>ting d<span class=\"_ _4\"></span>ate fo<span class=\"_ _4\"></span>r Fronte<span class=\"_ _4\"></span>ra s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es</div>\n<div class=\"t m8 x1 hb y60f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> <span class=\"_ _247\"></span>-<span class=\"_ _cb\"> </span>No<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>q<span class=\"_ _4\"></span>uote<span class=\"_ _4\"></span>d clo<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>g \ufb01x<span class=\"_ _4\"></span>ing p<span class=\"_ _4\"></span>ric<span class=\"_ _4\"></span>e at rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g date t<span class=\"_ _4\"></span>hro<span class=\"_ _4\"></span>ugh a p<span class=\"_ _4\"></span>ubl<span class=\"_ _4\"></span>ic auc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion v<span class=\"_ _4\"></span>ia Euro<span class=\"_ _4\"></span>nex<span class=\"_ _4\"></span>t fo<span class=\"_ _4\"></span>r Sib<span class=\"_ _4\"></span>elco s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es</div>\n<div class=\"t m8 xe hb y610 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m33b x3f hb y54 ff2 fs9 fc2 sc0 ls2e wsc\" style=\"z-index: 15;\">Forward contrac<span class=\"_ _4\"></span>ts:<span class=\"ff1 ls1c wsf\"> pres<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alu<span class=\"_ _4\"></span>e of the d<span class=\"_ _4\"></span>if<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>nce b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>we<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he for<span class=\"_ _7\"></span>wa<span class=\"_ _4\"></span>rd pr<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>e at rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g date a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>he for<span class=\"ls2 ws2\">-</span></span></div>\n<div class=\"t m8 x3f hb y73 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">war<span class=\"_ _4\"></span>d pr<span class=\"_ _4\"></span>ice p<span class=\"_ _4\"></span>aid</div>\n<div class=\"t m8 xe hb y1d3 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m33c x3f hb y55 ff2 fs9 fc2 sc0 ls35 ws1c\" style=\"z-index: 15;\">Interest bearing loans:<span class=\"ff1 ls19 wsb\"> pres<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alue of f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s, dis<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d at th<span class=\"_ _4\"></span>e mar<span class=\"_ _4\"></span>ket r<span class=\"_ _4\"></span>ate of int<span class=\"_ _4\"></span>eres<span class=\"_ _4\"></span>t at r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"ls2 ws2\">-</span></span></div>\n<div class=\"t m8 x3f hb y56 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ing d<span class=\"_ _4\"></span>ate</div>\n<div class=\"t m2c0 xe hb y57 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">For ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liabi<span class=\"_ _4\"></span>litie<span class=\"_ _4\"></span>s (tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>e an<span class=\"_ _4\"></span>d othe<span class=\"_ _4\"></span>r rec<span class=\"_ _4\"></span>eiv<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>es, c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h and c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h eq<span class=\"_ _4\"></span>uiv<span class=\"_ _4\"></span>alen<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s, tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>e and ot<span class=\"_ _4\"></span>her</div>\n<div class=\"t m188 xe hb y58 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">paya<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s and l<span class=\"_ _4\"></span>ease l<span class=\"_ _4\"></span>iabili<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s) not c<span class=\"_ _4\"></span>arr<span class=\"_ _4\"></span>ie<span class=\"_ _4\"></span>d at fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>e, no fair v<span class=\"_ _4\"></span>alue i<span class=\"_ _4\"></span>s dis<span class=\"_ _4\"></span>clos<span class=\"_ _4\"></span>ed b<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>au<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>he ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _4\"></span>ng amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y59 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">a reas<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>able a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>rox<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>ion of t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ues<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 8%; bottom: 542px; height: 350px; width: 84%; z-index: 7;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 542px; height: 589px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 542px; height: 589px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 542px; height: 589px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 542px; height: 589px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 542px; height: 589px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 542px; height: 589px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1 h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 3<span class=\"_ _1\"></span>3 \u2013 LE<span class=\"_ _4\"></span>ASES</div>\n<div class=\"t m0 x1 h6 y1ba ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Lea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s as a le<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ee</div>\n<div class=\"t m8 x1 hb y80 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p leas<span class=\"_ _4\"></span>es p<span class=\"_ _4\"></span>rop<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>tie<span class=\"_ _4\"></span>s, moto<span class=\"_ _4\"></span>r vehic<span class=\"_ _4\"></span>les a<span class=\"_ _4\"></span>nd IT e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>pme<span class=\"_ _4\"></span>nt.</div>\n<div class=\"t m8 x1 hd y584 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x1 hc y585 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">RIGHT<span class=\"_ _2\"></span>-OF-USE ASSETS<span class=\"_ _248\"> </span>Property<span class=\"_ _137\"> </span>IT equipment<span class=\"_ _1d3\"> </span>T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 x1 hc y586 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2021<span class=\"_ _249\"> </span>5,827<span class=\"_ _25\"> </span>173<span class=\"_ _15\"> </span>6,000</div>\n<div class=\"t m8 x1 hc y587 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2022<span class=\"_ _45\"> </span>10,143<span class=\"_ _25\"> </span>767<span class=\"_ _1cc\"> </span>10,910</div>\n<div class=\"t m2c7 x1 hb y87 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">For t<span class=\"_ _4\"></span>he fu<span class=\"_ _4\"></span>ll roll fo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>ard s<span class=\"_ _4\"></span>che<span class=\"_ _4\"></span>dul<span class=\"_ _4\"></span>e in re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>ight-<span class=\"_ _4\"></span>of-<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>ding t<span class=\"_ _4\"></span>he d<span class=\"_ _4\"></span>epr<span class=\"_ _4\"></span>ecia<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n char<span class=\"_ _4\"></span>ge fo<span class=\"_ _4\"></span>r the yea<span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>,</div>\n<div class=\"t m8 x1 hb y8c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">we ref<span class=\"_ _4\"></span>er to No<span class=\"_ _4\"></span>te 1<span class=\"_ _1\"></span>6 Rig<span class=\"_ _4\"></span>ht-<span class=\"_ _4\"></span>of-<span class=\"_ _4\"></span>use a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s of t<span class=\"_ _4\"></span>his an<span class=\"_ _4\"></span>nual r<span class=\"_ _4\"></span>epo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>.</div>\n<div class=\"t m33d x1 hb y88 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p has s<span class=\"_ _4\"></span>ever<span class=\"_ _4\"></span>al lea<span class=\"_ _4\"></span>se co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>hat in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>de ex<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>nsio<span class=\"_ _4\"></span>n or te<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>inat<span class=\"_ _4\"></span>ion o<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>ns. T<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e op<span class=\"_ _4\"></span>tion<span class=\"_ _4\"></span>s are ne<span class=\"_ _4\"></span>got<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>d</div>\n<div class=\"t m33e x1 hb y89 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">by man<span class=\"_ _4\"></span>age<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t to prov<span class=\"_ _4\"></span>ide \ufb02<span class=\"_ _4\"></span>exi<span class=\"_ _4\"></span>bilit<span class=\"_ _7\"></span>y in ma<span class=\"_ _4\"></span>nagin<span class=\"_ _4\"></span>g it<span class=\"_ _4\"></span>s lea<span class=\"_ _4\"></span>se p<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>foli<span class=\"_ _4\"></span>o. Judg<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>ent is a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>lied i<span class=\"_ _4\"></span>n det<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>mini<span class=\"_ _4\"></span>ng wh<span class=\"_ _4\"></span>eth<span class=\"_ _4\"></span>er</div>\n<div class=\"t m8 x1 hb y8a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>ese e<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>tens<span class=\"_ _4\"></span>ion a<span class=\"_ _4\"></span>nd op<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns are r<span class=\"_ _4\"></span>easo<span class=\"_ _4\"></span>nab<span class=\"_ _4\"></span>ly ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain to b<span class=\"_ _4\"></span>e exer<span class=\"_ _4\"></span>cis<span class=\"_ _4\"></span>ed (se<span class=\"_ _4\"></span>e Note 1 A<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng po<span class=\"_ _4\"></span>lici<span class=\"_ _4\"></span>es).</div>\n<div class=\"t m33f x1 hb yd8 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">For t<span class=\"_ _4\"></span>he mat<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>naly<span class=\"_ _4\"></span>sis in r<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t of rel<span class=\"_ _4\"></span>ated l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es, we r<span class=\"_ _4\"></span>efer to N<span class=\"_ _4\"></span>ote 32 Fi<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial r<span class=\"_ _4\"></span>isk<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d \ufb01nan<span class=\"_ _4\"></span>cial i<span class=\"_ _4\"></span>n<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y8b ff1 fs9 fc2 sc0 ls17 ws2c\" style=\"z-index: 15;\">st<span class=\"_ _4\"></span>rum<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m0 x1 h6 y206 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ts r<span class=\"_ _4\"></span>ecog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss</div>\n<div class=\"t m8 x1 hd y611 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x1 hd y612 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LEASES UNDER IFRS 16</div>\n<div class=\"t m8 x1d hd y613 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y614 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest on lease liability<span class=\"_ _75\"> </span>266<span class=\"_ _25\"> </span>166\u2005</div>\n<div class=\"t m8 x1 hc y615 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Expenses related to short-term leases and low value assets<span class=\"_ _24a\"> </span>499<span class=\"_ _25\"> </span>522\u2005</div>\n<div class=\"t m0 x1 h6 y616 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Lea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s as a le<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>or</div>\n<div class=\"t m181 x1 hb yc2 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p ente<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d into lo<span class=\"_ _4\"></span>ng<span class=\"_ _4\"></span>-ter<span class=\"_ _4\"></span>m t<span class=\"_ _4\"></span>ime c<span class=\"_ _4\"></span>har<span class=\"_ _7\"></span>ter ag<span class=\"_ _4\"></span>ree<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s for c<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s in i<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s \ufb02ee<span class=\"_ _4\"></span>t. In re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _7\"></span>t of leas<span class=\"_ _4\"></span>e cl<span class=\"_ _4\"></span>as<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m340 x1 hb y9c ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">si\ufb01<span class=\"_ _4\"></span>cat<span class=\"_ _4\"></span>ion, it w<span class=\"_ _4\"></span>as jud<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>d tha<span class=\"_ _4\"></span>t sub<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>tially a<span class=\"_ _4\"></span>ll ris<span class=\"_ _4\"></span>k<span class=\"_ _4\"></span>s and re<span class=\"_ _4\"></span>war<span class=\"_ _4\"></span>ds re<span class=\"_ _4\"></span>main w<span class=\"_ _4\"></span>ith t<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup. A<span class=\"_ _4\"></span>s a con<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>nce, the<span class=\"_ _4\"></span>se</div>\n<div class=\"t m8 x1 hb yc3 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">agr<span class=\"_ _4\"></span>eem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s q<span class=\"_ _4\"></span>ualif<span class=\"_ _7\"></span>y as op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ng lea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m8 x1 hb y617 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Rent<span class=\"_ _4\"></span>al i<span class=\"_ _4\"></span>ncom<span class=\"_ _4\"></span>e rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d by th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up du<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g 2022 w<span class=\"_ _4\"></span>as USD 65.<span class=\"_ _1\"></span>1 millio<span class=\"_ _4\"></span>n (2021<span class=\"_ _1\"></span>: USD 4<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>9 millio<span class=\"_ _4\"></span>n)<span class=\"_ _1\"></span>.</div>\n<div class=\"t m341 x1 hb y9e ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e follow<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s out a ma<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>naly<span class=\"_ _4\"></span>sis of l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e pay<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s, s<span class=\"_ _4\"></span>how<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he un<span class=\"_ _4\"></span>dis<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e pay<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s to b<span class=\"_ _4\"></span>e</div>\n<div class=\"t m342 x1 hb y9f ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">rec<span class=\"_ _4\"></span>eive<span class=\"_ _4\"></span>d af<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r the r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing d<span class=\"_ _4\"></span>ate. No va<span class=\"_ _4\"></span>ria<span class=\"_ _4\"></span>ble l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e paym<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ed. T<span class=\"_ _4\"></span>he in<span class=\"_ _4\"></span>crea<span class=\"_ _4\"></span>se i<span class=\"_ _4\"></span>n tota<span class=\"_ _4\"></span>l leas<span class=\"_ _4\"></span>e pay<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x1 hb yc5 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(at the s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>sidi<span class=\"_ _4\"></span>ari<span class=\"_ _4\"></span>es) co<span class=\"_ _4\"></span>mpar<span class=\"_ _4\"></span>ed to 2<span class=\"_ _4\"></span>021 is mainly t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>t of:</div>\n<div class=\"t m8 x1 hb y618 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m22e x3b hb ya0 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e new \ufb01ve<span class=\"_ _4\"></span>-ye<span class=\"_ _4\"></span>ar ch<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r agre<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>ent fo<span class=\"_ _4\"></span>r the EEMSH<span class=\"_ _4\"></span>A<span class=\"_ _3\"></span>VEN FSRU, sign<span class=\"_ _4\"></span>ed in M<span class=\"_ _4\"></span>arc<span class=\"_ _4\"></span>h 2022 wi<span class=\"_ _4\"></span>th GA<span class=\"_ _4\"></span>SUN<span class=\"_ _4\"></span>IE and i<span class=\"_ _4\"></span>n<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x3b hb ya1 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">clu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e 2021 tab<span class=\"_ _4\"></span>le as f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m the ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>abi<span class=\"_ _4\"></span>lit<span class=\"_ _4\"></span>y at t<span class=\"_ _4\"></span>he en<span class=\"_ _4\"></span>d of th<span class=\"_ _4\"></span>e thir<span class=\"_ _4\"></span>d qua<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r 2022;</div>\n<div class=\"t m8 x1 hb y619 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Th<span class=\"_ _4\"></span>e new te<span class=\"_ _4\"></span>n-ye<span class=\"_ _4\"></span>ar ch<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r agr<span class=\"_ _4\"></span>eem<span class=\"_ _4\"></span>ent fo<span class=\"_ _4\"></span>r the E<span class=\"_ _4\"></span>XC<span class=\"_ _4\"></span>ALI<span class=\"_ _4\"></span>BUR FSU wi<span class=\"_ _4\"></span>th Eni (s<span class=\"_ _4\"></span>ee N<span class=\"_ _4\"></span>ote 4 Dive<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tit<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>s);</div>\n<div class=\"t m97 x1 hb ya3 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e tab<span class=\"_ _4\"></span>le b<span class=\"_ _4\"></span>elow r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s onl<span class=\"_ _4\"></span>y incl<span class=\"_ _4\"></span>ude<span class=\"_ _4\"></span>s E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R<span class=\"_ _4\"></span>\u2019<span class=\"_ _3\"></span>s shar<span class=\"_ _4\"></span>e in th<span class=\"_ _4\"></span>e ex<span class=\"_ _4\"></span>pec<span class=\"_ _7\"></span>ted o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ing</div>\n<div class=\"t m8 x1 hb ya4 ff1 fs9 fc2 sc0 ls31 ws3e\" style=\"z-index: 15;\">lease<span class=\"_ _3\"></span> paymen<span class=\"_ _3\"></span>ts.</div>\n<div class=\"t m8 x1 hd y61a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y61b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Less than one year<span class=\"_ _171\"> </span>80,662<span class=\"_ _1a\"> </span>50,398\u2005</div>\n<div class=\"t m8 x1 hc y61c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">One to two years<span class=\"_ _a6\"> </span>62,765<span class=\"_ _1a\"> </span>46,078\u2005</div>\n<div class=\"t m8 x1 hc y61d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>wo to three years<span class=\"_ _24b\"> </span>62,646<span class=\"_ _1a\"> </span>44,460\u2005</div>\n<div class=\"t m8 x1 hc y61e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Three to four years<span class=\"_ _1bc\"> </span>55,187<span class=\"_ _1a\"> </span>44,396\u2005</div>\n<div class=\"t m8 x1 hc y61f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Four to \ufb01ve years<span class=\"_ _a6\"> </span>32,850<span class=\"_ _1a\"> </span>36,797\u2005</div>\n<div class=\"t m8 x1 hc y620 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">More than \ufb01ve years<span class=\"_ _24c\"> </span>85,045<span class=\"_ _1a\"> </span>17,472\u2005</div>\n<div class=\"t m8 x1 hd y621 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal operating leases under IFRS 16 (Subsidiaries)<span class=\"_ _24d\"> </span>379,155\u2005<span class=\"_ _7a\"> </span>239,601\u2005</div>\n<div class=\"t m8 x1 hc y622 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Less than one year<span class=\"_ _171\"> </span>72,472<span class=\"_ _1a\"> </span>67,335\u2005</div>\n<div class=\"t m8 x1 hc y623 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">One to two years<span class=\"_ _a6\"> </span>28,349<span class=\"_ _1a\"> </span>21,554\u2005</div>\n<div class=\"t m8 x1 hc y624 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>wo to three years<span class=\"_ _24b\"> </span>16,101<span class=\"_ _1a\"> </span>17,415\u2005</div>\n<div class=\"t m8 x1 hc y625 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Three to four years<span class=\"_ _200\"> </span>5,432<span class=\"_ _1a\"> </span>12,553\u2005</div>\n<div class=\"t m8 x1 hc y626 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Four to \ufb01ve years<span class=\"_ _b5\"> </span>1,806<span class=\"_ _27\"> </span>5,425\u2005</div>\n<div class=\"t m8 x1 hc y627 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">More than \ufb01ve years<span class=\"_ _24e\"> </span>0<span class=\"_ _15\"> </span>1,750\u2005</div>\n<div class=\"t m8 x1 hd y628 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal operating leases under IFRS 16 (equity accounted investees)<span class=\"_ _8f\"> </span>124,160\u2005<span class=\"_ _7a\"> </span>126,031\u2005</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 148px; height: 991px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 148px; height: 991px; width: 96%; z-index: 1;\"><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 xe h11 y42 ff2 fsb fc3 sc0 ls57 ws61\" style=\"z-index: 15;\">NOTE 34 - CAPIT<span class=\"_ _2\"></span>AL<span class=\"_ _4\"></span> COM<span class=\"_ _3\"></span>MITMENTS</div>\n<div class=\"t m343 xe hb y7f ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">At year-<span class=\"_ _4\"></span>end 20<span class=\"_ _4\"></span>22, the Gr<span class=\"_ _4\"></span>oup h<span class=\"_ _4\"></span>as c<span class=\"_ _4\"></span>api<span class=\"_ _4\"></span>tal c<span class=\"_ _4\"></span>ommi<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s wi<span class=\"_ _4\"></span>th i<span class=\"_ _4\"></span>ts j<span class=\"_ _4\"></span>oint-ve<span class=\"_ _4\"></span>ntu<span class=\"_ _4\"></span>re par<span class=\"_ _7\"></span>tn<span class=\"_ _4\"></span>er SE<span class=\"_ _4\"></span>APE<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span>K (each 5<span class=\"_ _4\"></span>0%) relat<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m344 xe hb y43 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">to sh<span class=\"_ _4\"></span>ipb<span class=\"_ _4\"></span>uild<span class=\"_ _4\"></span>ing co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h Hyu<span class=\"_ _4\"></span>ndai M<span class=\"_ _4\"></span>ipo D<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>k<span class=\"_ _4\"></span>yard CO, Ltd. for t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion of t<span class=\"_ _7\"></span>wo new m<span class=\"_ _4\"></span>ids<span class=\"_ _4\"></span>ize 46,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0m</div>\n<div class=\"t m345 x3d h15 y629 ff1 fse fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">3</div>\n<div class=\"t m344 xb6 hb y43 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 xe hb y80 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LPG<span class=\"_ _4\"></span>/<span class=\"_ _3\"></span>ammo<span class=\"_ _4\"></span>nia c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s for a tot<span class=\"_ _4\"></span>al v<span class=\"_ _4\"></span>alue of US<span class=\"_ _4\"></span>D 1<span class=\"_ _1\"></span>38.0 mil<span class=\"_ _4\"></span>lion, of w<span class=\"_ _4\"></span>hich US<span class=\"_ _4\"></span>D 1<span class=\"_ _1\"></span>3.8 milli<span class=\"_ _4\"></span>on has b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n pre<span class=\"_ _4\"></span>pai<span class=\"_ _4\"></span>d in 2022.</div>\n<div class=\"t m8 xe hb y62a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Per Dec<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2021<span class=\"_ _1\"></span>, the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p had no m<span class=\"_ _4\"></span>ater<span class=\"_ _4\"></span>ial o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>ng c<span class=\"_ _4\"></span>apit<span class=\"_ _4\"></span>al c<span class=\"_ _4\"></span>ommi<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 1037px; height: 102px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 1037px; height: 102px; width: 94%; z-index: 2;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 xe h11 y88 ff2 fsb fc3 sc0 ls40 ws44\" style=\"z-index: 15;\">NOTE 3<span class=\"_ _1\"></span>5 \u2013 CONTINGENCIES</div>\n<div class=\"t m346 xe hb y8a ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Seve<span class=\"_ _4\"></span>ral o<span class=\"_ _4\"></span>f the Gr<span class=\"_ _4\"></span>oup\u2019<span class=\"_ _3\"></span>s com<span class=\"_ _4\"></span>pani<span class=\"_ _4\"></span>es are i<span class=\"_ _4\"></span>nvolve<span class=\"_ _4\"></span>d in a nu<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r of le<span class=\"_ _4\"></span>gal di<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>utes a<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>sing f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m the<span class=\"_ _4\"></span>ir day-<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>day op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb yd8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">tio<span class=\"_ _4\"></span>ns.  M<span class=\"_ _4\"></span>anag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt do<span class=\"_ _4\"></span>es not e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>he o<span class=\"_ _4\"></span>utco<span class=\"_ _4\"></span>me of t<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e pro<span class=\"_ _4\"></span>ce<span class=\"_ _4\"></span>dur<span class=\"_ _4\"></span>es to have a<span class=\"_ _4\"></span>ny mater<span class=\"_ _4\"></span>ial ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>t on t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up\u2019<span class=\"_ _1\"></span>s</div>\n<div class=\"t m8 xe hb y1d8 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">\ufb01nancial<span class=\"_ _3\"></span> position.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 839px; height: 86px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 839px; height: 86px; width: 94%; z-index: 2;\"><br/></div>\n\n\n<div class=\"t m0 xe h11 y9b ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 3<span class=\"_ _1\"></span>6 - REL<span class=\"_ _4\"></span>A<span class=\"_ _1\"></span>TED P<span class=\"_ _2\"></span>ARTIES</div>\n<div class=\"t m0 xe h6 y62b ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Ultimate c<span class=\"_ _3\"></span>ontrolling part<span class=\"_ _4\"></span>y</div>\n<div class=\"t m347 xe hb y73 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Saverex NV<span class=\"_ _1\"></span>, th<span class=\"_ _4\"></span>e majo<span class=\"_ _4\"></span>r Belg<span class=\"_ _4\"></span>ian s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>hol<span class=\"_ _4\"></span>der of EXMAR NV pre<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>es IFRS c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>olid<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d \ufb01nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h</div>\n<div class=\"t m342 xe hb y55 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">are p<span class=\"_ _4\"></span>ubli<span class=\"_ _4\"></span>cly av<span class=\"_ _4\"></span>ailab<span class=\"_ _4\"></span>le. Saver<span class=\"_ _4\"></span>ex NV is c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rolle<span class=\"_ _4\"></span>d by Mr. Nicolas S<span class=\"_ _4\"></span>aver<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>s (E<span class=\"_ _4\"></span>xec<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ive c<span class=\"_ _4\"></span>hair<span class=\"_ _4\"></span>man o<span class=\"_ _4\"></span>f the B<span class=\"_ _4\"></span>oard o<span class=\"_ _4\"></span>f Dire<span class=\"_ _4\"></span>c<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y56 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">tor<span class=\"_ _4\"></span>s of E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR).  </div>\n<div class=\"t m0 xe h6 y62c ff2 fs4 fc1 sc0 ls45 ws65\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ransac<span class=\"_ _4\"></span>tions with controlling<span class=\"_ _3\"></span> shareholder and with controlling<span class=\"_ _3\"></span> shareholder related parties</div>\n<div class=\"t m94 xe hb y5a ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Saver<span class=\"_ _4\"></span>b<span class=\"_ _4\"></span>el NV<span class=\"_ _1\"></span>, co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>olle<span class=\"_ _4\"></span>d by Mr<span class=\"_ _1\"></span>. N<span class=\"_ _4\"></span>icola<span class=\"_ _4\"></span>s Saver<span class=\"_ _7\"></span>ys, r<span class=\"_ _4\"></span>ech<span class=\"_ _4\"></span>arg<span class=\"_ _4\"></span>ed ad<span class=\"_ _4\"></span>mini<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ative ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es fo<span class=\"_ _4\"></span>r KEUR 79 to th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up 2022</div>\n<div class=\"t m348 xe hb y5b ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">(sa<span class=\"_ _4\"></span>me pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d 2021<span class=\"_ _1\"></span>: KEUR 7<span class=\"_ _3\"></span>6)<span class=\"_ _1\"></span>. T<span class=\"_ _4\"></span>he o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>ng bala<span class=\"_ _4\"></span>nce at D<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2022 am<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed to K<span class=\"_ _4\"></span>EUR 27 (year-<span class=\"_ _4\"></span>end</div>\n<div class=\"t m8 xe hb y5c ff1 fs9 fc2 sc0 ls49 ws4d\" style=\"z-index: 15;\">20<span class=\"_ _4\"></span>21<span class=\"_ _3\"></span>: K<span class=\"_ _4\"></span>EU<span class=\"_ _4\"></span>R<span class=\"_ _4\"></span> 27<span class=\"_ _4\"></span>).</div>\n<div class=\"t m349 xe hb y5d ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Saver<span class=\"_ _4\"></span>ex NV<span class=\"_ _1\"></span>, als<span class=\"_ _4\"></span>o co<span class=\"_ _4\"></span>ntro<span class=\"_ _4\"></span>lle<span class=\"_ _4\"></span>d by Mr<span class=\"_ _1\"></span>. N<span class=\"_ _4\"></span>icola<span class=\"_ _4\"></span>s Saver<span class=\"_ _7\"></span>ys, c<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>d cons<span class=\"_ _4\"></span>ult<span class=\"_ _4\"></span>ing fe<span class=\"_ _4\"></span>es fo<span class=\"_ _4\"></span>r KEUR 2.<span class=\"_ _3\"></span>90<span class=\"_ _4\"></span>0 du<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ng 2022 (s<span class=\"_ _4\"></span>am<span class=\"_ _4\"></span>e pe<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m34a xe hb y5e ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">ri<span class=\"_ _4\"></span>od 2021<span class=\"_ _1\"></span>: KEU<span class=\"_ _4\"></span>R 7<span class=\"_ _3\"></span>50), whic<span class=\"_ _4\"></span>h wa<span class=\"_ _4\"></span>s full<span class=\"_ _4\"></span>y pai<span class=\"_ _4\"></span>d by Dec<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2022 (<span class=\"_ _4\"></span>year-e<span class=\"_ _4\"></span>nd 20<span class=\"_ _4\"></span>21<span class=\"_ _1\"></span>: KEUR 0). Fur<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>m<span class=\"_ _4\"></span>ore, Saver<span class=\"_ _4\"></span>ex</div>\n<div class=\"t m34b xe hb y5f ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">cha<span class=\"_ _4\"></span>rge<span class=\"_ _4\"></span>d KEUR 0 a<span class=\"_ _4\"></span>dmi<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ve ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>s in 202<span class=\"_ _4\"></span>2 (sam<span class=\"_ _4\"></span>e pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d 2021<span class=\"_ _1\"></span>: KEUR 23) a<span class=\"_ _4\"></span>nd K<span class=\"_ _4\"></span>EUR 232 tim<span class=\"_ _4\"></span>e-<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>har<span class=\"_ _7\"></span>ter r<span class=\"_ _4\"></span>evenu<span class=\"_ _4\"></span>e</div>\n<div class=\"t m4a xe hb y60 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">for t<span class=\"_ _4\"></span>he ya<span class=\"_ _4\"></span>cht \u201cDo<span class=\"_ _4\"></span>uce Fr<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>e\u201d to Ex<span class=\"_ _4\"></span>mar Yachtin<span class=\"_ _4\"></span>g (sam<span class=\"_ _4\"></span>e per<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>d 2021<span class=\"_ _1\"></span>: KEUR 235). Th<span class=\"_ _4\"></span>e bala<span class=\"_ _4\"></span>nce o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ndin<span class=\"_ _4\"></span>g at year-</div>\n<div class=\"t m8 xe hb y75 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">en<span class=\"_ _4\"></span>d 2022 am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted to K<span class=\"_ _4\"></span>EUR 0 (ye<span class=\"_ _4\"></span>ar-en<span class=\"_ _4\"></span>d 2021<span class=\"_ _1\"></span>: KEUR 1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>2).</div>\n<div class=\"t m251 xe hb y76 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R Ship<span class=\"_ _4\"></span>man<span class=\"_ _4\"></span>age<span class=\"_ _4\"></span>ment c<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>ged K<span class=\"_ _4\"></span>EUR 6<span class=\"_ _1\"></span>1 to Saver<span class=\"_ _4\"></span>ex for s<span class=\"_ _4\"></span>hip<span class=\"_ _4\"></span>manag<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>ent s<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ices i<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t of th<span class=\"_ _4\"></span>e yac<span class=\"_ _4\"></span>ht \"Douc<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y61 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fra<span class=\"_ _4\"></span>nce<span class=\"_ _3\"></span>\" in 202<span class=\"_ _4\"></span>2 (sam<span class=\"_ _4\"></span>e per<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>d 2021<span class=\"_ _1\"></span>: KEUR 26), for whi<span class=\"_ _4\"></span>ch KEU<span class=\"_ _4\"></span>R 1 is ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g (year-<span class=\"_ _4\"></span>end 2<span class=\"_ _4\"></span>021<span class=\"_ _1\"></span>: KEUR 0).</div>\n<div class=\"t m34c xe hb y77 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>avel PLUS invoic<span class=\"_ _4\"></span>ed a tot<span class=\"_ _4\"></span>al of K<span class=\"_ _4\"></span>EUR 33 to S<span class=\"_ _4\"></span>averex i<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t of tr<span class=\"_ _4\"></span>avel s<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _4\"></span>es pr<span class=\"_ _4\"></span>ovid<span class=\"_ _4\"></span>ed d<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing 202<span class=\"_ _4\"></span>2 (sa<span class=\"_ _4\"></span>me pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 xe hb y63 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2021<span class=\"_ _1\"></span>: KEUR 29), of w<span class=\"_ _4\"></span>hich K<span class=\"_ _4\"></span>EUR 1 is o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>ng (yea<span class=\"_ _4\"></span>r-en<span class=\"_ _4\"></span>d 2021<span class=\"_ _1\"></span>: KEUR 0<span class=\"_ _4\"></span>).  </div>\n<div class=\"t m34d xe hb yac ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Fur<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>ore, du<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g 2022, an am<span class=\"_ _4\"></span>ou<span class=\"_ _4\"></span>nt of KEUR 108 (s<span class=\"_ _4\"></span>ame p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod 2<span class=\"_ _4\"></span>021<span class=\"_ _1\"></span>: KEUR 82) wa<span class=\"_ _4\"></span>s invoic<span class=\"_ _4\"></span>ed to Mr N<span class=\"_ _4\"></span>icol<span class=\"_ _4\"></span>as Saver<span class=\"_ _7\"></span>ys</div>\n<div class=\"t m34e xe hb yad ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">as a re<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>rge of p<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>vate e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>.  The r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>d ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g bala<span class=\"_ _4\"></span>nce a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nted t<span class=\"_ _4\"></span>o KEUR 1<span class=\"_ _1\"></span>1 (yea<span class=\"_ _4\"></span>r<span class=\"_ _3\"></span>-<span class=\"_ _4\"></span>end 2<span class=\"_ _4\"></span>021<span class=\"_ _1\"></span>: KEUR 0).</div>\n<div class=\"t m8 xe hb yc8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ions w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h relat<span class=\"_ _4\"></span>ed pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e at ar<span class=\"_ _4\"></span>m\u2019<span class=\"_ _3\"></span>s len<span class=\"_ _4\"></span>gt<span class=\"_ _4\"></span>h con<span class=\"_ _4\"></span>diti<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 294px; height: 416px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 294px; height: 845px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x1 h6 y1d6 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ons w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h join<span class=\"_ _4\"></span>t vent<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>s and a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>d com<span class=\"_ _4\"></span>pan<span class=\"_ _4\"></span>ies</div>\n<div class=\"t m34f x1 hb y7f ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R prov<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>s ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>al, acco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ing, co<span class=\"_ _4\"></span>rp<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>ate, site s<span class=\"_ _4\"></span>up<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>vis<span class=\"_ _4\"></span>ion an<span class=\"_ _4\"></span>d shi<span class=\"_ _4\"></span>p mana<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent s<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>vice<span class=\"_ _4\"></span>s to it<span class=\"_ _4\"></span>s joi<span class=\"_ _4\"></span>nt vent<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>s</div>\n<div class=\"t m1f5 x1 hb y43 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">and a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>s. For t<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>se s<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s, fee<span class=\"_ _4\"></span>s are c<span class=\"_ _4\"></span>harg<span class=\"_ _4\"></span>ed b<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d on c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tua<span class=\"_ _4\"></span>l agre<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>we<span class=\"_ _4\"></span>en all p<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ies i<span class=\"_ _4\"></span>nvolve<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m1bf x1 hb y80 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Bel<span class=\"_ _4\"></span>ow ta<span class=\"_ _4\"></span>ble g<span class=\"_ _4\"></span>ives a<span class=\"_ _4\"></span>n over<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>iew of t<span class=\"_ _4\"></span>he si<span class=\"_ _4\"></span>gni\ufb01<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>nt rec<span class=\"_ _4\"></span>eiv<span class=\"_ _4\"></span>able<span class=\"_ _4\"></span>s, sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>t paya<span class=\"_ _4\"></span>bles a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>he rel<span class=\"_ _4\"></span>ated P&amp;L am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>t of</div>\n<div class=\"t m8 x1 hb y81 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">ser<span class=\"_ _4\"></span>vices provided and<span class=\"_ _3\"></span> received.</div>\n<div class=\"t m8 x13 hd y62d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2022<span class=\"_ _3d\"> </span>December 31, 2021</div>\n<div class=\"t m8 x1 hd y62e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _f4\"> </span>Receivables<span class=\"_ _dc\"> </span>Payables<span class=\"_ _ff\"> </span>Receivables<span class=\"_ _dc\"> </span>Payables</div>\n<div class=\"t m8 x1 hc y62f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Ship management services<span class=\"_ _110\"> </span>2,923<span class=\"_ _7a\"> </span>1,591<span class=\"_ _7a\"> </span>6,373<span class=\"_ _18\"> </span>105</div>\n<div class=\"t m8 x1 hc y630 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">General, accounting and corporate services<span class=\"_ _96\"> </span>1,151<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m8 x1 hc y631 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Site supervision &amp; plan approval services<span class=\"_ _a5\"> </span>0<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m8 x1 hc y632 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Rental services<span class=\"_ _24f\"> </span>0<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m8 xb7 hd y633 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _217\"> </span>2021</div>\n<div class=\"t m8 x1 hd y634 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 xb8 hd y635 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Services</div>\n<div class=\"t m8 x58 hd y636 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">provided P&amp;L</div>\n<div class=\"t m8 x41 hd y635 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Services</div>\n<div class=\"t m8 xb9 hd y636 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">received P&amp;L</div>\n<div class=\"t m8 x6f hd y635 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Services</div>\n<div class=\"t m8 x89 hd y636 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">provided P&amp;L</div>\n<div class=\"t m8 x92 hd y635 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Services</div>\n<div class=\"t m8 xba hd y636 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">received P&amp;L</div>\n<div class=\"t m8 x1 hc y637 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Ship management services<span class=\"_ _24a\"> </span>12,752<span class=\"_ _27\"> </span>0<span class=\"_ _8a\"> </span>16,247<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m8 x1 hc y638 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">General, accounting and corporate services<span class=\"_ _e6\"> </span>999<span class=\"_ _15\"> </span>0<span class=\"_ _18\"> </span>817<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m8 x1 hc y639 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Site supervision &amp; plan approval services<span class=\"_ _a5\"> </span>0<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m8 x1 hc y63a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Rental &amp; other services<span class=\"_ _14a\"> </span>0<span class=\"_ _15\"> </span>0<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0</div>\n<div class=\"t m8 x1 hb y72 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R als<span class=\"_ _4\"></span>o prov<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>s bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owin<span class=\"_ _4\"></span>gs to i<span class=\"_ _4\"></span>ts j<span class=\"_ _4\"></span>oint ve<span class=\"_ _4\"></span>ntu<span class=\"_ _4\"></span>res a<span class=\"_ _4\"></span>nd as<span class=\"_ _4\"></span>so<span class=\"_ _4\"></span>ciat<span class=\"_ _4\"></span>es for w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h an in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>st i<span class=\"_ _4\"></span>nco<span class=\"_ _4\"></span>me is re<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n</div>\n<div class=\"t mc1 x1 hb y4f ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>. We refer to N<span class=\"_ _4\"></span>ote 1<span class=\"_ _1\"></span>9 B<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs t<span class=\"_ _4\"></span>o equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s for an o<span class=\"_ _4\"></span>ver<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>iew of t<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 x1 hb y50 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owin<span class=\"_ _4\"></span>gs an<span class=\"_ _4\"></span>d to Note 12 Fina<span class=\"_ _4\"></span>nce i<span class=\"_ _4\"></span>nco<span class=\"_ _4\"></span>me/expe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>es for t<span class=\"_ _4\"></span>he to<span class=\"_ _4\"></span>tal a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt of int<span class=\"_ _4\"></span>eres<span class=\"_ _4\"></span>t i<span class=\"_ _4\"></span>ncom<span class=\"_ _4\"></span>e.</div>\n\n<div class=\"t m0 x1 h6 y1b6 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ransac<span class=\"_ _4\"></span>tions with k<span class=\"_ _3\"></span>ey<span class=\"_ _3\"></span> management personnel</div>\n<div class=\"t m350 x1 hb y54 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">In re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>he t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ons w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h key manag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>so<span class=\"_ _4\"></span>nnel, we r<span class=\"_ _4\"></span>efer to t<span class=\"_ _4\"></span>he Re<span class=\"_ _4\"></span>mun<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n re<span class=\"_ _4\"></span>por<span class=\"_ _7\"></span>t of 202<span class=\"_ _4\"></span>2 whi<span class=\"_ _4\"></span>ch</div>\n<div class=\"t m351 x1 hb y73 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">is in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>ded i<span class=\"_ _4\"></span>n thi<span class=\"_ _4\"></span>s \ufb01nan<span class=\"_ _4\"></span>cial r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t (s<span class=\"_ _4\"></span>ee C<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>por<span class=\"_ _4\"></span>ate G<span class=\"_ _4\"></span>over<span class=\"_ _4\"></span>na<span class=\"_ _4\"></span>nce St<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>). For info<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>matio<span class=\"_ _4\"></span>n rel<span class=\"_ _4\"></span>atin<span class=\"_ _4\"></span>g to con<span class=\"_ _4\"></span>\ufb02ic<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s of</div>\n<div class=\"t m8 x1 hb y55 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s, we r<span class=\"_ _4\"></span>efer to t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t Bo<span class=\"_ _4\"></span>ard of D<span class=\"_ _4\"></span>ire<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m352 x1 hb y56 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Key mana<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent (<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>nel) r<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>harg<span class=\"_ _4\"></span>ed K<span class=\"_ _4\"></span>EUR 82 ex<span class=\"_ _4\"></span>pen<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s (sam<span class=\"_ _4\"></span>e pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d 2021<span class=\"_ _1\"></span>: KEUR 27<span class=\"_ _4\"></span>). The re<span class=\"_ _4\"></span>latin<span class=\"_ _4\"></span>g ou<span class=\"_ _4\"></span>ts<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ding</div>\n<div class=\"t m8 x1 hb y57 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amo<span class=\"_ _4\"></span>unt p<span class=\"_ _4\"></span>er De<span class=\"_ _4\"></span>ce<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r 3<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>, 2022 i<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>vi<span class=\"_ _4\"></span>ces is K<span class=\"_ _4\"></span>EUR 0 (ye<span class=\"_ _4\"></span>ar-e<span class=\"_ _4\"></span>nd 2021<span class=\"_ _1\"></span>: KEUR 0<span class=\"_ _4\"></span>).</div>\n<div class=\"t m0 x1 h6 y1db ff2 fs4 fc1 sc0 ls59 ws63\" style=\"z-index: 15;\">Board of Directors</div>\n<div class=\"t m8 x1 hd y63b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of EUR)<span class=\"_ _182\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y63c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Chairman<span class=\"_ _250\"> </span>100<span class=\"_ _25\"> </span>100</div>\n<div class=\"t m8 x1 hc y63d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other members (individual amount)<span class=\"_ _43\"> </span>50<span class=\"_ _1c\"> </span>50</div>\n<div class=\"t m8 x1 hc y63e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal paid<span class=\"_ _160\"> </span>500<span class=\"_ _25\"> </span>485</div>\n<div class=\"t m353 x1 hb y75 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e tota<span class=\"_ _4\"></span>l amo<span class=\"_ _4\"></span>unt p<span class=\"_ _4\"></span>aid to t<span class=\"_ _4\"></span>he me<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s of th<span class=\"_ _4\"></span>e Boar<span class=\"_ _4\"></span>d of Dir<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>rs r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>he tot<span class=\"_ _4\"></span>al p<span class=\"_ _4\"></span>ayme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to all n<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>exec<span class=\"_ _4\"></span>u</div>\n<div class=\"t m354 x14 hb y75 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m355 x1 hb y76 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">tive a<span class=\"_ _4\"></span>nd in<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>nt dir<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>rs f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>vit<span class=\"_ _4\"></span>ies a<span class=\"_ _4\"></span>s mem<span class=\"_ _4\"></span>be<span class=\"_ _4\"></span>rs of t<span class=\"_ _4\"></span>he Bo<span class=\"_ _4\"></span>ard of D<span class=\"_ _4\"></span>irec<span class=\"_ _7\"></span>tor<span class=\"_ _4\"></span>s. T<span class=\"_ _4\"></span>he exe<span class=\"_ _4\"></span>cut<span class=\"_ _4\"></span>ive di<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>s of</div>\n<div class=\"t m356 x1 hb y61 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R are o<span class=\"_ _4\"></span>nly re<span class=\"_ _4\"></span>mun<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ated i<span class=\"_ _4\"></span>n the<span class=\"_ _4\"></span>ir c<span class=\"_ _4\"></span>apa<span class=\"_ _4\"></span>cit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>s exec<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>ve and n<span class=\"_ _4\"></span>ot in t<span class=\"_ _4\"></span>heir c<span class=\"_ _4\"></span>ap<span class=\"_ _4\"></span>aci<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y as exec<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ive dir<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>r/<span class=\"_ _1\"></span>m<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>ber</div>\n<div class=\"t m8 x1 hb y77 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e Boar<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m357 x1 hb y63 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">No lo<span class=\"_ _4\"></span>ans we<span class=\"_ _4\"></span>re gr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ted to t<span class=\"_ _4\"></span>he m<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s of t<span class=\"_ _4\"></span>he Boa<span class=\"_ _4\"></span>rd in 20<span class=\"_ _4\"></span>22 nor 2<span class=\"_ _4\"></span>021<span class=\"_ _1\"></span>. Th<span class=\"_ _4\"></span>e out<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>and<span class=\"_ _4\"></span>ing a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt in re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t o<span class=\"_ _4\"></span>f re<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y64 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">cha<span class=\"_ _4\"></span>rge<span class=\"_ _4\"></span>d pr<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>te ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>s to Mr<span class=\"_ _3\"></span>. Nicol<span class=\"_ _4\"></span>as Save<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ys w<span class=\"_ _4\"></span>as zer<span class=\"_ _4\"></span>o pe<span class=\"_ _4\"></span>r Dec<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2022 an<span class=\"_ _4\"></span>d 2021<span class=\"_ _1\"></span>.</div>\n<div class=\"t m0 x1 h6 y1b3 ff2 fs4 fc1 sc0 ls59 ws63\" style=\"z-index: 15;\">Audit and Risk Committee</div>\n<div class=\"t m8 x1 hd y63f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of EUR)<span class=\"_ _182\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y640 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Chairman<span class=\"_ _11f\"> </span>20<span class=\"_ _1c\"> </span>20</div>\n<div class=\"t m8 x1 hc y641 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other members (individual amount)<span class=\"_ _43\"> </span>10<span class=\"_ _1c\"> </span>10</div>\n<div class=\"t m8 x1 hc y642 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal paid<span class=\"_ _251\"> </span>50<span class=\"_ _1c\"> </span>46</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 202px; height: 484px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 202px; height: 929px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 202px; height: 929px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 xe h6 y1d6 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Nomination and R<span class=\"_ _1\"></span>e<span class=\"_ _4\"></span>muneration Committee</div>\n<div class=\"t m8 xe hd y30e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of EUR)<span class=\"_ _182\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y30f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Members (individual amount)<span class=\"_ _172\"> </span>10<span class=\"_ _1c\"> </span>10</div>\n<div class=\"t m8 xe hc y310 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal paid<span class=\"_ _251\"> </span>30<span class=\"_ _1c\"> </span>28</div>\n<div class=\"t m0 xe h6 y643 ff2 fs4 fc1 sc0 ls59 ws63\" style=\"z-index: 15;\">Executive Commit<span class=\"_ _4\"></span>tee</div>\n<div class=\"t m358 xe hb y644 ff1 fs9 fc2 sc0 ls17 wsf\" style=\"z-index: 15;\">In lin<span class=\"_ _4\"></span>e wit<span class=\"_ _4\"></span>h E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR<span class=\"_ _4\"></span>\u2019s <span class=\"_ _3\"></span>tot<span class=\"_ _4\"></span>al rew<span class=\"_ _4\"></span>ard p<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>ple<span class=\"_ _4\"></span>s, the f<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>m an<span class=\"_ _4\"></span>d level of t<span class=\"_ _4\"></span>he C<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>any<span class=\"_ _4\"></span>\u2019<span class=\"_ _3\"></span>s exec<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>ve rem<span class=\"_ _4\"></span>une<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n are</div>\n<div class=\"t m328 xe hb y645 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">alig<span class=\"_ _4\"></span>ned to c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>any pe<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>fo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>manc<span class=\"_ _4\"></span>e and i<span class=\"_ _4\"></span>ndiv<span class=\"_ _4\"></span>id<span class=\"_ _4\"></span>ual sk<span class=\"_ _4\"></span>ills a<span class=\"_ _4\"></span>nd p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>fo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>manc<span class=\"_ _4\"></span>e. The re<span class=\"_ _4\"></span>mun<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n pac<span class=\"_ _4\"></span>kag<span class=\"_ _4\"></span>e is co<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>ose<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 xe hb y646 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>ree ma<span class=\"_ _4\"></span>in ele<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s:</div>\n<div class=\"t m8 xe hb y647 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span><span class=\"ls29 ws22\">The \ufb01xed annual remuneration;</span></div>\n<div class=\"t m8 xe hb y648 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Th<span class=\"_ _4\"></span>e sho<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t-ter<span class=\"_ _4\"></span>m v<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>iabl<span class=\"_ _4\"></span>e rem<span class=\"_ _4\"></span>uner<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion (S<span class=\"_ _4\"></span>TI \u2013 s<span class=\"_ _4\"></span>hor<span class=\"_ _7\"></span>t ter<span class=\"_ _4\"></span>m in<span class=\"_ _4\"></span>cent<span class=\"_ _4\"></span>ive);</div>\n<div class=\"t m8 xe hb y649 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Th<span class=\"_ _4\"></span>e long<span class=\"_ _4\"></span>-te<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>m var<span class=\"_ _4\"></span>iab<span class=\"_ _4\"></span>le re<span class=\"_ _4\"></span>mune<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n (L<span class=\"_ _1\"></span>TI<span class=\"_ _4\"></span>- lo<span class=\"_ _4\"></span>ng ter<span class=\"_ _4\"></span>m in<span class=\"_ _4\"></span>cent<span class=\"_ _4\"></span>ive).</div>\n<div class=\"t m359 xe hb y64a ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e level an<span class=\"_ _4\"></span>d s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ure of t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n pac<span class=\"_ _4\"></span>ka<span class=\"_ _4\"></span>ges a<span class=\"_ _4\"></span>re alig<span class=\"_ _4\"></span>ned w<span class=\"_ _4\"></span>ith m<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ket pr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ces fo<span class=\"_ _4\"></span>r sim<span class=\"_ _4\"></span>ilar f<span class=\"_ _4\"></span>unc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s at</div>\n<div class=\"t m8 xe hb y64b ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">comparable companies.</div>\n<div class=\"t m8 xe hb y64c ff1 fs9 fc2 sc0 ls2 ws12\" style=\"z-index: 15;\">End 20<span class=\"_ _4\"></span>22, the E<span class=\"_ _4\"></span>xe<span class=\"_ _4\"></span>cut<span class=\"_ _4\"></span>ive Co<span class=\"_ _4\"></span>mmi<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>tee c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ted of f<span class=\"_ _4\"></span>our m<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s. C<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>tom<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y no<span class=\"_ _4\"></span>tice p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d seve<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nce pay a<span class=\"_ _4\"></span>re</div>\n<div class=\"t m2fa xe hb y31b ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">prov<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he agr<span class=\"_ _4\"></span>eem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s w<span class=\"_ _4\"></span>ith t<span class=\"_ _4\"></span>he me<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s of the E<span class=\"_ _4\"></span>xe<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>tive C<span class=\"_ _4\"></span>ommi<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>tee, t<span class=\"_ _4\"></span>aki<span class=\"_ _4\"></span>ng into a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unt f<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>s s<span class=\"_ _4\"></span>uch a<span class=\"_ _4\"></span>s the</div>\n<div class=\"t m8 xe hb y31c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">po<span class=\"_ _4\"></span>sit<span class=\"_ _4\"></span>ion a<span class=\"_ _4\"></span>nd ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rie<span class=\"_ _4\"></span>nce of t<span class=\"_ _4\"></span>he exe<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>tive ma<span class=\"_ _4\"></span>nage<span class=\"_ _4\"></span>r in q<span class=\"_ _4\"></span>ues<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on, and al<span class=\"_ _4\"></span>way<span class=\"_ _4\"></span>s wit<span class=\"_ _4\"></span>hin t<span class=\"_ _4\"></span>he ap<span class=\"_ _4\"></span>plic<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le le<span class=\"_ _4\"></span>gal f<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>mewo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>k.</div>\n<div class=\"t m8 xe hd y64d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of EUR)</div>\n<div class=\"t m8 xe hd y64e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXECUTIVE COMMITTEE, excluding CEO</div>\n<div class=\"t m8 x89 hd y64f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y650 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal \ufb01xed remuneration\u2005<span class=\"_ _252\"> </span>1,270<span class=\"_ _15\"> </span>1,355</div>\n<div class=\"t m8 xe hc y651 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2005\u2005 of which for insurance and pension plan<span class=\"_ _253\"> </span>0<span class=\"_ _1c\"> </span>32</div>\n<div class=\"t m8 xe hc y652 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2005\u2005 of which value of share options<span class=\"_ _254\"> </span>0<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hc y653 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal variable remuneration<span class=\"_ _255\"> </span>574<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hd y654 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of EUR)</div>\n<div class=\"t m8 xe hd y655 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Nicolas Saverys/Saverex</div>\n<div class=\"t m8 x89 hd y656 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y657 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal \ufb01xed remuneration\u2005<span class=\"_ _16\"> </span>900<span class=\"_ _25\"> </span>907</div>\n<div class=\"t m8 xe hc y658 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2005\u2005 of which for insurance and pension plan<span class=\"_ _253\"> </span>0<span class=\"_ _1c\"> </span>43</div>\n<div class=\"t m8 xe hc y659 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2005\u2005 of which value of share options<span class=\"_ _254\"> </span>0<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hc y65a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal variable remuneration<span class=\"_ _133\"> </span>2,000<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hd y65b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of EUR)</div>\n<div class=\"t m8 xe hd y65c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">CEO</div>\n<div class=\"t m8 x89 hd y65d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y65e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal \ufb01xed remuneration\u2005<span class=\"_ _16\"> </span>575<span class=\"_ _25\"> </span>575</div>\n<div class=\"t m8 xe hc y65f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2005\u2005 of which for insurance and pension plan<span class=\"_ _253\"> </span>0<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hc y660 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2005\u2005 of which value of share options<span class=\"_ _254\"> </span>0<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hc y661 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal variable remuneration<span class=\"_ _255\"> </span>500<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hb yaa ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">No lo<span class=\"_ _4\"></span>ans we<span class=\"_ _4\"></span>re gr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ted to t<span class=\"_ _4\"></span>he me<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s of th<span class=\"_ _4\"></span>e exec<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>ve com<span class=\"_ _4\"></span>mit<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>e in 202<span class=\"_ _4\"></span>2 or 2021<span class=\"_ _1\"></span>.</div>\n<div class=\"t m8 xe hb y662 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e tota<span class=\"_ _4\"></span>l num<span class=\"_ _4\"></span>ber of o<span class=\"_ _4\"></span>pti<span class=\"_ _4\"></span>ons (<span class=\"_ _4\"></span>pla<span class=\"_ _4\"></span>n 1<span class=\"_ _3\"></span>0) gr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ted to key ma<span class=\"_ _4\"></span>nage<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt are as f<span class=\"_ _4\"></span>ollow<span class=\"_ _4\"></span>s:</div>\n<div class=\"t m8 xe hd y663 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">NUMBER OF SHARES GRANTED<span class=\"_ _31\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y664 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Nicolas Saverys<span class=\"_ _6d\"> </span>60,000<span class=\"_ _18\"> </span>120,000</div>\n<div class=\"t m8 x9d hd y665 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">60,000<span class=\"_ _d\"> </span>120,000</div>\n<div class=\"t m35a xe hb yb0 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">A num<span class=\"_ _4\"></span>ber o<span class=\"_ _4\"></span>f key manag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt pe<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>son<span class=\"_ _4\"></span>nel, or t<span class=\"_ _4\"></span>heir c<span class=\"_ _4\"></span>los<span class=\"_ _4\"></span>e fa<span class=\"_ _4\"></span>mily m<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s, hol<span class=\"_ _4\"></span>d po<span class=\"_ _4\"></span>sit<span class=\"_ _4\"></span>ions i<span class=\"_ _4\"></span>n oth<span class=\"_ _4\"></span>er co<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>nies t<span class=\"_ _4\"></span>hat</div>\n<div class=\"t m8 xe hb yb1 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">res<span class=\"_ _4\"></span>ult i<span class=\"_ _4\"></span>n the<span class=\"_ _4\"></span>m havi<span class=\"_ _4\"></span>ng con<span class=\"_ _4\"></span>trol o<span class=\"_ _4\"></span>r join<span class=\"_ _4\"></span>t cont<span class=\"_ _4\"></span>rol ove<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>ese c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>anie<span class=\"_ _4\"></span>s. No<span class=\"_ _4\"></span>ne of t<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e com<span class=\"_ _4\"></span>pa<span class=\"_ _4\"></span>nies t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nsa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d wit<span class=\"_ _4\"></span>h th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y529 ff1 fs9 fc2 sc0 ls13 wsc\" style=\"z-index: 15;\">Group during t<span class=\"_ _4\"></span>he year<span class=\"_ _1\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 212px; height: 919px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 212px; height: 919px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 212px; height: 919px; 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 x1 h11 y42 ff2 fsb fc3 sc0 ls57 ws61\" style=\"z-index: 15;\">NOTE 3<span class=\"_ _1\"></span>7<span class=\"_ _4\"></span> - GROUP ENTITIES</div>\n<div class=\"t m8 x1 hd y666 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">CONSOLIDA<span class=\"_ _1\"></span>TED COMP<span class=\"_ _1\"></span>ANIES</div>\n<div class=\"t m8 xaf hd y667 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Country of  </div>\n<div class=\"t m8 x10 hd y668 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">incorporation</div>\n<div class=\"t m8 x77 hd y667 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Consolidation <span class=\"_ _179\"></span> </div>\n<div class=\"t m8 xbb hd y668 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">method</div>\n<div class=\"t m8 xbc hd y669 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Ownership</div>\n<div class=\"t m8 xbc hd y66a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _7a\"> </span>2021</div>\n<div class=\"t m8 x1 hd y66b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Joint ventures</div>\n<div class=\"t m8 x1 hc y66c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Estrela Ltd<span class=\"_ _62\"> </span>Hong Kong<span class=\"_ _a8\"> </span>Equity<span class=\"_ _1cc\"> </span>50.00%<span class=\"_ _9c\"> </span>50.00%</div>\n<div class=\"t m8 x1 hc y66d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Gas Shipping Ltd<span class=\"_ _1b5\"> </span>Hong Kong<span class=\"_ _a8\"> </span>Equity<span class=\"_ _10\"> </span>50.00%<span class=\"_ _1bf\"> </span>50.00%</div>\n<div class=\"t m8 x1 hc y66e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR LPG BV<span class=\"_ _256\"> </span>Belgium<span class=\"_ _14d\"> </span>Equity<span class=\"_ _10\"> </span>50.00%<span class=\"_ _9c\"> </span>50.00%</div>\n<div class=\"t m8 x1 hc y66f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Shipping BV<span class=\"_ _207\"> </span>Belgium<span class=\"_ _14d\"> </span>Equity<span class=\"_ _10\"> </span>50.00%<span class=\"_ _1bf\"> </span>50.00%</div>\n<div class=\"t m8 x1 hc y670 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Good Investment Ltd\u2005<span class=\"_ _c1\"> </span>Hong Kong<span class=\"_ _a8\"> </span>Equity<span class=\"_ _10\"> </span>50.00%<span class=\"_ _1bf\"> </span>50.00%</div>\n<div class=\"t m8 x1 hc y671 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Monteriggioni Inc<span class=\"_ _257\"> </span>Liberia<span class=\"_ _2e\"> </span>Equity<span class=\"_ _10\"> </span>50.00%<span class=\"_ _1bf\"> </span>50.00%</div>\n<div class=\"t m8 x1 hd y672 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Associates</div>\n<div class=\"t m8 x1 hc y673 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Electra Offshor<span class=\"_ _3\"></span>e Ltd<span class=\"_ _16b\"> </span>Hong Kong<span class=\"_ _e5\"> </span>Equity<span class=\"_ _10\"> </span>40.00%<span class=\"_ _1bf\"> </span>40.00%</div>\n<div class=\"t m8 x1 hc y674 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exview Hong Kong Ltd<span class=\"_ _1e\"> </span>Hong Kong<span class=\"_ _a8\"> </span>Equity<span class=\"_ _10\"> </span>40.00%<span class=\"_ _1bf\"> </span>40.00%</div>\n<div class=\"t m8 x1 hc y675 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Marpos NV<span class=\"_ _258\"> </span>Belgium<span class=\"_ _14d\"> </span>Equity<span class=\"_ _10\"> </span>45.00%<span class=\"_ _9c\"> </span>45.00%</div>\n<div class=\"t m8 x1 hc y676 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Springmarine Nigeria Ltd<span class=\"_ _215\"> </span>Nigeria<span class=\"_ _df\"> </span>Equity<span class=\"_ _1cc\"> </span>40.00%<span class=\"_ _9c\"> </span>40.00%</div>\n<div class=\"t m8 x1 hd y677 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Subsidiaries</div>\n<div class=\"t m8 x1 hc y678 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Ahlmar Germany GmbH<span class=\"_ _f0\"> </span>Germany<span class=\"_ _b1\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _bb\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y679 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bexco NV (1)<span class=\"_ _237\"> </span>Belgium<span class=\"_ _126\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _1bf\"> </span>44.91%</div>\n<div class=\"t m8 x1 hc y67a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">DV Offshor<span class=\"_ _3\"></span>e SAS<span class=\"_ _259\"> </span>France<span class=\"_ _8e\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _bb\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y67b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ECOS SRL<span class=\"_ _25a\"> </span>Italy<span class=\"_ _9b\"> </span>Full<span class=\"_ _15\"> </span>60.00%<span class=\"_ _1bf\"> </span>60.00%</div>\n<div class=\"t m8 x1 hc y67c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Argentina<span class=\"_ _84\"> </span>Argentina<span class=\"_ _1e2\"> </span>Full<span class=\"_ _c3\"> </span>100.00%<span class=\"_ _ac\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y67d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Energy Hong Kong Ltd<span class=\"_ _71\"> </span>Hong Kong<span class=\"_ _5b\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y67e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Energy Netherlands BV<span class=\"_ _25c\"> </span>Netherlands<span class=\"_ _195\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y67f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Energy Services BV<span class=\"_ _116\"> </span>Netherlands<span class=\"_ _195\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y680 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Export Netherlands\u2005<span class=\"_ _1f0\"> </span>Netherlands<span class=\"_ _195\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y681 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR FSRU Hong Kong Ltd\u2005<span class=\"_ _25d\"> </span>Hong Kong<span class=\"_ _5b\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _bb\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y682 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Holdings Ltd<span class=\"_ _25e\"> </span>Liberia<span class=\"_ _8e\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y683 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Hong Kong Ltd<span class=\"_ _da\"> </span>Hong Kong<span class=\"_ _5b\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y684 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR LPG Holding BV<span class=\"_ _1e\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y685 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR LNG Investments Ltd<span class=\"_ _25f\"> </span>Liberia<span class=\"_ _8e\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y686 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Lux SA<span class=\"_ _9f\"> </span>Luxembourg<span class=\"_ _bb\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _bb\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y687 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Marine NV<span class=\"_ _84\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y688 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Netherlands BV<span class=\"_ _260\"> </span>Netherlands<span class=\"_ _195\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y689 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR NV<span class=\"_ _258\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y68a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Offshor<span class=\"_ _3\"></span>e Company<span class=\"_ _da\"> </span>USA<span class=\"_ _52\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y68b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Offshor<span class=\"_ _3\"></span>e Ltd<span class=\"_ _24d\"> </span>Bermuda<span class=\"_ _b1\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y68c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Offshor<span class=\"_ _3\"></span>e Services SA<span class=\"_ _1f5\"> </span>Luxembour<span class=\"_ _3\"></span>g<span class=\"_ _bb\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y68d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Offshor<span class=\"_ _3\"></span>e BV<span class=\"_ _25e\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y68e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Singapore Pte Ltd<span class=\"_ _123\"> </span>Singapore<span class=\"_ _1bf\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _bb\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y68f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Shipmanagement BV<span class=\"_ _116\"> </span>Belgium<span class=\"_ _126\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y690 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Shipmanagement India Private Ltd<span class=\"_ _f6\"> </span>India<span class=\"_ _1a7\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y691 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Shipping USA Inc<span class=\"_ _86\"> </span>USA<span class=\"_ _52\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y692 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Small Scale LPG NL BV<span class=\"_ _261\"> </span>Netherlands<span class=\"_ _195\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y693 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Small Scale LPG HK Ltd<span class=\"_ _1c4\"> </span>Hong Kong<span class=\"_ _9d\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _bb\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y694 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Small Scale LPG BE BV<span class=\"_ _1a8\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y695 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR (UK) Shipping Company Ltd<span class=\"_ _f1\"> </span>Great-Britain<span class=\"_ _25b\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y696 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR VLGC BV\u2005<span class=\"_ _262\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y697 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR VLGC Netherlands BV<span class=\"_ _10d\"> </span>Netherlands<span class=\"_ _195\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y698 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Y<span class=\"_ _1\"></span>achting BV<span class=\"_ _263\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y699 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Export LNG Ltd</div>\n<div class=\"t m35b xbd h16 y69a ff6 fsf fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> (2)</div>\n<div class=\"t m8 xaf hc y69b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Hong Kong<span class=\"_ _5b\"> </span>Full<span class=\"_ _219\"> </span>-<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y69c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Franship Offshor<span class=\"_ _3\"></span>e Lux SA<span class=\"_ _e2\"> </span>Luxembourg<span class=\"_ _db\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y69d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Internationaal Maritiem Agentschap NV<span class=\"_ _bd\"> </span>Belgium<span class=\"_ _126\"> </span>Full<span class=\"_ _27\"> </span>99.03%<span class=\"_ _9c\"> </span>99.03%</div>\n<div class=\"t m8 x1 hc y69e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Seavie Caribean Ltd Jamaica<span class=\"_ _114\"> </span>Jamaica<span class=\"_ _b0\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y69f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Seavie Private Ltd<span class=\"_ _236\"> </span>India<span class=\"_ _64\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y6a0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Solaia Shipping Llc</div>\n<div class=\"t m35b xbe h16 y6a1 ff6 fsf fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> (1)</div>\n<div class=\"t m8 x24 hc y6a2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Liberia<span class=\"_ _8e\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _9c\"> </span>50.00%</div>\n<div class=\"t m8 x1 hc y6a3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>ecto Cyprus Ltd<span class=\"_ _259\"> </span>Cyprus<span class=\"_ _7a\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y6a4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>ecto Luxembourg SA<span class=\"_ _1e\"> </span>Luxembourg<span class=\"_ _db\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y6a5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ravel Plus BV<span class=\"_ _6a\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 h14 y6a6 ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(1) <span class=\"_ _c7\"> </span>Change in shareholdership \u2013 we refer to Note 5 Business combinations and share deals for additional information.</div>\n<div class=\"t m8 x1 h14 y6a7 ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(2) <span class=\"_ _c7\"> </span>Sold \u2013 we refer to Note 4 Divestitures.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 86px; height: 1053px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 86px; height: 1053px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 86px; height: 1053px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 86px; height: 1053px; width: 96%; z-index: 1;\"><br/></div>\n\n<div></div>\n<div></div>\n\n<div class=\"t m0 xe SeceLYo_161 y42 SeceLYo_23 SeceLYo_100 fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 38 - F<span class=\"_ SeceLYo_81\"></span>EES ST<span class=\"_ SeceLYo_81\"></span>A<span class=\"_ SeceLYo_79\"></span>TUTORY A<span class=\"_ SeceLYo_81\"></span>UDIT<span class=\"_ SeceLYo_81\"></span>OR</div>\n<div class=\"t SeceLYo_26 xe hb y7f SeceLYo_22 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">Th<span class=\"_ SeceLYo_82\"></span>e wor<span class=\"_ SeceLYo_82\"></span>ld<span class=\"_ SeceLYo_82\"></span>w<span class=\"_ SeceLYo_82\"></span>id<span class=\"_ SeceLYo_82\"></span>e aud<span class=\"_ SeceLYo_82\"></span>it a<span class=\"_ SeceLYo_82\"></span>nd ot<span class=\"_ SeceLYo_82\"></span>he<span class=\"_ SeceLYo_82\"></span>r fee<span class=\"_ SeceLYo_82\"></span>s in r<span class=\"_ SeceLYo_82\"></span>es<span class=\"_ SeceLYo_82\"></span>pe<span class=\"_ SeceLYo_82\"></span>c<span class=\"_ SeceLYo_82\"></span>t o<span class=\"_ SeceLYo_82\"></span>f se<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_83\"></span>vic<span class=\"_ SeceLYo_82\"></span>es p<span class=\"_ SeceLYo_82\"></span>rovi<span class=\"_ SeceLYo_82\"></span>de<span class=\"_ SeceLYo_82\"></span>d by t<span class=\"_ SeceLYo_82\"></span>he s<span class=\"_ SeceLYo_82\"></span>t<span class=\"_ SeceLYo_82\"></span>at<span class=\"_ SeceLYo_82\"></span>uto<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_83\"></span>y au<span class=\"_ SeceLYo_82\"></span>dito<span class=\"_ SeceLYo_82\"></span>r or c<span class=\"_ SeceLYo_82\"></span>om<span class=\"_ SeceLYo_82\"></span>pa<span class=\"_ SeceLYo_82\"></span>nies o<span class=\"_ SeceLYo_82\"></span>r pe<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>s<span class=\"_ SeceLYo_82\"></span>ons<span class=\"_ SeceLYo_82\"></span></div>\n<div class=\"t m8 xe hb y43 SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rela<span class=\"_ SeceLYo_82\"></span>te<span class=\"_ SeceLYo_82\"></span>d to th<span class=\"_ SeceLYo_82\"></span>e au<span class=\"_ SeceLYo_82\"></span>dit<span class=\"_ SeceLYo_82\"></span>or<span class=\"_ SeceLYo_82\"></span>s, c<span class=\"_ SeceLYo_82\"></span>an b<span class=\"_ SeceLYo_82\"></span>e d<span class=\"_ SeceLYo_82\"></span>et<span class=\"_ SeceLYo_82\"></span>aile<span class=\"_ SeceLYo_82\"></span>d as f<span class=\"_ SeceLYo_82\"></span>oll<span class=\"_ SeceLYo_82\"></span>ows:</div>\n<div class=\"t m8 xe hd y302 SeceLYo_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of EUR)<span class=\"_ SeceLYo_88\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y303 SeceLYo_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Audit services\ue61e<span class=\"_ SeceLYo_91\"> </span>397<span class=\"_ _25\"> </span>389</div>\n<div class=\"t m8 xe hc y304 SeceLYo_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Audit related services<span class=\"_ SeceLYo_90\"> </span>174<span class=\"_ _25\"> </span>109</div>\n<div class=\"t m8 xe hc y305 SeceLYo_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ SeceLYo_79\"></span>ax services<span class=\"_ SeceLYo_92\"> </span>30<span class=\"_ _1c\"> </span>31</div>\n<div class=\"t m8 xe hd y306 SeceLYo_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fees statutory auditor<span class=\"_ SeceLYo_89\"> </span>601<span class=\"_ SecUhHj_45\"> </span>529</div>\n<div class=\"t m8 xe hb y8c SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">For 202<span class=\"_ SeceLYo_82\"></span>2 an<span class=\"_ SeceLYo_82\"></span>d 2021<span class=\"_ SeceLYo_81\"></span>, the no<span class=\"_ SeceLYo_82\"></span>n<span class=\"_ SeceLYo_82\"></span>-au<span class=\"_ SeceLYo_82\"></span>di<span class=\"_ SeceLYo_82\"></span>t fe<span class=\"_ SeceLYo_82\"></span>es d<span class=\"_ SeceLYo_82\"></span>o not exc<span class=\"_ SeceLYo_82\"></span>ee<span class=\"_ SeceLYo_82\"></span>d t<span class=\"_ SeceLYo_82\"></span>he au<span class=\"_ SeceLYo_82\"></span>dit f<span class=\"_ SeceLYo_82\"></span>ee<span class=\"_ SeceLYo_82\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 921px; height: 218px; width: 94%; z-index: 2;\"></div>\n\n\n<div class=\"t m0 xe SeceLYo_161 y4a SeceLYo_23 SeceLYo_100 fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 3<span class=\"_ SeceLYo_81\"></span>9 - SUBS<span class=\"_ SeceLYo_81\"></span>EQUENT EVENTS</div>\n<div class=\"t m8 xe hb y4c SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">In t<span class=\"_ SeceLYo_82\"></span>he fir<span class=\"_ SeceLYo_82\"></span>s<span class=\"_ SeceLYo_82\"></span>t q<span class=\"_ SeceLYo_82\"></span>uar<span class=\"_ SeceLYo_83\"></span>te<span class=\"_ SeceLYo_82\"></span>r of 2023, t<span class=\"_ SeceLYo_82\"></span>he fo<span class=\"_ SeceLYo_82\"></span>llow<span class=\"_ SeceLYo_82\"></span>in<span class=\"_ SeceLYo_82\"></span>g su<span class=\"_ SeceLYo_82\"></span>bs<span class=\"_ SeceLYo_82\"></span>eq<span class=\"_ SeceLYo_82\"></span>ue<span class=\"_ SeceLYo_82\"></span>nt eve<span class=\"_ SeceLYo_82\"></span>nt<span class=\"_ SeceLYo_82\"></span>s o<span class=\"_ SeceLYo_82\"></span>cc<span class=\"_ SeceLYo_82\"></span>ur<span class=\"_ SeceLYo_82\"></span>re<span class=\"_ SeceLYo_82\"></span>d at o<span class=\"_ SeceLYo_82\"></span>ur e<span class=\"_ SeceLYo_82\"></span>qu<span class=\"_ SeceLYo_82\"></span>it<span class=\"_ SeceLYo_83\"></span>y acc<span class=\"_ SeceLYo_82\"></span>oun<span class=\"_ SeceLYo_82\"></span>te<span class=\"_ SeceLYo_82\"></span>d inves<span class=\"_ SeceLYo_82\"></span>t<span class=\"_ SeceLYo_82\"></span>ee<span class=\"_ SeceLYo_82\"></span>s:</div>\n<div class=\"t m8 xe hb y1e3 SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m321 x3f hb y4d SeceLYo_22 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Paym<span class=\"_ SeceLYo_82\"></span>ent of t<span class=\"_ SeceLYo_82\"></span>h<span class=\"_ SeceLYo_82\"></span>e ear<span class=\"_ SeceLYo_82\"></span>ly b<span class=\"_ SeceLYo_82\"></span>uy<span class=\"_ SeceLYo_82\"></span>-<span class=\"_ SeceLYo_82\"></span>ou<span class=\"_ SeceLYo_82\"></span>t o<span class=\"_ SeceLYo_82\"></span>pti<span class=\"_ SeceLYo_82\"></span>on of t<span class=\"_ SeceLYo_82\"></span>he fi<span class=\"_ SeceLYo_82\"></span>nan<span class=\"_ SeceLYo_82\"></span>cin<span class=\"_ SeceLYo_82\"></span>g of t<span class=\"_ SeceLYo_82\"></span>w<span class=\"_ SeceLYo_82\"></span>o mid<span class=\"_ SeceLYo_82\"></span>si<span class=\"_ SeceLYo_82\"></span>ze ga<span class=\"_ SeceLYo_82\"></span>s c<span class=\"_ SeceLYo_82\"></span>ar<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>ier<span class=\"_ SeceLYo_82\"></span>s a<span class=\"_ SeceLYo_82\"></span>nd r<span class=\"_ SeceLYo_82\"></span>efina<span class=\"_ SeceLYo_82\"></span>nc<span class=\"_ SeceLYo_82\"></span>ing t<span class=\"_ SeceLYo_82\"></span>hr<span class=\"_ SeceLYo_82\"></span>oug<span class=\"_ SeceLYo_82\"></span>h t<span class=\"_ SeceLYo_82\"></span>he us<span class=\"_ SeceLYo_82\"></span>e</div>\n<div class=\"t m8 x3f hb y4e SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of USD 70.0 million t<span class=\"_ SeceLYo_82\"></span>er<span class=\"_ SeceLYo_82\"></span>m l<span class=\"_ SeceLYo_82\"></span>oan<span class=\"_ SeceLYo_82\"></span>s;</div>\n<div class=\"t m8 xe hb y202 SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m15c x3f hb y72 SeceLYo_22 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Sal<span class=\"_ SeceLYo_82\"></span>e of th<span class=\"_ SeceLYo_82\"></span>e mid<span class=\"_ SeceLYo_82\"></span>si<span class=\"_ SeceLYo_82\"></span>ze ga<span class=\"_ SeceLYo_82\"></span>s c<span class=\"_ SeceLYo_82\"></span>ar<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>ier BA<span class=\"_ SeceLYo_82\"></span>S<span class=\"_ SeceLYo_82\"></span>TOGNE, w<span class=\"_ SeceLYo_82\"></span>hic<span class=\"_ SeceLYo_82\"></span>h wa<span class=\"_ SeceLYo_82\"></span>s cla<span class=\"_ SeceLYo_82\"></span>s<span class=\"_ SeceLYo_82\"></span>si<span class=\"_ SeceLYo_82\"></span>fie<span class=\"_ SeceLYo_82\"></span>d as he<span class=\"_ SeceLYo_82\"></span>ld fo<span class=\"_ SeceLYo_82\"></span>r s<span class=\"_ SeceLYo_82\"></span>ale i<span class=\"_ SeceLYo_82\"></span>n th<span class=\"_ SeceLYo_82\"></span>e man<span class=\"_ SeceLYo_82\"></span>age<span class=\"_ SeceLYo_82\"></span>me<span class=\"_ SeceLYo_82\"></span>nt r<span class=\"_ SeceLYo_82\"></span>ep<span class=\"_ SeceLYo_82\"></span>or<span class=\"_ SeceLYo_83\"></span>t<span class=\"_ SeceLYo_82\"></span>ing,</div>\n<div class=\"t m8 x3f hb y4f SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">se<span class=\"_ SeceLYo_82\"></span>e Note 2 S<span class=\"_ SeceLYo_82\"></span>eg<span class=\"_ SeceLYo_82\"></span>me<span class=\"_ SeceLYo_82\"></span>nt re<span class=\"_ SeceLYo_82\"></span>p<span class=\"_ SeceLYo_82\"></span>or<span class=\"_ SeceLYo_83\"></span>ti<span class=\"_ SeceLYo_82\"></span>ng;</div>\n<div class=\"t m8 xe hb y6a8 SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m35d x3f hb y50 SeceLYo_22 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Ad<span class=\"_ SeceLYo_82\"></span>di<span class=\"_ SeceLYo_82\"></span>tio<span class=\"_ SeceLYo_82\"></span>nal d<span class=\"_ SeceLYo_82\"></span>ow<span class=\"_ SeceLYo_82\"></span>n pay<span class=\"_ SeceLYo_82\"></span>m<span class=\"_ SeceLYo_82\"></span>ent o<span class=\"_ SeceLYo_82\"></span>f USD 1<span class=\"_ SeceLYo_81\"></span>3.8 millio<span class=\"_ SeceLYo_82\"></span>n fo<span class=\"_ SeceLYo_82\"></span>r th<span class=\"_ SeceLYo_82\"></span>e co<span class=\"_ SeceLYo_82\"></span>ns<span class=\"_ SeceLYo_82\"></span>t<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>uc<span class=\"_ SeceLYo_83\"></span>tio<span class=\"_ SeceLYo_82\"></span>n of t<span class=\"_ SeceLYo_82\"></span>w<span class=\"_ SeceLYo_82\"></span>o new m<span class=\"_ SeceLYo_82\"></span>id<span class=\"_ SeceLYo_82\"></span>size ve<span class=\"_ SeceLYo_82\"></span>s<span class=\"_ SeceLYo_82\"></span>s<span class=\"_ SeceLYo_82\"></span>els (s<span class=\"_ SeceLYo_82\"></span>ee a<span class=\"_ SeceLYo_82\"></span>ls<span class=\"_ SeceLYo_82\"></span>o Note 3<span class=\"_ SeceLYo_82\"></span>4</div>\n<div class=\"t m8 x3f hb y51 SeceLYo_22 fs9 fc2 sc0 ls14 ws2f\" style=\"z-index: 15;\">Capit<span class=\"_ SeceLYo_82\"></span>al commitments)<span class=\"_ SeceLYo_81\"></span>;</div>\n<div class=\"t m8 xe hb y6a9 SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m271 x3f hb y52 SeceLYo_22 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Or<span class=\"_ SeceLYo_82\"></span>de<span class=\"_ SeceLYo_82\"></span>ri<span class=\"_ SeceLYo_82\"></span>ng of t<span class=\"_ SeceLYo_83\"></span>wo in<span class=\"_ SeceLYo_82\"></span>nova<span class=\"_ SeceLYo_82\"></span>tive 4<span class=\"_ SeceLYo_82\"></span>6,0<span class=\"_ SeceLYo_83\"></span>0<span class=\"_ SeceLYo_82\"></span>0<span class=\"_ SeceLYo_82\"></span>m3 mi<span class=\"_ SeceLYo_82\"></span>ds<span class=\"_ SeceLYo_82\"></span>ize LP<span class=\"_ SeceLYo_82\"></span>G/ammo<span class=\"_ SeceLYo_82\"></span>nia c<span class=\"_ SeceLYo_82\"></span>ar<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>ie<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>s wit<span class=\"_ SeceLYo_82\"></span>h d<span class=\"_ SeceLYo_82\"></span>ual f<span class=\"_ SeceLYo_82\"></span>ue<span class=\"_ SeceLYo_82\"></span>l pro<span class=\"_ SeceLYo_82\"></span>p<span class=\"_ SeceLYo_82\"></span>uls<span class=\"_ SeceLYo_82\"></span>ion w<span class=\"_ SeceLYo_82\"></span>it<span class=\"_ SeceLYo_82\"></span>h op<span class=\"_ SeceLYo_82\"></span>tio<span class=\"_ SeceLYo_82\"></span>n to</div>\n<div class=\"t m8 x3f hb y53 SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">have th<span class=\"_ SeceLYo_82\"></span>em a<span class=\"_ SeceLYo_82\"></span>mm<span class=\"_ SeceLYo_82\"></span>onia f<span class=\"_ SeceLYo_82\"></span>u<span class=\"_ SeceLYo_82\"></span>ele<span class=\"_ SeceLYo_82\"></span>d fo<span class=\"_ SeceLYo_82\"></span>r a pr<span class=\"_ SeceLYo_82\"></span>ic<span class=\"_ SeceLYo_82\"></span>e of USD 73.4 millio<span class=\"_ SeceLYo_82\"></span>n pe<span class=\"_ SeceLYo_82\"></span>r ves<span class=\"_ SeceLYo_82\"></span>s<span class=\"_ SeceLYo_82\"></span>el.</div>\n<div class=\"t SeceLYo_28 xe hb y73 SeceLYo_22 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">On A<span class=\"_ SeceLYo_82\"></span>p<span class=\"_ SeceLYo_82\"></span>ri<span class=\"_ SeceLYo_82\"></span>l 3, 2023 E<span class=\"_ SeceLYo_82\"></span>XM<span class=\"_ SeceLYo_82\"></span>AR N<span class=\"_ SeceLYo_82\"></span>V (\u201cEXM<span class=\"_ SeceLYo_82\"></span>AR<span class=\"_ SeceLYo_82\"></span>\u201d) (Eur<span class=\"_ SeceLYo_82\"></span>on<span class=\"_ SeceLYo_82\"></span>ex<span class=\"_ SeceLYo_82\"></span>t Br<span class=\"_ SeceLYo_82\"></span>u<span class=\"_ SeceLYo_82\"></span>s<span class=\"_ SeceLYo_82\"></span>se<span class=\"_ SeceLYo_82\"></span>ls: E<span class=\"_ SeceLYo_82\"></span>X<span class=\"_ SeceLYo_82\"></span>M) ha<span class=\"_ SeceLYo_82\"></span>s be<span class=\"_ SeceLYo_82\"></span>en i<span class=\"_ SeceLYo_82\"></span>nfor<span class=\"_ SeceLYo_83\"></span>med b<span class=\"_ SeceLYo_82\"></span>y SAVERE<span class=\"_ SeceLYo_82\"></span>X NV (\u201cSAVERE<span class=\"_ SeceLYo_82\"></span>X\u201d)</div>\n<div class=\"t SeceLYo_49 xe hb y55 SeceLYo_22 fs9 fc2 sc0 ls16 wsf\" style=\"z-index: 15;\">tha<span class=\"_ SeceLYo_82\"></span>t SAVERE<span class=\"_ SeceLYo_82\"></span>X int<span class=\"_ SeceLYo_82\"></span>en<span class=\"_ SeceLYo_82\"></span>ds t<span class=\"_ SeceLYo_82\"></span>o lau<span class=\"_ SeceLYo_82\"></span>nc<span class=\"_ SeceLYo_82\"></span>h a volu<span class=\"_ SeceLYo_82\"></span>nt<span class=\"_ SeceLYo_82\"></span>ar<span class=\"_ SeceLYo_83\"></span>y an<span class=\"_ SeceLYo_82\"></span>d co<span class=\"_ SeceLYo_82\"></span>nd<span class=\"_ SeceLYo_82\"></span>iti<span class=\"_ SeceLYo_82\"></span>on<span class=\"_ SeceLYo_82\"></span>al pu<span class=\"_ SeceLYo_82\"></span>bli<span class=\"_ SeceLYo_82\"></span>c t<span class=\"_ SeceLYo_82\"></span>akeove<span class=\"_ SeceLYo_82\"></span>r bid f<span class=\"_ SeceLYo_82\"></span>or all s<span class=\"_ SeceLYo_82\"></span>ha<span class=\"_ SeceLYo_82\"></span>re<span class=\"_ SeceLYo_82\"></span>s and s<span class=\"_ SeceLYo_82\"></span>ha<span class=\"_ SeceLYo_82\"></span>re o<span class=\"_ SeceLYo_82\"></span>pti<span class=\"_ SeceLYo_82\"></span>ons</div>\n<div class=\"t SeceLYo_30 xe hb y56 SeceLYo_22 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">is<span class=\"_ SeceLYo_82\"></span>su<span class=\"_ SeceLYo_82\"></span>ed b<span class=\"_ SeceLYo_82\"></span>y E<span class=\"_ SeceLYo_82\"></span>XM<span class=\"_ SeceLYo_82\"></span>AR n<span class=\"_ SeceLYo_82\"></span>ot alre<span class=\"_ SeceLYo_82\"></span>ad<span class=\"_ SeceLYo_82\"></span>y ow<span class=\"_ SeceLYo_82\"></span>ne<span class=\"_ SeceLYo_82\"></span>d by it o<span class=\"_ SeceLYo_82\"></span>r pe<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>s<span class=\"_ SeceLYo_82\"></span>ons a<span class=\"_ SeceLYo_82\"></span>f<span class=\"_ SeceLYo_82\"></span>fil<span class=\"_ SeceLYo_82\"></span>iate<span class=\"_ SeceLYo_82\"></span>d wi<span class=\"_ SeceLYo_82\"></span>th i<span class=\"_ SeceLYo_82\"></span>t (th<span class=\"_ SeceLYo_82\"></span>e \u201cBid\u201d). Th<span class=\"_ SeceLYo_82\"></span>e Bid w<span class=\"_ SeceLYo_82\"></span>oul<span class=\"_ SeceLYo_82\"></span>d be m<span class=\"_ SeceLYo_82\"></span>ad<span class=\"_ SeceLYo_82\"></span>e at a p<span class=\"_ SeceLYo_82\"></span>ri<span class=\"_ SeceLYo_82\"></span>ce</div>\n<div class=\"t m8 xe hb y57 SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of EUR 1<span class=\"_ SeceLYo_81\"></span>2.<span class=\"_ SeceLYo_79\"></span>10 pe<span class=\"_ SeceLYo_82\"></span>r sh<span class=\"_ SeceLYo_82\"></span>are, and w<span class=\"_ SeceLYo_82\"></span>oul<span class=\"_ SeceLYo_82\"></span>d b<span class=\"_ SeceLYo_82\"></span>e pai<span class=\"_ SeceLYo_82\"></span>d in c<span class=\"_ SeceLYo_82\"></span>as<span class=\"_ SeceLYo_82\"></span>h.</div>\n<div class=\"t SeceLYo_50 xe hb y58 SeceLYo_22 fs9 fc2 sc0 ls16 wsf\" style=\"z-index: 15;\">Th<span class=\"_ SeceLYo_82\"></span>e pr<span class=\"_ SeceLYo_82\"></span>ic<span class=\"_ SeceLYo_82\"></span>e of EUR 1<span class=\"_ SeceLYo_81\"></span>2.<span class=\"_ SeceLYo_80\"></span>10 per sh<span class=\"_ SeceLYo_82\"></span>are r<span class=\"_ SeceLYo_82\"></span>ep<span class=\"_ SeceLYo_82\"></span>re<span class=\"_ SeceLYo_82\"></span>se<span class=\"_ SeceLYo_82\"></span>nt<span class=\"_ SeceLYo_82\"></span>s a p<span class=\"_ SeceLYo_82\"></span>re<span class=\"_ SeceLYo_82\"></span>miu<span class=\"_ SeceLYo_82\"></span>m of 24.<span class=\"_ SeceLYo_81\"></span>7<span class=\"_ SeceLYo_81\"></span>4<span class=\"_ SeceLYo_81\"></span>% to t<span class=\"_ SeceLYo_82\"></span>he c<span class=\"_ SeceLYo_82\"></span>los<span class=\"_ SeceLYo_82\"></span>in<span class=\"_ SeceLYo_82\"></span>g pr<span class=\"_ SeceLYo_82\"></span>ic<span class=\"_ SeceLYo_82\"></span>e of E<span class=\"_ SeceLYo_82\"></span>XM<span class=\"_ SeceLYo_82\"></span>AR a<span class=\"_ SeceLYo_82\"></span>s at 31 Marc<span class=\"_ SeceLYo_82\"></span>h</div>\n<div class=\"t SeceLYo_39 xe hb y59 SeceLYo_22 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">2023. T<span class=\"_ SeceLYo_82\"></span>his p<span class=\"_ SeceLYo_82\"></span>ri<span class=\"_ SeceLYo_82\"></span>ce wo<span class=\"_ SeceLYo_82\"></span>uld i<span class=\"_ SeceLYo_82\"></span>mp<span class=\"_ SeceLYo_82\"></span>ly a p<span class=\"_ SeceLYo_82\"></span>re<span class=\"_ SeceLYo_82\"></span>mium o<span class=\"_ SeceLYo_82\"></span>f 33.<span class=\"_ SeceLYo_80\"></span>1<span class=\"_ SeceLYo_81\"></span>9%<span class=\"_ SeceLYo_82\"></span>, 44.01<span class=\"_ SeceLYo_81\"></span>%, 34.<span class=\"_ SeceLYo_80\"></span>1<span class=\"_ SeceLYo_81\"></span>2% a<span class=\"_ SeceLYo_82\"></span>nd 4<span class=\"_ SeceLYo_82\"></span>6.03% re<span class=\"_ SeceLYo_82\"></span>s<span class=\"_ SeceLYo_82\"></span>pe<span class=\"_ SeceLYo_82\"></span>c<span class=\"_ SeceLYo_82\"></span>t<span class=\"_ SeceLYo_82\"></span>ive<span class=\"_ SeceLYo_82\"></span>ly ove<span class=\"_ SeceLYo_82\"></span>r th<span class=\"_ SeceLYo_82\"></span>e one<span class=\"_ SeceLYo_83\"></span>-m<span class=\"_ SeceLYo_82\"></span>on<span class=\"_ SeceLYo_82\"></span>th,</div>\n<div class=\"t SeceLYo_48 xe hb y5a SeceLYo_22 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">thr<span class=\"_ SeceLYo_82\"></span>ee<span class=\"_ SeceLYo_82\"></span>-<span class=\"_ SeceLYo_82\"></span>m<span class=\"_ SeceLYo_82\"></span>ont<span class=\"_ SeceLYo_82\"></span>h, si<span class=\"_ SeceLYo_82\"></span>x-m<span class=\"_ SeceLYo_82\"></span>on<span class=\"_ SeceLYo_82\"></span>th a<span class=\"_ SeceLYo_82\"></span>nd t<span class=\"_ SeceLYo_83\"></span>wel<span class=\"_ SeceLYo_82\"></span>ve<span class=\"_ SeceLYo_82\"></span>-<span class=\"_ SeceLYo_82\"></span>mo<span class=\"_ SeceLYo_82\"></span>nth vo<span class=\"_ SeceLYo_82\"></span>lum<span class=\"_ SeceLYo_82\"></span>e wei<span class=\"_ SeceLYo_82\"></span>ght<span class=\"_ SeceLYo_82\"></span>ed ave<span class=\"_ SeceLYo_82\"></span>ra<span class=\"_ SeceLYo_82\"></span>ge p<span class=\"_ SeceLYo_82\"></span>ri<span class=\"_ SeceLYo_82\"></span>ce<span class=\"_ SeceLYo_82\"></span>s (<span class=\"_ SeceLYo_82\"></span>V<span class=\"_ SeceLYo_83\"></span>WAP) of t<span class=\"_ SeceLYo_82\"></span>he E<span class=\"_ SeceLYo_83\"></span>XMA<span class=\"_ SeceLYo_82\"></span>R s<span class=\"_ SeceLYo_82\"></span>hare o<span class=\"_ SeceLYo_82\"></span>n t<span class=\"_ SeceLYo_82\"></span>he</div>\n<div class=\"t m8 xe hb y5b SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">reg<span class=\"_ SeceLYo_82\"></span>ula<span class=\"_ SeceLYo_82\"></span>ted m<span class=\"_ SeceLYo_82\"></span>ar<span class=\"_ SeceLYo_82\"></span>ket of Eur<span class=\"_ SeceLYo_82\"></span>on<span class=\"_ SeceLYo_82\"></span>ex<span class=\"_ SeceLYo_82\"></span>t Br<span class=\"_ SeceLYo_82\"></span>u<span class=\"_ SeceLYo_82\"></span>s<span class=\"_ SeceLYo_82\"></span>se<span class=\"_ SeceLYo_82\"></span>ls<span class=\"_ SeceLYo_82\"></span>.</div>\n<div class=\"t m348 xe hb y5c SeceLYo_22 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">If E<span class=\"_ SeceLYo_82\"></span>XM<span class=\"_ SeceLYo_82\"></span>AR<span class=\"_ SeceLYo_82\"></span>\u2019s annu<span class=\"_ SeceLYo_82\"></span>al ge<span class=\"_ SeceLYo_82\"></span>ne<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>al me<span class=\"_ SeceLYo_82\"></span>eti<span class=\"_ SeceLYo_82\"></span>ng of 1<span class=\"_ SeceLYo_81\"></span>6 May 2023 a<span class=\"_ SeceLYo_82\"></span>p<span class=\"_ SeceLYo_82\"></span>prove<span class=\"_ SeceLYo_82\"></span>s t<span class=\"_ SeceLYo_82\"></span>he pay<span class=\"_ SeceLYo_82\"></span>me<span class=\"_ SeceLYo_82\"></span>nt of a g<span class=\"_ SeceLYo_82\"></span>ros<span class=\"_ SeceLYo_82\"></span>s d<span class=\"_ SeceLYo_82\"></span>iv<span class=\"_ SeceLYo_82\"></span>ide<span class=\"_ SeceLYo_82\"></span>nd o<span class=\"_ SeceLYo_82\"></span>f EUR 1<span class=\"_ SeceLYo_81\"></span>.0<span class=\"_ SeceLYo_82\"></span>0 pe<span class=\"_ SeceLYo_82\"></span>r</div>\n<div class=\"t m5f xe hb y5d SeceLYo_22 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">sha<span class=\"_ SeceLYo_82\"></span>re as p<span class=\"_ SeceLYo_82\"></span>ro<span class=\"_ SeceLYo_82\"></span>p<span class=\"_ SeceLYo_82\"></span>os<span class=\"_ SeceLYo_82\"></span>ed by E<span class=\"_ SeceLYo_83\"></span>XMA<span class=\"_ SeceLYo_82\"></span>R<span class=\"_ SeceLYo_82\"></span>\u2019s boar<span class=\"_ SeceLYo_82\"></span>d of di<span class=\"_ SeceLYo_82\"></span>rec<span class=\"_ SeceLYo_83\"></span>to<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>s and t<span class=\"_ SeceLYo_82\"></span>h<span class=\"_ SeceLYo_82\"></span>e ex-<span class=\"_ SeceLYo_82\"></span>di<span class=\"_ SeceLYo_82\"></span>vid<span class=\"_ SeceLYo_82\"></span>e<span class=\"_ SeceLYo_82\"></span>nd d<span class=\"_ SeceLYo_82\"></span>ate (22 M<span class=\"_ SeceLYo_82\"></span>ay 2023) f<span class=\"_ SeceLYo_82\"></span>all<span class=\"_ SeceLYo_82\"></span>s pr<span class=\"_ SeceLYo_82\"></span>io<span class=\"_ SeceLYo_82\"></span>r to th<span class=\"_ SeceLYo_82\"></span>e da<span class=\"_ SeceLYo_82\"></span>te of</div>\n<div class=\"t m1f5 xe hb y5e SeceLYo_22 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">pay<span class=\"_ SeceLYo_82\"></span>me<span class=\"_ SeceLYo_82\"></span>nt of t<span class=\"_ SeceLYo_82\"></span>he b<span class=\"_ SeceLYo_82\"></span>id pr<span class=\"_ SeceLYo_82\"></span>i<span class=\"_ SeceLYo_82\"></span>ce, the b<span class=\"_ SeceLYo_82\"></span>id p<span class=\"_ SeceLYo_82\"></span>ri<span class=\"_ SeceLYo_82\"></span>ce p<span class=\"_ SeceLYo_82\"></span>er s<span class=\"_ SeceLYo_82\"></span>ha<span class=\"_ SeceLYo_82\"></span>re is a<span class=\"_ SeceLYo_82\"></span>nno<span class=\"_ SeceLYo_82\"></span>un<span class=\"_ SeceLYo_82\"></span>ce<span class=\"_ SeceLYo_82\"></span>d to b<span class=\"_ SeceLYo_82\"></span>e re<span class=\"_ SeceLYo_82\"></span>du<span class=\"_ SeceLYo_82\"></span>ce<span class=\"_ SeceLYo_82\"></span>d by th<span class=\"_ SeceLYo_82\"></span>e gr<span class=\"_ SeceLYo_82\"></span>os<span class=\"_ SeceLYo_82\"></span>s am<span class=\"_ SeceLYo_82\"></span>ou<span class=\"_ SeceLYo_82\"></span>nt of s<span class=\"_ SeceLYo_82\"></span>uc<span class=\"_ SeceLYo_82\"></span>h di<span class=\"_ SeceLYo_82\"></span>vi<span class=\"_ SeceLYo_82\"></span>de<span class=\"_ SeceLYo_82\"></span>nd</div>\n<div class=\"t m8 xe hb y5f SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(b<span class=\"_ SeceLYo_82\"></span>efo<span class=\"_ SeceLYo_82\"></span>re a<span class=\"_ SeceLYo_82\"></span>ny app<span class=\"_ SeceLYo_82\"></span>lic<span class=\"_ SeceLYo_82\"></span>a<span class=\"_ SeceLYo_82\"></span>bl<span class=\"_ SeceLYo_82\"></span>e ta<span class=\"_ SeceLYo_82\"></span>x d<span class=\"_ SeceLYo_82\"></span>e<span class=\"_ SeceLYo_82\"></span>duc<span class=\"_ SeceLYo_83\"></span>ti<span class=\"_ SeceLYo_82\"></span>on).</div>\n<div class=\"t m8 xe hb SeceLYo_121 SeceLYo_22 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">SAVERE<span class=\"_ SeceLYo_82\"></span>X cu<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>re<span class=\"_ SeceLYo_82\"></span>ntl<span class=\"_ SeceLYo_82\"></span>y ow<span class=\"_ SeceLYo_82\"></span>ns 26,89<span class=\"_ SeceLYo_82\"></span>9<span class=\"_ SeceLYo_80\"></span>,4<span class=\"_ SeceLYo_82\"></span>31 share<span class=\"_ SeceLYo_82\"></span>s in E<span class=\"_ SeceLYo_82\"></span>X<span class=\"_ SeceLYo_82\"></span>MA<span class=\"_ SeceLYo_82\"></span>R (or 45.21<span class=\"_ SeceLYo_81\"></span>%)<span class=\"_ SeceLYo_81\"></span>. E<span class=\"_ SeceLYo_82\"></span>XM<span class=\"_ SeceLYo_82\"></span>AR<span class=\"_ SeceLYo_82\"></span>, wh<span class=\"_ SeceLYo_82\"></span>ich i<span class=\"_ SeceLYo_82\"></span>s co<span class=\"_ SeceLYo_82\"></span>nsi<span class=\"_ SeceLYo_82\"></span>de<span class=\"_ SeceLYo_82\"></span>re<span class=\"_ SeceLYo_82\"></span>d a pe<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>so<span class=\"_ SeceLYo_82\"></span>n af<span class=\"_ SeceLYo_83\"></span>filia<span class=\"_ SeceLYo_82\"></span>ted</div>\n<div class=\"t SeceLYo_36 xe hb y75 SeceLYo_22 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">wit<span class=\"_ SeceLYo_82\"></span>h SAVERE<span class=\"_ SeceLYo_82\"></span>X<span class=\"_ SeceLYo_82\"></span>, ow<span class=\"_ SeceLYo_82\"></span>ns 2,<span class=\"_ SeceLYo_82\"></span>273,263 t<span class=\"_ SeceLYo_82\"></span>rea<span class=\"_ SeceLYo_82\"></span>su<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>y s<span class=\"_ SeceLYo_82\"></span>ha<span class=\"_ SeceLYo_82\"></span>re<span class=\"_ SeceLYo_82\"></span>s (or 3.82%). Nicola<span class=\"_ SeceLYo_82\"></span>s Save<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>y<span class=\"_ SeceLYo_82\"></span>s, w<span class=\"_ SeceLYo_82\"></span>hic<span class=\"_ SeceLYo_82\"></span>h is al<span class=\"_ SeceLYo_82\"></span>so c<span class=\"_ SeceLYo_82\"></span>on<span class=\"_ SeceLYo_82\"></span>si<span class=\"_ SeceLYo_82\"></span>de<span class=\"_ SeceLYo_82\"></span>re<span class=\"_ SeceLYo_82\"></span>d a pe<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>so<span class=\"_ SeceLYo_82\"></span>n af<span class=\"_ SeceLYo_83\"></span>fili<span class=\"_ SeceLYo_82\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t SeceLYo_34 xe hb y76 SeceLYo_22 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">ate<span class=\"_ SeceLYo_82\"></span>d wit<span class=\"_ SeceLYo_82\"></span>h SAVERE<span class=\"_ SeceLYo_82\"></span>X<span class=\"_ SeceLYo_82\"></span>, ow<span class=\"_ SeceLYo_82\"></span>ns 7<span class=\"_ SeceLYo_79\"></span>,92<span class=\"_ SeceLYo_81\"></span>4 s<span class=\"_ SeceLYo_82\"></span>hare<span class=\"_ SeceLYo_82\"></span>s in E<span class=\"_ SeceLYo_82\"></span>X<span class=\"_ SeceLYo_82\"></span>MA<span class=\"_ SeceLYo_82\"></span>R (or 0.01<span class=\"_ SeceLYo_80\"></span>%). The Bi<span class=\"_ SeceLYo_82\"></span>d wou<span class=\"_ SeceLYo_82\"></span>ld t<span class=\"_ SeceLYo_82\"></span>hu<span class=\"_ SeceLYo_82\"></span>s rela<span class=\"_ SeceLYo_82\"></span>te to t<span class=\"_ SeceLYo_82\"></span>he re<span class=\"_ SeceLYo_82\"></span>mai<span class=\"_ SeceLYo_82\"></span>ning 3<span class=\"_ SeceLYo_82\"></span>0,<span class=\"_ SeceLYo_82\"></span>31<span class=\"_ SeceLYo_80\"></span>9<span class=\"_ SeceLYo_80\"></span>,<span class=\"_ SeceLYo_82\"></span>382<span class=\"_ SeceLYo_82\"></span></div>\n<div class=\"t m8 xe hb y61 SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">sha<span class=\"_ SeceLYo_82\"></span>re<span class=\"_ SeceLYo_82\"></span>s (or 50.<span class=\"_ SeceLYo_81\"></span>96<span class=\"_ SeceLYo_81\"></span>%) in EX<span class=\"_ SeceLYo_82\"></span>MA<span class=\"_ SeceLYo_82\"></span>R.</div>\n<div class=\"t SeceLYo_25 xe hb y77 SeceLYo_22 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">The B<span class=\"_ SeceLYo_82\"></span>id wo<span class=\"_ SeceLYo_82\"></span>ul<span class=\"_ SeceLYo_82\"></span>d be ma<span class=\"_ SeceLYo_82\"></span>de s<span class=\"_ SeceLYo_82\"></span>ub<span class=\"_ SeceLYo_82\"></span>je<span class=\"_ SeceLYo_82\"></span>c<span class=\"_ SeceLYo_82\"></span>t to a n<span class=\"_ SeceLYo_82\"></span>umb<span class=\"_ SeceLYo_82\"></span>e<span class=\"_ SeceLYo_82\"></span>r of co<span class=\"_ SeceLYo_82\"></span>ndi<span class=\"_ SeceLYo_82\"></span>tio<span class=\"_ SeceLYo_82\"></span>ns, i<span class=\"_ SeceLYo_82\"></span>ncl<span class=\"_ SeceLYo_82\"></span>ud<span class=\"_ SeceLYo_82\"></span>ing a<span class=\"_ SeceLYo_82\"></span>n acc<span class=\"_ SeceLYo_82\"></span>ept<span class=\"_ SeceLYo_82\"></span>a<span class=\"_ SeceLYo_82\"></span>nce t<span class=\"_ SeceLYo_82\"></span>hr<span class=\"_ SeceLYo_82\"></span>es<span class=\"_ SeceLYo_82\"></span>ho<span class=\"_ SeceLYo_82\"></span>ld of 95% and c<span class=\"_ SeceLYo_82\"></span>us<span class=\"_ SeceLYo_82\"></span>t<span class=\"_ SeceLYo_82\"></span>oma<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_83\"></span>y</div>\n<div class=\"t SeceLYo_41 xe hb y63 SeceLYo_22 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">mate<span class=\"_ SeceLYo_82\"></span>ri<span class=\"_ SeceLYo_82\"></span>al ad<span class=\"_ SeceLYo_82\"></span>ver<span class=\"_ SeceLYo_82\"></span>s<span class=\"_ SeceLYo_82\"></span>e c<span class=\"_ SeceLYo_82\"></span>han<span class=\"_ SeceLYo_82\"></span>ge p<span class=\"_ SeceLYo_82\"></span>rote<span class=\"_ SeceLYo_82\"></span>c<span class=\"_ SeceLYo_83\"></span>tio<span class=\"_ SeceLYo_82\"></span>n. E<span class=\"_ SeceLYo_82\"></span>XM<span class=\"_ SeceLYo_82\"></span>AR u<span class=\"_ SeceLYo_82\"></span>nd<span class=\"_ SeceLYo_82\"></span>er<span class=\"_ SeceLYo_82\"></span>s<span class=\"_ SeceLYo_82\"></span>t<span class=\"_ SeceLYo_82\"></span>a<span class=\"_ SeceLYo_82\"></span>nd<span class=\"_ SeceLYo_82\"></span>s th<span class=\"_ SeceLYo_82\"></span>at, i<span class=\"_ SeceLYo_82\"></span>f foll<span class=\"_ SeceLYo_82\"></span>owi<span class=\"_ SeceLYo_82\"></span>ng t<span class=\"_ SeceLYo_82\"></span>he Bi<span class=\"_ SeceLYo_82\"></span>d, SAVERE<span class=\"_ SeceLYo_82\"></span>X an<span class=\"_ SeceLYo_82\"></span>d pe<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>so<span class=\"_ SeceLYo_82\"></span>ns a<span class=\"_ SeceLYo_82\"></span>c<span class=\"_ SeceLYo_82\"></span>t<span class=\"_ SeceLYo_82\"></span>ing</div>\n<div class=\"t m8 xe hb y64 SeceLYo_22 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">in co<span class=\"_ SeceLYo_82\"></span>nce<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_83\"></span>t wi<span class=\"_ SeceLYo_82\"></span>th i<span class=\"_ SeceLYo_82\"></span>t hol<span class=\"_ SeceLYo_82\"></span>d at le<span class=\"_ SeceLYo_82\"></span>as<span class=\"_ SeceLYo_82\"></span>t 95% of th<span class=\"_ SeceLYo_82\"></span>e sh<span class=\"_ SeceLYo_82\"></span>are<span class=\"_ SeceLYo_82\"></span>s in E<span class=\"_ SeceLYo_82\"></span>X<span class=\"_ SeceLYo_82\"></span>MA<span class=\"_ SeceLYo_82\"></span>R an<span class=\"_ SeceLYo_82\"></span>d have ac<span class=\"_ SeceLYo_82\"></span>qui<span class=\"_ SeceLYo_82\"></span>re<span class=\"_ SeceLYo_82\"></span>d, as a re<span class=\"_ SeceLYo_82\"></span>sul<span class=\"_ SeceLYo_82\"></span>t of t<span class=\"_ SeceLYo_82\"></span>he ac<span class=\"_ SeceLYo_82\"></span>ce<span class=\"_ SeceLYo_82\"></span>pt<span class=\"_ SeceLYo_82\"></span>an<span class=\"_ SeceLYo_82\"></span>ce of t<span class=\"_ SeceLYo_82\"></span>he</div>\n<div class=\"t SeceLYo_32 xe hb y65 SeceLYo_22 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">Bid, at le<span class=\"_ SeceLYo_82\"></span>as<span class=\"_ SeceLYo_82\"></span>t 9<span class=\"_ SeceLYo_82\"></span>0% of t<span class=\"_ SeceLYo_82\"></span>he s<span class=\"_ SeceLYo_82\"></span>har<span class=\"_ SeceLYo_82\"></span>es t<span class=\"_ SeceLYo_82\"></span>hat a<span class=\"_ SeceLYo_82\"></span>re su<span class=\"_ SeceLYo_82\"></span>bje<span class=\"_ SeceLYo_82\"></span>c<span class=\"_ SeceLYo_83\"></span>t to th<span class=\"_ SeceLYo_82\"></span>e Bid, SAVERE<span class=\"_ SeceLYo_82\"></span>X in<span class=\"_ SeceLYo_82\"></span>ten<span class=\"_ SeceLYo_82\"></span>ds t<span class=\"_ SeceLYo_82\"></span>o lau<span class=\"_ SeceLYo_82\"></span>nc<span class=\"_ SeceLYo_82\"></span>h a sim<span class=\"_ SeceLYo_82\"></span>pli<span class=\"_ SeceLYo_82\"></span>fie<span class=\"_ SeceLYo_82\"></span>d sq<span class=\"_ SeceLYo_82\"></span>ue<span class=\"_ SeceLYo_82\"></span>eze<span class=\"_ SeceLYo_82\"></span>-<span class=\"_ SeceLYo_83\"></span>ou<span class=\"_ SeceLYo_82\"></span>t bid.<span class=\"_ SeceLYo_82\"></span></div>\n<div class=\"t SeceLYo_51 xe hb y79 SeceLYo_22 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">SAVERE<span class=\"_ SeceLYo_82\"></span>X has i<span class=\"_ SeceLYo_82\"></span>nfo<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>me<span class=\"_ SeceLYo_82\"></span>d th<span class=\"_ SeceLYo_82\"></span>e bo<span class=\"_ SeceLYo_82\"></span>ar<span class=\"_ SeceLYo_82\"></span>d of dir<span class=\"_ SeceLYo_82\"></span>ec<span class=\"_ SeceLYo_83\"></span>tor<span class=\"_ SeceLYo_82\"></span>s of E<span class=\"_ SeceLYo_83\"></span>XMA<span class=\"_ SeceLYo_82\"></span>R ab<span class=\"_ SeceLYo_82\"></span>o<span class=\"_ SeceLYo_82\"></span>ut it<span class=\"_ SeceLYo_83\"></span>s inte<span class=\"_ SeceLYo_82\"></span>nt<span class=\"_ SeceLYo_82\"></span>ion<span class=\"_ SeceLYo_82\"></span>s to lau<span class=\"_ SeceLYo_82\"></span>nc<span class=\"_ SeceLYo_82\"></span>h t<span class=\"_ SeceLYo_82\"></span>he Bid<span class=\"_ SeceLYo_82\"></span>. Su<span class=\"_ SeceLYo_82\"></span>bje<span class=\"_ SeceLYo_82\"></span>c<span class=\"_ SeceLYo_82\"></span>t to t<span class=\"_ SeceLYo_82\"></span>he<span class=\"_ SeceLYo_82\"></span>ir</div>\n<div class=\"t SeceLYo_42 xe hb y66 SeceLYo_22 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">revi<span class=\"_ SeceLYo_82\"></span>ew of t<span class=\"_ SeceLYo_82\"></span>he p<span class=\"_ SeceLYo_82\"></span>ros<span class=\"_ SeceLYo_82\"></span>p<span class=\"_ SeceLYo_82\"></span>ec<span class=\"_ SeceLYo_83\"></span>tu<span class=\"_ SeceLYo_82\"></span>s, th<span class=\"_ SeceLYo_82\"></span>e bo<span class=\"_ SeceLYo_82\"></span>ard o<span class=\"_ SeceLYo_82\"></span>f dire<span class=\"_ SeceLYo_82\"></span>c<span class=\"_ SeceLYo_83\"></span>tor<span class=\"_ SeceLYo_82\"></span>s have u<span class=\"_ SeceLYo_82\"></span>nani<span class=\"_ SeceLYo_82\"></span>mo<span class=\"_ SeceLYo_82\"></span>us<span class=\"_ SeceLYo_82\"></span>ly re<span class=\"_ SeceLYo_82\"></span>so<span class=\"_ SeceLYo_82\"></span>lve<span class=\"_ SeceLYo_82\"></span>d to s<span class=\"_ SeceLYo_82\"></span>up<span class=\"_ SeceLYo_82\"></span>po<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_83\"></span>t and r<span class=\"_ SeceLYo_82\"></span>ec<span class=\"_ SeceLYo_82\"></span>om<span class=\"_ SeceLYo_82\"></span>men<span class=\"_ SeceLYo_82\"></span>d t<span class=\"_ SeceLYo_82\"></span>he Bid<span class=\"_ SeceLYo_82\"></span>.</div>\n<div class=\"t SeceLYo_44 xe hb y67 SeceLYo_22 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Th<span class=\"_ SeceLYo_82\"></span>e ind<span class=\"_ SeceLYo_82\"></span>e<span class=\"_ SeceLYo_82\"></span>pe<span class=\"_ SeceLYo_82\"></span>nd<span class=\"_ SeceLYo_82\"></span>en<span class=\"_ SeceLYo_82\"></span>t dir<span class=\"_ SeceLYo_82\"></span>ec<span class=\"_ SeceLYo_83\"></span>tor<span class=\"_ SeceLYo_82\"></span>s of E<span class=\"_ SeceLYo_82\"></span>X<span class=\"_ SeceLYo_82\"></span>MA<span class=\"_ SeceLYo_82\"></span>R have a<span class=\"_ SeceLYo_82\"></span>pp<span class=\"_ SeceLYo_82\"></span>oi<span class=\"_ SeceLYo_82\"></span>nte<span class=\"_ SeceLYo_82\"></span>d De<span class=\"_ SeceLYo_82\"></span>gro<span class=\"_ SeceLYo_82\"></span>of Peter<span class=\"_ SeceLYo_82\"></span>c<span class=\"_ SeceLYo_82\"></span>am C<span class=\"_ SeceLYo_82\"></span>or<span class=\"_ SeceLYo_82\"></span>p<span class=\"_ SeceLYo_82\"></span>or<span class=\"_ SeceLYo_82\"></span>at<span class=\"_ SeceLYo_82\"></span>e Fina<span class=\"_ SeceLYo_82\"></span>nc<span class=\"_ SeceLYo_82\"></span>e SA as i<span class=\"_ SeceLYo_82\"></span>nd<span class=\"_ SeceLYo_82\"></span>ep<span class=\"_ SeceLYo_82\"></span>e<span class=\"_ SeceLYo_82\"></span>nd<span class=\"_ SeceLYo_82\"></span>ent</div>\n<div class=\"t SeceLYo_33 xe hb y68 SeceLYo_22 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">ex<span class=\"_ SeceLYo_82\"></span>pe<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_83\"></span>t to dr<span class=\"_ SeceLYo_82\"></span>aw u<span class=\"_ SeceLYo_82\"></span>p an in<span class=\"_ SeceLYo_82\"></span>de<span class=\"_ SeceLYo_82\"></span>p<span class=\"_ SeceLYo_82\"></span>en<span class=\"_ SeceLYo_82\"></span>de<span class=\"_ SeceLYo_82\"></span>nt ex<span class=\"_ SeceLYo_82\"></span>p<span class=\"_ SeceLYo_82\"></span>er<span class=\"_ SeceLYo_83\"></span>t re<span class=\"_ SeceLYo_82\"></span>po<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_83\"></span>t in ac<span class=\"_ SeceLYo_82\"></span>cor<span class=\"_ SeceLYo_82\"></span>da<span class=\"_ SeceLYo_82\"></span>nce w<span class=\"_ SeceLYo_82\"></span>it<span class=\"_ SeceLYo_82\"></span>h ar<span class=\"_ SeceLYo_83\"></span>ti<span class=\"_ SeceLYo_82\"></span>cle 23 o<span class=\"_ SeceLYo_82\"></span>f th<span class=\"_ SeceLYo_82\"></span>e Royal D<span class=\"_ SeceLYo_82\"></span>ec<span class=\"_ SeceLYo_82\"></span>re<span class=\"_ SeceLYo_82\"></span>e of 27 A<span class=\"_ SeceLYo_82\"></span>pr<span class=\"_ SeceLYo_82\"></span>il 20<span class=\"_ SeceLYo_82\"></span>07</div>\n<div class=\"t SeceLYo_46 xe hb y69 SeceLYo_22 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">on p<span class=\"_ SeceLYo_82\"></span>ub<span class=\"_ SeceLYo_82\"></span>lic t<span class=\"_ SeceLYo_82\"></span>akeove<span class=\"_ SeceLYo_82\"></span>r bid<span class=\"_ SeceLYo_82\"></span>s (t<span class=\"_ SeceLYo_82\"></span>he \u201cT<span class=\"_ SeceLYo_81\"></span>akeover D<span class=\"_ SeceLYo_82\"></span>ec<span class=\"_ SeceLYo_82\"></span>re<span class=\"_ SeceLYo_82\"></span>e\u201d). A deta<span class=\"_ SeceLYo_82\"></span>ile<span class=\"_ SeceLYo_82\"></span>d op<span class=\"_ SeceLYo_82\"></span>inio<span class=\"_ SeceLYo_82\"></span>n of t<span class=\"_ SeceLYo_82\"></span>he b<span class=\"_ SeceLYo_82\"></span>oar<span class=\"_ SeceLYo_82\"></span>d of dir<span class=\"_ SeceLYo_82\"></span>ec<span class=\"_ SeceLYo_83\"></span>tor<span class=\"_ SeceLYo_82\"></span>s w<span class=\"_ SeceLYo_82\"></span>ill be s<span class=\"_ SeceLYo_82\"></span>et f<span class=\"_ SeceLYo_82\"></span>or<span class=\"_ SeceLYo_83\"></span>th i<span class=\"_ SeceLYo_82\"></span>n</div>\n<div class=\"t m8 xe hb y6a SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">th<span class=\"_ SeceLYo_82\"></span>e res<span class=\"_ SeceLYo_82\"></span>p<span class=\"_ SeceLYo_82\"></span>on<span class=\"_ SeceLYo_82\"></span>se m<span class=\"_ SeceLYo_82\"></span>em<span class=\"_ SeceLYo_82\"></span>or<span class=\"_ SeceLYo_82\"></span>an<span class=\"_ SeceLYo_82\"></span>du<span class=\"_ SeceLYo_82\"></span>m.</div>\n<div class=\"t SeceLYo_43 xe hb y7b SeceLYo_22 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">SAVERE<span class=\"_ SeceLYo_82\"></span>X is b<span class=\"_ SeceLYo_82\"></span>ein<span class=\"_ SeceLYo_82\"></span>g as<span class=\"_ SeceLYo_82\"></span>si<span class=\"_ SeceLYo_82\"></span>s<span class=\"_ SeceLYo_82\"></span>te<span class=\"_ SeceLYo_82\"></span>d in re<span class=\"_ SeceLYo_82\"></span>s<span class=\"_ SeceLYo_82\"></span>pe<span class=\"_ SeceLYo_82\"></span>c<span class=\"_ SeceLYo_82\"></span>t of t<span class=\"_ SeceLYo_82\"></span>he B<span class=\"_ SeceLYo_82\"></span>id by K<span class=\"_ SeceLYo_82\"></span>BC Se<span class=\"_ SeceLYo_82\"></span>cu<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>iti<span class=\"_ SeceLYo_82\"></span>es N<span class=\"_ SeceLYo_82\"></span>V an<span class=\"_ SeceLYo_82\"></span>d BNP Par<span class=\"_ SeceLYo_82\"></span>ib<span class=\"_ SeceLYo_82\"></span>as Fo<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_83\"></span>tis S<span class=\"_ SeceLYo_82\"></span>A<span class=\"_ SeceLYo_83\"></span>/NV a<span class=\"_ SeceLYo_82\"></span>s fina<span class=\"_ SeceLYo_82\"></span>nc<span class=\"_ SeceLYo_82\"></span>ial</div>\n<div class=\"t SeceLYo_45 xe hb y6b SeceLYo_22 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">ad<span class=\"_ SeceLYo_82\"></span>vis<span class=\"_ SeceLYo_82\"></span>o<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>s, by Be<span class=\"_ SeceLYo_82\"></span>lfiu<span class=\"_ SeceLYo_82\"></span>s Ba<span class=\"_ SeceLYo_82\"></span>nk SA<span class=\"_ SeceLYo_83\"></span>/N<span class=\"_ SeceLYo_82\"></span>V as c<span class=\"_ SeceLYo_82\"></span>ent<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>ali<span class=\"_ SeceLYo_82\"></span>zin<span class=\"_ SeceLYo_82\"></span>g an<span class=\"_ SeceLYo_82\"></span>d rec<span class=\"_ SeceLYo_82\"></span>eiv<span class=\"_ SeceLYo_82\"></span>in<span class=\"_ SeceLYo_82\"></span>g age<span class=\"_ SeceLYo_82\"></span>nt a<span class=\"_ SeceLYo_82\"></span>nd by A<span class=\"_ SeceLYo_82\"></span>rg<span class=\"_ SeceLYo_82\"></span>o L<span class=\"_ SeceLYo_82\"></span>aw a<span class=\"_ SeceLYo_82\"></span>s le<span class=\"_ SeceLYo_82\"></span>gal a<span class=\"_ SeceLYo_82\"></span>dv<span class=\"_ SeceLYo_82\"></span>is<span class=\"_ SeceLYo_82\"></span>or<span class=\"_ SeceLYo_81\"></span>. T<span class=\"_ SeceLYo_82\"></span>he in<span class=\"_ SeceLYo_82\"></span>d<span class=\"_ SeceLYo_82\"></span>e<span class=\"_ SeceLYo_82\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t SeceLYo_29 xe hb y6c SeceLYo_22 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">pe<span class=\"_ SeceLYo_82\"></span>nd<span class=\"_ SeceLYo_82\"></span>en<span class=\"_ SeceLYo_82\"></span>t dire<span class=\"_ SeceLYo_82\"></span>c<span class=\"_ SeceLYo_83\"></span>tor<span class=\"_ SeceLYo_82\"></span>s of E<span class=\"_ SeceLYo_82\"></span>X<span class=\"_ SeceLYo_82\"></span>MA<span class=\"_ SeceLYo_82\"></span>R are b<span class=\"_ SeceLYo_82\"></span>ei<span class=\"_ SeceLYo_82\"></span>ng as<span class=\"_ SeceLYo_82\"></span>s<span class=\"_ SeceLYo_82\"></span>is<span class=\"_ SeceLYo_82\"></span>te<span class=\"_ SeceLYo_82\"></span>d by A<span class=\"_ SeceLYo_82\"></span>lle<span class=\"_ SeceLYo_82\"></span>n &amp; O<span class=\"_ SeceLYo_82\"></span>ver<span class=\"_ SeceLYo_83\"></span>y LL<span class=\"_ SeceLYo_82\"></span>P as l<span class=\"_ SeceLYo_82\"></span>eg<span class=\"_ SeceLYo_82\"></span>al ad<span class=\"_ SeceLYo_82\"></span>vi<span class=\"_ SeceLYo_82\"></span>so<span class=\"_ SeceLYo_82\"></span>r an<span class=\"_ SeceLYo_82\"></span>d have ap<span class=\"_ SeceLYo_82\"></span>p<span class=\"_ SeceLYo_82\"></span>oint<span class=\"_ SeceLYo_82\"></span>ed D<span class=\"_ SeceLYo_82\"></span>eg<span class=\"_ SeceLYo_82\"></span>ro<span class=\"_ SeceLYo_82\"></span>of</div>\n<div class=\"t m8 xe hb y6d SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Peterc<span class=\"_ SeceLYo_82\"></span>a<span class=\"_ SeceLYo_82\"></span>m Co<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>po<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>ate Fi<span class=\"_ SeceLYo_82\"></span>nan<span class=\"_ SeceLYo_82\"></span>ce SA a<span class=\"_ SeceLYo_82\"></span>s in<span class=\"_ SeceLYo_82\"></span>de<span class=\"_ SeceLYo_82\"></span>pe<span class=\"_ SeceLYo_82\"></span>nd<span class=\"_ SeceLYo_82\"></span>e<span class=\"_ SeceLYo_82\"></span>nt ex<span class=\"_ SeceLYo_82\"></span>p<span class=\"_ SeceLYo_82\"></span>er<span class=\"_ SeceLYo_83\"></span>t in a<span class=\"_ SeceLYo_82\"></span>cco<span class=\"_ SeceLYo_82\"></span>rd<span class=\"_ SeceLYo_82\"></span>anc<span class=\"_ SeceLYo_82\"></span>e wi<span class=\"_ SeceLYo_82\"></span>th a<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>t<span class=\"_ SeceLYo_82\"></span>ic<span class=\"_ SeceLYo_82\"></span>le 23 of t<span class=\"_ SeceLYo_82\"></span>he T<span class=\"_ SeceLYo_81\"></span>akeove<span class=\"_ SeceLYo_82\"></span>r De<span class=\"_ SeceLYo_82\"></span>cre<span class=\"_ SeceLYo_82\"></span>e.</div>\n<div class=\"t m8 xe hb SeceLYo_103 SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">No ot<span class=\"_ SeceLYo_82\"></span>her s<span class=\"_ SeceLYo_82\"></span>u<span class=\"_ SeceLYo_82\"></span>bs<span class=\"_ SeceLYo_82\"></span>eq<span class=\"_ SeceLYo_82\"></span>ue<span class=\"_ SeceLYo_82\"></span>nt eve<span class=\"_ SeceLYo_82\"></span>nt<span class=\"_ SeceLYo_82\"></span>s o<span class=\"_ SeceLYo_82\"></span>cc<span class=\"_ SeceLYo_82\"></span>ur<span class=\"_ SeceLYo_82\"></span>re<span class=\"_ SeceLYo_82\"></span>d.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 113px; height: 729px; width: 94%; z-index: 2;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 113px; height: 1026px; width: 96%; z-index: 1;\"></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag443": {
   "value": "\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x1 h11 y42 ff2 fsb fc3 sc0 ls40 ws44\" style=\"z-index: 15;\">NOTE 1 - A<span class=\"_ _1\"></span>CC<span class=\"_ _1\"></span>OUNTING POLICIES</div>\n\n<div class=\"t m0 x1 h12 y43 ff2 fsc fc5 sc0 ls2 ws2\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>. <span class=\"_ _b6\"></span><span class=\"ls41 ws45\">REPORTING ENTIT<span class=\"_ _7\"></span>Y</span></div>\n<div class=\"t m130 x1 hb y81 ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">EXMAR NV (\u201cthe C<span class=\"_ _4\"></span>om<span class=\"_ _4\"></span>pany<span class=\"_ _4\"></span>\u201d) is a co<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>ny do<span class=\"_ _4\"></span>micil<span class=\"_ _4\"></span>ed in Belgium w<span class=\"_ _4\"></span>hos<span class=\"_ _4\"></span>e sha<span class=\"_ _4\"></span>res a<span class=\"_ _4\"></span>re pu<span class=\"_ _4\"></span>blic<span class=\"_ _4\"></span>ly tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>ed (Eu<span class=\"_ _4\"></span>ron<span class=\"_ _4\"></span>ex<span class=\"_ _4\"></span>t \u2013 E<span class=\"_ _4\"></span>XM).</div>\n<div class=\"t m131 x1 hb y82 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">The c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>olid<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d \ufb01nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s of t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up co<span class=\"_ _4\"></span>mpr<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>e the C<span class=\"_ _4\"></span>om<span class=\"_ _4\"></span>pany<span class=\"_ _3\"></span>, it<span class=\"_ _4\"></span>s su<span class=\"_ _4\"></span>bsid<span class=\"_ _4\"></span>iar<span class=\"_ _4\"></span>ies, a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p<span class=\"_ _3\"></span>\u2019<span class=\"_ _3\"></span>s inter<span class=\"ws2\">-</span></div>\n<div class=\"t m132 x1 hb y83 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">es<span class=\"_ _4\"></span>t in a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>oci<span class=\"_ _4\"></span>ates a<span class=\"_ _4\"></span>nd joi<span class=\"_ _4\"></span>nt ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s (refe<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ed to a<span class=\"_ _4\"></span>s the \u201cGro<span class=\"_ _4\"></span>up<span class=\"_ _1\"></span>\u201d). Th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up is a<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tive i<span class=\"_ _4\"></span>n the industrial shipping</div>\n<div class=\"t m8 x1 hb y84 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">business.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 987px; height: 103px; width: 92%; z-index: 3;\"><br/></div>\n\n\n<div><br/></div>\n<div class=\"t m0 x1 h12 y87 ff2 fsc fc5 sc0 ls42 ws46\" style=\"z-index: 15;\">B. <span class=\"_ _8\"> </span><span class=\"ls41 ws45\">BASIS OF PREP<span class=\"_ _2\"></span>AR<span class=\"_ _4\"></span>A<span class=\"_ _2\"></span>TION</span></div>\n<div class=\"t m133 x1 hb y88 ff1 fs9 fc2 sc0 ls25 wsc\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e cons<span class=\"_ _4\"></span>oli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d \ufb01nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s have b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n pre<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ed in a<span class=\"_ _4\"></span>ccor<span class=\"_ _4\"></span>dan<span class=\"_ _4\"></span>ce wi<span class=\"_ _4\"></span>th In<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>nat<span class=\"_ _4\"></span>ional F<span class=\"_ _4\"></span>inan<span class=\"_ _4\"></span>cial Re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng St<span class=\"_ _4\"></span>and<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m134 x1 hb y89 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">ard<span class=\"_ _4\"></span>s (IFRS<span class=\"_ _4\"></span>) is<span class=\"_ _4\"></span>sue<span class=\"_ _4\"></span>d by t<span class=\"_ _4\"></span>he Inte<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>natio<span class=\"_ _4\"></span>nal Ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>ng Sta<span class=\"_ _4\"></span>nda<span class=\"_ _4\"></span>rds B<span class=\"_ _4\"></span>oar<span class=\"_ _4\"></span>d (IA<span class=\"_ _4\"></span>SB) as ad<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>ted by EU o<span class=\"_ _4\"></span>n Dec<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2022.</div>\n<div class=\"t m135 x1 hb y8a ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">The a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng po<span class=\"_ _4\"></span>licie<span class=\"_ _4\"></span>s ado<span class=\"_ _4\"></span>pte<span class=\"_ _4\"></span>d in pr<span class=\"_ _4\"></span>epa<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g the 2<span class=\"_ _4\"></span>022 co<span class=\"_ _4\"></span>nso<span class=\"_ _4\"></span>lidat<span class=\"_ _4\"></span>ed \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>re co<span class=\"_ _4\"></span>nsis<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>nt wit<span class=\"_ _4\"></span>h th<span class=\"_ _4\"></span>ose<span class=\"_ _4\"></span> </div>\n<div class=\"t m8 x1 hb yd8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ap<span class=\"_ _4\"></span>plie<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e pre<span class=\"_ _4\"></span>viou<span class=\"_ _4\"></span>s \ufb01na<span class=\"_ _4\"></span>ncial ye<span class=\"_ _4\"></span>ar<span class=\"_ _1\"></span>, exc<span class=\"_ _4\"></span>ept fo<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e item<span class=\"_ _4\"></span>s bel<span class=\"_ _4\"></span>ow.</div>\n<div class=\"t m0 x1 h6 y1a4 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">New a<span class=\"_ _4\"></span>nd am<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>ed s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>and<span class=\"_ _4\"></span>ard<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d inte<span class=\"_ _4\"></span>rpr<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns, e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>tive i<span class=\"_ _4\"></span>n 2022</div>\n<div class=\"t m136 x1 hb y4c ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p app<span class=\"_ _4\"></span>lie<span class=\"_ _4\"></span>d for t<span class=\"_ _4\"></span>he \ufb01r<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t tim<span class=\"_ _4\"></span>e cer<span class=\"_ _7\"></span>tai<span class=\"_ _4\"></span>n s<span class=\"_ _4\"></span>tan<span class=\"_ _4\"></span>dar<span class=\"_ _4\"></span>ds a<span class=\"_ _4\"></span>nd am<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s, whic<span class=\"_ _4\"></span>h are e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>tive f<span class=\"_ _4\"></span>or an<span class=\"_ _4\"></span>nual p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod<span class=\"_ _4\"></span>s be<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y4d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">gin<span class=\"_ _4\"></span>ning o<span class=\"_ _4\"></span>n or af<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>er Jan<span class=\"_ _4\"></span>uar<span class=\"_ _7\"></span>y 1<span class=\"_ _1\"></span>, 2022:</div>\n<div class=\"t m8 x1 hb y1a5 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span><span class=\"ls22 ws15\">Amendment<span class=\"_ _4\"></span>s to<span class=\"_ _3\"></span> IFRS<span class=\"_ _1\"></span> 3 Business Combinations; Connectional F<span class=\"_ _3\"></span>ramework; </span></div>\n<div class=\"t m8 x1 hb y1a6 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Am<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>dme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to IA<span class=\"_ _4\"></span>S 1<span class=\"_ _1\"></span>6 Pr<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y, Plant an<span class=\"_ _4\"></span>d Equip<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt: Pro<span class=\"_ _4\"></span>cee<span class=\"_ _4\"></span>ds b<span class=\"_ _4\"></span>efo<span class=\"_ _4\"></span>re Int<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>ed U<span class=\"_ _4\"></span>se;</div>\n<div class=\"t m8 x1 hb y1a7 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Am<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>dme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to IA<span class=\"_ _4\"></span>S 37 Cont<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>ent L<span class=\"_ _4\"></span>iabi<span class=\"_ _4\"></span>litie<span class=\"_ _4\"></span>s and O<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>s Con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s \u2013 Co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t of Ful\ufb01lli<span class=\"_ _4\"></span>ng a Co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>.</div>\n<div class=\"t m8 x1 hb y1a8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p bel<span class=\"_ _4\"></span>ieves t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e have lit<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>le or n<span class=\"_ _4\"></span>o imp<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t o<span class=\"_ _4\"></span>n it<span class=\"_ _4\"></span>s con<span class=\"_ _4\"></span>sol<span class=\"_ _4\"></span>idat<span class=\"_ _4\"></span>ed \ufb01na<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m137 x1 hb y51 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p has no<span class=\"_ _4\"></span>t ear<span class=\"_ _4\"></span>ly ad<span class=\"_ _4\"></span>opt<span class=\"_ _4\"></span>ed any ot<span class=\"_ _4\"></span>her s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>dar<span class=\"_ _4\"></span>d, inter<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ret<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n or a<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>dme<span class=\"_ _4\"></span>nt th<span class=\"_ _4\"></span>at has b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n is<span class=\"_ _4\"></span>sue<span class=\"_ _4\"></span>d bu<span class=\"_ _4\"></span>t is not</div>\n<div class=\"t m8 x1 hb y52 ff1 fs9 fc2 sc0 ls13 wsc\" style=\"z-index: 15;\">yet effe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tive.</div>\n<div class=\"t m0 x1 h6 y1a9 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Stan<span class=\"_ _4\"></span>da<span class=\"_ _4\"></span>rds i<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ued b<span class=\"_ _4\"></span>ut no<span class=\"_ _4\"></span>t yet ef<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve</div>\n<div class=\"t m76 x1 hb y55 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">A num<span class=\"_ _4\"></span>ber o<span class=\"_ _4\"></span>f new s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>ard<span class=\"_ _4\"></span>s, ame<span class=\"_ _4\"></span>ndm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s to s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>dard<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d inter<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ret<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns ar<span class=\"_ _4\"></span>e not yet ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive fo<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e year en<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d</div>\n<div class=\"t m138 x1 hb y56 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">De<span class=\"_ _4\"></span>cem<span class=\"_ _4\"></span>ber 31<span class=\"_ _1\"></span>, 2022 a<span class=\"_ _4\"></span>nd have no<span class=\"_ _4\"></span>t bee<span class=\"_ _4\"></span>n ap<span class=\"_ _4\"></span>plie<span class=\"_ _4\"></span>d in p<span class=\"_ _4\"></span>rep<span class=\"_ _4\"></span>ari<span class=\"_ _4\"></span>ng t<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span>soli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s. Th<span class=\"_ _4\"></span>e foll<span class=\"_ _4\"></span>ow<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m139 x1 hb y57 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">ing n<span class=\"_ _4\"></span>ew or am<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>dar<span class=\"_ _4\"></span>ds or i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ret<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ons, e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>tive J<span class=\"_ _4\"></span>anu<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y 1<span class=\"_ _1\"></span>, 2<span class=\"_ _4\"></span>023, are not e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed to have a s<span class=\"_ _4\"></span>igni<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>ant</div>\n<div class=\"t m8 x1 hb y58 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">imp<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t o<span class=\"_ _4\"></span>n the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s con<span class=\"_ _4\"></span>soli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s:</div>\n<div class=\"t m8 x1 hb y1aa ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span><span class=\"ls29 ws22\">IFRS 1<span class=\"_ _2\"></span>7 Insur<span class=\"_ _4\"></span>ance Contrac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s;</span></div>\n<div class=\"t m8 x1 hb y1ab ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Am<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>dme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to IA<span class=\"_ _4\"></span>S 1 Cla<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>i\ufb01c<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on of L<span class=\"_ _4\"></span>iabili<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s as Cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ent or N<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nt;</div>\n<div class=\"t m8 x1 hb y1ac ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Am<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>dme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to IA<span class=\"_ _4\"></span>S 8 De\ufb01<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on of Ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>g Es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>s;</div>\n<div class=\"t m8 x1 hb y1ad ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Am<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>dme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to IA<span class=\"_ _4\"></span>S 1 an<span class=\"_ _4\"></span>d IFRS Pr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ce St<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent 2: Dis<span class=\"_ _4\"></span>cl<span class=\"_ _4\"></span>osu<span class=\"_ _4\"></span>re of Acc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ting Poli<span class=\"_ _4\"></span>cies;</div>\n<div class=\"t m8 x1 hb y1ae ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Am<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>dme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to IA<span class=\"_ _4\"></span>S 1<span class=\"_ _1\"></span>2 D<span class=\"_ _4\"></span>efer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d T<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span>x relat<span class=\"_ _4\"></span>ed to A<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>nd L<span class=\"_ _4\"></span>iabil<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>isin<span class=\"_ _4\"></span>g fr<span class=\"_ _4\"></span>om a Sin<span class=\"_ _4\"></span>gle T<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n<span class=\"_ _3\"></span>;</div>\n\n<div class=\"t m13a x1 hb y5e ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e cons<span class=\"_ _4\"></span>oli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d \ufb01nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s w<span class=\"_ _4\"></span>ere ap<span class=\"_ _4\"></span>pro<span class=\"_ _4\"></span>ved an<span class=\"_ _4\"></span>d were a<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>hor<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d for i<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ue by t<span class=\"_ _4\"></span>he Bo<span class=\"_ _4\"></span>ard of D<span class=\"_ _4\"></span>irec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>s on</div>\n<div class=\"t m8 x1 hb y5f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Marc<span class=\"_ _4\"></span>h 28, 2023.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 443px; height: 36px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x1 h12 y76 ff2 fsc fc5 sc0 ls2 ws2\" style=\"z-index: 15;\">C. <span class=\"_ _b8\"> </span><span class=\"ls41 ws45\">BASIS OF MEA<span class=\"_ _4\"></span>SUREMENT AND P<span class=\"_ _1\"></span>RE<span class=\"_ _4\"></span>SENT<span class=\"_ _2\"></span>A<span class=\"_ _2\"></span>TION</span></div>\n<div class=\"t m13b x1 hb y77 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e cons<span class=\"_ _4\"></span>oli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s are pr<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>ente<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>hou<span class=\"_ _4\"></span>san<span class=\"_ _4\"></span>ds of U<span class=\"_ _4\"></span>SD<span class=\"_ _1\"></span>, w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h is als<span class=\"_ _4\"></span>o th<span class=\"_ _4\"></span>e fu<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>onal c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y of</div>\n<div class=\"t m20 x1 hb y63 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">the p<span class=\"_ _4\"></span>are<span class=\"_ _4\"></span>nt co<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>ny<span class=\"_ _1\"></span>. T<span class=\"_ _4\"></span>he Fin<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al Ser<span class=\"_ _7\"></span>vic<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d Mar<span class=\"_ _4\"></span>ket<span class=\"_ _4\"></span>s Au<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>rit<span class=\"_ _7\"></span>y (FSMA<span class=\"_ _4\"></span>) ap<span class=\"_ _4\"></span>prove<span class=\"_ _4\"></span>d th<span class=\"_ _4\"></span>e use o<span class=\"_ _4\"></span>f the US<span class=\"_ _4\"></span>D as rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>t<span class=\"ws2\">-</span></div>\n<div class=\"t m13c x1 hb y64 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">ing c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>y by let<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r of July 2, 20<span class=\"_ _4\"></span>03 a<span class=\"_ _4\"></span>s the m<span class=\"_ _4\"></span>ajor<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y of t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up\u2019<span class=\"_ _1\"></span>s s<span class=\"_ _4\"></span>hipp<span class=\"_ _4\"></span>ing ac<span class=\"_ _7\"></span>tiv<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s and r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>ncin<span class=\"_ _4\"></span>g are</div>\n<div class=\"t m8 x1 hb y65 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ex<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n USD. All valu<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e rou<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e near<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t th<span class=\"_ _4\"></span>ous<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>d.</div>\n<div class=\"t mcd x1 hb y79 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e pre<span class=\"_ _4\"></span>pare<span class=\"_ _4\"></span>d on t<span class=\"_ _4\"></span>he his<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>ric<span class=\"_ _4\"></span>al c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t bas<span class=\"_ _4\"></span>is exce<span class=\"_ _4\"></span>pt fo<span class=\"_ _4\"></span>r the fo<span class=\"_ _4\"></span>llow<span class=\"_ _4\"></span>ing mat<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>nd lia<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m13d x1 hb y66 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">bili<span class=\"_ _4\"></span>ties t<span class=\"_ _4\"></span>hat have b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d on a<span class=\"_ _4\"></span>n alte<span class=\"_ _4\"></span>rn<span class=\"_ _4\"></span>ative b<span class=\"_ _4\"></span>asi<span class=\"_ _4\"></span>s on ea<span class=\"_ _4\"></span>ch re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng dat<span class=\"_ _4\"></span>e: der<span class=\"_ _4\"></span>ivat<span class=\"_ _4\"></span>ive \ufb01na<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s,</div>\n<div class=\"t m13e x1 hb y67 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s at F<span class=\"_ _4\"></span>V<span class=\"_ _7\"></span>TPL and t<span class=\"_ _4\"></span>he ne<span class=\"_ _4\"></span>t de\ufb01<span class=\"_ _4\"></span>ned b<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>e\ufb01t lia<span class=\"_ _4\"></span>bili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>. As<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s hel<span class=\"_ _4\"></span>d for s<span class=\"_ _4\"></span>ale a<span class=\"_ _4\"></span>re s<span class=\"_ _4\"></span>tat<span class=\"_ _4\"></span>ed at t<span class=\"_ _4\"></span>he lo<span class=\"_ _4\"></span>wer of c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y68 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ing a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt and f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue l<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s cos<span class=\"_ _4\"></span>t to s<span class=\"_ _4\"></span>ell.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 245px; height: 713px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 245px; height: 894px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 xe h12 y42 ff2 fsc fc5 sc0 ls43 ws47\" style=\"z-index: 15;\">D.<span class=\"_ _4\"></span> <span class=\"_ _b8\"></span><span class=\"ls2 ws2\">U<span class=\"_ _1\"></span>SE OF JUDGEMENTS AND ESTIMA<span class=\"_ _2\"></span>TES</span></div>\n<div class=\"t m13f xe hb y7f ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e pre<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on of t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>nso<span class=\"_ _4\"></span>lidat<span class=\"_ _4\"></span>ed \ufb01na<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s in acc<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>e wit<span class=\"_ _4\"></span>h IFRS re<span class=\"_ _4\"></span>quir<span class=\"_ _4\"></span>es ma<span class=\"_ _4\"></span>nage<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t to make</div>\n<div class=\"t m140 xe hb y43 ff1 fs9 fc2 sc0 ls17 wsb\" style=\"z-index: 15;\">jud<span class=\"_ _4\"></span>gme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s, es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>s and as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ump<span class=\"_ _4\"></span>tion<span class=\"_ _4\"></span>s that a<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t the a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>lic<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n of th<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng po<span class=\"_ _4\"></span>licie<span class=\"_ _4\"></span>s and t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d</div>\n<div class=\"t m141 xe hb y80 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s of a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es, in<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e and ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es, t<span class=\"_ _4\"></span>he acc<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>anyi<span class=\"_ _4\"></span>ng dis<span class=\"_ _4\"></span>cl<span class=\"_ _4\"></span>osu<span class=\"_ _4\"></span>res a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e dis<span class=\"_ _4\"></span>clo<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>e of con<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m142 xe hb y81 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">tin<span class=\"_ _4\"></span>gen<span class=\"_ _4\"></span>t liabi<span class=\"_ _4\"></span>lit<span class=\"_ _4\"></span>y. The es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>s and re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d as<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>mpti<span class=\"_ _4\"></span>ons a<span class=\"_ _4\"></span>re bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n his<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>al ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>e and v<span class=\"_ _4\"></span>ari<span class=\"_ _4\"></span>ous ot<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>r fac<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y82 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">tor<span class=\"_ _4\"></span>s th<span class=\"_ _4\"></span>at are b<span class=\"_ _4\"></span>elieve<span class=\"_ _4\"></span>d to b<span class=\"_ _4\"></span>e reas<span class=\"_ _4\"></span>ona<span class=\"_ _4\"></span>ble u<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e circ<span class=\"_ _4\"></span>ums<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ces<span class=\"_ _4\"></span>. Ac<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al res<span class=\"_ _4\"></span>ult<span class=\"_ _4\"></span>s m<span class=\"_ _4\"></span>ay dif<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>er fr<span class=\"_ _4\"></span>om t<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mates<span class=\"_ _4\"></span>.</div>\n<div class=\"t m143 xe hb y83 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">The estimates and the underlying assumptions are reviewed on an ongoing basis. Revis<span class=\"_ _4\"></span>ions t<span class=\"_ _4\"></span>o acco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ing es<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>imate<span class=\"_ _4\"></span>s</div>\n<div class=\"t m144 xe hb y84 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in t<span class=\"_ _4\"></span>he p<span class=\"_ _4\"></span>eri<span class=\"_ _4\"></span>od in w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h the e<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>e is revi<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d if th<span class=\"_ _4\"></span>e revis<span class=\"_ _4\"></span>ion o<span class=\"_ _4\"></span>nly af<span class=\"_ _7\"></span>fec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>hat p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod, or i<span class=\"_ _4\"></span>n the p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod</div>\n<div class=\"t m8 xe hb y85 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e revi<span class=\"_ _4\"></span>sio<span class=\"_ _4\"></span>n and f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod<span class=\"_ _4\"></span>s, if t<span class=\"_ _4\"></span>he rev<span class=\"_ _4\"></span>isio<span class=\"_ _4\"></span>n af<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s bo<span class=\"_ _4\"></span>th c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>rent a<span class=\"_ _4\"></span>nd f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure p<span class=\"_ _4\"></span>eri<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m0 xe h6 y1af ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Judgements</div>\n<div class=\"t m145 xe hb y88 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">In t<span class=\"_ _4\"></span>he pro<span class=\"_ _4\"></span>ces<span class=\"_ _4\"></span>s of a<span class=\"_ _4\"></span>ppl<span class=\"_ _4\"></span>ying t<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup\u2019<span class=\"_ _1\"></span>s a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng po<span class=\"_ _4\"></span>licie<span class=\"_ _4\"></span>s, mana<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent ha<span class=\"_ _4\"></span>s mad<span class=\"_ _4\"></span>e the f<span class=\"_ _4\"></span>ollow<span class=\"_ _4\"></span>ing ju<span class=\"_ _4\"></span>dge<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s, whic<span class=\"_ _4\"></span>h</div>\n<div class=\"t m8 xe hb y89 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">have a sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>t imp<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t o<span class=\"_ _4\"></span>n the a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>ted i<span class=\"_ _4\"></span>n the c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>oli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>ncial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s:</div>\n<div class=\"t m0 xe h6 y1b0 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">As<span class=\"_ _4\"></span>sessment of e<span class=\"_ _3\"></span>xercising purchase options</div>\n<div class=\"t m146 xe hb y4a ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Det<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>mini<span class=\"_ _4\"></span>ng wh<span class=\"_ _4\"></span>eth<span class=\"_ _4\"></span>er E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR will e<span class=\"_ _4\"></span>xerc<span class=\"_ _4\"></span>ise p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>e opt<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s on \ufb01n<span class=\"_ _4\"></span>ance<span class=\"_ _4\"></span>d as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s req<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>s jud<span class=\"_ _4\"></span>gm<span class=\"_ _4\"></span>ent a<span class=\"_ _4\"></span>nd im<span class=\"_ _4\"></span>pac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m8 xe hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">us<span class=\"_ _4\"></span>efu<span class=\"_ _4\"></span>l life of t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>. All f<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d cir<span class=\"_ _4\"></span>cum<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>nces r<span class=\"_ _4\"></span>elev<span class=\"_ _4\"></span>ant to t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>sm<span class=\"_ _4\"></span>ent ar<span class=\"_ _4\"></span>e cons<span class=\"_ _4\"></span>id<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m147 xe hb y4c ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Sp<span class=\"_ _4\"></span>eci<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>ally<span class=\"_ _3\"></span>, for t<span class=\"_ _4\"></span>he pre<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>ize<span class=\"_ _4\"></span>d \ufb02ee<span class=\"_ _4\"></span>t, mana<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent ha<span class=\"_ _4\"></span>s mad<span class=\"_ _4\"></span>e the a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n tha<span class=\"_ _4\"></span>t the p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>e opt<span class=\"_ _4\"></span>ions f<span class=\"_ _4\"></span>or t<span class=\"_ _4\"></span>he 7</div>\n<div class=\"t m8 xe hb y4d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ls will b<span class=\"_ _4\"></span>e exer<span class=\"_ _4\"></span>cis<span class=\"_ _4\"></span>ed b<span class=\"_ _4\"></span>efor<span class=\"_ _4\"></span>e or at t<span class=\"_ _4\"></span>he en<span class=\"_ _4\"></span>d of th<span class=\"_ _4\"></span>e res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve \ufb01nan<span class=\"_ _4\"></span>cing a<span class=\"_ _4\"></span>gre<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s.  </div>\n\n<div class=\"t m0 xe h6 y1b1 ff2 fs4 fc1 sc0 ls46 ws4a\" style=\"z-index: 15;\">Estimates<span class=\"_ _1\"></span> and assumptions</div>\n<div class=\"t m8 xe hb y50 ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e key ass<span class=\"_ _4\"></span>ump<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns co<span class=\"_ _4\"></span>ncer<span class=\"_ _4\"></span>ni<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e fu<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e and ot<span class=\"_ _4\"></span>her key s<span class=\"_ _4\"></span>our<span class=\"_ _4\"></span>ces of e<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tima<span class=\"_ _4\"></span>tion u<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>aint<span class=\"_ _7\"></span>y at th<span class=\"_ _4\"></span>e rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>ting d<span class=\"_ _4\"></span>ate,</div>\n<div class=\"t m148 xe hb y51 ff1 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">tha<span class=\"_ _4\"></span>t have a sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>ant r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k of ca<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>ng a mate<span class=\"_ _4\"></span>rial a<span class=\"_ _4\"></span>dju<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt to th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s of as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s and li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>ties w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>hin th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y52 ff1 fs9 fc2 sc0 ls2 ws3b\" style=\"z-index: 15;\">nex<span class=\"_ _4\"></span>t \ufb01n<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>ial year<span class=\"_ _3\"></span>, are de<span class=\"_ _4\"></span>sc<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>be<span class=\"_ _4\"></span>d bel<span class=\"_ _4\"></span>ow. The Gro<span class=\"_ _4\"></span>up b<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d it<span class=\"_ _4\"></span>s as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>umpt<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s and e<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>es on p<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ame<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>s avail<span class=\"_ _4\"></span>able</div>\n<div class=\"t m149 xe hb y53 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">wh<span class=\"_ _4\"></span>en th<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span>sol<span class=\"_ _4\"></span>idat<span class=\"_ _4\"></span>ed \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al s<span class=\"_ _4\"></span>tat<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s wer<span class=\"_ _4\"></span>e pre<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ed. E<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>g circ<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ces a<span class=\"_ _4\"></span>nd as<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>mpt<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s abo<span class=\"_ _4\"></span>ut f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure</div>\n<div class=\"t m14a xe hb y54 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">deve<span class=\"_ _4\"></span>lop<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s, howeve<span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>, may c<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>e due to m<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ket cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s or cir<span class=\"_ _4\"></span>cum<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>nces a<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>sing t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e beyo<span class=\"_ _4\"></span>nd co<span class=\"_ _4\"></span>ntro<span class=\"_ _4\"></span>l of</div>\n<div class=\"t m8 xe hb y73 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p. Suc<span class=\"_ _4\"></span>h cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>\ufb02ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed in t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>umpt<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>ey occ<span class=\"_ _4\"></span>ur<span class=\"_ _3\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 624px; height: 128px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 xe h6 y1b2 ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Impairment of<span class=\"_ _3\"></span> vessels and<span class=\"_ _3\"></span> barges</div>\n<div class=\"t m129 xe hb y58 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p revie<span class=\"_ _4\"></span>ws t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>yi<span class=\"_ _4\"></span>ng amo<span class=\"_ _4\"></span>unt of e<span class=\"_ _4\"></span>ach ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>el fo<span class=\"_ _4\"></span>r pote<span class=\"_ _4\"></span>ntia<span class=\"_ _4\"></span>l imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>ment a<span class=\"_ _4\"></span>t leas<span class=\"_ _4\"></span>t an<span class=\"_ _4\"></span>nuall<span class=\"_ _4\"></span>y or w<span class=\"_ _4\"></span>hene<span class=\"_ _4\"></span>ver event<span class=\"_ _4\"></span>s</div>\n<div class=\"t m14b xe hb y59 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">or c<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>es in c<span class=\"_ _4\"></span>irc<span class=\"_ _4\"></span>ums<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>es in<span class=\"_ _4\"></span>dic<span class=\"_ _4\"></span>ate t<span class=\"_ _4\"></span>hat th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt of a s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ci\ufb01c ve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>sel m<span class=\"_ _4\"></span>ay not be f<span class=\"_ _4\"></span>ully r<span class=\"_ _4\"></span>ecove<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ble. Th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y5a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rec<span class=\"_ _4\"></span>over<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt is t<span class=\"_ _4\"></span>he hig<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue le<span class=\"_ _4\"></span>ss c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t to s<span class=\"_ _4\"></span>ell an<span class=\"_ _4\"></span>d the v<span class=\"_ _4\"></span>alue i<span class=\"_ _4\"></span>n use.</div>\n<div class=\"t m14c xe hb y5b ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e les<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>st t<span class=\"_ _4\"></span>o sell i<span class=\"_ _4\"></span>s det<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>mine<span class=\"_ _4\"></span>d ba<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d upo<span class=\"_ _4\"></span>n in<span class=\"_ _4\"></span>dep<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>nt val<span class=\"_ _4\"></span>uati<span class=\"_ _4\"></span>on re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s. T<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup e<span class=\"_ _4\"></span>ngag<span class=\"_ _4\"></span>es t<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>o</div>\n<div class=\"t m14d xe hb y5c ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">ind<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alua<span class=\"_ _4\"></span>tion s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>cial<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s to as<span class=\"_ _4\"></span>ses<span class=\"_ _4\"></span>s f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lues a<span class=\"_ _4\"></span>t rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>ting d<span class=\"_ _4\"></span>ate. Th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g valu<span class=\"_ _4\"></span>es of t<span class=\"_ _4\"></span>he ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ls may not</div>\n<div class=\"t m14e xe hb y5d ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">rep<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ent t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air ma<span class=\"_ _4\"></span>rket v<span class=\"_ _4\"></span>alue a<span class=\"_ _4\"></span>t any poi<span class=\"_ _4\"></span>nt in ti<span class=\"_ _4\"></span>me si<span class=\"_ _4\"></span>nce t<span class=\"_ _4\"></span>he mar<span class=\"_ _4\"></span>ket pr<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>es of se<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>nd han<span class=\"_ _4\"></span>d ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ls ten<span class=\"_ _4\"></span>d to \ufb02uc<span class=\"_ _7\"></span>tu<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m14f xe hb y5e ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">ate wi<span class=\"_ _4\"></span>th c<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ges i<span class=\"_ _4\"></span>n char<span class=\"_ _7\"></span>te<span class=\"_ _4\"></span>r rat<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d the c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t of new b<span class=\"_ _4\"></span>uild<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s. His<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>cal<span class=\"_ _4\"></span>ly<span class=\"_ _1\"></span>, b<span class=\"_ _4\"></span>oth c<span class=\"_ _4\"></span>har<span class=\"_ _7\"></span>ter r<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s and ve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>sel v<span class=\"_ _4\"></span>alue<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb y5f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ten<span class=\"_ _4\"></span>d to be c<span class=\"_ _4\"></span>yc<span class=\"_ _4\"></span>lic<span class=\"_ _4\"></span>al.</div>\n<div class=\"t m150 xe hb y60 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">The v<span class=\"_ _4\"></span>alue i<span class=\"_ _4\"></span>n us<span class=\"_ _4\"></span>e is bas<span class=\"_ _4\"></span>ed u<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>n fu<span class=\"_ _4\"></span>ture c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s dis<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d to the<span class=\"_ _4\"></span>ir pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nt val<span class=\"_ _4\"></span>ue. In deve<span class=\"_ _4\"></span>lop<span class=\"_ _4\"></span>ing es<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>imate<span class=\"_ _4\"></span>s of fu<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e</div>\n<div class=\"t m151 xe hb y75 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">ca<span class=\"_ _4\"></span>sh \ufb02<span class=\"_ _4\"></span>ows, ma<span class=\"_ _4\"></span>nag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt makes a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ump<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns ab<span class=\"_ _4\"></span>out e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n dat<span class=\"_ _4\"></span>e (in c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>e of tem<span class=\"_ _4\"></span>por<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ily u<span class=\"_ _4\"></span>nem<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>d</div>\n<div class=\"t m152 xe hb y76 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ls), fut<span class=\"_ _4\"></span>ure c<span class=\"_ _4\"></span>har<span class=\"_ _7\"></span>ter r<span class=\"_ _4\"></span>ates<span class=\"_ _4\"></span>, ship o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ting e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es, t<span class=\"_ _4\"></span>he es<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>imate<span class=\"_ _4\"></span>d re<span class=\"_ _4\"></span>maini<span class=\"_ _4\"></span>ng us<span class=\"_ _4\"></span>efu<span class=\"_ _4\"></span>l lives of t<span class=\"_ _4\"></span>he \ufb02e<span class=\"_ _4\"></span>et an<span class=\"_ _4\"></span>d th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m153 xe hb y61 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">WA<span class=\"_ _3\"></span>CC. Th<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>sum<span class=\"_ _4\"></span>pti<span class=\"_ _4\"></span>ons a<span class=\"_ _4\"></span>re bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n his<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>ric<span class=\"_ _4\"></span>al t<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>ds a<span class=\"_ _4\"></span>s well as f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s. Al<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>ug<span class=\"_ _4\"></span>h manag<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>ent</div>\n<div class=\"t m154 xe hb y77 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">be<span class=\"_ _4\"></span>lieves t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>umpt<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s us<span class=\"_ _4\"></span>ed to ev<span class=\"_ _4\"></span>aluat<span class=\"_ _4\"></span>e pote<span class=\"_ _4\"></span>ntia<span class=\"_ _4\"></span>l imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt are re<span class=\"_ _4\"></span>aso<span class=\"_ _4\"></span>nab<span class=\"_ _4\"></span>le an<span class=\"_ _4\"></span>d ap<span class=\"_ _4\"></span>pro<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>iate, su<span class=\"_ _4\"></span>ch as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ump<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m155 xe hb y63 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">tio<span class=\"_ _4\"></span>ns are h<span class=\"_ _4\"></span>ighl<span class=\"_ _4\"></span>y sub<span class=\"_ _4\"></span>jec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ive. We refe<span class=\"_ _4\"></span>r to Note 14 V<span class=\"_ _1\"></span>es<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>els a<span class=\"_ _4\"></span>nd ba<span class=\"_ _4\"></span>rge<span class=\"_ _4\"></span>s for a<span class=\"_ _4\"></span>ddi<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>nal inf<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>mat<span class=\"_ _4\"></span>ion o<span class=\"_ _4\"></span>n the a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>ns</div>\n<div class=\"t m8 xe hb y64 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ap<span class=\"_ _4\"></span>plie<span class=\"_ _4\"></span>d at year-<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>.</div>\n<div class=\"t m0 xe h6 y1b3 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Climate change and sustainabilit<span class=\"_ _4\"></span>y related de<span class=\"_ _1\"></span>velopments</div>\n<div class=\"t m13e xe hb y67 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Clim<span class=\"_ _4\"></span>ate rel<span class=\"_ _4\"></span>ated m<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>rs a<span class=\"_ _4\"></span>nd me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>res s<span class=\"_ _4\"></span>uch a<span class=\"_ _4\"></span>s the i<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on of e<span class=\"_ _4\"></span>mis<span class=\"_ _4\"></span>sio<span class=\"_ _4\"></span>n red<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion l<span class=\"_ _4\"></span>egis<span class=\"_ _4\"></span>lat<span class=\"_ _4\"></span>ion may h<span class=\"_ _4\"></span>ave a sign<span class=\"_ _4\"></span>if<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m156 xe hb y68 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">ic<span class=\"_ _4\"></span>ant im<span class=\"_ _4\"></span>pac<span class=\"_ _7\"></span>t on t<span class=\"_ _4\"></span>he E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R bus<span class=\"_ _4\"></span>ine<span class=\"_ _4\"></span>ss a<span class=\"_ _4\"></span>nd it<span class=\"_ _4\"></span>s c<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>tom<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s. E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR is c<span class=\"_ _4\"></span>los<span class=\"_ _4\"></span>ely m<span class=\"_ _4\"></span>onito<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ng cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ent d<span class=\"_ _4\"></span>evelo<span class=\"_ _4\"></span>pme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d</div>\n<div class=\"t m135 xe hb y69 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>s rela<span class=\"_ _4\"></span>ted to c<span class=\"_ _4\"></span>limate c<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ge an<span class=\"_ _4\"></span>d sus<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>aina<span class=\"_ _4\"></span>bili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y (see al<span class=\"_ _4\"></span>so s<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion 3.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>. ES<span class=\"_ _4\"></span>G of this a<span class=\"_ _4\"></span>nnua<span class=\"_ _4\"></span>l rep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>), and b<span class=\"_ _4\"></span>elieves<span class=\"_ _4\"></span> </div>\n<div class=\"t m8 xe hb y6a ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>ese c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>ntly d<span class=\"_ _4\"></span>o not re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>t in f<span class=\"_ _4\"></span>und<span class=\"_ _4\"></span>ame<span class=\"_ _4\"></span>nta<span class=\"_ _4\"></span>lly ch<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>ed ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns re<span class=\"_ _4\"></span>gar<span class=\"_ _4\"></span>ding u<span class=\"_ _4\"></span>sef<span class=\"_ _4\"></span>ul li<span class=\"_ _4\"></span>ves or r<span class=\"_ _4\"></span>ecove<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>bilit<span class=\"_ _7\"></span>y of our</div>\n<div class=\"t m157 xe hb y7b ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">\ufb02ee<span class=\"_ _4\"></span>t. In t<span class=\"_ _4\"></span>he se<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>tiv<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y an<span class=\"_ _4\"></span>alys<span class=\"_ _4\"></span>is of t<span class=\"_ _4\"></span>he an<span class=\"_ _4\"></span>nual im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>m<span class=\"_ _4\"></span>ent te<span class=\"_ _4\"></span>st o<span class=\"_ _4\"></span>f ves<span class=\"_ _4\"></span>sel<span class=\"_ _4\"></span>s and b<span class=\"_ _4\"></span>arg<span class=\"_ _4\"></span>es, t<span class=\"_ _4\"></span>he age a<span class=\"_ _4\"></span>nd em<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>sio<span class=\"_ _4\"></span>n rat<span class=\"_ _4\"></span>ing of</div>\n<div class=\"t m8 xe hb y6b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">eac<span class=\"_ _4\"></span>h par<span class=\"_ _7\"></span>tic<span class=\"_ _4\"></span>ular a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et w<span class=\"_ _4\"></span>as co<span class=\"_ _4\"></span>nsid<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>d.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 179px; height: 960px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 179px; height: 960px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x1 h12 y42 ff2 fsc fc5 sc0 ls2 ws2\" style=\"z-index: 15;\">E. <span class=\"_ _8\"> </span><span class=\"ls47 ws4b\">SIGNIFIC<span class=\"_ _4\"></span>ANT A<span class=\"_ _3\"></span>CC<span class=\"_ _1\"></span>OUNTING POLICIE<span class=\"_ _4\"></span>S</span></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x1 h13 y43 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>. <span class=\"_ _11\"> </span>BASIS OF CONSOLIDA<span class=\"_ _1\"></span>TION</div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1 h6 y1b4 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Business combinations</div>\n<div class=\"t m158 x1 hb y83 ff1 fs9 fc2 sc0 ls25 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>s f<span class=\"_ _4\"></span>or bu<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s com<span class=\"_ _4\"></span>bin<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns us<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he ac<span class=\"_ _4\"></span>quis<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>ion me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>d wh<span class=\"_ _4\"></span>en co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ol is t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up.</div>\n<div class=\"t m8e x1 hb y84 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">In de<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>min<span class=\"_ _4\"></span>ing w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>her a p<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>icul<span class=\"_ _4\"></span>ar se<span class=\"_ _4\"></span>t of ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>ties a<span class=\"_ _4\"></span>nd as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s is a b<span class=\"_ _4\"></span>usin<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s, th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ses w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>r the s<span class=\"_ _4\"></span>et of</div>\n<div class=\"t m8 x1 hb y85 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd ac<span class=\"_ _7\"></span>tiv<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s acq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>es, at a m<span class=\"_ _4\"></span>inim<span class=\"_ _4\"></span>um, an in<span class=\"_ _4\"></span>put a<span class=\"_ _4\"></span>nd s<span class=\"_ _4\"></span>ubs<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ant<span class=\"_ _4\"></span>ive pr<span class=\"_ _4\"></span>oce<span class=\"_ _4\"></span>ss a<span class=\"_ _4\"></span>nd w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>he acq<span class=\"_ _4\"></span>uir<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m8 x1 hb yb7 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">set h<span class=\"_ _4\"></span>as th<span class=\"_ _4\"></span>e abil<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y to p<span class=\"_ _4\"></span>rod<span class=\"_ _4\"></span>uce o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>put<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t m159 x1 hb y87 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">The G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p has an o<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n to ap<span class=\"_ _4\"></span>ply a \u2018conc<span class=\"_ _4\"></span>entr<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion te<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>\u2019 t<span class=\"_ _4\"></span>hat p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>mit<span class=\"_ _4\"></span>s a si<span class=\"_ _4\"></span>mpli<span class=\"_ _4\"></span>\ufb01ed a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ment of w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>her a<span class=\"_ _4\"></span>n acq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d</div>\n<div class=\"t m15a x1 hb y8c ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">set o<span class=\"_ _4\"></span>f ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>vit<span class=\"_ _4\"></span>ies a<span class=\"_ _4\"></span>nd as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s is not a b<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>ines<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>. The o<span class=\"_ _4\"></span>pti<span class=\"_ _4\"></span>onal c<span class=\"_ _4\"></span>onc<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ion t<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t is me<span class=\"_ _4\"></span>t if su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>anti<span class=\"_ _4\"></span>ally all of t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>al<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y88 ff1 fs9 fc2 sc0 ls2 ws24\" style=\"z-index: 15;\">ue of t<span class=\"_ _4\"></span>he gro<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s ac<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>red i<span class=\"_ _4\"></span>s con<span class=\"_ _4\"></span>cent<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ted i<span class=\"_ _4\"></span>n a sing<span class=\"_ _4\"></span>le id<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>i\ufb01ab<span class=\"_ _4\"></span>le as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t or gr<span class=\"_ _4\"></span>oup of s<span class=\"_ _4\"></span>imila<span class=\"_ _4\"></span>r ide<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>\ufb01abl<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t m15b x1 hb y89 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Goo<span class=\"_ _4\"></span>dw<span class=\"_ _4\"></span>ill is i<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>ally me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>red a<span class=\"_ _4\"></span>t the a<span class=\"_ _4\"></span>cqu<span class=\"_ _4\"></span>isit<span class=\"_ _4\"></span>ion d<span class=\"_ _4\"></span>ate as t<span class=\"_ _4\"></span>he exc<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s of th<span class=\"_ _4\"></span>e agg<span class=\"_ _4\"></span>reg<span class=\"_ _4\"></span>ate of t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue of t<span class=\"_ _4\"></span>he con<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>er<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m122 x1 hb y8a ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">atio<span class=\"_ _4\"></span>n tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>sf<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>red, p<span class=\"_ _4\"></span>lus t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nized a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt of any n<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>-c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rolli<span class=\"_ _4\"></span>ng inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s in t<span class=\"_ _4\"></span>he ac<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>re, plus \u2013 i<span class=\"_ _4\"></span>f the b<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s</div>\n<div class=\"t m15c x1 hb yd8 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>bin<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n is ac<span class=\"_ _4\"></span>hieve<span class=\"_ _4\"></span>d in s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>age<span class=\"_ _4\"></span>s \u2013 the f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue of t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t in t<span class=\"_ _4\"></span>he ac<span class=\"_ _4\"></span>quir<span class=\"_ _4\"></span>e, les<span class=\"_ _4\"></span>s the n<span class=\"_ _4\"></span>et rec<span class=\"_ _4\"></span>og<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y8b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">nize<span class=\"_ _4\"></span>d amo<span class=\"_ _4\"></span>unt (<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>ally at f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue) of t<span class=\"_ _4\"></span>he id<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>i\ufb01e<span class=\"_ _4\"></span>d as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>ies a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m8 x1 hb y1b5 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he exce<span class=\"_ _4\"></span>ss i<span class=\"_ _4\"></span>s neg<span class=\"_ _4\"></span>ative, a ba<span class=\"_ _4\"></span>rgai<span class=\"_ _4\"></span>n pur<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>se ga<span class=\"_ _4\"></span>in is im<span class=\"_ _4\"></span>med<span class=\"_ _4\"></span>iatel<span class=\"_ _4\"></span>y rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ized i<span class=\"_ _4\"></span>n pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>.</div>\n<div class=\"t m8 x1 hb y8d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>re ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>d as in<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>rre<span class=\"_ _4\"></span>d, exce<span class=\"_ _4\"></span>pt if re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e is<span class=\"_ _4\"></span>sue o<span class=\"_ _4\"></span>f deb<span class=\"_ _4\"></span>t or eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>es.</div>\n<div class=\"t m15d x1 hb y4c ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">The c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tion t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d do<span class=\"_ _4\"></span>es not i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ts r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e set<span class=\"_ _7\"></span>tle<span class=\"_ _4\"></span>ment of p<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>exi<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ting r<span class=\"_ _4\"></span>elati<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>hips<span class=\"_ _4\"></span>.</div>\n<div class=\"t m8 x1 hb y4d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Suc<span class=\"_ _4\"></span>h am<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>re ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>ally r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>.</div>\n<div class=\"t m15e x1 hb y4e ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Any c<span class=\"_ _4\"></span>onti<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>nt co<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>der<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion is m<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue at t<span class=\"_ _4\"></span>he dat<span class=\"_ _4\"></span>e of acq<span class=\"_ _4\"></span>uis<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n. If an o<span class=\"_ _4\"></span>bli<span class=\"_ _4\"></span>gati<span class=\"_ _4\"></span>on to p<span class=\"_ _4\"></span>ay cont<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>ent</div>\n<div class=\"t m15f x1 hb y72 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n tha<span class=\"_ _4\"></span>t mee<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s the d<span class=\"_ _4\"></span>e\ufb01ni<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of a \ufb01nan<span class=\"_ _4\"></span>cial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>nt is c<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si\ufb01<span class=\"_ _4\"></span>ed as e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>hen i<span class=\"_ _4\"></span>t is not r<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>asur<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>nd</div>\n<div class=\"t m160 x1 hb y4f ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">set<span class=\"_ _7\"></span>tle<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t is acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed fo<span class=\"_ _4\"></span>r wit<span class=\"_ _4\"></span>hin e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>. O<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>her<span class=\"_ _7\"></span>wis<span class=\"_ _4\"></span>e, othe<span class=\"_ _4\"></span>r cont<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>ent co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ion i<span class=\"_ _4\"></span>s rem<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>red a<span class=\"_ _4\"></span>t fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e at</div>\n<div class=\"t m8 x1 hb y50 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">eac<span class=\"_ _4\"></span>h rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g date a<span class=\"_ _4\"></span>nd su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uent c<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ges i<span class=\"_ _4\"></span>n fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>t or los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 707px; height: 342px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 707px; height: 342px; width: 90%; z-index: 4;\"><br/></div>\n\n\n<div class=\"t m0 x1 h6 y1b6 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Subsidiaries</div>\n<div class=\"t m8 x1 hb y54 ff1 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">Sub<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>iar<span class=\"_ _4\"></span>ies ar<span class=\"_ _4\"></span>e tho<span class=\"_ _4\"></span>se e<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>ties c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rolle<span class=\"_ _4\"></span>d by t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up. Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p con<span class=\"_ _4\"></span>tro<span class=\"_ _4\"></span>ls an e<span class=\"_ _4\"></span>ntit<span class=\"_ _4\"></span>y w<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>n it is ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ose<span class=\"_ _4\"></span>d to, or has</div>\n<div class=\"t m20 x1 hb y73 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">rig<span class=\"_ _4\"></span>ht<span class=\"_ _4\"></span>s to, var<span class=\"_ _4\"></span>iabl<span class=\"_ _4\"></span>e ret<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ns f<span class=\"_ _4\"></span>rom it<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>nvolve<span class=\"_ _4\"></span>ment w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h the e<span class=\"_ _4\"></span>ntit<span class=\"_ _7\"></span>y and ha<span class=\"_ _4\"></span>s the a<span class=\"_ _4\"></span>bili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y to af<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>hos<span class=\"_ _4\"></span>e ret<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ns th<span class=\"_ _4\"></span>roug<span class=\"_ _4\"></span>h it<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x1 hb y55 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pow<span class=\"_ _4\"></span>er over t<span class=\"_ _4\"></span>he e<span class=\"_ _4\"></span>ntit<span class=\"_ _4\"></span>y.</div>\n<div class=\"t m161 x1 hb y56 ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s of s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>iari<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e incl<span class=\"_ _4\"></span>ude<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>nso<span class=\"_ _4\"></span>lid<span class=\"_ _4\"></span>ated \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>he da<span class=\"_ _4\"></span>te on w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h</div>\n<div class=\"t m162 x1 hb y57 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>tro<span class=\"_ _4\"></span>l com<span class=\"_ _4\"></span>menc<span class=\"_ _4\"></span>es un<span class=\"_ _4\"></span>til t<span class=\"_ _4\"></span>he dat<span class=\"_ _4\"></span>e on wh<span class=\"_ _4\"></span>ich c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rol cea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s. Al<span class=\"_ _4\"></span>l intr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>Gro<span class=\"_ _4\"></span>up bal<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>es, in<span class=\"_ _4\"></span>come a<span class=\"_ _4\"></span>nd ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es, un<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y58 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">alize<span class=\"_ _4\"></span>d gai<span class=\"_ _4\"></span>ns and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s and d<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>den<span class=\"_ _4\"></span>ds re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>g fro<span class=\"_ _4\"></span>m int<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>Gro<span class=\"_ _4\"></span>up t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nsa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns ar<span class=\"_ _4\"></span>e elimi<span class=\"_ _4\"></span>nate<span class=\"_ _4\"></span>d in f<span class=\"_ _4\"></span>ull.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 558px; height: 128px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x1 h6 y1b7 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Los<span class=\"_ _4\"></span>s of co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ol</div>\n<div class=\"t m163 x1 hb y5c ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Up<span class=\"_ _4\"></span>on t<span class=\"_ _4\"></span>he los<span class=\"_ _4\"></span>s of c<span class=\"_ _4\"></span>ontr<span class=\"_ _4\"></span>ol, the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p der<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnize<span class=\"_ _4\"></span>s th<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>ies of t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>ubs<span class=\"_ _4\"></span>idia<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>, a<span class=\"_ _4\"></span>nd no<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rolli<span class=\"_ _4\"></span>ng</div>\n<div class=\"t m8 x1 hb y5d ff1 fs9 fc2 sc0 ls2 ws1c\" style=\"z-index: 15;\">inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d the o<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r com<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>nent<span class=\"_ _4\"></span>s of e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d to the s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>iar<span class=\"_ _4\"></span>y. Any su<span class=\"_ _4\"></span>rp<span class=\"_ _4\"></span>lus o<span class=\"_ _4\"></span>r de\ufb01c<span class=\"_ _4\"></span>it ar<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ing on t<span class=\"_ _4\"></span>he lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s of</div>\n<div class=\"t m8 x1 hb y1b8 ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>trol i<span class=\"_ _4\"></span>s rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ized i<span class=\"_ _4\"></span>n pro\ufb01<span class=\"_ _4\"></span>t and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s. If t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up re<span class=\"_ _4\"></span>tai<span class=\"_ _4\"></span>ns any i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t in th<span class=\"_ _4\"></span>e prev<span class=\"_ _4\"></span>iou<span class=\"_ _4\"></span>s sub<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>iar<span class=\"_ _7\"></span>y<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>hen s<span class=\"_ _4\"></span>uch i<span class=\"_ _4\"></span>nter</div>\n<div class=\"t m8 x14 hb y5e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y5f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">es<span class=\"_ _4\"></span>t is me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>red a<span class=\"_ _4\"></span>t fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e at th<span class=\"_ _4\"></span>e date t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntro<span class=\"_ _4\"></span>l is lo<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>.</div>\n\n<div><br/></div>\n<div class=\"t m0 x1 h6 y1b9 ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Interests in equity-accounted<span class=\"_ _3\"></span> inv<span class=\"_ _1\"></span>es<span class=\"_ _4\"></span>tees</div>\n<div class=\"t m8 x1 hb y61 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t in e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted inve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s com<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>s inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s in as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>oci<span class=\"_ _4\"></span>ates a<span class=\"_ _4\"></span>nd joi<span class=\"_ _4\"></span>nt vent<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m164 x1 hb y77 ff2 fs9 fc2 sc0 ls1f ws42\" style=\"z-index: 15;\">As<span class=\"_ _4\"></span>sociates<span class=\"ff1 ls2 wsd\"> are th<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>e enti<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s in whi<span class=\"_ _4\"></span>ch t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up ha<span class=\"_ _4\"></span>s sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>ant i<span class=\"_ _4\"></span>n\ufb02ue<span class=\"_ _4\"></span>nce, bu<span class=\"_ _4\"></span>t not co<span class=\"_ _4\"></span>ntro<span class=\"_ _4\"></span>l or joi<span class=\"_ _4\"></span>nt con<span class=\"_ _4\"></span>tro<span class=\"_ _4\"></span>l, over the </span></div>\n<div class=\"t m165 x1 hb y63 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">\ufb01na<span class=\"_ _4\"></span>ncial a<span class=\"_ _4\"></span>nd o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ing p<span class=\"_ _4\"></span>olic<span class=\"_ _4\"></span>ies. S<span class=\"_ _4\"></span>igni<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>ant in\ufb02<span class=\"_ _4\"></span>uen<span class=\"_ _4\"></span>ce is p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>d to ex<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up ho<span class=\"_ _4\"></span>lds b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>een 20<span class=\"_ _4\"></span>% an<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 x1 hb y64 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">50% o<span class=\"_ _4\"></span>f the vot<span class=\"_ _4\"></span>ing p<span class=\"_ _4\"></span>ower.</div>\n\n<div class=\"t m166 x1 hb y65 ff1 fs9 fc2 sc0 ls1c ws23\" style=\"z-index: 15;\">A <span class=\"ff2 ls35 ws2c\">joint venture</span><span class=\"wsb\"> is an ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt in w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h the G<span class=\"_ _4\"></span>roup h<span class=\"_ _4\"></span>as joi<span class=\"_ _4\"></span>nt con<span class=\"_ _4\"></span>tro<span class=\"_ _4\"></span>l, wher<span class=\"_ _4\"></span>eby t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up ha<span class=\"_ _4\"></span>s rig<span class=\"_ _4\"></span>ht<span class=\"_ _4\"></span>s to th<span class=\"_ _4\"></span>e net </span></div>\n<div class=\"t m8 x1 hb y79 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>f the a<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent, r<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>han r<span class=\"_ _4\"></span>igh<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s to it<span class=\"_ _4\"></span>s as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s and o<span class=\"_ _4\"></span>blig<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns for i<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es.</div>\n<div class=\"t m167 x1 hb y66 ff1 fs9 fc2 sc0 ls11 wsc\" style=\"z-index: 15;\">Inves<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts i<span class=\"_ _4\"></span>n as<span class=\"_ _4\"></span>so<span class=\"_ _4\"></span>ciate<span class=\"_ _4\"></span>s and j<span class=\"_ _4\"></span>oint ve<span class=\"_ _4\"></span>ntu<span class=\"_ _4\"></span>res ar<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d for u<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>g the e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y met<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>d and a<span class=\"_ _4\"></span>re rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d init<span class=\"_ _4\"></span>ially a<span class=\"_ _4\"></span>t</div>\n<div class=\"t m168 x1 hb y67 ff1 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">cos<span class=\"_ _4\"></span>t. T<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t of the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>des t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on co<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>. Sub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>nt to ini<span class=\"_ _4\"></span>tial r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnit<span class=\"_ _4\"></span>ion, th<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span>soli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>n<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m169 x1 hb y68 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>ncl<span class=\"_ _4\"></span>ude t<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup\u2019<span class=\"_ _1\"></span>s s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>e of the p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>t or los<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd OCI of e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s, fr<span class=\"_ _4\"></span>om th<span class=\"_ _4\"></span>e date</div>\n<div class=\"t m16a x1 hb y69 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">tha<span class=\"_ _4\"></span>t sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>ant i<span class=\"_ _4\"></span>n\ufb02ue<span class=\"_ _4\"></span>nce o<span class=\"_ _4\"></span>r joint c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rol c<span class=\"_ _4\"></span>omm<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>es unt<span class=\"_ _4\"></span>il th<span class=\"_ _4\"></span>e date t<span class=\"_ _4\"></span>hat s<span class=\"_ _4\"></span>igni<span class=\"_ _4\"></span>\ufb01ca<span class=\"_ _4\"></span>nt in\ufb02<span class=\"_ _4\"></span>uen<span class=\"_ _4\"></span>ce or jo<span class=\"_ _4\"></span>int co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ol cea<span class=\"_ _4\"></span>ses<span class=\"_ _4\"></span>.</div>\n<div class=\"t m16b x1 hb y6a ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he sh<span class=\"_ _4\"></span>are of t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up in t<span class=\"_ _4\"></span>he lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es exc<span class=\"_ _4\"></span>eed<span class=\"_ _4\"></span>s it<span class=\"_ _4\"></span>s in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>st i<span class=\"_ _4\"></span>n an e<span class=\"_ _4\"></span>quit<span class=\"_ _7\"></span>y acco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>e, the c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>yi<span class=\"_ _4\"></span>ng am<span class=\"_ _4\"></span>ount of<span class=\"_ _4\"></span> </div>\n<div class=\"t m16c x1 hb y7b ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">tha<span class=\"_ _4\"></span>t inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t is re<span class=\"_ _4\"></span>duc<span class=\"_ _4\"></span>ed to ze<span class=\"_ _4\"></span>ro, and t<span class=\"_ _4\"></span>he rec<span class=\"_ _4\"></span>og<span class=\"_ _4\"></span>nitio<span class=\"_ _4\"></span>n of fu<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>re los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es is di<span class=\"_ _4\"></span>sco<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>nue<span class=\"_ _4\"></span>d, except t<span class=\"_ _4\"></span>o the ex<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ent t<span class=\"_ _4\"></span>hat th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p</div>\n<div class=\"t m16d x1 hb y6b ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">has a<span class=\"_ _4\"></span>n obli<span class=\"_ _4\"></span>gati<span class=\"_ _4\"></span>on or ha<span class=\"_ _4\"></span>s mad<span class=\"_ _4\"></span>e pay<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts o<span class=\"_ _4\"></span>n be<span class=\"_ _4\"></span>half o<span class=\"_ _4\"></span>f the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee. In s<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>h ca<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>he neg<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ve inves<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ment i<span class=\"_ _4\"></span>n eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m16e x1 hb y6c ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s is de<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m othe<span class=\"_ _4\"></span>r com<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>nen<span class=\"_ _4\"></span>ts o<span class=\"_ _4\"></span>f the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>\u2019s intere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t in th<span class=\"_ _4\"></span>e eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee (<span class=\"_ _4\"></span>bo<span class=\"_ _4\"></span>r<span class=\"_ _3\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m16f x1 hb y6d ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s to eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>ccou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es). If the n<span class=\"_ _4\"></span>ega<span class=\"_ _4\"></span>tive i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent in e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s exce<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>s the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>\u2019s</div>\n<div class=\"t m170 x1 hb y6e ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t, a li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d for t<span class=\"_ _4\"></span>he ne<span class=\"_ _4\"></span>t amo<span class=\"_ _4\"></span>unt. U<span class=\"_ _4\"></span>nrea<span class=\"_ _4\"></span>lise<span class=\"_ _4\"></span>d gai<span class=\"_ _4\"></span>ns ar<span class=\"_ _4\"></span>isi<span class=\"_ _4\"></span>ng f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ons w<span class=\"_ _4\"></span>ith e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted</div>\n<div class=\"t m171 x1 hb y6f ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e elimi<span class=\"_ _4\"></span>nate<span class=\"_ _4\"></span>d agai<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>t the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent to t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up<span class=\"_ _3\"></span>\u2019<span class=\"_ _3\"></span>s inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t in t<span class=\"_ _4\"></span>he inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ee. Unr<span class=\"_ _4\"></span>ealis<span class=\"_ _4\"></span>ed lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m16d x1 hb y70 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">es ar<span class=\"_ _4\"></span>e elimi<span class=\"_ _4\"></span>nate<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e sa<span class=\"_ _4\"></span>me way a<span class=\"_ _4\"></span>s unre<span class=\"_ _4\"></span>alis<span class=\"_ _4\"></span>ed gai<span class=\"_ _4\"></span>ns, b<span class=\"_ _4\"></span>ut onl<span class=\"_ _4\"></span>y to th<span class=\"_ _4\"></span>e ex<span class=\"_ _4\"></span>ten<span class=\"_ _4\"></span>t that t<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>e is no ev<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>nce of i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>ir<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 96px; height: 235px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 96px; height: 326px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 96px; height: 994px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 96px; height: 1043px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 xe h13 y42 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">B. <span class=\"_ _b9\"> </span><span class=\"ls48 ws4c\">FOREIGN C<span class=\"_ _1\"></span>UR<span class=\"_ _4\"></span>RENCY</span></div>\n\n<div class=\"t m0 xe h6 y1ba ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Functional cur<span class=\"_ _4\"></span>renc<span class=\"_ _4\"></span>y</div>\n<div class=\"t m172 xe hb y80 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Eac<span class=\"_ _4\"></span>h ent<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y p<span class=\"_ _4\"></span>rep<span class=\"_ _4\"></span>are<span class=\"_ _4\"></span>s it<span class=\"_ _4\"></span>s ind<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>dua<span class=\"_ _4\"></span>l \ufb01nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>n the c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y of th<span class=\"_ _4\"></span>e pr<span class=\"_ _4\"></span>ima<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y ec<span class=\"_ _4\"></span>ono<span class=\"_ _4\"></span>mic env<span class=\"_ _4\"></span>iro<span class=\"_ _4\"></span>nme<span class=\"_ _4\"></span>nt in</div>\n<div class=\"t m173 xe hb y81 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">whi<span class=\"_ _4\"></span>ch t<span class=\"_ _4\"></span>he ent<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s (i.e. the f<span class=\"_ _4\"></span>unc<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>nal cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y). Sever<span class=\"_ _4\"></span>al Eu<span class=\"_ _4\"></span>rop<span class=\"_ _4\"></span>ean an<span class=\"_ _4\"></span>d Ho<span class=\"_ _4\"></span>ng Kong b<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d ent<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s have th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y82 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD as f<span class=\"_ _4\"></span>unc<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>nal c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>renc<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>s the m<span class=\"_ _4\"></span>ajor<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y of t<span class=\"_ _4\"></span>hei<span class=\"_ _4\"></span>r ca<span class=\"_ _4\"></span>sh \ufb02o<span class=\"_ _4\"></span>ws ar<span class=\"_ _4\"></span>e exp<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ed in U<span class=\"_ _4\"></span>SD<span class=\"_ _3\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 1020px; height: 78px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 xe h6 y1bb ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ransac<span class=\"_ _4\"></span>tions and<span class=\"_ _3\"></span> balances</div>\n<div class=\"t m174 xe hb y86 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">In pr<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>ari<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e ind<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>dual \ufb01<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s, t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ons i<span class=\"_ _4\"></span>n cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>es ot<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>han t<span class=\"_ _4\"></span>he en<span class=\"_ _4\"></span>titi<span class=\"_ _4\"></span>es\u2019 f<span class=\"_ _4\"></span>unc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>al cu<span class=\"_ _4\"></span>r<span class=\"_ _3\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y87 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ren<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>y are re<span class=\"_ _4\"></span>cor<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d at the e<span class=\"_ _4\"></span>xcha<span class=\"_ _4\"></span>nge r<span class=\"_ _4\"></span>ate a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>lic<span class=\"_ _4\"></span>able a<span class=\"_ _4\"></span>t the d<span class=\"_ _4\"></span>ate of t<span class=\"_ _4\"></span>he tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>sac<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n.</div>\n<div class=\"t m131 xe hb y8c ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">At th<span class=\"_ _4\"></span>e rep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing d<span class=\"_ _4\"></span>ate, monet<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>y as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>nd lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>ies d<span class=\"_ _4\"></span>eno<span class=\"_ _4\"></span>minat<span class=\"_ _4\"></span>ed in fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>es are t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nsl<span class=\"_ _4\"></span>ated to t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>unc<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m175 xe hb y88 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">tio<span class=\"_ _4\"></span>nal cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>pot exc<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ge r<span class=\"_ _4\"></span>ates a<span class=\"_ _4\"></span>t that d<span class=\"_ _4\"></span>ate. The n<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>-m<span class=\"_ _4\"></span>one<span class=\"_ _4\"></span>tar<span class=\"_ _7\"></span>y as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s and lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>ies t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d in ter<span class=\"_ _4\"></span>ms<span class=\"_ _4\"></span> </div>\n<div class=\"t m176 xe hb y89 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">of his<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>al co<span class=\"_ _4\"></span>st a<span class=\"_ _4\"></span>re tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>slate<span class=\"_ _4\"></span>d to t<span class=\"_ _4\"></span>he fu<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ional c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y at th<span class=\"_ _4\"></span>e exch<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>e rat<span class=\"_ _4\"></span>e at the d<span class=\"_ _4\"></span>ate of t<span class=\"_ _4\"></span>he ini<span class=\"_ _4\"></span>tial t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nsa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns.</div>\n<div class=\"t m177 xe hb y8a ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Non<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>mon<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y i<span class=\"_ _4\"></span>tems t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue in a fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y are t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d usin<span class=\"_ _4\"></span>g the e<span class=\"_ _4\"></span>xcha<span class=\"_ _4\"></span>nge r<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb yd8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">at th<span class=\"_ _4\"></span>e date t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue w<span class=\"_ _4\"></span>as det<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>mine<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m178 xe hb y8b ff1 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">Fore<span class=\"_ _4\"></span>ign exc<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ge dif<span class=\"_ _7\"></span>fer<span class=\"_ _4\"></span>ence<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>isi<span class=\"_ _4\"></span>ng on t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nsla<span class=\"_ _4\"></span>tion a<span class=\"_ _4\"></span>re re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he pr<span class=\"_ _4\"></span>o\ufb01t or lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t, excep<span class=\"_ _4\"></span>t for (<span class=\"_ _4\"></span>i) qu<span class=\"_ _4\"></span>ali<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m179 xe hb y4a ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">\ufb01ed c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow h<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ges t<span class=\"_ _4\"></span>o the ex<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ent t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he he<span class=\"_ _4\"></span>dge<span class=\"_ _4\"></span>s are e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>tive, an<span class=\"_ _4\"></span>d (ii) m<span class=\"_ _4\"></span>one<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y it<span class=\"_ _4\"></span>ems t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e des<span class=\"_ _4\"></span>ign<span class=\"_ _4\"></span>ated a<span class=\"_ _4\"></span>s par<span class=\"_ _7\"></span>t</div>\n<div class=\"t m17a xe hb y4b ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e hed<span class=\"_ _4\"></span>ge of t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up\u2019<span class=\"_ _1\"></span>s net i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent in\u2005<span class=\"_ _4\"></span>a forei<span class=\"_ _4\"></span>gn op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on, whic<span class=\"_ _4\"></span>h are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n othe<span class=\"_ _4\"></span>r com<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>hen<span class=\"_ _4\"></span>sive</div>\n<div class=\"t m8 xe hb y4c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">inc<span class=\"_ _4\"></span>ome. Up<span class=\"_ _4\"></span>on d<span class=\"_ _4\"></span>isp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>al of t<span class=\"_ _4\"></span>he he<span class=\"_ _4\"></span>dge a<span class=\"_ _4\"></span>nd or n<span class=\"_ _4\"></span>et inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt, th<span class=\"_ _4\"></span>e cum<span class=\"_ _4\"></span>ulat<span class=\"_ _4\"></span>ive am<span class=\"_ _4\"></span>ount i<span class=\"_ _4\"></span>s rec<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si\ufb01<span class=\"_ _4\"></span>ed to p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m0 xe h6 y1bc ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Consolidation of f<span class=\"_ _3\"></span>oreign operations</div>\n<div class=\"t m17b xe hb y4f ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">On c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>olid<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n, ass<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es of fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns, inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ing g<span class=\"_ _4\"></span>ood<span class=\"_ _4\"></span>will a<span class=\"_ _4\"></span>nd f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>ris<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y50 ff1 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">ing o<span class=\"_ _4\"></span>n acq<span class=\"_ _4\"></span>uis<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n, are tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>slat<span class=\"_ _4\"></span>ed to USD \u2013 t<span class=\"_ _4\"></span>he g<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p rep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>y - usi<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e clo<span class=\"_ _4\"></span>sing r<span class=\"_ _4\"></span>ate a<span class=\"_ _4\"></span>t rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g date.</div>\n<div class=\"t m17c xe hb y51 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e inco<span class=\"_ _4\"></span>me an<span class=\"_ _4\"></span>d ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>s of th<span class=\"_ _4\"></span>e fore<span class=\"_ _4\"></span>ign o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s are co<span class=\"_ _4\"></span>nver<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed to US<span class=\"_ _4\"></span>D at th<span class=\"_ _4\"></span>e excha<span class=\"_ _4\"></span>nge r<span class=\"_ _4\"></span>ate a<span class=\"_ _4\"></span>t the d<span class=\"_ _4\"></span>ate of t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m17d xe hb y52 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion (t<span class=\"_ _4\"></span>he aver<span class=\"_ _4\"></span>ag<span class=\"_ _4\"></span>e exch<span class=\"_ _4\"></span>ange r<span class=\"_ _4\"></span>ate d<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>leva<span class=\"_ _4\"></span>nt per<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>d is us<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n ca<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>he date o<span class=\"_ _4\"></span>f tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion ap<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>ox<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y53 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">imat<span class=\"_ _4\"></span>es th<span class=\"_ _4\"></span>is aver<span class=\"_ _4\"></span>age r<span class=\"_ _4\"></span>ate).</div>\n<div class=\"t m17e xe hb y54 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Fore<span class=\"_ _4\"></span>ign c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>y tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>lati<span class=\"_ _4\"></span>on di<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>renc<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e rec<span class=\"_ _4\"></span>ogni<span class=\"_ _4\"></span>zed d<span class=\"_ _4\"></span>irec<span class=\"_ _7\"></span>tly i<span class=\"_ _4\"></span>n othe<span class=\"_ _4\"></span>r com<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>ve inco<span class=\"_ _4\"></span>me. Th<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>e fore<span class=\"_ _4\"></span>ign c<span class=\"_ _4\"></span>ur<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m17f xe hb y73 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">ren<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>y dif<span class=\"_ _7\"></span>fere<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>s are p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>ed wi<span class=\"_ _4\"></span>thi<span class=\"_ _4\"></span>n the \u201c<span class=\"_ _4\"></span>T<span class=\"_ _1\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>latio<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>ve\u201d ca<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n. Howe<span class=\"_ _4\"></span>ver<span class=\"_ _1\"></span>, if t<span class=\"_ _4\"></span>he o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ion i<span class=\"_ _4\"></span>s a non<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>who<span class=\"_ _4\"></span>lly</div>\n<div class=\"t m180 xe hb y55 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">ow<span class=\"_ _4\"></span>ned s<span class=\"_ _4\"></span>ubs<span class=\"_ _4\"></span>idia<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>, the<span class=\"_ _4\"></span>n the r<span class=\"_ _4\"></span>elev<span class=\"_ _4\"></span>ant pr<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>iona<span class=\"_ _4\"></span>te sha<span class=\"_ _4\"></span>re of t<span class=\"_ _4\"></span>he tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>lati<span class=\"_ _4\"></span>on di<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>e is allo<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>ted to t<span class=\"_ _4\"></span>he no<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>n<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y56 ff1 fs9 fc2 sc0 ls28 ws1a\" style=\"z-index: 15;\">trolling in<span class=\"_ _3\"></span>terest<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m181 xe hb y57 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en a fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n is di<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>ed of, the c<span class=\"_ _4\"></span>umu<span class=\"_ _4\"></span>lati<span class=\"_ _4\"></span>ve amo<span class=\"_ _4\"></span>unt i<span class=\"_ _4\"></span>n the t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nsl<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>ve rel<span class=\"_ _4\"></span>ated t<span class=\"_ _4\"></span>o that f<span class=\"_ _4\"></span>orei<span class=\"_ _4\"></span>gn</div>\n<div class=\"t m182 xe hb y58 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n is re<span class=\"_ _4\"></span>clas<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>i\ufb01e<span class=\"_ _4\"></span>d to pro\ufb01<span class=\"_ _4\"></span>t and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s as pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>he ga<span class=\"_ _4\"></span>in or lo<span class=\"_ _4\"></span>ss o<span class=\"_ _4\"></span>n dis<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sa<span class=\"_ _4\"></span>l. Whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p dis<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s of only</div>\n<div class=\"t m8 xe hb y59 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">par<span class=\"_ _7\"></span>t of it<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t in a su<span class=\"_ _4\"></span>bsi<span class=\"_ _4\"></span>diar<span class=\"_ _7\"></span>y th<span class=\"_ _4\"></span>at inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>es a fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n whil<span class=\"_ _4\"></span>e ret<span class=\"_ _4\"></span>aini<span class=\"_ _4\"></span>ng con<span class=\"_ _4\"></span>tro<span class=\"_ _4\"></span>l, the rel<span class=\"_ _4\"></span>evan<span class=\"_ _4\"></span>t pro<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n</div>\n<div class=\"t m183 xe hb y5a ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e cum<span class=\"_ _4\"></span>ulat<span class=\"_ _4\"></span>ive am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>t is reat<span class=\"_ _7\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>ted t<span class=\"_ _4\"></span>o non<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>con<span class=\"_ _4\"></span>tro<span class=\"_ _4\"></span>lling in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ts<span class=\"_ _4\"></span>. Wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up di<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>es of on<span class=\"_ _4\"></span>ly pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t of it<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb y5b ff1 fs9 fc2 sc0 ls2 ws1c\" style=\"z-index: 15;\">inves<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t in an as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ocia<span class=\"_ _4\"></span>te or jo<span class=\"_ _4\"></span>int ven<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e that i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>s a fore<span class=\"_ _4\"></span>ign o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion w<span class=\"_ _4\"></span>hile re<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ining s<span class=\"_ _4\"></span>igni<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>ant in<span class=\"_ _4\"></span>\ufb02uen<span class=\"_ _4\"></span>ce or</div>\n<div class=\"t m8 xe hb y1bd ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">join<span class=\"_ _4\"></span>t cont<span class=\"_ _4\"></span>rol, th<span class=\"_ _4\"></span>e rele<span class=\"_ _4\"></span>vant p<span class=\"_ _4\"></span>rop<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of th<span class=\"_ _4\"></span>e cu<span class=\"_ _4\"></span>mulat<span class=\"_ _4\"></span>ive am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>t is rec<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed to p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>t and lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m8 xe hb y1be ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e main exc<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ge r<span class=\"_ _4\"></span>ates u<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d are:</div>\n<div class=\"t m8 x4 hd y1bf ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Closing rates<span class=\"_ _ba\"> </span>Average rates</div>\n<div class=\"t m8 xe hd y1c0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXCHANGE RA<span class=\"_ _1\"></span>TES<span class=\"_ _bb\"> </span>December 31, 2022<span class=\"_ _bc\"> </span>December 31, 2021<span class=\"_ _bd\"> </span>2022<span class=\"_ _76\"> </span>2021</div>\n<div class=\"t m8 xe hc y1c1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EUR<span class=\"_ _be\"> </span>0.9376<span class=\"_ _bf\"> </span>0.8829<span class=\"_ _b4\"> </span>0.9474<span class=\"_ _bf\"> </span>0.8407</div>\n<div class=\"t m8 xe hc y1c2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">GBP<span class=\"_ _91\"> </span>0.8315<span class=\"_ _bf\"> </span>0.7419<span class=\"_ _b4\"> </span>0.8062<span class=\"_ _bf\"> </span>0.7258</div>\n<div class=\"t m8 xe hc y1c3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">HKD<span class=\"_ _c0\"> </span>7.7970<span class=\"_ _bf\"> </span>7.7992<span class=\"_ _b4\"> </span>7.8309<span class=\"_ _bf\"> </span>7.7704</div>\n<div class=\"t m8 xe hc y1c4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">NOK<span class=\"_ _c1\"> </span>9.8573<span class=\"_ _bf\"> </span>8.8194<span class=\"_ _b4\"> </span>9.5392<span class=\"_ _bf\"> </span>8.5788</div>\n<div class=\"t m8 xe hc y1c5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">XAF<span class=\"_ _c2\"> </span>615.0062<span class=\"_ _c3\"> </span>579.0388<span class=\"_ _c4\"> </span>621.5040<span class=\"_ _c3\"> </span>551.5720</div>\n<div class=\"t m8 xe hc y1c6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ARS<span class=\"_ _c2\"> </span>177.1165<span class=\"_ _c3\"> </span>102.7327<span class=\"_ _c4\"> </span>126.5182<span class=\"_ _c5\"> </span>94.1620</div>\n<div class=\"t m8 xe hc y1c7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">KRW<span class=\"_ _c6\"> </span>1,259.4458<span class=\"_ _52\"> </span>1,189.0606<span class=\"_ _bf\"> </span>1,283.6970<span class=\"_ _52\"> </span>1,137.6564</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 290px; height: 849px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 290px; height: 849px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x1 h13 y42 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">C. <span class=\"_ _c7\"> </span>FINAN<span class=\"_ _4\"></span>CIAL INS<span class=\"_ _4\"></span>TRUMENTS</div>\n<div class=\"t m184 x1 hb y7f ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">Fina<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd \ufb01na<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of \ufb01na<span class=\"_ _4\"></span>ncial p<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up</div>\n<div class=\"t m8 x1 hb y43 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">be<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>es a pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y to t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>tual p<span class=\"_ _4\"></span>rovi<span class=\"_ _4\"></span>sio<span class=\"_ _4\"></span>ns of t<span class=\"_ _4\"></span>he ins<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t.</div>\n<div class=\"t m8 x1 hb y1c8 ff1 fs9 fc2 sc0 ls2 ws12\" style=\"z-index: 15;\">Fina<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es are i<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>ally me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>red a<span class=\"_ _4\"></span>t fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e. T<span class=\"_ _1\"></span>ran<span class=\"_ _4\"></span>sa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s th<span class=\"_ _4\"></span>at are d<span class=\"_ _4\"></span>irec<span class=\"_ _7\"></span>tly at<span class=\"_ _7\"></span>tr<span class=\"_ _4\"></span>ib</div>\n<div class=\"t m8 x14 hb y80 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y81 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">ut<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e to th<span class=\"_ _4\"></span>e acq<span class=\"_ _4\"></span>uisi<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n or is<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>e of \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l liabi<span class=\"_ _4\"></span>litie<span class=\"_ _4\"></span>s (othe<span class=\"_ _4\"></span>r tha<span class=\"_ _4\"></span>n \ufb01na<span class=\"_ _4\"></span>ncial a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>ncial</div>\n<div class=\"t m8 x1 hb y1c9 ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es at f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue t<span class=\"_ _4\"></span>hro<span class=\"_ _4\"></span>ugh p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s) are a<span class=\"_ _4\"></span>dd<span class=\"_ _4\"></span>ed to o<span class=\"_ _4\"></span>r ded<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue of t<span class=\"_ _4\"></span>he \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s or</div>\n<div class=\"t m185 x1 hb y83 ff1 fs9 fc2 sc0 ls28 ws2e\" style=\"z-index: 15;\">\ufb01nancial<span class=\"_ _3\"></span> liabil<span class=\"_ _3\"></span>ities,<span class=\"_ _3\"></span> as appropriate<span class=\"_ _3\"></span>, on in<span class=\"_ _3\"></span>itial<span class=\"_ _3\"></span> recognition.<span class=\"_ _3\"></span> T<span class=\"_ _1\"></span>ransac<span class=\"_ _4\"></span>tion cost<span class=\"_ _4\"></span>s directly att<span class=\"_ _4\"></span>ributable to the acquisition<span class=\"_ _3\"></span> of</div>\n<div class=\"t m186 x1 hb y84 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">\ufb01na<span class=\"_ _4\"></span>ncial a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s or \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es at f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue th<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>gh pr<span class=\"_ _4\"></span>o\ufb01t or lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d imm<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>iately i<span class=\"_ _4\"></span>n pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>.</div>\n\n<div><br/></div>\n<div class=\"t m0 x1 h6 y1ca ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Financial assets</div>\n<div class=\"t m8 x1 hb y8c ff1 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">All r<span class=\"_ _4\"></span>egu<span class=\"_ _4\"></span>lar way p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>es or s<span class=\"_ _4\"></span>ale<span class=\"_ _4\"></span>s of \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d and d<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n a tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>e date b<span class=\"_ _4\"></span>asi<span class=\"_ _4\"></span>s. Reg<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y88 ff1 fs9 fc2 sc0 ls2 ws3a\" style=\"z-index: 15;\">ular w<span class=\"_ _4\"></span>ay pur<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>ses o<span class=\"_ _4\"></span>r sa<span class=\"_ _4\"></span>les ar<span class=\"_ _4\"></span>e pur<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>ses o<span class=\"_ _4\"></span>r sa<span class=\"_ _4\"></span>les of \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s that r<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uire d<span class=\"_ _4\"></span>elive<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y of a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s wi<span class=\"_ _4\"></span>thi<span class=\"_ _4\"></span>n the t<span class=\"_ _4\"></span>ime</div>\n<div class=\"t m8 x1 hb y1cb ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">fr<span class=\"_ _4\"></span>am<span class=\"_ _4\"></span>e es<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>bli<span class=\"_ _4\"></span>she<span class=\"_ _4\"></span>d by re<span class=\"_ _4\"></span>gulat<span class=\"_ _4\"></span>ion o<span class=\"_ _4\"></span>r conve<span class=\"_ _4\"></span>ntio<span class=\"_ _4\"></span>n in t<span class=\"_ _4\"></span>he mar<span class=\"_ _4\"></span>ket<span class=\"_ _4\"></span>plac<span class=\"_ _4\"></span>e.</div>\n<div class=\"t m8 x1 hb y1cc ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">De<span class=\"_ _4\"></span>bt ins<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts t<span class=\"_ _4\"></span>hat m<span class=\"_ _4\"></span>eet t<span class=\"_ _4\"></span>he fol<span class=\"_ _4\"></span>lowi<span class=\"_ _4\"></span>ng co<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>tion<span class=\"_ _4\"></span>s are me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>red s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>ntly a<span class=\"_ _4\"></span>t amo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d cos<span class=\"_ _4\"></span>t (se<span class=\"_ _4\"></span>e (i<span class=\"_ _4\"></span>) bel<span class=\"_ _4\"></span>ow):</div>\n<div class=\"t m8 x1 hb y1cd ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span><span class=\"ws2d\">Th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et is he<span class=\"_ _4\"></span>ld wi<span class=\"_ _4\"></span>thi<span class=\"_ _4\"></span>n a bus<span class=\"_ _4\"></span>ine<span class=\"_ _4\"></span>ss m<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>el wh<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>e obje<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve is to ho<span class=\"_ _4\"></span>ld \ufb01na<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>n ord<span class=\"_ _4\"></span>er to co<span class=\"_ _4\"></span>llec<span class=\"_ _7\"></span>t </span></div>\n<div class=\"t m8 x3b hb y1ce ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ual c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ows; a<span class=\"_ _4\"></span>nd</div>\n<div class=\"t m8 x1 hb y1cf ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m187 x3b hb y4a ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">The c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tua<span class=\"_ _4\"></span>l ter<span class=\"_ _4\"></span>ms of t<span class=\"_ _4\"></span>he \ufb01na<span class=\"_ _4\"></span>ncial a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et gi<span class=\"_ _4\"></span>ve ris<span class=\"_ _4\"></span>e on s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ci\ufb01e<span class=\"_ _4\"></span>d dat<span class=\"_ _4\"></span>es to c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ows t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e sol<span class=\"_ _4\"></span>ely p<span class=\"_ _4\"></span>ayme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x3b hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of pr<span class=\"_ _4\"></span>inc<span class=\"_ _4\"></span>ipa<span class=\"_ _4\"></span>l and i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t on th<span class=\"_ _4\"></span>e pr<span class=\"_ _4\"></span>inc<span class=\"_ _4\"></span>ipal a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g.</div>\n<div class=\"t m188 x1 hb y4c ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">De<span class=\"_ _4\"></span>bt ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>hat me<span class=\"_ _4\"></span>et th<span class=\"_ _4\"></span>e follo<span class=\"_ _4\"></span>wing c<span class=\"_ _4\"></span>ond<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>ons ar<span class=\"_ _4\"></span>e meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d su<span class=\"_ _4\"></span>bse<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>entl<span class=\"_ _4\"></span>y at fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>e thr<span class=\"_ _4\"></span>oug<span class=\"_ _4\"></span>h othe<span class=\"_ _4\"></span>r com<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y4d ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">prehensive income (F<span class=\"_ _4\"></span>V<span class=\"_ _4\"></span>TOC<span class=\"_ _3\"></span>I) (see (ii) below)<span class=\"_ _1\"></span>:</div>\n<div class=\"t m8 x1 hb y1a5 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m189 x3b hb y4e ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">The \ufb01<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et is he<span class=\"_ _4\"></span>ld wi<span class=\"_ _4\"></span>thin a b<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>ines<span class=\"_ _4\"></span>s mo<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>l who<span class=\"_ _4\"></span>se o<span class=\"_ _4\"></span>bjec<span class=\"_ _7\"></span>tive i<span class=\"_ _4\"></span>s achi<span class=\"_ _4\"></span>eved by b<span class=\"_ _4\"></span>oth c<span class=\"_ _4\"></span>olle<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ting c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tua<span class=\"_ _4\"></span>l</div>\n<div class=\"t m8 x3b hb y72 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ca<span class=\"_ _4\"></span>sh \ufb02<span class=\"_ _4\"></span>ows a<span class=\"_ _4\"></span>nd se<span class=\"_ _4\"></span>lling t<span class=\"_ _4\"></span>he \ufb01n<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts; a<span class=\"_ _4\"></span>nd</div>\n<div class=\"t m8 x1 hb y1d0 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m187 x3b hb y4f ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">The c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tua<span class=\"_ _4\"></span>l ter<span class=\"_ _4\"></span>ms of t<span class=\"_ _4\"></span>he \ufb01na<span class=\"_ _4\"></span>ncial a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et gi<span class=\"_ _4\"></span>ve ris<span class=\"_ _4\"></span>e on s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ci\ufb01e<span class=\"_ _4\"></span>d dat<span class=\"_ _4\"></span>es to c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ows t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e sol<span class=\"_ _4\"></span>ely p<span class=\"_ _4\"></span>ayme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x3b hb y50 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of pr<span class=\"_ _4\"></span>inc<span class=\"_ _4\"></span>ipa<span class=\"_ _4\"></span>l and i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t on th<span class=\"_ _4\"></span>e pr<span class=\"_ _4\"></span>inc<span class=\"_ _4\"></span>ipal a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g.</div>\n<div class=\"t m8 x1 hb y1d1 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">By de<span class=\"_ _4\"></span>fau<span class=\"_ _4\"></span>lt, all ot<span class=\"_ _4\"></span>her \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s are m<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>red s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>ntl<span class=\"_ _4\"></span>y at fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e thr<span class=\"_ _4\"></span>oug<span class=\"_ _4\"></span>h pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss (<span class=\"_ _4\"></span>F<span class=\"_ _4\"></span>V<span class=\"_ _4\"></span>TPL<span class=\"_ _4\"></span>).</div>\n<div class=\"t m18a x1 hb y52 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">Des<span class=\"_ _4\"></span>pi<span class=\"_ _4\"></span>te th<span class=\"_ _4\"></span>e fore<span class=\"_ _4\"></span>goin<span class=\"_ _4\"></span>g, the G<span class=\"_ _4\"></span>roup m<span class=\"_ _4\"></span>ay make th<span class=\"_ _4\"></span>e follo<span class=\"_ _4\"></span>wing i<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>evoc<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e ele<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n/desig<span class=\"_ _4\"></span>nati<span class=\"_ _4\"></span>on at ini<span class=\"_ _4\"></span>tial r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnit<span class=\"_ _4\"></span>ion of</div>\n<div class=\"t m8 x1 hb y53 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">a \ufb01nanci<span class=\"_ _3\"></span>al asset:</div>\n<div class=\"t m8 x1 hb y1d2 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m18b x3b hb y54 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p may ir<span class=\"_ _4\"></span>revo<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>bly e<span class=\"_ _4\"></span>lec<span class=\"_ _7\"></span>t to pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nt su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uent c<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>s in fa<span class=\"_ _4\"></span>ir val<span class=\"_ _4\"></span>ue of an e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt in ot<span class=\"_ _4\"></span>her</div>\n<div class=\"t m8 x3b hb y73 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>nsive i<span class=\"_ _4\"></span>nco<span class=\"_ _4\"></span>me if c<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain c<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>iter<span class=\"_ _4\"></span>ia ar<span class=\"_ _4\"></span>e met (se<span class=\"_ _4\"></span>e (iii<span class=\"_ _4\"></span>) be<span class=\"_ _4\"></span>low); and</div>\n<div class=\"t m8 x1 hb y1d3 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m18c x3b hb y55 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">The G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p may ir<span class=\"_ _4\"></span>revoc<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>ly de<span class=\"_ _4\"></span>sig<span class=\"_ _4\"></span>nate a d<span class=\"_ _4\"></span>ebt i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tme<span class=\"_ _4\"></span>nt th<span class=\"_ _4\"></span>at mee<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s the a<span class=\"_ _4\"></span>mor<span class=\"_ _7\"></span>tis<span class=\"_ _4\"></span>ed c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t or F<span class=\"_ _4\"></span>V<span class=\"_ _4\"></span>TOCI c<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>ia as</div>\n<div class=\"t m8 x3b hb y56 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">mea<span class=\"_ _4\"></span>sure<span class=\"_ _4\"></span>d at F<span class=\"_ _4\"></span>V<span class=\"_ _7\"></span>TPL if d<span class=\"_ _4\"></span>oing s<span class=\"_ _4\"></span>o elim<span class=\"_ _4\"></span>inate<span class=\"_ _4\"></span>s or si<span class=\"_ _4\"></span>gni\ufb01<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>ntly r<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>uces a<span class=\"_ _4\"></span>n acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ing mi<span class=\"_ _4\"></span>sma<span class=\"_ _4\"></span>tch (s<span class=\"_ _4\"></span>ee (i<span class=\"_ _4\"></span>v) be<span class=\"_ _4\"></span>low).</div>\n<div class=\"t m18d x1 hb y57 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">All r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s are me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>red s<span class=\"_ _4\"></span>ubs<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>ue<span class=\"_ _4\"></span>ntly i<span class=\"_ _4\"></span>n the<span class=\"_ _4\"></span>ir ent<span class=\"_ _4\"></span>iret<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>t eit<span class=\"_ _4\"></span>her am<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tis<span class=\"_ _4\"></span>ed co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t or f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue,</div>\n<div class=\"t m8 x1 hb y58 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">de<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ndin<span class=\"_ _4\"></span>g on t<span class=\"_ _4\"></span>he cla<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>i\ufb01c<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on of t<span class=\"_ _4\"></span>he \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s:</div>\n<div class=\"t m8 x1 hb y1aa ff1 fs9 fc2 sc0 ls18 wsd\" style=\"z-index: 15;\">(I).<span class=\"_ _3\"></span> </div>\n<div class=\"t m120 x3c hb y59 ff2 fs9 fc2 sc0 ls35 ws17\" style=\"z-index: 15;\">Financial assets at amortised cost<span class=\"_ _4\"></span>s:<span class=\"ff1 ls2 wsd\"> Thes<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>re su<span class=\"_ _4\"></span>bse<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>ly mea<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>ed at a<span class=\"_ _4\"></span>mor<span class=\"_ _7\"></span>tis<span class=\"_ _4\"></span>ed c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s usi<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e </span></div>\n<div class=\"t m8 x3c hb y5a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ef<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>d. Th<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d cos<span class=\"_ _4\"></span>t is r<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>uce<span class=\"_ _4\"></span>d by imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es. I<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t inco<span class=\"_ _4\"></span>me, fore<span class=\"_ _4\"></span>ign ex-</div>\n<div class=\"t m18e x3c hb y5b ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">cha<span class=\"_ _4\"></span>nge g<span class=\"_ _4\"></span>ains a<span class=\"_ _4\"></span>nd los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s. A<span class=\"_ _4\"></span>ny gain o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s on d<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on</div>\n<div class=\"t m8 x3c hb y5c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m8 x1 hb y1d4 ff1 fs9 fc2 sc0 ls18 wsd\" style=\"z-index: 15;\">(II)<span class=\"_ _3\"></span>. <span class=\"_ _c8\"> </span><span class=\"ff2 ls2\">De<span class=\"_ _4\"></span>bt in<span class=\"_ _4\"></span>ves<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s at F<span class=\"_ _4\"></span>V<span class=\"_ _4\"></span>TO<span class=\"_ _4\"></span>CI:<span class=\"ff1\"> T<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s are su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uent<span class=\"_ _4\"></span>ly me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>red at f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue. In<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t inco<span class=\"_ _4\"></span>me is c<span class=\"_ _4\"></span>al</span></span></div>\n<div class=\"t m8 x14 hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m18f x3c hb y5e ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">cul<span class=\"_ _4\"></span>ated u<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>g the e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>tive i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t met<span class=\"_ _4\"></span>hod, fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n exch<span class=\"_ _4\"></span>ange g<span class=\"_ _4\"></span>ains a<span class=\"_ _4\"></span>nd lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es a<span class=\"_ _4\"></span>nd im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>g<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m190 x3c hb y5f ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">nis<span class=\"_ _4\"></span>ed in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s. O<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>her ne<span class=\"_ _4\"></span>t gain<span class=\"_ _4\"></span>s and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d in O<span class=\"_ _4\"></span>CI. On d<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on, gain<span class=\"_ _4\"></span>s and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x3c hb y60 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">acc<span class=\"_ _4\"></span>umu<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d in OCI a<span class=\"_ _4\"></span>re rec<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed to p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>t or los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t m8 x1 hb y74 ff1 fs9 fc2 sc0 ls15 ws12\" style=\"z-index: 15;\">(III).</div>\n<div class=\"t m191 x3c hb y75 ff2 fs9 fc2 sc0 ls2f wsc\" style=\"z-index: 15;\">Equity inv<span class=\"_ _3\"></span>estments at FV<span class=\"_ _4\"></span>TOCI<span class=\"_ _3\"></span>:<span class=\"ff1 ls16 wsb\"> Thes<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e sub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>ntl<span class=\"_ _4\"></span>y meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>e. Divi<span class=\"_ _4\"></span>den<span class=\"_ _4\"></span>ds ar<span class=\"_ _4\"></span>e rec<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></span></div>\n<div class=\"t m192 x3c hb y76 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">og<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d as in<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e in pr<span class=\"_ _4\"></span>o\ufb01t or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s unle<span class=\"_ _4\"></span>ss t<span class=\"_ _4\"></span>he di<span class=\"_ _4\"></span>vid<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>d clea<span class=\"_ _4\"></span>rly r<span class=\"_ _4\"></span>epr<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s a re<span class=\"_ _4\"></span>cover<span class=\"_ _7\"></span>y of pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>he cos<span class=\"_ _4\"></span>t of</div>\n<div class=\"t m8 x3c hb y61 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e inves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>. Ot<span class=\"_ _4\"></span>her n<span class=\"_ _4\"></span>et gai<span class=\"_ _4\"></span>ns an<span class=\"_ _4\"></span>d los<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n OCI an<span class=\"_ _4\"></span>d are n<span class=\"_ _4\"></span>ever re<span class=\"_ _4\"></span>clas<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed t<span class=\"_ _4\"></span>o pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>.</div>\n<div class=\"t m8 x1 hb y1d5 ff1 fs9 fc2 sc0 ls49 ws4d\" style=\"z-index: 15;\">(I<span class=\"_ _4\"></span>V<span class=\"_ _7\"></span>).<span class=\"_ _4\"></span> </div>\n\n<div class=\"t m193 x3c hb y77 ff2 fs9 fc2 sc0 ls11 wsc\" style=\"z-index: 15;\">Fin<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ci<span class=\"_ _4\"></span>al a<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>t F<span class=\"_ _4\"></span>V<span class=\"_ _4\"></span>TPL<span class=\"_ _4\"></span>:<span class=\"ff1 wsd\"> The<span class=\"_ _4\"></span>se a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s are s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>ntl<span class=\"_ _4\"></span>y meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue. Net g<span class=\"_ _4\"></span>ains a<span class=\"_ _4\"></span>nd lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es, i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>d<span class=\"ls2 ws2\">-</span></span></div>\n<div class=\"t m194 x3c hb y63 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">ing a<span class=\"_ _4\"></span>ny inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t or d<span class=\"_ _4\"></span>ivid<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>d inc<span class=\"_ _4\"></span>ome, are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n pro<span class=\"_ _4\"></span>\ufb01t or lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s. How<span class=\"_ _4\"></span>ever<span class=\"_ _1\"></span>, s<span class=\"_ _4\"></span>ee s<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>tive \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial</div>\n<div class=\"t m8 x3c hb y64 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ins<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>nd he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ing fo<span class=\"_ _4\"></span>r der<span class=\"_ _4\"></span>iv<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ves de<span class=\"_ _4\"></span>sig<span class=\"_ _4\"></span>nate<span class=\"_ _4\"></span>d as he<span class=\"_ _4\"></span>dgi<span class=\"_ _4\"></span>ng ins<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 327px; height: 53px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 327px; height: 639px; width: 90%; z-index: 4;\"><br/></div>\n\n\n<div class=\"t m0 x1 h6 y1b3 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Derecognition of \ufb01nancial as<span class=\"_ _4\"></span>sets</div>\n<div class=\"t m195 x1 hb y67 ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p der<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>es a \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al ri<span class=\"_ _4\"></span>ght<span class=\"_ _4\"></span>s to t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ash \ufb02<span class=\"_ _4\"></span>ows f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m the \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t</div>\n<div class=\"t m8 x1 hb y68 ff1 fs9 fc2 sc0 ls2 ws4e\" style=\"z-index: 15;\">ex<span class=\"_ _4\"></span>pire, or it t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>rs t<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>ight<span class=\"_ _4\"></span>s to r<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>ive th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al c<span class=\"_ _4\"></span>ash \ufb02<span class=\"_ _4\"></span>ows i<span class=\"_ _4\"></span>n a tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion i<span class=\"_ _4\"></span>n whic<span class=\"_ _4\"></span>h su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>antia<span class=\"_ _4\"></span>lly all r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks</div>\n<div class=\"t m196 x1 hb y69 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">and r<span class=\"_ _4\"></span>ewa<span class=\"_ _4\"></span>rds of o<span class=\"_ _4\"></span>wne<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ship o<span class=\"_ _4\"></span>f the \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t are t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d or in w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h the G<span class=\"_ _4\"></span>roup n<span class=\"_ _4\"></span>eit<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>s no<span class=\"_ _4\"></span>r ret<span class=\"_ _4\"></span>ains</div>\n<div class=\"t m8 x1 hb y6a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ntial<span class=\"_ _4\"></span>ly all of t<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>isk<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d rewa<span class=\"_ _4\"></span>rd<span class=\"_ _4\"></span>s of own<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>shi<span class=\"_ _4\"></span>p and i<span class=\"_ _4\"></span>t doe<span class=\"_ _4\"></span>s not re<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>in con<span class=\"_ _4\"></span>tro<span class=\"_ _4\"></span>l over th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cial a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 212px; height: 94px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 212px; height: 927px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 212px; height: 927px; 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\n<div class=\"t m0 xe h6 y1d6 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Financial liabilities</div>\n<div class=\"t m8 xe hb y7f ff1 fs9 fc2 sc0 ls2 ws4e\" style=\"z-index: 15;\">Fina<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es are c<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed a<span class=\"_ _4\"></span>s meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at am<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d co<span class=\"_ _4\"></span>st o<span class=\"_ _4\"></span>r F<span class=\"_ _4\"></span>V<span class=\"_ _4\"></span>TPL<span class=\"_ _4\"></span>. A \ufb01na<span class=\"_ _4\"></span>ncial li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y is cl<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>si\ufb01<span class=\"_ _4\"></span>ed at F<span class=\"_ _4\"></span>V<span class=\"_ _7\"></span>TPL</div>\n<div class=\"t m197 xe hb y43 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">if it i<span class=\"_ _4\"></span>s clas<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed a<span class=\"_ _4\"></span>s hel<span class=\"_ _4\"></span>d-<span class=\"_ _4\"></span>for-tr<span class=\"_ _4\"></span>adi<span class=\"_ _4\"></span>ng, it is a d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ivat<span class=\"_ _4\"></span>ive or i<span class=\"_ _4\"></span>t is de<span class=\"_ _4\"></span>sig<span class=\"_ _4\"></span>nate<span class=\"_ _4\"></span>d as su<span class=\"_ _4\"></span>ch on i<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>al rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n. Fina<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l liabi<span class=\"_ _4\"></span>l<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m155 xe hb y80 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">iti<span class=\"_ _4\"></span>es at F<span class=\"_ _4\"></span>V<span class=\"_ _7\"></span>TPL are m<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at fa<span class=\"_ _4\"></span>ir val<span class=\"_ _4\"></span>ue an<span class=\"_ _4\"></span>d net ga<span class=\"_ _4\"></span>ins an<span class=\"_ _4\"></span>d los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es, in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g any inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>e, are rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 xe hb y81 ff1 fs9 fc2 sc0 ls22 ws4f\" style=\"z-index: 15;\">in pro\ufb01t<span class=\"_ _3\"></span> or loss. Other \ufb01nancia<span class=\"_ _3\"></span>l li<span class=\"_ _3\"></span>abiliti<span class=\"_ _3\"></span>es are<span class=\"_ _3\"></span> subsequently measured at<span class=\"_ _3\"></span> amor<span class=\"_ _4\"></span>tised cost using the e<span class=\"_ _3\"></span>f<span class=\"_ _4\"></span>fective interest</div>\n<div class=\"t m8 xe hb y1c9 ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">met<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>d. Inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse a<span class=\"_ _4\"></span>nd fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n exch<span class=\"_ _4\"></span>ange g<span class=\"_ _4\"></span>ains a<span class=\"_ _4\"></span>nd lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es a<span class=\"_ _4\"></span>re rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d in pr<span class=\"_ _4\"></span>o\ufb01t or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s. A<span class=\"_ _4\"></span>ny gain o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb y1d7 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">on d<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on is al<span class=\"_ _4\"></span>so re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>t or los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t m198 xe hb y84 ff1 fs9 fc2 sc0 ls14 ws2e\" style=\"z-index: 15;\">See sec<span class=\"_ _4\"></span>tion \u201c<span class=\"_ _3\"></span>Derivative \ufb01n<span class=\"_ _3\"></span>ancial<span class=\"_ _3\"></span> instr<span class=\"_ _4\"></span>uments and hedge accounting<span class=\"_ _1\"></span>\u201d for derivatives<span class=\"_ _3\"></span> designated as<span class=\"_ _3\"></span> hedging instru<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y85 ff1 fs9 fc2 sc0 ls17 ws2c\" style=\"z-index: 15;\">ment<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 971px; height: 160px; width: 90%; z-index: 4;\"><br/></div>\n\n\n<div class=\"t m0 xe h6 y1af ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Derecognition of \ufb01nancial liabilities</div>\n<div class=\"t m199 xe hb y88 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">The G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p der<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>es a \ufb01n<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>ial liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y w<span class=\"_ _4\"></span>hen i<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s cont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al ob<span class=\"_ _4\"></span>ligati<span class=\"_ _4\"></span>ons a<span class=\"_ _4\"></span>re dis<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>rge<span class=\"_ _4\"></span>d or c<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>elle<span class=\"_ _4\"></span>d, or ex<span class=\"_ _4\"></span>pire.</div>\n<div class=\"t m19a xe hb y89 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en an e<span class=\"_ _4\"></span>xis<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng loa<span class=\"_ _4\"></span>n is re<span class=\"_ _4\"></span>plac<span class=\"_ _4\"></span>ed by an<span class=\"_ _4\"></span>oth<span class=\"_ _4\"></span>er fr<span class=\"_ _4\"></span>om t<span class=\"_ _4\"></span>he sa<span class=\"_ _4\"></span>me le<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r on su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>anti<span class=\"_ _4\"></span>ally di<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>ent te<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>s, or th<span class=\"_ _4\"></span>e ter<span class=\"_ _4\"></span>ms</div>\n<div class=\"t m64 xe hb y8a ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e exi<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ing lo<span class=\"_ _4\"></span>ans a<span class=\"_ _4\"></span>re su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>antia<span class=\"_ _4\"></span>lly mo<span class=\"_ _4\"></span>di\ufb01<span class=\"_ _4\"></span>ed, su<span class=\"_ _4\"></span>ch a<span class=\"_ _4\"></span>n excha<span class=\"_ _4\"></span>nge o<span class=\"_ _4\"></span>r mod<span class=\"_ _4\"></span>i\ufb01c<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion is t<span class=\"_ _4\"></span>reat<span class=\"_ _4\"></span>ed as a d<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nit<span class=\"_ _4\"></span>ion of</div>\n<div class=\"t m8 xe hb yd8 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e ori<span class=\"_ _4\"></span>ginal l<span class=\"_ _4\"></span>oan a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>he rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n of a new l<span class=\"_ _4\"></span>oan (at f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue). The di<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>renc<span class=\"_ _4\"></span>e in t<span class=\"_ _4\"></span>he res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _4\"></span>ng val<span class=\"_ _4\"></span>ue is</div>\n<div class=\"t m8 xe hb y1d8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ized i<span class=\"_ _4\"></span>n the s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment o<span class=\"_ _4\"></span>f pro\ufb01<span class=\"_ _4\"></span>t and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m19b xe hb y4a ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">On d<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on of a \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>, the d<span class=\"_ _4\"></span>if<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>ce be<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>wee<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt ex<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ingu<span class=\"_ _4\"></span>ish<span class=\"_ _4\"></span>ed an<span class=\"_ _4\"></span>d th<span class=\"_ _4\"></span>e cons<span class=\"_ _4\"></span>id<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 xe hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n pai<span class=\"_ _4\"></span>d (in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>ding a<span class=\"_ _4\"></span>ny non<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ash a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d or liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>ies as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>d) is r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d in pro<span class=\"_ _4\"></span>\ufb01t or lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 806px; height: 144px; width: 90%; z-index: 4;\"><br/></div>\n\n\n<div class=\"t m0 xe h6 y1d9 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Of<span class=\"_ _4\"></span>fset<span class=\"_ _4\"></span>ting</div>\n<div class=\"t m8 xe hb y72 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">Fina<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es are o<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>set a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>he net a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of \ufb01na<span class=\"_ _4\"></span>ncial p<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>i<span class=\"ws2\">-</span></div>\n<div class=\"t m19c xe hb y4f ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">tio<span class=\"_ _4\"></span>n whe<span class=\"_ _4\"></span>n, and o<span class=\"_ _4\"></span>nly w<span class=\"_ _4\"></span>hen, th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>entl<span class=\"_ _4\"></span>y has a le<span class=\"_ _4\"></span>gall<span class=\"_ _4\"></span>y enfo<span class=\"_ _4\"></span>rcea<span class=\"_ _4\"></span>ble r<span class=\"_ _4\"></span>ight t<span class=\"_ _4\"></span>o set of<span class=\"_ _7\"></span>f th<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d it inte<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb y50 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">eit<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>o set<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>le th<span class=\"_ _4\"></span>em o<span class=\"_ _4\"></span>n a net ba<span class=\"_ _4\"></span>sis o<span class=\"_ _4\"></span>r to reali<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t and s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>le th<span class=\"_ _4\"></span>e liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y si<span class=\"_ _4\"></span>mul<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>neo<span class=\"_ _4\"></span>usl<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 707px; height: 78px; width: 90%; z-index: 4;\"><br/></div>\n\n\n<div class=\"t m0 xe h6 y1b6 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Share capit<span class=\"_ _4\"></span>al</div>\n<div class=\"t m8 xe hb y54 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">Or<span class=\"_ _4\"></span>dina<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s are cl<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>si\ufb01e<span class=\"_ _4\"></span>d as e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>. I<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>al cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s di<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ly at<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>but<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le to t<span class=\"_ _4\"></span>he is<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>e of ord<span class=\"_ _4\"></span>inar<span class=\"_ _7\"></span>y s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s and</div>\n<div class=\"t m8 xe hb y1da ff1 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">sha<span class=\"_ _4\"></span>re op<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns are re<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>s a de<span class=\"_ _4\"></span>duc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>, net of t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x ef<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s. W<span class=\"_ _4\"></span>hen s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>pit<span class=\"_ _4\"></span>al re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed as e<span class=\"_ _4\"></span>q</div>\n<div class=\"t m8 x3d hb y73 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m19d xe hb y55 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">uit<span class=\"_ _4\"></span>y i<span class=\"_ _4\"></span>s rep<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>ed, th<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt of t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>der<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on pa<span class=\"_ _4\"></span>id, inc<span class=\"_ _4\"></span>ludi<span class=\"_ _4\"></span>ng dir<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>tl<span class=\"_ _4\"></span>y at<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ib<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s net o<span class=\"_ _4\"></span>f ta<span class=\"_ _4\"></span>x, is r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>g<span class=\"ws2\">-</span></div>\n<div class=\"t m19e xe hb y56 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">nis<span class=\"_ _4\"></span>ed as a d<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on f<span class=\"_ _4\"></span>rom e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>. Whe<span class=\"_ _4\"></span>n tr<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s are s<span class=\"_ _4\"></span>old, t<span class=\"_ _4\"></span>he amo<span class=\"_ _4\"></span>unt r<span class=\"_ _4\"></span>ecei<span class=\"_ _4\"></span>ved is r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d as an in<span class=\"_ _4\"></span>crea<span class=\"_ _4\"></span>se</div>\n<div class=\"t m8 xe hb y57 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">in e<span class=\"_ _4\"></span>quit<span class=\"_ _7\"></span>y and t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>g sur<span class=\"_ _4\"></span>pl<span class=\"_ _4\"></span>us or d<span class=\"_ _4\"></span>e\ufb01ci<span class=\"_ _4\"></span>t on t<span class=\"_ _4\"></span>he tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>sac<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n is pr<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d in ret<span class=\"_ _4\"></span>ai<span class=\"_ _4\"></span>ned ea<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ning<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 575px; height: 111px; width: 90%; z-index: 4;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 xe h6 y1db ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Derivative \ufb01nancial ins<span class=\"_ _4\"></span>trument<span class=\"_ _4\"></span>s &amp; hedge accounting</div>\n<div class=\"t m19f xe hb y5b ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p hol<span class=\"_ _4\"></span>ds de<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>vat<span class=\"_ _4\"></span>ive \ufb01na<span class=\"_ _4\"></span>ncial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s to h<span class=\"_ _4\"></span>edg<span class=\"_ _4\"></span>e it<span class=\"_ _4\"></span>s fo<span class=\"_ _4\"></span>reign c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y an<span class=\"_ _4\"></span>d inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ra<span class=\"_ _4\"></span>te ri<span class=\"_ _4\"></span>sk ex<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>res. E<span class=\"_ _4\"></span>m<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1a0 xe hb y5c ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">be<span class=\"_ _4\"></span>dd<span class=\"_ _4\"></span>ed d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ivat<span class=\"_ _4\"></span>ives a<span class=\"_ _4\"></span>re se<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d fr<span class=\"_ _4\"></span>om t<span class=\"_ _4\"></span>he hos<span class=\"_ _4\"></span>t co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>t and a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d for s<span class=\"_ _4\"></span>epa<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tely i<span class=\"_ _4\"></span>f the h<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t cont<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t is n<span class=\"_ _4\"></span>ot a</div>\n<div class=\"t m8 xe hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\ufb01na<span class=\"_ _4\"></span>ncial a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et an<span class=\"_ _4\"></span>d cer<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>ain c<span class=\"_ _4\"></span>rit<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ia are me<span class=\"_ _4\"></span>t.</div>\n<div class=\"t m15b xe hb y5e ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Der<span class=\"_ _4\"></span>iv<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ves are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d init<span class=\"_ _4\"></span>ially a<span class=\"_ _4\"></span>t fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e at th<span class=\"_ _4\"></span>e date a d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>tive co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>t is en<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>d into. Su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uent t<span class=\"_ _4\"></span>o init<span class=\"_ _4\"></span>ial</div>\n<div class=\"t m1a1 xe hb y5f ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n, der<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>tive<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d at fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>e and c<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ges t<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>ein ar<span class=\"_ _4\"></span>e gen<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ally re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d in pr<span class=\"_ _4\"></span>o\ufb01t an<span class=\"_ _4\"></span>d los<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m8 xe hb y60 ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p de<span class=\"_ _4\"></span>sign<span class=\"_ _4\"></span>ates c<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>tive<span class=\"_ _4\"></span>s as he<span class=\"_ _4\"></span>dgi<span class=\"_ _4\"></span>ng ins<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s to hed<span class=\"_ _4\"></span>ge t<span class=\"_ _4\"></span>he va<span class=\"_ _4\"></span>ria<span class=\"_ _4\"></span>bilit<span class=\"_ _7\"></span>y in c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ows a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>d</div>\n<div class=\"t m1a2 xe hb y75 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">wit<span class=\"_ _4\"></span>h hig<span class=\"_ _4\"></span>hly pr<span class=\"_ _4\"></span>ob<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e fore<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s ari<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>g fro<span class=\"_ _4\"></span>m ch<span class=\"_ _4\"></span>ange<span class=\"_ _4\"></span>s in fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n exch<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>e ra<span class=\"_ _4\"></span>tes an<span class=\"_ _4\"></span>d inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s and</div>\n<div class=\"t m8 xe hb y76 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">cer<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>ain de<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>vat<span class=\"_ _4\"></span>ives a<span class=\"_ _4\"></span>nd no<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ivat<span class=\"_ _4\"></span>ive \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es as h<span class=\"_ _4\"></span>edg<span class=\"_ _4\"></span>es of fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n exc<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>e ri<span class=\"_ _4\"></span>sk of a ne<span class=\"_ _4\"></span>t inves<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ment i<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 xe hb y1dc ff1 fs9 fc2 sc0 ls18 wsd\" style=\"z-index: 15;\">a foreign oper<span class=\"_ _4\"></span>ation.</div>\n<div class=\"t m1a3 xe hb y77 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">At inc<span class=\"_ _4\"></span>ept<span class=\"_ _4\"></span>ion of d<span class=\"_ _4\"></span>esi<span class=\"_ _4\"></span>gnate<span class=\"_ _4\"></span>d he<span class=\"_ _4\"></span>dge r<span class=\"_ _4\"></span>elat<span class=\"_ _4\"></span>ions<span class=\"_ _4\"></span>hip<span class=\"_ _4\"></span>s, th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p do<span class=\"_ _4\"></span>cum<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>isk m<span class=\"_ _4\"></span>anag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt ob<span class=\"_ _4\"></span>jec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ive an<span class=\"_ _4\"></span>d st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ateg<span class=\"_ _4\"></span>y</div>\n<div class=\"t m71 xe hb y63 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">for u<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ak<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he he<span class=\"_ _4\"></span>dge. T<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up al<span class=\"_ _4\"></span>so do<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts t<span class=\"_ _4\"></span>he e<span class=\"_ _4\"></span>con<span class=\"_ _4\"></span>omic re<span class=\"_ _4\"></span>lati<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>hip b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>we<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he he<span class=\"_ _4\"></span>dge<span class=\"_ _4\"></span>d ite<span class=\"_ _4\"></span>m and</div>\n<div class=\"t m1a4 xe hb y64 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e hed<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>d ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent, i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g whe<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r the c<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ges i<span class=\"_ _4\"></span>n ca<span class=\"_ _4\"></span>sh \ufb02<span class=\"_ _4\"></span>ow of th<span class=\"_ _4\"></span>e hed<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>d item a<span class=\"_ _4\"></span>nd he<span class=\"_ _4\"></span>dgi<span class=\"_ _4\"></span>ng in<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>nt</div>\n<div class=\"t m8 xe hb y65 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">are ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to of<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et eac<span class=\"_ _4\"></span>h oth<span class=\"_ _4\"></span>er<span class=\"_ _1\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 311px; height: 243px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 311px; height: 243px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 311px; height: 820px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 311px; height: 820px; 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 x1 h6 y1d6 ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Cas<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _1\"></span> hedges</div>\n<div class=\"t m1a5 x1 hb y7f ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en a d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ivat<span class=\"_ _4\"></span>ive is d<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>ignat<span class=\"_ _4\"></span>ed as a c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow h<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ging i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent, t<span class=\"_ _4\"></span>he ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive p<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of ch<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>es in t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>l<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1a6 x1 hb y43 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">ue of t<span class=\"_ _4\"></span>he de<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>vati<span class=\"_ _4\"></span>ve is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d in OCI a<span class=\"_ _4\"></span>nd ac<span class=\"_ _4\"></span>cum<span class=\"_ _4\"></span>ulate<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he he<span class=\"_ _4\"></span>dgi<span class=\"_ _4\"></span>ng re<span class=\"_ _4\"></span>ser<span class=\"_ _7\"></span>ve. The e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tive p<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of ch<span class=\"_ _4\"></span>ange<span class=\"_ _4\"></span>s</div>\n<div class=\"t m1a7 x1 hb y80 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">in th<span class=\"_ _4\"></span>e fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e of the d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>tive t<span class=\"_ _4\"></span>hat is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d in OCI i<span class=\"_ _4\"></span>s limite<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e cu<span class=\"_ _4\"></span>mulat<span class=\"_ _4\"></span>ive ch<span class=\"_ _4\"></span>ange i<span class=\"_ _4\"></span>n fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e of the</div>\n<div class=\"t m1a8 x1 hb y81 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">he<span class=\"_ _4\"></span>dge<span class=\"_ _4\"></span>d ite<span class=\"_ _4\"></span>m, deter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>ned o<span class=\"_ _4\"></span>n a pr<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>nt val<span class=\"_ _4\"></span>ue ba<span class=\"_ _4\"></span>sis<span class=\"_ _4\"></span>. Any in<span class=\"_ _4\"></span>ef<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve por<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of ch<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>es in t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue of t<span class=\"_ _4\"></span>he de<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1a9 x1 hb y82 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">ri<span class=\"_ _4\"></span>vat<span class=\"_ _4\"></span>ive is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d imm<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>iatel<span class=\"_ _4\"></span>y in pr<span class=\"_ _4\"></span>o\ufb01t or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s. T<span class=\"_ _4\"></span>he amo<span class=\"_ _4\"></span>unt a<span class=\"_ _4\"></span>ccu<span class=\"_ _4\"></span>mula<span class=\"_ _4\"></span>ted i<span class=\"_ _4\"></span>n the h<span class=\"_ _4\"></span>edg<span class=\"_ _4\"></span>ing re<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ve a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t of</div>\n<div class=\"t m1aa x1 hb y83 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">the h<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ging r<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ve is r<span class=\"_ _4\"></span>ecla<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>i\ufb01e<span class=\"_ _4\"></span>d to pro<span class=\"_ _4\"></span>\ufb01t or lo<span class=\"_ _4\"></span>ss i<span class=\"_ _4\"></span>n the s<span class=\"_ _4\"></span>am<span class=\"_ _4\"></span>e per<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>d or pe<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ods d<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing w<span class=\"_ _4\"></span>hich t<span class=\"_ _4\"></span>he he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e exp<span class=\"_ _4\"></span>ec<span class=\"_ _7\"></span>ted</div>\n<div class=\"t m8 x1 hb y84 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">fu<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>sh \ufb02o<span class=\"_ _4\"></span>ws af<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>t pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>.</div>\n<div class=\"t m1ab x1 hb y85 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">If th<span class=\"_ _4\"></span>e he<span class=\"_ _4\"></span>dge n<span class=\"_ _4\"></span>o lon<span class=\"_ _4\"></span>ger m<span class=\"_ _4\"></span>eet<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>he cr<span class=\"_ _4\"></span>ite<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>a for he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ing o<span class=\"_ _4\"></span>r the h<span class=\"_ _4\"></span>edg<span class=\"_ _4\"></span>ing i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent is s<span class=\"_ _4\"></span>ol<span class=\"_ _4\"></span>d, exp<span class=\"_ _4\"></span>ires, i<span class=\"_ _4\"></span>s ter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1ac x1 hb y86 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">nate<span class=\"_ _4\"></span>d or is exe<span class=\"_ _4\"></span>rci<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d, the<span class=\"_ _4\"></span>n hed<span class=\"_ _4\"></span>ge ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nting i<span class=\"_ _4\"></span>s dis<span class=\"_ _4\"></span>con<span class=\"_ _4\"></span>tinu<span class=\"_ _4\"></span>ed p<span class=\"_ _4\"></span>ros<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tive<span class=\"_ _4\"></span>ly<span class=\"_ _3\"></span>. Wh<span class=\"_ _4\"></span>en he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng for c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow</div>\n<div class=\"t m1ad x1 hb y87 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">he<span class=\"_ _4\"></span>dge<span class=\"_ _4\"></span>s is di<span class=\"_ _4\"></span>sco<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>nue<span class=\"_ _4\"></span>d, any gain o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n othe<span class=\"_ _4\"></span>r com<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>ve inco<span class=\"_ _4\"></span>me a<span class=\"_ _4\"></span>nd acc<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ulate<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ash</div>\n<div class=\"t m1ae x1 hb y8c ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">\ufb02ow he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e res<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>ve at tha<span class=\"_ _4\"></span>t tim<span class=\"_ _4\"></span>e rema<span class=\"_ _4\"></span>ins in e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y an<span class=\"_ _4\"></span>d is rec<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed to p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s w<span class=\"_ _4\"></span>hen t<span class=\"_ _4\"></span>he for<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>ted t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1af x1 hb y88 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">tio<span class=\"_ _4\"></span>n occ<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>s. W<span class=\"_ _4\"></span>hen a f<span class=\"_ _4\"></span>ore<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ed tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>sa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n is no lo<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>r ex<span class=\"_ _4\"></span>pec<span class=\"_ _7\"></span>ted to o<span class=\"_ _4\"></span>cc<span class=\"_ _4\"></span>ur<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he gai<span class=\"_ _4\"></span>n or los<span class=\"_ _4\"></span>s ac<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>mulat<span class=\"_ _4\"></span>ed in t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h</div>\n<div class=\"t m8 x1 hb y89 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\ufb02ow he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e res<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>ve is im<span class=\"_ _4\"></span>med<span class=\"_ _4\"></span>iatel<span class=\"_ _4\"></span>y rec<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed to p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 888px; height: 243px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 888px; height: 243px; width: 92%; z-index: 3;\"><br/></div>\n\n\n<div><br/></div>\n\n<div></div>\n<div class=\"t m0 x1 h13 y8b ff3 fs4 fc0 sc0 ls4a ws50\" style=\"z-index: 15;\">D.<span class=\"_ _4\"></span> <span class=\"_ _11\"> </span><span class=\"ls4b ws51\">G<span class=\"_ _4\"></span>OO<span class=\"_ _4\"></span>DWI<span class=\"_ _4\"></span>LL</span></div>\n<div class=\"t m8 x1 hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Goo<span class=\"_ _4\"></span>dw<span class=\"_ _4\"></span>ill ar<span class=\"_ _4\"></span>isi<span class=\"_ _4\"></span>ng up<span class=\"_ _4\"></span>on t<span class=\"_ _4\"></span>he ac<span class=\"_ _4\"></span>quis<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>on of s<span class=\"_ _4\"></span>ubs<span class=\"_ _4\"></span>idia<span class=\"_ _4\"></span>rie<span class=\"_ _4\"></span>s is in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>ded i<span class=\"_ _4\"></span>n int<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>ible a<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m1b0 x1 hb y4c ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">For t<span class=\"_ _4\"></span>he mea<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt of go<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>will a<span class=\"_ _4\"></span>t init<span class=\"_ _4\"></span>ial re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on, we ref<span class=\"_ _4\"></span>er to t<span class=\"_ _4\"></span>he acc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ting p<span class=\"_ _4\"></span>oli<span class=\"_ _4\"></span>cy \u201cB<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>mbi<span class=\"_ _4\"></span>natio<span class=\"_ _4\"></span>n\u201d</div>\n<div class=\"t m8 x1 hb y4d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">und<span class=\"_ _4\"></span>er A<span class=\"_ _4\"></span>. Ba<span class=\"_ _4\"></span>sis of c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>olid<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n.</div>\n<div class=\"t m8 x1 hb y1a5 ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">Sub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>entl<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>, go<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>will i<span class=\"_ _4\"></span>s meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at co<span class=\"_ _4\"></span>st l<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s acc<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ulate<span class=\"_ _4\"></span>d imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es (se<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ing p<span class=\"_ _4\"></span>olic<span class=\"_ _4\"></span>y G. I<span class=\"_ _4\"></span>mpai<span class=\"_ _4\"></span>r</div>\n<div class=\"t m8 x14 hb y4e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y72 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t of as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s).</div>\n<div class=\"t m1b1 x1 hb y4f ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">In re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t of e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s, th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt of g<span class=\"_ _4\"></span>oo<span class=\"_ _4\"></span>dwi<span class=\"_ _4\"></span>ll is inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n the c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt of</div>\n<div class=\"t m1b2 x1 hb y50 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent an<span class=\"_ _4\"></span>d an im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt lo<span class=\"_ _4\"></span>ss o<span class=\"_ _4\"></span>n suc<span class=\"_ _4\"></span>h an inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt is allo<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ated to t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>ing am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>t of the e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y51 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">cou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>tee a<span class=\"_ _4\"></span>s a wh<span class=\"_ _4\"></span>ole.</div>\n\n<div></div>\n<div class=\"t m0 x1 h13 y54 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">E. <span class=\"_ _b9\"> </span><span class=\"ls4c ws52\">INT<span class=\"_ _1\"></span>AN<span class=\"_ _4\"></span>GIBLE ASSETS</span></div>\n\n<div class=\"t m0 x1 h6 y1dd ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Research and<span class=\"_ _3\"></span> dev<span class=\"_ _1\"></span>elopment</div>\n<div class=\"t m8 x1 hb y57 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ure o<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>earc<span class=\"_ _4\"></span>h ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s, und<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>ta<span class=\"_ _4\"></span>ken wit<span class=\"_ _4\"></span>h th<span class=\"_ _4\"></span>e pro<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t of g<span class=\"_ _4\"></span>aini<span class=\"_ _4\"></span>ng new s<span class=\"_ _4\"></span>cie<span class=\"_ _4\"></span>nti\ufb01<span class=\"_ _4\"></span>c or te<span class=\"_ _4\"></span>chni<span class=\"_ _4\"></span>cal k<span class=\"_ _4\"></span>no<span class=\"_ _4\"></span>wle<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 x1 hb y1de ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">and u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g, is rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s as in<span class=\"_ _4\"></span>cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m1b3 x1 hb y59 ff1 fs9 fc2 sc0 ls23 wsf\" style=\"z-index: 15;\">Deve<span class=\"_ _4\"></span>lop<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>vit<span class=\"_ _4\"></span>ies i<span class=\"_ _4\"></span>nvolve a p<span class=\"_ _4\"></span>lan o<span class=\"_ _4\"></span>r des<span class=\"_ _4\"></span>ign fo<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e pro<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of new o<span class=\"_ _4\"></span>r sub<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ntial<span class=\"_ _4\"></span>ly new i<span class=\"_ _4\"></span>mpr<span class=\"_ _4\"></span>oved p<span class=\"_ _4\"></span>rod</div>\n<div class=\"t m1b4 x14 hb y59 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m1b5 x1 hb y5a ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd pr<span class=\"_ _4\"></span>oce<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>. Devel<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s are c<span class=\"_ _4\"></span>ap<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>alize<span class=\"_ _4\"></span>d onl<span class=\"_ _4\"></span>y if t<span class=\"_ _4\"></span>he deve<span class=\"_ _4\"></span>lop<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt cos<span class=\"_ _4\"></span>t c<span class=\"_ _4\"></span>an b<span class=\"_ _4\"></span>e mea<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>ed re<span class=\"_ _4\"></span>liab<span class=\"_ _4\"></span>ly<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m1b6 x1 hb y5b ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t or p<span class=\"_ _4\"></span>roce<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s is tec<span class=\"_ _4\"></span>hnic<span class=\"_ _4\"></span>all<span class=\"_ _4\"></span>y and c<span class=\"_ _4\"></span>omm<span class=\"_ _4\"></span>erci<span class=\"_ _4\"></span>ally fea<span class=\"_ _4\"></span>sib<span class=\"_ _4\"></span>le, fut<span class=\"_ _4\"></span>ure e<span class=\"_ _4\"></span>con<span class=\"_ _4\"></span>omic b<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>e\ufb01t<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e pro<span class=\"_ _4\"></span>bab<span class=\"_ _4\"></span>le an<span class=\"_ _4\"></span>d the G<span class=\"_ _4\"></span>roup</div>\n<div class=\"t m1b7 x1 hb y5c ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">inte<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>s to an<span class=\"_ _4\"></span>d has su<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>ient r<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>our<span class=\"_ _4\"></span>ces to c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>lete d<span class=\"_ _4\"></span>evel<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>ment a<span class=\"_ _4\"></span>nd to u<span class=\"_ _4\"></span>se or s<span class=\"_ _4\"></span>ell t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et. O<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>her<span class=\"_ _7\"></span>wis<span class=\"_ _4\"></span>e, it is re<span class=\"_ _4\"></span>c<span class=\"ws2\">-</span></div>\n<div class=\"t m1b8 x1 hb y5d ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">og<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d in p<span class=\"_ _4\"></span>ro\ufb01t or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s as in<span class=\"_ _4\"></span>cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d. C<span class=\"_ _4\"></span>apit<span class=\"_ _4\"></span>ali<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d devel<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>ment e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>itu<span class=\"_ _4\"></span>re is m<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>red a<span class=\"_ _4\"></span>t cos<span class=\"_ _4\"></span>t le<span class=\"_ _4\"></span>ss a<span class=\"_ _4\"></span>ccu<span class=\"_ _4\"></span>mulat<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m8 x1 hb y5e ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">amor<span class=\"_ _4\"></span>tisation and accumul<span class=\"_ _3\"></span>ated impa<span class=\"_ _3\"></span>irment losses.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 459px; height: 161px; width: 86%; z-index: 6;\"></div>\n\n<div class=\"t m0 x1 h6 y1df ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Other intangible asset<span class=\"_ _4\"></span>s</div>\n<div class=\"t m1b9 x1 hb y76 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">O<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r int<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>ible a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s (e.g. sof<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>are,<span class=\"_ _3\"></span>\u2026<span class=\"_ _3\"></span>) acq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d by th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up th<span class=\"_ _4\"></span>at have \ufb01ni<span class=\"_ _4\"></span>te us<span class=\"_ _4\"></span>efu<span class=\"_ _4\"></span>l lives a<span class=\"_ _4\"></span>re mea<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>ed at co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t</div>\n<div class=\"t m1ba x1 hb y61 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">les<span class=\"_ _4\"></span>s ac<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>mulat<span class=\"_ _4\"></span>ed am<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns an<span class=\"_ _4\"></span>d acc<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ulate<span class=\"_ _4\"></span>d imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es. T<span class=\"_ _4\"></span>he a<span class=\"_ _4\"></span>mor<span class=\"_ _7\"></span>tis<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on is r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnize<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he pr<span class=\"_ _4\"></span>o\ufb01t or<span class=\"_ _4\"></span> </div>\n<div class=\"t m1bb x1 hb y77 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">los<span class=\"_ _4\"></span>s s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>teme<span class=\"_ _4\"></span>nt, an<span class=\"_ _4\"></span>d is s<span class=\"_ _4\"></span>prea<span class=\"_ _4\"></span>d over th<span class=\"_ _4\"></span>e use<span class=\"_ _4\"></span>ful li<span class=\"_ _4\"></span>fe of t<span class=\"_ _4\"></span>he rele<span class=\"_ _4\"></span>vant i<span class=\"_ _4\"></span>nta<span class=\"_ _4\"></span>ngib<span class=\"_ _4\"></span>le as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s follow<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>aig<span class=\"_ _4\"></span>ht-lin<span class=\"_ _4\"></span>e dep<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m1bc x1 hb y63 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">ciat<span class=\"_ _4\"></span>ion m<span class=\"_ _4\"></span>eth<span class=\"_ _4\"></span>od. T<span class=\"_ _4\"></span>he am<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>iza<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n st<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>s fro<span class=\"_ _4\"></span>m th<span class=\"_ _4\"></span>e date t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>hey are av<span class=\"_ _4\"></span>ailab<span class=\"_ _4\"></span>le for u<span class=\"_ _4\"></span>se. A<span class=\"_ _4\"></span>mor<span class=\"_ _7\"></span>tiz<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>ds, u<span class=\"_ _4\"></span>sef<span class=\"_ _4\"></span>ul</div>\n<div class=\"t m8 x1 hb y64 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">live<span class=\"_ _4\"></span>s and re<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>dual v<span class=\"_ _4\"></span>alue<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>viewe<span class=\"_ _4\"></span>d at ea<span class=\"_ _4\"></span>ch \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al year-<span class=\"_ _4\"></span>end a<span class=\"_ _4\"></span>nd ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d if ap<span class=\"_ _4\"></span>pro<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>iate.</div>\n<div class=\"t m1bd x1 hb y65 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Int<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>ible a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s wi<span class=\"_ _4\"></span>th an i<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>e\ufb01nit<span class=\"_ _4\"></span>e use<span class=\"_ _4\"></span>ful li<span class=\"_ _4\"></span>fe or t<span class=\"_ _4\"></span>hat are n<span class=\"_ _4\"></span>ot yet avail<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e for us<span class=\"_ _4\"></span>e, are sub<span class=\"_ _4\"></span>jec<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>o an ann<span class=\"_ _4\"></span>ual im<span class=\"_ _4\"></span>pair<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y79 ff1 fs9 fc2 sc0 ls17 ws2c\" style=\"z-index: 15;\">ment tes<span class=\"_ _4\"></span>t.</div>\n<div class=\"t m0 x1 h6 y1e0 ff2 fs4 fc1 sc0 ls4d ws53\" style=\"z-index: 15;\">Subsequent<span class=\"_ _1\"></span> expenditure</div>\n<div class=\"t m31 x1 hb y69 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Sub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>ent ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e is c<span class=\"_ _4\"></span>api<span class=\"_ _4\"></span>tal<span class=\"_ _4\"></span>ized o<span class=\"_ _4\"></span>nly w<span class=\"_ _4\"></span>hen i<span class=\"_ _4\"></span>t inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>es t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>utu<span class=\"_ _4\"></span>re ec<span class=\"_ _4\"></span>ono<span class=\"_ _4\"></span>mic b<span class=\"_ _4\"></span>ene\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s emb<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>ied i<span class=\"_ _4\"></span>n the s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ci\ufb01<span class=\"_ _4\"></span>c</div>\n<div class=\"t m8 x1 hb y6a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>o whic<span class=\"_ _4\"></span>h it re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>s. All o<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r ex<span class=\"_ _4\"></span>pen<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ure i<span class=\"_ _4\"></span>s rec<span class=\"_ _4\"></span>ogni<span class=\"_ _4\"></span>zed in p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>t or los<span class=\"_ _4\"></span>s as i<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>red.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 212px; height: 449px; width: 88%; z-index: 5;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 212px; height: 647px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 690px; height: 169px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 212px; height: 919px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 xe h13 y42 ff3 fs4 fc0 sc0 ls4e ws54\" style=\"z-index: 15;\">F.<span class=\"_ _7\"></span> <span class=\"_ _c9\"> </span><span class=\"ls48 ws4c\">PROP<span class=\"_ _3\"></span>ERT<span class=\"_ _4\"></span>Y<span class=\"_ _1\"></span>, P<span class=\"_ _1\"></span>L<span class=\"_ _4\"></span>ANT AND EQUIP<span class=\"_ _1\"></span>MENT</span></div>\n<div class=\"t m0 xe h6 y1ba ff2 fs4 fc1 sc0 ls2e ws4f\" style=\"z-index: 15;\">Owned ass<span class=\"_ _3\"></span>ets</div>\n<div class=\"t m141 xe hb y80 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Ite<span class=\"_ _4\"></span>ms of pr<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y, plant an<span class=\"_ _4\"></span>d eq<span class=\"_ _4\"></span>uip<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t are s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ated a<span class=\"_ _4\"></span>t cos<span class=\"_ _4\"></span>t, w<span class=\"_ _4\"></span>hich i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>s ca<span class=\"_ _4\"></span>pit<span class=\"_ _4\"></span>ali<span class=\"_ _4\"></span>sed b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s, les<span class=\"_ _4\"></span>s ac<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1be xe hb y81 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">mula<span class=\"_ _4\"></span>ted d<span class=\"_ _4\"></span>epr<span class=\"_ _4\"></span>eci<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n and i<span class=\"_ _4\"></span>mpai<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ment l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s. Co<span class=\"_ _4\"></span>st i<span class=\"_ _4\"></span>ncl<span class=\"_ _4\"></span>ude<span class=\"_ _4\"></span>s ex<span class=\"_ _4\"></span>pen<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ure t<span class=\"_ _4\"></span>hat is d<span class=\"_ _4\"></span>ire<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tly a<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ble t<span class=\"_ _4\"></span>o the a<span class=\"_ _4\"></span>cqui<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y82 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">sit<span class=\"_ _4\"></span>ion of t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et an<span class=\"_ _4\"></span>d to br<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t to the l<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on an<span class=\"_ _4\"></span>d con<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ion ne<span class=\"_ _4\"></span>ces<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y f<span class=\"_ _4\"></span>or it<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>nten<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d use. T<span class=\"_ _4\"></span>he cos<span class=\"_ _4\"></span>t</div>\n<div class=\"t m1bf xe hb y83 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">of se<span class=\"_ _4\"></span>lf-<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s incl<span class=\"_ _4\"></span>ud<span class=\"_ _4\"></span>es th<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t of ma<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>ials an<span class=\"_ _4\"></span>d dire<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t la<span class=\"_ _4\"></span>bor<span class=\"_ _3\"></span>, any oth<span class=\"_ _4\"></span>er co<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>s d<span class=\"_ _4\"></span>irec<span class=\"_ _7\"></span>tly at<span class=\"_ _7\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ble t<span class=\"_ _4\"></span>o</div>\n<div class=\"t m8 xe hb y84 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">br<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t to a wor<span class=\"_ _4\"></span>k<span class=\"_ _4\"></span>ing co<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n for it<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>nten<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d use a<span class=\"_ _4\"></span>nd c<span class=\"_ _4\"></span>api<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>lized b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m8 xe hb y1e1 ff1 fs9 fc2 sc0 ls2 ws3b\" style=\"z-index: 15;\">Sub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>ent ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>es as<span class=\"_ _4\"></span>so<span class=\"_ _4\"></span>ciat<span class=\"_ _4\"></span>ed wi<span class=\"_ _4\"></span>th i<span class=\"_ _4\"></span>tems o<span class=\"_ _4\"></span>f pro<span class=\"_ _4\"></span>per<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>, plan<span class=\"_ _4\"></span>t and e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>pme<span class=\"_ _4\"></span>nt ar<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>pit<span class=\"_ _4\"></span>alis<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>nly i<span class=\"_ _4\"></span>f a fu<span class=\"_ _4\"></span>ture e<span class=\"_ _4\"></span>co</div>\n<div class=\"t m8 x3d hb y85 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m1c0 xe hb y86 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">nom<span class=\"_ _4\"></span>ic ad<span class=\"_ _4\"></span>vant<span class=\"_ _4\"></span>ag<span class=\"_ _4\"></span>e will re<span class=\"_ _4\"></span>sult f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m this e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>itu<span class=\"_ _4\"></span>re an<span class=\"_ _4\"></span>d it<span class=\"_ _4\"></span>s cos<span class=\"_ _4\"></span>t c<span class=\"_ _4\"></span>an b<span class=\"_ _4\"></span>e meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d reli<span class=\"_ _4\"></span>ably. If a par<span class=\"_ _7\"></span>t of an it<span class=\"_ _4\"></span>em of pr<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1c1 xe hb y87 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">er<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>, pl<span class=\"_ _4\"></span>ant an<span class=\"_ _4\"></span>d eq<span class=\"_ _4\"></span>uip<span class=\"_ _4\"></span>ment i<span class=\"_ _4\"></span>s rep<span class=\"_ _4\"></span>lace<span class=\"_ _4\"></span>d, the r<span class=\"_ _4\"></span>epl<span class=\"_ _4\"></span>ace<span class=\"_ _4\"></span>ment c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t is c<span class=\"_ _4\"></span>api<span class=\"_ _4\"></span>tal<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d and t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>ing a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e rep<span class=\"_ _4\"></span>lace<span class=\"_ _4\"></span>d</div>\n<div class=\"t m1c2 xe hb y8c ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">par<span class=\"_ _7\"></span>t is d<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d. Th<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s of t<span class=\"_ _4\"></span>he day-<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>day s<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ici<span class=\"_ _4\"></span>ng of pr<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _7\"></span>y<span class=\"_ _1\"></span>, pl<span class=\"_ _4\"></span>ant an<span class=\"_ _4\"></span>d eq<span class=\"_ _4\"></span>uip<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n the</div>\n<div class=\"t m8 xe hb y88 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>\ufb01t or lo<span class=\"_ _4\"></span>ss s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t as inc<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m1c3 xe hb y89 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s of a<span class=\"_ _4\"></span>n item of p<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>per<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>, p<span class=\"_ _4\"></span>lant a<span class=\"_ _4\"></span>nd e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>pme<span class=\"_ _4\"></span>nt have di<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>ent u<span class=\"_ _4\"></span>sef<span class=\"_ _4\"></span>ul live<span class=\"_ _4\"></span>s, th<span class=\"_ _4\"></span>ey are ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted f<span class=\"_ _4\"></span>or as s<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 xe hb y8a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ar<span class=\"_ _4\"></span>ate ite<span class=\"_ _4\"></span>ms (maj<span class=\"_ _4\"></span>or co<span class=\"_ _4\"></span>mpo<span class=\"_ _4\"></span>nen<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s) of pro<span class=\"_ _4\"></span>per<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>, plan<span class=\"_ _4\"></span>t and e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>pme<span class=\"_ _4\"></span>nt.</div>\n<div class=\"t m8 xe hb ydb ff1 fs9 fc2 sc0 ls2 ws55\" style=\"z-index: 15;\">De<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>ciat<span class=\"_ _4\"></span>ion is c<span class=\"_ _4\"></span>al<span class=\"_ _4\"></span>cula<span class=\"_ _4\"></span>ted ove<span class=\"_ _4\"></span>r the d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>iabl<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt, w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h is th<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t of a<span class=\"_ _4\"></span>n as<span class=\"_ _4\"></span>set, l<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s it<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>ual va<span class=\"_ _4\"></span>lue an<span class=\"_ _4\"></span>d is</div>\n<div class=\"t m8 xe hb y1e2 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ized i<span class=\"_ _4\"></span>n pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>.</div>\n\n<div class=\"t m1c4 xe hb y4a ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Vess<span class=\"_ _4\"></span>els, b<span class=\"_ _4\"></span>arg<span class=\"_ _4\"></span>es or u<span class=\"_ _4\"></span>nit<span class=\"_ _4\"></span>s in t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion p<span class=\"_ _4\"></span>roc<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s are s<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>ara<span class=\"_ _4\"></span>tely c<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed o<span class=\"_ _4\"></span>n the b<span class=\"_ _4\"></span>alan<span class=\"_ _4\"></span>ce s<span class=\"_ _4\"></span>heet a<span class=\"_ _4\"></span>s as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>er</div>\n<div class=\"t m1c5 xe hb y4b ff1 fs9 fc2 sc0 ls1f ws29\" style=\"z-index: 15;\">construc<span class=\"_ _4\"></span>tion<span class=\"_ _3\"></span>. These<span class=\"_ _1\"></span> as<span class=\"_ _4\"></span>sets under<span class=\"_ _3\"></span> construc<span class=\"_ _4\"></span>tion<span class=\"_ _3\"></span> are<span class=\"_ _3\"></span> not<span class=\"_ _1\"></span> depreciated<span class=\"_ _1\"></span>, depreciat<span class=\"_ _3\"></span>ion star<span class=\"_ _4\"></span>ts at<span class=\"_ _3\"></span> the mom<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span> that<span class=\"_ _3\"></span> the v<span class=\"_ _1\"></span>es<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y4c ff1 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">se<span class=\"_ _4\"></span>ls are d<span class=\"_ _4\"></span>elive<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>. As f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m the m<span class=\"_ _4\"></span>ome<span class=\"_ _4\"></span>nt of de<span class=\"_ _4\"></span>liver<span class=\"_ _7\"></span>y<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>els a<span class=\"_ _4\"></span>re no lo<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>r clas<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>i\ufb01e<span class=\"_ _4\"></span>d as un<span class=\"_ _4\"></span>der co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n. The</div>\n<div class=\"t m8 xe hb y1e3 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">bu<span class=\"_ _4\"></span>sine<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s mod<span class=\"_ _4\"></span>el of t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up ai<span class=\"_ _4\"></span>ms to re<span class=\"_ _4\"></span>nt or o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>ate t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _7\"></span>ted a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 773px; height: 69px; width: 90%; z-index: 4;\"><br/></div>\n\n\n<div class=\"t mc8 xe hb y4e ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e ves<span class=\"_ _4\"></span>sel<span class=\"_ _4\"></span>s are d<span class=\"_ _4\"></span>epr<span class=\"_ _4\"></span>eci<span class=\"_ _4\"></span>ated o<span class=\"_ _4\"></span>n a s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>aight-<span class=\"_ _4\"></span>line b<span class=\"_ _4\"></span>asi<span class=\"_ _4\"></span>s to th<span class=\"_ _4\"></span>eir re<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>ual val<span class=\"_ _4\"></span>ue over t<span class=\"_ _4\"></span>hei<span class=\"_ _4\"></span>r es<span class=\"_ _4\"></span>tim<span class=\"_ _4\"></span>ated u<span class=\"_ _4\"></span>sef<span class=\"_ _4\"></span>ul lif<span class=\"_ _4\"></span>e (as fro<span class=\"_ _4\"></span>m</div>\n<div class=\"t m8 xe hb y72 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on da<span class=\"_ _4\"></span>te) in th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p as fo<span class=\"_ _4\"></span>llow<span class=\"_ _4\"></span>s:</div>\n<div class=\"t m8 x3b hc y1e4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gas vessel LPG pressurized (1)<span class=\"_ _ca\"> </span>20<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1e5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gas vessel LPG<span class=\"_ _6a\"> </span>30<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1e6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gas vessel VLGC<span class=\"_ _cc\"> </span>30<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1e7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gas vessel LNG<span class=\"_ _cd\"> </span>35<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1e8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LNG units<span class=\"_ _2c\"> </span>30<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1e9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Accommodation platform, newbuild:</div>\n<div class=\"t m8 xc hc y1ea ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">- Hull machinery &amp; deck out\ufb01tting<span class=\"_ _ce\"> </span>20<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 xc hc y1eb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">- Accommodation<span class=\"_ _45\"> </span>10<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1ec ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Accommodation platform, second hand<span class=\"_ _cf\"> </span>10-12<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 xe h14 y1ed ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(1) <span class=\"_ _c7\"> </span>In June 2016, EXMAR increased its share in the pressurized \ufb02eet fr<span class=\"_ _1\"></span>om 50% to 100% and applied IFRS 3 Business combinations to account for this. The vessels</div>\n<div class=\"t m8 x3e h14 y1ee ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">were at that date accounted for at fair value and are being depr<span class=\"_ _3\"></span>eciated over their remaining useful life, which was 30 years as fr<span class=\"_ _3\"></span>om construction date, or on</div>\n<div class=\"t m8 x3e h14 y1ef ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">average a remaining term of 23 years. In 2020, management re-assessed the useful life and reduced it fr<span class=\"_ _3\"></span>om 30 to 20 years (as from construction date), or an</div>\n<div class=\"t m8 x3e h14 y1f0 ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">average remaining useful life of 10 years as from January 1, 2020.</div>\n<div class=\"t m8 xe hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Vess<span class=\"_ _4\"></span>els an<span class=\"_ _4\"></span>d bar<span class=\"_ _4\"></span>ges a<span class=\"_ _4\"></span>re es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d to have a zer<span class=\"_ _4\"></span>o res<span class=\"_ _4\"></span>idu<span class=\"_ _4\"></span>al val<span class=\"_ _4\"></span>ue.</div>\n<div class=\"t m8 xe hb y1b8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Dr<span class=\"_ _7\"></span>y-<span class=\"_ _4\"></span>do<span class=\"_ _4\"></span>ck<span class=\"_ _4\"></span>ing e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>pit<span class=\"_ _4\"></span>ali<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>ey occ<span class=\"_ _4\"></span>ur an<span class=\"_ _4\"></span>d de<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>ciat<span class=\"_ _4\"></span>ed over a p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod u<span class=\"_ _4\"></span>ntil t<span class=\"_ _4\"></span>he ne<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>t dr<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>do<span class=\"_ _4\"></span>ck.</div>\n<div class=\"t m1c6 xe hb y5f ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">O<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r pro<span class=\"_ _4\"></span>per<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>, plan<span class=\"_ _4\"></span>t and e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>pme<span class=\"_ _4\"></span>nt are d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>iated ov<span class=\"_ _4\"></span>er th<span class=\"_ _4\"></span>eir es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d use<span class=\"_ _4\"></span>ful l<span class=\"_ _4\"></span>ife us<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>aigh<span class=\"_ _4\"></span>t-line d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y60 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ciat<span class=\"_ _4\"></span>ion m<span class=\"_ _4\"></span>eth<span class=\"_ _4\"></span>od. L<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>d is not d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m8 xe hb y74 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e es<span class=\"_ _4\"></span>tim<span class=\"_ _4\"></span>ated u<span class=\"_ _4\"></span>sef<span class=\"_ _4\"></span>ul li<span class=\"_ _4\"></span>ves of t<span class=\"_ _4\"></span>he var<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>us ot<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>s of as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>re as fo<span class=\"_ _4\"></span>llow<span class=\"_ _4\"></span>s:</div>\n<div class=\"t m8 x3b hc y1f1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Buildings<span class=\"_ _d0\"> </span>33.3<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1f2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Leased real estate<span class=\"_ _d1\"> </span>33.3<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1f3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Plant and equipment<span class=\"_ _d2\"> </span>5<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1f4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Furniture<span class=\"_ _3c\"> </span>10<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1f5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cars<span class=\"_ _d3\"> </span>5<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1f6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Airplane<span class=\"_ _d4\"> </span>10<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1f7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">IT equipment<span class=\"_ _d5\"> </span>3<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 267px; height: 509px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 267px; height: 872px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 267px; height: 872px; 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 class=\"t m0 x1 h13 y42 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">G. <span class=\"_ _d6\"> </span><span class=\"ls4f ws56\">IMP<span class=\"_ _1\"></span>AIRMENT OF ASSETS</span></div>\n\n<div class=\"t m0 x1 h6 y1ba ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Financial assets</div>\n<div class=\"t m1c7 x1 hb y80 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">Fina<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s m<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ured a<span class=\"_ _4\"></span>t amo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d cos<span class=\"_ _4\"></span>t are a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ed eac<span class=\"_ _4\"></span>h re<span class=\"_ _4\"></span>por<span class=\"_ _7\"></span>ti<span class=\"_ _4\"></span>ng date t<span class=\"_ _4\"></span>o dete<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>mine w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>it ri<span class=\"_ _4\"></span>sk</div>\n<div class=\"t m1c8 x1 hb y81 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">of a \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l as<span class=\"_ _4\"></span>set ha<span class=\"_ _4\"></span>s inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>ed s<span class=\"_ _4\"></span>igni<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>antl<span class=\"_ _4\"></span>y sinc<span class=\"_ _4\"></span>e init<span class=\"_ _4\"></span>ial re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on. Th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>s a los<span class=\"_ _4\"></span>s all<span class=\"_ _4\"></span>owan<span class=\"_ _4\"></span>ce for</div>\n<div class=\"t m8 x1 hb y82 ff1 fs9 fc2 sc0 ls2 ws24\" style=\"z-index: 15;\">ex<span class=\"_ _4\"></span>pec<span class=\"_ _7\"></span>ted c<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>dit lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es (<span class=\"_ _4\"></span>ECL<span class=\"_ _2\"></span>\u2019s) whic<span class=\"_ _4\"></span>h is bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e dif<span class=\"_ _7\"></span>fere<span class=\"_ _4\"></span>nce b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>we<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ual c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s due i<span class=\"_ _4\"></span>n acc<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m1c9 x1 hb y83 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">anc<span class=\"_ _4\"></span>e wit<span class=\"_ _4\"></span>h the c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t and a<span class=\"_ _4\"></span>ll the c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s tha<span class=\"_ _4\"></span>t the Gr<span class=\"_ _4\"></span>oup e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s to r<span class=\"_ _4\"></span>ecei<span class=\"_ _4\"></span>ve, disco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d at an a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>roxi<span class=\"_ _4\"></span>matio<span class=\"_ _4\"></span>n of</div>\n<div class=\"t mc6 x1 hb y84 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">the o<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ginal e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>tive i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>st r<span class=\"_ _4\"></span>ate. T<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s will i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s fro<span class=\"_ _4\"></span>m the s<span class=\"_ _4\"></span>ale o<span class=\"_ _4\"></span>f collat<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>al hel<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 x1 hb y85 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">or ot<span class=\"_ _4\"></span>her c<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>it en<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>cem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>hat are a<span class=\"_ _4\"></span>n inte<span class=\"_ _4\"></span>gr<span class=\"_ _4\"></span>al par<span class=\"_ _7\"></span>t of t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t te<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ms.</div>\n<div class=\"t m1ca x1 hb y86 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">In de<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>mini<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e cre<span class=\"_ _4\"></span>dit r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k of a \ufb01nan<span class=\"_ _4\"></span>cial a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et an<span class=\"_ _4\"></span>d whe<span class=\"_ _4\"></span>n es<span class=\"_ _4\"></span>tim<span class=\"_ _4\"></span>atin<span class=\"_ _4\"></span>g the ECL<span class=\"_ _1\"></span>\u2019<span class=\"_ _3\"></span>s, the Gr<span class=\"_ _4\"></span>oup c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>rs r<span class=\"_ _4\"></span>easo<span class=\"_ _4\"></span>nab<span class=\"_ _4\"></span>le</div>\n<div class=\"t m1cb x1 hb y87 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">and s<span class=\"_ _4\"></span>up<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e info<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n tha<span class=\"_ _4\"></span>t is rel<span class=\"_ _4\"></span>evan<span class=\"_ _4\"></span>t and av<span class=\"_ _4\"></span>ailab<span class=\"_ _4\"></span>le wi<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>ut u<span class=\"_ _4\"></span>ndu<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t or e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>for<span class=\"_ _7\"></span>t. T<span class=\"_ _4\"></span>his in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>s bot<span class=\"_ _4\"></span>h qua<span class=\"_ _4\"></span>n<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1cc x1 hb y8c ff1 fs9 fc2 sc0 ls1f ws2d\" style=\"z-index: 15;\">titative and qua<span class=\"_ _3\"></span>litative in<span class=\"_ _3\"></span>formation and an<span class=\"_ _3\"></span>alysis,<span class=\"_ _3\"></span> based on the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>s historic<span class=\"_ _4\"></span>al e<span class=\"_ _3\"></span>xper<span class=\"_ _4\"></span>ience and<span class=\"_ _3\"></span> informed credit</div>\n<div class=\"t m8 x1 hb y88 ff1 fs9 fc2 sc0 ls28 ws1a\" style=\"z-index: 15;\">asse<span class=\"_ _4\"></span>ssment and including for<span class=\"_ _4\"></span>ward-<span class=\"_ _4\"></span>looking information.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 905px; height: 193px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x1 h6 y1f8 ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Equity account<span class=\"_ _3\"></span>ed in<span class=\"_ _3\"></span>vestees</div>\n<div class=\"t m1cd x1 hb y8b ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Af<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r app<span class=\"_ _4\"></span>lic<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n of th<span class=\"_ _4\"></span>e eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y m<span class=\"_ _4\"></span>eth<span class=\"_ _4\"></span>od, th<span class=\"_ _4\"></span>e enti<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y de<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>mine<span class=\"_ _4\"></span>s wh<span class=\"_ _4\"></span>eth<span class=\"_ _4\"></span>er it is n<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>y to re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise a<span class=\"_ _4\"></span>n imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt</div>\n<div class=\"t m8 x1 hb y4a ff1 fs9 fc2 sc0 ls2 ws55\" style=\"z-index: 15;\">los<span class=\"_ _4\"></span>s wi<span class=\"_ _4\"></span>th re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _7\"></span>t to it<span class=\"_ _4\"></span>s net i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent i<span class=\"_ _4\"></span>n the a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>iate or jo<span class=\"_ _4\"></span>int ve<span class=\"_ _4\"></span>ntur<span class=\"_ _4\"></span>e. An im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>m<span class=\"_ _4\"></span>ent lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s in res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t of an e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y</div>\n<div class=\"t m1ce x1 hb y4b ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ee is m<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>red b<span class=\"_ _4\"></span>y com<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>cover<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le am<span class=\"_ _4\"></span>ount o<span class=\"_ _4\"></span>f the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent wi<span class=\"_ _4\"></span>th i<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt.<span class=\"_ _4\"></span> </div>\n<div class=\"t m1cf x1 hb y4c ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">An i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>ir<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t los<span class=\"_ _4\"></span>s is re<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n pro\ufb01<span class=\"_ _4\"></span>t and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d is rever<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ed w<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>n the<span class=\"_ _4\"></span>re is a f<span class=\"_ _4\"></span>avour<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le c<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>e in t<span class=\"_ _4\"></span>he es<span class=\"_ _4\"></span>ti</div>\n<div class=\"t m36 x14 hb y4c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y4d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">mate<span class=\"_ _4\"></span>s use<span class=\"_ _4\"></span>d to d<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>min<span class=\"_ _4\"></span>e th<span class=\"_ _4\"></span>e recove<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ble a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt.</div>\n\n<div class=\"t m0 x1 h6 y1b1 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Non-\ufb01<span class=\"_ _4\"></span>nancial ass<span class=\"_ _4\"></span>ets</div>\n<div class=\"t m1d0 x1 hb y50 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e car<span class=\"_ _4\"></span>r<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g valu<span class=\"_ _4\"></span>e of non<span class=\"_ _4\"></span>-\ufb01n<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts<span class=\"_ _4\"></span>, othe<span class=\"_ _4\"></span>r tha<span class=\"_ _4\"></span>n def<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>red t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s, a<span class=\"_ _4\"></span>re revi<span class=\"_ _4\"></span>ewe<span class=\"_ _4\"></span>d at eac<span class=\"_ _4\"></span>h bala<span class=\"_ _4\"></span>nce s<span class=\"_ _4\"></span>hee<span class=\"_ _4\"></span>t date</div>\n<div class=\"t m1d1 x1 hb y51 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">to de<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>min<span class=\"_ _4\"></span>e whe<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>ere is a<span class=\"_ _4\"></span>n ind<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n of imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt. If a<span class=\"_ _4\"></span>ny suc<span class=\"_ _4\"></span>h in<span class=\"_ _4\"></span>dic<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n ex<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s, the a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>\u2019s recove<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ble</div>\n<div class=\"t m8 x1 hb y52 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amo<span class=\"_ _4\"></span>unt i<span class=\"_ _4\"></span>s es<span class=\"_ _4\"></span>tim<span class=\"_ _4\"></span>ated.</div>\n<div class=\"t m1d2 x1 hb y53 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">For g<span class=\"_ _4\"></span>ood<span class=\"_ _4\"></span>will a<span class=\"_ _4\"></span>nd in<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ngib<span class=\"_ _4\"></span>le as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>hat have i<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>\ufb01nite l<span class=\"_ _4\"></span>ives o<span class=\"_ _4\"></span>r that a<span class=\"_ _4\"></span>re not yet av<span class=\"_ _4\"></span>ailab<span class=\"_ _4\"></span>le fo<span class=\"_ _4\"></span>r use t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>cover<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le</div>\n<div class=\"t m8 x1 hb y54 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amo<span class=\"_ _4\"></span>unt i<span class=\"_ _4\"></span>s es<span class=\"_ _4\"></span>tim<span class=\"_ _4\"></span>ated o<span class=\"_ _4\"></span>n eac<span class=\"_ _4\"></span>h bala<span class=\"_ _4\"></span>nce s<span class=\"_ _4\"></span>hee<span class=\"_ _4\"></span>t date.</div>\n<div class=\"t m1d3 x1 hb y73 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">The r<span class=\"_ _4\"></span>ecove<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ble a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt of an as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t or c<span class=\"_ _4\"></span>ash<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ng uni<span class=\"_ _4\"></span>t (CGU) is th<span class=\"_ _4\"></span>e grea<span class=\"_ _4\"></span>ter of it<span class=\"_ _4\"></span>s v<span class=\"_ _4\"></span>alue i<span class=\"_ _4\"></span>n use a<span class=\"_ _4\"></span>nd it<span class=\"_ _4\"></span>s f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue</div>\n<div class=\"t m1d4 x1 hb y55 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">les<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ts t<span class=\"_ _4\"></span>o sel<span class=\"_ _4\"></span>l. In as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ing v<span class=\"_ _4\"></span>alue i<span class=\"_ _4\"></span>n use, th<span class=\"_ _4\"></span>e es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d fu<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>sh \ufb02o<span class=\"_ _4\"></span>ws ar<span class=\"_ _4\"></span>e dis<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted t<span class=\"_ _4\"></span>o the<span class=\"_ _4\"></span>ir pr<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>nt val<span class=\"_ _4\"></span>ue us<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1d5 x1 hb y56 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">ing a p<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>-t<span class=\"_ _4\"></span>ax d<span class=\"_ _4\"></span>isc<span class=\"_ _4\"></span>ount r<span class=\"_ _4\"></span>ate t<span class=\"_ _4\"></span>hat r<span class=\"_ _4\"></span>e\ufb02ec<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>s cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nt mar<span class=\"_ _4\"></span>ket as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>sme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s of t<span class=\"_ _4\"></span>he tim<span class=\"_ _4\"></span>e valu<span class=\"_ _4\"></span>e of mo<span class=\"_ _4\"></span>ney an<span class=\"_ _4\"></span>d the r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ci\ufb01c<span class=\"_ _4\"></span> </div>\n<div class=\"t m1d6 x1 hb y57 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">to th<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>. For t<span class=\"_ _4\"></span>he pu<span class=\"_ _4\"></span>rp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>e of im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt te<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ing, as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s tha<span class=\"_ _4\"></span>t ca<span class=\"_ _4\"></span>nnot b<span class=\"_ _4\"></span>e tes<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d in<span class=\"_ _4\"></span>div<span class=\"_ _4\"></span>idua<span class=\"_ _4\"></span>lly are g<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>d tog<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>her</div>\n<div class=\"t m1d7 x1 hb y58 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">into t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>malle<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t gro<span class=\"_ _4\"></span>up of as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s tha<span class=\"_ _4\"></span>t gen<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ates c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h in\ufb02<span class=\"_ _4\"></span>ows f<span class=\"_ _4\"></span>rom c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>inui<span class=\"_ _4\"></span>ng us<span class=\"_ _4\"></span>e tha<span class=\"_ _4\"></span>t are lar<span class=\"_ _4\"></span>gel<span class=\"_ _4\"></span>y ind<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>ent o<span class=\"_ _4\"></span>f</div>\n<div class=\"t m8 x1 hb y59 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>sh in\ufb02<span class=\"_ _4\"></span>ows o<span class=\"_ _4\"></span>f othe<span class=\"_ _4\"></span>r as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>r CGUs.</div>\n<div class=\"t m8 x1 hb y1f9 ff1 fs9 fc2 sc0 ls2 ws12\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e goo<span class=\"_ _4\"></span>dw<span class=\"_ _4\"></span>ill acq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d in a b<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>mbi<span class=\"_ _4\"></span>nati<span class=\"_ _4\"></span>on, for t<span class=\"_ _4\"></span>he pu<span class=\"_ _4\"></span>rp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>e of im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt tes<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing, is all<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d to c<span class=\"_ _4\"></span>ash<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 x14 hb y5a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y5b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">er<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ng uni<span class=\"_ _4\"></span>ts t<span class=\"_ _4\"></span>hat a<span class=\"_ _4\"></span>re ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted t<span class=\"_ _4\"></span>o ben<span class=\"_ _4\"></span>e\ufb01t f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>yn<span class=\"_ _4\"></span>ergi<span class=\"_ _4\"></span>es of t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>mbin<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n.</div>\n<div class=\"t m1bc x1 hb y5c ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">An i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>ir<span class=\"_ _4\"></span>ment l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d if t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>yi<span class=\"_ _4\"></span>ng am<span class=\"_ _4\"></span>ount o<span class=\"_ _4\"></span>f an as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t or it<span class=\"_ _4\"></span>s c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h-<span class=\"_ _4\"></span>g<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ing u<span class=\"_ _4\"></span>nit exce<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>s it<span class=\"_ _4\"></span>s es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mat<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ed re<span class=\"_ _4\"></span>cove<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ble am<span class=\"_ _4\"></span>ou<span class=\"_ _4\"></span>nt. Al<span class=\"_ _4\"></span>l imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t los<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n the p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent.</div>\n<div class=\"t m1d8 x1 hb y5e ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d in res<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t of c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h-<span class=\"_ _4\"></span>g<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ting u<span class=\"_ _4\"></span>nit<span class=\"_ _4\"></span>s are a<span class=\"_ _4\"></span>lloc<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d \ufb01r<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t to re<span class=\"_ _4\"></span>duc<span class=\"_ _4\"></span>e the c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>ing a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt</div>\n<div class=\"t m10 x1 hb y5f ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">of any go<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>will al<span class=\"_ _4\"></span>loc<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e unit<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>en to re<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>ce th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _4\"></span>ng amo<span class=\"_ _4\"></span>unt of t<span class=\"_ _4\"></span>he ot<span class=\"_ _4\"></span>her a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s in t<span class=\"_ _4\"></span>he uni<span class=\"_ _4\"></span>t (g<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p</div>\n<div class=\"t m8 x1 hb y60 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of uni<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s) on a pro r<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>a ba<span class=\"_ _4\"></span>sis<span class=\"_ _4\"></span>.</div>\n<div class=\"t m136 x1 hb y75 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">An i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>ir<span class=\"_ _4\"></span>ment l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s in re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t of g<span class=\"_ _4\"></span>oo<span class=\"_ _4\"></span>dwi<span class=\"_ _4\"></span>ll is not re<span class=\"_ _4\"></span>ver<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d. In re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t of ot<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>r as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s, i<span class=\"_ _4\"></span>mpai<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>ent lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ses i<span class=\"_ _4\"></span>n pr<span class=\"_ _4\"></span>ior p<span class=\"_ _4\"></span>e<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1d9 x1 hb y76 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">ri<span class=\"_ _4\"></span>ods a<span class=\"_ _4\"></span>re as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>t each r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing da<span class=\"_ _4\"></span>te for in<span class=\"_ _4\"></span>dic<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ons t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he los<span class=\"_ _4\"></span>s has d<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>r no lon<span class=\"_ _4\"></span>ger ex<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s. A<span class=\"_ _4\"></span>n im<span class=\"_ _4\"></span>pair<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1da x1 hb y61 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t los<span class=\"_ _4\"></span>s is reve<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>sed i<span class=\"_ _4\"></span>f th<span class=\"_ _4\"></span>ere has b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n a cha<span class=\"_ _4\"></span>nge i<span class=\"_ _4\"></span>n the e<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>es us<span class=\"_ _4\"></span>ed to d<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>ne th<span class=\"_ _4\"></span>e rec<span class=\"_ _4\"></span>over<span class=\"_ _4\"></span>able a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt. A<span class=\"_ _4\"></span>n</div>\n<div class=\"t m1db x1 hb y77 ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s is r<span class=\"_ _4\"></span>ever<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d onl<span class=\"_ _4\"></span>y to th<span class=\"_ _4\"></span>e ex<span class=\"_ _4\"></span>tent t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>\u2019s car<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>ing am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>t doe<span class=\"_ _4\"></span>s not exc<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>d the c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>ing a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt</div>\n<div class=\"t m1dc x1 hb y63 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">tha<span class=\"_ _4\"></span>t woul<span class=\"_ _4\"></span>d have be<span class=\"_ _4\"></span>en de<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>min<span class=\"_ _4\"></span>ed, net of d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>iatio<span class=\"_ _4\"></span>n or am<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n, if no im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s ha<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>en re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 344px; height: 408px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 344px; height: 795px; width: 92%; z-index: 3;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x1 h13 y79 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">H. <span class=\"_ _d6\"> </span>A<span class=\"_ _4\"></span>SSETS HELD FOR SALE</div>\n<div class=\"t m1dd x1 hb y67 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">Non<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ent as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s, or di<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>al gro<span class=\"_ _4\"></span>ups c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>sing a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liab<span class=\"_ _4\"></span>ilitie<span class=\"_ _4\"></span>s, th<span class=\"_ _4\"></span>at are ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to be r<span class=\"_ _4\"></span>ecover<span class=\"_ _4\"></span>ed p<span class=\"_ _4\"></span>rim<span class=\"_ _4\"></span>ari<span class=\"_ _4\"></span>ly</div>\n<div class=\"t m1de x1 hb y68 ff1 fs9 fc2 sc0 ls20 wsc\" style=\"z-index: 15;\">thr<span class=\"_ _4\"></span>oug<span class=\"_ _4\"></span>h sal<span class=\"_ _4\"></span>e ra<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r tha<span class=\"_ _4\"></span>n thr<span class=\"_ _4\"></span>oug<span class=\"_ _4\"></span>h cont<span class=\"_ _4\"></span>inui<span class=\"_ _4\"></span>ng us<span class=\"_ _4\"></span>e, are clas<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed a<span class=\"_ _4\"></span>s hel<span class=\"_ _4\"></span>d for s<span class=\"_ _4\"></span>ale. Imm<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>ately b<span class=\"_ _4\"></span>efo<span class=\"_ _4\"></span>re cla<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>i\ufb01c<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on as h<span class=\"_ _4\"></span>eld</div>\n<div class=\"t m11e x1 hb y69 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">for s<span class=\"_ _4\"></span>ale, the a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s (or co<span class=\"_ _4\"></span>mpo<span class=\"_ _4\"></span>nen<span class=\"_ _4\"></span>ts o<span class=\"_ _4\"></span>f a dis<span class=\"_ _4\"></span>pos<span class=\"_ _4\"></span>al gr<span class=\"_ _4\"></span>oup) ar<span class=\"_ _4\"></span>e rem<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>red i<span class=\"_ _4\"></span>n acco<span class=\"_ _4\"></span>rda<span class=\"_ _4\"></span>nce wi<span class=\"_ _4\"></span>th t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up\u2019<span class=\"_ _1\"></span>s ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>g</div>\n<div class=\"t m1df x1 hb y6a ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">po<span class=\"_ _4\"></span>licie<span class=\"_ _4\"></span>s. Th<span class=\"_ _4\"></span>erea<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>ter t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s (or dis<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sal g<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p) are meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at t<span class=\"_ _4\"></span>he lowe<span class=\"_ _4\"></span>r of th<span class=\"_ _4\"></span>eir c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>yi<span class=\"_ _4\"></span>ng am<span class=\"_ _4\"></span>ount a<span class=\"_ _4\"></span>nd f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue</div>\n<div class=\"t m1e0 x1 hb y7b ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">les<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>st t<span class=\"_ _4\"></span>o sell. A<span class=\"_ _4\"></span>ny im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt lo<span class=\"_ _4\"></span>ss o<span class=\"_ _4\"></span>n a dis<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sal g<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p is allo<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>ted \ufb01r<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t to g<span class=\"_ _4\"></span>ood<span class=\"_ _4\"></span>will, an<span class=\"_ _4\"></span>d the<span class=\"_ _4\"></span>n to t<span class=\"_ _4\"></span>he rem<span class=\"_ _4\"></span>ainin<span class=\"_ _4\"></span>g</div>\n<div class=\"t m8 x1 hb y6b ff1 fs9 fc2 sc0 ls2 ws3b\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>ies o<span class=\"_ _4\"></span>n a pro r<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>a ba<span class=\"_ _4\"></span>sis exc<span class=\"_ _4\"></span>ept t<span class=\"_ _4\"></span>hat no l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s is all<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d to as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s n<span class=\"_ _4\"></span>ot in th<span class=\"_ _4\"></span>e meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt sco<span class=\"_ _4\"></span>pe o<span class=\"_ _4\"></span>f</div>\n<div class=\"t m1e1 x1 hb y6c ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">IFRS 5, whi<span class=\"_ _4\"></span>ch co<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>ue to b<span class=\"_ _4\"></span>e meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d in ac<span class=\"_ _4\"></span>cor<span class=\"_ _4\"></span>dan<span class=\"_ _4\"></span>ce wi<span class=\"_ _4\"></span>th t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up\u2019<span class=\"_ _1\"></span>s ot<span class=\"_ _4\"></span>her a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng po<span class=\"_ _4\"></span>licie<span class=\"_ _4\"></span>s. I<span class=\"_ _4\"></span>nta<span class=\"_ _4\"></span>ngib<span class=\"_ _4\"></span>le as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s</div>\n<div class=\"t m1e2 x1 hb y6d ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">and p<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>per<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>, plan<span class=\"_ _4\"></span>t and e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>pm<span class=\"_ _4\"></span>ent o<span class=\"_ _4\"></span>nce cl<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>si\ufb01<span class=\"_ _4\"></span>ed as h<span class=\"_ _4\"></span>eld fo<span class=\"_ _4\"></span>r sa<span class=\"_ _4\"></span>le or di<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n are no<span class=\"_ _4\"></span>t amo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d or de<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>ecia<span class=\"_ _4\"></span>ted.</div>\n<div class=\"t m1e3 x1 hb y6e ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">In ad<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ion, e<span class=\"_ _4\"></span>quit<span class=\"_ _7\"></span>y acco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng of e<span class=\"_ _4\"></span>quit<span class=\"_ _7\"></span>y acco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es cea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s once c<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed as h<span class=\"_ _4\"></span>eld fo<span class=\"_ _4\"></span>r sal<span class=\"_ _4\"></span>e or dis<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>but<span class=\"_ _4\"></span>ion.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 129px; height: 185px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 129px; height: 185px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 129px; height: 1010px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 xe h13 y42 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">I. <span class=\"_ _13\"> </span><span class=\"ls4c ws52\">INVENTOR<span class=\"_ _4\"></span>IES</span></div>\n<div class=\"t m8 xe hb y7f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Inven<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>ies ar<span class=\"_ _4\"></span>e valu<span class=\"_ _4\"></span>ed at t<span class=\"_ _4\"></span>he lo<span class=\"_ _4\"></span>wer of co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t and n<span class=\"_ _4\"></span>et reali<span class=\"_ _4\"></span>sa<span class=\"_ _4\"></span>ble v<span class=\"_ _4\"></span>alue.</div>\n<div class=\"t m8 xe hb y1fa ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Co<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>ncu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ed in b<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ngin<span class=\"_ _4\"></span>g eac<span class=\"_ _4\"></span>h pro<span class=\"_ _4\"></span>duc<span class=\"_ _7\"></span>t to it<span class=\"_ _4\"></span>s p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ent lo<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n and c<span class=\"_ _4\"></span>ond<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n are a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d for<span class=\"_ _1\"></span>, a<span class=\"_ _4\"></span>s foll<span class=\"_ _4\"></span>ows:</div>\n<div class=\"t m8 xe hb y1fb ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Raw mat<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ials an<span class=\"_ _4\"></span>d go<span class=\"_ _4\"></span>od p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>ed fo<span class=\"_ _4\"></span>r res<span class=\"_ _4\"></span>ale: pu<span class=\"_ _4\"></span>rch<span class=\"_ _4\"></span>ase c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t on a \ufb01r<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t-in<span class=\"_ _4\"></span>/\ufb01r<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t-o<span class=\"_ _4\"></span>ut ba<span class=\"_ _4\"></span>sis;</div>\n<div class=\"t m8 xe hb y1fc ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m1e4 x3f hb y81 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">Wor<span class=\"_ _4\"></span>k in pro<span class=\"_ _4\"></span>gre<span class=\"_ _4\"></span>ss a<span class=\"_ _4\"></span>nd \ufb01ni<span class=\"_ _4\"></span>she<span class=\"_ _4\"></span>d go<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>s: cos<span class=\"_ _4\"></span>t of di<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>t ma<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>ial an<span class=\"_ _4\"></span>d lab<span class=\"_ _4\"></span>or an<span class=\"_ _4\"></span>d a pro<span class=\"_ _4\"></span>por<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of man<span class=\"_ _4\"></span>uf<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ng over<span class=\"ws2\">-</span></div>\n<div class=\"t m8 x3f hb y82 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">hea<span class=\"_ _4\"></span>ds ba<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d on t<span class=\"_ _4\"></span>he nor<span class=\"_ _4\"></span>m<span class=\"_ _4\"></span>al op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atin<span class=\"_ _4\"></span>g ca<span class=\"_ _4\"></span>pac<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y b<span class=\"_ _4\"></span>ut excl<span class=\"_ _4\"></span>udi<span class=\"_ _4\"></span>ng bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owi<span class=\"_ _4\"></span>ng cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m1e5 xe hb y83 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Net r<span class=\"_ _4\"></span>ealiz<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e val<span class=\"_ _4\"></span>ue is t<span class=\"_ _4\"></span>he es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d sel<span class=\"_ _4\"></span>ling p<span class=\"_ _4\"></span>ric<span class=\"_ _4\"></span>e in th<span class=\"_ _4\"></span>e ord<span class=\"_ _4\"></span>inar<span class=\"_ _7\"></span>y co<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>se of b<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s le<span class=\"_ _4\"></span>ss t<span class=\"_ _4\"></span>he e<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>ed co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ts o<span class=\"_ _4\"></span>f</div>\n<div class=\"t m8 xe hb y84 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>ple<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n and t<span class=\"_ _4\"></span>he es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s of co<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>leti<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e sal<span class=\"_ _4\"></span>e.</div>\n<div class=\"t m1e6 xe hb y85 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Wri<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>-o<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>s on inve<span class=\"_ _4\"></span>ntor<span class=\"_ _4\"></span>ies ar<span class=\"_ _4\"></span>e app<span class=\"_ _4\"></span>lie<span class=\"_ _4\"></span>d on sl<span class=\"_ _4\"></span>ow-<span class=\"_ _4\"></span>mov<span class=\"_ _4\"></span>ing it<span class=\"_ _4\"></span>ems<span class=\"_ _4\"></span>. The c<span class=\"_ _4\"></span>alc<span class=\"_ _4\"></span>ulat<span class=\"_ _4\"></span>ion of t<span class=\"_ _4\"></span>he all<span class=\"_ _4\"></span>owa<span class=\"_ _4\"></span>nce is b<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d on c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t</div>\n<div class=\"t m1e7 x3d hb y85 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 xe hb y86 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ent<span class=\"_ _4\"></span>ly ap<span class=\"_ _4\"></span>plie<span class=\"_ _4\"></span>d wr<span class=\"_ _4\"></span>ite<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>of<span class=\"_ _7\"></span>f r<span class=\"_ _4\"></span>ules, w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h de<span class=\"_ _4\"></span>pen<span class=\"_ _4\"></span>d on b<span class=\"_ _4\"></span>oth hi<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>al and f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure d<span class=\"_ _4\"></span>ema<span class=\"_ _4\"></span>nd.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 954px; height: 185px; width: 92%; z-index: 3;\"><br/></div>\n\n\n<div><br/></div>\n<div class=\"t m0 xe h13 y88 ff3 fs4 fc0 sc0 ls50 ws57\" style=\"z-index: 15;\">J. <span class=\"_ _c9\"> </span><span class=\"ls2 ws2\">E<span class=\"_ _4\"></span>MPLO<span class=\"_ _1\"></span>YEE B<span class=\"_ _4\"></span>ENEFITS</span></div>\n<div class=\"t m0 xe h6 y1f8 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">De\ufb01ned contribution plans</div>\n<div class=\"t m1e8 xe hb y8b ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Ob<span class=\"_ _4\"></span>ligat<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s for co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ib<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>ons to d<span class=\"_ _4\"></span>e\ufb01n<span class=\"_ _4\"></span>ed co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ib<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>on p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>ion p<span class=\"_ _4\"></span>lans a<span class=\"_ _4\"></span>re rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d as an e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>e in t<span class=\"_ _4\"></span>he pr<span class=\"_ _4\"></span>o\ufb01t or</div>\n<div class=\"t m8 xe hb y4a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">los<span class=\"_ _4\"></span>s s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent as t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>vi<span class=\"_ _4\"></span>ce is pr<span class=\"_ _4\"></span>ovid<span class=\"_ _4\"></span>ed.</div>\n<div class=\"t m0 xe h6 y1fd ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">De\ufb01ned bene\ufb01t plans</div>\n<div class=\"t m1e9 xe hb y4e ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">The G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s net o<span class=\"_ _4\"></span>bliga<span class=\"_ _4\"></span>tion i<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t of de<span class=\"_ _4\"></span>\ufb01ne<span class=\"_ _4\"></span>d ben<span class=\"_ _4\"></span>e\ufb01t p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>ion p<span class=\"_ _4\"></span>lans i<span class=\"_ _4\"></span>s cal<span class=\"_ _4\"></span>cula<span class=\"_ _4\"></span>ted s<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>ara<span class=\"_ _4\"></span>tely fo<span class=\"_ _4\"></span>r eac<span class=\"_ _4\"></span>h plan b<span class=\"_ _4\"></span>y</div>\n<div class=\"t m1ea xe hb y72 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mati<span class=\"_ _4\"></span>ng the a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt of f<span class=\"_ _4\"></span>utu<span class=\"_ _4\"></span>re b<span class=\"_ _4\"></span>ene\ufb01<span class=\"_ _4\"></span>t tha<span class=\"_ _4\"></span>t emp<span class=\"_ _4\"></span>loyee<span class=\"_ _4\"></span>s have ear<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>d in re<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>n fo<span class=\"_ _4\"></span>r the<span class=\"_ _4\"></span>ir se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>vi<span class=\"_ _4\"></span>ce in t<span class=\"_ _4\"></span>he cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ent an<span class=\"_ _4\"></span>d</div>\n<div class=\"t m1eb xe hb y4f ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">pr<span class=\"_ _4\"></span>ior p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod<span class=\"_ _4\"></span>s; dis<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>ng tha<span class=\"_ _4\"></span>t amo<span class=\"_ _4\"></span>unt an<span class=\"_ _4\"></span>d de<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>g the f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue of a<span class=\"_ _4\"></span>ny pla<span class=\"_ _4\"></span>n as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>. The c<span class=\"_ _4\"></span>alc<span class=\"_ _4\"></span>ulat<span class=\"_ _4\"></span>ion i<span class=\"_ _4\"></span>s pe<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>fo<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m1ec xe hb y50 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">ann<span class=\"_ _4\"></span>ually b<span class=\"_ _4\"></span>y a qual<span class=\"_ _4\"></span>i\ufb01e<span class=\"_ _4\"></span>d ac<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y u<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>g the p<span class=\"_ _4\"></span>roj<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d uni<span class=\"_ _4\"></span>t cre<span class=\"_ _4\"></span>dit m<span class=\"_ _4\"></span>eth<span class=\"_ _4\"></span>od. W<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e cal<span class=\"_ _4\"></span>cul<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>ult<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>n a pote<span class=\"_ _4\"></span>ntia<span class=\"_ _4\"></span>l</div>\n<div class=\"t m1ed xe hb y51 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up, the re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nized a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et is l<span class=\"_ _4\"></span>imite<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nt valu<span class=\"_ _4\"></span>e of eco<span class=\"_ _4\"></span>no<span class=\"_ _4\"></span>mic be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>ts av<span class=\"_ _4\"></span>ailab<span class=\"_ _4\"></span>le in t<span class=\"_ _4\"></span>he fo<span class=\"_ _4\"></span>rm</div>\n<div class=\"t m1ee xe hb y52 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">of a any f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure re<span class=\"_ _4\"></span>fun<span class=\"_ _4\"></span>ds f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m the p<span class=\"_ _4\"></span>lan o<span class=\"_ _4\"></span>r red<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ions i<span class=\"_ _4\"></span>n fu<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns to t<span class=\"_ _4\"></span>he pla<span class=\"_ _4\"></span>n. T<span class=\"_ _1\"></span>o ca<span class=\"_ _4\"></span>lcu<span class=\"_ _4\"></span>late t<span class=\"_ _4\"></span>he pr<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>nt va<span class=\"_ _4\"></span>lue</div>\n<div class=\"t m8 xe hb y53 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of ec<span class=\"_ _4\"></span>ono<span class=\"_ _4\"></span>mic be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s, con<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n is gi<span class=\"_ _4\"></span>ven to any a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>lic<span class=\"_ _4\"></span>able m<span class=\"_ _4\"></span>inim<span class=\"_ _4\"></span>um f<span class=\"_ _4\"></span>undi<span class=\"_ _4\"></span>ng re<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>rem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m8 xe hb y1d2 ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">Rem<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>rem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s of t<span class=\"_ _4\"></span>he ne<span class=\"_ _4\"></span>t de\ufb01<span class=\"_ _4\"></span>ned b<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>\ufb01t lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>y, whic<span class=\"_ _4\"></span>h com<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>ise a<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tua<span class=\"_ _4\"></span>ria<span class=\"_ _4\"></span>l gain<span class=\"_ _4\"></span>s and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>ses<span class=\"_ _4\"></span>, the r<span class=\"_ _4\"></span>etur<span class=\"_ _4\"></span>n o<span class=\"_ _4\"></span>n pla<span class=\"_ _4\"></span>n</div>\n<div class=\"t m1ef xe hb y73 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s (excl<span class=\"_ _4\"></span>udi<span class=\"_ _4\"></span>ng inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t) a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>he ef<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t ceilin<span class=\"_ _4\"></span>g (if a<span class=\"_ _4\"></span>ny<span class=\"_ _1\"></span>, excl<span class=\"_ _4\"></span>udin<span class=\"_ _4\"></span>g inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t), are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed im<span class=\"_ _4\"></span>med<span class=\"_ _4\"></span>iatel<span class=\"_ _4\"></span>y</div>\n<div class=\"t m1f0 xe hb y55 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">in OC<span class=\"_ _4\"></span>I. The G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p dete<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>mine<span class=\"_ _4\"></span>s the n<span class=\"_ _4\"></span>et inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>e (in<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e) on th<span class=\"_ _4\"></span>e net d<span class=\"_ _4\"></span>e\ufb01ne<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t liabil<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y (as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>) for t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m1f1 xe hb y56 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d by ap<span class=\"_ _4\"></span>ply<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he dis<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>unt r<span class=\"_ _4\"></span>ate us<span class=\"_ _4\"></span>ed to m<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ure t<span class=\"_ _4\"></span>he de<span class=\"_ _4\"></span>\ufb01ne<span class=\"_ _4\"></span>d ben<span class=\"_ _4\"></span>e\ufb01t o<span class=\"_ _4\"></span>blig<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n at th<span class=\"_ _4\"></span>e beg<span class=\"_ _4\"></span>inni<span class=\"_ _4\"></span>ng of th<span class=\"_ _4\"></span>e ann<span class=\"_ _4\"></span>ual</div>\n<div class=\"t m1f2 xe hb y57 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e the<span class=\"_ _4\"></span>n net d<span class=\"_ _4\"></span>e\ufb01ne<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t liabil<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y (as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>), tak<span class=\"_ _4\"></span>ing in<span class=\"_ _4\"></span>to acco<span class=\"_ _4\"></span>unt a<span class=\"_ _4\"></span>ny chan<span class=\"_ _4\"></span>ges i<span class=\"_ _4\"></span>n the n<span class=\"_ _4\"></span>et de<span class=\"_ _4\"></span>\ufb01ne<span class=\"_ _4\"></span>d ben<span class=\"_ _4\"></span>e\ufb01t</div>\n<div class=\"t m1f3 xe hb y58 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y (as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t) d<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he pe<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>od as a r<span class=\"_ _4\"></span>esu<span class=\"_ _4\"></span>lt of co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ib<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>ons a<span class=\"_ _4\"></span>nd be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t pay<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts<span class=\"_ _4\"></span>. Net i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>pen<span class=\"_ _4\"></span>se a<span class=\"_ _4\"></span>nd ot<span class=\"_ _4\"></span>her</div>\n<div class=\"t m8 xe hb y59 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>s rela<span class=\"_ _4\"></span>ted to d<span class=\"_ _4\"></span>e\ufb01n<span class=\"_ _4\"></span>ed be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t pla<span class=\"_ _4\"></span>ns are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>.</div>\n<div class=\"t m164 xe hb y5a ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s of a plan a<span class=\"_ _4\"></span>re ch<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>ed or w<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>n a plan i<span class=\"_ _4\"></span>s cu<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>aile<span class=\"_ _4\"></span>d, the re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>g cha<span class=\"_ _4\"></span>nge in b<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>e\ufb01t t<span class=\"_ _4\"></span>hat re<span class=\"_ _4\"></span>lates t<span class=\"_ _4\"></span>o</div>\n<div class=\"t m1f4 xe hb y5b ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">pas<span class=\"_ _4\"></span>t s<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ice o<span class=\"_ _4\"></span>r the g<span class=\"_ _4\"></span>ain or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s on c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ailm<span class=\"_ _4\"></span>ent i<span class=\"_ _4\"></span>s reco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>sed i<span class=\"_ _4\"></span>mme<span class=\"_ _4\"></span>diat<span class=\"_ _4\"></span>ely in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s. T<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>es</div>\n<div class=\"t m8 xe hb y5c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">gain<span class=\"_ _4\"></span>s and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s on t<span class=\"_ _4\"></span>he se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>tle<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t of a de\ufb01<span class=\"_ _4\"></span>ned b<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>e\ufb01t pl<span class=\"_ _4\"></span>an wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>tle<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t occ<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m0 xe h6 y1fe ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Belgian de\ufb01ned<span class=\"_ _3\"></span> contributio<span class=\"_ _3\"></span>n plans with r<span class=\"_ _3\"></span>eturn guarant<span class=\"_ _3\"></span>eed b<span class=\"_ _1\"></span>y law</div>\n<div class=\"t m1f5 xe hb y60 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Bel<span class=\"_ _4\"></span>gian d<span class=\"_ _4\"></span>e\ufb01n<span class=\"_ _4\"></span>ed co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ib<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>on pl<span class=\"_ _4\"></span>ans ar<span class=\"_ _4\"></span>e su<span class=\"_ _4\"></span>bjec<span class=\"_ _7\"></span>t to th<span class=\"_ _4\"></span>e La<span class=\"_ _4\"></span>w of Ap<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>l 28, 200<span class=\"_ _4\"></span>3 on o<span class=\"_ _4\"></span>ccu<span class=\"_ _4\"></span>pat<span class=\"_ _4\"></span>iona<span class=\"_ _4\"></span>l pe<span class=\"_ _4\"></span>nsio<span class=\"_ _4\"></span>ns (<span class=\"_ _4\"></span>here<span class=\"_ _4\"></span>af<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r \u2018th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y75 ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">WAP<span class=\"_ _4\"></span>\u2019). Acco<span class=\"_ _4\"></span>rdi<span class=\"_ _4\"></span>ng to ar<span class=\"_ _7\"></span>tic<span class=\"_ _4\"></span>le 24 of this L<span class=\"_ _4\"></span>aw, the e<span class=\"_ _4\"></span>mpl<span class=\"_ _4\"></span>oyer has t<span class=\"_ _4\"></span>o guar<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>tee an ave<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ge min<span class=\"_ _4\"></span>imum r<span class=\"_ _4\"></span>etu<span class=\"_ _4\"></span>rn o<span class=\"_ _4\"></span>f 3.7<span class=\"_ _1\"></span>5% on</div>\n<div class=\"t m1f6 xe hb y76 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns an<span class=\"_ _4\"></span>d of 3.25% on e<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>loyer co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ib<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ions a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>his fo<span class=\"_ _4\"></span>r cont<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>bu<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns pai<span class=\"_ _4\"></span>d unt<span class=\"_ _4\"></span>il Dec<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>,</div>\n<div class=\"t m1f7 xe hb y61 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">201<span class=\"_ _1\"></span>5. A<span class=\"_ _4\"></span>s fro<span class=\"_ _4\"></span>m Janu<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y 201<span class=\"_ _1\"></span>6, t<span class=\"_ _4\"></span>he em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>r has to g<span class=\"_ _4\"></span>uar<span class=\"_ _4\"></span>ante<span class=\"_ _4\"></span>e an aver<span class=\"_ _4\"></span>ag<span class=\"_ _4\"></span>e minim<span class=\"_ _4\"></span>um ret<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>n of 1<span class=\"_ _3\"></span>.7<span class=\"_ _1\"></span>5% on b<span class=\"_ _4\"></span>oth e<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>loy<span class=\"ws2\">-</span></div>\n<div class=\"t m114 xe hb y77 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">er an<span class=\"_ _4\"></span>d em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>but<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s (as cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>d by th<span class=\"_ _4\"></span>e La<span class=\"_ _4\"></span>w of Dec<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er 18, 20<span class=\"_ _1\"></span>15)<span class=\"_ _3\"></span>. Thi<span class=\"_ _4\"></span>s guar<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>d minim<span class=\"_ _4\"></span>um ret<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>n</div>\n<div class=\"t m1f8 xe hb y63 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>ally e<span class=\"_ _4\"></span>xcee<span class=\"_ _4\"></span>ds t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>n t<span class=\"_ _4\"></span>hat is n<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>mally g<span class=\"_ _4\"></span>uar<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>d by the i<span class=\"_ _4\"></span>nsu<span class=\"_ _4\"></span>rer. Bec<span class=\"_ _4\"></span>aus<span class=\"_ _4\"></span>e the e<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>loyer ha<span class=\"_ _4\"></span>s to gua<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ntee</div>\n<div class=\"t m144 xe hb y64 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">the s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>utor<span class=\"_ _7\"></span>y mini<span class=\"_ _4\"></span>mum re<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>n o<span class=\"_ _4\"></span>n the<span class=\"_ _4\"></span>se pl<span class=\"_ _4\"></span>ans, no<span class=\"_ _4\"></span>t all ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>uar<span class=\"_ _4\"></span>ial an<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent r<span class=\"_ _4\"></span>isk<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>latin<span class=\"_ _4\"></span>g to the<span class=\"_ _4\"></span>se p<span class=\"_ _4\"></span>lans a<span class=\"_ _4\"></span>re tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1f9 xe hb y65 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e ins<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ance c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>any ma<span class=\"_ _4\"></span>nagin<span class=\"_ _4\"></span>g the p<span class=\"_ _4\"></span>lans<span class=\"_ _4\"></span>. Th<span class=\"_ _4\"></span>eref<span class=\"_ _4\"></span>ore, the<span class=\"_ _4\"></span>se p<span class=\"_ _4\"></span>lans d<span class=\"_ _4\"></span>o not me<span class=\"_ _4\"></span>et th<span class=\"_ _4\"></span>e de\ufb01<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on of a de<span class=\"_ _4\"></span>\ufb01ne<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 xe hb y79 ff1 fs9 fc2 sc0 ls2 ws2c\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n plan u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>er IFRS a<span class=\"_ _4\"></span>nd have to b<span class=\"_ _4\"></span>e cla<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>i\ufb01e<span class=\"_ _4\"></span>d by def<span class=\"_ _4\"></span>aul<span class=\"_ _4\"></span>t as de<span class=\"_ _4\"></span>\ufb01ne<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>ne\ufb01t p<span class=\"_ _4\"></span>lan<span class=\"_ _4\"></span>s. A<span class=\"_ _4\"></span>n ac<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ial c<span class=\"_ _4\"></span>alcu<span class=\"_ _4\"></span>lati<span class=\"_ _4\"></span>on</div>\n<div class=\"t m8 xe hb y1ff ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">has b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n per<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>m<span class=\"_ _4\"></span>ed in a<span class=\"_ _4\"></span>ccor<span class=\"_ _4\"></span>dan<span class=\"_ _4\"></span>ce wi<span class=\"_ _4\"></span>th I<span class=\"_ _4\"></span>AS 1<span class=\"_ _1\"></span>9 b<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n the p<span class=\"_ _4\"></span>roje<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d unit c<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>it me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>d.</div>\n\n<div class=\"t m0 xe h6 y200 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ermination<span class=\"_ _3\"></span> bene\ufb01ts</div>\n<div class=\"t m1fa xe hb y6a ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>er<span class=\"_ _4\"></span>min<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n ben<span class=\"_ _4\"></span>e\ufb01t<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e reco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d as an ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>e whe<span class=\"_ _4\"></span>n the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p is de<span class=\"_ _4\"></span>mon<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ably c<span class=\"_ _4\"></span>omm<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d, wit<span class=\"_ _4\"></span>hou<span class=\"_ _4\"></span>t realis<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ic</div>\n<div class=\"t m1ca xe hb y7b ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">po<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ibili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y or wi<span class=\"_ _4\"></span>thd<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>awal, to a for<span class=\"_ _4\"></span>ma<span class=\"_ _4\"></span>l det<span class=\"_ _4\"></span>aile<span class=\"_ _4\"></span>d pla<span class=\"_ _4\"></span>n to eit<span class=\"_ _4\"></span>her te<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>inate e<span class=\"_ _4\"></span>mpl<span class=\"_ _4\"></span>oyme<span class=\"_ _4\"></span>nt be<span class=\"_ _4\"></span>fore t<span class=\"_ _4\"></span>he no<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>al ret<span class=\"_ _4\"></span>irem<span class=\"_ _4\"></span>ent</div>\n<div class=\"t m8 xe hb y6b ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">date, or to p<span class=\"_ _4\"></span>rovi<span class=\"_ _4\"></span>de te<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>inati<span class=\"_ _4\"></span>on b<span class=\"_ _4\"></span>ene\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s as a re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>t of an of<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>er mad<span class=\"_ _4\"></span>e to en<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>rag<span class=\"_ _4\"></span>e volu<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y re<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>nda<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>. T<span class=\"_ _1\"></span>er<span class=\"_ _4\"></span>min<span class=\"_ _4\"></span>a<span class=\"ws2\">-</span></div>\n<div class=\"t m1fb xe hb y6c ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">tio<span class=\"_ _4\"></span>n be<span class=\"_ _4\"></span>ne\ufb01t<span class=\"_ _4\"></span>s fo<span class=\"_ _4\"></span>r volu<span class=\"_ _4\"></span>nta<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y re<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>nda<span class=\"_ _4\"></span>ncie<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed as a<span class=\"_ _4\"></span>n exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>se if t<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup ha<span class=\"_ _4\"></span>s mad<span class=\"_ _4\"></span>e an of<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>er of volu<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y</div>\n<div class=\"t m1fc xe hb y6d ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">red<span class=\"_ _4\"></span>un<span class=\"_ _4\"></span>dan<span class=\"_ _4\"></span>cy, it is pro<span class=\"_ _4\"></span>bab<span class=\"_ _4\"></span>le t<span class=\"_ _4\"></span>hat th<span class=\"_ _4\"></span>e of<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>r will b<span class=\"_ _4\"></span>e acce<span class=\"_ _4\"></span>pte<span class=\"_ _4\"></span>d, and t<span class=\"_ _4\"></span>he num<span class=\"_ _4\"></span>ber o<span class=\"_ _4\"></span>f acce<span class=\"_ _4\"></span>pt<span class=\"_ _4\"></span>ance<span class=\"_ _4\"></span>s c<span class=\"_ _4\"></span>an be e<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tima<span class=\"_ _4\"></span>ted re<span class=\"_ _4\"></span>liab<span class=\"_ _4\"></span>ly<span class=\"_ _1\"></span>.<span class=\"_ _4\"></span> </div>\n<div class=\"t m1fd xe hb y6e ff1 fs9 fc2 sc0 ls11 wsd\" style=\"z-index: 15;\">If be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s are p<span class=\"_ _4\"></span>ayab<span class=\"_ _4\"></span>le mor<span class=\"_ _4\"></span>e tha<span class=\"_ _4\"></span>n 1<span class=\"_ _1\"></span>2 mo<span class=\"_ _4\"></span>nth<span class=\"_ _4\"></span>s af<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r the r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing d<span class=\"_ _4\"></span>ate, the<span class=\"_ _4\"></span>n the<span class=\"_ _4\"></span>y are di<span class=\"_ _4\"></span>sco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d to t<span class=\"_ _4\"></span>heir p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alue.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 129px; height: 128px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 129px; height: 796px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 129px; height: 1010px; width: 94%; z-index: 2;\"><br/></div>\n\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<div class=\"t m0 x1 h6 y1d6 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Sho<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t-term e<span class=\"_ _4\"></span>mpl<span class=\"_ _4\"></span>oyee ben<span class=\"_ _4\"></span>e\ufb01t</div>\n<div class=\"t m1fe x1 hb y7f ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">Sho<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t-te<span class=\"_ _4\"></span>rm e<span class=\"_ _4\"></span>mpl<span class=\"_ _4\"></span>oyee b<span class=\"_ _4\"></span>ene\ufb01<span class=\"_ _4\"></span>t ob<span class=\"_ _4\"></span>ligat<span class=\"_ _4\"></span>ions a<span class=\"_ _4\"></span>re mea<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>ed on a<span class=\"_ _4\"></span>n und<span class=\"_ _4\"></span>isc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted b<span class=\"_ _4\"></span>asis a<span class=\"_ _4\"></span>nd ar<span class=\"_ _4\"></span>e exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>sed a<span class=\"_ _4\"></span>s th<span class=\"_ _4\"></span>e relate<span class=\"_ _4\"></span>d</div>\n<div class=\"t m1ff x1 hb y43 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>vi<span class=\"_ _4\"></span>ce is pr<span class=\"_ _4\"></span>ovid<span class=\"_ _4\"></span>ed. A li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed fo<span class=\"_ _4\"></span>r the a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted t<span class=\"_ _4\"></span>o be p<span class=\"_ _4\"></span>aid un<span class=\"_ _4\"></span>der s<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t-ter<span class=\"_ _4\"></span>m c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h bo<span class=\"_ _4\"></span>nus o<span class=\"_ _4\"></span>r</div>\n<div class=\"t m17e x1 hb y80 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>\ufb01t-s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>ing p<span class=\"_ _4\"></span>lans i<span class=\"_ _4\"></span>f th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p has a p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ent l<span class=\"_ _4\"></span>egal o<span class=\"_ _4\"></span>r con<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ive ob<span class=\"_ _4\"></span>ligat<span class=\"_ _4\"></span>ion t<span class=\"_ _4\"></span>o pay th<span class=\"_ _4\"></span>is amo<span class=\"_ _4\"></span>unt a<span class=\"_ _4\"></span>s a res<span class=\"_ _4\"></span>ult of p<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>t</div>\n<div class=\"t m8 x1 hb y81 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>vi<span class=\"_ _4\"></span>ce pro<span class=\"_ _4\"></span>vid<span class=\"_ _4\"></span>ed by t<span class=\"_ _4\"></span>he em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>e, and th<span class=\"_ _4\"></span>e obl<span class=\"_ _4\"></span>igat<span class=\"_ _4\"></span>ion c<span class=\"_ _4\"></span>an b<span class=\"_ _4\"></span>e es<span class=\"_ _4\"></span>tim<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d relia<span class=\"_ _4\"></span>bly.</div>\n\n<div class=\"t m0 x1 h6 y201 ff2 fs4 fc1 sc0 lsd ws58\" style=\"z-index: 15;\">Share<span class=\"_ _4\"></span>-ba<span class=\"_ _4\"></span>sed payment trans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>tions</div>\n<div class=\"t m200 x1 hb y85 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">The g<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ant dat<span class=\"_ _4\"></span>e fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e of opt<span class=\"_ _4\"></span>ions g<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d to emp<span class=\"_ _4\"></span>loyee<span class=\"_ _4\"></span>s is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d as a<span class=\"_ _4\"></span>n emp<span class=\"_ _4\"></span>loyee ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>e, with a c<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m201 x1 hb y86 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">sp<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>ding i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e in eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y, over the p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>es u<span class=\"_ _4\"></span>nco<span class=\"_ _4\"></span>ndit<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>ally b<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>me en<span class=\"_ _4\"></span>tit<span class=\"_ _4\"></span>led to t<span class=\"_ _4\"></span>he o<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>ns.</div>\n<div class=\"t m202 x1 hb y87 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">The a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d as an e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>e is ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to re\ufb02e<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>he ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ual nu<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r of opt<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s for w<span class=\"_ _4\"></span>hich t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d</div>\n<div class=\"t m203 x1 hb y8c ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>vi<span class=\"_ _4\"></span>ce an<span class=\"_ _4\"></span>d non<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>mar<span class=\"_ _4\"></span>ket ves<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng con<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s are ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to be m<span class=\"_ _4\"></span>et, su<span class=\"_ _4\"></span>ch t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he amo<span class=\"_ _4\"></span>unt u<span class=\"_ _4\"></span>ltim<span class=\"_ _4\"></span>atel<span class=\"_ _4\"></span>y reco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d</div>\n<div class=\"t m204 x1 hb y88 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">as an ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>e is ba<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d on t<span class=\"_ _4\"></span>he num<span class=\"_ _4\"></span>be<span class=\"_ _4\"></span>r of awar<span class=\"_ _4\"></span>ds t<span class=\"_ _4\"></span>hat do m<span class=\"_ _4\"></span>eet t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d ser<span class=\"_ _7\"></span>vic<span class=\"_ _4\"></span>e and n<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>-m<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ket per<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>ma<span class=\"_ _4\"></span>nce</div>\n<div class=\"t m8 x1 hb y89 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s at ves<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng date.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 888px; height: 128px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 888px; height: 243px; width: 92%; z-index: 3;\"><br/></div>\n\n\n<div class=\"t m0 x1 h13 y8b ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">k. <span class=\"_ _d7\"> </span><span class=\"ls4c ws52\">PRO<span class=\"_ _1\"></span>VI<span class=\"_ _4\"></span>SIONS</span></div>\n<div class=\"t m8 x1 hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">A prov<span class=\"_ _4\"></span>isi<span class=\"_ _4\"></span>on is re<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n the s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment o<span class=\"_ _4\"></span>f \ufb01nan<span class=\"_ _4\"></span>cial p<span class=\"_ _4\"></span>osi<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p has a l<span class=\"_ _4\"></span>egal o<span class=\"_ _4\"></span>r con<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve ob<span class=\"_ _4\"></span>liga<span class=\"_ _4\"></span>-</div>\n<div class=\"t m205 x1 hb y4c ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">tio<span class=\"_ _4\"></span>n as re<span class=\"_ _4\"></span>sult o<span class=\"_ _4\"></span>f a pas<span class=\"_ _4\"></span>t eve<span class=\"_ _4\"></span>nt, th<span class=\"_ _4\"></span>at ca<span class=\"_ _4\"></span>n be e<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>ed re<span class=\"_ _4\"></span>liabl<span class=\"_ _4\"></span>y and i<span class=\"_ _4\"></span>t is pr<span class=\"_ _4\"></span>ob<span class=\"_ _4\"></span>able t<span class=\"_ _4\"></span>hat a<span class=\"_ _4\"></span>n out<span class=\"_ _7\"></span>\ufb02ow of b<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>\ufb01t<span class=\"_ _4\"></span>s will b<span class=\"_ _4\"></span>e</div>\n<div class=\"t m181 x1 hb y4d ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">re<span class=\"_ _4\"></span>quir<span class=\"_ _4\"></span>ed to s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>tl<span class=\"_ _4\"></span>e th<span class=\"_ _4\"></span>e obli<span class=\"_ _4\"></span>gati<span class=\"_ _4\"></span>on. If t<span class=\"_ _4\"></span>he ef<span class=\"_ _7\"></span>fec<span class=\"_ _4\"></span>t i<span class=\"_ _4\"></span>s mate<span class=\"_ _4\"></span>ria<span class=\"_ _4\"></span>l, provis<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s are d<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>ned b<span class=\"_ _4\"></span>y dis<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>g the e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m8 x1 hb y4e ff1 fs9 fc2 sc0 ls2 ws55\" style=\"z-index: 15;\">fu<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>sh \ufb02o<span class=\"_ _4\"></span>ws at a p<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>-t<span class=\"_ _4\"></span>ax r<span class=\"_ _4\"></span>ate t<span class=\"_ _4\"></span>hat r<span class=\"_ _4\"></span>e\ufb02ec<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>s cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nt mar<span class=\"_ _4\"></span>ket as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>sm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s of t<span class=\"_ _4\"></span>he ti<span class=\"_ _4\"></span>me val<span class=\"_ _4\"></span>ue of mo<span class=\"_ _4\"></span>ney an<span class=\"_ _4\"></span>d, whe<span class=\"_ _4\"></span>re</div>\n<div class=\"t m8 x1 hb y202 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ap<span class=\"_ _4\"></span>pro<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>iate, the r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ci\ufb01<span class=\"_ _4\"></span>c to th<span class=\"_ _4\"></span>e liabi<span class=\"_ _4\"></span>lit<span class=\"_ _4\"></span>y.</div>\n<div class=\"t m0 x1 h6 y203 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Restruc<span class=\"_ _4\"></span>turi<span class=\"_ _4\"></span>ng pro<span class=\"_ _3\"></span>visions</div>\n<div class=\"t m206 x1 hb y52 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">Provi<span class=\"_ _4\"></span>sio<span class=\"_ _4\"></span>ns for r<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing ar<span class=\"_ _4\"></span>e rec<span class=\"_ _4\"></span>ogni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p has a<span class=\"_ _4\"></span>ppr<span class=\"_ _4\"></span>oved a d<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>ailed a<span class=\"_ _4\"></span>nd fo<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>al res<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g pla<span class=\"_ _4\"></span>n,</div>\n<div class=\"t m8 x1 hb y53 ff1 fs9 fc2 sc0 ls2 ws24\" style=\"z-index: 15;\">and t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing ha<span class=\"_ _4\"></span>s eit<span class=\"_ _4\"></span>her co<span class=\"_ _4\"></span>mme<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>d or ha<span class=\"_ _4\"></span>s be<span class=\"_ _4\"></span>en an<span class=\"_ _4\"></span>nou<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>d pub<span class=\"_ _4\"></span>licl<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>. Fu<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>re op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ng cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e not pr<span class=\"_ _4\"></span>o<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y54 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">vided for<span class=\"_ _1\"></span>.</div>\n<div class=\"t m0 x1 h6 y1dd ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Onerous contrac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s</div>\n<div class=\"t m207 x1 hb y57 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">A prov<span class=\"_ _4\"></span>isio<span class=\"_ _4\"></span>n for o<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>ous co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>s reco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d whe<span class=\"_ _4\"></span>n the e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s to be d<span class=\"_ _4\"></span>eri<span class=\"_ _4\"></span>ved by t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up f<span class=\"_ _4\"></span>rom a</div>\n<div class=\"t m8 x1 hb y58 ff1 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t ar<span class=\"_ _4\"></span>e lowe<span class=\"_ _4\"></span>r tha<span class=\"_ _4\"></span>n the u<span class=\"_ _4\"></span>navoid<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t of me<span class=\"_ _4\"></span>eti<span class=\"_ _4\"></span>ng it<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>bliga<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns un<span class=\"_ _4\"></span>der t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>. Th<span class=\"_ _4\"></span>e prov<span class=\"_ _4\"></span>isio<span class=\"_ _4\"></span>n is me<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y59 ff1 fs9 fc2 sc0 ls2 ws3a\" style=\"z-index: 15;\">ure<span class=\"_ _4\"></span>d at th<span class=\"_ _4\"></span>e pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nt val<span class=\"_ _4\"></span>ue of th<span class=\"_ _4\"></span>e lowe<span class=\"_ _4\"></span>r of th<span class=\"_ _4\"></span>e exp<span class=\"_ _4\"></span>ec<span class=\"_ _7\"></span>ted co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t of ter<span class=\"_ _4\"></span>min<span class=\"_ _4\"></span>atin<span class=\"_ _4\"></span>g the c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t and t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d net c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t</div>\n<div class=\"t m208 x1 hb y5a ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">of co<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>uing w<span class=\"_ _4\"></span>ith t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>t. Be<span class=\"_ _4\"></span>fore a p<span class=\"_ _4\"></span>rovi<span class=\"_ _4\"></span>sio<span class=\"_ _4\"></span>n is rec<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>ed, t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>es any i<span class=\"_ _4\"></span>mpai<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>ent l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s on t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m8 x1 hb y5b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>d wit<span class=\"_ _4\"></span>h tha<span class=\"_ _4\"></span>t cont<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 509px; height: 350px; width: 92%; z-index: 3;\"><br/></div>\n\n\n<div class=\"t m0 x1 h13 y5e ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">L<span class=\"_ _4\"></span>. <span class=\"_ _d8\"> </span><span class=\"ls51 ws59\">INC<span class=\"_ _3\"></span>OME</span></div>\n<div class=\"t m0 x1 h6 y1df ff2 fs4 fc1 sc0 ls4d ws53\" style=\"z-index: 15;\">Charter rev<span class=\"_ _1\"></span>enue</div>\n<div class=\"t m209 x1 hb y76 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e com<span class=\"_ _4\"></span>pany a<span class=\"_ _4\"></span>nd/ o<span class=\"_ _4\"></span>r it<span class=\"_ _4\"></span>s joi<span class=\"_ _4\"></span>nt ven<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>es ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>ate r<span class=\"_ _4\"></span>evenu<span class=\"_ _4\"></span>es f<span class=\"_ _4\"></span>rom c<span class=\"_ _4\"></span>har<span class=\"_ _7\"></span>ter<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s for t<span class=\"_ _4\"></span>he us<span class=\"_ _4\"></span>e of it<span class=\"_ _4\"></span>s as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s. A<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>re ch<span class=\"_ _4\"></span>ar<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y61 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">tere<span class=\"_ _4\"></span>d us<span class=\"_ _4\"></span>ing voya<span class=\"_ _4\"></span>ge/sp<span class=\"_ _4\"></span>ot, ti<span class=\"_ _4\"></span>me or b<span class=\"_ _4\"></span>are<span class=\"_ _4\"></span>boa<span class=\"_ _4\"></span>t char<span class=\"_ _7\"></span>ter<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd po<span class=\"_ _4\"></span>ol reve<span class=\"_ _4\"></span>nue:</div>\n<div class=\"t m8 x1 hb y1d5 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m20a x3b hb y77 ff2 fs9 fc2 sc0 ls1f ws12\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>oyage/<span class=\"_ _3\"></span>spot char<span class=\"_ _4\"></span>ters<span class=\"ff1 ls19 wsb\">: Voyage reve<span class=\"_ _4\"></span>nue is r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnize<span class=\"_ _4\"></span>d over t<span class=\"_ _4\"></span>ime of s<span class=\"_ _4\"></span>pot c<span class=\"_ _4\"></span>har<span class=\"_ _7\"></span>ter<span class=\"_ _4\"></span>s on a l<span class=\"_ _4\"></span>oad<span class=\"_ _4\"></span>-to<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>di<span class=\"_ _4\"></span>sc<span class=\"_ _4\"></span>harg<span class=\"_ _4\"></span>e bas<span class=\"_ _4\"></span>is. <span class=\"_ _d9\"></span> </span></div>\n<div class=\"t m20b x3b hb y63 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Pro<span class=\"_ _4\"></span>gre<span class=\"_ _4\"></span>ss i<span class=\"_ _4\"></span>s dete<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>mine<span class=\"_ _4\"></span>d on t<span class=\"_ _4\"></span>ime el<span class=\"_ _4\"></span>aps<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>.  V<span class=\"_ _3\"></span>oyag<span class=\"_ _4\"></span>e exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>ses a<span class=\"_ _4\"></span>re ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ed as o<span class=\"_ _4\"></span>cc<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>red.  W<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>n ou<span class=\"_ _4\"></span>r ves<span class=\"_ _4\"></span>sel<span class=\"_ _4\"></span>s ca<span class=\"_ _4\"></span>nno<span class=\"_ _4\"></span>t</div>\n<div class=\"t m8 x3b hb y64 ff1 fs9 fc2 sc0 ls2 ws1c\" style=\"z-index: 15;\">s<span class=\"_ _4\"></span>tar<span class=\"_ _7\"></span>t or c<span class=\"_ _4\"></span>onti<span class=\"_ _4\"></span>nue p<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>min<span class=\"_ _4\"></span>g it<span class=\"_ _4\"></span>s ob<span class=\"_ _4\"></span>ligat<span class=\"_ _4\"></span>ion d<span class=\"_ _4\"></span>ue to ot<span class=\"_ _4\"></span>her f<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>s, suc<span class=\"_ _4\"></span>h as p<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t d<span class=\"_ _4\"></span>elay<span class=\"_ _4\"></span>s, a de<span class=\"_ _4\"></span>mur<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>age is c<span class=\"_ _4\"></span>alc<span class=\"_ _4\"></span>ula<span class=\"_ _4\"></span>ted. <span class=\"_ _d9\"></span> </div>\n<div class=\"t m20c x3b hb y65 ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">The a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>lic<span class=\"_ _4\"></span>able d<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>rag<span class=\"_ _4\"></span>e r<span class=\"_ _4\"></span>ate is s<span class=\"_ _4\"></span>tip<span class=\"_ _4\"></span>ulate<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>. As d<span class=\"_ _4\"></span>emu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ag<span class=\"_ _4\"></span>e is of<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>n a com<span class=\"_ _4\"></span>mer<span class=\"_ _4\"></span>cial di<span class=\"_ _4\"></span>sc<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>sio<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 x3b hb y79 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">bet<span class=\"_ _7\"></span>wee<span class=\"_ _4\"></span>n E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R and t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>har<span class=\"_ _7\"></span>tere<span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>, th<span class=\"_ _4\"></span>e out<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e and to<span class=\"_ _4\"></span>tal c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>sat<span class=\"_ _4\"></span>ion r<span class=\"_ _4\"></span>ecei<span class=\"_ _4\"></span>vab<span class=\"_ _4\"></span>le for t<span class=\"_ _4\"></span>he d<span class=\"_ _4\"></span>elay is n<span class=\"_ _4\"></span>ot alw<span class=\"_ _4\"></span>ays</div>\n<div class=\"t m208 x3b hb y66 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">cer<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>ain.  A<span class=\"_ _4\"></span>s su<span class=\"_ _4\"></span>ch, E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R onl<span class=\"_ _4\"></span>y rec<span class=\"_ _4\"></span>ogni<span class=\"_ _4\"></span>zes t<span class=\"_ _4\"></span>he reve<span class=\"_ _4\"></span>nue w<span class=\"_ _4\"></span>hich i<span class=\"_ _4\"></span>s high<span class=\"_ _4\"></span>ly pro<span class=\"_ _4\"></span>ba<span class=\"_ _4\"></span>ble to b<span class=\"_ _4\"></span>e re<span class=\"_ _4\"></span>ceive<span class=\"_ _4\"></span>d.  No r<span class=\"_ _4\"></span>evenu<span class=\"_ _4\"></span>e is</div>\n<div class=\"t m20d x3b hb y67 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">rec<span class=\"_ _4\"></span>ogni<span class=\"_ _4\"></span>zed if t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>llec<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of the c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ion i<span class=\"_ _4\"></span>s not high<span class=\"_ _4\"></span>ly pro<span class=\"_ _4\"></span>ba<span class=\"_ _4\"></span>ble.  Th<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt of reve<span class=\"_ _4\"></span>nue r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnize<span class=\"_ _4\"></span>d is</div>\n<div class=\"t m8 x3b hb y68 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n his<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>al dat<span class=\"_ _4\"></span>a.  T<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up up<span class=\"_ _4\"></span>da<span class=\"_ _4\"></span>tes it<span class=\"_ _4\"></span>s e<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tima<span class=\"_ _4\"></span>te on an a<span class=\"_ _4\"></span>nnu<span class=\"_ _4\"></span>al bas<span class=\"_ _4\"></span>is.</div>\n<div class=\"t m8 x1 hb y7a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m160 x3b hb y69 ff2 fs9 fc2 sc0 ls35 ws17\" style=\"z-index: 15;\">Time<span class=\"_ _4\"></span>- and<span class=\"_ _3\"></span> Bareboat charters<span class=\"ff1 ls2 wsd\">: A<span class=\"_ _4\"></span>s a les<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>or<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up le<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>s ou<span class=\"_ _4\"></span>t som<span class=\"_ _4\"></span>e of it<span class=\"_ _4\"></span>s ves<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>els u<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r tim<span class=\"_ _4\"></span>e \u2013 and b<span class=\"_ _4\"></span>are<span class=\"_ _4\"></span>boa<span class=\"_ _4\"></span>t </span></div>\n<div class=\"t m20e x3b hb y6a ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">cha<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>rs (s<span class=\"_ _4\"></span>ee al<span class=\"_ _4\"></span>so l<span class=\"_ _4\"></span>) Leas<span class=\"_ _4\"></span>es). For ti<span class=\"_ _4\"></span>me or b<span class=\"_ _4\"></span>are<span class=\"_ _4\"></span>bo<span class=\"_ _4\"></span>at cha<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>rs, a c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t is e<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>d int<span class=\"_ _4\"></span>o for t<span class=\"_ _4\"></span>he us<span class=\"_ _4\"></span>e of an as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et for</div>\n<div class=\"t m20f x3b hb y7b ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">a sp<span class=\"_ _4\"></span>eci<span class=\"_ _4\"></span>\ufb01c pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d of ti<span class=\"_ _4\"></span>me at a co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ual ag<span class=\"_ _4\"></span>ree<span class=\"_ _4\"></span>d dail<span class=\"_ _4\"></span>y or mon<span class=\"_ _4\"></span>thl<span class=\"_ _4\"></span>y rate.  Reve<span class=\"_ _4\"></span>nue f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>ime o<span class=\"_ _4\"></span>r bare<span class=\"_ _4\"></span>bo<span class=\"_ _4\"></span>at cha<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>rs</div>\n<div class=\"t m8 x3b hb y6b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">are ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d for as o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ing l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed over t<span class=\"_ _4\"></span>he d<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n as s<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ice is p<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m8 x1 hb y204 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m210 x3b hb y6c ff2 fs9 fc2 sc0 ls1f ws27\" style=\"z-index: 15;\">Pool<span class=\"_ _1\"></span> revenue<span class=\"ff1 ls2 wsc\">: Aggre<span class=\"_ _4\"></span>gate<span class=\"_ _4\"></span>d reve<span class=\"_ _4\"></span>nue re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d on a dai<span class=\"_ _4\"></span>ly ba<span class=\"_ _4\"></span>sis f<span class=\"_ _4\"></span>rom ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>els o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ing o<span class=\"_ _4\"></span>n voyag<span class=\"_ _4\"></span>e or ti<span class=\"_ _4\"></span>me cha<span class=\"_ _4\"></span>r<span class=\"ws2\">-</span></span></div>\n<div class=\"t m8 x3b hb y6d ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">ter a<span class=\"_ _4\"></span>nd co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t of a<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fr<span class=\"_ _4\"></span>eigh<span class=\"_ _4\"></span>tme<span class=\"_ _4\"></span>nt (\u201cC<span class=\"_ _3\"></span>OA<span class=\"_ _1\"></span>\u201d) wit<span class=\"_ _4\"></span>hin th<span class=\"_ _4\"></span>e po<span class=\"_ _4\"></span>ol is co<span class=\"_ _4\"></span>nver<span class=\"_ _7\"></span>ted i<span class=\"_ _4\"></span>nto an ag<span class=\"_ _4\"></span>gre<span class=\"_ _4\"></span>gate<span class=\"_ _4\"></span>d net r<span class=\"_ _4\"></span>evenu<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt</div>\n<div class=\"t m211 x3b hb y6e ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">by ex<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g aggr<span class=\"_ _4\"></span>ega<span class=\"_ _4\"></span>ted voy<span class=\"_ _4\"></span>age ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es (su<span class=\"_ _4\"></span>ch a<span class=\"_ _4\"></span>s fue<span class=\"_ _4\"></span>l con<span class=\"_ _4\"></span>sum<span class=\"_ _4\"></span>pti<span class=\"_ _4\"></span>on, por<span class=\"_ _7\"></span>t c<span class=\"_ _4\"></span>harg<span class=\"_ _4\"></span>es,..<span class=\"_ _1\"></span>) f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m gros<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>venu<span class=\"_ _4\"></span>e.  This</div>\n<div class=\"t m212 x3b hb y6f ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">net re<span class=\"_ _4\"></span>venu<span class=\"_ _4\"></span>e is us<span class=\"_ _4\"></span>ed to d<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>ne th<span class=\"_ _4\"></span>e po<span class=\"_ _4\"></span>ol Ti<span class=\"_ _4\"></span>me Cha<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r Equi<span class=\"_ _4\"></span>vale<span class=\"_ _4\"></span>nt reve<span class=\"_ _4\"></span>nue (\u201cTCE<span class=\"_ _3\"></span>\u201d).  Aggre<span class=\"_ _4\"></span>gate TCE reve<span class=\"_ _4\"></span>nue</div>\n<div class=\"t m213 x3b hb y70 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">is us<span class=\"_ _4\"></span>ed to a<span class=\"_ _4\"></span>lloc<span class=\"_ _4\"></span>ate r<span class=\"_ _4\"></span>evenu<span class=\"_ _4\"></span>e to th<span class=\"_ _4\"></span>e po<span class=\"_ _4\"></span>ol par<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>s in ac<span class=\"_ _4\"></span>cor<span class=\"_ _4\"></span>dan<span class=\"_ _4\"></span>ce wi<span class=\"_ _4\"></span>th t<span class=\"_ _4\"></span>he allo<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>ted p<span class=\"_ _4\"></span>ool p<span class=\"_ _4\"></span>oin<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s ear<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>d for eac<span class=\"_ _4\"></span>h</div>\n<div class=\"t m8 x3b hb y71 ff1 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>l.  Pool poi<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s are d<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>ned t<span class=\"_ _4\"></span>ak<span class=\"_ _4\"></span>ing i<span class=\"_ _4\"></span>nto ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nt the f<span class=\"_ _4\"></span>ollow<span class=\"_ _4\"></span>ing p<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ame<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>s: int<span class=\"_ _4\"></span>ake (= cap<span class=\"_ _4\"></span>aci<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y of th<span class=\"_ _4\"></span>e ves<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 80px; height: 399px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 80px; height: 1051px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m214 x3f hb y42 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">se<span class=\"_ _4\"></span>l), spe<span class=\"_ _4\"></span>ed, f<span class=\"_ _4\"></span>uel co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>umpt<span class=\"_ _4\"></span>ion p<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>man<span class=\"_ _4\"></span>ce an<span class=\"_ _4\"></span>d ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ual on hi<span class=\"_ _4\"></span>re days<span class=\"_ _4\"></span>.   Th<span class=\"_ _4\"></span>e TCE revenue ea<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ned by o<span class=\"_ _4\"></span>ur ves<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>els</div>\n<div class=\"t m215 x3f hb y7e ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e po<span class=\"_ _4\"></span>ol is e<span class=\"_ _4\"></span>qua<span class=\"_ _4\"></span>l to the p<span class=\"_ _4\"></span>oo<span class=\"_ _4\"></span>l poi<span class=\"_ _4\"></span>nt r<span class=\"_ _4\"></span>atin<span class=\"_ _4\"></span>g of eac<span class=\"_ _4\"></span>h ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>l mult<span class=\"_ _4\"></span>ipl<span class=\"_ _4\"></span>ied by t<span class=\"_ _4\"></span>ime o<span class=\"_ _4\"></span>n hire, as re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d by</div>\n<div class=\"t m18a x3f hb y7f ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">the p<span class=\"_ _4\"></span>oo<span class=\"_ _4\"></span>l mana<span class=\"_ _4\"></span>ger<span class=\"_ _3\"></span>.  Revenu<span class=\"_ _4\"></span>e fr<span class=\"_ _4\"></span>om th<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>e \ufb02oat<span class=\"_ _4\"></span>ing ti<span class=\"_ _4\"></span>me ch<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r agre<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s un<span class=\"_ _4\"></span>der w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ls are e<span class=\"_ _4\"></span>mpl<span class=\"_ _4\"></span>oyed by</div>\n<div class=\"t m8 x3f hb y43 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e poo<span class=\"_ _4\"></span>l is ac<span class=\"_ _4\"></span>coun<span class=\"_ _4\"></span>ted fo<span class=\"_ _4\"></span>r und<span class=\"_ _4\"></span>er IFR<span class=\"_ _4\"></span>S 1<span class=\"_ _1\"></span>5 Reve<span class=\"_ _4\"></span>nue f<span class=\"_ _4\"></span>rom c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s wit<span class=\"_ _4\"></span>h cu<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tome<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>.</div>\n<div class=\"t m0 xe h6 y1b4 ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Re<span class=\"_ _3\"></span>venue<span class=\"_ _1\"></span> from ser<span class=\"_ _4\"></span>vices rendered</div>\n<div class=\"t m8 xe hb y83 ff1 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">Reven<span class=\"_ _4\"></span>ue fr<span class=\"_ _4\"></span>om s<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s suc<span class=\"_ _4\"></span>h as s<span class=\"_ _4\"></span>hip ma<span class=\"_ _4\"></span>nage<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t, eng<span class=\"_ _4\"></span>ine<span class=\"_ _4\"></span>eri<span class=\"_ _4\"></span>ng an<span class=\"_ _4\"></span>d tec<span class=\"_ _4\"></span>hnic<span class=\"_ _4\"></span>al as<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>nce s<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in</div>\n<div class=\"t m216 xe hb y84 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment ov<span class=\"_ _4\"></span>er tim<span class=\"_ _4\"></span>e as t<span class=\"_ _4\"></span>he se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>vi<span class=\"_ _4\"></span>ces a<span class=\"_ _4\"></span>re pr<span class=\"_ _4\"></span>ovid<span class=\"_ _4\"></span>ed. T<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>tom<span class=\"_ _4\"></span>er si<span class=\"_ _4\"></span>mult<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>eou<span class=\"_ _4\"></span>sly r<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>ives a<span class=\"_ _4\"></span>nd co<span class=\"_ _4\"></span>n<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m217 xe hb y85 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">su<span class=\"_ _4\"></span>mes t<span class=\"_ _4\"></span>he be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s prov<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>d by t<span class=\"_ _4\"></span>he ent<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>\u2019s per<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>man<span class=\"_ _4\"></span>ce as t<span class=\"_ _4\"></span>he ent<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>ms (re<span class=\"_ _4\"></span>cur<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ing s<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s). Invoices a<span class=\"_ _4\"></span>nd</div>\n<div class=\"t m8 xe hb y86 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rela<span class=\"_ _4\"></span>ted p<span class=\"_ _4\"></span>ayme<span class=\"_ _4\"></span>nt te<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>s de<span class=\"_ _4\"></span>pen<span class=\"_ _4\"></span>d on i<span class=\"_ _4\"></span>ndiv<span class=\"_ _4\"></span>id<span class=\"_ _4\"></span>ual co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ual te<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m0 xe h6 y205 ff2 fs4 fc1 sc0 ls48 ws4c\" style=\"z-index: 15;\">Licens<span class=\"_ _4\"></span>e income</div>\n<div class=\"t m218 xe hb y89 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Reven<span class=\"_ _4\"></span>ue f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>he lic<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>ing of E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR<span class=\"_ _4\"></span>\u2019s intell<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ual pr<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _7\"></span>y is in g<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>l reco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d over ti<span class=\"_ _4\"></span>me to<span class=\"_ _4\"></span>get<span class=\"_ _4\"></span>her w<span class=\"_ _4\"></span>ith t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m8 xe hb y8a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">und<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>lyi<span class=\"_ _4\"></span>ng se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ices r<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>d ba<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d on ti<span class=\"_ _4\"></span>me an<span class=\"_ _4\"></span>d mater<span class=\"_ _4\"></span>ial s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nt. I<span class=\"_ _4\"></span>n ca<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>he lice<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>e reven<span class=\"_ _4\"></span>ue is co<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>der<span class=\"_ _4\"></span>ed di<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tinc<span class=\"_ _7\"></span>t</div>\n<div class=\"t m219 xe hb yd8 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">and d<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t wi<span class=\"_ _4\"></span>thin t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ontex<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rac<span class=\"_ _7\"></span>t, th<span class=\"_ _4\"></span>is reve<span class=\"_ _4\"></span>nue wi<span class=\"_ _4\"></span>ll be re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d at th<span class=\"_ _4\"></span>e poi<span class=\"_ _4\"></span>nt in ti<span class=\"_ _4\"></span>me w<span class=\"_ _4\"></span>hen E<span class=\"_ _4\"></span>X<span class=\"_ _4\"></span>MAR</div>\n<div class=\"t m8 xe hb y8b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">sa<span class=\"_ _4\"></span>tis<span class=\"_ _4\"></span>\ufb01es t<span class=\"_ _4\"></span>he p<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>ma<span class=\"_ _4\"></span>nce ob<span class=\"_ _4\"></span>liga<span class=\"_ _4\"></span>tion a<span class=\"_ _4\"></span>nd co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ol is t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e cus<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>mer.</div>\n<div class=\"t m0 xe h6 y206 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Gai<span class=\"_ _4\"></span>n on s<span class=\"_ _4\"></span>ale o<span class=\"_ _4\"></span>f as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts</div>\n<div class=\"t m21a xe hb y4d ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">Gain o<span class=\"_ _4\"></span>n the s<span class=\"_ _4\"></span>ale o<span class=\"_ _4\"></span>f as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s (ves<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>els a<span class=\"_ _4\"></span>nd bar<span class=\"_ _4\"></span>ges) i<span class=\"_ _4\"></span>s reco<span class=\"_ _4\"></span>gniz<span class=\"_ _4\"></span>ed in t<span class=\"_ _4\"></span>he pr<span class=\"_ _4\"></span>o\ufb01t or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t whe<span class=\"_ _4\"></span>n con<span class=\"_ _4\"></span>trol o<span class=\"_ _4\"></span>f the</div>\n<div class=\"t m21b xe hb y4e ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">go<span class=\"_ _4\"></span>ods u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>erl<span class=\"_ _4\"></span>yin<span class=\"_ _4\"></span>g the p<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>icu<span class=\"_ _4\"></span>lar pe<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>fo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>manc<span class=\"_ _4\"></span>e obli<span class=\"_ _4\"></span>gati<span class=\"_ _4\"></span>on is t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e cus<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>mer<span class=\"_ _1\"></span>, w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h in ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>al is a<span class=\"_ _4\"></span>t the</div>\n<div class=\"t m21c xe hb y72 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">mom<span class=\"_ _4\"></span>ent of d<span class=\"_ _4\"></span>eli<span class=\"_ _4\"></span>ver<span class=\"_ _4\"></span>y of t<span class=\"_ _4\"></span>he ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>el or b<span class=\"_ _4\"></span>arg<span class=\"_ _4\"></span>e to th<span class=\"_ _4\"></span>e cus<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>mer. Invoices a<span class=\"_ _4\"></span>nd re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d pay<span class=\"_ _4\"></span>ment t<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ms de<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nd o<span class=\"_ _4\"></span>n ind<span class=\"_ _4\"></span>i<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y4f ff1 fs9 fc2 sc0 ls17 ws2c\" style=\"z-index: 15;\">vidual co<span class=\"_ _4\"></span>ntra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tual ter<span class=\"_ _4\"></span>ms.</div>\n<div class=\"t m0 xe h6 y207 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Revenu<span class=\"_ _4\"></span>e fro<span class=\"_ _4\"></span>m sa<span class=\"_ _4\"></span>le of go<span class=\"_ _4\"></span>ods</div>\n<div class=\"t m1b1 xe hb y53 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s w<span class=\"_ _4\"></span>ith c<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>mer<span class=\"_ _4\"></span>s to s<span class=\"_ _4\"></span>ell go<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>s have on<span class=\"_ _4\"></span>ly on<span class=\"_ _4\"></span>e per<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>ma<span class=\"_ _4\"></span>nce o<span class=\"_ _4\"></span>blig<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n. Reven<span class=\"_ _4\"></span>ue re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on oc<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>rs at a</div>\n<div class=\"t m8 xe hb y54 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">poi<span class=\"_ _4\"></span>nt in t<span class=\"_ _4\"></span>ime w<span class=\"_ _4\"></span>hen c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rol of t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t is tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>sf<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>red t<span class=\"_ _4\"></span>o the c<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>mer<span class=\"_ _1\"></span>, i<span class=\"_ _4\"></span>n gen<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>al up<span class=\"_ _4\"></span>on t<span class=\"_ _4\"></span>he de<span class=\"_ _4\"></span>liver<span class=\"_ _7\"></span>y of go<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m0 xe h6 y1dd ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Manufac<span class=\"_ _4\"></span>turing projec<span class=\"_ _4\"></span>t revenue</div>\n<div class=\"t m21d xe hb y57 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">For reve<span class=\"_ _4\"></span>nue o<span class=\"_ _4\"></span>ut of ma<span class=\"_ _4\"></span>nuf<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing p<span class=\"_ _4\"></span>rojec<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>s, the p<span class=\"_ _4\"></span>erc<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>age o<span class=\"_ _4\"></span>f com<span class=\"_ _4\"></span>plet<span class=\"_ _4\"></span>ion me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>d is us<span class=\"_ _4\"></span>ed, p<span class=\"_ _4\"></span>rovid<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he ou<span class=\"_ _4\"></span>t<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y58 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>e of th<span class=\"_ _4\"></span>e proj<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t c<span class=\"_ _4\"></span>an b<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ed w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h reas<span class=\"_ _4\"></span>ona<span class=\"_ _4\"></span>ble ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>.</div>\n\n<div class=\"t m0 xe h6 y1b7 ff2 fs4 fc1 sc0 ls4d ws53\" style=\"z-index: 15;\">Commissions</div>\n<div class=\"t m180 xe hb y5c ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">if t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>n the c<span class=\"_ _4\"></span>ap<span class=\"_ _4\"></span>aci<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y of an ag<span class=\"_ _4\"></span>ent r<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>han as a p<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>pal in t<span class=\"_ _4\"></span>he tr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>nsa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n, the<span class=\"_ _4\"></span>n the re<span class=\"_ _4\"></span>venue r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>g<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">nis<span class=\"_ _4\"></span>ed is t<span class=\"_ _4\"></span>he ne<span class=\"_ _4\"></span>t amo<span class=\"_ _4\"></span>unt of co<span class=\"_ _4\"></span>mmi<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ion r<span class=\"_ _4\"></span>ealize<span class=\"_ _4\"></span>d by th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 476px; height: 61px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 476px; height: 663px; width: 92%; z-index: 3;\"><br/></div>\n\n\n<div class=\"t m0 xe h13 y60 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">M. <span class=\"_ _b8\"> </span><span class=\"ls52 ws5a\">LEA<span class=\"_ _4\"></span>SES</span></div>\n<div class=\"t me5 xe hb y76 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">At inc<span class=\"_ _4\"></span>ept<span class=\"_ _4\"></span>ion of a co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>t, th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>her a c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rac<span class=\"_ _7\"></span>t is, or c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ain<span class=\"_ _4\"></span>s, a leas<span class=\"_ _4\"></span>e. A cont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t is, o<span class=\"_ _4\"></span>r cont<span class=\"_ _4\"></span>ain<span class=\"_ _4\"></span>s,</div>\n<div class=\"t m1a2 xe hb y61 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">a leas<span class=\"_ _4\"></span>e if t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>t convey<span class=\"_ _4\"></span>s th<span class=\"_ _4\"></span>e rig<span class=\"_ _4\"></span>ht to co<span class=\"_ _4\"></span>ntro<span class=\"_ _4\"></span>l th<span class=\"_ _4\"></span>e use of a<span class=\"_ _4\"></span>n id<span class=\"_ _4\"></span>enti<span class=\"_ _4\"></span>\ufb01ed a<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>set fo<span class=\"_ _4\"></span>r a pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d of ti<span class=\"_ _4\"></span>me in exc<span class=\"_ _4\"></span>ha<span class=\"_ _4\"></span>nge</div>\n<div class=\"t m8 xe hb y77 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">for consideration.</div>\n<div class=\"t m0 xe h6 y208 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s a les<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>e</div>\n<div class=\"t m21e xe hb y79 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">At com<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>ment o<span class=\"_ _4\"></span>r on mo<span class=\"_ _4\"></span>di<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n of a con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>hat co<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>ains a l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e com<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>nent<span class=\"_ _4\"></span>, the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p alloc<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>es th<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y66 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">sid<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on in t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>o each l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e com<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>nent o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e bas<span class=\"_ _4\"></span>is of it<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>lati<span class=\"_ _4\"></span>ve s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>- alo<span class=\"_ _4\"></span>ne pr<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m21f xe hb y67 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p rec<span class=\"_ _4\"></span>og<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>s a ri<span class=\"_ _4\"></span>ght-<span class=\"_ _4\"></span>of-<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set a<span class=\"_ _4\"></span>nd a lea<span class=\"_ _4\"></span>se li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y at t<span class=\"_ _4\"></span>he lea<span class=\"_ _4\"></span>se co<span class=\"_ _4\"></span>mme<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt date. T<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>ight-<span class=\"_ _4\"></span>of-<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>e</div>\n<div class=\"t m220 xe hb y68 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set i<span class=\"_ _4\"></span>s init<span class=\"_ _4\"></span>ially m<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>red a<span class=\"_ _4\"></span>t cos<span class=\"_ _4\"></span>t, w<span class=\"_ _4\"></span>hich co<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>ris<span class=\"_ _4\"></span>es t<span class=\"_ _4\"></span>he ini<span class=\"_ _4\"></span>tial a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e leas<span class=\"_ _4\"></span>e liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d for any l<span class=\"_ _4\"></span>ease</div>\n<div class=\"t m221 xe hb y69 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">pay<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s mad<span class=\"_ _4\"></span>e at or b<span class=\"_ _4\"></span>efor<span class=\"_ _4\"></span>e the c<span class=\"_ _4\"></span>omm<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt dat<span class=\"_ _4\"></span>e, plus any i<span class=\"_ _4\"></span>nitia<span class=\"_ _4\"></span>l dire<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t co<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>ncu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>nd an e<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>e of cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s</div>\n<div class=\"t m222 xe hb y6a ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">to dis<span class=\"_ _4\"></span>ma<span class=\"_ _4\"></span>ntle a<span class=\"_ _4\"></span>nd re<span class=\"_ _4\"></span>move th<span class=\"_ _4\"></span>e und<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>lyi<span class=\"_ _4\"></span>ng as<span class=\"_ _4\"></span>set o<span class=\"_ _4\"></span>r to re<span class=\"_ _4\"></span>sto<span class=\"_ _4\"></span>re t<span class=\"_ _4\"></span>he und<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>lyi<span class=\"_ _4\"></span>ng as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t or th<span class=\"_ _4\"></span>e site o<span class=\"_ _4\"></span>n wh<span class=\"_ _4\"></span>ich i<span class=\"_ _4\"></span>t is loc<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d,</div>\n<div class=\"t m8 xe hb y7b ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">less any lease incentives received.</div>\n<div class=\"t m223 xe hb y6b ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e rig<span class=\"_ _4\"></span>ht-o<span class=\"_ _4\"></span>f-u<span class=\"_ _4\"></span>se a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et is s<span class=\"_ _4\"></span>ubs<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>ue<span class=\"_ _4\"></span>ntly d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>d usi<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e st<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ight-<span class=\"_ _4\"></span>line me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>d f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>mme<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t date</div>\n<div class=\"t m8 xe hb y6c ff1 fs9 fc2 sc0 ls2 ws24\" style=\"z-index: 15;\">to th<span class=\"_ _4\"></span>e end o<span class=\"_ _4\"></span>f the l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e ter<span class=\"_ _4\"></span>m, unle<span class=\"_ _4\"></span>ss t<span class=\"_ _4\"></span>he le<span class=\"_ _4\"></span>ase t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>s ow<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>hip of t<span class=\"_ _4\"></span>he un<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>rly<span class=\"_ _4\"></span>ing a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et to t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up by t<span class=\"_ _4\"></span>he en<span class=\"_ _4\"></span>d</div>\n<div class=\"t m224 xe hb y6d ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e leas<span class=\"_ _4\"></span>e ter<span class=\"_ _4\"></span>m or t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>st o<span class=\"_ _4\"></span>f the r<span class=\"_ _4\"></span>igh<span class=\"_ _4\"></span>t-of-<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t re\ufb02e<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s tha<span class=\"_ _4\"></span>t the G<span class=\"_ _4\"></span>roup w<span class=\"_ _4\"></span>ill exer<span class=\"_ _4\"></span>cis<span class=\"_ _4\"></span>e a pur<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>se op<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n. In tha<span class=\"_ _4\"></span>t</div>\n<div class=\"t m8 xe hb y6e ff1 fs9 fc2 sc0 ls2 ws4e\" style=\"z-index: 15;\">ca<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>ight-<span class=\"_ _4\"></span>of-<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set w<span class=\"_ _4\"></span>ill be d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>d over t<span class=\"_ _4\"></span>he us<span class=\"_ _4\"></span>efu<span class=\"_ _4\"></span>l life of t<span class=\"_ _4\"></span>he un<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>rly<span class=\"_ _4\"></span>ing a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et, w<span class=\"_ _4\"></span>hich i<span class=\"_ _4\"></span>s det<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>mine<span class=\"_ _4\"></span>d on</div>\n<div class=\"t m225 xe hb y6f ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e sam<span class=\"_ _4\"></span>e bas<span class=\"_ _4\"></span>is as t<span class=\"_ _4\"></span>hos<span class=\"_ _4\"></span>e of pr<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _7\"></span>y and e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>pme<span class=\"_ _4\"></span>nt. I<span class=\"_ _4\"></span>n ad<span class=\"_ _4\"></span>diti<span class=\"_ _4\"></span>on, th<span class=\"_ _4\"></span>e rig<span class=\"_ _4\"></span>ht-o<span class=\"_ _4\"></span>f-u<span class=\"_ _4\"></span>se a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et is p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>ally re<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>ced by</div>\n<div class=\"t m8 xe hb y70 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es, if a<span class=\"_ _4\"></span>ny<span class=\"_ _1\"></span>, an<span class=\"_ _4\"></span>d adj<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>ted f<span class=\"_ _4\"></span>or cer<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>ain re<span class=\"_ _4\"></span>meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s of th<span class=\"_ _4\"></span>e leas<span class=\"_ _4\"></span>e liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y.</div>\n<div class=\"t m226 xe hb y71 ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e leas<span class=\"_ _4\"></span>e liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y is i<span class=\"_ _4\"></span>nit<span class=\"_ _4\"></span>ially me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>red a<span class=\"_ _4\"></span>t the p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alue o<span class=\"_ _4\"></span>f the l<span class=\"_ _4\"></span>ease p<span class=\"_ _4\"></span>aym<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e not pai<span class=\"_ _4\"></span>d at th<span class=\"_ _4\"></span>e com<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ce<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 80px; height: 366px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 80px; height: 1059px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m8 x1 hb y42 ff1 fs9 fc2 sc0 ls2 ws2c\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t date, dis<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d usi<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate imp<span class=\"_ _4\"></span>lici<span class=\"_ _4\"></span>t in t<span class=\"_ _4\"></span>he leas<span class=\"_ _4\"></span>e or<span class=\"_ _3\"></span>, if th<span class=\"_ _4\"></span>at ra<span class=\"_ _4\"></span>te ca<span class=\"_ _4\"></span>nnot b<span class=\"_ _4\"></span>e rea<span class=\"_ _4\"></span>dily d<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>d, the</div>\n<div class=\"t m197 x1 hb y7e ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Gro<span class=\"_ _4\"></span>up<span class=\"_ _3\"></span>\u2019<span class=\"_ _3\"></span>s inc<span class=\"_ _4\"></span>rem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>al b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ng r<span class=\"_ _4\"></span>ate. Gen<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ally<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup u<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s it<span class=\"_ _4\"></span>s inc<span class=\"_ _4\"></span>rem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>al b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ng r<span class=\"_ _4\"></span>ate as t<span class=\"_ _4\"></span>he dis<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>unt r<span class=\"_ _4\"></span>ate.</div>\n<div class=\"t m227 x1 hb y7f ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p det<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>mine<span class=\"_ _4\"></span>s it<span class=\"_ _4\"></span>s in<span class=\"_ _4\"></span>cre<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>tal b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing r<span class=\"_ _4\"></span>ate by o<span class=\"_ _4\"></span>bt<span class=\"_ _4\"></span>aini<span class=\"_ _4\"></span>ng inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s fro<span class=\"_ _4\"></span>m var<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>us ex<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>rn<span class=\"_ _4\"></span>al \ufb01na<span class=\"_ _4\"></span>ncin<span class=\"_ _4\"></span>g</div>\n<div class=\"t m8 x1 hb y43 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">so<span class=\"_ _4\"></span>urce<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d makes ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain a<span class=\"_ _4\"></span>djus<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to re\ufb02e<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>he ter<span class=\"_ _4\"></span>ms o<span class=\"_ _4\"></span>f the l<span class=\"_ _4\"></span>ease a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>pe of t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et lea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m8 x1 hb y1c8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lea<span class=\"_ _4\"></span>se pay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ed in t<span class=\"_ _4\"></span>he me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>rem<span class=\"_ _4\"></span>ent of t<span class=\"_ _4\"></span>he le<span class=\"_ _4\"></span>ase li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y com<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>e the f<span class=\"_ _4\"></span>ollow<span class=\"_ _4\"></span>ing:</div>\n<div class=\"t m8 x1 hb y209 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Fi<span class=\"_ _4\"></span>xed pay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s, inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ing in<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>sub<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ce \ufb01<span class=\"_ _4\"></span>xed pay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s;</div>\n<div class=\"t m8 x1 hb y20a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m228 x3b hb y82 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Varia<span class=\"_ _4\"></span>ble le<span class=\"_ _4\"></span>ase p<span class=\"_ _4\"></span>aym<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>hat de<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nd on a<span class=\"_ _4\"></span>n ind<span class=\"_ _4\"></span>ex or a r<span class=\"_ _4\"></span>ate, ini<span class=\"_ _4\"></span>tiall<span class=\"_ _4\"></span>y meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d usi<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e ind<span class=\"_ _4\"></span>ex or r<span class=\"_ _4\"></span>ate a<span class=\"_ _4\"></span>s at th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 x3b hb y83 ff1 fs9 fc2 sc0 ls31 ws3e\" style=\"z-index: 15;\">commencemen<span class=\"_ _1\"></span>t date<span class=\"_ _1\"></span>;</div>\n<div class=\"t m8 x1 hb y20b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s exp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed to b<span class=\"_ _4\"></span>e paya<span class=\"_ _4\"></span>ble u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>er a res<span class=\"_ _4\"></span>id<span class=\"_ _4\"></span>ual val<span class=\"_ _4\"></span>ue gu<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ante<span class=\"_ _4\"></span>e<span class=\"_ _3\"></span>; and</div>\n<div class=\"t m8 x1 hb y20c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span><span class=\"ws3a\">Th<span class=\"_ _4\"></span>e exerc<span class=\"_ _4\"></span>ise p<span class=\"_ _4\"></span>ric<span class=\"_ _4\"></span>e und<span class=\"_ _4\"></span>er a p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>e opt<span class=\"_ _4\"></span>ion t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up is r<span class=\"_ _4\"></span>easo<span class=\"_ _4\"></span>nab<span class=\"_ _4\"></span>ly ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain to exe<span class=\"_ _4\"></span>rci<span class=\"_ _4\"></span>se, leas<span class=\"_ _4\"></span>e pay<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts i<span class=\"_ _4\"></span>n </span></div>\n<div class=\"t m8 x3b hb y20d ff1 fs9 fc2 sc0 ls2 ws1c\" style=\"z-index: 15;\">an o<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>nal re<span class=\"_ _4\"></span>new<span class=\"_ _4\"></span>al pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d if t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up is r<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>onab<span class=\"_ _4\"></span>ly ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain to e<span class=\"_ _4\"></span>xerci<span class=\"_ _4\"></span>se an e<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>tens<span class=\"_ _4\"></span>ion o<span class=\"_ _4\"></span>pti<span class=\"_ _4\"></span>on, and p<span class=\"_ _4\"></span>ena<span class=\"_ _4\"></span>ltie<span class=\"_ _4\"></span>s for</div>\n<div class=\"t m8 x3b hb y20e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ear<span class=\"_ _4\"></span>ly te<span class=\"_ _4\"></span>rmi<span class=\"_ _4\"></span>nati<span class=\"_ _4\"></span>on of a le<span class=\"_ _4\"></span>ase u<span class=\"_ _4\"></span>nles<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up is r<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ona<span class=\"_ _4\"></span>bly ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain n<span class=\"_ _4\"></span>ot to ter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>nate ear<span class=\"_ _4\"></span>ly.</div>\n<div class=\"t mcd x1 hb y8c ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e leas<span class=\"_ _4\"></span>e liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y is m<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at amo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d cos<span class=\"_ _4\"></span>t us<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he ef<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ive inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>d. It is r<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>red w<span class=\"_ _4\"></span>hen t<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>e</div>\n<div class=\"t m229 x1 hb y88 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">is a c<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>e in fu<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>re leas<span class=\"_ _4\"></span>e pay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s ari<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>g fro<span class=\"_ _4\"></span>m a cha<span class=\"_ _4\"></span>nge i<span class=\"_ _4\"></span>n an in<span class=\"_ _4\"></span>dex or r<span class=\"_ _4\"></span>ate, if t<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>e is a cha<span class=\"_ _4\"></span>nge i<span class=\"_ _4\"></span>n the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s</div>\n<div class=\"t m18a x1 hb y89 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">es<span class=\"_ _4\"></span>tim<span class=\"_ _4\"></span>ate of t<span class=\"_ _4\"></span>he amo<span class=\"_ _4\"></span>unt ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to be p<span class=\"_ _4\"></span>ayab<span class=\"_ _4\"></span>le un<span class=\"_ _4\"></span>der a r<span class=\"_ _4\"></span>esi<span class=\"_ _4\"></span>dual v<span class=\"_ _4\"></span>alue g<span class=\"_ _4\"></span>uar<span class=\"_ _4\"></span>ante<span class=\"_ _4\"></span>e, if the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s it<span class=\"_ _4\"></span>s as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m22a x1 hb y8a ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t of wh<span class=\"_ _4\"></span>ethe<span class=\"_ _4\"></span>r it wi<span class=\"_ _4\"></span>ll exerc<span class=\"_ _4\"></span>ise a p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>e, ext<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>ion or t<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>mina<span class=\"_ _4\"></span>tion o<span class=\"_ _4\"></span>pti<span class=\"_ _4\"></span>on or i<span class=\"_ _4\"></span>f the<span class=\"_ _4\"></span>re is a re<span class=\"_ _4\"></span>vis<span class=\"_ _4\"></span>ed in<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>sub<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>nce</div>\n<div class=\"t m8 x1 hb yd8 ff1 fs9 fc2 sc0 ls27 ws13\" style=\"z-index: 15;\">\ufb01xed<span class=\"_ _1\"></span> lease pa<span class=\"_ _1\"></span>yment.</div>\n<div class=\"t m22b x1 hb y8b ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he lea<span class=\"_ _4\"></span>se lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>y i<span class=\"_ _4\"></span>s rem<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ured i<span class=\"_ _4\"></span>n thi<span class=\"_ _4\"></span>s way<span class=\"_ _1\"></span>, a c<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>ng adj<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent is m<span class=\"_ _4\"></span>ade to t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>ing am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>t of</div>\n<div class=\"t ma8 x1 hb y4a ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e rig<span class=\"_ _4\"></span>ht-o<span class=\"_ _4\"></span>f-u<span class=\"_ _4\"></span>se a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et, o<span class=\"_ _4\"></span>r is rec<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss i<span class=\"_ _4\"></span>f th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _4\"></span>ng amo<span class=\"_ _4\"></span>unt of t<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>igh<span class=\"_ _4\"></span>t-of-<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et has b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n re<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">duc<span class=\"_ _4\"></span>ed to ze<span class=\"_ _4\"></span>ro.</div>\n<div class=\"t m22c x1 hb y4c ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">The G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p pre<span class=\"_ _4\"></span>sen<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s rig<span class=\"_ _4\"></span>ht-of<span class=\"_ _4\"></span>-u<span class=\"_ _4\"></span>se as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s se<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>atel<span class=\"_ _4\"></span>y on t<span class=\"_ _4\"></span>he fa<span class=\"_ _4\"></span>ce of th<span class=\"_ _4\"></span>e bala<span class=\"_ _4\"></span>nce s<span class=\"_ _4\"></span>hee<span class=\"_ _4\"></span>t and le<span class=\"_ _4\"></span>ase lia<span class=\"_ _4\"></span>bili<span class=\"_ _4\"></span>ties i<span class=\"_ _4\"></span>n \u201cLoan<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x1 hb y4d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">and b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s\u201d in the s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment of \ufb01<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cial p<span class=\"_ _4\"></span>osi<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n.</div>\n<div class=\"t m0 x1 h6 y1b1 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Sho<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t-term le<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d lea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s of low<span class=\"_ _4\"></span>-val<span class=\"_ _4\"></span>ue a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s</div>\n<div class=\"t m22d x1 hb y50 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p has el<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d not to r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se r<span class=\"_ _4\"></span>ight-<span class=\"_ _4\"></span>of-<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd le<span class=\"_ _4\"></span>ase li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s for le<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>s of low<span class=\"_ _4\"></span>-va<span class=\"_ _4\"></span>lue as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s and</div>\n<div class=\"t mce x1 hb y51 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">sh<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t-te<span class=\"_ _4\"></span>rm l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>es, in<span class=\"_ _4\"></span>clud<span class=\"_ _4\"></span>ing IT e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>pme<span class=\"_ _4\"></span>nt. T<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>es th<span class=\"_ _4\"></span>e leas<span class=\"_ _4\"></span>e pay<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>iated w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h the<span class=\"_ _4\"></span>se le<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x1 hb y52 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">as an e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>e on a s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>aig<span class=\"_ _4\"></span>ht-li<span class=\"_ _4\"></span>ne ba<span class=\"_ _4\"></span>sis ove<span class=\"_ _4\"></span>r the l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e ter<span class=\"_ _4\"></span>m.</div>\n<div class=\"t m0 x1 h6 y1a9 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s a les<span class=\"_ _4\"></span>so<span class=\"_ _4\"></span>r</div>\n<div class=\"t m8 x1 hb y55 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">At inc<span class=\"_ _4\"></span>ept<span class=\"_ _4\"></span>ion o<span class=\"_ _4\"></span>r on mo<span class=\"_ _4\"></span>di\ufb01c<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion of a c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t tha<span class=\"_ _4\"></span>t cont<span class=\"_ _4\"></span>ai<span class=\"_ _4\"></span>ns a lea<span class=\"_ _4\"></span>se co<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>one<span class=\"_ _4\"></span>nt, th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up allo<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>tes t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>der<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>-</div>\n<div class=\"t m8 x1 hb y56 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">tio<span class=\"_ _4\"></span>n in th<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t to ea<span class=\"_ _4\"></span>ch le<span class=\"_ _4\"></span>ase c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>ent o<span class=\"_ _4\"></span>n the b<span class=\"_ _4\"></span>asi<span class=\"_ _4\"></span>s of the<span class=\"_ _4\"></span>ir rel<span class=\"_ _4\"></span>ative s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>d-<span class=\"_ _4\"></span>alo<span class=\"_ _4\"></span>ne pr<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m22e x1 hb y57 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>s a les<span class=\"_ _4\"></span>so<span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>, it d<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>nes at l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e ince<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n wh<span class=\"_ _4\"></span>eth<span class=\"_ _4\"></span>er eac<span class=\"_ _4\"></span>h lea<span class=\"_ _4\"></span>se is a \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>e leas<span class=\"_ _4\"></span>e or an o<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y58 ff1 fs9 fc2 sc0 lsf ws1c\" style=\"z-index: 15;\">erat<span class=\"_ _4\"></span>ing lease.</div>\n<div class=\"t m22f x1 hb y59 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>o cla<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>if<span class=\"_ _4\"></span>y ea<span class=\"_ _4\"></span>ch le<span class=\"_ _4\"></span>ase, th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p makes a<span class=\"_ _4\"></span>n over<span class=\"_ _4\"></span>all as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>sme<span class=\"_ _4\"></span>nt of w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>he lea<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>s su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>antia<span class=\"_ _4\"></span>lly all of</div>\n<div class=\"t m8 x1 hb y5a ff1 fs9 fc2 sc0 ls2 ws4e\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e ris<span class=\"_ _4\"></span>ks a<span class=\"_ _4\"></span>nd re<span class=\"_ _4\"></span>war<span class=\"_ _4\"></span>ds in<span class=\"_ _4\"></span>cid<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>al to ow<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>hip of t<span class=\"_ _4\"></span>he un<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>rly<span class=\"_ _4\"></span>ing a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et. I<span class=\"_ _4\"></span>f this i<span class=\"_ _4\"></span>s the c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>e, the<span class=\"_ _4\"></span>n the l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e is a \ufb01na<span class=\"_ _4\"></span>nce</div>\n<div class=\"t m230 x1 hb y5b ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">leas<span class=\"_ _4\"></span>e; if not, t<span class=\"_ _4\"></span>hen i<span class=\"_ _4\"></span>t is an o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ing le<span class=\"_ _4\"></span>ase. A<span class=\"_ _4\"></span>s pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>his as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>sm<span class=\"_ _4\"></span>ent, t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up co<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>rs c<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain i<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>cat<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>s suc<span class=\"_ _4\"></span>h</div>\n<div class=\"t m8 x1 hb y5c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">as w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>he lea<span class=\"_ _4\"></span>se is f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e majo<span class=\"_ _4\"></span>r par<span class=\"_ _7\"></span>t of th<span class=\"_ _4\"></span>e eco<span class=\"_ _4\"></span>nomi<span class=\"_ _4\"></span>c life of t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et.</div>\n<div class=\"t m231 x1 hb y5d ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">If an ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt co<span class=\"_ _4\"></span>nta<span class=\"_ _4\"></span>ins lea<span class=\"_ _4\"></span>se a<span class=\"_ _4\"></span>nd no<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>leas<span class=\"_ _4\"></span>e com<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>nent<span class=\"_ _4\"></span>s, t<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>n the Gr<span class=\"_ _4\"></span>oup a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>lies IFRS 15 to alloc<span class=\"_ _4\"></span>ate t<span class=\"_ _4\"></span>he con</div>\n<div class=\"t me x14 hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y5e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">sid<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on in t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>.</div>\n<div class=\"t m8 x1 hb y20f ff1 fs9 fc2 sc0 ls2 ws1c\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p rec<span class=\"_ _4\"></span>ogni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s leas<span class=\"_ _4\"></span>e pay<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts r<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>ived u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>er op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ng lea<span class=\"_ _4\"></span>ses a<span class=\"_ _4\"></span>s inco<span class=\"_ _4\"></span>me o<span class=\"_ _4\"></span>n a st<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ight-<span class=\"_ _4\"></span>line b<span class=\"_ _4\"></span>asis ove<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 x1 hb y210 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">leas<span class=\"_ _4\"></span>e ter<span class=\"_ _4\"></span>m a<span class=\"_ _4\"></span>s par<span class=\"_ _7\"></span>t of \u201cRevenu<span class=\"_ _4\"></span>e\u201d<span class=\"_ _2\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 426px; height: 713px; width: 92%; z-index: 3;\"><br/></div>\n\n\n<div class=\"t m0 x1 h13 y61 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">N. <span class=\"_\"> </span><span class=\"ls4c ws52\">GO<span class=\"_ _3\"></span>VERNMENT GR<span class=\"_ _4\"></span>ANT<span class=\"_ _4\"></span>S</span></div>\n<div class=\"t m141 x1 hb y63 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Gover<span class=\"_ _4\"></span>n<span class=\"_ _4\"></span>ment g<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>ally as d<span class=\"_ _4\"></span>efer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d in<span class=\"_ _4\"></span>come a<span class=\"_ _4\"></span>t fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>ere is a r<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ona<span class=\"_ _4\"></span>ble as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ance</div>\n<div class=\"t m232 x1 hb y64 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">tha<span class=\"_ _4\"></span>t they w<span class=\"_ _4\"></span>ill be r<span class=\"_ _4\"></span>ecei<span class=\"_ _4\"></span>ved a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p will c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>ly wi<span class=\"_ _4\"></span>th t<span class=\"_ _4\"></span>he con<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s ass<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>d wit<span class=\"_ _4\"></span>h the g<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nt an<span class=\"_ _4\"></span>d are t<span class=\"_ _4\"></span>hen</div>\n<div class=\"t m5d x1 hb y65 ff1 fs9 fc2 sc0 ls23 wsf\" style=\"z-index: 15;\">rec<span class=\"_ _4\"></span>og<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d in p<span class=\"_ _4\"></span>ro\ufb01t a<span class=\"_ _4\"></span>nd lo<span class=\"_ _4\"></span>ss a<span class=\"_ _4\"></span>s oth<span class=\"_ _4\"></span>er inc<span class=\"_ _4\"></span>ome o<span class=\"_ _4\"></span>n a sy<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tem<span class=\"_ _4\"></span>atic b<span class=\"_ _4\"></span>asi<span class=\"_ _4\"></span>s over th<span class=\"_ _4\"></span>e us<span class=\"_ _4\"></span>efu<span class=\"_ _4\"></span>l life of t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et. Gr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s tha<span class=\"_ _4\"></span>t</div>\n<div class=\"t m233 x1 hb y79 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nsa<span class=\"_ _4\"></span>te th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p for ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>es in<span class=\"_ _4\"></span>cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>n a sys<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>mati<span class=\"_ _4\"></span>c bas<span class=\"_ _4\"></span>is in t<span class=\"_ _4\"></span>he pe<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ods</div>\n<div class=\"t m8 x1 hb y66 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">in which the expens<span class=\"_ _4\"></span>es are recognised.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 278px; height: 119px; width: 92%; z-index: 3;\"><br/></div>\n\n\n<div class=\"t m0 x1 h13 y69 ff3 fs4 fc0 sc0 ls53 ws5b\" style=\"z-index: 15;\">O. <span class=\"_ _d6\"> </span><span class=\"ls48 ws4c\">FINANCE<span class=\"_ _3\"></span> INCOM<span class=\"_ _3\"></span>E AND EXPENS<span class=\"_ _3\"></span>ES</span></div>\n<div class=\"t m234 x1 hb y7b ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">Fina<span class=\"_ _4\"></span>nce i<span class=\"_ _4\"></span>nco<span class=\"_ _4\"></span>me con<span class=\"_ _4\"></span>sis<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s of in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>s r<span class=\"_ _4\"></span>ecei<span class=\"_ _4\"></span>ved, di<span class=\"_ _4\"></span>vid<span class=\"_ _4\"></span>end i<span class=\"_ _4\"></span>nco<span class=\"_ _4\"></span>me, gains o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e dis<span class=\"_ _4\"></span>pos<span class=\"_ _4\"></span>al of e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y se<span class=\"_ _4\"></span>cur<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>ies at F<span class=\"_ _4\"></span>V<span class=\"_ _7\"></span>TPL,</div>\n<div class=\"t m235 x1 hb y6b ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s in t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue of \ufb01n<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s at fa<span class=\"_ _4\"></span>ir val<span class=\"_ _4\"></span>ue th<span class=\"_ _4\"></span>roug<span class=\"_ _4\"></span>h pr<span class=\"_ _4\"></span>o\ufb01t or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s, and g<span class=\"_ _4\"></span>ains o<span class=\"_ _4\"></span>n he<span class=\"_ _4\"></span>dgi<span class=\"_ _4\"></span>ng ins<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s</div>\n<div class=\"t m236 x1 hb y6c ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">tha<span class=\"_ _4\"></span>t are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d exch<span class=\"_ _4\"></span>ange r<span class=\"_ _4\"></span>ate g<span class=\"_ _4\"></span>ains<span class=\"_ _4\"></span>. Inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t in<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e is rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he pro<span class=\"_ _4\"></span>\ufb01t or lo<span class=\"_ _4\"></span>ss</div>\n<div class=\"t m237 x1 hb y6d ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">s<span class=\"_ _4\"></span>tat<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt as it a<span class=\"_ _4\"></span>ccr<span class=\"_ _4\"></span>ue<span class=\"_ _4\"></span>s, t<span class=\"_ _4\"></span>aki<span class=\"_ _4\"></span>ng int<span class=\"_ _4\"></span>o acco<span class=\"_ _4\"></span>unt t<span class=\"_ _4\"></span>he ef<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ive yi<span class=\"_ _4\"></span>eld o<span class=\"_ _4\"></span>n the a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et. D<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>den<span class=\"_ _4\"></span>d inc<span class=\"_ _4\"></span>ome i<span class=\"_ _4\"></span>s reco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 x1 hb y6e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>\ufb01t or lo<span class=\"_ _4\"></span>ss s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t on th<span class=\"_ _4\"></span>e date t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he di<span class=\"_ _4\"></span>vid<span class=\"_ _4\"></span>end i<span class=\"_ _4\"></span>s de<span class=\"_ _4\"></span>clar<span class=\"_ _4\"></span>ed.</div>\n<div class=\"t m8 x1 hb y211 ff1 fs9 fc2 sc0 ls2 ws55\" style=\"z-index: 15;\">Fina<span class=\"_ _4\"></span>nce ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t of inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse o<span class=\"_ _4\"></span>n bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owi<span class=\"_ _4\"></span>ngs, u<span class=\"_ _4\"></span>nwin<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g of the d<span class=\"_ _4\"></span>isc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>t on pr<span class=\"_ _4\"></span>ovis<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s, cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s in</div>\n<div class=\"t m15f x1 hb y70 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e fair v<span class=\"_ _4\"></span>alue o<span class=\"_ _4\"></span>f \ufb01nan<span class=\"_ _4\"></span>cial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue th<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>gh pr<span class=\"_ _4\"></span>o\ufb01t or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s, imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s rec<span class=\"_ _4\"></span>og<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d on \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s,</div>\n<div class=\"t m8 x1 hb y71 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">exch<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>e rat<span class=\"_ _4\"></span>e los<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s on he<span class=\"_ _4\"></span>dgi<span class=\"_ _4\"></span>ng in<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s tha<span class=\"_ _4\"></span>t are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 80px; height: 168px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 80px; height: 1059px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m238 xe hb y42 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">Borrowing costs that are not directly attributable to the acquisition, construction or production of a qualifying asset</div>\n<div class=\"t m239 xe hb y7e ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">are recognised in pro\ufb01t or loss using the effective interest method. Fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y gai<span class=\"_ _4\"></span>ns an<span class=\"_ _4\"></span>d los<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 xe hb y7f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">on a ne<span class=\"_ _4\"></span>t bas<span class=\"_ _4\"></span>is pe<span class=\"_ _4\"></span>r cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y as e<span class=\"_ _4\"></span>ith<span class=\"_ _4\"></span>er ot<span class=\"_ _4\"></span>her \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>e inco<span class=\"_ _4\"></span>me or \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>e ex<span class=\"_ _4\"></span>pen<span class=\"_ _4\"></span>se.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 1086px; height: 53px; width: 92%; z-index: 3;\"><br/></div>\n\n\n<div></div>\n<div></div>\n\n<div class=\"t m0 xe h13 y81 ff3 fs4 fc0 sc0 ls54 ws5c\" style=\"z-index: 15;\">P.<span class=\"_ _b6\"></span> <span class=\"_ _c9\"> </span><span class=\"ls55 ws5d\">TA<span class=\"_ _b6\"> </span>X<span class=\"_ _7\"></span>E<span class=\"_ _7\"></span>S</span></div>\n<div class=\"t m8 xe hb y83 ff1 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">Inc<span class=\"_ _4\"></span>ome t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>se co<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>f cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nt an<span class=\"_ _4\"></span>d defe<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>xes. C<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>rent a<span class=\"_ _4\"></span>nd d<span class=\"_ _4\"></span>efer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d ta<span class=\"_ _4\"></span>x is r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n the p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>t or</div>\n<div class=\"t m8 xe hb y20b ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">los<span class=\"_ _4\"></span>s s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent, exc<span class=\"_ _4\"></span>ept t<span class=\"_ _4\"></span>o the ex<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ent it r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>s to a bu<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s com<span class=\"_ _4\"></span>bina<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n, or whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>ey rela<span class=\"_ _4\"></span>te to ite<span class=\"_ _4\"></span>ms th<span class=\"_ _4\"></span>at are r<span class=\"_ _4\"></span>ec</div>\n<div class=\"t m8 x3d hb y84 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 xe hb y85 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">ognised direc<span class=\"_ _4\"></span>tly in equit<span class=\"_ _4\"></span>y or in other comprehensive income.</div>\n<div class=\"t m23a xe hb y86 ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">Cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nt t<span class=\"_ _4\"></span>ax is t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d ta<span class=\"_ _4\"></span>x pay<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e or rec<span class=\"_ _4\"></span>eiv<span class=\"_ _4\"></span>able o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e ta<span class=\"_ _4\"></span>xa<span class=\"_ _4\"></span>ble i<span class=\"_ _4\"></span>ncom<span class=\"_ _4\"></span>e or lo<span class=\"_ _4\"></span>ss of t<span class=\"_ _4\"></span>he yea<span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>, us<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>ax r<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s</div>\n<div class=\"t m23b xe hb y87 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">ena<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted o<span class=\"_ _4\"></span>r sub<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ntive<span class=\"_ _4\"></span>ly ena<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted a<span class=\"_ _4\"></span>t the re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng dat<span class=\"_ _4\"></span>e, and any ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent to t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x paya<span class=\"_ _4\"></span>ble in r<span class=\"_ _4\"></span>esp<span class=\"_ _4\"></span>ec<span class=\"_ _7\"></span>t of prev<span class=\"_ _4\"></span>iou<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb y8c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">year<span class=\"_ _4\"></span>s. C<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>rent t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>nd lia<span class=\"_ _4\"></span>bili<span class=\"_ _4\"></span>ties a<span class=\"_ _4\"></span>re of<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et onl<span class=\"_ _4\"></span>y if cer<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>ain c<span class=\"_ _4\"></span>rit<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ia are me<span class=\"_ _4\"></span>t.</div>\n<div class=\"t m11a xe hb y88 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">Def<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>red t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed on a<span class=\"_ _4\"></span>ll tem<span class=\"_ _4\"></span>por<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fer<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>es be<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>wee<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _4\"></span>ng amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s of a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es fo<span class=\"_ _4\"></span>r</div>\n<div class=\"t m23c xe hb y89 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g pur<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ose<span class=\"_ _4\"></span>s and t<span class=\"_ _4\"></span>he a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s use<span class=\"_ _4\"></span>d for t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>xat<span class=\"_ _4\"></span>ion p<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>ses<span class=\"_ _4\"></span>. The f<span class=\"_ _4\"></span>ollow<span class=\"_ _4\"></span>ing te<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y d<span class=\"_ _4\"></span>if<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>ces a<span class=\"_ _4\"></span>re not p<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y8a ff1 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">vid<span class=\"_ _4\"></span>ed fo<span class=\"_ _4\"></span>r: t<span class=\"_ _4\"></span>he ini<span class=\"_ _4\"></span>tial r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>tion o<span class=\"_ _4\"></span>f goo<span class=\"_ _4\"></span>dw<span class=\"_ _4\"></span>ill, the i<span class=\"_ _4\"></span>nitia<span class=\"_ _4\"></span>l reco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>r liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es in a t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>at is not</div>\n<div class=\"t m23d xe hb yd8 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">a bu<span class=\"_ _4\"></span>sine<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s com<span class=\"_ _4\"></span>bina<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n and t<span class=\"_ _4\"></span>hat af<span class=\"_ _7\"></span>fec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s n<span class=\"_ _4\"></span>eit<span class=\"_ _4\"></span>her a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng, nor t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>xab<span class=\"_ _4\"></span>le p<span class=\"_ _4\"></span>ro\ufb01t, a<span class=\"_ _4\"></span>nd di<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>es re<span class=\"_ _4\"></span>lati<span class=\"_ _4\"></span>ng to inve<span class=\"_ _4\"></span>st<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y8b ff1 fs9 fc2 sc0 ls2 ws4e\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s in su<span class=\"_ _4\"></span>bsi<span class=\"_ _4\"></span>diar<span class=\"_ _4\"></span>ies<span class=\"_ _4\"></span>, as<span class=\"_ _4\"></span>soc<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>s and jo<span class=\"_ _4\"></span>int ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>nt tha<span class=\"_ _4\"></span>t the G<span class=\"_ _4\"></span>roup i<span class=\"_ _4\"></span>s abl<span class=\"_ _4\"></span>e to co<span class=\"_ _4\"></span>ntro<span class=\"_ _4\"></span>l the t<span class=\"_ _4\"></span>imin<span class=\"_ _4\"></span>g</div>\n<div class=\"t m8 xe hb y1b5 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of reve<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>al an<span class=\"_ _4\"></span>d it is p<span class=\"_ _4\"></span>rob<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e tha<span class=\"_ _4\"></span>t they w<span class=\"_ _4\"></span>ill not r<span class=\"_ _4\"></span>ever<span class=\"_ _4\"></span>se i<span class=\"_ _4\"></span>n the fo<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>eea<span class=\"_ _4\"></span>ble f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure.</div>\n<div class=\"t m23e xe hb y4b ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">Def<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>red t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x is mea<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>ed at t<span class=\"_ _4\"></span>he t<span class=\"_ _4\"></span>ax r<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>es th<span class=\"_ _4\"></span>at are ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to be a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>lied t<span class=\"_ _4\"></span>o temp<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fer<span class=\"_ _4\"></span>ence<span class=\"_ _4\"></span>s wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>hey re<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 xe hb y4c ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">ver<span class=\"_ _4\"></span>se, ba<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d on th<span class=\"_ _4\"></span>e laws t<span class=\"_ _4\"></span>hat h<span class=\"_ _4\"></span>ave bee<span class=\"_ _4\"></span>n ena<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted o<span class=\"_ _4\"></span>r su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>vely e<span class=\"_ _4\"></span>nac<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d by th<span class=\"_ _4\"></span>e rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g date. De<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d ta<span class=\"_ _4\"></span>x as<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m23f xe hb y4d ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>re re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed fo<span class=\"_ _4\"></span>r unu<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d ta<span class=\"_ _4\"></span>x lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es, t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x cre<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd d<span class=\"_ _4\"></span>edu<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ble te<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y d<span class=\"_ _4\"></span>if<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>s, to th<span class=\"_ _4\"></span>e ex<span class=\"_ _4\"></span>tent t<span class=\"_ _4\"></span>hat i<span class=\"_ _4\"></span>t is</div>\n<div class=\"t m8 xe hb y4e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>ba<span class=\"_ _4\"></span>ble t<span class=\"_ _4\"></span>hat f<span class=\"_ _4\"></span>utu<span class=\"_ _4\"></span>re t<span class=\"_ _4\"></span>ax<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e pro\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s will b<span class=\"_ _4\"></span>e availa<span class=\"_ _4\"></span>ble a<span class=\"_ _4\"></span>gain<span class=\"_ _4\"></span>st w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h the<span class=\"_ _4\"></span>y ca<span class=\"_ _4\"></span>n be ut<span class=\"_ _4\"></span>ilis<span class=\"_ _4\"></span>ed.</div>\n<div class=\"t m8 xe hb y202 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">Def<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>red t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>re re<span class=\"_ _4\"></span>duc<span class=\"_ _4\"></span>ed w<span class=\"_ _4\"></span>hen i<span class=\"_ _4\"></span>t is no lo<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>r pro<span class=\"_ _4\"></span>ba<span class=\"_ _4\"></span>ble t<span class=\"_ _4\"></span>hat th<span class=\"_ _4\"></span>e rela<span class=\"_ _4\"></span>ted t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x be<span class=\"_ _4\"></span>ne\ufb01t<span class=\"_ _4\"></span>s w<span class=\"_ _4\"></span>ill be r<span class=\"_ _4\"></span>ealize<span class=\"_ _4\"></span>d. Unr<span class=\"_ _4\"></span>ec</div>\n<div class=\"t m8 x3d hb y72 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m240 xe hb y4f ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">og<span class=\"_ _4\"></span>nized d<span class=\"_ _4\"></span>efe<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>ax a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s are r<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>t each r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing d<span class=\"_ _4\"></span>ate an<span class=\"_ _4\"></span>d reco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d to the e<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>tent t<span class=\"_ _4\"></span>hat is h<span class=\"_ _4\"></span>as be<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e</div>\n<div class=\"t m241 xe hb y50 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>ba<span class=\"_ _4\"></span>ble t<span class=\"_ _4\"></span>hat f<span class=\"_ _4\"></span>utu<span class=\"_ _4\"></span>re t<span class=\"_ _4\"></span>ax<span class=\"_ _4\"></span>able p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>ts w<span class=\"_ _4\"></span>ill be av<span class=\"_ _4\"></span>ailab<span class=\"_ _4\"></span>le ag<span class=\"_ _4\"></span>ains<span class=\"_ _4\"></span>t wh<span class=\"_ _4\"></span>ich t<span class=\"_ _4\"></span>hey c<span class=\"_ _4\"></span>an b<span class=\"_ _4\"></span>e use<span class=\"_ _4\"></span>d. De<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>red t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd lia<span class=\"_ _4\"></span>bil<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y51 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">iti<span class=\"_ _4\"></span>es are o<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>set o<span class=\"_ _4\"></span>nly if c<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ai<span class=\"_ _4\"></span>n con<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ions a<span class=\"_ _4\"></span>re met<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 690px; height: 367px; width: 90%; z-index: 4;\"></div>\n\n\n<div class=\"t m242 xe hb y52 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>onn<span class=\"_ _4\"></span>age t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x is not ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted f<span class=\"_ _4\"></span>or as in<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e ta<span class=\"_ _4\"></span>xes in a<span class=\"_ _4\"></span>ccor<span class=\"_ _4\"></span>dan<span class=\"_ _4\"></span>ce wi<span class=\"_ _4\"></span>th IA<span class=\"_ _4\"></span>S 1<span class=\"_ _1\"></span>2 a<span class=\"_ _4\"></span>nd is no<span class=\"_ _4\"></span>t pre<span class=\"_ _4\"></span>sen<span class=\"_ _4\"></span>ted as p<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>t of inco<span class=\"_ _4\"></span>me</div>\n<div class=\"t m8 xe hb y53 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ta<span class=\"_ _4\"></span>x ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>e in th<span class=\"_ _4\"></span>e pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment b<span class=\"_ _4\"></span>ut i<span class=\"_ _4\"></span>s sho<span class=\"_ _4\"></span>wn u<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r oth<span class=\"_ _4\"></span>er op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ng ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 657px; height: 37px; width: 90%; z-index: 4;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 657px; height: 400px; width: 92%; z-index: 3;\"><br/></div>\n\n\n<div class=\"t m0 xe h13 y55 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">Q<span class=\"_ _4\"></span>. <span class=\"_ _8\"> </span><span class=\"ls4f ws56\">SE<span class=\"_ _3\"></span>GMENT REPORTING</span></div>\n<div class=\"t m243 xe hb y57 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">An o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ting s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t is a co<span class=\"_ _4\"></span>mpo<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p tha<span class=\"_ _4\"></span>t eng<span class=\"_ _4\"></span>age<span class=\"_ _4\"></span>s in bu<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>vit<span class=\"_ _4\"></span>ies f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m whic<span class=\"_ _4\"></span>h it may ea<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>n reve<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m244 xe hb y58 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">nue<span class=\"_ _4\"></span>s and i<span class=\"_ _4\"></span>ncu<span class=\"_ _4\"></span>r ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>s, inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ing re<span class=\"_ _4\"></span>venu<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s that r<span class=\"_ _4\"></span>elat<span class=\"_ _4\"></span>e to tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>ns wi<span class=\"_ _4\"></span>th any of t<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup\u2019<span class=\"_ _1\"></span>s o<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r</div>\n<div class=\"t m8 xe hb y59 ff1 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>nen<span class=\"_ _4\"></span>ts<span class=\"_ _4\"></span>. All o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ing s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s\u2019 o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ting r<span class=\"_ _4\"></span>esu<span class=\"_ _4\"></span>lt<span class=\"_ _4\"></span>s are r<span class=\"_ _4\"></span>eview<span class=\"_ _4\"></span>ed re<span class=\"_ _4\"></span>gula<span class=\"_ _4\"></span>rl<span class=\"_ _4\"></span>y by mana<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent to m<span class=\"_ _4\"></span>ake de<span class=\"_ _4\"></span>cisi<span class=\"_ _4\"></span>ons</div>\n<div class=\"t m8 xe hb y1f9 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ab<span class=\"_ _4\"></span>out r<span class=\"_ _4\"></span>eso<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>es to b<span class=\"_ _4\"></span>e allo<span class=\"_ _4\"></span>cat<span class=\"_ _4\"></span>ed to t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>egm<span class=\"_ _4\"></span>ent a<span class=\"_ _4\"></span>nd as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ss i<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s pe<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>fo<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>ance.</div>\n<div class=\"t m245 xe hb y5b ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e res<span class=\"_ _4\"></span>ult fo<span class=\"_ _4\"></span>r eac<span class=\"_ _4\"></span>h se<span class=\"_ _4\"></span>gme<span class=\"_ _4\"></span>nt inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>es all i<span class=\"_ _4\"></span>nco<span class=\"_ _4\"></span>me an<span class=\"_ _4\"></span>d ex<span class=\"_ _4\"></span>pen<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s gen<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d dire<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tl<span class=\"_ _4\"></span>y by thi<span class=\"_ _4\"></span>s seg<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt, as we<span class=\"_ _4\"></span>ll as pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t</div>\n<div class=\"t m246 xe hb y5c ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e inco<span class=\"_ _4\"></span>me an<span class=\"_ _4\"></span>d exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>ses t<span class=\"_ _4\"></span>hat c<span class=\"_ _4\"></span>an re<span class=\"_ _4\"></span>aso<span class=\"_ _4\"></span>nab<span class=\"_ _4\"></span>ly be a<span class=\"_ _4\"></span>lloc<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d to thi<span class=\"_ _4\"></span>s seg<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt. Th<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>ies allo<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ated</div>\n<div class=\"t m247 xe hb y5d ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">to a se<span class=\"_ _4\"></span>gm<span class=\"_ _4\"></span>ent in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>de as a mi<span class=\"_ _4\"></span>nimu<span class=\"_ _4\"></span>m the a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es w<span class=\"_ _4\"></span>hich a<span class=\"_ _4\"></span>re pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>dic<span class=\"_ _4\"></span>all<span class=\"_ _4\"></span>y rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>ted to t<span class=\"_ _4\"></span>he C<span class=\"_ _4\"></span>hief o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ing</div>\n<div class=\"t m8 xe hb y5e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">de<span class=\"_ _4\"></span>cis<span class=\"_ _4\"></span>ion ma<span class=\"_ _4\"></span>ker<span class=\"_ _1\"></span>, be<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up\u2019<span class=\"_ _1\"></span>s CEO a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e E<span class=\"_ _4\"></span>xec<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>ve Com<span class=\"_ _4\"></span>mit<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>e.</div>\n<div class=\"t m248 xe hb y5f ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Se<span class=\"_ _4\"></span>gme<span class=\"_ _4\"></span>nt c<span class=\"_ _4\"></span>apit<span class=\"_ _4\"></span>al ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>itu<span class=\"_ _4\"></span>re is t<span class=\"_ _4\"></span>he tot<span class=\"_ _4\"></span>al co<span class=\"_ _4\"></span>st i<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>red d<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d to ac<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>re pro<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>, pla<span class=\"_ _4\"></span>nt and e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>ipm<span class=\"_ _4\"></span>ent</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 443px; height: 185px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m8 xe hb y60 ff1 fs9 fc2 sc0 ls13 wsc\" style=\"z-index: 15;\">and intangible as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s.</div>\n\n<div class=\"t m0 xe h13 y61 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">R. <span class=\"_ _b9\"> </span><span class=\"ls48 ws4c\">EARNINGS PER S<span class=\"_ _3\"></span>HARE</span></div>\n<div class=\"t m8 xe hb y63 ff1 fs9 fc2 sc0 ls2 ws4e\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s bas<span class=\"_ _4\"></span>ic an<span class=\"_ _4\"></span>d dilu<span class=\"_ _4\"></span>ted ea<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ning<span class=\"_ _4\"></span>s per s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>e for it<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>rdi<span class=\"_ _4\"></span>nar<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es. B<span class=\"_ _4\"></span>asic e<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ning<span class=\"_ _4\"></span>s per s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>e is c<span class=\"_ _4\"></span>alc<span class=\"_ _4\"></span>u<span class=\"ws2\">-</span></div>\n<div class=\"t m8 xe hb y64 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">late<span class=\"_ _4\"></span>d by div<span class=\"_ _4\"></span>idi<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss at<span class=\"_ _7\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ble t<span class=\"_ _4\"></span>o ordi<span class=\"_ _4\"></span>nar<span class=\"_ _7\"></span>y sha<span class=\"_ _4\"></span>reh<span class=\"_ _4\"></span>old<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s of th<span class=\"_ _4\"></span>e Com<span class=\"_ _4\"></span>pany by t<span class=\"_ _4\"></span>he we<span class=\"_ _4\"></span>ighte<span class=\"_ _4\"></span>d aver<span class=\"_ _4\"></span>ag<span class=\"_ _4\"></span>e</div>\n<div class=\"t m249 xe hb y65 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">num<span class=\"_ _4\"></span>ber o<span class=\"_ _4\"></span>f ordi<span class=\"_ _4\"></span>nar<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g dur<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he pe<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>od, adj<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>ted f<span class=\"_ _4\"></span>or tre<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s held. D<span class=\"_ _4\"></span>ilute<span class=\"_ _4\"></span>d ear<span class=\"_ _4\"></span>ni<span class=\"_ _4\"></span>ngs p<span class=\"_ _4\"></span>er</div>\n<div class=\"t m24a xe hb y79 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">sha<span class=\"_ _4\"></span>re is d<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>ned by a<span class=\"_ _4\"></span>dju<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he pr<span class=\"_ _4\"></span>o\ufb01t an<span class=\"_ _4\"></span>d los<span class=\"_ _4\"></span>s at<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ble to o<span class=\"_ _4\"></span>rdi<span class=\"_ _4\"></span>nar<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>eho<span class=\"_ _4\"></span>lde<span class=\"_ _4\"></span>rs a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>he wei<span class=\"_ _4\"></span>ghte<span class=\"_ _4\"></span>d aver<span class=\"_ _4\"></span>age</div>\n<div class=\"t m24b xe hb y66 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">of ord<span class=\"_ _4\"></span>inar<span class=\"_ _7\"></span>y sh<span class=\"_ _4\"></span>ares o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>and<span class=\"_ _4\"></span>ing, ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d for tr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s hel<span class=\"_ _4\"></span>d and f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e ef<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s of all dil<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>ve pote<span class=\"_ _4\"></span>ntia<span class=\"_ _4\"></span>l ord<span class=\"_ _4\"></span>inar<span class=\"_ _7\"></span>y</div>\n<div class=\"t m8 xe hb y67 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">sha<span class=\"_ _4\"></span>res s<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>h as sh<span class=\"_ _4\"></span>are op<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns gr<span class=\"_ _4\"></span>ant<span class=\"_ _4\"></span>ed to e<span class=\"_ _4\"></span>mpl<span class=\"_ _4\"></span>oyees<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 261px; height: 136px; width: 92%; z-index: 3;\"><br/></div>\n\n\n<div class=\"t m0 xe h13 y6a ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">S. <span class=\"_ _d8\"> </span><span class=\"ls4f ws56\">DISC<span class=\"_ _3\"></span>ONTINUED OPERA<span class=\"_ _1\"></span>TIONS</span></div>\n<div class=\"t m24c xe hb y6b ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">A dis<span class=\"_ _4\"></span>con<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>ued o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ion i<span class=\"_ _4\"></span>s a com<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>nent o<span class=\"_ _4\"></span>f the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s bus<span class=\"_ _4\"></span>ine<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>, the o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s and c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s of w<span class=\"_ _4\"></span>hich c<span class=\"_ _4\"></span>an b<span class=\"_ _4\"></span>e</div>\n<div class=\"t m24d xe hb y6c ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">cle<span class=\"_ _4\"></span>arl<span class=\"_ _4\"></span>y dis<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ngu<span class=\"_ _4\"></span>ish<span class=\"_ _4\"></span>ed f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t of th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p and w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h rep<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>sen<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s a se<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ate ma<span class=\"_ _4\"></span>jor li<span class=\"_ _4\"></span>ne of bu<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s or g<span class=\"_ _4\"></span>eog<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ph<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m24e xe hb y6d ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">ic<span class=\"_ _4\"></span>al area of o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tion<span class=\"_ _4\"></span>s that h<span class=\"_ _4\"></span>as be<span class=\"_ _4\"></span>en di<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ose<span class=\"_ _4\"></span>d of or i<span class=\"_ _4\"></span>s held f<span class=\"_ _4\"></span>or sa<span class=\"_ _4\"></span>le; is par<span class=\"_ _4\"></span>t o<span class=\"_ _4\"></span>f a sing<span class=\"_ _4\"></span>le coo<span class=\"_ _4\"></span>rdi<span class=\"_ _4\"></span>nate<span class=\"_ _4\"></span>d plan to d<span class=\"_ _4\"></span>isp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>e of</div>\n<div class=\"t m24f xe hb y6e ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">a se<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ate ma<span class=\"_ _4\"></span>jor lin<span class=\"_ _4\"></span>e of bu<span class=\"_ _4\"></span>sine<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s or ge<span class=\"_ _4\"></span>ogr<span class=\"_ _4\"></span>ap<span class=\"_ _4\"></span>hic ar<span class=\"_ _4\"></span>ea of op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns or i<span class=\"_ _4\"></span>s a su<span class=\"_ _4\"></span>bsi<span class=\"_ _4\"></span>diar<span class=\"_ _7\"></span>y acq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d exclu<span class=\"_ _4\"></span>sive<span class=\"_ _4\"></span>ly wi<span class=\"_ _4\"></span>th a v<span class=\"_ _4\"></span>iew</div>\n<div class=\"t m250 xe hb y6f ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">to re<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>sal<span class=\"_ _4\"></span>e. Clas<span class=\"_ _4\"></span>si\ufb01<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>tion o<span class=\"_ _4\"></span>f a dis<span class=\"_ _4\"></span>cont<span class=\"_ _4\"></span>inu<span class=\"_ _4\"></span>ed op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion o<span class=\"_ _4\"></span>ccu<span class=\"_ _4\"></span>rs u<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>n dis<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sal o<span class=\"_ _4\"></span>r whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e ope<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n mee<span class=\"_ _4\"></span>ts t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>ia to</div>\n<div class=\"t m251 xe hb y70 ff1 fs9 fc2 sc0 ls14 ws2e\" style=\"z-index: 15;\">be classi\ufb01ed as held<span class=\"_ _3\"></span> for sale<span class=\"_ _1\"></span>, if earlier<span class=\"_ _1\"></span>. When an<span class=\"_ _1\"></span> o<span class=\"_ _4\"></span>peration is classi\ufb01ed as<span class=\"_ _3\"></span> a discontinued operation<span class=\"_ _3\"></span>, the comparative<span class=\"_ _3\"></span> </div>\n<div class=\"t m252 xe hb y71 ff1 fs9 fc2 sc0 ls11 wsd\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>\ufb01t or lo<span class=\"_ _4\"></span>ss s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t is res<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d as if t<span class=\"_ _4\"></span>he o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion ha<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>en di<span class=\"_ _4\"></span>sco<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>ued f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m the s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>t of th<span class=\"_ _4\"></span>e com<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ve pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 80px; height: 152px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 80px; height: 1059px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag465": {
   "value": "\n<div class=\"t m0 x1 h12 y43 ff2 fsc fc5 sc0 ls2 ws2\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>. <span class=\"_ _b6\"></span><span class=\"ls41 ws45\">REPORTING ENTIT<span class=\"_ _7\"></span>Y</span></div>\n<div class=\"t m130 x1 hb y81 ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">EXMAR NV (\u201cthe C<span class=\"_ _4\"></span>om<span class=\"_ _4\"></span>pany<span class=\"_ _4\"></span>\u201d) is a co<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>ny do<span class=\"_ _4\"></span>micil<span class=\"_ _4\"></span>ed in Belgium w<span class=\"_ _4\"></span>hos<span class=\"_ _4\"></span>e sha<span class=\"_ _4\"></span>res a<span class=\"_ _4\"></span>re pu<span class=\"_ _4\"></span>blic<span class=\"_ _4\"></span>ly tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>ed (Eu<span class=\"_ _4\"></span>ron<span class=\"_ _4\"></span>ex<span class=\"_ _4\"></span>t \u2013 E<span class=\"_ _4\"></span>XM).</div>\n<div class=\"t m131 x1 hb y82 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">The c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>olid<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d \ufb01nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s of t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up co<span class=\"_ _4\"></span>mpr<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>e the C<span class=\"_ _4\"></span>om<span class=\"_ _4\"></span>pany<span class=\"_ _3\"></span>, it<span class=\"_ _4\"></span>s su<span class=\"_ _4\"></span>bsid<span class=\"_ _4\"></span>iar<span class=\"_ _4\"></span>ies, a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p<span class=\"_ _3\"></span>\u2019<span class=\"_ _3\"></span>s inter<span class=\"ws2\">-</span></div>\n<div class=\"t m132 x1 hb y83 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">es<span class=\"_ _4\"></span>t in a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>oci<span class=\"_ _4\"></span>ates a<span class=\"_ _4\"></span>nd joi<span class=\"_ _4\"></span>nt ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s (refe<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ed to a<span class=\"_ _4\"></span>s the \u201cGro<span class=\"_ _4\"></span>up<span class=\"_ _1\"></span>\u201d). Th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up is a<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tive i<span class=\"_ _4\"></span>n the industrial shipping</div>\n<div class=\"t m8 x1 hb y84 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">business.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 987px; height: 103px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag437": {
   "value": "EXMAR NV",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag447": {
   "value": "Belgium",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag453": {
   "value": "industrial shippingbusiness",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag475": {
   "value": "\n<div><br/></div>\n<div class=\"t m0 x1 h12 y87 ff2 fsc fc5 sc0 ls42 ws46\" style=\"z-index: 15;\">B. <span class=\"_ _8\"> </span><span class=\"ls41 ws45\">BASIS OF PREP<span class=\"_ _2\"></span>AR<span class=\"_ _4\"></span>A<span class=\"_ _2\"></span>TION</span></div>\n<div class=\"t m133 x1 hb y88 ff1 fs9 fc2 sc0 ls25 wsc\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e cons<span class=\"_ _4\"></span>oli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d \ufb01nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s have b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n pre<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ed in a<span class=\"_ _4\"></span>ccor<span class=\"_ _4\"></span>dan<span class=\"_ _4\"></span>ce wi<span class=\"_ _4\"></span>th In<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>nat<span class=\"_ _4\"></span>ional F<span class=\"_ _4\"></span>inan<span class=\"_ _4\"></span>cial Re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng St<span class=\"_ _4\"></span>and<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m134 x1 hb y89 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">ard<span class=\"_ _4\"></span>s (IFRS<span class=\"_ _4\"></span>) is<span class=\"_ _4\"></span>sue<span class=\"_ _4\"></span>d by t<span class=\"_ _4\"></span>he Inte<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>natio<span class=\"_ _4\"></span>nal Ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>ng Sta<span class=\"_ _4\"></span>nda<span class=\"_ _4\"></span>rds B<span class=\"_ _4\"></span>oar<span class=\"_ _4\"></span>d (IA<span class=\"_ _4\"></span>SB) as ad<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>ted by EU o<span class=\"_ _4\"></span>n Dec<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2022.</div>\n<div class=\"t m135 x1 hb y8a ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">The a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng po<span class=\"_ _4\"></span>licie<span class=\"_ _4\"></span>s ado<span class=\"_ _4\"></span>pte<span class=\"_ _4\"></span>d in pr<span class=\"_ _4\"></span>epa<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g the 2<span class=\"_ _4\"></span>022 co<span class=\"_ _4\"></span>nso<span class=\"_ _4\"></span>lidat<span class=\"_ _4\"></span>ed \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>re co<span class=\"_ _4\"></span>nsis<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>nt wit<span class=\"_ _4\"></span>h th<span class=\"_ _4\"></span>ose<span class=\"_ _4\"></span> </div>\n<div class=\"t m8 x1 hb yd8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ap<span class=\"_ _4\"></span>plie<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e pre<span class=\"_ _4\"></span>viou<span class=\"_ _4\"></span>s \ufb01na<span class=\"_ _4\"></span>ncial ye<span class=\"_ _4\"></span>ar<span class=\"_ _1\"></span>, exc<span class=\"_ _4\"></span>ept fo<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e item<span class=\"_ _4\"></span>s bel<span class=\"_ _4\"></span>ow.</div>\n<div class=\"t m0 x1 h6 y1a4 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">New a<span class=\"_ _4\"></span>nd am<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>ed s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>and<span class=\"_ _4\"></span>ard<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d inte<span class=\"_ _4\"></span>rpr<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns, e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>tive i<span class=\"_ _4\"></span>n 2022</div>\n<div class=\"t m136 x1 hb y4c ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p app<span class=\"_ _4\"></span>lie<span class=\"_ _4\"></span>d for t<span class=\"_ _4\"></span>he \ufb01r<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t tim<span class=\"_ _4\"></span>e cer<span class=\"_ _7\"></span>tai<span class=\"_ _4\"></span>n s<span class=\"_ _4\"></span>tan<span class=\"_ _4\"></span>dar<span class=\"_ _4\"></span>ds a<span class=\"_ _4\"></span>nd am<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s, whic<span class=\"_ _4\"></span>h are e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>tive f<span class=\"_ _4\"></span>or an<span class=\"_ _4\"></span>nual p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod<span class=\"_ _4\"></span>s be<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y4d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">gin<span class=\"_ _4\"></span>ning o<span class=\"_ _4\"></span>n or af<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>er Jan<span class=\"_ _4\"></span>uar<span class=\"_ _7\"></span>y 1<span class=\"_ _1\"></span>, 2022:</div>\n<div class=\"t m8 x1 hb y1a5 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span><span class=\"ls22 ws15\">Amendment<span class=\"_ _4\"></span>s to<span class=\"_ _3\"></span> IFRS<span class=\"_ _1\"></span> 3 Business Combinations; Connectional F<span class=\"_ _3\"></span>ramework; </span></div>\n<div class=\"t m8 x1 hb y1a6 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Am<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>dme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to IA<span class=\"_ _4\"></span>S 1<span class=\"_ _1\"></span>6 Pr<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y, Plant an<span class=\"_ _4\"></span>d Equip<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt: Pro<span class=\"_ _4\"></span>cee<span class=\"_ _4\"></span>ds b<span class=\"_ _4\"></span>efo<span class=\"_ _4\"></span>re Int<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>ed U<span class=\"_ _4\"></span>se;</div>\n<div class=\"t m8 x1 hb y1a7 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Am<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>dme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to IA<span class=\"_ _4\"></span>S 37 Cont<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>ent L<span class=\"_ _4\"></span>iabi<span class=\"_ _4\"></span>litie<span class=\"_ _4\"></span>s and O<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>s Con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s \u2013 Co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t of Ful\ufb01lli<span class=\"_ _4\"></span>ng a Co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>.</div>\n<div class=\"t m8 x1 hb y1a8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p bel<span class=\"_ _4\"></span>ieves t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e have lit<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>le or n<span class=\"_ _4\"></span>o imp<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t o<span class=\"_ _4\"></span>n it<span class=\"_ _4\"></span>s con<span class=\"_ _4\"></span>sol<span class=\"_ _4\"></span>idat<span class=\"_ _4\"></span>ed \ufb01na<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m137 x1 hb y51 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p has no<span class=\"_ _4\"></span>t ear<span class=\"_ _4\"></span>ly ad<span class=\"_ _4\"></span>opt<span class=\"_ _4\"></span>ed any ot<span class=\"_ _4\"></span>her s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>dar<span class=\"_ _4\"></span>d, inter<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ret<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n or a<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>dme<span class=\"_ _4\"></span>nt th<span class=\"_ _4\"></span>at has b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n is<span class=\"_ _4\"></span>sue<span class=\"_ _4\"></span>d bu<span class=\"_ _4\"></span>t is not</div>\n<div class=\"t m8 x1 hb y52 ff1 fs9 fc2 sc0 ls13 wsc\" style=\"z-index: 15;\">yet effe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tive.</div>\n<div class=\"t m0 x1 h6 y1a9 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Stan<span class=\"_ _4\"></span>da<span class=\"_ _4\"></span>rds i<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ued b<span class=\"_ _4\"></span>ut no<span class=\"_ _4\"></span>t yet ef<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve</div>\n<div class=\"t m76 x1 hb y55 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">A num<span class=\"_ _4\"></span>ber o<span class=\"_ _4\"></span>f new s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>ard<span class=\"_ _4\"></span>s, ame<span class=\"_ _4\"></span>ndm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s to s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>dard<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d inter<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ret<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns ar<span class=\"_ _4\"></span>e not yet ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive fo<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e year en<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d</div>\n<div class=\"t m138 x1 hb y56 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">De<span class=\"_ _4\"></span>cem<span class=\"_ _4\"></span>ber 31<span class=\"_ _1\"></span>, 2022 a<span class=\"_ _4\"></span>nd have no<span class=\"_ _4\"></span>t bee<span class=\"_ _4\"></span>n ap<span class=\"_ _4\"></span>plie<span class=\"_ _4\"></span>d in p<span class=\"_ _4\"></span>rep<span class=\"_ _4\"></span>ari<span class=\"_ _4\"></span>ng t<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span>soli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s. Th<span class=\"_ _4\"></span>e foll<span class=\"_ _4\"></span>ow<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m139 x1 hb y57 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">ing n<span class=\"_ _4\"></span>ew or am<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>dar<span class=\"_ _4\"></span>ds or i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ret<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ons, e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>tive J<span class=\"_ _4\"></span>anu<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y 1<span class=\"_ _1\"></span>, 2<span class=\"_ _4\"></span>023, are not e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed to have a s<span class=\"_ _4\"></span>igni<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>ant</div>\n<div class=\"t m8 x1 hb y58 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">imp<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t o<span class=\"_ _4\"></span>n the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s con<span class=\"_ _4\"></span>soli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s:</div>\n<div class=\"t m8 x1 hb y1aa ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span><span class=\"ls29 ws22\">IFRS 1<span class=\"_ _2\"></span>7 Insur<span class=\"_ _4\"></span>ance Contrac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s;</span></div>\n<div class=\"t m8 x1 hb y1ab ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Am<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>dme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to IA<span class=\"_ _4\"></span>S 1 Cla<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>i\ufb01c<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on of L<span class=\"_ _4\"></span>iabili<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s as Cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ent or N<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nt;</div>\n<div class=\"t m8 x1 hb y1ac ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Am<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>dme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to IA<span class=\"_ _4\"></span>S 8 De\ufb01<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on of Ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>g Es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>s;</div>\n<div class=\"t m8 x1 hb y1ad ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Am<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>dme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to IA<span class=\"_ _4\"></span>S 1 an<span class=\"_ _4\"></span>d IFRS Pr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ce St<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent 2: Dis<span class=\"_ _4\"></span>cl<span class=\"_ _4\"></span>osu<span class=\"_ _4\"></span>re of Acc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ting Poli<span class=\"_ _4\"></span>cies;</div>\n<div class=\"t m8 x1 hb y1ae ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Am<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>dme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to IA<span class=\"_ _4\"></span>S 1<span class=\"_ _1\"></span>2 D<span class=\"_ _4\"></span>efer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d T<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span>x relat<span class=\"_ _4\"></span>ed to A<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>nd L<span class=\"_ _4\"></span>iabil<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>isin<span class=\"_ _4\"></span>g fr<span class=\"_ _4\"></span>om a Sin<span class=\"_ _4\"></span>gle T<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n<span class=\"_ _3\"></span>;</div>\n\n<div class=\"t m13a x1 hb y5e ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e cons<span class=\"_ _4\"></span>oli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d \ufb01nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s w<span class=\"_ _4\"></span>ere ap<span class=\"_ _4\"></span>pro<span class=\"_ _4\"></span>ved an<span class=\"_ _4\"></span>d were a<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>hor<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d for i<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ue by t<span class=\"_ _4\"></span>he Bo<span class=\"_ _4\"></span>ard of D<span class=\"_ _4\"></span>irec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>s on</div>\n<div class=\"t m8 x1 hb y5f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Marc<span class=\"_ _4\"></span>h 28, 2023.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 443px; height: 36px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x1 h12 y76 ff2 fsc fc5 sc0 ls2 ws2\" style=\"z-index: 15;\">C. <span class=\"_ _b8\"> </span><span class=\"ls41 ws45\">BASIS OF MEA<span class=\"_ _4\"></span>SUREMENT AND P<span class=\"_ _1\"></span>RE<span class=\"_ _4\"></span>SENT<span class=\"_ _2\"></span>A<span class=\"_ _2\"></span>TION</span></div>\n<div class=\"t m13b x1 hb y77 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e cons<span class=\"_ _4\"></span>oli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s are pr<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>ente<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>hou<span class=\"_ _4\"></span>san<span class=\"_ _4\"></span>ds of U<span class=\"_ _4\"></span>SD<span class=\"_ _1\"></span>, w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h is als<span class=\"_ _4\"></span>o th<span class=\"_ _4\"></span>e fu<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>onal c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y of</div>\n<div class=\"t m20 x1 hb y63 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">the p<span class=\"_ _4\"></span>are<span class=\"_ _4\"></span>nt co<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>ny<span class=\"_ _1\"></span>. T<span class=\"_ _4\"></span>he Fin<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al Ser<span class=\"_ _7\"></span>vic<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d Mar<span class=\"_ _4\"></span>ket<span class=\"_ _4\"></span>s Au<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>rit<span class=\"_ _7\"></span>y (FSMA<span class=\"_ _4\"></span>) ap<span class=\"_ _4\"></span>prove<span class=\"_ _4\"></span>d th<span class=\"_ _4\"></span>e use o<span class=\"_ _4\"></span>f the US<span class=\"_ _4\"></span>D as rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>t<span class=\"ws2\">-</span></div>\n<div class=\"t m13c x1 hb y64 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">ing c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>y by let<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r of July 2, 20<span class=\"_ _4\"></span>03 a<span class=\"_ _4\"></span>s the m<span class=\"_ _4\"></span>ajor<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y of t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up\u2019<span class=\"_ _1\"></span>s s<span class=\"_ _4\"></span>hipp<span class=\"_ _4\"></span>ing ac<span class=\"_ _7\"></span>tiv<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s and r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>ncin<span class=\"_ _4\"></span>g are</div>\n<div class=\"t m8 x1 hb y65 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ex<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n USD. All valu<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e rou<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e near<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t th<span class=\"_ _4\"></span>ous<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>d.</div>\n<div class=\"t mcd x1 hb y79 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e pre<span class=\"_ _4\"></span>pare<span class=\"_ _4\"></span>d on t<span class=\"_ _4\"></span>he his<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>ric<span class=\"_ _4\"></span>al c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t bas<span class=\"_ _4\"></span>is exce<span class=\"_ _4\"></span>pt fo<span class=\"_ _4\"></span>r the fo<span class=\"_ _4\"></span>llow<span class=\"_ _4\"></span>ing mat<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>nd lia<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m13d x1 hb y66 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">bili<span class=\"_ _4\"></span>ties t<span class=\"_ _4\"></span>hat have b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d on a<span class=\"_ _4\"></span>n alte<span class=\"_ _4\"></span>rn<span class=\"_ _4\"></span>ative b<span class=\"_ _4\"></span>asi<span class=\"_ _4\"></span>s on ea<span class=\"_ _4\"></span>ch re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng dat<span class=\"_ _4\"></span>e: der<span class=\"_ _4\"></span>ivat<span class=\"_ _4\"></span>ive \ufb01na<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s,</div>\n<div class=\"t m13e x1 hb y67 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s at F<span class=\"_ _4\"></span>V<span class=\"_ _7\"></span>TPL and t<span class=\"_ _4\"></span>he ne<span class=\"_ _4\"></span>t de\ufb01<span class=\"_ _4\"></span>ned b<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>e\ufb01t lia<span class=\"_ _4\"></span>bili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>. As<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s hel<span class=\"_ _4\"></span>d for s<span class=\"_ _4\"></span>ale a<span class=\"_ _4\"></span>re s<span class=\"_ _4\"></span>tat<span class=\"_ _4\"></span>ed at t<span class=\"_ _4\"></span>he lo<span class=\"_ _4\"></span>wer of c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y68 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ing a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt and f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue l<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s cos<span class=\"_ _4\"></span>t to s<span class=\"_ _4\"></span>ell.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 245px; height: 713px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag444": {
   "value": "\n<div class=\"t m13a x1 hb y5e ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e cons<span class=\"_ _4\"></span>oli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d \ufb01nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s w<span class=\"_ _4\"></span>ere ap<span class=\"_ _4\"></span>pro<span class=\"_ _4\"></span>ved an<span class=\"_ _4\"></span>d were a<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>hor<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d for i<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ue by t<span class=\"_ _4\"></span>he Bo<span class=\"_ _4\"></span>ard of D<span class=\"_ _4\"></span>irec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>s on</div>\n<div class=\"t m8 x1 hb y5f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Marc<span class=\"_ _4\"></span>h 28, 2023.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 443px; height: 36px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag441": {
   "value": "\n<div><br/></div>\n<div class=\"t m0 xe h12 y42 ff2 fsc fc5 sc0 ls43 ws47\" style=\"z-index: 15;\">D.<span class=\"_ _4\"></span> <span class=\"_ _b8\"></span><span class=\"ls2 ws2\">U<span class=\"_ _1\"></span>SE OF JUDGEMENTS AND ESTIMA<span class=\"_ _2\"></span>TES</span></div>\n<div class=\"t m13f xe hb y7f ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e pre<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on of t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>nso<span class=\"_ _4\"></span>lidat<span class=\"_ _4\"></span>ed \ufb01na<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s in acc<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>e wit<span class=\"_ _4\"></span>h IFRS re<span class=\"_ _4\"></span>quir<span class=\"_ _4\"></span>es ma<span class=\"_ _4\"></span>nage<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t to make</div>\n<div class=\"t m140 xe hb y43 ff1 fs9 fc2 sc0 ls17 wsb\" style=\"z-index: 15;\">jud<span class=\"_ _4\"></span>gme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s, es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>s and as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ump<span class=\"_ _4\"></span>tion<span class=\"_ _4\"></span>s that a<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t the a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>lic<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n of th<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng po<span class=\"_ _4\"></span>licie<span class=\"_ _4\"></span>s and t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d</div>\n<div class=\"t m141 xe hb y80 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s of a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es, in<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e and ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es, t<span class=\"_ _4\"></span>he acc<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>anyi<span class=\"_ _4\"></span>ng dis<span class=\"_ _4\"></span>cl<span class=\"_ _4\"></span>osu<span class=\"_ _4\"></span>res a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e dis<span class=\"_ _4\"></span>clo<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>e of con<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m142 xe hb y81 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">tin<span class=\"_ _4\"></span>gen<span class=\"_ _4\"></span>t liabi<span class=\"_ _4\"></span>lit<span class=\"_ _4\"></span>y. The es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>s and re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d as<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>mpti<span class=\"_ _4\"></span>ons a<span class=\"_ _4\"></span>re bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n his<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>al ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>e and v<span class=\"_ _4\"></span>ari<span class=\"_ _4\"></span>ous ot<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>r fac<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y82 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">tor<span class=\"_ _4\"></span>s th<span class=\"_ _4\"></span>at are b<span class=\"_ _4\"></span>elieve<span class=\"_ _4\"></span>d to b<span class=\"_ _4\"></span>e reas<span class=\"_ _4\"></span>ona<span class=\"_ _4\"></span>ble u<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e circ<span class=\"_ _4\"></span>ums<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ces<span class=\"_ _4\"></span>. Ac<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al res<span class=\"_ _4\"></span>ult<span class=\"_ _4\"></span>s m<span class=\"_ _4\"></span>ay dif<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>er fr<span class=\"_ _4\"></span>om t<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mates<span class=\"_ _4\"></span>.</div>\n<div class=\"t m143 xe hb y83 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">The estimates and the underlying assumptions are reviewed on an ongoing basis. Revis<span class=\"_ _4\"></span>ions t<span class=\"_ _4\"></span>o acco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ing es<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>imate<span class=\"_ _4\"></span>s</div>\n<div class=\"t m144 xe hb y84 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in t<span class=\"_ _4\"></span>he p<span class=\"_ _4\"></span>eri<span class=\"_ _4\"></span>od in w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h the e<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>e is revi<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d if th<span class=\"_ _4\"></span>e revis<span class=\"_ _4\"></span>ion o<span class=\"_ _4\"></span>nly af<span class=\"_ _7\"></span>fec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>hat p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod, or i<span class=\"_ _4\"></span>n the p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod</div>\n<div class=\"t m8 xe hb y85 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e revi<span class=\"_ _4\"></span>sio<span class=\"_ _4\"></span>n and f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod<span class=\"_ _4\"></span>s, if t<span class=\"_ _4\"></span>he rev<span class=\"_ _4\"></span>isio<span class=\"_ _4\"></span>n af<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s bo<span class=\"_ _4\"></span>th c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>rent a<span class=\"_ _4\"></span>nd f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure p<span class=\"_ _4\"></span>eri<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m0 xe h6 y1af ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Judgements</div>\n<div class=\"t m145 xe hb y88 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">In t<span class=\"_ _4\"></span>he pro<span class=\"_ _4\"></span>ces<span class=\"_ _4\"></span>s of a<span class=\"_ _4\"></span>ppl<span class=\"_ _4\"></span>ying t<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup\u2019<span class=\"_ _1\"></span>s a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng po<span class=\"_ _4\"></span>licie<span class=\"_ _4\"></span>s, mana<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent ha<span class=\"_ _4\"></span>s mad<span class=\"_ _4\"></span>e the f<span class=\"_ _4\"></span>ollow<span class=\"_ _4\"></span>ing ju<span class=\"_ _4\"></span>dge<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s, whic<span class=\"_ _4\"></span>h</div>\n<div class=\"t m8 xe hb y89 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">have a sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>t imp<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t o<span class=\"_ _4\"></span>n the a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>ted i<span class=\"_ _4\"></span>n the c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>oli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>ncial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s:</div>\n<div class=\"t m0 xe h6 y1b0 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">As<span class=\"_ _4\"></span>sessment of e<span class=\"_ _3\"></span>xercising purchase options</div>\n<div class=\"t m146 xe hb y4a ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Det<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>mini<span class=\"_ _4\"></span>ng wh<span class=\"_ _4\"></span>eth<span class=\"_ _4\"></span>er E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR will e<span class=\"_ _4\"></span>xerc<span class=\"_ _4\"></span>ise p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>e opt<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s on \ufb01n<span class=\"_ _4\"></span>ance<span class=\"_ _4\"></span>d as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s req<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>s jud<span class=\"_ _4\"></span>gm<span class=\"_ _4\"></span>ent a<span class=\"_ _4\"></span>nd im<span class=\"_ _4\"></span>pac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m8 xe hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">us<span class=\"_ _4\"></span>efu<span class=\"_ _4\"></span>l life of t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>. All f<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d cir<span class=\"_ _4\"></span>cum<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>nces r<span class=\"_ _4\"></span>elev<span class=\"_ _4\"></span>ant to t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>sm<span class=\"_ _4\"></span>ent ar<span class=\"_ _4\"></span>e cons<span class=\"_ _4\"></span>id<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m147 xe hb y4c ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Sp<span class=\"_ _4\"></span>eci<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>ally<span class=\"_ _3\"></span>, for t<span class=\"_ _4\"></span>he pre<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>ize<span class=\"_ _4\"></span>d \ufb02ee<span class=\"_ _4\"></span>t, mana<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent ha<span class=\"_ _4\"></span>s mad<span class=\"_ _4\"></span>e the a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n tha<span class=\"_ _4\"></span>t the p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>e opt<span class=\"_ _4\"></span>ions f<span class=\"_ _4\"></span>or t<span class=\"_ _4\"></span>he 7</div>\n<div class=\"t m8 xe hb y4d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ls will b<span class=\"_ _4\"></span>e exer<span class=\"_ _4\"></span>cis<span class=\"_ _4\"></span>ed b<span class=\"_ _4\"></span>efor<span class=\"_ _4\"></span>e or at t<span class=\"_ _4\"></span>he en<span class=\"_ _4\"></span>d of th<span class=\"_ _4\"></span>e res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve \ufb01nan<span class=\"_ _4\"></span>cing a<span class=\"_ _4\"></span>gre<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s.  </div>\n\n<div class=\"t m0 xe h6 y1b1 ff2 fs4 fc1 sc0 ls46 ws4a\" style=\"z-index: 15;\">Estimates<span class=\"_ _1\"></span> and assumptions</div>\n<div class=\"t m8 xe hb y50 ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e key ass<span class=\"_ _4\"></span>ump<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns co<span class=\"_ _4\"></span>ncer<span class=\"_ _4\"></span>ni<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e fu<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e and ot<span class=\"_ _4\"></span>her key s<span class=\"_ _4\"></span>our<span class=\"_ _4\"></span>ces of e<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tima<span class=\"_ _4\"></span>tion u<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>aint<span class=\"_ _7\"></span>y at th<span class=\"_ _4\"></span>e rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>ting d<span class=\"_ _4\"></span>ate,</div>\n<div class=\"t m148 xe hb y51 ff1 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">tha<span class=\"_ _4\"></span>t have a sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>ant r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k of ca<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>ng a mate<span class=\"_ _4\"></span>rial a<span class=\"_ _4\"></span>dju<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt to th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s of as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s and li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>ties w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>hin th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y52 ff1 fs9 fc2 sc0 ls2 ws3b\" style=\"z-index: 15;\">nex<span class=\"_ _4\"></span>t \ufb01n<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>ial year<span class=\"_ _3\"></span>, are de<span class=\"_ _4\"></span>sc<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>be<span class=\"_ _4\"></span>d bel<span class=\"_ _4\"></span>ow. The Gro<span class=\"_ _4\"></span>up b<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d it<span class=\"_ _4\"></span>s as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>umpt<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s and e<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>es on p<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ame<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>s avail<span class=\"_ _4\"></span>able</div>\n<div class=\"t m149 xe hb y53 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">wh<span class=\"_ _4\"></span>en th<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span>sol<span class=\"_ _4\"></span>idat<span class=\"_ _4\"></span>ed \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al s<span class=\"_ _4\"></span>tat<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s wer<span class=\"_ _4\"></span>e pre<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ed. E<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>g circ<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ces a<span class=\"_ _4\"></span>nd as<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>mpt<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s abo<span class=\"_ _4\"></span>ut f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure</div>\n<div class=\"t m14a xe hb y54 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">deve<span class=\"_ _4\"></span>lop<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s, howeve<span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>, may c<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>e due to m<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ket cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s or cir<span class=\"_ _4\"></span>cum<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>nces a<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>sing t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e beyo<span class=\"_ _4\"></span>nd co<span class=\"_ _4\"></span>ntro<span class=\"_ _4\"></span>l of</div>\n<div class=\"t m8 xe hb y73 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p. Suc<span class=\"_ _4\"></span>h cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>\ufb02ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed in t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>umpt<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>ey occ<span class=\"_ _4\"></span>ur<span class=\"_ _3\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 624px; height: 128px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 xe h6 y1b2 ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Impairment of<span class=\"_ _3\"></span> vessels and<span class=\"_ _3\"></span> barges</div>\n<div class=\"t m129 xe hb y58 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p revie<span class=\"_ _4\"></span>ws t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>yi<span class=\"_ _4\"></span>ng amo<span class=\"_ _4\"></span>unt of e<span class=\"_ _4\"></span>ach ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>el fo<span class=\"_ _4\"></span>r pote<span class=\"_ _4\"></span>ntia<span class=\"_ _4\"></span>l imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>ment a<span class=\"_ _4\"></span>t leas<span class=\"_ _4\"></span>t an<span class=\"_ _4\"></span>nuall<span class=\"_ _4\"></span>y or w<span class=\"_ _4\"></span>hene<span class=\"_ _4\"></span>ver event<span class=\"_ _4\"></span>s</div>\n<div class=\"t m14b xe hb y59 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">or c<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>es in c<span class=\"_ _4\"></span>irc<span class=\"_ _4\"></span>ums<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>es in<span class=\"_ _4\"></span>dic<span class=\"_ _4\"></span>ate t<span class=\"_ _4\"></span>hat th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt of a s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ci\ufb01c ve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>sel m<span class=\"_ _4\"></span>ay not be f<span class=\"_ _4\"></span>ully r<span class=\"_ _4\"></span>ecove<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ble. Th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y5a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rec<span class=\"_ _4\"></span>over<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt is t<span class=\"_ _4\"></span>he hig<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue le<span class=\"_ _4\"></span>ss c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t to s<span class=\"_ _4\"></span>ell an<span class=\"_ _4\"></span>d the v<span class=\"_ _4\"></span>alue i<span class=\"_ _4\"></span>n use.</div>\n<div class=\"t m14c xe hb y5b ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e les<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>st t<span class=\"_ _4\"></span>o sell i<span class=\"_ _4\"></span>s det<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>mine<span class=\"_ _4\"></span>d ba<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d upo<span class=\"_ _4\"></span>n in<span class=\"_ _4\"></span>dep<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>nt val<span class=\"_ _4\"></span>uati<span class=\"_ _4\"></span>on re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s. T<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup e<span class=\"_ _4\"></span>ngag<span class=\"_ _4\"></span>es t<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>o</div>\n<div class=\"t m14d xe hb y5c ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">ind<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alua<span class=\"_ _4\"></span>tion s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>cial<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s to as<span class=\"_ _4\"></span>ses<span class=\"_ _4\"></span>s f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lues a<span class=\"_ _4\"></span>t rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>ting d<span class=\"_ _4\"></span>ate. Th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g valu<span class=\"_ _4\"></span>es of t<span class=\"_ _4\"></span>he ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ls may not</div>\n<div class=\"t m14e xe hb y5d ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">rep<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ent t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air ma<span class=\"_ _4\"></span>rket v<span class=\"_ _4\"></span>alue a<span class=\"_ _4\"></span>t any poi<span class=\"_ _4\"></span>nt in ti<span class=\"_ _4\"></span>me si<span class=\"_ _4\"></span>nce t<span class=\"_ _4\"></span>he mar<span class=\"_ _4\"></span>ket pr<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>es of se<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>nd han<span class=\"_ _4\"></span>d ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ls ten<span class=\"_ _4\"></span>d to \ufb02uc<span class=\"_ _7\"></span>tu<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m14f xe hb y5e ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">ate wi<span class=\"_ _4\"></span>th c<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ges i<span class=\"_ _4\"></span>n char<span class=\"_ _7\"></span>te<span class=\"_ _4\"></span>r rat<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d the c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t of new b<span class=\"_ _4\"></span>uild<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s. His<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>cal<span class=\"_ _4\"></span>ly<span class=\"_ _1\"></span>, b<span class=\"_ _4\"></span>oth c<span class=\"_ _4\"></span>har<span class=\"_ _7\"></span>ter r<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s and ve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>sel v<span class=\"_ _4\"></span>alue<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb y5f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ten<span class=\"_ _4\"></span>d to be c<span class=\"_ _4\"></span>yc<span class=\"_ _4\"></span>lic<span class=\"_ _4\"></span>al.</div>\n<div class=\"t m150 xe hb y60 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">The v<span class=\"_ _4\"></span>alue i<span class=\"_ _4\"></span>n us<span class=\"_ _4\"></span>e is bas<span class=\"_ _4\"></span>ed u<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>n fu<span class=\"_ _4\"></span>ture c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s dis<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d to the<span class=\"_ _4\"></span>ir pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nt val<span class=\"_ _4\"></span>ue. In deve<span class=\"_ _4\"></span>lop<span class=\"_ _4\"></span>ing es<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>imate<span class=\"_ _4\"></span>s of fu<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e</div>\n<div class=\"t m151 xe hb y75 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">ca<span class=\"_ _4\"></span>sh \ufb02<span class=\"_ _4\"></span>ows, ma<span class=\"_ _4\"></span>nag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt makes a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ump<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns ab<span class=\"_ _4\"></span>out e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n dat<span class=\"_ _4\"></span>e (in c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>e of tem<span class=\"_ _4\"></span>por<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ily u<span class=\"_ _4\"></span>nem<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>d</div>\n<div class=\"t m152 xe hb y76 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ls), fut<span class=\"_ _4\"></span>ure c<span class=\"_ _4\"></span>har<span class=\"_ _7\"></span>ter r<span class=\"_ _4\"></span>ates<span class=\"_ _4\"></span>, ship o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ting e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es, t<span class=\"_ _4\"></span>he es<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>imate<span class=\"_ _4\"></span>d re<span class=\"_ _4\"></span>maini<span class=\"_ _4\"></span>ng us<span class=\"_ _4\"></span>efu<span class=\"_ _4\"></span>l lives of t<span class=\"_ _4\"></span>he \ufb02e<span class=\"_ _4\"></span>et an<span class=\"_ _4\"></span>d th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m153 xe hb y61 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">WA<span class=\"_ _3\"></span>CC. Th<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>sum<span class=\"_ _4\"></span>pti<span class=\"_ _4\"></span>ons a<span class=\"_ _4\"></span>re bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n his<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>ric<span class=\"_ _4\"></span>al t<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>ds a<span class=\"_ _4\"></span>s well as f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s. Al<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>ug<span class=\"_ _4\"></span>h manag<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>ent</div>\n<div class=\"t m154 xe hb y77 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">be<span class=\"_ _4\"></span>lieves t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>umpt<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s us<span class=\"_ _4\"></span>ed to ev<span class=\"_ _4\"></span>aluat<span class=\"_ _4\"></span>e pote<span class=\"_ _4\"></span>ntia<span class=\"_ _4\"></span>l imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt are re<span class=\"_ _4\"></span>aso<span class=\"_ _4\"></span>nab<span class=\"_ _4\"></span>le an<span class=\"_ _4\"></span>d ap<span class=\"_ _4\"></span>pro<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>iate, su<span class=\"_ _4\"></span>ch as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ump<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m155 xe hb y63 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">tio<span class=\"_ _4\"></span>ns are h<span class=\"_ _4\"></span>ighl<span class=\"_ _4\"></span>y sub<span class=\"_ _4\"></span>jec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ive. We refe<span class=\"_ _4\"></span>r to Note 14 V<span class=\"_ _1\"></span>es<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>els a<span class=\"_ _4\"></span>nd ba<span class=\"_ _4\"></span>rge<span class=\"_ _4\"></span>s for a<span class=\"_ _4\"></span>ddi<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>nal inf<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>mat<span class=\"_ _4\"></span>ion o<span class=\"_ _4\"></span>n the a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>ns</div>\n<div class=\"t m8 xe hb y64 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ap<span class=\"_ _4\"></span>plie<span class=\"_ _4\"></span>d at year-<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>.</div>\n<div class=\"t m0 xe h6 y1b3 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Climate change and sustainabilit<span class=\"_ _4\"></span>y related de<span class=\"_ _1\"></span>velopments</div>\n<div class=\"t m13e xe hb y67 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Clim<span class=\"_ _4\"></span>ate rel<span class=\"_ _4\"></span>ated m<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>rs a<span class=\"_ _4\"></span>nd me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>res s<span class=\"_ _4\"></span>uch a<span class=\"_ _4\"></span>s the i<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on of e<span class=\"_ _4\"></span>mis<span class=\"_ _4\"></span>sio<span class=\"_ _4\"></span>n red<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion l<span class=\"_ _4\"></span>egis<span class=\"_ _4\"></span>lat<span class=\"_ _4\"></span>ion may h<span class=\"_ _4\"></span>ave a sign<span class=\"_ _4\"></span>if<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m156 xe hb y68 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">ic<span class=\"_ _4\"></span>ant im<span class=\"_ _4\"></span>pac<span class=\"_ _7\"></span>t on t<span class=\"_ _4\"></span>he E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R bus<span class=\"_ _4\"></span>ine<span class=\"_ _4\"></span>ss a<span class=\"_ _4\"></span>nd it<span class=\"_ _4\"></span>s c<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>tom<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s. E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR is c<span class=\"_ _4\"></span>los<span class=\"_ _4\"></span>ely m<span class=\"_ _4\"></span>onito<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ng cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ent d<span class=\"_ _4\"></span>evelo<span class=\"_ _4\"></span>pme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d</div>\n<div class=\"t m135 xe hb y69 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>s rela<span class=\"_ _4\"></span>ted to c<span class=\"_ _4\"></span>limate c<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ge an<span class=\"_ _4\"></span>d sus<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>aina<span class=\"_ _4\"></span>bili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y (see al<span class=\"_ _4\"></span>so s<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion 3.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>. ES<span class=\"_ _4\"></span>G of this a<span class=\"_ _4\"></span>nnua<span class=\"_ _4\"></span>l rep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>), and b<span class=\"_ _4\"></span>elieves<span class=\"_ _4\"></span> </div>\n<div class=\"t m8 xe hb y6a ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>ese c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>ntly d<span class=\"_ _4\"></span>o not re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>t in f<span class=\"_ _4\"></span>und<span class=\"_ _4\"></span>ame<span class=\"_ _4\"></span>nta<span class=\"_ _4\"></span>lly ch<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>ed ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns re<span class=\"_ _4\"></span>gar<span class=\"_ _4\"></span>ding u<span class=\"_ _4\"></span>sef<span class=\"_ _4\"></span>ul li<span class=\"_ _4\"></span>ves or r<span class=\"_ _4\"></span>ecove<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>bilit<span class=\"_ _7\"></span>y of our</div>\n<div class=\"t m157 xe hb y7b ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">\ufb02ee<span class=\"_ _4\"></span>t. In t<span class=\"_ _4\"></span>he se<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>tiv<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y an<span class=\"_ _4\"></span>alys<span class=\"_ _4\"></span>is of t<span class=\"_ _4\"></span>he an<span class=\"_ _4\"></span>nual im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>m<span class=\"_ _4\"></span>ent te<span class=\"_ _4\"></span>st o<span class=\"_ _4\"></span>f ves<span class=\"_ _4\"></span>sel<span class=\"_ _4\"></span>s and b<span class=\"_ _4\"></span>arg<span class=\"_ _4\"></span>es, t<span class=\"_ _4\"></span>he age a<span class=\"_ _4\"></span>nd em<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>sio<span class=\"_ _4\"></span>n rat<span class=\"_ _4\"></span>ing of</div>\n<div class=\"t m8 xe hb y6b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">eac<span class=\"_ _4\"></span>h par<span class=\"_ _7\"></span>tic<span class=\"_ _4\"></span>ular a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et w<span class=\"_ _4\"></span>as co<span class=\"_ _4\"></span>nsid<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>d.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 179px; height: 960px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag450": {
   "value": "The estimates and the underlying assumptions are reviewed on an ongoing basis.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag474": {
   "value": "\n<div class=\"t m0 xe h6 y1b1 ff2 fs4 fc1 sc0 ls46 ws4a\" style=\"z-index: 15;\">Estimates<span class=\"_ _1\"></span> and assumptions</div>\n<div class=\"t m8 xe hb y50 ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e key ass<span class=\"_ _4\"></span>ump<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns co<span class=\"_ _4\"></span>ncer<span class=\"_ _4\"></span>ni<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e fu<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e and ot<span class=\"_ _4\"></span>her key s<span class=\"_ _4\"></span>our<span class=\"_ _4\"></span>ces of e<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tima<span class=\"_ _4\"></span>tion u<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>aint<span class=\"_ _7\"></span>y at th<span class=\"_ _4\"></span>e rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>ting d<span class=\"_ _4\"></span>ate,</div>\n<div class=\"t m148 xe hb y51 ff1 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">tha<span class=\"_ _4\"></span>t have a sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>ant r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k of ca<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>ng a mate<span class=\"_ _4\"></span>rial a<span class=\"_ _4\"></span>dju<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt to th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s of as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s and li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>ties w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>hin th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y52 ff1 fs9 fc2 sc0 ls2 ws3b\" style=\"z-index: 15;\">nex<span class=\"_ _4\"></span>t \ufb01n<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>ial year<span class=\"_ _3\"></span>, are de<span class=\"_ _4\"></span>sc<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>be<span class=\"_ _4\"></span>d bel<span class=\"_ _4\"></span>ow. The Gro<span class=\"_ _4\"></span>up b<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d it<span class=\"_ _4\"></span>s as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>umpt<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s and e<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>es on p<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ame<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>s avail<span class=\"_ _4\"></span>able</div>\n<div class=\"t m149 xe hb y53 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">wh<span class=\"_ _4\"></span>en th<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span>sol<span class=\"_ _4\"></span>idat<span class=\"_ _4\"></span>ed \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al s<span class=\"_ _4\"></span>tat<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s wer<span class=\"_ _4\"></span>e pre<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ed. E<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>g circ<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ces a<span class=\"_ _4\"></span>nd as<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>mpt<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s abo<span class=\"_ _4\"></span>ut f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure</div>\n<div class=\"t m14a xe hb y54 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">deve<span class=\"_ _4\"></span>lop<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s, howeve<span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>, may c<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>e due to m<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ket cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s or cir<span class=\"_ _4\"></span>cum<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>nces a<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>sing t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e beyo<span class=\"_ _4\"></span>nd co<span class=\"_ _4\"></span>ntro<span class=\"_ _4\"></span>l of</div>\n<div class=\"t m8 xe hb y73 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p. Suc<span class=\"_ _4\"></span>h cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>\ufb02ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed in t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>umpt<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>ey occ<span class=\"_ _4\"></span>ur<span class=\"_ _3\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 624px; height: 128px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:ExplanationOfAssumptionAboutFutureWithSignificantRiskOfResultingInMaterialAdjustments",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag464": {
   "value": "\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x1 h13 y43 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>. <span class=\"_ _11\"> </span>BASIS OF CONSOLIDA<span class=\"_ _1\"></span>TION</div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1 h6 y1b4 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Business combinations</div>\n<div class=\"t m158 x1 hb y83 ff1 fs9 fc2 sc0 ls25 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>s f<span class=\"_ _4\"></span>or bu<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s com<span class=\"_ _4\"></span>bin<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns us<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he ac<span class=\"_ _4\"></span>quis<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>ion me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>d wh<span class=\"_ _4\"></span>en co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ol is t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up.</div>\n<div class=\"t m8e x1 hb y84 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">In de<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>min<span class=\"_ _4\"></span>ing w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>her a p<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>icul<span class=\"_ _4\"></span>ar se<span class=\"_ _4\"></span>t of ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>ties a<span class=\"_ _4\"></span>nd as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s is a b<span class=\"_ _4\"></span>usin<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s, th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ses w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>r the s<span class=\"_ _4\"></span>et of</div>\n<div class=\"t m8 x1 hb y85 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd ac<span class=\"_ _7\"></span>tiv<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s acq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>es, at a m<span class=\"_ _4\"></span>inim<span class=\"_ _4\"></span>um, an in<span class=\"_ _4\"></span>put a<span class=\"_ _4\"></span>nd s<span class=\"_ _4\"></span>ubs<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ant<span class=\"_ _4\"></span>ive pr<span class=\"_ _4\"></span>oce<span class=\"_ _4\"></span>ss a<span class=\"_ _4\"></span>nd w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>he acq<span class=\"_ _4\"></span>uir<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m8 x1 hb yb7 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">set h<span class=\"_ _4\"></span>as th<span class=\"_ _4\"></span>e abil<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y to p<span class=\"_ _4\"></span>rod<span class=\"_ _4\"></span>uce o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>put<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t m159 x1 hb y87 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">The G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p has an o<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n to ap<span class=\"_ _4\"></span>ply a \u2018conc<span class=\"_ _4\"></span>entr<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion te<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>\u2019 t<span class=\"_ _4\"></span>hat p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>mit<span class=\"_ _4\"></span>s a si<span class=\"_ _4\"></span>mpli<span class=\"_ _4\"></span>\ufb01ed a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ment of w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>her a<span class=\"_ _4\"></span>n acq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d</div>\n<div class=\"t m15a x1 hb y8c ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">set o<span class=\"_ _4\"></span>f ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>vit<span class=\"_ _4\"></span>ies a<span class=\"_ _4\"></span>nd as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s is not a b<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>ines<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>. The o<span class=\"_ _4\"></span>pti<span class=\"_ _4\"></span>onal c<span class=\"_ _4\"></span>onc<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ion t<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t is me<span class=\"_ _4\"></span>t if su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>anti<span class=\"_ _4\"></span>ally all of t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>al<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y88 ff1 fs9 fc2 sc0 ls2 ws24\" style=\"z-index: 15;\">ue of t<span class=\"_ _4\"></span>he gro<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s ac<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>red i<span class=\"_ _4\"></span>s con<span class=\"_ _4\"></span>cent<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ted i<span class=\"_ _4\"></span>n a sing<span class=\"_ _4\"></span>le id<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>i\ufb01ab<span class=\"_ _4\"></span>le as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t or gr<span class=\"_ _4\"></span>oup of s<span class=\"_ _4\"></span>imila<span class=\"_ _4\"></span>r ide<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>\ufb01abl<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t m15b x1 hb y89 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Goo<span class=\"_ _4\"></span>dw<span class=\"_ _4\"></span>ill is i<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>ally me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>red a<span class=\"_ _4\"></span>t the a<span class=\"_ _4\"></span>cqu<span class=\"_ _4\"></span>isit<span class=\"_ _4\"></span>ion d<span class=\"_ _4\"></span>ate as t<span class=\"_ _4\"></span>he exc<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s of th<span class=\"_ _4\"></span>e agg<span class=\"_ _4\"></span>reg<span class=\"_ _4\"></span>ate of t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue of t<span class=\"_ _4\"></span>he con<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>er<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m122 x1 hb y8a ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">atio<span class=\"_ _4\"></span>n tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>sf<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>red, p<span class=\"_ _4\"></span>lus t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nized a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt of any n<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>-c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rolli<span class=\"_ _4\"></span>ng inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s in t<span class=\"_ _4\"></span>he ac<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>re, plus \u2013 i<span class=\"_ _4\"></span>f the b<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s</div>\n<div class=\"t m15c x1 hb yd8 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>bin<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n is ac<span class=\"_ _4\"></span>hieve<span class=\"_ _4\"></span>d in s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>age<span class=\"_ _4\"></span>s \u2013 the f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue of t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t in t<span class=\"_ _4\"></span>he ac<span class=\"_ _4\"></span>quir<span class=\"_ _4\"></span>e, les<span class=\"_ _4\"></span>s the n<span class=\"_ _4\"></span>et rec<span class=\"_ _4\"></span>og<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y8b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">nize<span class=\"_ _4\"></span>d amo<span class=\"_ _4\"></span>unt (<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>ally at f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue) of t<span class=\"_ _4\"></span>he id<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>i\ufb01e<span class=\"_ _4\"></span>d as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>ies a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m8 x1 hb y1b5 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he exce<span class=\"_ _4\"></span>ss i<span class=\"_ _4\"></span>s neg<span class=\"_ _4\"></span>ative, a ba<span class=\"_ _4\"></span>rgai<span class=\"_ _4\"></span>n pur<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>se ga<span class=\"_ _4\"></span>in is im<span class=\"_ _4\"></span>med<span class=\"_ _4\"></span>iatel<span class=\"_ _4\"></span>y rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ized i<span class=\"_ _4\"></span>n pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>.</div>\n<div class=\"t m8 x1 hb y8d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>re ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>d as in<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>rre<span class=\"_ _4\"></span>d, exce<span class=\"_ _4\"></span>pt if re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e is<span class=\"_ _4\"></span>sue o<span class=\"_ _4\"></span>f deb<span class=\"_ _4\"></span>t or eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>es.</div>\n<div class=\"t m15d x1 hb y4c ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">The c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tion t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d do<span class=\"_ _4\"></span>es not i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ts r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e set<span class=\"_ _7\"></span>tle<span class=\"_ _4\"></span>ment of p<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>exi<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ting r<span class=\"_ _4\"></span>elati<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>hips<span class=\"_ _4\"></span>.</div>\n<div class=\"t m8 x1 hb y4d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Suc<span class=\"_ _4\"></span>h am<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>re ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>ally r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>.</div>\n<div class=\"t m15e x1 hb y4e ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Any c<span class=\"_ _4\"></span>onti<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>nt co<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>der<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion is m<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue at t<span class=\"_ _4\"></span>he dat<span class=\"_ _4\"></span>e of acq<span class=\"_ _4\"></span>uis<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n. If an o<span class=\"_ _4\"></span>bli<span class=\"_ _4\"></span>gati<span class=\"_ _4\"></span>on to p<span class=\"_ _4\"></span>ay cont<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>ent</div>\n<div class=\"t m15f x1 hb y72 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n tha<span class=\"_ _4\"></span>t mee<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s the d<span class=\"_ _4\"></span>e\ufb01ni<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of a \ufb01nan<span class=\"_ _4\"></span>cial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>nt is c<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si\ufb01<span class=\"_ _4\"></span>ed as e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>hen i<span class=\"_ _4\"></span>t is not r<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>asur<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>nd</div>\n<div class=\"t m160 x1 hb y4f ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">set<span class=\"_ _7\"></span>tle<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t is acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed fo<span class=\"_ _4\"></span>r wit<span class=\"_ _4\"></span>hin e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>. O<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>her<span class=\"_ _7\"></span>wis<span class=\"_ _4\"></span>e, othe<span class=\"_ _4\"></span>r cont<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>ent co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ion i<span class=\"_ _4\"></span>s rem<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>red a<span class=\"_ _4\"></span>t fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e at</div>\n<div class=\"t m8 x1 hb y50 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">eac<span class=\"_ _4\"></span>h rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g date a<span class=\"_ _4\"></span>nd su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uent c<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ges i<span class=\"_ _4\"></span>n fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>t or los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 707px; height: 342px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 707px; height: 342px; width: 90%; z-index: 4;\"><br/></div>\n\n\n<div class=\"t m0 x1 h6 y1b6 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Subsidiaries</div>\n<div class=\"t m8 x1 hb y54 ff1 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">Sub<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>iar<span class=\"_ _4\"></span>ies ar<span class=\"_ _4\"></span>e tho<span class=\"_ _4\"></span>se e<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>ties c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rolle<span class=\"_ _4\"></span>d by t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up. Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p con<span class=\"_ _4\"></span>tro<span class=\"_ _4\"></span>ls an e<span class=\"_ _4\"></span>ntit<span class=\"_ _4\"></span>y w<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>n it is ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ose<span class=\"_ _4\"></span>d to, or has</div>\n<div class=\"t m20 x1 hb y73 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">rig<span class=\"_ _4\"></span>ht<span class=\"_ _4\"></span>s to, var<span class=\"_ _4\"></span>iabl<span class=\"_ _4\"></span>e ret<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ns f<span class=\"_ _4\"></span>rom it<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>nvolve<span class=\"_ _4\"></span>ment w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h the e<span class=\"_ _4\"></span>ntit<span class=\"_ _7\"></span>y and ha<span class=\"_ _4\"></span>s the a<span class=\"_ _4\"></span>bili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y to af<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>hos<span class=\"_ _4\"></span>e ret<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ns th<span class=\"_ _4\"></span>roug<span class=\"_ _4\"></span>h it<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x1 hb y55 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pow<span class=\"_ _4\"></span>er over t<span class=\"_ _4\"></span>he e<span class=\"_ _4\"></span>ntit<span class=\"_ _4\"></span>y.</div>\n<div class=\"t m161 x1 hb y56 ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s of s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>iari<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e incl<span class=\"_ _4\"></span>ude<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>nso<span class=\"_ _4\"></span>lid<span class=\"_ _4\"></span>ated \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>he da<span class=\"_ _4\"></span>te on w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h</div>\n<div class=\"t m162 x1 hb y57 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>tro<span class=\"_ _4\"></span>l com<span class=\"_ _4\"></span>menc<span class=\"_ _4\"></span>es un<span class=\"_ _4\"></span>til t<span class=\"_ _4\"></span>he dat<span class=\"_ _4\"></span>e on wh<span class=\"_ _4\"></span>ich c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rol cea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s. Al<span class=\"_ _4\"></span>l intr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>Gro<span class=\"_ _4\"></span>up bal<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>es, in<span class=\"_ _4\"></span>come a<span class=\"_ _4\"></span>nd ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es, un<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y58 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">alize<span class=\"_ _4\"></span>d gai<span class=\"_ _4\"></span>ns and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s and d<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>den<span class=\"_ _4\"></span>ds re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>g fro<span class=\"_ _4\"></span>m int<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>Gro<span class=\"_ _4\"></span>up t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nsa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns ar<span class=\"_ _4\"></span>e elimi<span class=\"_ _4\"></span>nate<span class=\"_ _4\"></span>d in f<span class=\"_ _4\"></span>ull.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 558px; height: 128px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x1 h6 y1b7 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Los<span class=\"_ _4\"></span>s of co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ol</div>\n<div class=\"t m163 x1 hb y5c ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Up<span class=\"_ _4\"></span>on t<span class=\"_ _4\"></span>he los<span class=\"_ _4\"></span>s of c<span class=\"_ _4\"></span>ontr<span class=\"_ _4\"></span>ol, the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p der<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnize<span class=\"_ _4\"></span>s th<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>ies of t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>ubs<span class=\"_ _4\"></span>idia<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>, a<span class=\"_ _4\"></span>nd no<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rolli<span class=\"_ _4\"></span>ng</div>\n<div class=\"t m8 x1 hb y5d ff1 fs9 fc2 sc0 ls2 ws1c\" style=\"z-index: 15;\">inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d the o<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r com<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>nent<span class=\"_ _4\"></span>s of e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d to the s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>iar<span class=\"_ _4\"></span>y. Any su<span class=\"_ _4\"></span>rp<span class=\"_ _4\"></span>lus o<span class=\"_ _4\"></span>r de\ufb01c<span class=\"_ _4\"></span>it ar<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ing on t<span class=\"_ _4\"></span>he lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s of</div>\n<div class=\"t m8 x1 hb y1b8 ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>trol i<span class=\"_ _4\"></span>s rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ized i<span class=\"_ _4\"></span>n pro\ufb01<span class=\"_ _4\"></span>t and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s. If t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up re<span class=\"_ _4\"></span>tai<span class=\"_ _4\"></span>ns any i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t in th<span class=\"_ _4\"></span>e prev<span class=\"_ _4\"></span>iou<span class=\"_ _4\"></span>s sub<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>iar<span class=\"_ _7\"></span>y<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>hen s<span class=\"_ _4\"></span>uch i<span class=\"_ _4\"></span>nter</div>\n<div class=\"t m8 x14 hb y5e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y5f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">es<span class=\"_ _4\"></span>t is me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>red a<span class=\"_ _4\"></span>t fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e at th<span class=\"_ _4\"></span>e date t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntro<span class=\"_ _4\"></span>l is lo<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>.</div>\n\n<div><br/></div>\n<div class=\"t m0 x1 h6 y1b9 ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Interests in equity-accounted<span class=\"_ _3\"></span> inv<span class=\"_ _1\"></span>es<span class=\"_ _4\"></span>tees</div>\n<div class=\"t m8 x1 hb y61 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t in e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted inve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s com<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>s inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s in as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>oci<span class=\"_ _4\"></span>ates a<span class=\"_ _4\"></span>nd joi<span class=\"_ _4\"></span>nt vent<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m164 x1 hb y77 ff2 fs9 fc2 sc0 ls1f ws42\" style=\"z-index: 15;\">As<span class=\"_ _4\"></span>sociates<span class=\"ff1 ls2 wsd\"> are th<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>e enti<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s in whi<span class=\"_ _4\"></span>ch t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up ha<span class=\"_ _4\"></span>s sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>ant i<span class=\"_ _4\"></span>n\ufb02ue<span class=\"_ _4\"></span>nce, bu<span class=\"_ _4\"></span>t not co<span class=\"_ _4\"></span>ntro<span class=\"_ _4\"></span>l or joi<span class=\"_ _4\"></span>nt con<span class=\"_ _4\"></span>tro<span class=\"_ _4\"></span>l, over the </span></div>\n<div class=\"t m165 x1 hb y63 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">\ufb01na<span class=\"_ _4\"></span>ncial a<span class=\"_ _4\"></span>nd o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ing p<span class=\"_ _4\"></span>olic<span class=\"_ _4\"></span>ies. S<span class=\"_ _4\"></span>igni<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>ant in\ufb02<span class=\"_ _4\"></span>uen<span class=\"_ _4\"></span>ce is p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>d to ex<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up ho<span class=\"_ _4\"></span>lds b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>een 20<span class=\"_ _4\"></span>% an<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 x1 hb y64 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">50% o<span class=\"_ _4\"></span>f the vot<span class=\"_ _4\"></span>ing p<span class=\"_ _4\"></span>ower.</div>\n\n<div class=\"t m166 x1 hb y65 ff1 fs9 fc2 sc0 ls1c ws23\" style=\"z-index: 15;\">A <span class=\"ff2 ls35 ws2c\">joint venture</span><span class=\"wsb\"> is an ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt in w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h the G<span class=\"_ _4\"></span>roup h<span class=\"_ _4\"></span>as joi<span class=\"_ _4\"></span>nt con<span class=\"_ _4\"></span>tro<span class=\"_ _4\"></span>l, wher<span class=\"_ _4\"></span>eby t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up ha<span class=\"_ _4\"></span>s rig<span class=\"_ _4\"></span>ht<span class=\"_ _4\"></span>s to th<span class=\"_ _4\"></span>e net </span></div>\n<div class=\"t m8 x1 hb y79 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>f the a<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent, r<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>han r<span class=\"_ _4\"></span>igh<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s to it<span class=\"_ _4\"></span>s as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s and o<span class=\"_ _4\"></span>blig<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns for i<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es.</div>\n<div class=\"t m167 x1 hb y66 ff1 fs9 fc2 sc0 ls11 wsc\" style=\"z-index: 15;\">Inves<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts i<span class=\"_ _4\"></span>n as<span class=\"_ _4\"></span>so<span class=\"_ _4\"></span>ciate<span class=\"_ _4\"></span>s and j<span class=\"_ _4\"></span>oint ve<span class=\"_ _4\"></span>ntu<span class=\"_ _4\"></span>res ar<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d for u<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>g the e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y met<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>d and a<span class=\"_ _4\"></span>re rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d init<span class=\"_ _4\"></span>ially a<span class=\"_ _4\"></span>t</div>\n<div class=\"t m168 x1 hb y67 ff1 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">cos<span class=\"_ _4\"></span>t. T<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t of the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>des t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on co<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>. Sub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>nt to ini<span class=\"_ _4\"></span>tial r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnit<span class=\"_ _4\"></span>ion, th<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span>soli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>n<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m169 x1 hb y68 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>ncl<span class=\"_ _4\"></span>ude t<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup\u2019<span class=\"_ _1\"></span>s s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>e of the p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>t or los<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd OCI of e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s, fr<span class=\"_ _4\"></span>om th<span class=\"_ _4\"></span>e date</div>\n<div class=\"t m16a x1 hb y69 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">tha<span class=\"_ _4\"></span>t sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>ant i<span class=\"_ _4\"></span>n\ufb02ue<span class=\"_ _4\"></span>nce o<span class=\"_ _4\"></span>r joint c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rol c<span class=\"_ _4\"></span>omm<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>es unt<span class=\"_ _4\"></span>il th<span class=\"_ _4\"></span>e date t<span class=\"_ _4\"></span>hat s<span class=\"_ _4\"></span>igni<span class=\"_ _4\"></span>\ufb01ca<span class=\"_ _4\"></span>nt in\ufb02<span class=\"_ _4\"></span>uen<span class=\"_ _4\"></span>ce or jo<span class=\"_ _4\"></span>int co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ol cea<span class=\"_ _4\"></span>ses<span class=\"_ _4\"></span>.</div>\n<div class=\"t m16b x1 hb y6a ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he sh<span class=\"_ _4\"></span>are of t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up in t<span class=\"_ _4\"></span>he lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es exc<span class=\"_ _4\"></span>eed<span class=\"_ _4\"></span>s it<span class=\"_ _4\"></span>s in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>st i<span class=\"_ _4\"></span>n an e<span class=\"_ _4\"></span>quit<span class=\"_ _7\"></span>y acco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>e, the c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>yi<span class=\"_ _4\"></span>ng am<span class=\"_ _4\"></span>ount of<span class=\"_ _4\"></span> </div>\n<div class=\"t m16c x1 hb y7b ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">tha<span class=\"_ _4\"></span>t inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t is re<span class=\"_ _4\"></span>duc<span class=\"_ _4\"></span>ed to ze<span class=\"_ _4\"></span>ro, and t<span class=\"_ _4\"></span>he rec<span class=\"_ _4\"></span>og<span class=\"_ _4\"></span>nitio<span class=\"_ _4\"></span>n of fu<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>re los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es is di<span class=\"_ _4\"></span>sco<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>nue<span class=\"_ _4\"></span>d, except t<span class=\"_ _4\"></span>o the ex<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ent t<span class=\"_ _4\"></span>hat th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p</div>\n<div class=\"t m16d x1 hb y6b ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">has a<span class=\"_ _4\"></span>n obli<span class=\"_ _4\"></span>gati<span class=\"_ _4\"></span>on or ha<span class=\"_ _4\"></span>s mad<span class=\"_ _4\"></span>e pay<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts o<span class=\"_ _4\"></span>n be<span class=\"_ _4\"></span>half o<span class=\"_ _4\"></span>f the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee. In s<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>h ca<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>he neg<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ve inves<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ment i<span class=\"_ _4\"></span>n eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m16e x1 hb y6c ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s is de<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m othe<span class=\"_ _4\"></span>r com<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>nen<span class=\"_ _4\"></span>ts o<span class=\"_ _4\"></span>f the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>\u2019s intere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t in th<span class=\"_ _4\"></span>e eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee (<span class=\"_ _4\"></span>bo<span class=\"_ _4\"></span>r<span class=\"_ _3\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m16f x1 hb y6d ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s to eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>ccou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es). If the n<span class=\"_ _4\"></span>ega<span class=\"_ _4\"></span>tive i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent in e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s exce<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>s the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>\u2019s</div>\n<div class=\"t m170 x1 hb y6e ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t, a li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d for t<span class=\"_ _4\"></span>he ne<span class=\"_ _4\"></span>t amo<span class=\"_ _4\"></span>unt. U<span class=\"_ _4\"></span>nrea<span class=\"_ _4\"></span>lise<span class=\"_ _4\"></span>d gai<span class=\"_ _4\"></span>ns ar<span class=\"_ _4\"></span>isi<span class=\"_ _4\"></span>ng f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ons w<span class=\"_ _4\"></span>ith e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted</div>\n<div class=\"t m171 x1 hb y6f ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e elimi<span class=\"_ _4\"></span>nate<span class=\"_ _4\"></span>d agai<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>t the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent to t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up<span class=\"_ _3\"></span>\u2019<span class=\"_ _3\"></span>s inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t in t<span class=\"_ _4\"></span>he inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ee. Unr<span class=\"_ _4\"></span>ealis<span class=\"_ _4\"></span>ed lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m16d x1 hb y70 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">es ar<span class=\"_ _4\"></span>e elimi<span class=\"_ _4\"></span>nate<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e sa<span class=\"_ _4\"></span>me way a<span class=\"_ _4\"></span>s unre<span class=\"_ _4\"></span>alis<span class=\"_ _4\"></span>ed gai<span class=\"_ _4\"></span>ns, b<span class=\"_ _4\"></span>ut onl<span class=\"_ _4\"></span>y to th<span class=\"_ _4\"></span>e ex<span class=\"_ _4\"></span>ten<span class=\"_ _4\"></span>t that t<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>e is no ev<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>nce of i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>ir<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 96px; height: 235px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 96px; height: 326px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 96px; height: 994px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag454": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x1 h6 y1b4 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Business combinations</div>\n<div class=\"t m158 x1 hb y83 ff1 fs9 fc2 sc0 ls25 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>s f<span class=\"_ _4\"></span>or bu<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s com<span class=\"_ _4\"></span>bin<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns us<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he ac<span class=\"_ _4\"></span>quis<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>ion me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>d wh<span class=\"_ _4\"></span>en co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ol is t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up.</div>\n<div class=\"t m8e x1 hb y84 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">In de<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>min<span class=\"_ _4\"></span>ing w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>her a p<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>icul<span class=\"_ _4\"></span>ar se<span class=\"_ _4\"></span>t of ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>ties a<span class=\"_ _4\"></span>nd as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s is a b<span class=\"_ _4\"></span>usin<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s, th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ses w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>r the s<span class=\"_ _4\"></span>et of</div>\n<div class=\"t m8 x1 hb y85 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd ac<span class=\"_ _7\"></span>tiv<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s acq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>es, at a m<span class=\"_ _4\"></span>inim<span class=\"_ _4\"></span>um, an in<span class=\"_ _4\"></span>put a<span class=\"_ _4\"></span>nd s<span class=\"_ _4\"></span>ubs<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ant<span class=\"_ _4\"></span>ive pr<span class=\"_ _4\"></span>oce<span class=\"_ _4\"></span>ss a<span class=\"_ _4\"></span>nd w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>he acq<span class=\"_ _4\"></span>uir<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m8 x1 hb yb7 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">set h<span class=\"_ _4\"></span>as th<span class=\"_ _4\"></span>e abil<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y to p<span class=\"_ _4\"></span>rod<span class=\"_ _4\"></span>uce o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>put<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t m159 x1 hb y87 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">The G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p has an o<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n to ap<span class=\"_ _4\"></span>ply a \u2018conc<span class=\"_ _4\"></span>entr<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion te<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>\u2019 t<span class=\"_ _4\"></span>hat p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>mit<span class=\"_ _4\"></span>s a si<span class=\"_ _4\"></span>mpli<span class=\"_ _4\"></span>\ufb01ed a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ment of w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>her a<span class=\"_ _4\"></span>n acq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d</div>\n<div class=\"t m15a x1 hb y8c ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">set o<span class=\"_ _4\"></span>f ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>vit<span class=\"_ _4\"></span>ies a<span class=\"_ _4\"></span>nd as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s is not a b<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>ines<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>. The o<span class=\"_ _4\"></span>pti<span class=\"_ _4\"></span>onal c<span class=\"_ _4\"></span>onc<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ion t<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t is me<span class=\"_ _4\"></span>t if su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>anti<span class=\"_ _4\"></span>ally all of t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>al<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y88 ff1 fs9 fc2 sc0 ls2 ws24\" style=\"z-index: 15;\">ue of t<span class=\"_ _4\"></span>he gro<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s ac<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>red i<span class=\"_ _4\"></span>s con<span class=\"_ _4\"></span>cent<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ted i<span class=\"_ _4\"></span>n a sing<span class=\"_ _4\"></span>le id<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>i\ufb01ab<span class=\"_ _4\"></span>le as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t or gr<span class=\"_ _4\"></span>oup of s<span class=\"_ _4\"></span>imila<span class=\"_ _4\"></span>r ide<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>\ufb01abl<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t m15b x1 hb y89 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Goo<span class=\"_ _4\"></span>dw<span class=\"_ _4\"></span>ill is i<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>ally me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>red a<span class=\"_ _4\"></span>t the a<span class=\"_ _4\"></span>cqu<span class=\"_ _4\"></span>isit<span class=\"_ _4\"></span>ion d<span class=\"_ _4\"></span>ate as t<span class=\"_ _4\"></span>he exc<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s of th<span class=\"_ _4\"></span>e agg<span class=\"_ _4\"></span>reg<span class=\"_ _4\"></span>ate of t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue of t<span class=\"_ _4\"></span>he con<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>er<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m122 x1 hb y8a ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">atio<span class=\"_ _4\"></span>n tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>sf<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>red, p<span class=\"_ _4\"></span>lus t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nized a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt of any n<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>-c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rolli<span class=\"_ _4\"></span>ng inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s in t<span class=\"_ _4\"></span>he ac<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>re, plus \u2013 i<span class=\"_ _4\"></span>f the b<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s</div>\n<div class=\"t m15c x1 hb yd8 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>bin<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n is ac<span class=\"_ _4\"></span>hieve<span class=\"_ _4\"></span>d in s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>age<span class=\"_ _4\"></span>s \u2013 the f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue of t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t in t<span class=\"_ _4\"></span>he ac<span class=\"_ _4\"></span>quir<span class=\"_ _4\"></span>e, les<span class=\"_ _4\"></span>s the n<span class=\"_ _4\"></span>et rec<span class=\"_ _4\"></span>og<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y8b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">nize<span class=\"_ _4\"></span>d amo<span class=\"_ _4\"></span>unt (<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>ally at f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue) of t<span class=\"_ _4\"></span>he id<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>i\ufb01e<span class=\"_ _4\"></span>d as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>ies a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m8 x1 hb y1b5 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he exce<span class=\"_ _4\"></span>ss i<span class=\"_ _4\"></span>s neg<span class=\"_ _4\"></span>ative, a ba<span class=\"_ _4\"></span>rgai<span class=\"_ _4\"></span>n pur<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>se ga<span class=\"_ _4\"></span>in is im<span class=\"_ _4\"></span>med<span class=\"_ _4\"></span>iatel<span class=\"_ _4\"></span>y rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ized i<span class=\"_ _4\"></span>n pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>.</div>\n<div class=\"t m8 x1 hb y8d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>re ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>d as in<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>rre<span class=\"_ _4\"></span>d, exce<span class=\"_ _4\"></span>pt if re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e is<span class=\"_ _4\"></span>sue o<span class=\"_ _4\"></span>f deb<span class=\"_ _4\"></span>t or eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>es.</div>\n<div class=\"t m15d x1 hb y4c ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">The c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tion t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d do<span class=\"_ _4\"></span>es not i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ts r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e set<span class=\"_ _7\"></span>tle<span class=\"_ _4\"></span>ment of p<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>exi<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ting r<span class=\"_ _4\"></span>elati<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>hips<span class=\"_ _4\"></span>.</div>\n<div class=\"t m8 x1 hb y4d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Suc<span class=\"_ _4\"></span>h am<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>re ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>ally r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>.</div>\n<div class=\"t m15e x1 hb y4e ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Any c<span class=\"_ _4\"></span>onti<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>nt co<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>der<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion is m<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue at t<span class=\"_ _4\"></span>he dat<span class=\"_ _4\"></span>e of acq<span class=\"_ _4\"></span>uis<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n. If an o<span class=\"_ _4\"></span>bli<span class=\"_ _4\"></span>gati<span class=\"_ _4\"></span>on to p<span class=\"_ _4\"></span>ay cont<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>ent</div>\n<div class=\"t m15f x1 hb y72 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n tha<span class=\"_ _4\"></span>t mee<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s the d<span class=\"_ _4\"></span>e\ufb01ni<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of a \ufb01nan<span class=\"_ _4\"></span>cial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>nt is c<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si\ufb01<span class=\"_ _4\"></span>ed as e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>hen i<span class=\"_ _4\"></span>t is not r<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>asur<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>nd</div>\n<div class=\"t m160 x1 hb y4f ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">set<span class=\"_ _7\"></span>tle<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t is acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed fo<span class=\"_ _4\"></span>r wit<span class=\"_ _4\"></span>hin e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>. O<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>her<span class=\"_ _7\"></span>wis<span class=\"_ _4\"></span>e, othe<span class=\"_ _4\"></span>r cont<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>ent co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ion i<span class=\"_ _4\"></span>s rem<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>red a<span class=\"_ _4\"></span>t fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e at</div>\n<div class=\"t m8 x1 hb y50 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">eac<span class=\"_ _4\"></span>h rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g date a<span class=\"_ _4\"></span>nd su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uent c<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ges i<span class=\"_ _4\"></span>n fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>t or los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 707px; height: 342px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 707px; height: 342px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag476": {
   "value": "\n<div class=\"t m0 x1 h6 y1b4 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Business combinations</div>\n<div class=\"t m158 x1 hb y83 ff1 fs9 fc2 sc0 ls25 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>s f<span class=\"_ _4\"></span>or bu<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s com<span class=\"_ _4\"></span>bin<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns us<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he ac<span class=\"_ _4\"></span>quis<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>ion me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>d wh<span class=\"_ _4\"></span>en co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ol is t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up.</div>\n<div class=\"t m8e x1 hb y84 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">In de<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>min<span class=\"_ _4\"></span>ing w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>her a p<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>icul<span class=\"_ _4\"></span>ar se<span class=\"_ _4\"></span>t of ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>ties a<span class=\"_ _4\"></span>nd as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s is a b<span class=\"_ _4\"></span>usin<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s, th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ses w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>r the s<span class=\"_ _4\"></span>et of</div>\n<div class=\"t m8 x1 hb y85 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd ac<span class=\"_ _7\"></span>tiv<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s acq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>es, at a m<span class=\"_ _4\"></span>inim<span class=\"_ _4\"></span>um, an in<span class=\"_ _4\"></span>put a<span class=\"_ _4\"></span>nd s<span class=\"_ _4\"></span>ubs<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ant<span class=\"_ _4\"></span>ive pr<span class=\"_ _4\"></span>oce<span class=\"_ _4\"></span>ss a<span class=\"_ _4\"></span>nd w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>he acq<span class=\"_ _4\"></span>uir<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m8 x1 hb yb7 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">set h<span class=\"_ _4\"></span>as th<span class=\"_ _4\"></span>e abil<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y to p<span class=\"_ _4\"></span>rod<span class=\"_ _4\"></span>uce o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>put<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t m159 x1 hb y87 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">The G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p has an o<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n to ap<span class=\"_ _4\"></span>ply a \u2018conc<span class=\"_ _4\"></span>entr<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion te<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>\u2019 t<span class=\"_ _4\"></span>hat p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>mit<span class=\"_ _4\"></span>s a si<span class=\"_ _4\"></span>mpli<span class=\"_ _4\"></span>\ufb01ed a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ment of w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>her a<span class=\"_ _4\"></span>n acq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d</div>\n<div class=\"t m15a x1 hb y8c ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">set o<span class=\"_ _4\"></span>f ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>vit<span class=\"_ _4\"></span>ies a<span class=\"_ _4\"></span>nd as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s is not a b<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>ines<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>. The o<span class=\"_ _4\"></span>pti<span class=\"_ _4\"></span>onal c<span class=\"_ _4\"></span>onc<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ion t<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t is me<span class=\"_ _4\"></span>t if su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>anti<span class=\"_ _4\"></span>ally all of t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>al<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y88 ff1 fs9 fc2 sc0 ls2 ws24\" style=\"z-index: 15;\">ue of t<span class=\"_ _4\"></span>he gro<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s ac<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>red i<span class=\"_ _4\"></span>s con<span class=\"_ _4\"></span>cent<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ted i<span class=\"_ _4\"></span>n a sing<span class=\"_ _4\"></span>le id<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>i\ufb01ab<span class=\"_ _4\"></span>le as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t or gr<span class=\"_ _4\"></span>oup of s<span class=\"_ _4\"></span>imila<span class=\"_ _4\"></span>r ide<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>\ufb01abl<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t m15b x1 hb y89 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Goo<span class=\"_ _4\"></span>dw<span class=\"_ _4\"></span>ill is i<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>ally me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>red a<span class=\"_ _4\"></span>t the a<span class=\"_ _4\"></span>cqu<span class=\"_ _4\"></span>isit<span class=\"_ _4\"></span>ion d<span class=\"_ _4\"></span>ate as t<span class=\"_ _4\"></span>he exc<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s of th<span class=\"_ _4\"></span>e agg<span class=\"_ _4\"></span>reg<span class=\"_ _4\"></span>ate of t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue of t<span class=\"_ _4\"></span>he con<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>er<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m122 x1 hb y8a ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">atio<span class=\"_ _4\"></span>n tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>sf<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>red, p<span class=\"_ _4\"></span>lus t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nized a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt of any n<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>-c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rolli<span class=\"_ _4\"></span>ng inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s in t<span class=\"_ _4\"></span>he ac<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>re, plus \u2013 i<span class=\"_ _4\"></span>f the b<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s</div>\n<div class=\"t m15c x1 hb yd8 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>bin<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n is ac<span class=\"_ _4\"></span>hieve<span class=\"_ _4\"></span>d in s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>age<span class=\"_ _4\"></span>s \u2013 the f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue of t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t in t<span class=\"_ _4\"></span>he ac<span class=\"_ _4\"></span>quir<span class=\"_ _4\"></span>e, les<span class=\"_ _4\"></span>s the n<span class=\"_ _4\"></span>et rec<span class=\"_ _4\"></span>og<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y8b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">nize<span class=\"_ _4\"></span>d amo<span class=\"_ _4\"></span>unt (<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>ally at f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue) of t<span class=\"_ _4\"></span>he id<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>i\ufb01e<span class=\"_ _4\"></span>d as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>ies a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m8 x1 hb y1b5 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he exce<span class=\"_ _4\"></span>ss i<span class=\"_ _4\"></span>s neg<span class=\"_ _4\"></span>ative, a ba<span class=\"_ _4\"></span>rgai<span class=\"_ _4\"></span>n pur<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>se ga<span class=\"_ _4\"></span>in is im<span class=\"_ _4\"></span>med<span class=\"_ _4\"></span>iatel<span class=\"_ _4\"></span>y rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ized i<span class=\"_ _4\"></span>n pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>.</div>\n<div class=\"t m8 x1 hb y8d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>re ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>d as in<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>rre<span class=\"_ _4\"></span>d, exce<span class=\"_ _4\"></span>pt if re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e is<span class=\"_ _4\"></span>sue o<span class=\"_ _4\"></span>f deb<span class=\"_ _4\"></span>t or eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>es.</div>\n<div class=\"t m15d x1 hb y4c ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">The c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tion t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d do<span class=\"_ _4\"></span>es not i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ts r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e set<span class=\"_ _7\"></span>tle<span class=\"_ _4\"></span>ment of p<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>exi<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ting r<span class=\"_ _4\"></span>elati<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>hips<span class=\"_ _4\"></span>.</div>\n<div class=\"t m8 x1 hb y4d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Suc<span class=\"_ _4\"></span>h am<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>re ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>ally r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>.</div>\n<div class=\"t m15e x1 hb y4e ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Any c<span class=\"_ _4\"></span>onti<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>nt co<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>der<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion is m<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue at t<span class=\"_ _4\"></span>he dat<span class=\"_ _4\"></span>e of acq<span class=\"_ _4\"></span>uis<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n. If an o<span class=\"_ _4\"></span>bli<span class=\"_ _4\"></span>gati<span class=\"_ _4\"></span>on to p<span class=\"_ _4\"></span>ay cont<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>ent</div>\n<div class=\"t m15f x1 hb y72 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n tha<span class=\"_ _4\"></span>t mee<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s the d<span class=\"_ _4\"></span>e\ufb01ni<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of a \ufb01nan<span class=\"_ _4\"></span>cial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>nt is c<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si\ufb01<span class=\"_ _4\"></span>ed as e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>hen i<span class=\"_ _4\"></span>t is not r<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>asur<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>nd</div>\n<div class=\"t m160 x1 hb y4f ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">set<span class=\"_ _7\"></span>tle<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t is acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed fo<span class=\"_ _4\"></span>r wit<span class=\"_ _4\"></span>hin e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>. O<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>her<span class=\"_ _7\"></span>wis<span class=\"_ _4\"></span>e, othe<span class=\"_ _4\"></span>r cont<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>ent co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ion i<span class=\"_ _4\"></span>s rem<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>red a<span class=\"_ _4\"></span>t fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e at</div>\n<div class=\"t m8 x1 hb y50 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">eac<span class=\"_ _4\"></span>h rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g date a<span class=\"_ _4\"></span>nd su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uent c<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ges i<span class=\"_ _4\"></span>n fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>t or los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 707px; height: 342px; width: 88%; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag467": {
   "value": "\n<div class=\"t m0 x1 h6 y1b6 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Subsidiaries</div>\n<div class=\"t m8 x1 hb y54 ff1 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">Sub<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>iar<span class=\"_ _4\"></span>ies ar<span class=\"_ _4\"></span>e tho<span class=\"_ _4\"></span>se e<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>ties c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rolle<span class=\"_ _4\"></span>d by t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up. Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p con<span class=\"_ _4\"></span>tro<span class=\"_ _4\"></span>ls an e<span class=\"_ _4\"></span>ntit<span class=\"_ _4\"></span>y w<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>n it is ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ose<span class=\"_ _4\"></span>d to, or has</div>\n<div class=\"t m20 x1 hb y73 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">rig<span class=\"_ _4\"></span>ht<span class=\"_ _4\"></span>s to, var<span class=\"_ _4\"></span>iabl<span class=\"_ _4\"></span>e ret<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ns f<span class=\"_ _4\"></span>rom it<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>nvolve<span class=\"_ _4\"></span>ment w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h the e<span class=\"_ _4\"></span>ntit<span class=\"_ _7\"></span>y and ha<span class=\"_ _4\"></span>s the a<span class=\"_ _4\"></span>bili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y to af<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>hos<span class=\"_ _4\"></span>e ret<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ns th<span class=\"_ _4\"></span>roug<span class=\"_ _4\"></span>h it<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x1 hb y55 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pow<span class=\"_ _4\"></span>er over t<span class=\"_ _4\"></span>he e<span class=\"_ _4\"></span>ntit<span class=\"_ _4\"></span>y.</div>\n<div class=\"t m161 x1 hb y56 ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s of s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>iari<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e incl<span class=\"_ _4\"></span>ude<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>nso<span class=\"_ _4\"></span>lid<span class=\"_ _4\"></span>ated \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>he da<span class=\"_ _4\"></span>te on w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h</div>\n<div class=\"t m162 x1 hb y57 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>tro<span class=\"_ _4\"></span>l com<span class=\"_ _4\"></span>menc<span class=\"_ _4\"></span>es un<span class=\"_ _4\"></span>til t<span class=\"_ _4\"></span>he dat<span class=\"_ _4\"></span>e on wh<span class=\"_ _4\"></span>ich c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rol cea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s. Al<span class=\"_ _4\"></span>l intr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>Gro<span class=\"_ _4\"></span>up bal<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>es, in<span class=\"_ _4\"></span>come a<span class=\"_ _4\"></span>nd ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es, un<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y58 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">alize<span class=\"_ _4\"></span>d gai<span class=\"_ _4\"></span>ns and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s and d<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>den<span class=\"_ _4\"></span>ds re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>g fro<span class=\"_ _4\"></span>m int<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>Gro<span class=\"_ _4\"></span>up t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nsa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns ar<span class=\"_ _4\"></span>e elimi<span class=\"_ _4\"></span>nate<span class=\"_ _4\"></span>d in f<span class=\"_ _4\"></span>ull.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 558px; height: 128px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag481": {
   "value": "\n<div><br/></div>\n<div class=\"t m0 x1 h6 y1b9 ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Interests in equity-accounted<span class=\"_ _3\"></span> inv<span class=\"_ _1\"></span>es<span class=\"_ _4\"></span>tees</div>\n<div class=\"t m8 x1 hb y61 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t in e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted inve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s com<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>s inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s in as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>oci<span class=\"_ _4\"></span>ates a<span class=\"_ _4\"></span>nd joi<span class=\"_ _4\"></span>nt vent<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m164 x1 hb y77 ff2 fs9 fc2 sc0 ls1f ws42\" style=\"z-index: 15;\">As<span class=\"_ _4\"></span>sociates<span class=\"ff1 ls2 wsd\"> are th<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>e enti<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s in whi<span class=\"_ _4\"></span>ch t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up ha<span class=\"_ _4\"></span>s sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>ant i<span class=\"_ _4\"></span>n\ufb02ue<span class=\"_ _4\"></span>nce, bu<span class=\"_ _4\"></span>t not co<span class=\"_ _4\"></span>ntro<span class=\"_ _4\"></span>l or joi<span class=\"_ _4\"></span>nt con<span class=\"_ _4\"></span>tro<span class=\"_ _4\"></span>l, over the </span></div>\n<div class=\"t m165 x1 hb y63 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">\ufb01na<span class=\"_ _4\"></span>ncial a<span class=\"_ _4\"></span>nd o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ing p<span class=\"_ _4\"></span>olic<span class=\"_ _4\"></span>ies. S<span class=\"_ _4\"></span>igni<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>ant in\ufb02<span class=\"_ _4\"></span>uen<span class=\"_ _4\"></span>ce is p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>d to ex<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up ho<span class=\"_ _4\"></span>lds b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>een 20<span class=\"_ _4\"></span>% an<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 x1 hb y64 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">50% o<span class=\"_ _4\"></span>f the vot<span class=\"_ _4\"></span>ing p<span class=\"_ _4\"></span>ower.</div>\n\n<div class=\"t m166 x1 hb y65 ff1 fs9 fc2 sc0 ls1c ws23\" style=\"z-index: 15;\">A <span class=\"ff2 ls35 ws2c\">joint venture</span><span class=\"wsb\"> is an ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt in w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h the G<span class=\"_ _4\"></span>roup h<span class=\"_ _4\"></span>as joi<span class=\"_ _4\"></span>nt con<span class=\"_ _4\"></span>tro<span class=\"_ _4\"></span>l, wher<span class=\"_ _4\"></span>eby t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up ha<span class=\"_ _4\"></span>s rig<span class=\"_ _4\"></span>ht<span class=\"_ _4\"></span>s to th<span class=\"_ _4\"></span>e net </span></div>\n<div class=\"t m8 x1 hb y79 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>f the a<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent, r<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>han r<span class=\"_ _4\"></span>igh<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s to it<span class=\"_ _4\"></span>s as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s and o<span class=\"_ _4\"></span>blig<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns for i<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es.</div>\n<div class=\"t m167 x1 hb y66 ff1 fs9 fc2 sc0 ls11 wsc\" style=\"z-index: 15;\">Inves<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts i<span class=\"_ _4\"></span>n as<span class=\"_ _4\"></span>so<span class=\"_ _4\"></span>ciate<span class=\"_ _4\"></span>s and j<span class=\"_ _4\"></span>oint ve<span class=\"_ _4\"></span>ntu<span class=\"_ _4\"></span>res ar<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d for u<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>g the e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y met<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>d and a<span class=\"_ _4\"></span>re rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d init<span class=\"_ _4\"></span>ially a<span class=\"_ _4\"></span>t</div>\n<div class=\"t m168 x1 hb y67 ff1 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">cos<span class=\"_ _4\"></span>t. T<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t of the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>des t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on co<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>. Sub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>nt to ini<span class=\"_ _4\"></span>tial r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnit<span class=\"_ _4\"></span>ion, th<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span>soli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>n<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m169 x1 hb y68 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>ncl<span class=\"_ _4\"></span>ude t<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup\u2019<span class=\"_ _1\"></span>s s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>e of the p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>t or los<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd OCI of e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s, fr<span class=\"_ _4\"></span>om th<span class=\"_ _4\"></span>e date</div>\n<div class=\"t m16a x1 hb y69 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">tha<span class=\"_ _4\"></span>t sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>ant i<span class=\"_ _4\"></span>n\ufb02ue<span class=\"_ _4\"></span>nce o<span class=\"_ _4\"></span>r joint c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rol c<span class=\"_ _4\"></span>omm<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>es unt<span class=\"_ _4\"></span>il th<span class=\"_ _4\"></span>e date t<span class=\"_ _4\"></span>hat s<span class=\"_ _4\"></span>igni<span class=\"_ _4\"></span>\ufb01ca<span class=\"_ _4\"></span>nt in\ufb02<span class=\"_ _4\"></span>uen<span class=\"_ _4\"></span>ce or jo<span class=\"_ _4\"></span>int co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ol cea<span class=\"_ _4\"></span>ses<span class=\"_ _4\"></span>.</div>\n<div class=\"t m16b x1 hb y6a ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he sh<span class=\"_ _4\"></span>are of t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up in t<span class=\"_ _4\"></span>he lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es exc<span class=\"_ _4\"></span>eed<span class=\"_ _4\"></span>s it<span class=\"_ _4\"></span>s in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>st i<span class=\"_ _4\"></span>n an e<span class=\"_ _4\"></span>quit<span class=\"_ _7\"></span>y acco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>e, the c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>yi<span class=\"_ _4\"></span>ng am<span class=\"_ _4\"></span>ount of<span class=\"_ _4\"></span> </div>\n<div class=\"t m16c x1 hb y7b ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">tha<span class=\"_ _4\"></span>t inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t is re<span class=\"_ _4\"></span>duc<span class=\"_ _4\"></span>ed to ze<span class=\"_ _4\"></span>ro, and t<span class=\"_ _4\"></span>he rec<span class=\"_ _4\"></span>og<span class=\"_ _4\"></span>nitio<span class=\"_ _4\"></span>n of fu<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>re los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es is di<span class=\"_ _4\"></span>sco<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>nue<span class=\"_ _4\"></span>d, except t<span class=\"_ _4\"></span>o the ex<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ent t<span class=\"_ _4\"></span>hat th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p</div>\n<div class=\"t m16d x1 hb y6b ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">has a<span class=\"_ _4\"></span>n obli<span class=\"_ _4\"></span>gati<span class=\"_ _4\"></span>on or ha<span class=\"_ _4\"></span>s mad<span class=\"_ _4\"></span>e pay<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts o<span class=\"_ _4\"></span>n be<span class=\"_ _4\"></span>half o<span class=\"_ _4\"></span>f the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee. In s<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>h ca<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>he neg<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ve inves<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ment i<span class=\"_ _4\"></span>n eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m16e x1 hb y6c ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s is de<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m othe<span class=\"_ _4\"></span>r com<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>nen<span class=\"_ _4\"></span>ts o<span class=\"_ _4\"></span>f the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>\u2019s intere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t in th<span class=\"_ _4\"></span>e eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee (<span class=\"_ _4\"></span>bo<span class=\"_ _4\"></span>r<span class=\"_ _3\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m16f x1 hb y6d ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s to eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>ccou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es). If the n<span class=\"_ _4\"></span>ega<span class=\"_ _4\"></span>tive i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent in e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s exce<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>s the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>\u2019s</div>\n<div class=\"t m170 x1 hb y6e ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t, a li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d for t<span class=\"_ _4\"></span>he ne<span class=\"_ _4\"></span>t amo<span class=\"_ _4\"></span>unt. U<span class=\"_ _4\"></span>nrea<span class=\"_ _4\"></span>lise<span class=\"_ _4\"></span>d gai<span class=\"_ _4\"></span>ns ar<span class=\"_ _4\"></span>isi<span class=\"_ _4\"></span>ng f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ons w<span class=\"_ _4\"></span>ith e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted</div>\n<div class=\"t m171 x1 hb y6f ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e elimi<span class=\"_ _4\"></span>nate<span class=\"_ _4\"></span>d agai<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>t the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent to t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up<span class=\"_ _3\"></span>\u2019<span class=\"_ _3\"></span>s inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t in t<span class=\"_ _4\"></span>he inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ee. Unr<span class=\"_ _4\"></span>ealis<span class=\"_ _4\"></span>ed lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m16d x1 hb y70 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">es ar<span class=\"_ _4\"></span>e elimi<span class=\"_ _4\"></span>nate<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e sa<span class=\"_ _4\"></span>me way a<span class=\"_ _4\"></span>s unre<span class=\"_ _4\"></span>alis<span class=\"_ _4\"></span>ed gai<span class=\"_ _4\"></span>ns, b<span class=\"_ _4\"></span>ut onl<span class=\"_ _4\"></span>y to th<span class=\"_ _4\"></span>e ex<span class=\"_ _4\"></span>ten<span class=\"_ _4\"></span>t that t<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>e is no ev<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>nce of i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>ir<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 96px; height: 235px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 96px; height: 326px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag461": {
   "value": "\n<div class=\"t m166 x1 hb y65 ff1 fs9 fc2 sc0 ls1c ws23\" style=\"z-index: 15;\">A <span class=\"ff2 ls35 ws2c\">joint venture</span><span class=\"wsb\"> is an ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt in w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h the G<span class=\"_ _4\"></span>roup h<span class=\"_ _4\"></span>as joi<span class=\"_ _4\"></span>nt con<span class=\"_ _4\"></span>tro<span class=\"_ _4\"></span>l, wher<span class=\"_ _4\"></span>eby t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up ha<span class=\"_ _4\"></span>s rig<span class=\"_ _4\"></span>ht<span class=\"_ _4\"></span>s to th<span class=\"_ _4\"></span>e net </span></div>\n<div class=\"t m8 x1 hb y79 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>f the a<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent, r<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>han r<span class=\"_ _4\"></span>igh<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s to it<span class=\"_ _4\"></span>s as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s and o<span class=\"_ _4\"></span>blig<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns for i<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es.</div>\n<div class=\"t m167 x1 hb y66 ff1 fs9 fc2 sc0 ls11 wsc\" style=\"z-index: 15;\">Inves<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts i<span class=\"_ _4\"></span>n as<span class=\"_ _4\"></span>so<span class=\"_ _4\"></span>ciate<span class=\"_ _4\"></span>s and j<span class=\"_ _4\"></span>oint ve<span class=\"_ _4\"></span>ntu<span class=\"_ _4\"></span>res ar<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d for u<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>g the e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y met<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>d and a<span class=\"_ _4\"></span>re rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d init<span class=\"_ _4\"></span>ially a<span class=\"_ _4\"></span>t</div>\n<div class=\"t m168 x1 hb y67 ff1 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">cos<span class=\"_ _4\"></span>t. T<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t of the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>des t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on co<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>. Sub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>nt to ini<span class=\"_ _4\"></span>tial r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnit<span class=\"_ _4\"></span>ion, th<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span>soli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>n<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m169 x1 hb y68 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>ncl<span class=\"_ _4\"></span>ude t<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup\u2019<span class=\"_ _1\"></span>s s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>e of the p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>t or los<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd OCI of e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s, fr<span class=\"_ _4\"></span>om th<span class=\"_ _4\"></span>e date</div>\n<div class=\"t m16a x1 hb y69 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">tha<span class=\"_ _4\"></span>t sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>ant i<span class=\"_ _4\"></span>n\ufb02ue<span class=\"_ _4\"></span>nce o<span class=\"_ _4\"></span>r joint c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rol c<span class=\"_ _4\"></span>omm<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>es unt<span class=\"_ _4\"></span>il th<span class=\"_ _4\"></span>e date t<span class=\"_ _4\"></span>hat s<span class=\"_ _4\"></span>igni<span class=\"_ _4\"></span>\ufb01ca<span class=\"_ _4\"></span>nt in\ufb02<span class=\"_ _4\"></span>uen<span class=\"_ _4\"></span>ce or jo<span class=\"_ _4\"></span>int co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ol cea<span class=\"_ _4\"></span>ses<span class=\"_ _4\"></span>.</div>\n<div class=\"t m16b x1 hb y6a ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he sh<span class=\"_ _4\"></span>are of t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up in t<span class=\"_ _4\"></span>he lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es exc<span class=\"_ _4\"></span>eed<span class=\"_ _4\"></span>s it<span class=\"_ _4\"></span>s in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>st i<span class=\"_ _4\"></span>n an e<span class=\"_ _4\"></span>quit<span class=\"_ _7\"></span>y acco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>e, the c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>yi<span class=\"_ _4\"></span>ng am<span class=\"_ _4\"></span>ount of<span class=\"_ _4\"></span> </div>\n<div class=\"t m16c x1 hb y7b ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">tha<span class=\"_ _4\"></span>t inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t is re<span class=\"_ _4\"></span>duc<span class=\"_ _4\"></span>ed to ze<span class=\"_ _4\"></span>ro, and t<span class=\"_ _4\"></span>he rec<span class=\"_ _4\"></span>og<span class=\"_ _4\"></span>nitio<span class=\"_ _4\"></span>n of fu<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>re los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es is di<span class=\"_ _4\"></span>sco<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>nue<span class=\"_ _4\"></span>d, except t<span class=\"_ _4\"></span>o the ex<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ent t<span class=\"_ _4\"></span>hat th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p</div>\n<div class=\"t m16d x1 hb y6b ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">has a<span class=\"_ _4\"></span>n obli<span class=\"_ _4\"></span>gati<span class=\"_ _4\"></span>on or ha<span class=\"_ _4\"></span>s mad<span class=\"_ _4\"></span>e pay<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts o<span class=\"_ _4\"></span>n be<span class=\"_ _4\"></span>half o<span class=\"_ _4\"></span>f the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee. In s<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>h ca<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>he neg<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ve inves<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ment i<span class=\"_ _4\"></span>n eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m16e x1 hb y6c ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s is de<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m othe<span class=\"_ _4\"></span>r com<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>nen<span class=\"_ _4\"></span>ts o<span class=\"_ _4\"></span>f the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>\u2019s intere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t in th<span class=\"_ _4\"></span>e eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee (<span class=\"_ _4\"></span>bo<span class=\"_ _4\"></span>r<span class=\"_ _3\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m16f x1 hb y6d ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s to eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>ccou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es). If the n<span class=\"_ _4\"></span>ega<span class=\"_ _4\"></span>tive i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent in e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s exce<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>s the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>\u2019s</div>\n<div class=\"t m170 x1 hb y6e ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t, a li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d for t<span class=\"_ _4\"></span>he ne<span class=\"_ _4\"></span>t amo<span class=\"_ _4\"></span>unt. U<span class=\"_ _4\"></span>nrea<span class=\"_ _4\"></span>lise<span class=\"_ _4\"></span>d gai<span class=\"_ _4\"></span>ns ar<span class=\"_ _4\"></span>isi<span class=\"_ _4\"></span>ng f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ons w<span class=\"_ _4\"></span>ith e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted</div>\n<div class=\"t m171 x1 hb y6f ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e elimi<span class=\"_ _4\"></span>nate<span class=\"_ _4\"></span>d agai<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>t the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent to t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up<span class=\"_ _3\"></span>\u2019<span class=\"_ _3\"></span>s inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t in t<span class=\"_ _4\"></span>he inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ee. Unr<span class=\"_ _4\"></span>ealis<span class=\"_ _4\"></span>ed lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m16d x1 hb y70 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">es ar<span class=\"_ _4\"></span>e elimi<span class=\"_ _4\"></span>nate<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e sa<span class=\"_ _4\"></span>me way a<span class=\"_ _4\"></span>s unre<span class=\"_ _4\"></span>alis<span class=\"_ _4\"></span>ed gai<span class=\"_ _4\"></span>ns, b<span class=\"_ _4\"></span>ut onl<span class=\"_ _4\"></span>y to th<span class=\"_ _4\"></span>e ex<span class=\"_ _4\"></span>ten<span class=\"_ _4\"></span>t that t<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>e is no ev<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>nce of i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>ir<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 96px; height: 235px; width: 88%; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag462": {
   "value": "\n<div><br/></div>\n<div class=\"t m0 xe h13 y42 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">B. <span class=\"_ _b9\"> </span><span class=\"ls48 ws4c\">FOREIGN C<span class=\"_ _1\"></span>UR<span class=\"_ _4\"></span>RENCY</span></div>\n\n<div class=\"t m0 xe h6 y1ba ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Functional cur<span class=\"_ _4\"></span>renc<span class=\"_ _4\"></span>y</div>\n<div class=\"t m172 xe hb y80 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Eac<span class=\"_ _4\"></span>h ent<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y p<span class=\"_ _4\"></span>rep<span class=\"_ _4\"></span>are<span class=\"_ _4\"></span>s it<span class=\"_ _4\"></span>s ind<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>dua<span class=\"_ _4\"></span>l \ufb01nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>n the c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y of th<span class=\"_ _4\"></span>e pr<span class=\"_ _4\"></span>ima<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y ec<span class=\"_ _4\"></span>ono<span class=\"_ _4\"></span>mic env<span class=\"_ _4\"></span>iro<span class=\"_ _4\"></span>nme<span class=\"_ _4\"></span>nt in</div>\n<div class=\"t m173 xe hb y81 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">whi<span class=\"_ _4\"></span>ch t<span class=\"_ _4\"></span>he ent<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s (i.e. the f<span class=\"_ _4\"></span>unc<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>nal cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y). Sever<span class=\"_ _4\"></span>al Eu<span class=\"_ _4\"></span>rop<span class=\"_ _4\"></span>ean an<span class=\"_ _4\"></span>d Ho<span class=\"_ _4\"></span>ng Kong b<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d ent<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s have th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y82 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD as f<span class=\"_ _4\"></span>unc<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>nal c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>renc<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>s the m<span class=\"_ _4\"></span>ajor<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y of t<span class=\"_ _4\"></span>hei<span class=\"_ _4\"></span>r ca<span class=\"_ _4\"></span>sh \ufb02o<span class=\"_ _4\"></span>ws ar<span class=\"_ _4\"></span>e exp<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ed in U<span class=\"_ _4\"></span>SD<span class=\"_ _3\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 1020px; height: 78px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 xe h6 y1bb ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ransac<span class=\"_ _4\"></span>tions and<span class=\"_ _3\"></span> balances</div>\n<div class=\"t m174 xe hb y86 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">In pr<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>ari<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e ind<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>dual \ufb01<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s, t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ons i<span class=\"_ _4\"></span>n cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>es ot<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>han t<span class=\"_ _4\"></span>he en<span class=\"_ _4\"></span>titi<span class=\"_ _4\"></span>es\u2019 f<span class=\"_ _4\"></span>unc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>al cu<span class=\"_ _4\"></span>r<span class=\"_ _3\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y87 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ren<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>y are re<span class=\"_ _4\"></span>cor<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d at the e<span class=\"_ _4\"></span>xcha<span class=\"_ _4\"></span>nge r<span class=\"_ _4\"></span>ate a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>lic<span class=\"_ _4\"></span>able a<span class=\"_ _4\"></span>t the d<span class=\"_ _4\"></span>ate of t<span class=\"_ _4\"></span>he tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>sac<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n.</div>\n<div class=\"t m131 xe hb y8c ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">At th<span class=\"_ _4\"></span>e rep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing d<span class=\"_ _4\"></span>ate, monet<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>y as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>nd lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>ies d<span class=\"_ _4\"></span>eno<span class=\"_ _4\"></span>minat<span class=\"_ _4\"></span>ed in fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>es are t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nsl<span class=\"_ _4\"></span>ated to t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>unc<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m175 xe hb y88 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">tio<span class=\"_ _4\"></span>nal cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>pot exc<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ge r<span class=\"_ _4\"></span>ates a<span class=\"_ _4\"></span>t that d<span class=\"_ _4\"></span>ate. The n<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>-m<span class=\"_ _4\"></span>one<span class=\"_ _4\"></span>tar<span class=\"_ _7\"></span>y as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s and lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>ies t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d in ter<span class=\"_ _4\"></span>ms<span class=\"_ _4\"></span> </div>\n<div class=\"t m176 xe hb y89 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">of his<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>al co<span class=\"_ _4\"></span>st a<span class=\"_ _4\"></span>re tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>slate<span class=\"_ _4\"></span>d to t<span class=\"_ _4\"></span>he fu<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ional c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y at th<span class=\"_ _4\"></span>e exch<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>e rat<span class=\"_ _4\"></span>e at the d<span class=\"_ _4\"></span>ate of t<span class=\"_ _4\"></span>he ini<span class=\"_ _4\"></span>tial t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nsa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns.</div>\n<div class=\"t m177 xe hb y8a ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Non<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>mon<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y i<span class=\"_ _4\"></span>tems t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue in a fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y are t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d usin<span class=\"_ _4\"></span>g the e<span class=\"_ _4\"></span>xcha<span class=\"_ _4\"></span>nge r<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb yd8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">at th<span class=\"_ _4\"></span>e date t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue w<span class=\"_ _4\"></span>as det<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>mine<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m178 xe hb y8b ff1 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">Fore<span class=\"_ _4\"></span>ign exc<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ge dif<span class=\"_ _7\"></span>fer<span class=\"_ _4\"></span>ence<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>isi<span class=\"_ _4\"></span>ng on t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nsla<span class=\"_ _4\"></span>tion a<span class=\"_ _4\"></span>re re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he pr<span class=\"_ _4\"></span>o\ufb01t or lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t, excep<span class=\"_ _4\"></span>t for (<span class=\"_ _4\"></span>i) qu<span class=\"_ _4\"></span>ali<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m179 xe hb y4a ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">\ufb01ed c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow h<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ges t<span class=\"_ _4\"></span>o the ex<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ent t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he he<span class=\"_ _4\"></span>dge<span class=\"_ _4\"></span>s are e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>tive, an<span class=\"_ _4\"></span>d (ii) m<span class=\"_ _4\"></span>one<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y it<span class=\"_ _4\"></span>ems t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e des<span class=\"_ _4\"></span>ign<span class=\"_ _4\"></span>ated a<span class=\"_ _4\"></span>s par<span class=\"_ _7\"></span>t</div>\n<div class=\"t m17a xe hb y4b ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e hed<span class=\"_ _4\"></span>ge of t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up\u2019<span class=\"_ _1\"></span>s net i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent in\u2005<span class=\"_ _4\"></span>a forei<span class=\"_ _4\"></span>gn op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on, whic<span class=\"_ _4\"></span>h are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n othe<span class=\"_ _4\"></span>r com<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>hen<span class=\"_ _4\"></span>sive</div>\n<div class=\"t m8 xe hb y4c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">inc<span class=\"_ _4\"></span>ome. Up<span class=\"_ _4\"></span>on d<span class=\"_ _4\"></span>isp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>al of t<span class=\"_ _4\"></span>he he<span class=\"_ _4\"></span>dge a<span class=\"_ _4\"></span>nd or n<span class=\"_ _4\"></span>et inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt, th<span class=\"_ _4\"></span>e cum<span class=\"_ _4\"></span>ulat<span class=\"_ _4\"></span>ive am<span class=\"_ _4\"></span>ount i<span class=\"_ _4\"></span>s rec<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si\ufb01<span class=\"_ _4\"></span>ed to p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m0 xe h6 y1bc ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Consolidation of f<span class=\"_ _3\"></span>oreign operations</div>\n<div class=\"t m17b xe hb y4f ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">On c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>olid<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n, ass<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es of fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns, inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ing g<span class=\"_ _4\"></span>ood<span class=\"_ _4\"></span>will a<span class=\"_ _4\"></span>nd f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>ris<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y50 ff1 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">ing o<span class=\"_ _4\"></span>n acq<span class=\"_ _4\"></span>uis<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n, are tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>slat<span class=\"_ _4\"></span>ed to USD \u2013 t<span class=\"_ _4\"></span>he g<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p rep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>y - usi<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e clo<span class=\"_ _4\"></span>sing r<span class=\"_ _4\"></span>ate a<span class=\"_ _4\"></span>t rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g date.</div>\n<div class=\"t m17c xe hb y51 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e inco<span class=\"_ _4\"></span>me an<span class=\"_ _4\"></span>d ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>s of th<span class=\"_ _4\"></span>e fore<span class=\"_ _4\"></span>ign o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s are co<span class=\"_ _4\"></span>nver<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed to US<span class=\"_ _4\"></span>D at th<span class=\"_ _4\"></span>e excha<span class=\"_ _4\"></span>nge r<span class=\"_ _4\"></span>ate a<span class=\"_ _4\"></span>t the d<span class=\"_ _4\"></span>ate of t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m17d xe hb y52 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion (t<span class=\"_ _4\"></span>he aver<span class=\"_ _4\"></span>ag<span class=\"_ _4\"></span>e exch<span class=\"_ _4\"></span>ange r<span class=\"_ _4\"></span>ate d<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>leva<span class=\"_ _4\"></span>nt per<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>d is us<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n ca<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>he date o<span class=\"_ _4\"></span>f tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion ap<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>ox<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y53 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">imat<span class=\"_ _4\"></span>es th<span class=\"_ _4\"></span>is aver<span class=\"_ _4\"></span>age r<span class=\"_ _4\"></span>ate).</div>\n<div class=\"t m17e xe hb y54 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Fore<span class=\"_ _4\"></span>ign c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>y tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>lati<span class=\"_ _4\"></span>on di<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>renc<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e rec<span class=\"_ _4\"></span>ogni<span class=\"_ _4\"></span>zed d<span class=\"_ _4\"></span>irec<span class=\"_ _7\"></span>tly i<span class=\"_ _4\"></span>n othe<span class=\"_ _4\"></span>r com<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>ve inco<span class=\"_ _4\"></span>me. Th<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>e fore<span class=\"_ _4\"></span>ign c<span class=\"_ _4\"></span>ur<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m17f xe hb y73 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">ren<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>y dif<span class=\"_ _7\"></span>fere<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>s are p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>ed wi<span class=\"_ _4\"></span>thi<span class=\"_ _4\"></span>n the \u201c<span class=\"_ _4\"></span>T<span class=\"_ _1\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>latio<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>ve\u201d ca<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n. Howe<span class=\"_ _4\"></span>ver<span class=\"_ _1\"></span>, if t<span class=\"_ _4\"></span>he o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ion i<span class=\"_ _4\"></span>s a non<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>who<span class=\"_ _4\"></span>lly</div>\n<div class=\"t m180 xe hb y55 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">ow<span class=\"_ _4\"></span>ned s<span class=\"_ _4\"></span>ubs<span class=\"_ _4\"></span>idia<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>, the<span class=\"_ _4\"></span>n the r<span class=\"_ _4\"></span>elev<span class=\"_ _4\"></span>ant pr<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>iona<span class=\"_ _4\"></span>te sha<span class=\"_ _4\"></span>re of t<span class=\"_ _4\"></span>he tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>lati<span class=\"_ _4\"></span>on di<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>e is allo<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>ted to t<span class=\"_ _4\"></span>he no<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>n<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y56 ff1 fs9 fc2 sc0 ls28 ws1a\" style=\"z-index: 15;\">trolling in<span class=\"_ _3\"></span>terest<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m181 xe hb y57 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en a fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n is di<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>ed of, the c<span class=\"_ _4\"></span>umu<span class=\"_ _4\"></span>lati<span class=\"_ _4\"></span>ve amo<span class=\"_ _4\"></span>unt i<span class=\"_ _4\"></span>n the t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nsl<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>ve rel<span class=\"_ _4\"></span>ated t<span class=\"_ _4\"></span>o that f<span class=\"_ _4\"></span>orei<span class=\"_ _4\"></span>gn</div>\n<div class=\"t m182 xe hb y58 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n is re<span class=\"_ _4\"></span>clas<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>i\ufb01e<span class=\"_ _4\"></span>d to pro\ufb01<span class=\"_ _4\"></span>t and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s as pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>he ga<span class=\"_ _4\"></span>in or lo<span class=\"_ _4\"></span>ss o<span class=\"_ _4\"></span>n dis<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sa<span class=\"_ _4\"></span>l. Whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p dis<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s of only</div>\n<div class=\"t m8 xe hb y59 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">par<span class=\"_ _7\"></span>t of it<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t in a su<span class=\"_ _4\"></span>bsi<span class=\"_ _4\"></span>diar<span class=\"_ _7\"></span>y th<span class=\"_ _4\"></span>at inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>es a fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n whil<span class=\"_ _4\"></span>e ret<span class=\"_ _4\"></span>aini<span class=\"_ _4\"></span>ng con<span class=\"_ _4\"></span>tro<span class=\"_ _4\"></span>l, the rel<span class=\"_ _4\"></span>evan<span class=\"_ _4\"></span>t pro<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n</div>\n<div class=\"t m183 xe hb y5a ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e cum<span class=\"_ _4\"></span>ulat<span class=\"_ _4\"></span>ive am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>t is reat<span class=\"_ _7\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>ted t<span class=\"_ _4\"></span>o non<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>con<span class=\"_ _4\"></span>tro<span class=\"_ _4\"></span>lling in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ts<span class=\"_ _4\"></span>. Wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up di<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>es of on<span class=\"_ _4\"></span>ly pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t of it<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb y5b ff1 fs9 fc2 sc0 ls2 ws1c\" style=\"z-index: 15;\">inves<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t in an as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ocia<span class=\"_ _4\"></span>te or jo<span class=\"_ _4\"></span>int ven<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e that i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>s a fore<span class=\"_ _4\"></span>ign o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion w<span class=\"_ _4\"></span>hile re<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ining s<span class=\"_ _4\"></span>igni<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>ant in<span class=\"_ _4\"></span>\ufb02uen<span class=\"_ _4\"></span>ce or</div>\n<div class=\"t m8 xe hb y1bd ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">join<span class=\"_ _4\"></span>t cont<span class=\"_ _4\"></span>rol, th<span class=\"_ _4\"></span>e rele<span class=\"_ _4\"></span>vant p<span class=\"_ _4\"></span>rop<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of th<span class=\"_ _4\"></span>e cu<span class=\"_ _4\"></span>mulat<span class=\"_ _4\"></span>ive am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>t is rec<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed to p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>t and lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m8 xe hb y1be ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e main exc<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ge r<span class=\"_ _4\"></span>ates u<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d are:</div>\n<div class=\"t m8 x4 hd y1bf ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Closing rates<span class=\"_ _ba\"> </span>Average rates</div>\n<div class=\"t m8 xe hd y1c0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXCHANGE RA<span class=\"_ _1\"></span>TES<span class=\"_ _bb\"> </span>December 31, 2022<span class=\"_ _bc\"> </span>December 31, 2021<span class=\"_ _bd\"> </span>2022<span class=\"_ _76\"> </span>2021</div>\n<div class=\"t m8 xe hc y1c1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EUR<span class=\"_ _be\"> </span>0.9376<span class=\"_ _bf\"> </span>0.8829<span class=\"_ _b4\"> </span>0.9474<span class=\"_ _bf\"> </span>0.8407</div>\n<div class=\"t m8 xe hc y1c2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">GBP<span class=\"_ _91\"> </span>0.8315<span class=\"_ _bf\"> </span>0.7419<span class=\"_ _b4\"> </span>0.8062<span class=\"_ _bf\"> </span>0.7258</div>\n<div class=\"t m8 xe hc y1c3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">HKD<span class=\"_ _c0\"> </span>7.7970<span class=\"_ _bf\"> </span>7.7992<span class=\"_ _b4\"> </span>7.8309<span class=\"_ _bf\"> </span>7.7704</div>\n<div class=\"t m8 xe hc y1c4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">NOK<span class=\"_ _c1\"> </span>9.8573<span class=\"_ _bf\"> </span>8.8194<span class=\"_ _b4\"> </span>9.5392<span class=\"_ _bf\"> </span>8.5788</div>\n<div class=\"t m8 xe hc y1c5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">XAF<span class=\"_ _c2\"> </span>615.0062<span class=\"_ _c3\"> </span>579.0388<span class=\"_ _c4\"> </span>621.5040<span class=\"_ _c3\"> </span>551.5720</div>\n<div class=\"t m8 xe hc y1c6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ARS<span class=\"_ _c2\"> </span>177.1165<span class=\"_ _c3\"> </span>102.7327<span class=\"_ _c4\"> </span>126.5182<span class=\"_ _c5\"> </span>94.1620</div>\n<div class=\"t m8 xe hc y1c7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">KRW<span class=\"_ _c6\"> </span>1,259.4458<span class=\"_ _52\"> </span>1,189.0606<span class=\"_ _bf\"> </span>1,283.6970<span class=\"_ _52\"> </span>1,137.6564</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 290px; height: 849px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag483": {
   "value": "\n<div class=\"t m0 xe h6 y1ba ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Functional cur<span class=\"_ _4\"></span>renc<span class=\"_ _4\"></span>y</div>\n<div class=\"t m172 xe hb y80 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Eac<span class=\"_ _4\"></span>h ent<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y p<span class=\"_ _4\"></span>rep<span class=\"_ _4\"></span>are<span class=\"_ _4\"></span>s it<span class=\"_ _4\"></span>s ind<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>dua<span class=\"_ _4\"></span>l \ufb01nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>n the c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y of th<span class=\"_ _4\"></span>e pr<span class=\"_ _4\"></span>ima<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y ec<span class=\"_ _4\"></span>ono<span class=\"_ _4\"></span>mic env<span class=\"_ _4\"></span>iro<span class=\"_ _4\"></span>nme<span class=\"_ _4\"></span>nt in</div>\n<div class=\"t m173 xe hb y81 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">whi<span class=\"_ _4\"></span>ch t<span class=\"_ _4\"></span>he ent<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s (i.e. the f<span class=\"_ _4\"></span>unc<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>nal cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y). Sever<span class=\"_ _4\"></span>al Eu<span class=\"_ _4\"></span>rop<span class=\"_ _4\"></span>ean an<span class=\"_ _4\"></span>d Ho<span class=\"_ _4\"></span>ng Kong b<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d ent<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s have th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y82 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD as f<span class=\"_ _4\"></span>unc<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>nal c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>renc<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>s the m<span class=\"_ _4\"></span>ajor<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y of t<span class=\"_ _4\"></span>hei<span class=\"_ _4\"></span>r ca<span class=\"_ _4\"></span>sh \ufb02o<span class=\"_ _4\"></span>ws ar<span class=\"_ _4\"></span>e exp<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ed in U<span class=\"_ _4\"></span>SD<span class=\"_ _3\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 1020px; height: 78px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag478": {
   "value": "\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x1 h13 y42 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">C. <span class=\"_ _c7\"> </span>FINAN<span class=\"_ _4\"></span>CIAL INS<span class=\"_ _4\"></span>TRUMENTS</div>\n<div class=\"t m184 x1 hb y7f ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">Fina<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd \ufb01na<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of \ufb01na<span class=\"_ _4\"></span>ncial p<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up</div>\n<div class=\"t m8 x1 hb y43 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">be<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>es a pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y to t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>tual p<span class=\"_ _4\"></span>rovi<span class=\"_ _4\"></span>sio<span class=\"_ _4\"></span>ns of t<span class=\"_ _4\"></span>he ins<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t.</div>\n<div class=\"t m8 x1 hb y1c8 ff1 fs9 fc2 sc0 ls2 ws12\" style=\"z-index: 15;\">Fina<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es are i<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>ally me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>red a<span class=\"_ _4\"></span>t fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e. T<span class=\"_ _1\"></span>ran<span class=\"_ _4\"></span>sa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s th<span class=\"_ _4\"></span>at are d<span class=\"_ _4\"></span>irec<span class=\"_ _7\"></span>tly at<span class=\"_ _7\"></span>tr<span class=\"_ _4\"></span>ib</div>\n<div class=\"t m8 x14 hb y80 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y81 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">ut<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e to th<span class=\"_ _4\"></span>e acq<span class=\"_ _4\"></span>uisi<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n or is<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>e of \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l liabi<span class=\"_ _4\"></span>litie<span class=\"_ _4\"></span>s (othe<span class=\"_ _4\"></span>r tha<span class=\"_ _4\"></span>n \ufb01na<span class=\"_ _4\"></span>ncial a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>ncial</div>\n<div class=\"t m8 x1 hb y1c9 ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es at f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue t<span class=\"_ _4\"></span>hro<span class=\"_ _4\"></span>ugh p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s) are a<span class=\"_ _4\"></span>dd<span class=\"_ _4\"></span>ed to o<span class=\"_ _4\"></span>r ded<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue of t<span class=\"_ _4\"></span>he \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s or</div>\n<div class=\"t m185 x1 hb y83 ff1 fs9 fc2 sc0 ls28 ws2e\" style=\"z-index: 15;\">\ufb01nancial<span class=\"_ _3\"></span> liabil<span class=\"_ _3\"></span>ities,<span class=\"_ _3\"></span> as appropriate<span class=\"_ _3\"></span>, on in<span class=\"_ _3\"></span>itial<span class=\"_ _3\"></span> recognition.<span class=\"_ _3\"></span> T<span class=\"_ _1\"></span>ransac<span class=\"_ _4\"></span>tion cost<span class=\"_ _4\"></span>s directly att<span class=\"_ _4\"></span>ributable to the acquisition<span class=\"_ _3\"></span> of</div>\n<div class=\"t m186 x1 hb y84 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">\ufb01na<span class=\"_ _4\"></span>ncial a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s or \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es at f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue th<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>gh pr<span class=\"_ _4\"></span>o\ufb01t or lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d imm<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>iately i<span class=\"_ _4\"></span>n pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>.</div>\n\n<div><br/></div>\n<div class=\"t m0 x1 h6 y1ca ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Financial assets</div>\n<div class=\"t m8 x1 hb y8c ff1 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">All r<span class=\"_ _4\"></span>egu<span class=\"_ _4\"></span>lar way p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>es or s<span class=\"_ _4\"></span>ale<span class=\"_ _4\"></span>s of \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d and d<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n a tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>e date b<span class=\"_ _4\"></span>asi<span class=\"_ _4\"></span>s. Reg<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y88 ff1 fs9 fc2 sc0 ls2 ws3a\" style=\"z-index: 15;\">ular w<span class=\"_ _4\"></span>ay pur<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>ses o<span class=\"_ _4\"></span>r sa<span class=\"_ _4\"></span>les ar<span class=\"_ _4\"></span>e pur<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>ses o<span class=\"_ _4\"></span>r sa<span class=\"_ _4\"></span>les of \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s that r<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uire d<span class=\"_ _4\"></span>elive<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y of a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s wi<span class=\"_ _4\"></span>thi<span class=\"_ _4\"></span>n the t<span class=\"_ _4\"></span>ime</div>\n<div class=\"t m8 x1 hb y1cb ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">fr<span class=\"_ _4\"></span>am<span class=\"_ _4\"></span>e es<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>bli<span class=\"_ _4\"></span>she<span class=\"_ _4\"></span>d by re<span class=\"_ _4\"></span>gulat<span class=\"_ _4\"></span>ion o<span class=\"_ _4\"></span>r conve<span class=\"_ _4\"></span>ntio<span class=\"_ _4\"></span>n in t<span class=\"_ _4\"></span>he mar<span class=\"_ _4\"></span>ket<span class=\"_ _4\"></span>plac<span class=\"_ _4\"></span>e.</div>\n<div class=\"t m8 x1 hb y1cc ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">De<span class=\"_ _4\"></span>bt ins<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts t<span class=\"_ _4\"></span>hat m<span class=\"_ _4\"></span>eet t<span class=\"_ _4\"></span>he fol<span class=\"_ _4\"></span>lowi<span class=\"_ _4\"></span>ng co<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>tion<span class=\"_ _4\"></span>s are me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>red s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>ntly a<span class=\"_ _4\"></span>t amo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d cos<span class=\"_ _4\"></span>t (se<span class=\"_ _4\"></span>e (i<span class=\"_ _4\"></span>) bel<span class=\"_ _4\"></span>ow):</div>\n<div class=\"t m8 x1 hb y1cd ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span><span class=\"ws2d\">Th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et is he<span class=\"_ _4\"></span>ld wi<span class=\"_ _4\"></span>thi<span class=\"_ _4\"></span>n a bus<span class=\"_ _4\"></span>ine<span class=\"_ _4\"></span>ss m<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>el wh<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>e obje<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve is to ho<span class=\"_ _4\"></span>ld \ufb01na<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>n ord<span class=\"_ _4\"></span>er to co<span class=\"_ _4\"></span>llec<span class=\"_ _7\"></span>t </span></div>\n<div class=\"t m8 x3b hb y1ce ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ual c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ows; a<span class=\"_ _4\"></span>nd</div>\n<div class=\"t m8 x1 hb y1cf ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m187 x3b hb y4a ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">The c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tua<span class=\"_ _4\"></span>l ter<span class=\"_ _4\"></span>ms of t<span class=\"_ _4\"></span>he \ufb01na<span class=\"_ _4\"></span>ncial a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et gi<span class=\"_ _4\"></span>ve ris<span class=\"_ _4\"></span>e on s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ci\ufb01e<span class=\"_ _4\"></span>d dat<span class=\"_ _4\"></span>es to c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ows t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e sol<span class=\"_ _4\"></span>ely p<span class=\"_ _4\"></span>ayme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x3b hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of pr<span class=\"_ _4\"></span>inc<span class=\"_ _4\"></span>ipa<span class=\"_ _4\"></span>l and i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t on th<span class=\"_ _4\"></span>e pr<span class=\"_ _4\"></span>inc<span class=\"_ _4\"></span>ipal a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g.</div>\n<div class=\"t m188 x1 hb y4c ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">De<span class=\"_ _4\"></span>bt ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>hat me<span class=\"_ _4\"></span>et th<span class=\"_ _4\"></span>e follo<span class=\"_ _4\"></span>wing c<span class=\"_ _4\"></span>ond<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>ons ar<span class=\"_ _4\"></span>e meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d su<span class=\"_ _4\"></span>bse<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>entl<span class=\"_ _4\"></span>y at fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>e thr<span class=\"_ _4\"></span>oug<span class=\"_ _4\"></span>h othe<span class=\"_ _4\"></span>r com<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y4d ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">prehensive income (F<span class=\"_ _4\"></span>V<span class=\"_ _4\"></span>TOC<span class=\"_ _3\"></span>I) (see (ii) below)<span class=\"_ _1\"></span>:</div>\n<div class=\"t m8 x1 hb y1a5 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m189 x3b hb y4e ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">The \ufb01<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et is he<span class=\"_ _4\"></span>ld wi<span class=\"_ _4\"></span>thin a b<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>ines<span class=\"_ _4\"></span>s mo<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>l who<span class=\"_ _4\"></span>se o<span class=\"_ _4\"></span>bjec<span class=\"_ _7\"></span>tive i<span class=\"_ _4\"></span>s achi<span class=\"_ _4\"></span>eved by b<span class=\"_ _4\"></span>oth c<span class=\"_ _4\"></span>olle<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ting c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tua<span class=\"_ _4\"></span>l</div>\n<div class=\"t m8 x3b hb y72 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ca<span class=\"_ _4\"></span>sh \ufb02<span class=\"_ _4\"></span>ows a<span class=\"_ _4\"></span>nd se<span class=\"_ _4\"></span>lling t<span class=\"_ _4\"></span>he \ufb01n<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts; a<span class=\"_ _4\"></span>nd</div>\n<div class=\"t m8 x1 hb y1d0 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m187 x3b hb y4f ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">The c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tua<span class=\"_ _4\"></span>l ter<span class=\"_ _4\"></span>ms of t<span class=\"_ _4\"></span>he \ufb01na<span class=\"_ _4\"></span>ncial a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et gi<span class=\"_ _4\"></span>ve ris<span class=\"_ _4\"></span>e on s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ci\ufb01e<span class=\"_ _4\"></span>d dat<span class=\"_ _4\"></span>es to c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ows t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e sol<span class=\"_ _4\"></span>ely p<span class=\"_ _4\"></span>ayme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x3b hb y50 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of pr<span class=\"_ _4\"></span>inc<span class=\"_ _4\"></span>ipa<span class=\"_ _4\"></span>l and i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t on th<span class=\"_ _4\"></span>e pr<span class=\"_ _4\"></span>inc<span class=\"_ _4\"></span>ipal a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g.</div>\n<div class=\"t m8 x1 hb y1d1 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">By de<span class=\"_ _4\"></span>fau<span class=\"_ _4\"></span>lt, all ot<span class=\"_ _4\"></span>her \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s are m<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>red s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>ntl<span class=\"_ _4\"></span>y at fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e thr<span class=\"_ _4\"></span>oug<span class=\"_ _4\"></span>h pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss (<span class=\"_ _4\"></span>F<span class=\"_ _4\"></span>V<span class=\"_ _4\"></span>TPL<span class=\"_ _4\"></span>).</div>\n<div class=\"t m18a x1 hb y52 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">Des<span class=\"_ _4\"></span>pi<span class=\"_ _4\"></span>te th<span class=\"_ _4\"></span>e fore<span class=\"_ _4\"></span>goin<span class=\"_ _4\"></span>g, the G<span class=\"_ _4\"></span>roup m<span class=\"_ _4\"></span>ay make th<span class=\"_ _4\"></span>e follo<span class=\"_ _4\"></span>wing i<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>evoc<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e ele<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n/desig<span class=\"_ _4\"></span>nati<span class=\"_ _4\"></span>on at ini<span class=\"_ _4\"></span>tial r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnit<span class=\"_ _4\"></span>ion of</div>\n<div class=\"t m8 x1 hb y53 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">a \ufb01nanci<span class=\"_ _3\"></span>al asset:</div>\n<div class=\"t m8 x1 hb y1d2 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m18b x3b hb y54 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p may ir<span class=\"_ _4\"></span>revo<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>bly e<span class=\"_ _4\"></span>lec<span class=\"_ _7\"></span>t to pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nt su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uent c<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>s in fa<span class=\"_ _4\"></span>ir val<span class=\"_ _4\"></span>ue of an e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt in ot<span class=\"_ _4\"></span>her</div>\n<div class=\"t m8 x3b hb y73 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>nsive i<span class=\"_ _4\"></span>nco<span class=\"_ _4\"></span>me if c<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain c<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>iter<span class=\"_ _4\"></span>ia ar<span class=\"_ _4\"></span>e met (se<span class=\"_ _4\"></span>e (iii<span class=\"_ _4\"></span>) be<span class=\"_ _4\"></span>low); and</div>\n<div class=\"t m8 x1 hb y1d3 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m18c x3b hb y55 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">The G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p may ir<span class=\"_ _4\"></span>revoc<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>ly de<span class=\"_ _4\"></span>sig<span class=\"_ _4\"></span>nate a d<span class=\"_ _4\"></span>ebt i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tme<span class=\"_ _4\"></span>nt th<span class=\"_ _4\"></span>at mee<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s the a<span class=\"_ _4\"></span>mor<span class=\"_ _7\"></span>tis<span class=\"_ _4\"></span>ed c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t or F<span class=\"_ _4\"></span>V<span class=\"_ _4\"></span>TOCI c<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>ia as</div>\n<div class=\"t m8 x3b hb y56 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">mea<span class=\"_ _4\"></span>sure<span class=\"_ _4\"></span>d at F<span class=\"_ _4\"></span>V<span class=\"_ _7\"></span>TPL if d<span class=\"_ _4\"></span>oing s<span class=\"_ _4\"></span>o elim<span class=\"_ _4\"></span>inate<span class=\"_ _4\"></span>s or si<span class=\"_ _4\"></span>gni\ufb01<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>ntly r<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>uces a<span class=\"_ _4\"></span>n acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ing mi<span class=\"_ _4\"></span>sma<span class=\"_ _4\"></span>tch (s<span class=\"_ _4\"></span>ee (i<span class=\"_ _4\"></span>v) be<span class=\"_ _4\"></span>low).</div>\n<div class=\"t m18d x1 hb y57 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">All r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s are me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>red s<span class=\"_ _4\"></span>ubs<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>ue<span class=\"_ _4\"></span>ntly i<span class=\"_ _4\"></span>n the<span class=\"_ _4\"></span>ir ent<span class=\"_ _4\"></span>iret<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>t eit<span class=\"_ _4\"></span>her am<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tis<span class=\"_ _4\"></span>ed co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t or f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue,</div>\n<div class=\"t m8 x1 hb y58 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">de<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ndin<span class=\"_ _4\"></span>g on t<span class=\"_ _4\"></span>he cla<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>i\ufb01c<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on of t<span class=\"_ _4\"></span>he \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s:</div>\n<div class=\"t m8 x1 hb y1aa ff1 fs9 fc2 sc0 ls18 wsd\" style=\"z-index: 15;\">(I).<span class=\"_ _3\"></span> </div>\n<div class=\"t m120 x3c hb y59 ff2 fs9 fc2 sc0 ls35 ws17\" style=\"z-index: 15;\">Financial assets at amortised cost<span class=\"_ _4\"></span>s:<span class=\"ff1 ls2 wsd\"> Thes<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>re su<span class=\"_ _4\"></span>bse<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>ly mea<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>ed at a<span class=\"_ _4\"></span>mor<span class=\"_ _7\"></span>tis<span class=\"_ _4\"></span>ed c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s usi<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e </span></div>\n<div class=\"t m8 x3c hb y5a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ef<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>d. Th<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d cos<span class=\"_ _4\"></span>t is r<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>uce<span class=\"_ _4\"></span>d by imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es. I<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t inco<span class=\"_ _4\"></span>me, fore<span class=\"_ _4\"></span>ign ex-</div>\n<div class=\"t m18e x3c hb y5b ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">cha<span class=\"_ _4\"></span>nge g<span class=\"_ _4\"></span>ains a<span class=\"_ _4\"></span>nd los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s. A<span class=\"_ _4\"></span>ny gain o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s on d<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on</div>\n<div class=\"t m8 x3c hb y5c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m8 x1 hb y1d4 ff1 fs9 fc2 sc0 ls18 wsd\" style=\"z-index: 15;\">(II)<span class=\"_ _3\"></span>. <span class=\"_ _c8\"> </span><span class=\"ff2 ls2\">De<span class=\"_ _4\"></span>bt in<span class=\"_ _4\"></span>ves<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s at F<span class=\"_ _4\"></span>V<span class=\"_ _4\"></span>TO<span class=\"_ _4\"></span>CI:<span class=\"ff1\"> T<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s are su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uent<span class=\"_ _4\"></span>ly me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>red at f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue. In<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t inco<span class=\"_ _4\"></span>me is c<span class=\"_ _4\"></span>al</span></span></div>\n<div class=\"t m8 x14 hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m18f x3c hb y5e ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">cul<span class=\"_ _4\"></span>ated u<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>g the e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>tive i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t met<span class=\"_ _4\"></span>hod, fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n exch<span class=\"_ _4\"></span>ange g<span class=\"_ _4\"></span>ains a<span class=\"_ _4\"></span>nd lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es a<span class=\"_ _4\"></span>nd im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>g<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m190 x3c hb y5f ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">nis<span class=\"_ _4\"></span>ed in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s. O<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>her ne<span class=\"_ _4\"></span>t gain<span class=\"_ _4\"></span>s and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d in O<span class=\"_ _4\"></span>CI. On d<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on, gain<span class=\"_ _4\"></span>s and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x3c hb y60 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">acc<span class=\"_ _4\"></span>umu<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d in OCI a<span class=\"_ _4\"></span>re rec<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed to p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>t or los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t m8 x1 hb y74 ff1 fs9 fc2 sc0 ls15 ws12\" style=\"z-index: 15;\">(III).</div>\n<div class=\"t m191 x3c hb y75 ff2 fs9 fc2 sc0 ls2f wsc\" style=\"z-index: 15;\">Equity inv<span class=\"_ _3\"></span>estments at FV<span class=\"_ _4\"></span>TOCI<span class=\"_ _3\"></span>:<span class=\"ff1 ls16 wsb\"> Thes<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e sub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>ntl<span class=\"_ _4\"></span>y meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>e. Divi<span class=\"_ _4\"></span>den<span class=\"_ _4\"></span>ds ar<span class=\"_ _4\"></span>e rec<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></span></div>\n<div class=\"t m192 x3c hb y76 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">og<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d as in<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e in pr<span class=\"_ _4\"></span>o\ufb01t or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s unle<span class=\"_ _4\"></span>ss t<span class=\"_ _4\"></span>he di<span class=\"_ _4\"></span>vid<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>d clea<span class=\"_ _4\"></span>rly r<span class=\"_ _4\"></span>epr<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s a re<span class=\"_ _4\"></span>cover<span class=\"_ _7\"></span>y of pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>he cos<span class=\"_ _4\"></span>t of</div>\n<div class=\"t m8 x3c hb y61 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e inves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>. Ot<span class=\"_ _4\"></span>her n<span class=\"_ _4\"></span>et gai<span class=\"_ _4\"></span>ns an<span class=\"_ _4\"></span>d los<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n OCI an<span class=\"_ _4\"></span>d are n<span class=\"_ _4\"></span>ever re<span class=\"_ _4\"></span>clas<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed t<span class=\"_ _4\"></span>o pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>.</div>\n<div class=\"t m8 x1 hb y1d5 ff1 fs9 fc2 sc0 ls49 ws4d\" style=\"z-index: 15;\">(I<span class=\"_ _4\"></span>V<span class=\"_ _7\"></span>).<span class=\"_ _4\"></span> </div>\n\n<div class=\"t m193 x3c hb y77 ff2 fs9 fc2 sc0 ls11 wsc\" style=\"z-index: 15;\">Fin<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ci<span class=\"_ _4\"></span>al a<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>t F<span class=\"_ _4\"></span>V<span class=\"_ _4\"></span>TPL<span class=\"_ _4\"></span>:<span class=\"ff1 wsd\"> The<span class=\"_ _4\"></span>se a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s are s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>ntl<span class=\"_ _4\"></span>y meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue. Net g<span class=\"_ _4\"></span>ains a<span class=\"_ _4\"></span>nd lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es, i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>d<span class=\"ls2 ws2\">-</span></span></div>\n<div class=\"t m194 x3c hb y63 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">ing a<span class=\"_ _4\"></span>ny inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t or d<span class=\"_ _4\"></span>ivid<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>d inc<span class=\"_ _4\"></span>ome, are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n pro<span class=\"_ _4\"></span>\ufb01t or lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s. How<span class=\"_ _4\"></span>ever<span class=\"_ _1\"></span>, s<span class=\"_ _4\"></span>ee s<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>tive \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial</div>\n<div class=\"t m8 x3c hb y64 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ins<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>nd he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ing fo<span class=\"_ _4\"></span>r der<span class=\"_ _4\"></span>iv<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ves de<span class=\"_ _4\"></span>sig<span class=\"_ _4\"></span>nate<span class=\"_ _4\"></span>d as he<span class=\"_ _4\"></span>dgi<span class=\"_ _4\"></span>ng ins<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 327px; height: 53px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 327px; height: 639px; width: 90%; z-index: 4;\"><br/></div>\n\n\n<div class=\"t m0 x1 h6 y1b3 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Derecognition of \ufb01nancial as<span class=\"_ _4\"></span>sets</div>\n<div class=\"t m195 x1 hb y67 ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p der<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>es a \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al ri<span class=\"_ _4\"></span>ght<span class=\"_ _4\"></span>s to t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ash \ufb02<span class=\"_ _4\"></span>ows f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m the \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t</div>\n<div class=\"t m8 x1 hb y68 ff1 fs9 fc2 sc0 ls2 ws4e\" style=\"z-index: 15;\">ex<span class=\"_ _4\"></span>pire, or it t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>rs t<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>ight<span class=\"_ _4\"></span>s to r<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>ive th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al c<span class=\"_ _4\"></span>ash \ufb02<span class=\"_ _4\"></span>ows i<span class=\"_ _4\"></span>n a tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion i<span class=\"_ _4\"></span>n whic<span class=\"_ _4\"></span>h su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>antia<span class=\"_ _4\"></span>lly all r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks</div>\n<div class=\"t m196 x1 hb y69 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">and r<span class=\"_ _4\"></span>ewa<span class=\"_ _4\"></span>rds of o<span class=\"_ _4\"></span>wne<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ship o<span class=\"_ _4\"></span>f the \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t are t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d or in w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h the G<span class=\"_ _4\"></span>roup n<span class=\"_ _4\"></span>eit<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>s no<span class=\"_ _4\"></span>r ret<span class=\"_ _4\"></span>ains</div>\n<div class=\"t m8 x1 hb y6a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ntial<span class=\"_ _4\"></span>ly all of t<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>isk<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d rewa<span class=\"_ _4\"></span>rd<span class=\"_ _4\"></span>s of own<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>shi<span class=\"_ _4\"></span>p and i<span class=\"_ _4\"></span>t doe<span class=\"_ _4\"></span>s not re<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>in con<span class=\"_ _4\"></span>tro<span class=\"_ _4\"></span>l over th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cial a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 212px; height: 94px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 212px; height: 927px; 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\n<div class=\"t m0 xe h6 y1d6 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Financial liabilities</div>\n<div class=\"t m8 xe hb y7f ff1 fs9 fc2 sc0 ls2 ws4e\" style=\"z-index: 15;\">Fina<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es are c<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed a<span class=\"_ _4\"></span>s meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at am<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d co<span class=\"_ _4\"></span>st o<span class=\"_ _4\"></span>r F<span class=\"_ _4\"></span>V<span class=\"_ _4\"></span>TPL<span class=\"_ _4\"></span>. A \ufb01na<span class=\"_ _4\"></span>ncial li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y is cl<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>si\ufb01<span class=\"_ _4\"></span>ed at F<span class=\"_ _4\"></span>V<span class=\"_ _7\"></span>TPL</div>\n<div class=\"t m197 xe hb y43 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">if it i<span class=\"_ _4\"></span>s clas<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed a<span class=\"_ _4\"></span>s hel<span class=\"_ _4\"></span>d-<span class=\"_ _4\"></span>for-tr<span class=\"_ _4\"></span>adi<span class=\"_ _4\"></span>ng, it is a d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ivat<span class=\"_ _4\"></span>ive or i<span class=\"_ _4\"></span>t is de<span class=\"_ _4\"></span>sig<span class=\"_ _4\"></span>nate<span class=\"_ _4\"></span>d as su<span class=\"_ _4\"></span>ch on i<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>al rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n. Fina<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l liabi<span class=\"_ _4\"></span>l<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m155 xe hb y80 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">iti<span class=\"_ _4\"></span>es at F<span class=\"_ _4\"></span>V<span class=\"_ _7\"></span>TPL are m<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at fa<span class=\"_ _4\"></span>ir val<span class=\"_ _4\"></span>ue an<span class=\"_ _4\"></span>d net ga<span class=\"_ _4\"></span>ins an<span class=\"_ _4\"></span>d los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es, in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g any inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>e, are rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 xe hb y81 ff1 fs9 fc2 sc0 ls22 ws4f\" style=\"z-index: 15;\">in pro\ufb01t<span class=\"_ _3\"></span> or loss. Other \ufb01nancia<span class=\"_ _3\"></span>l li<span class=\"_ _3\"></span>abiliti<span class=\"_ _3\"></span>es are<span class=\"_ _3\"></span> subsequently measured at<span class=\"_ _3\"></span> amor<span class=\"_ _4\"></span>tised cost using the e<span class=\"_ _3\"></span>f<span class=\"_ _4\"></span>fective interest</div>\n<div class=\"t m8 xe hb y1c9 ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">met<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>d. Inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse a<span class=\"_ _4\"></span>nd fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n exch<span class=\"_ _4\"></span>ange g<span class=\"_ _4\"></span>ains a<span class=\"_ _4\"></span>nd lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es a<span class=\"_ _4\"></span>re rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d in pr<span class=\"_ _4\"></span>o\ufb01t or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s. A<span class=\"_ _4\"></span>ny gain o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb y1d7 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">on d<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on is al<span class=\"_ _4\"></span>so re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>t or los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t m198 xe hb y84 ff1 fs9 fc2 sc0 ls14 ws2e\" style=\"z-index: 15;\">See sec<span class=\"_ _4\"></span>tion \u201c<span class=\"_ _3\"></span>Derivative \ufb01n<span class=\"_ _3\"></span>ancial<span class=\"_ _3\"></span> instr<span class=\"_ _4\"></span>uments and hedge accounting<span class=\"_ _1\"></span>\u201d for derivatives<span class=\"_ _3\"></span> designated as<span class=\"_ _3\"></span> hedging instru<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y85 ff1 fs9 fc2 sc0 ls17 ws2c\" style=\"z-index: 15;\">ment<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 971px; height: 160px; width: 90%; z-index: 4;\"><br/></div>\n\n\n<div class=\"t m0 xe h6 y1af ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Derecognition of \ufb01nancial liabilities</div>\n<div class=\"t m199 xe hb y88 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">The G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p der<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>es a \ufb01n<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>ial liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y w<span class=\"_ _4\"></span>hen i<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s cont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al ob<span class=\"_ _4\"></span>ligati<span class=\"_ _4\"></span>ons a<span class=\"_ _4\"></span>re dis<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>rge<span class=\"_ _4\"></span>d or c<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>elle<span class=\"_ _4\"></span>d, or ex<span class=\"_ _4\"></span>pire.</div>\n<div class=\"t m19a xe hb y89 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en an e<span class=\"_ _4\"></span>xis<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng loa<span class=\"_ _4\"></span>n is re<span class=\"_ _4\"></span>plac<span class=\"_ _4\"></span>ed by an<span class=\"_ _4\"></span>oth<span class=\"_ _4\"></span>er fr<span class=\"_ _4\"></span>om t<span class=\"_ _4\"></span>he sa<span class=\"_ _4\"></span>me le<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r on su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>anti<span class=\"_ _4\"></span>ally di<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>ent te<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>s, or th<span class=\"_ _4\"></span>e ter<span class=\"_ _4\"></span>ms</div>\n<div class=\"t m64 xe hb y8a ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e exi<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ing lo<span class=\"_ _4\"></span>ans a<span class=\"_ _4\"></span>re su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>antia<span class=\"_ _4\"></span>lly mo<span class=\"_ _4\"></span>di\ufb01<span class=\"_ _4\"></span>ed, su<span class=\"_ _4\"></span>ch a<span class=\"_ _4\"></span>n excha<span class=\"_ _4\"></span>nge o<span class=\"_ _4\"></span>r mod<span class=\"_ _4\"></span>i\ufb01c<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion is t<span class=\"_ _4\"></span>reat<span class=\"_ _4\"></span>ed as a d<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nit<span class=\"_ _4\"></span>ion of</div>\n<div class=\"t m8 xe hb yd8 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e ori<span class=\"_ _4\"></span>ginal l<span class=\"_ _4\"></span>oan a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>he rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n of a new l<span class=\"_ _4\"></span>oan (at f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue). The di<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>renc<span class=\"_ _4\"></span>e in t<span class=\"_ _4\"></span>he res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _4\"></span>ng val<span class=\"_ _4\"></span>ue is</div>\n<div class=\"t m8 xe hb y1d8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ized i<span class=\"_ _4\"></span>n the s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment o<span class=\"_ _4\"></span>f pro\ufb01<span class=\"_ _4\"></span>t and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m19b xe hb y4a ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">On d<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on of a \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>, the d<span class=\"_ _4\"></span>if<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>ce be<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>wee<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt ex<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ingu<span class=\"_ _4\"></span>ish<span class=\"_ _4\"></span>ed an<span class=\"_ _4\"></span>d th<span class=\"_ _4\"></span>e cons<span class=\"_ _4\"></span>id<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 xe hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n pai<span class=\"_ _4\"></span>d (in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>ding a<span class=\"_ _4\"></span>ny non<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ash a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d or liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>ies as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>d) is r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d in pro<span class=\"_ _4\"></span>\ufb01t or lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 806px; height: 144px; width: 90%; z-index: 4;\"><br/></div>\n\n\n<div class=\"t m0 xe h6 y1d9 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Of<span class=\"_ _4\"></span>fset<span class=\"_ _4\"></span>ting</div>\n<div class=\"t m8 xe hb y72 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">Fina<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es are o<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>set a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>he net a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of \ufb01na<span class=\"_ _4\"></span>ncial p<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>i<span class=\"ws2\">-</span></div>\n<div class=\"t m19c xe hb y4f ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">tio<span class=\"_ _4\"></span>n whe<span class=\"_ _4\"></span>n, and o<span class=\"_ _4\"></span>nly w<span class=\"_ _4\"></span>hen, th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>entl<span class=\"_ _4\"></span>y has a le<span class=\"_ _4\"></span>gall<span class=\"_ _4\"></span>y enfo<span class=\"_ _4\"></span>rcea<span class=\"_ _4\"></span>ble r<span class=\"_ _4\"></span>ight t<span class=\"_ _4\"></span>o set of<span class=\"_ _7\"></span>f th<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d it inte<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb y50 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">eit<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>o set<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>le th<span class=\"_ _4\"></span>em o<span class=\"_ _4\"></span>n a net ba<span class=\"_ _4\"></span>sis o<span class=\"_ _4\"></span>r to reali<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t and s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>le th<span class=\"_ _4\"></span>e liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y si<span class=\"_ _4\"></span>mul<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>neo<span class=\"_ _4\"></span>usl<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 707px; height: 78px; width: 90%; z-index: 4;\"><br/></div>\n\n\n<div class=\"t m0 xe h6 y1b6 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Share capit<span class=\"_ _4\"></span>al</div>\n<div class=\"t m8 xe hb y54 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">Or<span class=\"_ _4\"></span>dina<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s are cl<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>si\ufb01e<span class=\"_ _4\"></span>d as e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>. I<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>al cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s di<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ly at<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>but<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le to t<span class=\"_ _4\"></span>he is<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>e of ord<span class=\"_ _4\"></span>inar<span class=\"_ _7\"></span>y s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s and</div>\n<div class=\"t m8 xe hb y1da ff1 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">sha<span class=\"_ _4\"></span>re op<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns are re<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>s a de<span class=\"_ _4\"></span>duc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>, net of t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x ef<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s. W<span class=\"_ _4\"></span>hen s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>pit<span class=\"_ _4\"></span>al re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed as e<span class=\"_ _4\"></span>q</div>\n<div class=\"t m8 x3d hb y73 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m19d xe hb y55 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">uit<span class=\"_ _4\"></span>y i<span class=\"_ _4\"></span>s rep<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>ed, th<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt of t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>der<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on pa<span class=\"_ _4\"></span>id, inc<span class=\"_ _4\"></span>ludi<span class=\"_ _4\"></span>ng dir<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>tl<span class=\"_ _4\"></span>y at<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ib<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s net o<span class=\"_ _4\"></span>f ta<span class=\"_ _4\"></span>x, is r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>g<span class=\"ws2\">-</span></div>\n<div class=\"t m19e xe hb y56 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">nis<span class=\"_ _4\"></span>ed as a d<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on f<span class=\"_ _4\"></span>rom e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>. Whe<span class=\"_ _4\"></span>n tr<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s are s<span class=\"_ _4\"></span>old, t<span class=\"_ _4\"></span>he amo<span class=\"_ _4\"></span>unt r<span class=\"_ _4\"></span>ecei<span class=\"_ _4\"></span>ved is r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d as an in<span class=\"_ _4\"></span>crea<span class=\"_ _4\"></span>se</div>\n<div class=\"t m8 xe hb y57 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">in e<span class=\"_ _4\"></span>quit<span class=\"_ _7\"></span>y and t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>g sur<span class=\"_ _4\"></span>pl<span class=\"_ _4\"></span>us or d<span class=\"_ _4\"></span>e\ufb01ci<span class=\"_ _4\"></span>t on t<span class=\"_ _4\"></span>he tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>sac<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n is pr<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d in ret<span class=\"_ _4\"></span>ai<span class=\"_ _4\"></span>ned ea<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ning<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 575px; height: 111px; width: 90%; z-index: 4;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 xe h6 y1db ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Derivative \ufb01nancial ins<span class=\"_ _4\"></span>trument<span class=\"_ _4\"></span>s &amp; hedge accounting</div>\n<div class=\"t m19f xe hb y5b ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p hol<span class=\"_ _4\"></span>ds de<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>vat<span class=\"_ _4\"></span>ive \ufb01na<span class=\"_ _4\"></span>ncial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s to h<span class=\"_ _4\"></span>edg<span class=\"_ _4\"></span>e it<span class=\"_ _4\"></span>s fo<span class=\"_ _4\"></span>reign c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y an<span class=\"_ _4\"></span>d inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ra<span class=\"_ _4\"></span>te ri<span class=\"_ _4\"></span>sk ex<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>res. E<span class=\"_ _4\"></span>m<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1a0 xe hb y5c ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">be<span class=\"_ _4\"></span>dd<span class=\"_ _4\"></span>ed d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ivat<span class=\"_ _4\"></span>ives a<span class=\"_ _4\"></span>re se<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d fr<span class=\"_ _4\"></span>om t<span class=\"_ _4\"></span>he hos<span class=\"_ _4\"></span>t co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>t and a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d for s<span class=\"_ _4\"></span>epa<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tely i<span class=\"_ _4\"></span>f the h<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t cont<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t is n<span class=\"_ _4\"></span>ot a</div>\n<div class=\"t m8 xe hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\ufb01na<span class=\"_ _4\"></span>ncial a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et an<span class=\"_ _4\"></span>d cer<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>ain c<span class=\"_ _4\"></span>rit<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ia are me<span class=\"_ _4\"></span>t.</div>\n<div class=\"t m15b xe hb y5e ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Der<span class=\"_ _4\"></span>iv<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ves are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d init<span class=\"_ _4\"></span>ially a<span class=\"_ _4\"></span>t fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e at th<span class=\"_ _4\"></span>e date a d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>tive co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>t is en<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>d into. Su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uent t<span class=\"_ _4\"></span>o init<span class=\"_ _4\"></span>ial</div>\n<div class=\"t m1a1 xe hb y5f ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n, der<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>tive<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d at fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>e and c<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ges t<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>ein ar<span class=\"_ _4\"></span>e gen<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ally re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d in pr<span class=\"_ _4\"></span>o\ufb01t an<span class=\"_ _4\"></span>d los<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m8 xe hb y60 ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p de<span class=\"_ _4\"></span>sign<span class=\"_ _4\"></span>ates c<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>tive<span class=\"_ _4\"></span>s as he<span class=\"_ _4\"></span>dgi<span class=\"_ _4\"></span>ng ins<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s to hed<span class=\"_ _4\"></span>ge t<span class=\"_ _4\"></span>he va<span class=\"_ _4\"></span>ria<span class=\"_ _4\"></span>bilit<span class=\"_ _7\"></span>y in c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ows a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>d</div>\n<div class=\"t m1a2 xe hb y75 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">wit<span class=\"_ _4\"></span>h hig<span class=\"_ _4\"></span>hly pr<span class=\"_ _4\"></span>ob<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e fore<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s ari<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>g fro<span class=\"_ _4\"></span>m ch<span class=\"_ _4\"></span>ange<span class=\"_ _4\"></span>s in fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n exch<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>e ra<span class=\"_ _4\"></span>tes an<span class=\"_ _4\"></span>d inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s and</div>\n<div class=\"t m8 xe hb y76 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">cer<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>ain de<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>vat<span class=\"_ _4\"></span>ives a<span class=\"_ _4\"></span>nd no<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ivat<span class=\"_ _4\"></span>ive \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es as h<span class=\"_ _4\"></span>edg<span class=\"_ _4\"></span>es of fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n exc<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>e ri<span class=\"_ _4\"></span>sk of a ne<span class=\"_ _4\"></span>t inves<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ment i<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 xe hb y1dc ff1 fs9 fc2 sc0 ls18 wsd\" style=\"z-index: 15;\">a foreign oper<span class=\"_ _4\"></span>ation.</div>\n<div class=\"t m1a3 xe hb y77 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">At inc<span class=\"_ _4\"></span>ept<span class=\"_ _4\"></span>ion of d<span class=\"_ _4\"></span>esi<span class=\"_ _4\"></span>gnate<span class=\"_ _4\"></span>d he<span class=\"_ _4\"></span>dge r<span class=\"_ _4\"></span>elat<span class=\"_ _4\"></span>ions<span class=\"_ _4\"></span>hip<span class=\"_ _4\"></span>s, th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p do<span class=\"_ _4\"></span>cum<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>isk m<span class=\"_ _4\"></span>anag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt ob<span class=\"_ _4\"></span>jec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ive an<span class=\"_ _4\"></span>d st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ateg<span class=\"_ _4\"></span>y</div>\n<div class=\"t m71 xe hb y63 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">for u<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ak<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he he<span class=\"_ _4\"></span>dge. T<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up al<span class=\"_ _4\"></span>so do<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts t<span class=\"_ _4\"></span>he e<span class=\"_ _4\"></span>con<span class=\"_ _4\"></span>omic re<span class=\"_ _4\"></span>lati<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>hip b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>we<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he he<span class=\"_ _4\"></span>dge<span class=\"_ _4\"></span>d ite<span class=\"_ _4\"></span>m and</div>\n<div class=\"t m1a4 xe hb y64 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e hed<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>d ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent, i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g whe<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r the c<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ges i<span class=\"_ _4\"></span>n ca<span class=\"_ _4\"></span>sh \ufb02<span class=\"_ _4\"></span>ow of th<span class=\"_ _4\"></span>e hed<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>d item a<span class=\"_ _4\"></span>nd he<span class=\"_ _4\"></span>dgi<span class=\"_ _4\"></span>ng in<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>nt</div>\n<div class=\"t m8 xe hb y65 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">are ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to of<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et eac<span class=\"_ _4\"></span>h oth<span class=\"_ _4\"></span>er<span class=\"_ _1\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 311px; height: 243px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 311px; height: 243px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 311px; height: 820px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1 h6 y1d6 ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Cas<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _1\"></span> hedges</div>\n<div class=\"t m1a5 x1 hb y7f ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en a d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ivat<span class=\"_ _4\"></span>ive is d<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>ignat<span class=\"_ _4\"></span>ed as a c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow h<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ging i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent, t<span class=\"_ _4\"></span>he ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive p<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of ch<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>es in t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>l<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1a6 x1 hb y43 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">ue of t<span class=\"_ _4\"></span>he de<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>vati<span class=\"_ _4\"></span>ve is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d in OCI a<span class=\"_ _4\"></span>nd ac<span class=\"_ _4\"></span>cum<span class=\"_ _4\"></span>ulate<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he he<span class=\"_ _4\"></span>dgi<span class=\"_ _4\"></span>ng re<span class=\"_ _4\"></span>ser<span class=\"_ _7\"></span>ve. The e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tive p<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of ch<span class=\"_ _4\"></span>ange<span class=\"_ _4\"></span>s</div>\n<div class=\"t m1a7 x1 hb y80 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">in th<span class=\"_ _4\"></span>e fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e of the d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>tive t<span class=\"_ _4\"></span>hat is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d in OCI i<span class=\"_ _4\"></span>s limite<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e cu<span class=\"_ _4\"></span>mulat<span class=\"_ _4\"></span>ive ch<span class=\"_ _4\"></span>ange i<span class=\"_ _4\"></span>n fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e of the</div>\n<div class=\"t m1a8 x1 hb y81 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">he<span class=\"_ _4\"></span>dge<span class=\"_ _4\"></span>d ite<span class=\"_ _4\"></span>m, deter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>ned o<span class=\"_ _4\"></span>n a pr<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>nt val<span class=\"_ _4\"></span>ue ba<span class=\"_ _4\"></span>sis<span class=\"_ _4\"></span>. Any in<span class=\"_ _4\"></span>ef<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve por<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of ch<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>es in t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue of t<span class=\"_ _4\"></span>he de<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1a9 x1 hb y82 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">ri<span class=\"_ _4\"></span>vat<span class=\"_ _4\"></span>ive is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d imm<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>iatel<span class=\"_ _4\"></span>y in pr<span class=\"_ _4\"></span>o\ufb01t or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s. T<span class=\"_ _4\"></span>he amo<span class=\"_ _4\"></span>unt a<span class=\"_ _4\"></span>ccu<span class=\"_ _4\"></span>mula<span class=\"_ _4\"></span>ted i<span class=\"_ _4\"></span>n the h<span class=\"_ _4\"></span>edg<span class=\"_ _4\"></span>ing re<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ve a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t of</div>\n<div class=\"t m1aa x1 hb y83 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">the h<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ging r<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ve is r<span class=\"_ _4\"></span>ecla<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>i\ufb01e<span class=\"_ _4\"></span>d to pro<span class=\"_ _4\"></span>\ufb01t or lo<span class=\"_ _4\"></span>ss i<span class=\"_ _4\"></span>n the s<span class=\"_ _4\"></span>am<span class=\"_ _4\"></span>e per<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>d or pe<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ods d<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing w<span class=\"_ _4\"></span>hich t<span class=\"_ _4\"></span>he he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e exp<span class=\"_ _4\"></span>ec<span class=\"_ _7\"></span>ted</div>\n<div class=\"t m8 x1 hb y84 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">fu<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>sh \ufb02o<span class=\"_ _4\"></span>ws af<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>t pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>.</div>\n<div class=\"t m1ab x1 hb y85 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">If th<span class=\"_ _4\"></span>e he<span class=\"_ _4\"></span>dge n<span class=\"_ _4\"></span>o lon<span class=\"_ _4\"></span>ger m<span class=\"_ _4\"></span>eet<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>he cr<span class=\"_ _4\"></span>ite<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>a for he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ing o<span class=\"_ _4\"></span>r the h<span class=\"_ _4\"></span>edg<span class=\"_ _4\"></span>ing i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent is s<span class=\"_ _4\"></span>ol<span class=\"_ _4\"></span>d, exp<span class=\"_ _4\"></span>ires, i<span class=\"_ _4\"></span>s ter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1ac x1 hb y86 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">nate<span class=\"_ _4\"></span>d or is exe<span class=\"_ _4\"></span>rci<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d, the<span class=\"_ _4\"></span>n hed<span class=\"_ _4\"></span>ge ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nting i<span class=\"_ _4\"></span>s dis<span class=\"_ _4\"></span>con<span class=\"_ _4\"></span>tinu<span class=\"_ _4\"></span>ed p<span class=\"_ _4\"></span>ros<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tive<span class=\"_ _4\"></span>ly<span class=\"_ _3\"></span>. Wh<span class=\"_ _4\"></span>en he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng for c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow</div>\n<div class=\"t m1ad x1 hb y87 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">he<span class=\"_ _4\"></span>dge<span class=\"_ _4\"></span>s is di<span class=\"_ _4\"></span>sco<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>nue<span class=\"_ _4\"></span>d, any gain o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n othe<span class=\"_ _4\"></span>r com<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>ve inco<span class=\"_ _4\"></span>me a<span class=\"_ _4\"></span>nd acc<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ulate<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ash</div>\n<div class=\"t m1ae x1 hb y8c ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">\ufb02ow he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e res<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>ve at tha<span class=\"_ _4\"></span>t tim<span class=\"_ _4\"></span>e rema<span class=\"_ _4\"></span>ins in e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y an<span class=\"_ _4\"></span>d is rec<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed to p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s w<span class=\"_ _4\"></span>hen t<span class=\"_ _4\"></span>he for<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>ted t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1af x1 hb y88 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">tio<span class=\"_ _4\"></span>n occ<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>s. W<span class=\"_ _4\"></span>hen a f<span class=\"_ _4\"></span>ore<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ed tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>sa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n is no lo<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>r ex<span class=\"_ _4\"></span>pec<span class=\"_ _7\"></span>ted to o<span class=\"_ _4\"></span>cc<span class=\"_ _4\"></span>ur<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he gai<span class=\"_ _4\"></span>n or los<span class=\"_ _4\"></span>s ac<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>mulat<span class=\"_ _4\"></span>ed in t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h</div>\n<div class=\"t m8 x1 hb y89 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\ufb02ow he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e res<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>ve is im<span class=\"_ _4\"></span>med<span class=\"_ _4\"></span>iatel<span class=\"_ _4\"></span>y rec<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed to p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 888px; height: 243px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 888px; height: 243px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag457": {
   "value": "\n<div><br/></div>\n<div class=\"t m0 x1 h6 y1ca ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Financial assets</div>\n<div class=\"t m8 x1 hb y8c ff1 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">All r<span class=\"_ _4\"></span>egu<span class=\"_ _4\"></span>lar way p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>es or s<span class=\"_ _4\"></span>ale<span class=\"_ _4\"></span>s of \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d and d<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n a tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>e date b<span class=\"_ _4\"></span>asi<span class=\"_ _4\"></span>s. Reg<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y88 ff1 fs9 fc2 sc0 ls2 ws3a\" style=\"z-index: 15;\">ular w<span class=\"_ _4\"></span>ay pur<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>ses o<span class=\"_ _4\"></span>r sa<span class=\"_ _4\"></span>les ar<span class=\"_ _4\"></span>e pur<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>ses o<span class=\"_ _4\"></span>r sa<span class=\"_ _4\"></span>les of \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s that r<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uire d<span class=\"_ _4\"></span>elive<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y of a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s wi<span class=\"_ _4\"></span>thi<span class=\"_ _4\"></span>n the t<span class=\"_ _4\"></span>ime</div>\n<div class=\"t m8 x1 hb y1cb ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">fr<span class=\"_ _4\"></span>am<span class=\"_ _4\"></span>e es<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>bli<span class=\"_ _4\"></span>she<span class=\"_ _4\"></span>d by re<span class=\"_ _4\"></span>gulat<span class=\"_ _4\"></span>ion o<span class=\"_ _4\"></span>r conve<span class=\"_ _4\"></span>ntio<span class=\"_ _4\"></span>n in t<span class=\"_ _4\"></span>he mar<span class=\"_ _4\"></span>ket<span class=\"_ _4\"></span>plac<span class=\"_ _4\"></span>e.</div>\n<div class=\"t m8 x1 hb y1cc ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">De<span class=\"_ _4\"></span>bt ins<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts t<span class=\"_ _4\"></span>hat m<span class=\"_ _4\"></span>eet t<span class=\"_ _4\"></span>he fol<span class=\"_ _4\"></span>lowi<span class=\"_ _4\"></span>ng co<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>tion<span class=\"_ _4\"></span>s are me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>red s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>ntly a<span class=\"_ _4\"></span>t amo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d cos<span class=\"_ _4\"></span>t (se<span class=\"_ _4\"></span>e (i<span class=\"_ _4\"></span>) bel<span class=\"_ _4\"></span>ow):</div>\n<div class=\"t m8 x1 hb y1cd ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span><span class=\"ws2d\">Th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et is he<span class=\"_ _4\"></span>ld wi<span class=\"_ _4\"></span>thi<span class=\"_ _4\"></span>n a bus<span class=\"_ _4\"></span>ine<span class=\"_ _4\"></span>ss m<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>el wh<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>e obje<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve is to ho<span class=\"_ _4\"></span>ld \ufb01na<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>n ord<span class=\"_ _4\"></span>er to co<span class=\"_ _4\"></span>llec<span class=\"_ _7\"></span>t </span></div>\n<div class=\"t m8 x3b hb y1ce ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ual c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ows; a<span class=\"_ _4\"></span>nd</div>\n<div class=\"t m8 x1 hb y1cf ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m187 x3b hb y4a ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">The c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tua<span class=\"_ _4\"></span>l ter<span class=\"_ _4\"></span>ms of t<span class=\"_ _4\"></span>he \ufb01na<span class=\"_ _4\"></span>ncial a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et gi<span class=\"_ _4\"></span>ve ris<span class=\"_ _4\"></span>e on s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ci\ufb01e<span class=\"_ _4\"></span>d dat<span class=\"_ _4\"></span>es to c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ows t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e sol<span class=\"_ _4\"></span>ely p<span class=\"_ _4\"></span>ayme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x3b hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of pr<span class=\"_ _4\"></span>inc<span class=\"_ _4\"></span>ipa<span class=\"_ _4\"></span>l and i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t on th<span class=\"_ _4\"></span>e pr<span class=\"_ _4\"></span>inc<span class=\"_ _4\"></span>ipal a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g.</div>\n<div class=\"t m188 x1 hb y4c ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">De<span class=\"_ _4\"></span>bt ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>hat me<span class=\"_ _4\"></span>et th<span class=\"_ _4\"></span>e follo<span class=\"_ _4\"></span>wing c<span class=\"_ _4\"></span>ond<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>ons ar<span class=\"_ _4\"></span>e meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d su<span class=\"_ _4\"></span>bse<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>entl<span class=\"_ _4\"></span>y at fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>e thr<span class=\"_ _4\"></span>oug<span class=\"_ _4\"></span>h othe<span class=\"_ _4\"></span>r com<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y4d ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">prehensive income (F<span class=\"_ _4\"></span>V<span class=\"_ _4\"></span>TOC<span class=\"_ _3\"></span>I) (see (ii) below)<span class=\"_ _1\"></span>:</div>\n<div class=\"t m8 x1 hb y1a5 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m189 x3b hb y4e ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">The \ufb01<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et is he<span class=\"_ _4\"></span>ld wi<span class=\"_ _4\"></span>thin a b<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>ines<span class=\"_ _4\"></span>s mo<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>l who<span class=\"_ _4\"></span>se o<span class=\"_ _4\"></span>bjec<span class=\"_ _7\"></span>tive i<span class=\"_ _4\"></span>s achi<span class=\"_ _4\"></span>eved by b<span class=\"_ _4\"></span>oth c<span class=\"_ _4\"></span>olle<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ting c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tua<span class=\"_ _4\"></span>l</div>\n<div class=\"t m8 x3b hb y72 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ca<span class=\"_ _4\"></span>sh \ufb02<span class=\"_ _4\"></span>ows a<span class=\"_ _4\"></span>nd se<span class=\"_ _4\"></span>lling t<span class=\"_ _4\"></span>he \ufb01n<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts; a<span class=\"_ _4\"></span>nd</div>\n<div class=\"t m8 x1 hb y1d0 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m187 x3b hb y4f ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">The c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tua<span class=\"_ _4\"></span>l ter<span class=\"_ _4\"></span>ms of t<span class=\"_ _4\"></span>he \ufb01na<span class=\"_ _4\"></span>ncial a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et gi<span class=\"_ _4\"></span>ve ris<span class=\"_ _4\"></span>e on s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ci\ufb01e<span class=\"_ _4\"></span>d dat<span class=\"_ _4\"></span>es to c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ows t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e sol<span class=\"_ _4\"></span>ely p<span class=\"_ _4\"></span>ayme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x3b hb y50 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of pr<span class=\"_ _4\"></span>inc<span class=\"_ _4\"></span>ipa<span class=\"_ _4\"></span>l and i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t on th<span class=\"_ _4\"></span>e pr<span class=\"_ _4\"></span>inc<span class=\"_ _4\"></span>ipal a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g.</div>\n<div class=\"t m8 x1 hb y1d1 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">By de<span class=\"_ _4\"></span>fau<span class=\"_ _4\"></span>lt, all ot<span class=\"_ _4\"></span>her \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s are m<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>red s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>ntl<span class=\"_ _4\"></span>y at fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e thr<span class=\"_ _4\"></span>oug<span class=\"_ _4\"></span>h pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss (<span class=\"_ _4\"></span>F<span class=\"_ _4\"></span>V<span class=\"_ _4\"></span>TPL<span class=\"_ _4\"></span>).</div>\n<div class=\"t m18a x1 hb y52 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">Des<span class=\"_ _4\"></span>pi<span class=\"_ _4\"></span>te th<span class=\"_ _4\"></span>e fore<span class=\"_ _4\"></span>goin<span class=\"_ _4\"></span>g, the G<span class=\"_ _4\"></span>roup m<span class=\"_ _4\"></span>ay make th<span class=\"_ _4\"></span>e follo<span class=\"_ _4\"></span>wing i<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>evoc<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e ele<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n/desig<span class=\"_ _4\"></span>nati<span class=\"_ _4\"></span>on at ini<span class=\"_ _4\"></span>tial r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnit<span class=\"_ _4\"></span>ion of</div>\n<div class=\"t m8 x1 hb y53 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">a \ufb01nanci<span class=\"_ _3\"></span>al asset:</div>\n<div class=\"t m8 x1 hb y1d2 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m18b x3b hb y54 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p may ir<span class=\"_ _4\"></span>revo<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>bly e<span class=\"_ _4\"></span>lec<span class=\"_ _7\"></span>t to pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nt su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uent c<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>s in fa<span class=\"_ _4\"></span>ir val<span class=\"_ _4\"></span>ue of an e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt in ot<span class=\"_ _4\"></span>her</div>\n<div class=\"t m8 x3b hb y73 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>nsive i<span class=\"_ _4\"></span>nco<span class=\"_ _4\"></span>me if c<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain c<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>iter<span class=\"_ _4\"></span>ia ar<span class=\"_ _4\"></span>e met (se<span class=\"_ _4\"></span>e (iii<span class=\"_ _4\"></span>) be<span class=\"_ _4\"></span>low); and</div>\n<div class=\"t m8 x1 hb y1d3 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m18c x3b hb y55 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">The G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p may ir<span class=\"_ _4\"></span>revoc<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>ly de<span class=\"_ _4\"></span>sig<span class=\"_ _4\"></span>nate a d<span class=\"_ _4\"></span>ebt i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tme<span class=\"_ _4\"></span>nt th<span class=\"_ _4\"></span>at mee<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s the a<span class=\"_ _4\"></span>mor<span class=\"_ _7\"></span>tis<span class=\"_ _4\"></span>ed c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t or F<span class=\"_ _4\"></span>V<span class=\"_ _4\"></span>TOCI c<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>ia as</div>\n<div class=\"t m8 x3b hb y56 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">mea<span class=\"_ _4\"></span>sure<span class=\"_ _4\"></span>d at F<span class=\"_ _4\"></span>V<span class=\"_ _7\"></span>TPL if d<span class=\"_ _4\"></span>oing s<span class=\"_ _4\"></span>o elim<span class=\"_ _4\"></span>inate<span class=\"_ _4\"></span>s or si<span class=\"_ _4\"></span>gni\ufb01<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>ntly r<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>uces a<span class=\"_ _4\"></span>n acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ing mi<span class=\"_ _4\"></span>sma<span class=\"_ _4\"></span>tch (s<span class=\"_ _4\"></span>ee (i<span class=\"_ _4\"></span>v) be<span class=\"_ _4\"></span>low).</div>\n<div class=\"t m18d x1 hb y57 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">All r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s are me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>red s<span class=\"_ _4\"></span>ubs<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>ue<span class=\"_ _4\"></span>ntly i<span class=\"_ _4\"></span>n the<span class=\"_ _4\"></span>ir ent<span class=\"_ _4\"></span>iret<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>t eit<span class=\"_ _4\"></span>her am<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tis<span class=\"_ _4\"></span>ed co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t or f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue,</div>\n<div class=\"t m8 x1 hb y58 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">de<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ndin<span class=\"_ _4\"></span>g on t<span class=\"_ _4\"></span>he cla<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>i\ufb01c<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on of t<span class=\"_ _4\"></span>he \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s:</div>\n<div class=\"t m8 x1 hb y1aa ff1 fs9 fc2 sc0 ls18 wsd\" style=\"z-index: 15;\">(I).<span class=\"_ _3\"></span> </div>\n<div class=\"t m120 x3c hb y59 ff2 fs9 fc2 sc0 ls35 ws17\" style=\"z-index: 15;\">Financial assets at amortised cost<span class=\"_ _4\"></span>s:<span class=\"ff1 ls2 wsd\"> Thes<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>re su<span class=\"_ _4\"></span>bse<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>ly mea<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>ed at a<span class=\"_ _4\"></span>mor<span class=\"_ _7\"></span>tis<span class=\"_ _4\"></span>ed c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s usi<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e </span></div>\n<div class=\"t m8 x3c hb y5a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ef<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>d. Th<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d cos<span class=\"_ _4\"></span>t is r<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>uce<span class=\"_ _4\"></span>d by imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es. I<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t inco<span class=\"_ _4\"></span>me, fore<span class=\"_ _4\"></span>ign ex-</div>\n<div class=\"t m18e x3c hb y5b ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">cha<span class=\"_ _4\"></span>nge g<span class=\"_ _4\"></span>ains a<span class=\"_ _4\"></span>nd los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s. A<span class=\"_ _4\"></span>ny gain o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s on d<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on</div>\n<div class=\"t m8 x3c hb y5c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m8 x1 hb y1d4 ff1 fs9 fc2 sc0 ls18 wsd\" style=\"z-index: 15;\">(II)<span class=\"_ _3\"></span>. <span class=\"_ _c8\"> </span><span class=\"ff2 ls2\">De<span class=\"_ _4\"></span>bt in<span class=\"_ _4\"></span>ves<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s at F<span class=\"_ _4\"></span>V<span class=\"_ _4\"></span>TO<span class=\"_ _4\"></span>CI:<span class=\"ff1\"> T<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s are su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uent<span class=\"_ _4\"></span>ly me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>red at f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue. In<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t inco<span class=\"_ _4\"></span>me is c<span class=\"_ _4\"></span>al</span></span></div>\n<div class=\"t m8 x14 hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m18f x3c hb y5e ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">cul<span class=\"_ _4\"></span>ated u<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>g the e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>tive i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t met<span class=\"_ _4\"></span>hod, fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n exch<span class=\"_ _4\"></span>ange g<span class=\"_ _4\"></span>ains a<span class=\"_ _4\"></span>nd lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es a<span class=\"_ _4\"></span>nd im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>g<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m190 x3c hb y5f ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">nis<span class=\"_ _4\"></span>ed in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s. O<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>her ne<span class=\"_ _4\"></span>t gain<span class=\"_ _4\"></span>s and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d in O<span class=\"_ _4\"></span>CI. On d<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on, gain<span class=\"_ _4\"></span>s and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x3c hb y60 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">acc<span class=\"_ _4\"></span>umu<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d in OCI a<span class=\"_ _4\"></span>re rec<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed to p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>t or los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t m8 x1 hb y74 ff1 fs9 fc2 sc0 ls15 ws12\" style=\"z-index: 15;\">(III).</div>\n<div class=\"t m191 x3c hb y75 ff2 fs9 fc2 sc0 ls2f wsc\" style=\"z-index: 15;\">Equity inv<span class=\"_ _3\"></span>estments at FV<span class=\"_ _4\"></span>TOCI<span class=\"_ _3\"></span>:<span class=\"ff1 ls16 wsb\"> Thes<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e sub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>ntl<span class=\"_ _4\"></span>y meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>e. Divi<span class=\"_ _4\"></span>den<span class=\"_ _4\"></span>ds ar<span class=\"_ _4\"></span>e rec<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></span></div>\n<div class=\"t m192 x3c hb y76 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">og<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d as in<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e in pr<span class=\"_ _4\"></span>o\ufb01t or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s unle<span class=\"_ _4\"></span>ss t<span class=\"_ _4\"></span>he di<span class=\"_ _4\"></span>vid<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>d clea<span class=\"_ _4\"></span>rly r<span class=\"_ _4\"></span>epr<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s a re<span class=\"_ _4\"></span>cover<span class=\"_ _7\"></span>y of pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>he cos<span class=\"_ _4\"></span>t of</div>\n<div class=\"t m8 x3c hb y61 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e inves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>. Ot<span class=\"_ _4\"></span>her n<span class=\"_ _4\"></span>et gai<span class=\"_ _4\"></span>ns an<span class=\"_ _4\"></span>d los<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n OCI an<span class=\"_ _4\"></span>d are n<span class=\"_ _4\"></span>ever re<span class=\"_ _4\"></span>clas<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed t<span class=\"_ _4\"></span>o pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>.</div>\n<div class=\"t m8 x1 hb y1d5 ff1 fs9 fc2 sc0 ls49 ws4d\" style=\"z-index: 15;\">(I<span class=\"_ _4\"></span>V<span class=\"_ _7\"></span>).<span class=\"_ _4\"></span> </div>\n\n<div class=\"t m193 x3c hb y77 ff2 fs9 fc2 sc0 ls11 wsc\" style=\"z-index: 15;\">Fin<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ci<span class=\"_ _4\"></span>al a<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>t F<span class=\"_ _4\"></span>V<span class=\"_ _4\"></span>TPL<span class=\"_ _4\"></span>:<span class=\"ff1 wsd\"> The<span class=\"_ _4\"></span>se a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s are s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>ntl<span class=\"_ _4\"></span>y meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue. Net g<span class=\"_ _4\"></span>ains a<span class=\"_ _4\"></span>nd lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es, i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>d<span class=\"ls2 ws2\">-</span></span></div>\n<div class=\"t m194 x3c hb y63 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">ing a<span class=\"_ _4\"></span>ny inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t or d<span class=\"_ _4\"></span>ivid<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>d inc<span class=\"_ _4\"></span>ome, are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n pro<span class=\"_ _4\"></span>\ufb01t or lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s. How<span class=\"_ _4\"></span>ever<span class=\"_ _1\"></span>, s<span class=\"_ _4\"></span>ee s<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>tive \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial</div>\n<div class=\"t m8 x3c hb y64 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ins<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>nd he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ing fo<span class=\"_ _4\"></span>r der<span class=\"_ _4\"></span>iv<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ves de<span class=\"_ _4\"></span>sig<span class=\"_ _4\"></span>nate<span class=\"_ _4\"></span>d as he<span class=\"_ _4\"></span>dgi<span class=\"_ _4\"></span>ng ins<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 327px; height: 53px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 327px; height: 639px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag479": {
   "value": "\n<div class=\"t m193 x3c hb y77 ff2 fs9 fc2 sc0 ls11 wsc\" style=\"z-index: 15;\">Fin<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ci<span class=\"_ _4\"></span>al a<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>t F<span class=\"_ _4\"></span>V<span class=\"_ _4\"></span>TPL<span class=\"_ _4\"></span>:<span class=\"ff1 wsd\"> The<span class=\"_ _4\"></span>se a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s are s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>ntl<span class=\"_ _4\"></span>y meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue. Net g<span class=\"_ _4\"></span>ains a<span class=\"_ _4\"></span>nd lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es, i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>d<span class=\"ls2 ws2\">-</span></span></div>\n<div class=\"t m194 x3c hb y63 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">ing a<span class=\"_ _4\"></span>ny inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t or d<span class=\"_ _4\"></span>ivid<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>d inc<span class=\"_ _4\"></span>ome, are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n pro<span class=\"_ _4\"></span>\ufb01t or lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s. How<span class=\"_ _4\"></span>ever<span class=\"_ _1\"></span>, s<span class=\"_ _4\"></span>ee s<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>tive \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial</div>\n<div class=\"t m8 x3c hb y64 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ins<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>nd he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ing fo<span class=\"_ _4\"></span>r der<span class=\"_ _4\"></span>iv<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ves de<span class=\"_ _4\"></span>sig<span class=\"_ _4\"></span>nate<span class=\"_ _4\"></span>d as he<span class=\"_ _4\"></span>dgi<span class=\"_ _4\"></span>ng ins<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 327px; height: 53px; width: 88%; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag472": {
   "value": "\n<div class=\"t m0 x1 h6 y1b3 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Derecognition of \ufb01nancial as<span class=\"_ _4\"></span>sets</div>\n<div class=\"t m195 x1 hb y67 ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p der<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>es a \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al ri<span class=\"_ _4\"></span>ght<span class=\"_ _4\"></span>s to t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ash \ufb02<span class=\"_ _4\"></span>ows f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m the \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t</div>\n<div class=\"t m8 x1 hb y68 ff1 fs9 fc2 sc0 ls2 ws4e\" style=\"z-index: 15;\">ex<span class=\"_ _4\"></span>pire, or it t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>rs t<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>ight<span class=\"_ _4\"></span>s to r<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>ive th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al c<span class=\"_ _4\"></span>ash \ufb02<span class=\"_ _4\"></span>ows i<span class=\"_ _4\"></span>n a tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion i<span class=\"_ _4\"></span>n whic<span class=\"_ _4\"></span>h su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>antia<span class=\"_ _4\"></span>lly all r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks</div>\n<div class=\"t m196 x1 hb y69 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">and r<span class=\"_ _4\"></span>ewa<span class=\"_ _4\"></span>rds of o<span class=\"_ _4\"></span>wne<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ship o<span class=\"_ _4\"></span>f the \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t are t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d or in w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h the G<span class=\"_ _4\"></span>roup n<span class=\"_ _4\"></span>eit<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>s no<span class=\"_ _4\"></span>r ret<span class=\"_ _4\"></span>ains</div>\n<div class=\"t m8 x1 hb y6a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ntial<span class=\"_ _4\"></span>ly all of t<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>isk<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d rewa<span class=\"_ _4\"></span>rd<span class=\"_ _4\"></span>s of own<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>shi<span class=\"_ _4\"></span>p and i<span class=\"_ _4\"></span>t doe<span class=\"_ _4\"></span>s not re<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>in con<span class=\"_ _4\"></span>tro<span class=\"_ _4\"></span>l over th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cial a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 212px; height: 94px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 xe h6 y1af ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Derecognition of \ufb01nancial liabilities</div>\n<div class=\"t m199 xe hb y88 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">The G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p der<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>es a \ufb01n<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>ial liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y w<span class=\"_ _4\"></span>hen i<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s cont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al ob<span class=\"_ _4\"></span>ligati<span class=\"_ _4\"></span>ons a<span class=\"_ _4\"></span>re dis<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>rge<span class=\"_ _4\"></span>d or c<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>elle<span class=\"_ _4\"></span>d, or ex<span class=\"_ _4\"></span>pire.</div>\n<div class=\"t m19a xe hb y89 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en an e<span class=\"_ _4\"></span>xis<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng loa<span class=\"_ _4\"></span>n is re<span class=\"_ _4\"></span>plac<span class=\"_ _4\"></span>ed by an<span class=\"_ _4\"></span>oth<span class=\"_ _4\"></span>er fr<span class=\"_ _4\"></span>om t<span class=\"_ _4\"></span>he sa<span class=\"_ _4\"></span>me le<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r on su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>anti<span class=\"_ _4\"></span>ally di<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>ent te<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>s, or th<span class=\"_ _4\"></span>e ter<span class=\"_ _4\"></span>ms</div>\n<div class=\"t m64 xe hb y8a ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e exi<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ing lo<span class=\"_ _4\"></span>ans a<span class=\"_ _4\"></span>re su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>antia<span class=\"_ _4\"></span>lly mo<span class=\"_ _4\"></span>di\ufb01<span class=\"_ _4\"></span>ed, su<span class=\"_ _4\"></span>ch a<span class=\"_ _4\"></span>n excha<span class=\"_ _4\"></span>nge o<span class=\"_ _4\"></span>r mod<span class=\"_ _4\"></span>i\ufb01c<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion is t<span class=\"_ _4\"></span>reat<span class=\"_ _4\"></span>ed as a d<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nit<span class=\"_ _4\"></span>ion of</div>\n<div class=\"t m8 xe hb yd8 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e ori<span class=\"_ _4\"></span>ginal l<span class=\"_ _4\"></span>oan a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>he rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n of a new l<span class=\"_ _4\"></span>oan (at f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue). The di<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>renc<span class=\"_ _4\"></span>e in t<span class=\"_ _4\"></span>he res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _4\"></span>ng val<span class=\"_ _4\"></span>ue is</div>\n<div class=\"t m8 xe hb y1d8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ized i<span class=\"_ _4\"></span>n the s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment o<span class=\"_ _4\"></span>f pro\ufb01<span class=\"_ _4\"></span>t and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m19b xe hb y4a ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">On d<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on of a \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>, the d<span class=\"_ _4\"></span>if<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>ce be<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>wee<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt ex<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ingu<span class=\"_ _4\"></span>ish<span class=\"_ _4\"></span>ed an<span class=\"_ _4\"></span>d th<span class=\"_ _4\"></span>e cons<span class=\"_ _4\"></span>id<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 xe hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n pai<span class=\"_ _4\"></span>d (in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>ding a<span class=\"_ _4\"></span>ny non<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ash a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d or liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>ies as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>d) is r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d in pro<span class=\"_ _4\"></span>\ufb01t or lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 806px; height: 144px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag456": {
   "value": "\n<div class=\"t m0 xe h6 y1d6 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Financial liabilities</div>\n<div class=\"t m8 xe hb y7f ff1 fs9 fc2 sc0 ls2 ws4e\" style=\"z-index: 15;\">Fina<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es are c<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed a<span class=\"_ _4\"></span>s meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at am<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d co<span class=\"_ _4\"></span>st o<span class=\"_ _4\"></span>r F<span class=\"_ _4\"></span>V<span class=\"_ _4\"></span>TPL<span class=\"_ _4\"></span>. A \ufb01na<span class=\"_ _4\"></span>ncial li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y is cl<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>si\ufb01<span class=\"_ _4\"></span>ed at F<span class=\"_ _4\"></span>V<span class=\"_ _7\"></span>TPL</div>\n<div class=\"t m197 xe hb y43 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">if it i<span class=\"_ _4\"></span>s clas<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed a<span class=\"_ _4\"></span>s hel<span class=\"_ _4\"></span>d-<span class=\"_ _4\"></span>for-tr<span class=\"_ _4\"></span>adi<span class=\"_ _4\"></span>ng, it is a d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ivat<span class=\"_ _4\"></span>ive or i<span class=\"_ _4\"></span>t is de<span class=\"_ _4\"></span>sig<span class=\"_ _4\"></span>nate<span class=\"_ _4\"></span>d as su<span class=\"_ _4\"></span>ch on i<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>al rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n. Fina<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l liabi<span class=\"_ _4\"></span>l<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m155 xe hb y80 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">iti<span class=\"_ _4\"></span>es at F<span class=\"_ _4\"></span>V<span class=\"_ _7\"></span>TPL are m<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at fa<span class=\"_ _4\"></span>ir val<span class=\"_ _4\"></span>ue an<span class=\"_ _4\"></span>d net ga<span class=\"_ _4\"></span>ins an<span class=\"_ _4\"></span>d los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es, in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g any inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>e, are rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 xe hb y81 ff1 fs9 fc2 sc0 ls22 ws4f\" style=\"z-index: 15;\">in pro\ufb01t<span class=\"_ _3\"></span> or loss. Other \ufb01nancia<span class=\"_ _3\"></span>l li<span class=\"_ _3\"></span>abiliti<span class=\"_ _3\"></span>es are<span class=\"_ _3\"></span> subsequently measured at<span class=\"_ _3\"></span> amor<span class=\"_ _4\"></span>tised cost using the e<span class=\"_ _3\"></span>f<span class=\"_ _4\"></span>fective interest</div>\n<div class=\"t m8 xe hb y1c9 ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">met<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>d. Inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse a<span class=\"_ _4\"></span>nd fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n exch<span class=\"_ _4\"></span>ange g<span class=\"_ _4\"></span>ains a<span class=\"_ _4\"></span>nd lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es a<span class=\"_ _4\"></span>re rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d in pr<span class=\"_ _4\"></span>o\ufb01t or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s. A<span class=\"_ _4\"></span>ny gain o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb y1d7 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">on d<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on is al<span class=\"_ _4\"></span>so re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>t or los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t m198 xe hb y84 ff1 fs9 fc2 sc0 ls14 ws2e\" style=\"z-index: 15;\">See sec<span class=\"_ _4\"></span>tion \u201c<span class=\"_ _3\"></span>Derivative \ufb01n<span class=\"_ _3\"></span>ancial<span class=\"_ _3\"></span> instr<span class=\"_ _4\"></span>uments and hedge accounting<span class=\"_ _1\"></span>\u201d for derivatives<span class=\"_ _3\"></span> designated as<span class=\"_ _3\"></span> hedging instru<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y85 ff1 fs9 fc2 sc0 ls17 ws2c\" style=\"z-index: 15;\">ment<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 971px; height: 160px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag470": {
   "value": "\n<div class=\"t m0 xe h6 y1d9 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Of<span class=\"_ _4\"></span>fset<span class=\"_ _4\"></span>ting</div>\n<div class=\"t m8 xe hb y72 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">Fina<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es are o<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>set a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>he net a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of \ufb01na<span class=\"_ _4\"></span>ncial p<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>i<span class=\"ws2\">-</span></div>\n<div class=\"t m19c xe hb y4f ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">tio<span class=\"_ _4\"></span>n whe<span class=\"_ _4\"></span>n, and o<span class=\"_ _4\"></span>nly w<span class=\"_ _4\"></span>hen, th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>entl<span class=\"_ _4\"></span>y has a le<span class=\"_ _4\"></span>gall<span class=\"_ _4\"></span>y enfo<span class=\"_ _4\"></span>rcea<span class=\"_ _4\"></span>ble r<span class=\"_ _4\"></span>ight t<span class=\"_ _4\"></span>o set of<span class=\"_ _7\"></span>f th<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d it inte<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb y50 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">eit<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>o set<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>le th<span class=\"_ _4\"></span>em o<span class=\"_ _4\"></span>n a net ba<span class=\"_ _4\"></span>sis o<span class=\"_ _4\"></span>r to reali<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t and s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>le th<span class=\"_ _4\"></span>e liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y si<span class=\"_ _4\"></span>mul<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>neo<span class=\"_ _4\"></span>usl<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 707px; height: 78px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag445": {
   "value": "\n<div class=\"t m0 xe h6 y1b6 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Share capit<span class=\"_ _4\"></span>al</div>\n<div class=\"t m8 xe hb y54 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">Or<span class=\"_ _4\"></span>dina<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s are cl<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>si\ufb01e<span class=\"_ _4\"></span>d as e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>. I<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>al cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s di<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ly at<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>but<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le to t<span class=\"_ _4\"></span>he is<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>e of ord<span class=\"_ _4\"></span>inar<span class=\"_ _7\"></span>y s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s and</div>\n<div class=\"t m8 xe hb y1da ff1 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">sha<span class=\"_ _4\"></span>re op<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns are re<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>s a de<span class=\"_ _4\"></span>duc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>, net of t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x ef<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s. W<span class=\"_ _4\"></span>hen s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>pit<span class=\"_ _4\"></span>al re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed as e<span class=\"_ _4\"></span>q</div>\n<div class=\"t m8 x3d hb y73 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m19d xe hb y55 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">uit<span class=\"_ _4\"></span>y i<span class=\"_ _4\"></span>s rep<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>ed, th<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt of t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>der<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on pa<span class=\"_ _4\"></span>id, inc<span class=\"_ _4\"></span>ludi<span class=\"_ _4\"></span>ng dir<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>tl<span class=\"_ _4\"></span>y at<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ib<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s net o<span class=\"_ _4\"></span>f ta<span class=\"_ _4\"></span>x, is r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>g<span class=\"ws2\">-</span></div>\n<div class=\"t m19e xe hb y56 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">nis<span class=\"_ _4\"></span>ed as a d<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on f<span class=\"_ _4\"></span>rom e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>. Whe<span class=\"_ _4\"></span>n tr<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s are s<span class=\"_ _4\"></span>old, t<span class=\"_ _4\"></span>he amo<span class=\"_ _4\"></span>unt r<span class=\"_ _4\"></span>ecei<span class=\"_ _4\"></span>ved is r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d as an in<span class=\"_ _4\"></span>crea<span class=\"_ _4\"></span>se</div>\n<div class=\"t m8 xe hb y57 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">in e<span class=\"_ _4\"></span>quit<span class=\"_ _7\"></span>y and t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>g sur<span class=\"_ _4\"></span>pl<span class=\"_ _4\"></span>us or d<span class=\"_ _4\"></span>e\ufb01ci<span class=\"_ _4\"></span>t on t<span class=\"_ _4\"></span>he tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>sac<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n is pr<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d in ret<span class=\"_ _4\"></span>ai<span class=\"_ _4\"></span>ned ea<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ning<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 575px; height: 111px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag449": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 xe h6 y1db ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Derivative \ufb01nancial ins<span class=\"_ _4\"></span>trument<span class=\"_ _4\"></span>s &amp; hedge accounting</div>\n<div class=\"t m19f xe hb y5b ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p hol<span class=\"_ _4\"></span>ds de<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>vat<span class=\"_ _4\"></span>ive \ufb01na<span class=\"_ _4\"></span>ncial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s to h<span class=\"_ _4\"></span>edg<span class=\"_ _4\"></span>e it<span class=\"_ _4\"></span>s fo<span class=\"_ _4\"></span>reign c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y an<span class=\"_ _4\"></span>d inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ra<span class=\"_ _4\"></span>te ri<span class=\"_ _4\"></span>sk ex<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>res. E<span class=\"_ _4\"></span>m<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1a0 xe hb y5c ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">be<span class=\"_ _4\"></span>dd<span class=\"_ _4\"></span>ed d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ivat<span class=\"_ _4\"></span>ives a<span class=\"_ _4\"></span>re se<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d fr<span class=\"_ _4\"></span>om t<span class=\"_ _4\"></span>he hos<span class=\"_ _4\"></span>t co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>t and a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d for s<span class=\"_ _4\"></span>epa<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tely i<span class=\"_ _4\"></span>f the h<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t cont<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t is n<span class=\"_ _4\"></span>ot a</div>\n<div class=\"t m8 xe hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\ufb01na<span class=\"_ _4\"></span>ncial a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et an<span class=\"_ _4\"></span>d cer<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>ain c<span class=\"_ _4\"></span>rit<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ia are me<span class=\"_ _4\"></span>t.</div>\n<div class=\"t m15b xe hb y5e ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Der<span class=\"_ _4\"></span>iv<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ves are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d init<span class=\"_ _4\"></span>ially a<span class=\"_ _4\"></span>t fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e at th<span class=\"_ _4\"></span>e date a d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>tive co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>t is en<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>d into. Su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uent t<span class=\"_ _4\"></span>o init<span class=\"_ _4\"></span>ial</div>\n<div class=\"t m1a1 xe hb y5f ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n, der<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>tive<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d at fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>e and c<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ges t<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>ein ar<span class=\"_ _4\"></span>e gen<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ally re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d in pr<span class=\"_ _4\"></span>o\ufb01t an<span class=\"_ _4\"></span>d los<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m8 xe hb y60 ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p de<span class=\"_ _4\"></span>sign<span class=\"_ _4\"></span>ates c<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>tive<span class=\"_ _4\"></span>s as he<span class=\"_ _4\"></span>dgi<span class=\"_ _4\"></span>ng ins<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s to hed<span class=\"_ _4\"></span>ge t<span class=\"_ _4\"></span>he va<span class=\"_ _4\"></span>ria<span class=\"_ _4\"></span>bilit<span class=\"_ _7\"></span>y in c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ows a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>d</div>\n<div class=\"t m1a2 xe hb y75 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">wit<span class=\"_ _4\"></span>h hig<span class=\"_ _4\"></span>hly pr<span class=\"_ _4\"></span>ob<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e fore<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s ari<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>g fro<span class=\"_ _4\"></span>m ch<span class=\"_ _4\"></span>ange<span class=\"_ _4\"></span>s in fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n exch<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>e ra<span class=\"_ _4\"></span>tes an<span class=\"_ _4\"></span>d inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s and</div>\n<div class=\"t m8 xe hb y76 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">cer<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>ain de<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>vat<span class=\"_ _4\"></span>ives a<span class=\"_ _4\"></span>nd no<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ivat<span class=\"_ _4\"></span>ive \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es as h<span class=\"_ _4\"></span>edg<span class=\"_ _4\"></span>es of fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n exc<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>e ri<span class=\"_ _4\"></span>sk of a ne<span class=\"_ _4\"></span>t inves<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ment i<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 xe hb y1dc ff1 fs9 fc2 sc0 ls18 wsd\" style=\"z-index: 15;\">a foreign oper<span class=\"_ _4\"></span>ation.</div>\n<div class=\"t m1a3 xe hb y77 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">At inc<span class=\"_ _4\"></span>ept<span class=\"_ _4\"></span>ion of d<span class=\"_ _4\"></span>esi<span class=\"_ _4\"></span>gnate<span class=\"_ _4\"></span>d he<span class=\"_ _4\"></span>dge r<span class=\"_ _4\"></span>elat<span class=\"_ _4\"></span>ions<span class=\"_ _4\"></span>hip<span class=\"_ _4\"></span>s, th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p do<span class=\"_ _4\"></span>cum<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>isk m<span class=\"_ _4\"></span>anag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt ob<span class=\"_ _4\"></span>jec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ive an<span class=\"_ _4\"></span>d st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ateg<span class=\"_ _4\"></span>y</div>\n<div class=\"t m71 xe hb y63 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">for u<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ak<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he he<span class=\"_ _4\"></span>dge. T<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up al<span class=\"_ _4\"></span>so do<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts t<span class=\"_ _4\"></span>he e<span class=\"_ _4\"></span>con<span class=\"_ _4\"></span>omic re<span class=\"_ _4\"></span>lati<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>hip b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>we<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he he<span class=\"_ _4\"></span>dge<span class=\"_ _4\"></span>d ite<span class=\"_ _4\"></span>m and</div>\n<div class=\"t m1a4 xe hb y64 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e hed<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>d ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent, i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g whe<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r the c<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ges i<span class=\"_ _4\"></span>n ca<span class=\"_ _4\"></span>sh \ufb02<span class=\"_ _4\"></span>ow of th<span class=\"_ _4\"></span>e hed<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>d item a<span class=\"_ _4\"></span>nd he<span class=\"_ _4\"></span>dgi<span class=\"_ _4\"></span>ng in<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>nt</div>\n<div class=\"t m8 xe hb y65 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">are ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to of<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et eac<span class=\"_ _4\"></span>h oth<span class=\"_ _4\"></span>er<span class=\"_ _1\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 311px; height: 243px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 311px; height: 243px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m144 x1 hb y69 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">Du<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g the n<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>mal co<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>se of it<span class=\"_ _4\"></span>s b<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s, E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR is ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ose<span class=\"_ _4\"></span>d to var<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>us ri<span class=\"_ _4\"></span>sk<span class=\"_ _4\"></span>s as de<span class=\"_ _4\"></span>sc<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>be<span class=\"_ _4\"></span>d in mor<span class=\"_ _4\"></span>e det<span class=\"_ _4\"></span>ail in t<span class=\"_ _4\"></span>he Co<span class=\"_ _4\"></span>r<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m227 x1 hb y6a ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">po<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>e Gover<span class=\"_ _4\"></span>na<span class=\"_ _4\"></span>nce St<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>. E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R is ex<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d to cr<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>t, inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t, c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>y and li<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks a<span class=\"_ _4\"></span>nd in o<span class=\"_ _4\"></span>rde<span class=\"_ _4\"></span>r to</div>\n<div class=\"t m31a x1 hb y7b ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">hed<span class=\"_ _4\"></span>ge t<span class=\"_ _4\"></span>his ex<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>e, EXM<span class=\"_ _4\"></span>AR us<span class=\"_ _4\"></span>es di<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>ent \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s, m<span class=\"_ _4\"></span>ainly i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t rate h<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ges s<span class=\"_ _4\"></span>itu<span class=\"_ _4\"></span>ated w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>hin our</div>\n<div class=\"t m8 x1 hb y6b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>ccou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es as we<span class=\"_ _4\"></span>ll ais fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y for<span class=\"_ _7\"></span>wa<span class=\"_ _4\"></span>rd co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t m162 x1 hb y6c ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R ap<span class=\"_ _4\"></span>plie<span class=\"_ _4\"></span>s hed<span class=\"_ _4\"></span>ge ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>g for all h<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ging r<span class=\"_ _4\"></span>elat<span class=\"_ _4\"></span>ions w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h mee<span class=\"_ _4\"></span>t the c<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>diti<span class=\"_ _4\"></span>ons to a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>ly he<span class=\"_ _4\"></span>dge a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ing</div>\n<div class=\"t m31b x1 hb y6d ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">(for<span class=\"_ _4\"></span>ma<span class=\"_ _4\"></span>l doc<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on an<span class=\"_ _4\"></span>d high e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tive<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>ss at i<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n an<span class=\"_ _4\"></span>d on an o<span class=\"_ _4\"></span>ngo<span class=\"_ _4\"></span>ing b<span class=\"_ _4\"></span>asi<span class=\"_ _4\"></span>s)<span class=\"_ _3\"></span>. Fina<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al ins<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>c<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y6e ff1 fs9 fc2 sc0 ls2 ws3b\" style=\"z-index: 15;\">og<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d ini<span class=\"_ _4\"></span>tiall<span class=\"_ _4\"></span>y at fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>e. Sub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>nt to ini<span class=\"_ _4\"></span>tial r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnit<span class=\"_ _4\"></span>ion, t<span class=\"_ _4\"></span>he ef<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on of c<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>es in f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue of t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m31c x1 hb y6f ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">\ufb01na<span class=\"_ _4\"></span>ncial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s q<span class=\"_ _4\"></span>ualif<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g for he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ing (i.e. c<span class=\"_ _4\"></span>ash \ufb02<span class=\"_ _4\"></span>ow he<span class=\"_ _4\"></span>dge<span class=\"_ _4\"></span>s), is reco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n othe<span class=\"_ _4\"></span>r com<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>nsiv<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 x1 hb y70 ff1 fs9 fc2 sc0 ls2 ws1c\" style=\"z-index: 15;\">inc<span class=\"_ _4\"></span>ome. A<span class=\"_ _4\"></span>ny inef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive p<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s in f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue an<span class=\"_ _4\"></span>d cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s in f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue of \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s n<span class=\"_ _4\"></span>ot qua<span class=\"_ _4\"></span>l<span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y71 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">if<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>ing fo<span class=\"_ _4\"></span>r hed<span class=\"_ _4\"></span>ge a<span class=\"_ _4\"></span>ccou<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>ng are re<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>mme<span class=\"_ _4\"></span>diate<span class=\"_ _4\"></span>ly in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 80px; height: 168px; width: 88%; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag463": {
   "value": "\n<div class=\"t m0 xe h6 y1db ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Derivative \ufb01nancial ins<span class=\"_ _4\"></span>trument<span class=\"_ _4\"></span>s &amp; hedge accounting</div>\n<div class=\"t m19f xe hb y5b ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p hol<span class=\"_ _4\"></span>ds de<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>vat<span class=\"_ _4\"></span>ive \ufb01na<span class=\"_ _4\"></span>ncial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s to h<span class=\"_ _4\"></span>edg<span class=\"_ _4\"></span>e it<span class=\"_ _4\"></span>s fo<span class=\"_ _4\"></span>reign c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y an<span class=\"_ _4\"></span>d inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ra<span class=\"_ _4\"></span>te ri<span class=\"_ _4\"></span>sk ex<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>res. E<span class=\"_ _4\"></span>m<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1a0 xe hb y5c ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">be<span class=\"_ _4\"></span>dd<span class=\"_ _4\"></span>ed d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ivat<span class=\"_ _4\"></span>ives a<span class=\"_ _4\"></span>re se<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d fr<span class=\"_ _4\"></span>om t<span class=\"_ _4\"></span>he hos<span class=\"_ _4\"></span>t co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>t and a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d for s<span class=\"_ _4\"></span>epa<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tely i<span class=\"_ _4\"></span>f the h<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t cont<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t is n<span class=\"_ _4\"></span>ot a</div>\n<div class=\"t m8 xe hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\ufb01na<span class=\"_ _4\"></span>ncial a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et an<span class=\"_ _4\"></span>d cer<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>ain c<span class=\"_ _4\"></span>rit<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ia are me<span class=\"_ _4\"></span>t.</div>\n<div class=\"t m15b xe hb y5e ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Der<span class=\"_ _4\"></span>iv<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ves are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d init<span class=\"_ _4\"></span>ially a<span class=\"_ _4\"></span>t fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e at th<span class=\"_ _4\"></span>e date a d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>tive co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>t is en<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>d into. Su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uent t<span class=\"_ _4\"></span>o init<span class=\"_ _4\"></span>ial</div>\n<div class=\"t m1a1 xe hb y5f ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n, der<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>tive<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d at fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>e and c<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ges t<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>ein ar<span class=\"_ _4\"></span>e gen<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ally re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d in pr<span class=\"_ _4\"></span>o\ufb01t an<span class=\"_ _4\"></span>d los<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m8 xe hb y60 ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p de<span class=\"_ _4\"></span>sign<span class=\"_ _4\"></span>ates c<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>tive<span class=\"_ _4\"></span>s as he<span class=\"_ _4\"></span>dgi<span class=\"_ _4\"></span>ng ins<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s to hed<span class=\"_ _4\"></span>ge t<span class=\"_ _4\"></span>he va<span class=\"_ _4\"></span>ria<span class=\"_ _4\"></span>bilit<span class=\"_ _7\"></span>y in c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ows a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>d</div>\n<div class=\"t m1a2 xe hb y75 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">wit<span class=\"_ _4\"></span>h hig<span class=\"_ _4\"></span>hly pr<span class=\"_ _4\"></span>ob<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e fore<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s ari<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>g fro<span class=\"_ _4\"></span>m ch<span class=\"_ _4\"></span>ange<span class=\"_ _4\"></span>s in fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n exch<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>e ra<span class=\"_ _4\"></span>tes an<span class=\"_ _4\"></span>d inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s and</div>\n<div class=\"t m8 xe hb y76 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">cer<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>ain de<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>vat<span class=\"_ _4\"></span>ives a<span class=\"_ _4\"></span>nd no<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ivat<span class=\"_ _4\"></span>ive \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es as h<span class=\"_ _4\"></span>edg<span class=\"_ _4\"></span>es of fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n exc<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>e ri<span class=\"_ _4\"></span>sk of a ne<span class=\"_ _4\"></span>t inves<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ment i<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 xe hb y1dc ff1 fs9 fc2 sc0 ls18 wsd\" style=\"z-index: 15;\">a foreign oper<span class=\"_ _4\"></span>ation.</div>\n<div class=\"t m1a3 xe hb y77 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">At inc<span class=\"_ _4\"></span>ept<span class=\"_ _4\"></span>ion of d<span class=\"_ _4\"></span>esi<span class=\"_ _4\"></span>gnate<span class=\"_ _4\"></span>d he<span class=\"_ _4\"></span>dge r<span class=\"_ _4\"></span>elat<span class=\"_ _4\"></span>ions<span class=\"_ _4\"></span>hip<span class=\"_ _4\"></span>s, th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p do<span class=\"_ _4\"></span>cum<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>isk m<span class=\"_ _4\"></span>anag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt ob<span class=\"_ _4\"></span>jec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ive an<span class=\"_ _4\"></span>d st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ateg<span class=\"_ _4\"></span>y</div>\n<div class=\"t m71 xe hb y63 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">for u<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ak<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he he<span class=\"_ _4\"></span>dge. T<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up al<span class=\"_ _4\"></span>so do<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts t<span class=\"_ _4\"></span>he e<span class=\"_ _4\"></span>con<span class=\"_ _4\"></span>omic re<span class=\"_ _4\"></span>lati<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>hip b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>we<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he he<span class=\"_ _4\"></span>dge<span class=\"_ _4\"></span>d ite<span class=\"_ _4\"></span>m and</div>\n<div class=\"t m1a4 xe hb y64 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e hed<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>d ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent, i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g whe<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r the c<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ges i<span class=\"_ _4\"></span>n ca<span class=\"_ _4\"></span>sh \ufb02<span class=\"_ _4\"></span>ow of th<span class=\"_ _4\"></span>e hed<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>d item a<span class=\"_ _4\"></span>nd he<span class=\"_ _4\"></span>dgi<span class=\"_ _4\"></span>ng in<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>nt</div>\n<div class=\"t m8 xe hb y65 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">are ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to of<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et eac<span class=\"_ _4\"></span>h oth<span class=\"_ _4\"></span>er<span class=\"_ _1\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 311px; height: 243px; width: 88%; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag460": {
   "value": "\n<div class=\"t m0 x1 h6 y1d6 ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Cas<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _1\"></span> hedges</div>\n<div class=\"t m1a5 x1 hb y7f ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en a d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ivat<span class=\"_ _4\"></span>ive is d<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>ignat<span class=\"_ _4\"></span>ed as a c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow h<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ging i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent, t<span class=\"_ _4\"></span>he ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive p<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of ch<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>es in t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>l<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1a6 x1 hb y43 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">ue of t<span class=\"_ _4\"></span>he de<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>vati<span class=\"_ _4\"></span>ve is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d in OCI a<span class=\"_ _4\"></span>nd ac<span class=\"_ _4\"></span>cum<span class=\"_ _4\"></span>ulate<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he he<span class=\"_ _4\"></span>dgi<span class=\"_ _4\"></span>ng re<span class=\"_ _4\"></span>ser<span class=\"_ _7\"></span>ve. The e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tive p<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of ch<span class=\"_ _4\"></span>ange<span class=\"_ _4\"></span>s</div>\n<div class=\"t m1a7 x1 hb y80 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">in th<span class=\"_ _4\"></span>e fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e of the d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>tive t<span class=\"_ _4\"></span>hat is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d in OCI i<span class=\"_ _4\"></span>s limite<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e cu<span class=\"_ _4\"></span>mulat<span class=\"_ _4\"></span>ive ch<span class=\"_ _4\"></span>ange i<span class=\"_ _4\"></span>n fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e of the</div>\n<div class=\"t m1a8 x1 hb y81 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">he<span class=\"_ _4\"></span>dge<span class=\"_ _4\"></span>d ite<span class=\"_ _4\"></span>m, deter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>ned o<span class=\"_ _4\"></span>n a pr<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>nt val<span class=\"_ _4\"></span>ue ba<span class=\"_ _4\"></span>sis<span class=\"_ _4\"></span>. Any in<span class=\"_ _4\"></span>ef<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve por<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of ch<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>es in t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue of t<span class=\"_ _4\"></span>he de<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1a9 x1 hb y82 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">ri<span class=\"_ _4\"></span>vat<span class=\"_ _4\"></span>ive is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d imm<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>iatel<span class=\"_ _4\"></span>y in pr<span class=\"_ _4\"></span>o\ufb01t or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s. T<span class=\"_ _4\"></span>he amo<span class=\"_ _4\"></span>unt a<span class=\"_ _4\"></span>ccu<span class=\"_ _4\"></span>mula<span class=\"_ _4\"></span>ted i<span class=\"_ _4\"></span>n the h<span class=\"_ _4\"></span>edg<span class=\"_ _4\"></span>ing re<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ve a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t of</div>\n<div class=\"t m1aa x1 hb y83 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">the h<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ging r<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ve is r<span class=\"_ _4\"></span>ecla<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>i\ufb01e<span class=\"_ _4\"></span>d to pro<span class=\"_ _4\"></span>\ufb01t or lo<span class=\"_ _4\"></span>ss i<span class=\"_ _4\"></span>n the s<span class=\"_ _4\"></span>am<span class=\"_ _4\"></span>e per<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>d or pe<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ods d<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing w<span class=\"_ _4\"></span>hich t<span class=\"_ _4\"></span>he he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e exp<span class=\"_ _4\"></span>ec<span class=\"_ _7\"></span>ted</div>\n<div class=\"t m8 x1 hb y84 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">fu<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>sh \ufb02o<span class=\"_ _4\"></span>ws af<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>t pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>.</div>\n<div class=\"t m1ab x1 hb y85 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">If th<span class=\"_ _4\"></span>e he<span class=\"_ _4\"></span>dge n<span class=\"_ _4\"></span>o lon<span class=\"_ _4\"></span>ger m<span class=\"_ _4\"></span>eet<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>he cr<span class=\"_ _4\"></span>ite<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>a for he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ing o<span class=\"_ _4\"></span>r the h<span class=\"_ _4\"></span>edg<span class=\"_ _4\"></span>ing i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent is s<span class=\"_ _4\"></span>ol<span class=\"_ _4\"></span>d, exp<span class=\"_ _4\"></span>ires, i<span class=\"_ _4\"></span>s ter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1ac x1 hb y86 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">nate<span class=\"_ _4\"></span>d or is exe<span class=\"_ _4\"></span>rci<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d, the<span class=\"_ _4\"></span>n hed<span class=\"_ _4\"></span>ge ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nting i<span class=\"_ _4\"></span>s dis<span class=\"_ _4\"></span>con<span class=\"_ _4\"></span>tinu<span class=\"_ _4\"></span>ed p<span class=\"_ _4\"></span>ros<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tive<span class=\"_ _4\"></span>ly<span class=\"_ _3\"></span>. Wh<span class=\"_ _4\"></span>en he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng for c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow</div>\n<div class=\"t m1ad x1 hb y87 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">he<span class=\"_ _4\"></span>dge<span class=\"_ _4\"></span>s is di<span class=\"_ _4\"></span>sco<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>nue<span class=\"_ _4\"></span>d, any gain o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n othe<span class=\"_ _4\"></span>r com<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>ve inco<span class=\"_ _4\"></span>me a<span class=\"_ _4\"></span>nd acc<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ulate<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ash</div>\n<div class=\"t m1ae x1 hb y8c ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">\ufb02ow he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e res<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>ve at tha<span class=\"_ _4\"></span>t tim<span class=\"_ _4\"></span>e rema<span class=\"_ _4\"></span>ins in e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y an<span class=\"_ _4\"></span>d is rec<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed to p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s w<span class=\"_ _4\"></span>hen t<span class=\"_ _4\"></span>he for<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>ted t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1af x1 hb y88 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">tio<span class=\"_ _4\"></span>n occ<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>s. W<span class=\"_ _4\"></span>hen a f<span class=\"_ _4\"></span>ore<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ed tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>sa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n is no lo<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>r ex<span class=\"_ _4\"></span>pec<span class=\"_ _7\"></span>ted to o<span class=\"_ _4\"></span>cc<span class=\"_ _4\"></span>ur<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he gai<span class=\"_ _4\"></span>n or los<span class=\"_ _4\"></span>s ac<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>mulat<span class=\"_ _4\"></span>ed in t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h</div>\n<div class=\"t m8 x1 hb y89 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\ufb02ow he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e res<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>ve is im<span class=\"_ _4\"></span>med<span class=\"_ _4\"></span>iatel<span class=\"_ _4\"></span>y rec<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed to p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 888px; height: 243px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 xe h6 y1bb ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Hedging reserve</div>\n<div class=\"t m2c1 xe hb y86 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e hed<span class=\"_ _4\"></span>ging r<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ve co<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>ris<span class=\"_ _4\"></span>es t<span class=\"_ _4\"></span>he ef<span class=\"_ _7\"></span>fec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ive p<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion of t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>umul<span class=\"_ _4\"></span>ative n<span class=\"_ _4\"></span>et ch<span class=\"_ _4\"></span>ange i<span class=\"_ _4\"></span>n the f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue of c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow</div>\n<div class=\"t m8 xe hb y87 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">he<span class=\"_ _4\"></span>dgin<span class=\"_ _4\"></span>g ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>d to t<span class=\"_ _4\"></span>he he<span class=\"_ _4\"></span>dge<span class=\"_ _4\"></span>d tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>sac<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>ns tha<span class=\"_ _4\"></span>t have not yet o<span class=\"_ _4\"></span>cc<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>.</div>\n<div class=\"t m2e3 xe hb y8c ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">In ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain of o<span class=\"_ _4\"></span>ur eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es, int<span class=\"_ _4\"></span>eres<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate s<span class=\"_ _4\"></span>wa<span class=\"_ _4\"></span>ps (IRS<span class=\"_ _4\"></span>) co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s have b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n clos<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>o cover t<span class=\"_ _4\"></span>heir</div>\n<div class=\"t m8 xe hb y88 ff1 fs9 fc2 sc0 ls17 ws2c\" style=\"z-index: 15;\">exp<span class=\"_ _4\"></span>osure on va<span class=\"_ _4\"></span>riable inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t rates.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 905px; height: 94px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x1 h2 y7f ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">Interest risk policy</div>\n<div class=\"t m328 x1 hb y43 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t-b<span class=\"_ _4\"></span>ear<span class=\"_ _4\"></span>ing lo<span class=\"_ _4\"></span>ans ar<span class=\"_ _4\"></span>e mainl<span class=\"_ _4\"></span>y neg<span class=\"_ _4\"></span>otiat<span class=\"_ _4\"></span>ed wi<span class=\"_ _4\"></span>th v<span class=\"_ _4\"></span>ari<span class=\"_ _4\"></span>able i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ra<span class=\"_ _4\"></span>tes. I<span class=\"_ _4\"></span>n ord<span class=\"_ _4\"></span>er to mo<span class=\"_ _4\"></span>nito<span class=\"_ _4\"></span>r thi<span class=\"_ _4\"></span>s inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ri<span class=\"_ _4\"></span>sk<span class=\"_ _4\"></span>,</div>\n<div class=\"t m271 x1 hb y80 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p makes u<span class=\"_ _4\"></span>se of in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>st h<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ging i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s availa<span class=\"_ _4\"></span>ble o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e mar<span class=\"_ _4\"></span>ket whe<span class=\"_ _4\"></span>n man<span class=\"_ _4\"></span>age<span class=\"_ _4\"></span>ment i<span class=\"_ _4\"></span>s of the o<span class=\"_ _4\"></span>pin<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y81 ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">ion t<span class=\"_ _4\"></span>hat i<span class=\"_ _4\"></span>t is favo<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ble to d<span class=\"_ _4\"></span>o so. Fo<span class=\"_ _4\"></span>r the m<span class=\"_ _4\"></span>ome<span class=\"_ _4\"></span>nt, no i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t rat<span class=\"_ _4\"></span>e sw<span class=\"_ _4\"></span>aps ex<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t wi<span class=\"_ _4\"></span>thi<span class=\"_ _4\"></span>n our s<span class=\"_ _4\"></span>ubs<span class=\"_ _4\"></span>idia<span class=\"_ _4\"></span>rie<span class=\"_ _4\"></span>s. O<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e othe<span class=\"_ _4\"></span>r</div>\n<div class=\"t mce x1 hb y82 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">han<span class=\"_ _4\"></span>d, dif<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>t inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ra<span class=\"_ _4\"></span>te sw<span class=\"_ _4\"></span>aps ex<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t wi<span class=\"_ _4\"></span>thin o<span class=\"_ _4\"></span>ur e<span class=\"_ _4\"></span>quit<span class=\"_ _7\"></span>y acco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es. T<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup a<span class=\"_ _4\"></span>ppli<span class=\"_ _4\"></span>es he<span class=\"_ _4\"></span>dge a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unt</div>\n<div class=\"t m1c x14 hb y82 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y83 ff1 fs9 fc2 sc0 ls2 ws12\" style=\"z-index: 15;\">ing w<span class=\"_ _4\"></span>hen t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>ns to ap<span class=\"_ _4\"></span>pl<span class=\"_ _4\"></span>y hed<span class=\"_ _4\"></span>ge ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>g are me<span class=\"_ _4\"></span>t. In c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>e no he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng is a<span class=\"_ _4\"></span>ppl<span class=\"_ _4\"></span>ied, t<span class=\"_ _4\"></span>he cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x1 hb y20b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">in f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>rde<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>tem<span class=\"_ _4\"></span>ent of p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 987px; height: 119px; width: 86%; z-index: 6;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag442": {
   "value": "\n<div><br/></div>\n\n<div></div>\n<div class=\"t m0 x1 h13 y8b ff3 fs4 fc0 sc0 ls4a ws50\" style=\"z-index: 15;\">D.<span class=\"_ _4\"></span> <span class=\"_ _11\"> </span><span class=\"ls4b ws51\">G<span class=\"_ _4\"></span>OO<span class=\"_ _4\"></span>DWI<span class=\"_ _4\"></span>LL</span></div>\n<div class=\"t m8 x1 hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Goo<span class=\"_ _4\"></span>dw<span class=\"_ _4\"></span>ill ar<span class=\"_ _4\"></span>isi<span class=\"_ _4\"></span>ng up<span class=\"_ _4\"></span>on t<span class=\"_ _4\"></span>he ac<span class=\"_ _4\"></span>quis<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>on of s<span class=\"_ _4\"></span>ubs<span class=\"_ _4\"></span>idia<span class=\"_ _4\"></span>rie<span class=\"_ _4\"></span>s is in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>ded i<span class=\"_ _4\"></span>n int<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>ible a<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m1b0 x1 hb y4c ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">For t<span class=\"_ _4\"></span>he mea<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt of go<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>will a<span class=\"_ _4\"></span>t init<span class=\"_ _4\"></span>ial re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on, we ref<span class=\"_ _4\"></span>er to t<span class=\"_ _4\"></span>he acc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ting p<span class=\"_ _4\"></span>oli<span class=\"_ _4\"></span>cy \u201cB<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>mbi<span class=\"_ _4\"></span>natio<span class=\"_ _4\"></span>n\u201d</div>\n<div class=\"t m8 x1 hb y4d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">und<span class=\"_ _4\"></span>er A<span class=\"_ _4\"></span>. Ba<span class=\"_ _4\"></span>sis of c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>olid<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n.</div>\n<div class=\"t m8 x1 hb y1a5 ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">Sub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>entl<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>, go<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>will i<span class=\"_ _4\"></span>s meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at co<span class=\"_ _4\"></span>st l<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s acc<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ulate<span class=\"_ _4\"></span>d imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es (se<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ing p<span class=\"_ _4\"></span>olic<span class=\"_ _4\"></span>y G. I<span class=\"_ _4\"></span>mpai<span class=\"_ _4\"></span>r</div>\n<div class=\"t m8 x14 hb y4e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y72 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t of as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s).</div>\n<div class=\"t m1b1 x1 hb y4f ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">In re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t of e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s, th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt of g<span class=\"_ _4\"></span>oo<span class=\"_ _4\"></span>dwi<span class=\"_ _4\"></span>ll is inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n the c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt of</div>\n<div class=\"t m1b2 x1 hb y50 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent an<span class=\"_ _4\"></span>d an im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt lo<span class=\"_ _4\"></span>ss o<span class=\"_ _4\"></span>n suc<span class=\"_ _4\"></span>h an inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt is allo<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ated to t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>ing am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>t of the e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y51 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">cou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>tee a<span class=\"_ _4\"></span>s a wh<span class=\"_ _4\"></span>ole.</div>\n\n<div></div>\n<div class=\"t m0 x1 h13 y54 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">E. <span class=\"_ _b9\"> </span><span class=\"ls4c ws52\">INT<span class=\"_ _1\"></span>AN<span class=\"_ _4\"></span>GIBLE ASSETS</span></div>\n\n<div class=\"t m0 x1 h6 y1dd ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Research and<span class=\"_ _3\"></span> dev<span class=\"_ _1\"></span>elopment</div>\n<div class=\"t m8 x1 hb y57 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ure o<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>earc<span class=\"_ _4\"></span>h ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s, und<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>ta<span class=\"_ _4\"></span>ken wit<span class=\"_ _4\"></span>h th<span class=\"_ _4\"></span>e pro<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t of g<span class=\"_ _4\"></span>aini<span class=\"_ _4\"></span>ng new s<span class=\"_ _4\"></span>cie<span class=\"_ _4\"></span>nti\ufb01<span class=\"_ _4\"></span>c or te<span class=\"_ _4\"></span>chni<span class=\"_ _4\"></span>cal k<span class=\"_ _4\"></span>no<span class=\"_ _4\"></span>wle<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 x1 hb y1de ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">and u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g, is rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s as in<span class=\"_ _4\"></span>cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m1b3 x1 hb y59 ff1 fs9 fc2 sc0 ls23 wsf\" style=\"z-index: 15;\">Deve<span class=\"_ _4\"></span>lop<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>vit<span class=\"_ _4\"></span>ies i<span class=\"_ _4\"></span>nvolve a p<span class=\"_ _4\"></span>lan o<span class=\"_ _4\"></span>r des<span class=\"_ _4\"></span>ign fo<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e pro<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of new o<span class=\"_ _4\"></span>r sub<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ntial<span class=\"_ _4\"></span>ly new i<span class=\"_ _4\"></span>mpr<span class=\"_ _4\"></span>oved p<span class=\"_ _4\"></span>rod</div>\n<div class=\"t m1b4 x14 hb y59 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m1b5 x1 hb y5a ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd pr<span class=\"_ _4\"></span>oce<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>. Devel<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s are c<span class=\"_ _4\"></span>ap<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>alize<span class=\"_ _4\"></span>d onl<span class=\"_ _4\"></span>y if t<span class=\"_ _4\"></span>he deve<span class=\"_ _4\"></span>lop<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt cos<span class=\"_ _4\"></span>t c<span class=\"_ _4\"></span>an b<span class=\"_ _4\"></span>e mea<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>ed re<span class=\"_ _4\"></span>liab<span class=\"_ _4\"></span>ly<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m1b6 x1 hb y5b ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t or p<span class=\"_ _4\"></span>roce<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s is tec<span class=\"_ _4\"></span>hnic<span class=\"_ _4\"></span>all<span class=\"_ _4\"></span>y and c<span class=\"_ _4\"></span>omm<span class=\"_ _4\"></span>erci<span class=\"_ _4\"></span>ally fea<span class=\"_ _4\"></span>sib<span class=\"_ _4\"></span>le, fut<span class=\"_ _4\"></span>ure e<span class=\"_ _4\"></span>con<span class=\"_ _4\"></span>omic b<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>e\ufb01t<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e pro<span class=\"_ _4\"></span>bab<span class=\"_ _4\"></span>le an<span class=\"_ _4\"></span>d the G<span class=\"_ _4\"></span>roup</div>\n<div class=\"t m1b7 x1 hb y5c ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">inte<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>s to an<span class=\"_ _4\"></span>d has su<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>ient r<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>our<span class=\"_ _4\"></span>ces to c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>lete d<span class=\"_ _4\"></span>evel<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>ment a<span class=\"_ _4\"></span>nd to u<span class=\"_ _4\"></span>se or s<span class=\"_ _4\"></span>ell t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et. O<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>her<span class=\"_ _7\"></span>wis<span class=\"_ _4\"></span>e, it is re<span class=\"_ _4\"></span>c<span class=\"ws2\">-</span></div>\n<div class=\"t m1b8 x1 hb y5d ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">og<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d in p<span class=\"_ _4\"></span>ro\ufb01t or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s as in<span class=\"_ _4\"></span>cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d. C<span class=\"_ _4\"></span>apit<span class=\"_ _4\"></span>ali<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d devel<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>ment e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>itu<span class=\"_ _4\"></span>re is m<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>red a<span class=\"_ _4\"></span>t cos<span class=\"_ _4\"></span>t le<span class=\"_ _4\"></span>ss a<span class=\"_ _4\"></span>ccu<span class=\"_ _4\"></span>mulat<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m8 x1 hb y5e ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">amor<span class=\"_ _4\"></span>tisation and accumul<span class=\"_ _3\"></span>ated impa<span class=\"_ _3\"></span>irment losses.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 459px; height: 161px; width: 86%; z-index: 6;\"></div>\n\n<div class=\"t m0 x1 h6 y1df ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Other intangible asset<span class=\"_ _4\"></span>s</div>\n<div class=\"t m1b9 x1 hb y76 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">O<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r int<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>ible a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s (e.g. sof<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>are,<span class=\"_ _3\"></span>\u2026<span class=\"_ _3\"></span>) acq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d by th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up th<span class=\"_ _4\"></span>at have \ufb01ni<span class=\"_ _4\"></span>te us<span class=\"_ _4\"></span>efu<span class=\"_ _4\"></span>l lives a<span class=\"_ _4\"></span>re mea<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>ed at co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t</div>\n<div class=\"t m1ba x1 hb y61 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">les<span class=\"_ _4\"></span>s ac<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>mulat<span class=\"_ _4\"></span>ed am<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns an<span class=\"_ _4\"></span>d acc<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ulate<span class=\"_ _4\"></span>d imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es. T<span class=\"_ _4\"></span>he a<span class=\"_ _4\"></span>mor<span class=\"_ _7\"></span>tis<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on is r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnize<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he pr<span class=\"_ _4\"></span>o\ufb01t or<span class=\"_ _4\"></span> </div>\n<div class=\"t m1bb x1 hb y77 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">los<span class=\"_ _4\"></span>s s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>teme<span class=\"_ _4\"></span>nt, an<span class=\"_ _4\"></span>d is s<span class=\"_ _4\"></span>prea<span class=\"_ _4\"></span>d over th<span class=\"_ _4\"></span>e use<span class=\"_ _4\"></span>ful li<span class=\"_ _4\"></span>fe of t<span class=\"_ _4\"></span>he rele<span class=\"_ _4\"></span>vant i<span class=\"_ _4\"></span>nta<span class=\"_ _4\"></span>ngib<span class=\"_ _4\"></span>le as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s follow<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>aig<span class=\"_ _4\"></span>ht-lin<span class=\"_ _4\"></span>e dep<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m1bc x1 hb y63 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">ciat<span class=\"_ _4\"></span>ion m<span class=\"_ _4\"></span>eth<span class=\"_ _4\"></span>od. T<span class=\"_ _4\"></span>he am<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>iza<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n st<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>s fro<span class=\"_ _4\"></span>m th<span class=\"_ _4\"></span>e date t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>hey are av<span class=\"_ _4\"></span>ailab<span class=\"_ _4\"></span>le for u<span class=\"_ _4\"></span>se. A<span class=\"_ _4\"></span>mor<span class=\"_ _7\"></span>tiz<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>ds, u<span class=\"_ _4\"></span>sef<span class=\"_ _4\"></span>ul</div>\n<div class=\"t m8 x1 hb y64 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">live<span class=\"_ _4\"></span>s and re<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>dual v<span class=\"_ _4\"></span>alue<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>viewe<span class=\"_ _4\"></span>d at ea<span class=\"_ _4\"></span>ch \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al year-<span class=\"_ _4\"></span>end a<span class=\"_ _4\"></span>nd ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d if ap<span class=\"_ _4\"></span>pro<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>iate.</div>\n<div class=\"t m1bd x1 hb y65 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Int<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>ible a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s wi<span class=\"_ _4\"></span>th an i<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>e\ufb01nit<span class=\"_ _4\"></span>e use<span class=\"_ _4\"></span>ful li<span class=\"_ _4\"></span>fe or t<span class=\"_ _4\"></span>hat are n<span class=\"_ _4\"></span>ot yet avail<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e for us<span class=\"_ _4\"></span>e, are sub<span class=\"_ _4\"></span>jec<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>o an ann<span class=\"_ _4\"></span>ual im<span class=\"_ _4\"></span>pair<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y79 ff1 fs9 fc2 sc0 ls17 ws2c\" style=\"z-index: 15;\">ment tes<span class=\"_ _4\"></span>t.</div>\n<div class=\"t m0 x1 h6 y1e0 ff2 fs4 fc1 sc0 ls4d ws53\" style=\"z-index: 15;\">Subsequent<span class=\"_ _1\"></span> expenditure</div>\n<div class=\"t m31 x1 hb y69 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Sub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>ent ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e is c<span class=\"_ _4\"></span>api<span class=\"_ _4\"></span>tal<span class=\"_ _4\"></span>ized o<span class=\"_ _4\"></span>nly w<span class=\"_ _4\"></span>hen i<span class=\"_ _4\"></span>t inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>es t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>utu<span class=\"_ _4\"></span>re ec<span class=\"_ _4\"></span>ono<span class=\"_ _4\"></span>mic b<span class=\"_ _4\"></span>ene\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s emb<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>ied i<span class=\"_ _4\"></span>n the s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ci\ufb01<span class=\"_ _4\"></span>c</div>\n<div class=\"t m8 x1 hb y6a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>o whic<span class=\"_ _4\"></span>h it re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>s. All o<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r ex<span class=\"_ _4\"></span>pen<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ure i<span class=\"_ _4\"></span>s rec<span class=\"_ _4\"></span>ogni<span class=\"_ _4\"></span>zed in p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>t or los<span class=\"_ _4\"></span>s as i<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>red.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 212px; height: 449px; width: 88%; z-index: 5;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 212px; height: 647px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 690px; height: 169px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag477": {
   "value": "\n<div></div>\n<div class=\"t m0 x1 h13 y8b ff3 fs4 fc0 sc0 ls4a ws50\" style=\"z-index: 15;\">D.<span class=\"_ _4\"></span> <span class=\"_ _11\"> </span><span class=\"ls4b ws51\">G<span class=\"_ _4\"></span>OO<span class=\"_ _4\"></span>DWI<span class=\"_ _4\"></span>LL</span></div>\n<div class=\"t m8 x1 hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Goo<span class=\"_ _4\"></span>dw<span class=\"_ _4\"></span>ill ar<span class=\"_ _4\"></span>isi<span class=\"_ _4\"></span>ng up<span class=\"_ _4\"></span>on t<span class=\"_ _4\"></span>he ac<span class=\"_ _4\"></span>quis<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>on of s<span class=\"_ _4\"></span>ubs<span class=\"_ _4\"></span>idia<span class=\"_ _4\"></span>rie<span class=\"_ _4\"></span>s is in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>ded i<span class=\"_ _4\"></span>n int<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>ible a<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m1b0 x1 hb y4c ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">For t<span class=\"_ _4\"></span>he mea<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt of go<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>will a<span class=\"_ _4\"></span>t init<span class=\"_ _4\"></span>ial re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on, we ref<span class=\"_ _4\"></span>er to t<span class=\"_ _4\"></span>he acc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ting p<span class=\"_ _4\"></span>oli<span class=\"_ _4\"></span>cy \u201cB<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>mbi<span class=\"_ _4\"></span>natio<span class=\"_ _4\"></span>n\u201d</div>\n<div class=\"t m8 x1 hb y4d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">und<span class=\"_ _4\"></span>er A<span class=\"_ _4\"></span>. Ba<span class=\"_ _4\"></span>sis of c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>olid<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n.</div>\n<div class=\"t m8 x1 hb y1a5 ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">Sub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>entl<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>, go<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>will i<span class=\"_ _4\"></span>s meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at co<span class=\"_ _4\"></span>st l<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s acc<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ulate<span class=\"_ _4\"></span>d imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es (se<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ing p<span class=\"_ _4\"></span>olic<span class=\"_ _4\"></span>y G. I<span class=\"_ _4\"></span>mpai<span class=\"_ _4\"></span>r</div>\n<div class=\"t m8 x14 hb y4e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y72 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t of as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s).</div>\n<div class=\"t m1b1 x1 hb y4f ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">In re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t of e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s, th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt of g<span class=\"_ _4\"></span>oo<span class=\"_ _4\"></span>dwi<span class=\"_ _4\"></span>ll is inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n the c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt of</div>\n<div class=\"t m1b2 x1 hb y50 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent an<span class=\"_ _4\"></span>d an im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt lo<span class=\"_ _4\"></span>ss o<span class=\"_ _4\"></span>n suc<span class=\"_ _4\"></span>h an inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt is allo<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ated to t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>ing am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>t of the e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y51 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">cou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>tee a<span class=\"_ _4\"></span>s a wh<span class=\"_ _4\"></span>ole.</div>\n\n<div></div>\n<div class=\"t m0 x1 h13 y54 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">E. <span class=\"_ _b9\"> </span><span class=\"ls4c ws52\">INT<span class=\"_ _1\"></span>AN<span class=\"_ _4\"></span>GIBLE ASSETS</span></div>\n\n<div class=\"t m0 x1 h6 y1dd ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Research and<span class=\"_ _3\"></span> dev<span class=\"_ _1\"></span>elopment</div>\n<div class=\"t m8 x1 hb y57 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ure o<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>earc<span class=\"_ _4\"></span>h ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s, und<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>ta<span class=\"_ _4\"></span>ken wit<span class=\"_ _4\"></span>h th<span class=\"_ _4\"></span>e pro<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t of g<span class=\"_ _4\"></span>aini<span class=\"_ _4\"></span>ng new s<span class=\"_ _4\"></span>cie<span class=\"_ _4\"></span>nti\ufb01<span class=\"_ _4\"></span>c or te<span class=\"_ _4\"></span>chni<span class=\"_ _4\"></span>cal k<span class=\"_ _4\"></span>no<span class=\"_ _4\"></span>wle<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 x1 hb y1de ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">and u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g, is rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s as in<span class=\"_ _4\"></span>cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m1b3 x1 hb y59 ff1 fs9 fc2 sc0 ls23 wsf\" style=\"z-index: 15;\">Deve<span class=\"_ _4\"></span>lop<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>vit<span class=\"_ _4\"></span>ies i<span class=\"_ _4\"></span>nvolve a p<span class=\"_ _4\"></span>lan o<span class=\"_ _4\"></span>r des<span class=\"_ _4\"></span>ign fo<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e pro<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of new o<span class=\"_ _4\"></span>r sub<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ntial<span class=\"_ _4\"></span>ly new i<span class=\"_ _4\"></span>mpr<span class=\"_ _4\"></span>oved p<span class=\"_ _4\"></span>rod</div>\n<div class=\"t m1b4 x14 hb y59 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m1b5 x1 hb y5a ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd pr<span class=\"_ _4\"></span>oce<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>. Devel<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s are c<span class=\"_ _4\"></span>ap<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>alize<span class=\"_ _4\"></span>d onl<span class=\"_ _4\"></span>y if t<span class=\"_ _4\"></span>he deve<span class=\"_ _4\"></span>lop<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt cos<span class=\"_ _4\"></span>t c<span class=\"_ _4\"></span>an b<span class=\"_ _4\"></span>e mea<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>ed re<span class=\"_ _4\"></span>liab<span class=\"_ _4\"></span>ly<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m1b6 x1 hb y5b ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t or p<span class=\"_ _4\"></span>roce<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s is tec<span class=\"_ _4\"></span>hnic<span class=\"_ _4\"></span>all<span class=\"_ _4\"></span>y and c<span class=\"_ _4\"></span>omm<span class=\"_ _4\"></span>erci<span class=\"_ _4\"></span>ally fea<span class=\"_ _4\"></span>sib<span class=\"_ _4\"></span>le, fut<span class=\"_ _4\"></span>ure e<span class=\"_ _4\"></span>con<span class=\"_ _4\"></span>omic b<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>e\ufb01t<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e pro<span class=\"_ _4\"></span>bab<span class=\"_ _4\"></span>le an<span class=\"_ _4\"></span>d the G<span class=\"_ _4\"></span>roup</div>\n<div class=\"t m1b7 x1 hb y5c ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">inte<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>s to an<span class=\"_ _4\"></span>d has su<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>ient r<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>our<span class=\"_ _4\"></span>ces to c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>lete d<span class=\"_ _4\"></span>evel<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>ment a<span class=\"_ _4\"></span>nd to u<span class=\"_ _4\"></span>se or s<span class=\"_ _4\"></span>ell t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et. O<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>her<span class=\"_ _7\"></span>wis<span class=\"_ _4\"></span>e, it is re<span class=\"_ _4\"></span>c<span class=\"ws2\">-</span></div>\n<div class=\"t m1b8 x1 hb y5d ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">og<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d in p<span class=\"_ _4\"></span>ro\ufb01t or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s as in<span class=\"_ _4\"></span>cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d. C<span class=\"_ _4\"></span>apit<span class=\"_ _4\"></span>ali<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d devel<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>ment e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>itu<span class=\"_ _4\"></span>re is m<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>red a<span class=\"_ _4\"></span>t cos<span class=\"_ _4\"></span>t le<span class=\"_ _4\"></span>ss a<span class=\"_ _4\"></span>ccu<span class=\"_ _4\"></span>mulat<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m8 x1 hb y5e ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">amor<span class=\"_ _4\"></span>tisation and accumul<span class=\"_ _3\"></span>ated impa<span class=\"_ _3\"></span>irment losses.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 459px; height: 161px; width: 86%; z-index: 6;\"></div>\n\n<div class=\"t m0 x1 h6 y1df ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Other intangible asset<span class=\"_ _4\"></span>s</div>\n<div class=\"t m1b9 x1 hb y76 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">O<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r int<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>ible a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s (e.g. sof<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>are,<span class=\"_ _3\"></span>\u2026<span class=\"_ _3\"></span>) acq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d by th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up th<span class=\"_ _4\"></span>at have \ufb01ni<span class=\"_ _4\"></span>te us<span class=\"_ _4\"></span>efu<span class=\"_ _4\"></span>l lives a<span class=\"_ _4\"></span>re mea<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>ed at co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t</div>\n<div class=\"t m1ba x1 hb y61 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">les<span class=\"_ _4\"></span>s ac<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>mulat<span class=\"_ _4\"></span>ed am<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns an<span class=\"_ _4\"></span>d acc<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ulate<span class=\"_ _4\"></span>d imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es. T<span class=\"_ _4\"></span>he a<span class=\"_ _4\"></span>mor<span class=\"_ _7\"></span>tis<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on is r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnize<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he pr<span class=\"_ _4\"></span>o\ufb01t or<span class=\"_ _4\"></span> </div>\n<div class=\"t m1bb x1 hb y77 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">los<span class=\"_ _4\"></span>s s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>teme<span class=\"_ _4\"></span>nt, an<span class=\"_ _4\"></span>d is s<span class=\"_ _4\"></span>prea<span class=\"_ _4\"></span>d over th<span class=\"_ _4\"></span>e use<span class=\"_ _4\"></span>ful li<span class=\"_ _4\"></span>fe of t<span class=\"_ _4\"></span>he rele<span class=\"_ _4\"></span>vant i<span class=\"_ _4\"></span>nta<span class=\"_ _4\"></span>ngib<span class=\"_ _4\"></span>le as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s follow<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>aig<span class=\"_ _4\"></span>ht-lin<span class=\"_ _4\"></span>e dep<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m1bc x1 hb y63 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">ciat<span class=\"_ _4\"></span>ion m<span class=\"_ _4\"></span>eth<span class=\"_ _4\"></span>od. T<span class=\"_ _4\"></span>he am<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>iza<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n st<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>s fro<span class=\"_ _4\"></span>m th<span class=\"_ _4\"></span>e date t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>hey are av<span class=\"_ _4\"></span>ailab<span class=\"_ _4\"></span>le for u<span class=\"_ _4\"></span>se. A<span class=\"_ _4\"></span>mor<span class=\"_ _7\"></span>tiz<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>ds, u<span class=\"_ _4\"></span>sef<span class=\"_ _4\"></span>ul</div>\n<div class=\"t m8 x1 hb y64 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">live<span class=\"_ _4\"></span>s and re<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>dual v<span class=\"_ _4\"></span>alue<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>viewe<span class=\"_ _4\"></span>d at ea<span class=\"_ _4\"></span>ch \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al year-<span class=\"_ _4\"></span>end a<span class=\"_ _4\"></span>nd ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d if ap<span class=\"_ _4\"></span>pro<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>iate.</div>\n<div class=\"t m1bd x1 hb y65 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Int<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>ible a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s wi<span class=\"_ _4\"></span>th an i<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>e\ufb01nit<span class=\"_ _4\"></span>e use<span class=\"_ _4\"></span>ful li<span class=\"_ _4\"></span>fe or t<span class=\"_ _4\"></span>hat are n<span class=\"_ _4\"></span>ot yet avail<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e for us<span class=\"_ _4\"></span>e, are sub<span class=\"_ _4\"></span>jec<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>o an ann<span class=\"_ _4\"></span>ual im<span class=\"_ _4\"></span>pair<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y79 ff1 fs9 fc2 sc0 ls17 ws2c\" style=\"z-index: 15;\">ment tes<span class=\"_ _4\"></span>t.</div>\n<div class=\"t m0 x1 h6 y1e0 ff2 fs4 fc1 sc0 ls4d ws53\" style=\"z-index: 15;\">Subsequent<span class=\"_ _1\"></span> expenditure</div>\n<div class=\"t m31 x1 hb y69 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Sub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>ent ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e is c<span class=\"_ _4\"></span>api<span class=\"_ _4\"></span>tal<span class=\"_ _4\"></span>ized o<span class=\"_ _4\"></span>nly w<span class=\"_ _4\"></span>hen i<span class=\"_ _4\"></span>t inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>es t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>utu<span class=\"_ _4\"></span>re ec<span class=\"_ _4\"></span>ono<span class=\"_ _4\"></span>mic b<span class=\"_ _4\"></span>ene\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s emb<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>ied i<span class=\"_ _4\"></span>n the s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ci\ufb01<span class=\"_ _4\"></span>c</div>\n<div class=\"t m8 x1 hb y6a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>o whic<span class=\"_ _4\"></span>h it re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>s. All o<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r ex<span class=\"_ _4\"></span>pen<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ure i<span class=\"_ _4\"></span>s rec<span class=\"_ _4\"></span>ogni<span class=\"_ _4\"></span>zed in p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>t or los<span class=\"_ _4\"></span>s as i<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>red.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 212px; height: 449px; width: 88%; z-index: 5;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 212px; height: 647px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag482": {
   "value": "\n<div></div>\n<div class=\"t m0 x1 h13 y54 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">E. <span class=\"_ _b9\"> </span><span class=\"ls4c ws52\">INT<span class=\"_ _1\"></span>AN<span class=\"_ _4\"></span>GIBLE ASSETS</span></div>\n\n<div class=\"t m0 x1 h6 y1dd ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Research and<span class=\"_ _3\"></span> dev<span class=\"_ _1\"></span>elopment</div>\n<div class=\"t m8 x1 hb y57 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ure o<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>earc<span class=\"_ _4\"></span>h ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s, und<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>ta<span class=\"_ _4\"></span>ken wit<span class=\"_ _4\"></span>h th<span class=\"_ _4\"></span>e pro<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t of g<span class=\"_ _4\"></span>aini<span class=\"_ _4\"></span>ng new s<span class=\"_ _4\"></span>cie<span class=\"_ _4\"></span>nti\ufb01<span class=\"_ _4\"></span>c or te<span class=\"_ _4\"></span>chni<span class=\"_ _4\"></span>cal k<span class=\"_ _4\"></span>no<span class=\"_ _4\"></span>wle<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 x1 hb y1de ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">and u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g, is rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s as in<span class=\"_ _4\"></span>cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m1b3 x1 hb y59 ff1 fs9 fc2 sc0 ls23 wsf\" style=\"z-index: 15;\">Deve<span class=\"_ _4\"></span>lop<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>vit<span class=\"_ _4\"></span>ies i<span class=\"_ _4\"></span>nvolve a p<span class=\"_ _4\"></span>lan o<span class=\"_ _4\"></span>r des<span class=\"_ _4\"></span>ign fo<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e pro<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of new o<span class=\"_ _4\"></span>r sub<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ntial<span class=\"_ _4\"></span>ly new i<span class=\"_ _4\"></span>mpr<span class=\"_ _4\"></span>oved p<span class=\"_ _4\"></span>rod</div>\n<div class=\"t m1b4 x14 hb y59 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m1b5 x1 hb y5a ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd pr<span class=\"_ _4\"></span>oce<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>. Devel<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s are c<span class=\"_ _4\"></span>ap<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>alize<span class=\"_ _4\"></span>d onl<span class=\"_ _4\"></span>y if t<span class=\"_ _4\"></span>he deve<span class=\"_ _4\"></span>lop<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt cos<span class=\"_ _4\"></span>t c<span class=\"_ _4\"></span>an b<span class=\"_ _4\"></span>e mea<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>ed re<span class=\"_ _4\"></span>liab<span class=\"_ _4\"></span>ly<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m1b6 x1 hb y5b ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t or p<span class=\"_ _4\"></span>roce<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s is tec<span class=\"_ _4\"></span>hnic<span class=\"_ _4\"></span>all<span class=\"_ _4\"></span>y and c<span class=\"_ _4\"></span>omm<span class=\"_ _4\"></span>erci<span class=\"_ _4\"></span>ally fea<span class=\"_ _4\"></span>sib<span class=\"_ _4\"></span>le, fut<span class=\"_ _4\"></span>ure e<span class=\"_ _4\"></span>con<span class=\"_ _4\"></span>omic b<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>e\ufb01t<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e pro<span class=\"_ _4\"></span>bab<span class=\"_ _4\"></span>le an<span class=\"_ _4\"></span>d the G<span class=\"_ _4\"></span>roup</div>\n<div class=\"t m1b7 x1 hb y5c ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">inte<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>s to an<span class=\"_ _4\"></span>d has su<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>ient r<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>our<span class=\"_ _4\"></span>ces to c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>lete d<span class=\"_ _4\"></span>evel<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>ment a<span class=\"_ _4\"></span>nd to u<span class=\"_ _4\"></span>se or s<span class=\"_ _4\"></span>ell t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et. O<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>her<span class=\"_ _7\"></span>wis<span class=\"_ _4\"></span>e, it is re<span class=\"_ _4\"></span>c<span class=\"ws2\">-</span></div>\n<div class=\"t m1b8 x1 hb y5d ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">og<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d in p<span class=\"_ _4\"></span>ro\ufb01t or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s as in<span class=\"_ _4\"></span>cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d. C<span class=\"_ _4\"></span>apit<span class=\"_ _4\"></span>ali<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d devel<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>ment e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>itu<span class=\"_ _4\"></span>re is m<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>red a<span class=\"_ _4\"></span>t cos<span class=\"_ _4\"></span>t le<span class=\"_ _4\"></span>ss a<span class=\"_ _4\"></span>ccu<span class=\"_ _4\"></span>mulat<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m8 x1 hb y5e ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">amor<span class=\"_ _4\"></span>tisation and accumul<span class=\"_ _3\"></span>ated impa<span class=\"_ _3\"></span>irment losses.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 459px; height: 161px; width: 86%; z-index: 6;\"></div>\n\n<div class=\"t m0 x1 h6 y1df ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Other intangible asset<span class=\"_ _4\"></span>s</div>\n<div class=\"t m1b9 x1 hb y76 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">O<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r int<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>ible a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s (e.g. sof<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>are,<span class=\"_ _3\"></span>\u2026<span class=\"_ _3\"></span>) acq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d by th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up th<span class=\"_ _4\"></span>at have \ufb01ni<span class=\"_ _4\"></span>te us<span class=\"_ _4\"></span>efu<span class=\"_ _4\"></span>l lives a<span class=\"_ _4\"></span>re mea<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>ed at co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t</div>\n<div class=\"t m1ba x1 hb y61 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">les<span class=\"_ _4\"></span>s ac<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>mulat<span class=\"_ _4\"></span>ed am<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns an<span class=\"_ _4\"></span>d acc<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ulate<span class=\"_ _4\"></span>d imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es. T<span class=\"_ _4\"></span>he a<span class=\"_ _4\"></span>mor<span class=\"_ _7\"></span>tis<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on is r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnize<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he pr<span class=\"_ _4\"></span>o\ufb01t or<span class=\"_ _4\"></span> </div>\n<div class=\"t m1bb x1 hb y77 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">los<span class=\"_ _4\"></span>s s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>teme<span class=\"_ _4\"></span>nt, an<span class=\"_ _4\"></span>d is s<span class=\"_ _4\"></span>prea<span class=\"_ _4\"></span>d over th<span class=\"_ _4\"></span>e use<span class=\"_ _4\"></span>ful li<span class=\"_ _4\"></span>fe of t<span class=\"_ _4\"></span>he rele<span class=\"_ _4\"></span>vant i<span class=\"_ _4\"></span>nta<span class=\"_ _4\"></span>ngib<span class=\"_ _4\"></span>le as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s follow<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>aig<span class=\"_ _4\"></span>ht-lin<span class=\"_ _4\"></span>e dep<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m1bc x1 hb y63 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">ciat<span class=\"_ _4\"></span>ion m<span class=\"_ _4\"></span>eth<span class=\"_ _4\"></span>od. T<span class=\"_ _4\"></span>he am<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>iza<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n st<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>s fro<span class=\"_ _4\"></span>m th<span class=\"_ _4\"></span>e date t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>hey are av<span class=\"_ _4\"></span>ailab<span class=\"_ _4\"></span>le for u<span class=\"_ _4\"></span>se. A<span class=\"_ _4\"></span>mor<span class=\"_ _7\"></span>tiz<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>ds, u<span class=\"_ _4\"></span>sef<span class=\"_ _4\"></span>ul</div>\n<div class=\"t m8 x1 hb y64 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">live<span class=\"_ _4\"></span>s and re<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>dual v<span class=\"_ _4\"></span>alue<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>viewe<span class=\"_ _4\"></span>d at ea<span class=\"_ _4\"></span>ch \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al year-<span class=\"_ _4\"></span>end a<span class=\"_ _4\"></span>nd ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d if ap<span class=\"_ _4\"></span>pro<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>iate.</div>\n<div class=\"t m1bd x1 hb y65 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Int<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>ible a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s wi<span class=\"_ _4\"></span>th an i<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>e\ufb01nit<span class=\"_ _4\"></span>e use<span class=\"_ _4\"></span>ful li<span class=\"_ _4\"></span>fe or t<span class=\"_ _4\"></span>hat are n<span class=\"_ _4\"></span>ot yet avail<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e for us<span class=\"_ _4\"></span>e, are sub<span class=\"_ _4\"></span>jec<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>o an ann<span class=\"_ _4\"></span>ual im<span class=\"_ _4\"></span>pair<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y79 ff1 fs9 fc2 sc0 ls17 ws2c\" style=\"z-index: 15;\">ment tes<span class=\"_ _4\"></span>t.</div>\n<div class=\"t m0 x1 h6 y1e0 ff2 fs4 fc1 sc0 ls4d ws53\" style=\"z-index: 15;\">Subsequent<span class=\"_ _1\"></span> expenditure</div>\n<div class=\"t m31 x1 hb y69 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Sub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>ent ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e is c<span class=\"_ _4\"></span>api<span class=\"_ _4\"></span>tal<span class=\"_ _4\"></span>ized o<span class=\"_ _4\"></span>nly w<span class=\"_ _4\"></span>hen i<span class=\"_ _4\"></span>t inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>es t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>utu<span class=\"_ _4\"></span>re ec<span class=\"_ _4\"></span>ono<span class=\"_ _4\"></span>mic b<span class=\"_ _4\"></span>ene\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s emb<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>ied i<span class=\"_ _4\"></span>n the s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ci\ufb01<span class=\"_ _4\"></span>c</div>\n<div class=\"t m8 x1 hb y6a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>o whic<span class=\"_ _4\"></span>h it re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>s. All o<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r ex<span class=\"_ _4\"></span>pen<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ure i<span class=\"_ _4\"></span>s rec<span class=\"_ _4\"></span>ogni<span class=\"_ _4\"></span>zed in p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>t or los<span class=\"_ _4\"></span>s as i<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>red.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 212px; height: 449px; width: 88%; z-index: 5;\"></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag459": {
   "value": "\n<div class=\"t m0 x1 h6 y1dd ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Research and<span class=\"_ _3\"></span> dev<span class=\"_ _1\"></span>elopment</div>\n<div class=\"t m8 x1 hb y57 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ure o<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>earc<span class=\"_ _4\"></span>h ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s, und<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>ta<span class=\"_ _4\"></span>ken wit<span class=\"_ _4\"></span>h th<span class=\"_ _4\"></span>e pro<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t of g<span class=\"_ _4\"></span>aini<span class=\"_ _4\"></span>ng new s<span class=\"_ _4\"></span>cie<span class=\"_ _4\"></span>nti\ufb01<span class=\"_ _4\"></span>c or te<span class=\"_ _4\"></span>chni<span class=\"_ _4\"></span>cal k<span class=\"_ _4\"></span>no<span class=\"_ _4\"></span>wle<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 x1 hb y1de ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">and u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g, is rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s as in<span class=\"_ _4\"></span>cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m1b3 x1 hb y59 ff1 fs9 fc2 sc0 ls23 wsf\" style=\"z-index: 15;\">Deve<span class=\"_ _4\"></span>lop<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>vit<span class=\"_ _4\"></span>ies i<span class=\"_ _4\"></span>nvolve a p<span class=\"_ _4\"></span>lan o<span class=\"_ _4\"></span>r des<span class=\"_ _4\"></span>ign fo<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e pro<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of new o<span class=\"_ _4\"></span>r sub<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ntial<span class=\"_ _4\"></span>ly new i<span class=\"_ _4\"></span>mpr<span class=\"_ _4\"></span>oved p<span class=\"_ _4\"></span>rod</div>\n<div class=\"t m1b4 x14 hb y59 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m1b5 x1 hb y5a ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd pr<span class=\"_ _4\"></span>oce<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>. Devel<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s are c<span class=\"_ _4\"></span>ap<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>alize<span class=\"_ _4\"></span>d onl<span class=\"_ _4\"></span>y if t<span class=\"_ _4\"></span>he deve<span class=\"_ _4\"></span>lop<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt cos<span class=\"_ _4\"></span>t c<span class=\"_ _4\"></span>an b<span class=\"_ _4\"></span>e mea<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>ed re<span class=\"_ _4\"></span>liab<span class=\"_ _4\"></span>ly<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m1b6 x1 hb y5b ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t or p<span class=\"_ _4\"></span>roce<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s is tec<span class=\"_ _4\"></span>hnic<span class=\"_ _4\"></span>all<span class=\"_ _4\"></span>y and c<span class=\"_ _4\"></span>omm<span class=\"_ _4\"></span>erci<span class=\"_ _4\"></span>ally fea<span class=\"_ _4\"></span>sib<span class=\"_ _4\"></span>le, fut<span class=\"_ _4\"></span>ure e<span class=\"_ _4\"></span>con<span class=\"_ _4\"></span>omic b<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>e\ufb01t<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e pro<span class=\"_ _4\"></span>bab<span class=\"_ _4\"></span>le an<span class=\"_ _4\"></span>d the G<span class=\"_ _4\"></span>roup</div>\n<div class=\"t m1b7 x1 hb y5c ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">inte<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>s to an<span class=\"_ _4\"></span>d has su<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>ient r<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>our<span class=\"_ _4\"></span>ces to c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>lete d<span class=\"_ _4\"></span>evel<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>ment a<span class=\"_ _4\"></span>nd to u<span class=\"_ _4\"></span>se or s<span class=\"_ _4\"></span>ell t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et. O<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>her<span class=\"_ _7\"></span>wis<span class=\"_ _4\"></span>e, it is re<span class=\"_ _4\"></span>c<span class=\"ws2\">-</span></div>\n<div class=\"t m1b8 x1 hb y5d ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">og<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d in p<span class=\"_ _4\"></span>ro\ufb01t or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s as in<span class=\"_ _4\"></span>cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d. C<span class=\"_ _4\"></span>apit<span class=\"_ _4\"></span>ali<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d devel<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>ment e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>itu<span class=\"_ _4\"></span>re is m<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>red a<span class=\"_ _4\"></span>t cos<span class=\"_ _4\"></span>t le<span class=\"_ _4\"></span>ss a<span class=\"_ _4\"></span>ccu<span class=\"_ _4\"></span>mulat<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m8 x1 hb y5e ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">amor<span class=\"_ _4\"></span>tisation and accumul<span class=\"_ _3\"></span>ated impa<span class=\"_ _3\"></span>irment losses.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 459px; height: 161px; width: 86%; z-index: 6;\"></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag455": {
   "value": "\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 xe h13 y42 ff3 fs4 fc0 sc0 ls4e ws54\" style=\"z-index: 15;\">F.<span class=\"_ _7\"></span> <span class=\"_ _c9\"> </span><span class=\"ls48 ws4c\">PROP<span class=\"_ _3\"></span>ERT<span class=\"_ _4\"></span>Y<span class=\"_ _1\"></span>, P<span class=\"_ _1\"></span>L<span class=\"_ _4\"></span>ANT AND EQUIP<span class=\"_ _1\"></span>MENT</span></div>\n<div class=\"t m0 xe h6 y1ba ff2 fs4 fc1 sc0 ls2e ws4f\" style=\"z-index: 15;\">Owned ass<span class=\"_ _3\"></span>ets</div>\n<div class=\"t m141 xe hb y80 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Ite<span class=\"_ _4\"></span>ms of pr<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y, plant an<span class=\"_ _4\"></span>d eq<span class=\"_ _4\"></span>uip<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t are s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ated a<span class=\"_ _4\"></span>t cos<span class=\"_ _4\"></span>t, w<span class=\"_ _4\"></span>hich i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>s ca<span class=\"_ _4\"></span>pit<span class=\"_ _4\"></span>ali<span class=\"_ _4\"></span>sed b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s, les<span class=\"_ _4\"></span>s ac<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1be xe hb y81 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">mula<span class=\"_ _4\"></span>ted d<span class=\"_ _4\"></span>epr<span class=\"_ _4\"></span>eci<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n and i<span class=\"_ _4\"></span>mpai<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ment l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s. Co<span class=\"_ _4\"></span>st i<span class=\"_ _4\"></span>ncl<span class=\"_ _4\"></span>ude<span class=\"_ _4\"></span>s ex<span class=\"_ _4\"></span>pen<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ure t<span class=\"_ _4\"></span>hat is d<span class=\"_ _4\"></span>ire<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tly a<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ble t<span class=\"_ _4\"></span>o the a<span class=\"_ _4\"></span>cqui<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y82 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">sit<span class=\"_ _4\"></span>ion of t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et an<span class=\"_ _4\"></span>d to br<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t to the l<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on an<span class=\"_ _4\"></span>d con<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ion ne<span class=\"_ _4\"></span>ces<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y f<span class=\"_ _4\"></span>or it<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>nten<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d use. T<span class=\"_ _4\"></span>he cos<span class=\"_ _4\"></span>t</div>\n<div class=\"t m1bf xe hb y83 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">of se<span class=\"_ _4\"></span>lf-<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s incl<span class=\"_ _4\"></span>ud<span class=\"_ _4\"></span>es th<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t of ma<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>ials an<span class=\"_ _4\"></span>d dire<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t la<span class=\"_ _4\"></span>bor<span class=\"_ _3\"></span>, any oth<span class=\"_ _4\"></span>er co<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>s d<span class=\"_ _4\"></span>irec<span class=\"_ _7\"></span>tly at<span class=\"_ _7\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ble t<span class=\"_ _4\"></span>o</div>\n<div class=\"t m8 xe hb y84 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">br<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t to a wor<span class=\"_ _4\"></span>k<span class=\"_ _4\"></span>ing co<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n for it<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>nten<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d use a<span class=\"_ _4\"></span>nd c<span class=\"_ _4\"></span>api<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>lized b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m8 xe hb y1e1 ff1 fs9 fc2 sc0 ls2 ws3b\" style=\"z-index: 15;\">Sub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>ent ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>es as<span class=\"_ _4\"></span>so<span class=\"_ _4\"></span>ciat<span class=\"_ _4\"></span>ed wi<span class=\"_ _4\"></span>th i<span class=\"_ _4\"></span>tems o<span class=\"_ _4\"></span>f pro<span class=\"_ _4\"></span>per<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>, plan<span class=\"_ _4\"></span>t and e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>pme<span class=\"_ _4\"></span>nt ar<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>pit<span class=\"_ _4\"></span>alis<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>nly i<span class=\"_ _4\"></span>f a fu<span class=\"_ _4\"></span>ture e<span class=\"_ _4\"></span>co</div>\n<div class=\"t m8 x3d hb y85 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m1c0 xe hb y86 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">nom<span class=\"_ _4\"></span>ic ad<span class=\"_ _4\"></span>vant<span class=\"_ _4\"></span>ag<span class=\"_ _4\"></span>e will re<span class=\"_ _4\"></span>sult f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m this e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>itu<span class=\"_ _4\"></span>re an<span class=\"_ _4\"></span>d it<span class=\"_ _4\"></span>s cos<span class=\"_ _4\"></span>t c<span class=\"_ _4\"></span>an b<span class=\"_ _4\"></span>e meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d reli<span class=\"_ _4\"></span>ably. If a par<span class=\"_ _7\"></span>t of an it<span class=\"_ _4\"></span>em of pr<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1c1 xe hb y87 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">er<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>, pl<span class=\"_ _4\"></span>ant an<span class=\"_ _4\"></span>d eq<span class=\"_ _4\"></span>uip<span class=\"_ _4\"></span>ment i<span class=\"_ _4\"></span>s rep<span class=\"_ _4\"></span>lace<span class=\"_ _4\"></span>d, the r<span class=\"_ _4\"></span>epl<span class=\"_ _4\"></span>ace<span class=\"_ _4\"></span>ment c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t is c<span class=\"_ _4\"></span>api<span class=\"_ _4\"></span>tal<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d and t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>ing a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e rep<span class=\"_ _4\"></span>lace<span class=\"_ _4\"></span>d</div>\n<div class=\"t m1c2 xe hb y8c ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">par<span class=\"_ _7\"></span>t is d<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d. Th<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s of t<span class=\"_ _4\"></span>he day-<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>day s<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ici<span class=\"_ _4\"></span>ng of pr<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _7\"></span>y<span class=\"_ _1\"></span>, pl<span class=\"_ _4\"></span>ant an<span class=\"_ _4\"></span>d eq<span class=\"_ _4\"></span>uip<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n the</div>\n<div class=\"t m8 xe hb y88 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>\ufb01t or lo<span class=\"_ _4\"></span>ss s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t as inc<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m1c3 xe hb y89 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s of a<span class=\"_ _4\"></span>n item of p<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>per<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>, p<span class=\"_ _4\"></span>lant a<span class=\"_ _4\"></span>nd e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>pme<span class=\"_ _4\"></span>nt have di<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>ent u<span class=\"_ _4\"></span>sef<span class=\"_ _4\"></span>ul live<span class=\"_ _4\"></span>s, th<span class=\"_ _4\"></span>ey are ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted f<span class=\"_ _4\"></span>or as s<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 xe hb y8a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ar<span class=\"_ _4\"></span>ate ite<span class=\"_ _4\"></span>ms (maj<span class=\"_ _4\"></span>or co<span class=\"_ _4\"></span>mpo<span class=\"_ _4\"></span>nen<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s) of pro<span class=\"_ _4\"></span>per<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>, plan<span class=\"_ _4\"></span>t and e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>pme<span class=\"_ _4\"></span>nt.</div>\n<div class=\"t m8 xe hb ydb ff1 fs9 fc2 sc0 ls2 ws55\" style=\"z-index: 15;\">De<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>ciat<span class=\"_ _4\"></span>ion is c<span class=\"_ _4\"></span>al<span class=\"_ _4\"></span>cula<span class=\"_ _4\"></span>ted ove<span class=\"_ _4\"></span>r the d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>iabl<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt, w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h is th<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t of a<span class=\"_ _4\"></span>n as<span class=\"_ _4\"></span>set, l<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s it<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>ual va<span class=\"_ _4\"></span>lue an<span class=\"_ _4\"></span>d is</div>\n<div class=\"t m8 xe hb y1e2 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ized i<span class=\"_ _4\"></span>n pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>.</div>\n\n<div class=\"t m1c4 xe hb y4a ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Vess<span class=\"_ _4\"></span>els, b<span class=\"_ _4\"></span>arg<span class=\"_ _4\"></span>es or u<span class=\"_ _4\"></span>nit<span class=\"_ _4\"></span>s in t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion p<span class=\"_ _4\"></span>roc<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s are s<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>ara<span class=\"_ _4\"></span>tely c<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed o<span class=\"_ _4\"></span>n the b<span class=\"_ _4\"></span>alan<span class=\"_ _4\"></span>ce s<span class=\"_ _4\"></span>heet a<span class=\"_ _4\"></span>s as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>er</div>\n<div class=\"t m1c5 xe hb y4b ff1 fs9 fc2 sc0 ls1f ws29\" style=\"z-index: 15;\">construc<span class=\"_ _4\"></span>tion<span class=\"_ _3\"></span>. These<span class=\"_ _1\"></span> as<span class=\"_ _4\"></span>sets under<span class=\"_ _3\"></span> construc<span class=\"_ _4\"></span>tion<span class=\"_ _3\"></span> are<span class=\"_ _3\"></span> not<span class=\"_ _1\"></span> depreciated<span class=\"_ _1\"></span>, depreciat<span class=\"_ _3\"></span>ion star<span class=\"_ _4\"></span>ts at<span class=\"_ _3\"></span> the mom<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span> that<span class=\"_ _3\"></span> the v<span class=\"_ _1\"></span>es<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y4c ff1 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">se<span class=\"_ _4\"></span>ls are d<span class=\"_ _4\"></span>elive<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>. As f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m the m<span class=\"_ _4\"></span>ome<span class=\"_ _4\"></span>nt of de<span class=\"_ _4\"></span>liver<span class=\"_ _7\"></span>y<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>els a<span class=\"_ _4\"></span>re no lo<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>r clas<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>i\ufb01e<span class=\"_ _4\"></span>d as un<span class=\"_ _4\"></span>der co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n. The</div>\n<div class=\"t m8 xe hb y1e3 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">bu<span class=\"_ _4\"></span>sine<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s mod<span class=\"_ _4\"></span>el of t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up ai<span class=\"_ _4\"></span>ms to re<span class=\"_ _4\"></span>nt or o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>ate t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _7\"></span>ted a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 773px; height: 69px; width: 90%; z-index: 4;\"><br/></div>\n\n\n<div class=\"t mc8 xe hb y4e ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e ves<span class=\"_ _4\"></span>sel<span class=\"_ _4\"></span>s are d<span class=\"_ _4\"></span>epr<span class=\"_ _4\"></span>eci<span class=\"_ _4\"></span>ated o<span class=\"_ _4\"></span>n a s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>aight-<span class=\"_ _4\"></span>line b<span class=\"_ _4\"></span>asi<span class=\"_ _4\"></span>s to th<span class=\"_ _4\"></span>eir re<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>ual val<span class=\"_ _4\"></span>ue over t<span class=\"_ _4\"></span>hei<span class=\"_ _4\"></span>r es<span class=\"_ _4\"></span>tim<span class=\"_ _4\"></span>ated u<span class=\"_ _4\"></span>sef<span class=\"_ _4\"></span>ul lif<span class=\"_ _4\"></span>e (as fro<span class=\"_ _4\"></span>m</div>\n<div class=\"t m8 xe hb y72 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on da<span class=\"_ _4\"></span>te) in th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p as fo<span class=\"_ _4\"></span>llow<span class=\"_ _4\"></span>s:</div>\n<div class=\"t m8 x3b hc y1e4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gas vessel LPG pressurized (1)<span class=\"_ _ca\"> </span>20<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1e5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gas vessel LPG<span class=\"_ _6a\"> </span>30<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1e6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gas vessel VLGC<span class=\"_ _cc\"> </span>30<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1e7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gas vessel LNG<span class=\"_ _cd\"> </span>35<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1e8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LNG units<span class=\"_ _2c\"> </span>30<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1e9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Accommodation platform, newbuild:</div>\n<div class=\"t m8 xc hc y1ea ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">- Hull machinery &amp; deck out\ufb01tting<span class=\"_ _ce\"> </span>20<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 xc hc y1eb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">- Accommodation<span class=\"_ _45\"> </span>10<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1ec ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Accommodation platform, second hand<span class=\"_ _cf\"> </span>10-12<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 xe h14 y1ed ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(1) <span class=\"_ _c7\"> </span>In June 2016, EXMAR increased its share in the pressurized \ufb02eet fr<span class=\"_ _1\"></span>om 50% to 100% and applied IFRS 3 Business combinations to account for this. The vessels</div>\n<div class=\"t m8 x3e h14 y1ee ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">were at that date accounted for at fair value and are being depr<span class=\"_ _3\"></span>eciated over their remaining useful life, which was 30 years as fr<span class=\"_ _3\"></span>om construction date, or on</div>\n<div class=\"t m8 x3e h14 y1ef ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">average a remaining term of 23 years. In 2020, management re-assessed the useful life and reduced it fr<span class=\"_ _3\"></span>om 30 to 20 years (as from construction date), or an</div>\n<div class=\"t m8 x3e h14 y1f0 ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">average remaining useful life of 10 years as from January 1, 2020.</div>\n<div class=\"t m8 xe hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Vess<span class=\"_ _4\"></span>els an<span class=\"_ _4\"></span>d bar<span class=\"_ _4\"></span>ges a<span class=\"_ _4\"></span>re es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d to have a zer<span class=\"_ _4\"></span>o res<span class=\"_ _4\"></span>idu<span class=\"_ _4\"></span>al val<span class=\"_ _4\"></span>ue.</div>\n<div class=\"t m8 xe hb y1b8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Dr<span class=\"_ _7\"></span>y-<span class=\"_ _4\"></span>do<span class=\"_ _4\"></span>ck<span class=\"_ _4\"></span>ing e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>pit<span class=\"_ _4\"></span>ali<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>ey occ<span class=\"_ _4\"></span>ur an<span class=\"_ _4\"></span>d de<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>ciat<span class=\"_ _4\"></span>ed over a p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod u<span class=\"_ _4\"></span>ntil t<span class=\"_ _4\"></span>he ne<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>t dr<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>do<span class=\"_ _4\"></span>ck.</div>\n<div class=\"t m1c6 xe hb y5f ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">O<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r pro<span class=\"_ _4\"></span>per<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>, plan<span class=\"_ _4\"></span>t and e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>pme<span class=\"_ _4\"></span>nt are d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>iated ov<span class=\"_ _4\"></span>er th<span class=\"_ _4\"></span>eir es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d use<span class=\"_ _4\"></span>ful l<span class=\"_ _4\"></span>ife us<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>aigh<span class=\"_ _4\"></span>t-line d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y60 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ciat<span class=\"_ _4\"></span>ion m<span class=\"_ _4\"></span>eth<span class=\"_ _4\"></span>od. L<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>d is not d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m8 xe hb y74 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e es<span class=\"_ _4\"></span>tim<span class=\"_ _4\"></span>ated u<span class=\"_ _4\"></span>sef<span class=\"_ _4\"></span>ul li<span class=\"_ _4\"></span>ves of t<span class=\"_ _4\"></span>he var<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>us ot<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>s of as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>re as fo<span class=\"_ _4\"></span>llow<span class=\"_ _4\"></span>s:</div>\n<div class=\"t m8 x3b hc y1f1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Buildings<span class=\"_ _d0\"> </span>33.3<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1f2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Leased real estate<span class=\"_ _d1\"> </span>33.3<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1f3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Plant and equipment<span class=\"_ _d2\"> </span>5<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1f4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Furniture<span class=\"_ _3c\"> </span>10<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1f5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cars<span class=\"_ _d3\"> </span>5<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1f6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Airplane<span class=\"_ _d4\"> </span>10<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1f7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">IT equipment<span class=\"_ _d5\"> </span>3<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 267px; height: 509px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 267px; height: 872px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag439": {
   "value": "\n<div class=\"t m1c4 xe hb y4a ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Vess<span class=\"_ _4\"></span>els, b<span class=\"_ _4\"></span>arg<span class=\"_ _4\"></span>es or u<span class=\"_ _4\"></span>nit<span class=\"_ _4\"></span>s in t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion p<span class=\"_ _4\"></span>roc<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s are s<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>ara<span class=\"_ _4\"></span>tely c<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed o<span class=\"_ _4\"></span>n the b<span class=\"_ _4\"></span>alan<span class=\"_ _4\"></span>ce s<span class=\"_ _4\"></span>heet a<span class=\"_ _4\"></span>s as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>er</div>\n<div class=\"t m1c5 xe hb y4b ff1 fs9 fc2 sc0 ls1f ws29\" style=\"z-index: 15;\">construc<span class=\"_ _4\"></span>tion<span class=\"_ _3\"></span>. These<span class=\"_ _1\"></span> as<span class=\"_ _4\"></span>sets under<span class=\"_ _3\"></span> construc<span class=\"_ _4\"></span>tion<span class=\"_ _3\"></span> are<span class=\"_ _3\"></span> not<span class=\"_ _1\"></span> depreciated<span class=\"_ _1\"></span>, depreciat<span class=\"_ _3\"></span>ion star<span class=\"_ _4\"></span>ts at<span class=\"_ _3\"></span> the mom<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span> that<span class=\"_ _3\"></span> the v<span class=\"_ _1\"></span>es<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y4c ff1 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">se<span class=\"_ _4\"></span>ls are d<span class=\"_ _4\"></span>elive<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>. As f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m the m<span class=\"_ _4\"></span>ome<span class=\"_ _4\"></span>nt of de<span class=\"_ _4\"></span>liver<span class=\"_ _7\"></span>y<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>els a<span class=\"_ _4\"></span>re no lo<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>r clas<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>i\ufb01e<span class=\"_ _4\"></span>d as un<span class=\"_ _4\"></span>der co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n. The</div>\n<div class=\"t m8 xe hb y1e3 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">bu<span class=\"_ _4\"></span>sine<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s mod<span class=\"_ _4\"></span>el of t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up ai<span class=\"_ _4\"></span>ms to re<span class=\"_ _4\"></span>nt or o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>ate t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _7\"></span>ted a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 773px; height: 69px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForConstructionInProgressExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag438": {
   "value": "\n<div class=\"t mc8 xe hb y4e ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e ves<span class=\"_ _4\"></span>sel<span class=\"_ _4\"></span>s are d<span class=\"_ _4\"></span>epr<span class=\"_ _4\"></span>eci<span class=\"_ _4\"></span>ated o<span class=\"_ _4\"></span>n a s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>aight-<span class=\"_ _4\"></span>line b<span class=\"_ _4\"></span>asi<span class=\"_ _4\"></span>s to th<span class=\"_ _4\"></span>eir re<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>ual val<span class=\"_ _4\"></span>ue over t<span class=\"_ _4\"></span>hei<span class=\"_ _4\"></span>r es<span class=\"_ _4\"></span>tim<span class=\"_ _4\"></span>ated u<span class=\"_ _4\"></span>sef<span class=\"_ _4\"></span>ul lif<span class=\"_ _4\"></span>e (as fro<span class=\"_ _4\"></span>m</div>\n<div class=\"t m8 xe hb y72 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on da<span class=\"_ _4\"></span>te) in th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p as fo<span class=\"_ _4\"></span>llow<span class=\"_ _4\"></span>s:</div>\n<div class=\"t m8 x3b hc y1e4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gas vessel LPG pressurized (1)<span class=\"_ _ca\"> </span>20<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1e5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gas vessel LPG<span class=\"_ _6a\"> </span>30<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1e6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gas vessel VLGC<span class=\"_ _cc\"> </span>30<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1e7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gas vessel LNG<span class=\"_ _cd\"> </span>35<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1e8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LNG units<span class=\"_ _2c\"> </span>30<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1e9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Accommodation platform, newbuild:</div>\n<div class=\"t m8 xc hc y1ea ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">- Hull machinery &amp; deck out\ufb01tting<span class=\"_ _ce\"> </span>20<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 xc hc y1eb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">- Accommodation<span class=\"_ _45\"> </span>10<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1ec ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Accommodation platform, second hand<span class=\"_ _cf\"> </span>10-12<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 xe h14 y1ed ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(1) <span class=\"_ _c7\"> </span>In June 2016, EXMAR increased its share in the pressurized \ufb02eet fr<span class=\"_ _1\"></span>om 50% to 100% and applied IFRS 3 Business combinations to account for this. The vessels</div>\n<div class=\"t m8 x3e h14 y1ee ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">were at that date accounted for at fair value and are being depr<span class=\"_ _3\"></span>eciated over their remaining useful life, which was 30 years as fr<span class=\"_ _3\"></span>om construction date, or on</div>\n<div class=\"t m8 x3e h14 y1ef ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">average a remaining term of 23 years. In 2020, management re-assessed the useful life and reduced it fr<span class=\"_ _3\"></span>om 30 to 20 years (as from construction date), or an</div>\n<div class=\"t m8 x3e h14 y1f0 ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">average remaining useful life of 10 years as from January 1, 2020.</div>\n<div class=\"t m8 xe hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Vess<span class=\"_ _4\"></span>els an<span class=\"_ _4\"></span>d bar<span class=\"_ _4\"></span>ges a<span class=\"_ _4\"></span>re es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d to have a zer<span class=\"_ _4\"></span>o res<span class=\"_ _4\"></span>idu<span class=\"_ _4\"></span>al val<span class=\"_ _4\"></span>ue.</div>\n<div class=\"t m8 xe hb y1b8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Dr<span class=\"_ _7\"></span>y-<span class=\"_ _4\"></span>do<span class=\"_ _4\"></span>ck<span class=\"_ _4\"></span>ing e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>pit<span class=\"_ _4\"></span>ali<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>ey occ<span class=\"_ _4\"></span>ur an<span class=\"_ _4\"></span>d de<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>ciat<span class=\"_ _4\"></span>ed over a p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod u<span class=\"_ _4\"></span>ntil t<span class=\"_ _4\"></span>he ne<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>t dr<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>do<span class=\"_ _4\"></span>ck.</div>\n<div class=\"t m1c6 xe hb y5f ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">O<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r pro<span class=\"_ _4\"></span>per<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>, plan<span class=\"_ _4\"></span>t and e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>pme<span class=\"_ _4\"></span>nt are d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>iated ov<span class=\"_ _4\"></span>er th<span class=\"_ _4\"></span>eir es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d use<span class=\"_ _4\"></span>ful l<span class=\"_ _4\"></span>ife us<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>aigh<span class=\"_ _4\"></span>t-line d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y60 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ciat<span class=\"_ _4\"></span>ion m<span class=\"_ _4\"></span>eth<span class=\"_ _4\"></span>od. L<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>d is not d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m8 xe hb y74 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e es<span class=\"_ _4\"></span>tim<span class=\"_ _4\"></span>ated u<span class=\"_ _4\"></span>sef<span class=\"_ _4\"></span>ul li<span class=\"_ _4\"></span>ves of t<span class=\"_ _4\"></span>he var<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>us ot<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>s of as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>re as fo<span class=\"_ _4\"></span>llow<span class=\"_ _4\"></span>s:</div>\n<div class=\"t m8 x3b hc y1f1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Buildings<span class=\"_ _d0\"> </span>33.3<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1f2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Leased real estate<span class=\"_ _d1\"> </span>33.3<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1f3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Plant and equipment<span class=\"_ _d2\"> </span>5<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1f4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Furniture<span class=\"_ _3c\"> </span>10<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1f5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cars<span class=\"_ _d3\"> </span>5<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1f6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Airplane<span class=\"_ _d4\"> </span>10<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t m8 x3b hc y1f7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">IT equipment<span class=\"_ _d5\"> </span>3<span class=\"_ _cb\"> </span>years</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 267px; height: 509px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag468": {
   "value": "\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x1 h13 y42 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">G. <span class=\"_ _d6\"> </span><span class=\"ls4f ws56\">IMP<span class=\"_ _1\"></span>AIRMENT OF ASSETS</span></div>\n\n<div class=\"t m0 x1 h6 y1ba ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Financial assets</div>\n<div class=\"t m1c7 x1 hb y80 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">Fina<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s m<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ured a<span class=\"_ _4\"></span>t amo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d cos<span class=\"_ _4\"></span>t are a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ed eac<span class=\"_ _4\"></span>h re<span class=\"_ _4\"></span>por<span class=\"_ _7\"></span>ti<span class=\"_ _4\"></span>ng date t<span class=\"_ _4\"></span>o dete<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>mine w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>it ri<span class=\"_ _4\"></span>sk</div>\n<div class=\"t m1c8 x1 hb y81 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">of a \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l as<span class=\"_ _4\"></span>set ha<span class=\"_ _4\"></span>s inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>ed s<span class=\"_ _4\"></span>igni<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>antl<span class=\"_ _4\"></span>y sinc<span class=\"_ _4\"></span>e init<span class=\"_ _4\"></span>ial re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on. Th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>s a los<span class=\"_ _4\"></span>s all<span class=\"_ _4\"></span>owan<span class=\"_ _4\"></span>ce for</div>\n<div class=\"t m8 x1 hb y82 ff1 fs9 fc2 sc0 ls2 ws24\" style=\"z-index: 15;\">ex<span class=\"_ _4\"></span>pec<span class=\"_ _7\"></span>ted c<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>dit lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es (<span class=\"_ _4\"></span>ECL<span class=\"_ _2\"></span>\u2019s) whic<span class=\"_ _4\"></span>h is bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e dif<span class=\"_ _7\"></span>fere<span class=\"_ _4\"></span>nce b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>we<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ual c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s due i<span class=\"_ _4\"></span>n acc<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m1c9 x1 hb y83 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">anc<span class=\"_ _4\"></span>e wit<span class=\"_ _4\"></span>h the c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t and a<span class=\"_ _4\"></span>ll the c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s tha<span class=\"_ _4\"></span>t the Gr<span class=\"_ _4\"></span>oup e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s to r<span class=\"_ _4\"></span>ecei<span class=\"_ _4\"></span>ve, disco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d at an a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>roxi<span class=\"_ _4\"></span>matio<span class=\"_ _4\"></span>n of</div>\n<div class=\"t mc6 x1 hb y84 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">the o<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ginal e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>tive i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>st r<span class=\"_ _4\"></span>ate. T<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s will i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s fro<span class=\"_ _4\"></span>m the s<span class=\"_ _4\"></span>ale o<span class=\"_ _4\"></span>f collat<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>al hel<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 x1 hb y85 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">or ot<span class=\"_ _4\"></span>her c<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>it en<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>cem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>hat are a<span class=\"_ _4\"></span>n inte<span class=\"_ _4\"></span>gr<span class=\"_ _4\"></span>al par<span class=\"_ _7\"></span>t of t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t te<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ms.</div>\n<div class=\"t m1ca x1 hb y86 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">In de<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>mini<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e cre<span class=\"_ _4\"></span>dit r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k of a \ufb01nan<span class=\"_ _4\"></span>cial a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et an<span class=\"_ _4\"></span>d whe<span class=\"_ _4\"></span>n es<span class=\"_ _4\"></span>tim<span class=\"_ _4\"></span>atin<span class=\"_ _4\"></span>g the ECL<span class=\"_ _1\"></span>\u2019<span class=\"_ _3\"></span>s, the Gr<span class=\"_ _4\"></span>oup c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>rs r<span class=\"_ _4\"></span>easo<span class=\"_ _4\"></span>nab<span class=\"_ _4\"></span>le</div>\n<div class=\"t m1cb x1 hb y87 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">and s<span class=\"_ _4\"></span>up<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e info<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n tha<span class=\"_ _4\"></span>t is rel<span class=\"_ _4\"></span>evan<span class=\"_ _4\"></span>t and av<span class=\"_ _4\"></span>ailab<span class=\"_ _4\"></span>le wi<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>ut u<span class=\"_ _4\"></span>ndu<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t or e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>for<span class=\"_ _7\"></span>t. T<span class=\"_ _4\"></span>his in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>s bot<span class=\"_ _4\"></span>h qua<span class=\"_ _4\"></span>n<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1cc x1 hb y8c ff1 fs9 fc2 sc0 ls1f ws2d\" style=\"z-index: 15;\">titative and qua<span class=\"_ _3\"></span>litative in<span class=\"_ _3\"></span>formation and an<span class=\"_ _3\"></span>alysis,<span class=\"_ _3\"></span> based on the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>s historic<span class=\"_ _4\"></span>al e<span class=\"_ _3\"></span>xper<span class=\"_ _4\"></span>ience and<span class=\"_ _3\"></span> informed credit</div>\n<div class=\"t m8 x1 hb y88 ff1 fs9 fc2 sc0 ls28 ws1a\" style=\"z-index: 15;\">asse<span class=\"_ _4\"></span>ssment and including for<span class=\"_ _4\"></span>ward-<span class=\"_ _4\"></span>looking information.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 905px; height: 193px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x1 h6 y1f8 ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Equity account<span class=\"_ _3\"></span>ed in<span class=\"_ _3\"></span>vestees</div>\n<div class=\"t m1cd x1 hb y8b ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Af<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r app<span class=\"_ _4\"></span>lic<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n of th<span class=\"_ _4\"></span>e eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y m<span class=\"_ _4\"></span>eth<span class=\"_ _4\"></span>od, th<span class=\"_ _4\"></span>e enti<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y de<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>mine<span class=\"_ _4\"></span>s wh<span class=\"_ _4\"></span>eth<span class=\"_ _4\"></span>er it is n<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>y to re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise a<span class=\"_ _4\"></span>n imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt</div>\n<div class=\"t m8 x1 hb y4a ff1 fs9 fc2 sc0 ls2 ws55\" style=\"z-index: 15;\">los<span class=\"_ _4\"></span>s wi<span class=\"_ _4\"></span>th re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _7\"></span>t to it<span class=\"_ _4\"></span>s net i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent i<span class=\"_ _4\"></span>n the a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>iate or jo<span class=\"_ _4\"></span>int ve<span class=\"_ _4\"></span>ntur<span class=\"_ _4\"></span>e. An im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>m<span class=\"_ _4\"></span>ent lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s in res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t of an e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y</div>\n<div class=\"t m1ce x1 hb y4b ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ee is m<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>red b<span class=\"_ _4\"></span>y com<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>cover<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le am<span class=\"_ _4\"></span>ount o<span class=\"_ _4\"></span>f the i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent wi<span class=\"_ _4\"></span>th i<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt.<span class=\"_ _4\"></span> </div>\n<div class=\"t m1cf x1 hb y4c ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">An i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>ir<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t los<span class=\"_ _4\"></span>s is re<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n pro\ufb01<span class=\"_ _4\"></span>t and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d is rever<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ed w<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>n the<span class=\"_ _4\"></span>re is a f<span class=\"_ _4\"></span>avour<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le c<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>e in t<span class=\"_ _4\"></span>he es<span class=\"_ _4\"></span>ti</div>\n<div class=\"t m36 x14 hb y4c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y4d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">mate<span class=\"_ _4\"></span>s use<span class=\"_ _4\"></span>d to d<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>min<span class=\"_ _4\"></span>e th<span class=\"_ _4\"></span>e recove<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ble a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt.</div>\n\n<div class=\"t m0 x1 h6 y1b1 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Non-\ufb01<span class=\"_ _4\"></span>nancial ass<span class=\"_ _4\"></span>ets</div>\n<div class=\"t m1d0 x1 hb y50 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e car<span class=\"_ _4\"></span>r<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g valu<span class=\"_ _4\"></span>e of non<span class=\"_ _4\"></span>-\ufb01n<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts<span class=\"_ _4\"></span>, othe<span class=\"_ _4\"></span>r tha<span class=\"_ _4\"></span>n def<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>red t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s, a<span class=\"_ _4\"></span>re revi<span class=\"_ _4\"></span>ewe<span class=\"_ _4\"></span>d at eac<span class=\"_ _4\"></span>h bala<span class=\"_ _4\"></span>nce s<span class=\"_ _4\"></span>hee<span class=\"_ _4\"></span>t date</div>\n<div class=\"t m1d1 x1 hb y51 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">to de<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>min<span class=\"_ _4\"></span>e whe<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>ere is a<span class=\"_ _4\"></span>n ind<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n of imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt. If a<span class=\"_ _4\"></span>ny suc<span class=\"_ _4\"></span>h in<span class=\"_ _4\"></span>dic<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n ex<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s, the a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>\u2019s recove<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ble</div>\n<div class=\"t m8 x1 hb y52 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amo<span class=\"_ _4\"></span>unt i<span class=\"_ _4\"></span>s es<span class=\"_ _4\"></span>tim<span class=\"_ _4\"></span>ated.</div>\n<div class=\"t m1d2 x1 hb y53 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">For g<span class=\"_ _4\"></span>ood<span class=\"_ _4\"></span>will a<span class=\"_ _4\"></span>nd in<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ngib<span class=\"_ _4\"></span>le as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>hat have i<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>\ufb01nite l<span class=\"_ _4\"></span>ives o<span class=\"_ _4\"></span>r that a<span class=\"_ _4\"></span>re not yet av<span class=\"_ _4\"></span>ailab<span class=\"_ _4\"></span>le fo<span class=\"_ _4\"></span>r use t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>cover<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le</div>\n<div class=\"t m8 x1 hb y54 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amo<span class=\"_ _4\"></span>unt i<span class=\"_ _4\"></span>s es<span class=\"_ _4\"></span>tim<span class=\"_ _4\"></span>ated o<span class=\"_ _4\"></span>n eac<span class=\"_ _4\"></span>h bala<span class=\"_ _4\"></span>nce s<span class=\"_ _4\"></span>hee<span class=\"_ _4\"></span>t date.</div>\n<div class=\"t m1d3 x1 hb y73 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">The r<span class=\"_ _4\"></span>ecove<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ble a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt of an as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t or c<span class=\"_ _4\"></span>ash<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ng uni<span class=\"_ _4\"></span>t (CGU) is th<span class=\"_ _4\"></span>e grea<span class=\"_ _4\"></span>ter of it<span class=\"_ _4\"></span>s v<span class=\"_ _4\"></span>alue i<span class=\"_ _4\"></span>n use a<span class=\"_ _4\"></span>nd it<span class=\"_ _4\"></span>s f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue</div>\n<div class=\"t m1d4 x1 hb y55 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">les<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ts t<span class=\"_ _4\"></span>o sel<span class=\"_ _4\"></span>l. In as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ing v<span class=\"_ _4\"></span>alue i<span class=\"_ _4\"></span>n use, th<span class=\"_ _4\"></span>e es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d fu<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>sh \ufb02o<span class=\"_ _4\"></span>ws ar<span class=\"_ _4\"></span>e dis<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted t<span class=\"_ _4\"></span>o the<span class=\"_ _4\"></span>ir pr<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>nt val<span class=\"_ _4\"></span>ue us<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1d5 x1 hb y56 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">ing a p<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>-t<span class=\"_ _4\"></span>ax d<span class=\"_ _4\"></span>isc<span class=\"_ _4\"></span>ount r<span class=\"_ _4\"></span>ate t<span class=\"_ _4\"></span>hat r<span class=\"_ _4\"></span>e\ufb02ec<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>s cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nt mar<span class=\"_ _4\"></span>ket as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>sme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s of t<span class=\"_ _4\"></span>he tim<span class=\"_ _4\"></span>e valu<span class=\"_ _4\"></span>e of mo<span class=\"_ _4\"></span>ney an<span class=\"_ _4\"></span>d the r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ci\ufb01c<span class=\"_ _4\"></span> </div>\n<div class=\"t m1d6 x1 hb y57 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">to th<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>. For t<span class=\"_ _4\"></span>he pu<span class=\"_ _4\"></span>rp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>e of im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt te<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ing, as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s tha<span class=\"_ _4\"></span>t ca<span class=\"_ _4\"></span>nnot b<span class=\"_ _4\"></span>e tes<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d in<span class=\"_ _4\"></span>div<span class=\"_ _4\"></span>idua<span class=\"_ _4\"></span>lly are g<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>d tog<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>her</div>\n<div class=\"t m1d7 x1 hb y58 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">into t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>malle<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t gro<span class=\"_ _4\"></span>up of as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s tha<span class=\"_ _4\"></span>t gen<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ates c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h in\ufb02<span class=\"_ _4\"></span>ows f<span class=\"_ _4\"></span>rom c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>inui<span class=\"_ _4\"></span>ng us<span class=\"_ _4\"></span>e tha<span class=\"_ _4\"></span>t are lar<span class=\"_ _4\"></span>gel<span class=\"_ _4\"></span>y ind<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>ent o<span class=\"_ _4\"></span>f</div>\n<div class=\"t m8 x1 hb y59 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>sh in\ufb02<span class=\"_ _4\"></span>ows o<span class=\"_ _4\"></span>f othe<span class=\"_ _4\"></span>r as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>r CGUs.</div>\n<div class=\"t m8 x1 hb y1f9 ff1 fs9 fc2 sc0 ls2 ws12\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e goo<span class=\"_ _4\"></span>dw<span class=\"_ _4\"></span>ill acq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d in a b<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>mbi<span class=\"_ _4\"></span>nati<span class=\"_ _4\"></span>on, for t<span class=\"_ _4\"></span>he pu<span class=\"_ _4\"></span>rp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>e of im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt tes<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing, is all<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d to c<span class=\"_ _4\"></span>ash<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 x14 hb y5a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y5b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">er<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ng uni<span class=\"_ _4\"></span>ts t<span class=\"_ _4\"></span>hat a<span class=\"_ _4\"></span>re ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted t<span class=\"_ _4\"></span>o ben<span class=\"_ _4\"></span>e\ufb01t f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>yn<span class=\"_ _4\"></span>ergi<span class=\"_ _4\"></span>es of t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>mbin<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n.</div>\n<div class=\"t m1bc x1 hb y5c ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">An i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>ir<span class=\"_ _4\"></span>ment l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d if t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>yi<span class=\"_ _4\"></span>ng am<span class=\"_ _4\"></span>ount o<span class=\"_ _4\"></span>f an as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t or it<span class=\"_ _4\"></span>s c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h-<span class=\"_ _4\"></span>g<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ing u<span class=\"_ _4\"></span>nit exce<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>s it<span class=\"_ _4\"></span>s es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mat<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ed re<span class=\"_ _4\"></span>cove<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ble am<span class=\"_ _4\"></span>ou<span class=\"_ _4\"></span>nt. Al<span class=\"_ _4\"></span>l imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t los<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n the p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent.</div>\n<div class=\"t m1d8 x1 hb y5e ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d in res<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t of c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h-<span class=\"_ _4\"></span>g<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ting u<span class=\"_ _4\"></span>nit<span class=\"_ _4\"></span>s are a<span class=\"_ _4\"></span>lloc<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d \ufb01r<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t to re<span class=\"_ _4\"></span>duc<span class=\"_ _4\"></span>e the c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>ing a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt</div>\n<div class=\"t m10 x1 hb y5f ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">of any go<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>will al<span class=\"_ _4\"></span>loc<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e unit<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>en to re<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>ce th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _4\"></span>ng amo<span class=\"_ _4\"></span>unt of t<span class=\"_ _4\"></span>he ot<span class=\"_ _4\"></span>her a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s in t<span class=\"_ _4\"></span>he uni<span class=\"_ _4\"></span>t (g<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p</div>\n<div class=\"t m8 x1 hb y60 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of uni<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s) on a pro r<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>a ba<span class=\"_ _4\"></span>sis<span class=\"_ _4\"></span>.</div>\n<div class=\"t m136 x1 hb y75 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">An i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>ir<span class=\"_ _4\"></span>ment l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s in re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t of g<span class=\"_ _4\"></span>oo<span class=\"_ _4\"></span>dwi<span class=\"_ _4\"></span>ll is not re<span class=\"_ _4\"></span>ver<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d. In re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t of ot<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>r as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s, i<span class=\"_ _4\"></span>mpai<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>ent lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ses i<span class=\"_ _4\"></span>n pr<span class=\"_ _4\"></span>ior p<span class=\"_ _4\"></span>e<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1d9 x1 hb y76 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">ri<span class=\"_ _4\"></span>ods a<span class=\"_ _4\"></span>re as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>t each r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing da<span class=\"_ _4\"></span>te for in<span class=\"_ _4\"></span>dic<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ons t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he los<span class=\"_ _4\"></span>s has d<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>r no lon<span class=\"_ _4\"></span>ger ex<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s. A<span class=\"_ _4\"></span>n im<span class=\"_ _4\"></span>pair<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1da x1 hb y61 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t los<span class=\"_ _4\"></span>s is reve<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>sed i<span class=\"_ _4\"></span>f th<span class=\"_ _4\"></span>ere has b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n a cha<span class=\"_ _4\"></span>nge i<span class=\"_ _4\"></span>n the e<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>es us<span class=\"_ _4\"></span>ed to d<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>ne th<span class=\"_ _4\"></span>e rec<span class=\"_ _4\"></span>over<span class=\"_ _4\"></span>able a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt. A<span class=\"_ _4\"></span>n</div>\n<div class=\"t m1db x1 hb y77 ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s is r<span class=\"_ _4\"></span>ever<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d onl<span class=\"_ _4\"></span>y to th<span class=\"_ _4\"></span>e ex<span class=\"_ _4\"></span>tent t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>\u2019s car<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>ing am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>t doe<span class=\"_ _4\"></span>s not exc<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>d the c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>ing a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt</div>\n<div class=\"t m1dc x1 hb y63 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">tha<span class=\"_ _4\"></span>t woul<span class=\"_ _4\"></span>d have be<span class=\"_ _4\"></span>en de<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>min<span class=\"_ _4\"></span>ed, net of d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>iatio<span class=\"_ _4\"></span>n or am<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n, if no im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s ha<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>en re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 344px; height: 408px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 344px; height: 795px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag452": {
   "value": "\n<div class=\"t m0 x1 h6 y1ba ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Financial assets</div>\n<div class=\"t m1c7 x1 hb y80 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">Fina<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s m<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ured a<span class=\"_ _4\"></span>t amo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d cos<span class=\"_ _4\"></span>t are a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ed eac<span class=\"_ _4\"></span>h re<span class=\"_ _4\"></span>por<span class=\"_ _7\"></span>ti<span class=\"_ _4\"></span>ng date t<span class=\"_ _4\"></span>o dete<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>mine w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>it ri<span class=\"_ _4\"></span>sk</div>\n<div class=\"t m1c8 x1 hb y81 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">of a \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l as<span class=\"_ _4\"></span>set ha<span class=\"_ _4\"></span>s inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>ed s<span class=\"_ _4\"></span>igni<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>antl<span class=\"_ _4\"></span>y sinc<span class=\"_ _4\"></span>e init<span class=\"_ _4\"></span>ial re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on. Th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>s a los<span class=\"_ _4\"></span>s all<span class=\"_ _4\"></span>owan<span class=\"_ _4\"></span>ce for</div>\n<div class=\"t m8 x1 hb y82 ff1 fs9 fc2 sc0 ls2 ws24\" style=\"z-index: 15;\">ex<span class=\"_ _4\"></span>pec<span class=\"_ _7\"></span>ted c<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>dit lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es (<span class=\"_ _4\"></span>ECL<span class=\"_ _2\"></span>\u2019s) whic<span class=\"_ _4\"></span>h is bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e dif<span class=\"_ _7\"></span>fere<span class=\"_ _4\"></span>nce b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>we<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ual c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s due i<span class=\"_ _4\"></span>n acc<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m1c9 x1 hb y83 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">anc<span class=\"_ _4\"></span>e wit<span class=\"_ _4\"></span>h the c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t and a<span class=\"_ _4\"></span>ll the c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s tha<span class=\"_ _4\"></span>t the Gr<span class=\"_ _4\"></span>oup e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s to r<span class=\"_ _4\"></span>ecei<span class=\"_ _4\"></span>ve, disco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d at an a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>roxi<span class=\"_ _4\"></span>matio<span class=\"_ _4\"></span>n of</div>\n<div class=\"t mc6 x1 hb y84 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">the o<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ginal e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>tive i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>st r<span class=\"_ _4\"></span>ate. T<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s will i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s fro<span class=\"_ _4\"></span>m the s<span class=\"_ _4\"></span>ale o<span class=\"_ _4\"></span>f collat<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>al hel<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 x1 hb y85 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">or ot<span class=\"_ _4\"></span>her c<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>it en<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>cem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>hat are a<span class=\"_ _4\"></span>n inte<span class=\"_ _4\"></span>gr<span class=\"_ _4\"></span>al par<span class=\"_ _7\"></span>t of t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t te<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ms.</div>\n<div class=\"t m1ca x1 hb y86 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">In de<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>mini<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e cre<span class=\"_ _4\"></span>dit r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k of a \ufb01nan<span class=\"_ _4\"></span>cial a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et an<span class=\"_ _4\"></span>d whe<span class=\"_ _4\"></span>n es<span class=\"_ _4\"></span>tim<span class=\"_ _4\"></span>atin<span class=\"_ _4\"></span>g the ECL<span class=\"_ _1\"></span>\u2019<span class=\"_ _3\"></span>s, the Gr<span class=\"_ _4\"></span>oup c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>rs r<span class=\"_ _4\"></span>easo<span class=\"_ _4\"></span>nab<span class=\"_ _4\"></span>le</div>\n<div class=\"t m1cb x1 hb y87 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">and s<span class=\"_ _4\"></span>up<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e info<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n tha<span class=\"_ _4\"></span>t is rel<span class=\"_ _4\"></span>evan<span class=\"_ _4\"></span>t and av<span class=\"_ _4\"></span>ailab<span class=\"_ _4\"></span>le wi<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>ut u<span class=\"_ _4\"></span>ndu<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t or e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>for<span class=\"_ _7\"></span>t. T<span class=\"_ _4\"></span>his in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>s bot<span class=\"_ _4\"></span>h qua<span class=\"_ _4\"></span>n<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1cc x1 hb y8c ff1 fs9 fc2 sc0 ls1f ws2d\" style=\"z-index: 15;\">titative and qua<span class=\"_ _3\"></span>litative in<span class=\"_ _3\"></span>formation and an<span class=\"_ _3\"></span>alysis,<span class=\"_ _3\"></span> based on the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>s historic<span class=\"_ _4\"></span>al e<span class=\"_ _3\"></span>xper<span class=\"_ _4\"></span>ience and<span class=\"_ _3\"></span> informed credit</div>\n<div class=\"t m8 x1 hb y88 ff1 fs9 fc2 sc0 ls28 ws1a\" style=\"z-index: 15;\">asse<span class=\"_ _4\"></span>ssment and including for<span class=\"_ _4\"></span>ward-<span class=\"_ _4\"></span>looking information.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 905px; height: 193px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag469": {
   "value": "\n<div class=\"t m0 x1 h6 y1b1 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Non-\ufb01<span class=\"_ _4\"></span>nancial ass<span class=\"_ _4\"></span>ets</div>\n<div class=\"t m1d0 x1 hb y50 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e car<span class=\"_ _4\"></span>r<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g valu<span class=\"_ _4\"></span>e of non<span class=\"_ _4\"></span>-\ufb01n<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts<span class=\"_ _4\"></span>, othe<span class=\"_ _4\"></span>r tha<span class=\"_ _4\"></span>n def<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>red t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s, a<span class=\"_ _4\"></span>re revi<span class=\"_ _4\"></span>ewe<span class=\"_ _4\"></span>d at eac<span class=\"_ _4\"></span>h bala<span class=\"_ _4\"></span>nce s<span class=\"_ _4\"></span>hee<span class=\"_ _4\"></span>t date</div>\n<div class=\"t m1d1 x1 hb y51 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">to de<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>min<span class=\"_ _4\"></span>e whe<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>ere is a<span class=\"_ _4\"></span>n ind<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n of imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt. If a<span class=\"_ _4\"></span>ny suc<span class=\"_ _4\"></span>h in<span class=\"_ _4\"></span>dic<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n ex<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s, the a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>\u2019s recove<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ble</div>\n<div class=\"t m8 x1 hb y52 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amo<span class=\"_ _4\"></span>unt i<span class=\"_ _4\"></span>s es<span class=\"_ _4\"></span>tim<span class=\"_ _4\"></span>ated.</div>\n<div class=\"t m1d2 x1 hb y53 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">For g<span class=\"_ _4\"></span>ood<span class=\"_ _4\"></span>will a<span class=\"_ _4\"></span>nd in<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ngib<span class=\"_ _4\"></span>le as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>hat have i<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>\ufb01nite l<span class=\"_ _4\"></span>ives o<span class=\"_ _4\"></span>r that a<span class=\"_ _4\"></span>re not yet av<span class=\"_ _4\"></span>ailab<span class=\"_ _4\"></span>le fo<span class=\"_ _4\"></span>r use t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>cover<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le</div>\n<div class=\"t m8 x1 hb y54 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amo<span class=\"_ _4\"></span>unt i<span class=\"_ _4\"></span>s es<span class=\"_ _4\"></span>tim<span class=\"_ _4\"></span>ated o<span class=\"_ _4\"></span>n eac<span class=\"_ _4\"></span>h bala<span class=\"_ _4\"></span>nce s<span class=\"_ _4\"></span>hee<span class=\"_ _4\"></span>t date.</div>\n<div class=\"t m1d3 x1 hb y73 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">The r<span class=\"_ _4\"></span>ecove<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ble a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt of an as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t or c<span class=\"_ _4\"></span>ash<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ng uni<span class=\"_ _4\"></span>t (CGU) is th<span class=\"_ _4\"></span>e grea<span class=\"_ _4\"></span>ter of it<span class=\"_ _4\"></span>s v<span class=\"_ _4\"></span>alue i<span class=\"_ _4\"></span>n use a<span class=\"_ _4\"></span>nd it<span class=\"_ _4\"></span>s f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue</div>\n<div class=\"t m1d4 x1 hb y55 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">les<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ts t<span class=\"_ _4\"></span>o sel<span class=\"_ _4\"></span>l. In as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ing v<span class=\"_ _4\"></span>alue i<span class=\"_ _4\"></span>n use, th<span class=\"_ _4\"></span>e es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d fu<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>sh \ufb02o<span class=\"_ _4\"></span>ws ar<span class=\"_ _4\"></span>e dis<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted t<span class=\"_ _4\"></span>o the<span class=\"_ _4\"></span>ir pr<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>nt val<span class=\"_ _4\"></span>ue us<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1d5 x1 hb y56 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">ing a p<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>-t<span class=\"_ _4\"></span>ax d<span class=\"_ _4\"></span>isc<span class=\"_ _4\"></span>ount r<span class=\"_ _4\"></span>ate t<span class=\"_ _4\"></span>hat r<span class=\"_ _4\"></span>e\ufb02ec<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>s cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nt mar<span class=\"_ _4\"></span>ket as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>sme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s of t<span class=\"_ _4\"></span>he tim<span class=\"_ _4\"></span>e valu<span class=\"_ _4\"></span>e of mo<span class=\"_ _4\"></span>ney an<span class=\"_ _4\"></span>d the r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ci\ufb01c<span class=\"_ _4\"></span> </div>\n<div class=\"t m1d6 x1 hb y57 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">to th<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>. For t<span class=\"_ _4\"></span>he pu<span class=\"_ _4\"></span>rp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>e of im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt te<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ing, as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s tha<span class=\"_ _4\"></span>t ca<span class=\"_ _4\"></span>nnot b<span class=\"_ _4\"></span>e tes<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d in<span class=\"_ _4\"></span>div<span class=\"_ _4\"></span>idua<span class=\"_ _4\"></span>lly are g<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>d tog<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>her</div>\n<div class=\"t m1d7 x1 hb y58 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">into t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>malle<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t gro<span class=\"_ _4\"></span>up of as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s tha<span class=\"_ _4\"></span>t gen<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ates c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h in\ufb02<span class=\"_ _4\"></span>ows f<span class=\"_ _4\"></span>rom c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>inui<span class=\"_ _4\"></span>ng us<span class=\"_ _4\"></span>e tha<span class=\"_ _4\"></span>t are lar<span class=\"_ _4\"></span>gel<span class=\"_ _4\"></span>y ind<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>ent o<span class=\"_ _4\"></span>f</div>\n<div class=\"t m8 x1 hb y59 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>sh in\ufb02<span class=\"_ _4\"></span>ows o<span class=\"_ _4\"></span>f othe<span class=\"_ _4\"></span>r as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>r CGUs.</div>\n<div class=\"t m8 x1 hb y1f9 ff1 fs9 fc2 sc0 ls2 ws12\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e goo<span class=\"_ _4\"></span>dw<span class=\"_ _4\"></span>ill acq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d in a b<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>mbi<span class=\"_ _4\"></span>nati<span class=\"_ _4\"></span>on, for t<span class=\"_ _4\"></span>he pu<span class=\"_ _4\"></span>rp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>e of im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt tes<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing, is all<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d to c<span class=\"_ _4\"></span>ash<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 x14 hb y5a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y5b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">er<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ng uni<span class=\"_ _4\"></span>ts t<span class=\"_ _4\"></span>hat a<span class=\"_ _4\"></span>re ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted t<span class=\"_ _4\"></span>o ben<span class=\"_ _4\"></span>e\ufb01t f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>yn<span class=\"_ _4\"></span>ergi<span class=\"_ _4\"></span>es of t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>mbin<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n.</div>\n<div class=\"t m1bc x1 hb y5c ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">An i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>ir<span class=\"_ _4\"></span>ment l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d if t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>yi<span class=\"_ _4\"></span>ng am<span class=\"_ _4\"></span>ount o<span class=\"_ _4\"></span>f an as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t or it<span class=\"_ _4\"></span>s c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h-<span class=\"_ _4\"></span>g<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ing u<span class=\"_ _4\"></span>nit exce<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>s it<span class=\"_ _4\"></span>s es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mat<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ed re<span class=\"_ _4\"></span>cove<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ble am<span class=\"_ _4\"></span>ou<span class=\"_ _4\"></span>nt. Al<span class=\"_ _4\"></span>l imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t los<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n the p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent.</div>\n<div class=\"t m1d8 x1 hb y5e ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d in res<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t of c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h-<span class=\"_ _4\"></span>g<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ting u<span class=\"_ _4\"></span>nit<span class=\"_ _4\"></span>s are a<span class=\"_ _4\"></span>lloc<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d \ufb01r<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t to re<span class=\"_ _4\"></span>duc<span class=\"_ _4\"></span>e the c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>ing a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt</div>\n<div class=\"t m10 x1 hb y5f ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">of any go<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>will al<span class=\"_ _4\"></span>loc<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e unit<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>en to re<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>ce th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _4\"></span>ng amo<span class=\"_ _4\"></span>unt of t<span class=\"_ _4\"></span>he ot<span class=\"_ _4\"></span>her a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s in t<span class=\"_ _4\"></span>he uni<span class=\"_ _4\"></span>t (g<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p</div>\n<div class=\"t m8 x1 hb y60 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of uni<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s) on a pro r<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>a ba<span class=\"_ _4\"></span>sis<span class=\"_ _4\"></span>.</div>\n<div class=\"t m136 x1 hb y75 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">An i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>ir<span class=\"_ _4\"></span>ment l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s in re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t of g<span class=\"_ _4\"></span>oo<span class=\"_ _4\"></span>dwi<span class=\"_ _4\"></span>ll is not re<span class=\"_ _4\"></span>ver<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d. In re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t of ot<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>r as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s, i<span class=\"_ _4\"></span>mpai<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>ent lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ses i<span class=\"_ _4\"></span>n pr<span class=\"_ _4\"></span>ior p<span class=\"_ _4\"></span>e<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1d9 x1 hb y76 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">ri<span class=\"_ _4\"></span>ods a<span class=\"_ _4\"></span>re as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>t each r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing da<span class=\"_ _4\"></span>te for in<span class=\"_ _4\"></span>dic<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ons t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he los<span class=\"_ _4\"></span>s has d<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>r no lon<span class=\"_ _4\"></span>ger ex<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s. A<span class=\"_ _4\"></span>n im<span class=\"_ _4\"></span>pair<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1da x1 hb y61 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t los<span class=\"_ _4\"></span>s is reve<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>sed i<span class=\"_ _4\"></span>f th<span class=\"_ _4\"></span>ere has b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n a cha<span class=\"_ _4\"></span>nge i<span class=\"_ _4\"></span>n the e<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>es us<span class=\"_ _4\"></span>ed to d<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>ne th<span class=\"_ _4\"></span>e rec<span class=\"_ _4\"></span>over<span class=\"_ _4\"></span>able a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt. A<span class=\"_ _4\"></span>n</div>\n<div class=\"t m1db x1 hb y77 ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s is r<span class=\"_ _4\"></span>ever<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d onl<span class=\"_ _4\"></span>y to th<span class=\"_ _4\"></span>e ex<span class=\"_ _4\"></span>tent t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>\u2019s car<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>ing am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>t doe<span class=\"_ _4\"></span>s not exc<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>d the c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>ing a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt</div>\n<div class=\"t m1dc x1 hb y63 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">tha<span class=\"_ _4\"></span>t woul<span class=\"_ _4\"></span>d have be<span class=\"_ _4\"></span>en de<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>min<span class=\"_ _4\"></span>ed, net of d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>iatio<span class=\"_ _4\"></span>n or am<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n, if no im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s ha<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>en re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 344px; height: 408px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag446": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x1 h13 y79 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">H. <span class=\"_ _d6\"> </span>A<span class=\"_ _4\"></span>SSETS HELD FOR SALE</div>\n<div class=\"t m1dd x1 hb y67 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">Non<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ent as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s, or di<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>al gro<span class=\"_ _4\"></span>ups c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>sing a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liab<span class=\"_ _4\"></span>ilitie<span class=\"_ _4\"></span>s, th<span class=\"_ _4\"></span>at are ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to be r<span class=\"_ _4\"></span>ecover<span class=\"_ _4\"></span>ed p<span class=\"_ _4\"></span>rim<span class=\"_ _4\"></span>ari<span class=\"_ _4\"></span>ly</div>\n<div class=\"t m1de x1 hb y68 ff1 fs9 fc2 sc0 ls20 wsc\" style=\"z-index: 15;\">thr<span class=\"_ _4\"></span>oug<span class=\"_ _4\"></span>h sal<span class=\"_ _4\"></span>e ra<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r tha<span class=\"_ _4\"></span>n thr<span class=\"_ _4\"></span>oug<span class=\"_ _4\"></span>h cont<span class=\"_ _4\"></span>inui<span class=\"_ _4\"></span>ng us<span class=\"_ _4\"></span>e, are clas<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed a<span class=\"_ _4\"></span>s hel<span class=\"_ _4\"></span>d for s<span class=\"_ _4\"></span>ale. Imm<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>ately b<span class=\"_ _4\"></span>efo<span class=\"_ _4\"></span>re cla<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>i\ufb01c<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on as h<span class=\"_ _4\"></span>eld</div>\n<div class=\"t m11e x1 hb y69 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">for s<span class=\"_ _4\"></span>ale, the a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s (or co<span class=\"_ _4\"></span>mpo<span class=\"_ _4\"></span>nen<span class=\"_ _4\"></span>ts o<span class=\"_ _4\"></span>f a dis<span class=\"_ _4\"></span>pos<span class=\"_ _4\"></span>al gr<span class=\"_ _4\"></span>oup) ar<span class=\"_ _4\"></span>e rem<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>red i<span class=\"_ _4\"></span>n acco<span class=\"_ _4\"></span>rda<span class=\"_ _4\"></span>nce wi<span class=\"_ _4\"></span>th t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up\u2019<span class=\"_ _1\"></span>s ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>g</div>\n<div class=\"t m1df x1 hb y6a ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">po<span class=\"_ _4\"></span>licie<span class=\"_ _4\"></span>s. Th<span class=\"_ _4\"></span>erea<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>ter t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s (or dis<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sal g<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p) are meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at t<span class=\"_ _4\"></span>he lowe<span class=\"_ _4\"></span>r of th<span class=\"_ _4\"></span>eir c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>yi<span class=\"_ _4\"></span>ng am<span class=\"_ _4\"></span>ount a<span class=\"_ _4\"></span>nd f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue</div>\n<div class=\"t m1e0 x1 hb y7b ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">les<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>st t<span class=\"_ _4\"></span>o sell. A<span class=\"_ _4\"></span>ny im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt lo<span class=\"_ _4\"></span>ss o<span class=\"_ _4\"></span>n a dis<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sal g<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p is allo<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>ted \ufb01r<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t to g<span class=\"_ _4\"></span>ood<span class=\"_ _4\"></span>will, an<span class=\"_ _4\"></span>d the<span class=\"_ _4\"></span>n to t<span class=\"_ _4\"></span>he rem<span class=\"_ _4\"></span>ainin<span class=\"_ _4\"></span>g</div>\n<div class=\"t m8 x1 hb y6b ff1 fs9 fc2 sc0 ls2 ws3b\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>ies o<span class=\"_ _4\"></span>n a pro r<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>a ba<span class=\"_ _4\"></span>sis exc<span class=\"_ _4\"></span>ept t<span class=\"_ _4\"></span>hat no l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s is all<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d to as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s n<span class=\"_ _4\"></span>ot in th<span class=\"_ _4\"></span>e meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt sco<span class=\"_ _4\"></span>pe o<span class=\"_ _4\"></span>f</div>\n<div class=\"t m1e1 x1 hb y6c ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">IFRS 5, whi<span class=\"_ _4\"></span>ch co<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>ue to b<span class=\"_ _4\"></span>e meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d in ac<span class=\"_ _4\"></span>cor<span class=\"_ _4\"></span>dan<span class=\"_ _4\"></span>ce wi<span class=\"_ _4\"></span>th t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up\u2019<span class=\"_ _1\"></span>s ot<span class=\"_ _4\"></span>her a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng po<span class=\"_ _4\"></span>licie<span class=\"_ _4\"></span>s. I<span class=\"_ _4\"></span>nta<span class=\"_ _4\"></span>ngib<span class=\"_ _4\"></span>le as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s</div>\n<div class=\"t m1e2 x1 hb y6d ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">and p<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>per<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>, plan<span class=\"_ _4\"></span>t and e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>pm<span class=\"_ _4\"></span>ent o<span class=\"_ _4\"></span>nce cl<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>si\ufb01<span class=\"_ _4\"></span>ed as h<span class=\"_ _4\"></span>eld fo<span class=\"_ _4\"></span>r sa<span class=\"_ _4\"></span>le or di<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n are no<span class=\"_ _4\"></span>t amo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d or de<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>ecia<span class=\"_ _4\"></span>ted.</div>\n<div class=\"t m1e3 x1 hb y6e ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">In ad<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ion, e<span class=\"_ _4\"></span>quit<span class=\"_ _7\"></span>y acco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng of e<span class=\"_ _4\"></span>quit<span class=\"_ _7\"></span>y acco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es cea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s once c<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed as h<span class=\"_ _4\"></span>eld fo<span class=\"_ _4\"></span>r sal<span class=\"_ _4\"></span>e or dis<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>but<span class=\"_ _4\"></span>ion.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 129px; height: 185px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 129px; height: 185px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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  "Tag458": {
   "value": "\n<div class=\"t m0 x1 h13 y79 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">H. <span class=\"_ _d6\"> </span>A<span class=\"_ _4\"></span>SSETS HELD FOR SALE</div>\n<div class=\"t m1dd x1 hb y67 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">Non<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ent as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s, or di<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>al gro<span class=\"_ _4\"></span>ups c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>sing a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liab<span class=\"_ _4\"></span>ilitie<span class=\"_ _4\"></span>s, th<span class=\"_ _4\"></span>at are ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to be r<span class=\"_ _4\"></span>ecover<span class=\"_ _4\"></span>ed p<span class=\"_ _4\"></span>rim<span class=\"_ _4\"></span>ari<span class=\"_ _4\"></span>ly</div>\n<div class=\"t m1de x1 hb y68 ff1 fs9 fc2 sc0 ls20 wsc\" style=\"z-index: 15;\">thr<span class=\"_ _4\"></span>oug<span class=\"_ _4\"></span>h sal<span class=\"_ _4\"></span>e ra<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r tha<span class=\"_ _4\"></span>n thr<span class=\"_ _4\"></span>oug<span class=\"_ _4\"></span>h cont<span class=\"_ _4\"></span>inui<span class=\"_ _4\"></span>ng us<span class=\"_ _4\"></span>e, are clas<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed a<span class=\"_ _4\"></span>s hel<span class=\"_ _4\"></span>d for s<span class=\"_ _4\"></span>ale. Imm<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>ately b<span class=\"_ _4\"></span>efo<span class=\"_ _4\"></span>re cla<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>i\ufb01c<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on as h<span class=\"_ _4\"></span>eld</div>\n<div class=\"t m11e x1 hb y69 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">for s<span class=\"_ _4\"></span>ale, the a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s (or co<span class=\"_ _4\"></span>mpo<span class=\"_ _4\"></span>nen<span class=\"_ _4\"></span>ts o<span class=\"_ _4\"></span>f a dis<span class=\"_ _4\"></span>pos<span class=\"_ _4\"></span>al gr<span class=\"_ _4\"></span>oup) ar<span class=\"_ _4\"></span>e rem<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>red i<span class=\"_ _4\"></span>n acco<span class=\"_ _4\"></span>rda<span class=\"_ _4\"></span>nce wi<span class=\"_ _4\"></span>th t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up\u2019<span class=\"_ _1\"></span>s ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>g</div>\n<div class=\"t m1df x1 hb y6a ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">po<span class=\"_ _4\"></span>licie<span class=\"_ _4\"></span>s. Th<span class=\"_ _4\"></span>erea<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>ter t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s (or dis<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sal g<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p) are meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at t<span class=\"_ _4\"></span>he lowe<span class=\"_ _4\"></span>r of th<span class=\"_ _4\"></span>eir c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>yi<span class=\"_ _4\"></span>ng am<span class=\"_ _4\"></span>ount a<span class=\"_ _4\"></span>nd f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue</div>\n<div class=\"t m1e0 x1 hb y7b ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">les<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>st t<span class=\"_ _4\"></span>o sell. A<span class=\"_ _4\"></span>ny im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt lo<span class=\"_ _4\"></span>ss o<span class=\"_ _4\"></span>n a dis<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sal g<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p is allo<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>ted \ufb01r<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t to g<span class=\"_ _4\"></span>ood<span class=\"_ _4\"></span>will, an<span class=\"_ _4\"></span>d the<span class=\"_ _4\"></span>n to t<span class=\"_ _4\"></span>he rem<span class=\"_ _4\"></span>ainin<span class=\"_ _4\"></span>g</div>\n<div class=\"t m8 x1 hb y6b ff1 fs9 fc2 sc0 ls2 ws3b\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>ies o<span class=\"_ _4\"></span>n a pro r<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>a ba<span class=\"_ _4\"></span>sis exc<span class=\"_ _4\"></span>ept t<span class=\"_ _4\"></span>hat no l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s is all<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d to as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s n<span class=\"_ _4\"></span>ot in th<span class=\"_ _4\"></span>e meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt sco<span class=\"_ _4\"></span>pe o<span class=\"_ _4\"></span>f</div>\n<div class=\"t m1e1 x1 hb y6c ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">IFRS 5, whi<span class=\"_ _4\"></span>ch co<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>ue to b<span class=\"_ _4\"></span>e meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d in ac<span class=\"_ _4\"></span>cor<span class=\"_ _4\"></span>dan<span class=\"_ _4\"></span>ce wi<span class=\"_ _4\"></span>th t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up\u2019<span class=\"_ _1\"></span>s ot<span class=\"_ _4\"></span>her a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng po<span class=\"_ _4\"></span>licie<span class=\"_ _4\"></span>s. I<span class=\"_ _4\"></span>nta<span class=\"_ _4\"></span>ngib<span class=\"_ _4\"></span>le as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s</div>\n<div class=\"t m1e2 x1 hb y6d ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">and p<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>per<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>, plan<span class=\"_ _4\"></span>t and e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>pm<span class=\"_ _4\"></span>ent o<span class=\"_ _4\"></span>nce cl<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>si\ufb01<span class=\"_ _4\"></span>ed as h<span class=\"_ _4\"></span>eld fo<span class=\"_ _4\"></span>r sa<span class=\"_ _4\"></span>le or di<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n are no<span class=\"_ _4\"></span>t amo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d or de<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>ecia<span class=\"_ _4\"></span>ted.</div>\n<div class=\"t m1e3 x1 hb y6e ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">In ad<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ion, e<span class=\"_ _4\"></span>quit<span class=\"_ _7\"></span>y acco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng of e<span class=\"_ _4\"></span>quit<span class=\"_ _7\"></span>y acco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es cea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s once c<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed as h<span class=\"_ _4\"></span>eld fo<span class=\"_ _4\"></span>r sal<span class=\"_ _4\"></span>e or dis<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>but<span class=\"_ _4\"></span>ion.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 129px; height: 185px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag471": {
   "value": "\n<div class=\"t m0 xe h13 y42 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">I. <span class=\"_ _13\"> </span><span class=\"ls4c ws52\">INVENTOR<span class=\"_ _4\"></span>IES</span></div>\n<div class=\"t m8 xe hb y7f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Inven<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>ies ar<span class=\"_ _4\"></span>e valu<span class=\"_ _4\"></span>ed at t<span class=\"_ _4\"></span>he lo<span class=\"_ _4\"></span>wer of co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t and n<span class=\"_ _4\"></span>et reali<span class=\"_ _4\"></span>sa<span class=\"_ _4\"></span>ble v<span class=\"_ _4\"></span>alue.</div>\n<div class=\"t m8 xe hb y1fa ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Co<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>ncu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ed in b<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ngin<span class=\"_ _4\"></span>g eac<span class=\"_ _4\"></span>h pro<span class=\"_ _4\"></span>duc<span class=\"_ _7\"></span>t to it<span class=\"_ _4\"></span>s p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ent lo<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n and c<span class=\"_ _4\"></span>ond<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n are a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d for<span class=\"_ _1\"></span>, a<span class=\"_ _4\"></span>s foll<span class=\"_ _4\"></span>ows:</div>\n<div class=\"t m8 xe hb y1fb ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Raw mat<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ials an<span class=\"_ _4\"></span>d go<span class=\"_ _4\"></span>od p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>ed fo<span class=\"_ _4\"></span>r res<span class=\"_ _4\"></span>ale: pu<span class=\"_ _4\"></span>rch<span class=\"_ _4\"></span>ase c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t on a \ufb01r<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t-in<span class=\"_ _4\"></span>/\ufb01r<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t-o<span class=\"_ _4\"></span>ut ba<span class=\"_ _4\"></span>sis;</div>\n<div class=\"t m8 xe hb y1fc ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m1e4 x3f hb y81 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">Wor<span class=\"_ _4\"></span>k in pro<span class=\"_ _4\"></span>gre<span class=\"_ _4\"></span>ss a<span class=\"_ _4\"></span>nd \ufb01ni<span class=\"_ _4\"></span>she<span class=\"_ _4\"></span>d go<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>s: cos<span class=\"_ _4\"></span>t of di<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>t ma<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>ial an<span class=\"_ _4\"></span>d lab<span class=\"_ _4\"></span>or an<span class=\"_ _4\"></span>d a pro<span class=\"_ _4\"></span>por<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of man<span class=\"_ _4\"></span>uf<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ng over<span class=\"ws2\">-</span></div>\n<div class=\"t m8 x3f hb y82 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">hea<span class=\"_ _4\"></span>ds ba<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d on t<span class=\"_ _4\"></span>he nor<span class=\"_ _4\"></span>m<span class=\"_ _4\"></span>al op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atin<span class=\"_ _4\"></span>g ca<span class=\"_ _4\"></span>pac<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y b<span class=\"_ _4\"></span>ut excl<span class=\"_ _4\"></span>udi<span class=\"_ _4\"></span>ng bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owi<span class=\"_ _4\"></span>ng cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m1e5 xe hb y83 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Net r<span class=\"_ _4\"></span>ealiz<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e val<span class=\"_ _4\"></span>ue is t<span class=\"_ _4\"></span>he es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d sel<span class=\"_ _4\"></span>ling p<span class=\"_ _4\"></span>ric<span class=\"_ _4\"></span>e in th<span class=\"_ _4\"></span>e ord<span class=\"_ _4\"></span>inar<span class=\"_ _7\"></span>y co<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>se of b<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s le<span class=\"_ _4\"></span>ss t<span class=\"_ _4\"></span>he e<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>ed co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ts o<span class=\"_ _4\"></span>f</div>\n<div class=\"t m8 xe hb y84 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>ple<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n and t<span class=\"_ _4\"></span>he es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s of co<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>leti<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e sal<span class=\"_ _4\"></span>e.</div>\n<div class=\"t m1e6 xe hb y85 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Wri<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>-o<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>s on inve<span class=\"_ _4\"></span>ntor<span class=\"_ _4\"></span>ies ar<span class=\"_ _4\"></span>e app<span class=\"_ _4\"></span>lie<span class=\"_ _4\"></span>d on sl<span class=\"_ _4\"></span>ow-<span class=\"_ _4\"></span>mov<span class=\"_ _4\"></span>ing it<span class=\"_ _4\"></span>ems<span class=\"_ _4\"></span>. The c<span class=\"_ _4\"></span>alc<span class=\"_ _4\"></span>ulat<span class=\"_ _4\"></span>ion of t<span class=\"_ _4\"></span>he all<span class=\"_ _4\"></span>owa<span class=\"_ _4\"></span>nce is b<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d on c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t</div>\n<div class=\"t m1e7 x3d hb y85 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 xe hb y86 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ent<span class=\"_ _4\"></span>ly ap<span class=\"_ _4\"></span>plie<span class=\"_ _4\"></span>d wr<span class=\"_ _4\"></span>ite<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>of<span class=\"_ _7\"></span>f r<span class=\"_ _4\"></span>ules, w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h de<span class=\"_ _4\"></span>pen<span class=\"_ _4\"></span>d on b<span class=\"_ _4\"></span>oth hi<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>al and f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure d<span class=\"_ _4\"></span>ema<span class=\"_ _4\"></span>nd.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 954px; height: 185px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag451": {
   "value": "\n<div><br/></div>\n<div class=\"t m0 xe h13 y88 ff3 fs4 fc0 sc0 ls50 ws57\" style=\"z-index: 15;\">J. <span class=\"_ _c9\"> </span><span class=\"ls2 ws2\">E<span class=\"_ _4\"></span>MPLO<span class=\"_ _1\"></span>YEE B<span class=\"_ _4\"></span>ENEFITS</span></div>\n<div class=\"t m0 xe h6 y1f8 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">De\ufb01ned contribution plans</div>\n<div class=\"t m1e8 xe hb y8b ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Ob<span class=\"_ _4\"></span>ligat<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s for co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ib<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>ons to d<span class=\"_ _4\"></span>e\ufb01n<span class=\"_ _4\"></span>ed co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ib<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>on p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>ion p<span class=\"_ _4\"></span>lans a<span class=\"_ _4\"></span>re rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d as an e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>e in t<span class=\"_ _4\"></span>he pr<span class=\"_ _4\"></span>o\ufb01t or</div>\n<div class=\"t m8 xe hb y4a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">los<span class=\"_ _4\"></span>s s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent as t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>vi<span class=\"_ _4\"></span>ce is pr<span class=\"_ _4\"></span>ovid<span class=\"_ _4\"></span>ed.</div>\n<div class=\"t m0 xe h6 y1fd ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">De\ufb01ned bene\ufb01t plans</div>\n<div class=\"t m1e9 xe hb y4e ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">The G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s net o<span class=\"_ _4\"></span>bliga<span class=\"_ _4\"></span>tion i<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t of de<span class=\"_ _4\"></span>\ufb01ne<span class=\"_ _4\"></span>d ben<span class=\"_ _4\"></span>e\ufb01t p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>ion p<span class=\"_ _4\"></span>lans i<span class=\"_ _4\"></span>s cal<span class=\"_ _4\"></span>cula<span class=\"_ _4\"></span>ted s<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>ara<span class=\"_ _4\"></span>tely fo<span class=\"_ _4\"></span>r eac<span class=\"_ _4\"></span>h plan b<span class=\"_ _4\"></span>y</div>\n<div class=\"t m1ea xe hb y72 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mati<span class=\"_ _4\"></span>ng the a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt of f<span class=\"_ _4\"></span>utu<span class=\"_ _4\"></span>re b<span class=\"_ _4\"></span>ene\ufb01<span class=\"_ _4\"></span>t tha<span class=\"_ _4\"></span>t emp<span class=\"_ _4\"></span>loyee<span class=\"_ _4\"></span>s have ear<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>d in re<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>n fo<span class=\"_ _4\"></span>r the<span class=\"_ _4\"></span>ir se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>vi<span class=\"_ _4\"></span>ce in t<span class=\"_ _4\"></span>he cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ent an<span class=\"_ _4\"></span>d</div>\n<div class=\"t m1eb xe hb y4f ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">pr<span class=\"_ _4\"></span>ior p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod<span class=\"_ _4\"></span>s; dis<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>ng tha<span class=\"_ _4\"></span>t amo<span class=\"_ _4\"></span>unt an<span class=\"_ _4\"></span>d de<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>g the f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue of a<span class=\"_ _4\"></span>ny pla<span class=\"_ _4\"></span>n as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>. The c<span class=\"_ _4\"></span>alc<span class=\"_ _4\"></span>ulat<span class=\"_ _4\"></span>ion i<span class=\"_ _4\"></span>s pe<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>fo<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m1ec xe hb y50 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">ann<span class=\"_ _4\"></span>ually b<span class=\"_ _4\"></span>y a qual<span class=\"_ _4\"></span>i\ufb01e<span class=\"_ _4\"></span>d ac<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y u<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>g the p<span class=\"_ _4\"></span>roj<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d uni<span class=\"_ _4\"></span>t cre<span class=\"_ _4\"></span>dit m<span class=\"_ _4\"></span>eth<span class=\"_ _4\"></span>od. W<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e cal<span class=\"_ _4\"></span>cul<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>ult<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>n a pote<span class=\"_ _4\"></span>ntia<span class=\"_ _4\"></span>l</div>\n<div class=\"t m1ed xe hb y51 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up, the re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nized a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et is l<span class=\"_ _4\"></span>imite<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nt valu<span class=\"_ _4\"></span>e of eco<span class=\"_ _4\"></span>no<span class=\"_ _4\"></span>mic be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>ts av<span class=\"_ _4\"></span>ailab<span class=\"_ _4\"></span>le in t<span class=\"_ _4\"></span>he fo<span class=\"_ _4\"></span>rm</div>\n<div class=\"t m1ee xe hb y52 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">of a any f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure re<span class=\"_ _4\"></span>fun<span class=\"_ _4\"></span>ds f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m the p<span class=\"_ _4\"></span>lan o<span class=\"_ _4\"></span>r red<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ions i<span class=\"_ _4\"></span>n fu<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns to t<span class=\"_ _4\"></span>he pla<span class=\"_ _4\"></span>n. T<span class=\"_ _1\"></span>o ca<span class=\"_ _4\"></span>lcu<span class=\"_ _4\"></span>late t<span class=\"_ _4\"></span>he pr<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>nt va<span class=\"_ _4\"></span>lue</div>\n<div class=\"t m8 xe hb y53 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of ec<span class=\"_ _4\"></span>ono<span class=\"_ _4\"></span>mic be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s, con<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n is gi<span class=\"_ _4\"></span>ven to any a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>lic<span class=\"_ _4\"></span>able m<span class=\"_ _4\"></span>inim<span class=\"_ _4\"></span>um f<span class=\"_ _4\"></span>undi<span class=\"_ _4\"></span>ng re<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>rem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m8 xe hb y1d2 ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">Rem<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>rem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s of t<span class=\"_ _4\"></span>he ne<span class=\"_ _4\"></span>t de\ufb01<span class=\"_ _4\"></span>ned b<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>\ufb01t lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>y, whic<span class=\"_ _4\"></span>h com<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>ise a<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tua<span class=\"_ _4\"></span>ria<span class=\"_ _4\"></span>l gain<span class=\"_ _4\"></span>s and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>ses<span class=\"_ _4\"></span>, the r<span class=\"_ _4\"></span>etur<span class=\"_ _4\"></span>n o<span class=\"_ _4\"></span>n pla<span class=\"_ _4\"></span>n</div>\n<div class=\"t m1ef xe hb y73 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s (excl<span class=\"_ _4\"></span>udi<span class=\"_ _4\"></span>ng inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t) a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>he ef<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t ceilin<span class=\"_ _4\"></span>g (if a<span class=\"_ _4\"></span>ny<span class=\"_ _1\"></span>, excl<span class=\"_ _4\"></span>udin<span class=\"_ _4\"></span>g inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t), are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed im<span class=\"_ _4\"></span>med<span class=\"_ _4\"></span>iatel<span class=\"_ _4\"></span>y</div>\n<div class=\"t m1f0 xe hb y55 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">in OC<span class=\"_ _4\"></span>I. The G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p dete<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>mine<span class=\"_ _4\"></span>s the n<span class=\"_ _4\"></span>et inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>e (in<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e) on th<span class=\"_ _4\"></span>e net d<span class=\"_ _4\"></span>e\ufb01ne<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t liabil<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y (as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>) for t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m1f1 xe hb y56 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d by ap<span class=\"_ _4\"></span>ply<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he dis<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>unt r<span class=\"_ _4\"></span>ate us<span class=\"_ _4\"></span>ed to m<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ure t<span class=\"_ _4\"></span>he de<span class=\"_ _4\"></span>\ufb01ne<span class=\"_ _4\"></span>d ben<span class=\"_ _4\"></span>e\ufb01t o<span class=\"_ _4\"></span>blig<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n at th<span class=\"_ _4\"></span>e beg<span class=\"_ _4\"></span>inni<span class=\"_ _4\"></span>ng of th<span class=\"_ _4\"></span>e ann<span class=\"_ _4\"></span>ual</div>\n<div class=\"t m1f2 xe hb y57 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e the<span class=\"_ _4\"></span>n net d<span class=\"_ _4\"></span>e\ufb01ne<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t liabil<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y (as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>), tak<span class=\"_ _4\"></span>ing in<span class=\"_ _4\"></span>to acco<span class=\"_ _4\"></span>unt a<span class=\"_ _4\"></span>ny chan<span class=\"_ _4\"></span>ges i<span class=\"_ _4\"></span>n the n<span class=\"_ _4\"></span>et de<span class=\"_ _4\"></span>\ufb01ne<span class=\"_ _4\"></span>d ben<span class=\"_ _4\"></span>e\ufb01t</div>\n<div class=\"t m1f3 xe hb y58 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y (as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t) d<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he pe<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>od as a r<span class=\"_ _4\"></span>esu<span class=\"_ _4\"></span>lt of co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ib<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>ons a<span class=\"_ _4\"></span>nd be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t pay<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts<span class=\"_ _4\"></span>. Net i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>pen<span class=\"_ _4\"></span>se a<span class=\"_ _4\"></span>nd ot<span class=\"_ _4\"></span>her</div>\n<div class=\"t m8 xe hb y59 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>s rela<span class=\"_ _4\"></span>ted to d<span class=\"_ _4\"></span>e\ufb01n<span class=\"_ _4\"></span>ed be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t pla<span class=\"_ _4\"></span>ns are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>.</div>\n<div class=\"t m164 xe hb y5a ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s of a plan a<span class=\"_ _4\"></span>re ch<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>ed or w<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>n a plan i<span class=\"_ _4\"></span>s cu<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>aile<span class=\"_ _4\"></span>d, the re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>g cha<span class=\"_ _4\"></span>nge in b<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>e\ufb01t t<span class=\"_ _4\"></span>hat re<span class=\"_ _4\"></span>lates t<span class=\"_ _4\"></span>o</div>\n<div class=\"t m1f4 xe hb y5b ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">pas<span class=\"_ _4\"></span>t s<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ice o<span class=\"_ _4\"></span>r the g<span class=\"_ _4\"></span>ain or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s on c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ailm<span class=\"_ _4\"></span>ent i<span class=\"_ _4\"></span>s reco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>sed i<span class=\"_ _4\"></span>mme<span class=\"_ _4\"></span>diat<span class=\"_ _4\"></span>ely in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s. T<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>es</div>\n<div class=\"t m8 xe hb y5c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">gain<span class=\"_ _4\"></span>s and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s on t<span class=\"_ _4\"></span>he se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>tle<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t of a de\ufb01<span class=\"_ _4\"></span>ned b<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>e\ufb01t pl<span class=\"_ _4\"></span>an wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>tle<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t occ<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m0 xe h6 y1fe ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Belgian de\ufb01ned<span class=\"_ _3\"></span> contributio<span class=\"_ _3\"></span>n plans with r<span class=\"_ _3\"></span>eturn guarant<span class=\"_ _3\"></span>eed b<span class=\"_ _1\"></span>y law</div>\n<div class=\"t m1f5 xe hb y60 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Bel<span class=\"_ _4\"></span>gian d<span class=\"_ _4\"></span>e\ufb01n<span class=\"_ _4\"></span>ed co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ib<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>on pl<span class=\"_ _4\"></span>ans ar<span class=\"_ _4\"></span>e su<span class=\"_ _4\"></span>bjec<span class=\"_ _7\"></span>t to th<span class=\"_ _4\"></span>e La<span class=\"_ _4\"></span>w of Ap<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>l 28, 200<span class=\"_ _4\"></span>3 on o<span class=\"_ _4\"></span>ccu<span class=\"_ _4\"></span>pat<span class=\"_ _4\"></span>iona<span class=\"_ _4\"></span>l pe<span class=\"_ _4\"></span>nsio<span class=\"_ _4\"></span>ns (<span class=\"_ _4\"></span>here<span class=\"_ _4\"></span>af<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r \u2018th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y75 ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">WAP<span class=\"_ _4\"></span>\u2019). Acco<span class=\"_ _4\"></span>rdi<span class=\"_ _4\"></span>ng to ar<span class=\"_ _7\"></span>tic<span class=\"_ _4\"></span>le 24 of this L<span class=\"_ _4\"></span>aw, the e<span class=\"_ _4\"></span>mpl<span class=\"_ _4\"></span>oyer has t<span class=\"_ _4\"></span>o guar<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>tee an ave<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ge min<span class=\"_ _4\"></span>imum r<span class=\"_ _4\"></span>etu<span class=\"_ _4\"></span>rn o<span class=\"_ _4\"></span>f 3.7<span class=\"_ _1\"></span>5% on</div>\n<div class=\"t m1f6 xe hb y76 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns an<span class=\"_ _4\"></span>d of 3.25% on e<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>loyer co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ib<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ions a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>his fo<span class=\"_ _4\"></span>r cont<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>bu<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns pai<span class=\"_ _4\"></span>d unt<span class=\"_ _4\"></span>il Dec<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>,</div>\n<div class=\"t m1f7 xe hb y61 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">201<span class=\"_ _1\"></span>5. A<span class=\"_ _4\"></span>s fro<span class=\"_ _4\"></span>m Janu<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y 201<span class=\"_ _1\"></span>6, t<span class=\"_ _4\"></span>he em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>r has to g<span class=\"_ _4\"></span>uar<span class=\"_ _4\"></span>ante<span class=\"_ _4\"></span>e an aver<span class=\"_ _4\"></span>ag<span class=\"_ _4\"></span>e minim<span class=\"_ _4\"></span>um ret<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>n of 1<span class=\"_ _3\"></span>.7<span class=\"_ _1\"></span>5% on b<span class=\"_ _4\"></span>oth e<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>loy<span class=\"ws2\">-</span></div>\n<div class=\"t m114 xe hb y77 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">er an<span class=\"_ _4\"></span>d em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>but<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s (as cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>d by th<span class=\"_ _4\"></span>e La<span class=\"_ _4\"></span>w of Dec<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er 18, 20<span class=\"_ _1\"></span>15)<span class=\"_ _3\"></span>. Thi<span class=\"_ _4\"></span>s guar<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>d minim<span class=\"_ _4\"></span>um ret<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>n</div>\n<div class=\"t m1f8 xe hb y63 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>ally e<span class=\"_ _4\"></span>xcee<span class=\"_ _4\"></span>ds t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>n t<span class=\"_ _4\"></span>hat is n<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>mally g<span class=\"_ _4\"></span>uar<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>d by the i<span class=\"_ _4\"></span>nsu<span class=\"_ _4\"></span>rer. Bec<span class=\"_ _4\"></span>aus<span class=\"_ _4\"></span>e the e<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>loyer ha<span class=\"_ _4\"></span>s to gua<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ntee</div>\n<div class=\"t m144 xe hb y64 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">the s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>utor<span class=\"_ _7\"></span>y mini<span class=\"_ _4\"></span>mum re<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>n o<span class=\"_ _4\"></span>n the<span class=\"_ _4\"></span>se pl<span class=\"_ _4\"></span>ans, no<span class=\"_ _4\"></span>t all ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>uar<span class=\"_ _4\"></span>ial an<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent r<span class=\"_ _4\"></span>isk<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>latin<span class=\"_ _4\"></span>g to the<span class=\"_ _4\"></span>se p<span class=\"_ _4\"></span>lans a<span class=\"_ _4\"></span>re tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1f9 xe hb y65 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e ins<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ance c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>any ma<span class=\"_ _4\"></span>nagin<span class=\"_ _4\"></span>g the p<span class=\"_ _4\"></span>lans<span class=\"_ _4\"></span>. Th<span class=\"_ _4\"></span>eref<span class=\"_ _4\"></span>ore, the<span class=\"_ _4\"></span>se p<span class=\"_ _4\"></span>lans d<span class=\"_ _4\"></span>o not me<span class=\"_ _4\"></span>et th<span class=\"_ _4\"></span>e de\ufb01<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on of a de<span class=\"_ _4\"></span>\ufb01ne<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 xe hb y79 ff1 fs9 fc2 sc0 ls2 ws2c\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n plan u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>er IFRS a<span class=\"_ _4\"></span>nd have to b<span class=\"_ _4\"></span>e cla<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>i\ufb01e<span class=\"_ _4\"></span>d by def<span class=\"_ _4\"></span>aul<span class=\"_ _4\"></span>t as de<span class=\"_ _4\"></span>\ufb01ne<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>ne\ufb01t p<span class=\"_ _4\"></span>lan<span class=\"_ _4\"></span>s. A<span class=\"_ _4\"></span>n ac<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ial c<span class=\"_ _4\"></span>alcu<span class=\"_ _4\"></span>lati<span class=\"_ _4\"></span>on</div>\n<div class=\"t m8 xe hb y1ff ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">has b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n per<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>m<span class=\"_ _4\"></span>ed in a<span class=\"_ _4\"></span>ccor<span class=\"_ _4\"></span>dan<span class=\"_ _4\"></span>ce wi<span class=\"_ _4\"></span>th I<span class=\"_ _4\"></span>AS 1<span class=\"_ _1\"></span>9 b<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n the p<span class=\"_ _4\"></span>roje<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d unit c<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>it me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>d.</div>\n\n<div class=\"t m0 xe h6 y200 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ermination<span class=\"_ _3\"></span> bene\ufb01ts</div>\n<div class=\"t m1fa xe hb y6a ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>er<span class=\"_ _4\"></span>min<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n ben<span class=\"_ _4\"></span>e\ufb01t<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e reco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d as an ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>e whe<span class=\"_ _4\"></span>n the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p is de<span class=\"_ _4\"></span>mon<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ably c<span class=\"_ _4\"></span>omm<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d, wit<span class=\"_ _4\"></span>hou<span class=\"_ _4\"></span>t realis<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ic</div>\n<div class=\"t m1ca xe hb y7b ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">po<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ibili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y or wi<span class=\"_ _4\"></span>thd<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>awal, to a for<span class=\"_ _4\"></span>ma<span class=\"_ _4\"></span>l det<span class=\"_ _4\"></span>aile<span class=\"_ _4\"></span>d pla<span class=\"_ _4\"></span>n to eit<span class=\"_ _4\"></span>her te<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>inate e<span class=\"_ _4\"></span>mpl<span class=\"_ _4\"></span>oyme<span class=\"_ _4\"></span>nt be<span class=\"_ _4\"></span>fore t<span class=\"_ _4\"></span>he no<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>al ret<span class=\"_ _4\"></span>irem<span class=\"_ _4\"></span>ent</div>\n<div class=\"t m8 xe hb y6b ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">date, or to p<span class=\"_ _4\"></span>rovi<span class=\"_ _4\"></span>de te<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>inati<span class=\"_ _4\"></span>on b<span class=\"_ _4\"></span>ene\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s as a re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>t of an of<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>er mad<span class=\"_ _4\"></span>e to en<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>rag<span class=\"_ _4\"></span>e volu<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y re<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>nda<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>. T<span class=\"_ _1\"></span>er<span class=\"_ _4\"></span>min<span class=\"_ _4\"></span>a<span class=\"ws2\">-</span></div>\n<div class=\"t m1fb xe hb y6c ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">tio<span class=\"_ _4\"></span>n be<span class=\"_ _4\"></span>ne\ufb01t<span class=\"_ _4\"></span>s fo<span class=\"_ _4\"></span>r volu<span class=\"_ _4\"></span>nta<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y re<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>nda<span class=\"_ _4\"></span>ncie<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed as a<span class=\"_ _4\"></span>n exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>se if t<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup ha<span class=\"_ _4\"></span>s mad<span class=\"_ _4\"></span>e an of<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>er of volu<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y</div>\n<div class=\"t m1fc xe hb y6d ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">red<span class=\"_ _4\"></span>un<span class=\"_ _4\"></span>dan<span class=\"_ _4\"></span>cy, it is pro<span class=\"_ _4\"></span>bab<span class=\"_ _4\"></span>le t<span class=\"_ _4\"></span>hat th<span class=\"_ _4\"></span>e of<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>r will b<span class=\"_ _4\"></span>e acce<span class=\"_ _4\"></span>pte<span class=\"_ _4\"></span>d, and t<span class=\"_ _4\"></span>he num<span class=\"_ _4\"></span>ber o<span class=\"_ _4\"></span>f acce<span class=\"_ _4\"></span>pt<span class=\"_ _4\"></span>ance<span class=\"_ _4\"></span>s c<span class=\"_ _4\"></span>an be e<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tima<span class=\"_ _4\"></span>ted re<span class=\"_ _4\"></span>liab<span class=\"_ _4\"></span>ly<span class=\"_ _1\"></span>.<span class=\"_ _4\"></span> </div>\n<div class=\"t m1fd xe hb y6e ff1 fs9 fc2 sc0 ls11 wsd\" style=\"z-index: 15;\">If be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s are p<span class=\"_ _4\"></span>ayab<span class=\"_ _4\"></span>le mor<span class=\"_ _4\"></span>e tha<span class=\"_ _4\"></span>n 1<span class=\"_ _1\"></span>2 mo<span class=\"_ _4\"></span>nth<span class=\"_ _4\"></span>s af<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r the r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing d<span class=\"_ _4\"></span>ate, the<span class=\"_ _4\"></span>n the<span class=\"_ _4\"></span>y are di<span class=\"_ _4\"></span>sco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d to t<span class=\"_ _4\"></span>heir p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alue.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 129px; height: 128px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 129px; height: 796px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x1 h6 y1d6 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Sho<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t-term e<span class=\"_ _4\"></span>mpl<span class=\"_ _4\"></span>oyee ben<span class=\"_ _4\"></span>e\ufb01t</div>\n<div class=\"t m1fe x1 hb y7f ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">Sho<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t-te<span class=\"_ _4\"></span>rm e<span class=\"_ _4\"></span>mpl<span class=\"_ _4\"></span>oyee b<span class=\"_ _4\"></span>ene\ufb01<span class=\"_ _4\"></span>t ob<span class=\"_ _4\"></span>ligat<span class=\"_ _4\"></span>ions a<span class=\"_ _4\"></span>re mea<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>ed on a<span class=\"_ _4\"></span>n und<span class=\"_ _4\"></span>isc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted b<span class=\"_ _4\"></span>asis a<span class=\"_ _4\"></span>nd ar<span class=\"_ _4\"></span>e exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>sed a<span class=\"_ _4\"></span>s th<span class=\"_ _4\"></span>e relate<span class=\"_ _4\"></span>d</div>\n<div class=\"t m1ff x1 hb y43 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>vi<span class=\"_ _4\"></span>ce is pr<span class=\"_ _4\"></span>ovid<span class=\"_ _4\"></span>ed. A li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed fo<span class=\"_ _4\"></span>r the a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted t<span class=\"_ _4\"></span>o be p<span class=\"_ _4\"></span>aid un<span class=\"_ _4\"></span>der s<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t-ter<span class=\"_ _4\"></span>m c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h bo<span class=\"_ _4\"></span>nus o<span class=\"_ _4\"></span>r</div>\n<div class=\"t m17e x1 hb y80 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>\ufb01t-s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>ing p<span class=\"_ _4\"></span>lans i<span class=\"_ _4\"></span>f th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p has a p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ent l<span class=\"_ _4\"></span>egal o<span class=\"_ _4\"></span>r con<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ive ob<span class=\"_ _4\"></span>ligat<span class=\"_ _4\"></span>ion t<span class=\"_ _4\"></span>o pay th<span class=\"_ _4\"></span>is amo<span class=\"_ _4\"></span>unt a<span class=\"_ _4\"></span>s a res<span class=\"_ _4\"></span>ult of p<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>t</div>\n<div class=\"t m8 x1 hb y81 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>vi<span class=\"_ _4\"></span>ce pro<span class=\"_ _4\"></span>vid<span class=\"_ _4\"></span>ed by t<span class=\"_ _4\"></span>he em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>e, and th<span class=\"_ _4\"></span>e obl<span class=\"_ _4\"></span>igat<span class=\"_ _4\"></span>ion c<span class=\"_ _4\"></span>an b<span class=\"_ _4\"></span>e es<span class=\"_ _4\"></span>tim<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d relia<span class=\"_ _4\"></span>bly.</div>\n\n<div class=\"t m0 x1 h6 y201 ff2 fs4 fc1 sc0 lsd ws58\" style=\"z-index: 15;\">Share<span class=\"_ _4\"></span>-ba<span class=\"_ _4\"></span>sed payment trans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>tions</div>\n<div class=\"t m200 x1 hb y85 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">The g<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ant dat<span class=\"_ _4\"></span>e fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e of opt<span class=\"_ _4\"></span>ions g<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d to emp<span class=\"_ _4\"></span>loyee<span class=\"_ _4\"></span>s is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d as a<span class=\"_ _4\"></span>n emp<span class=\"_ _4\"></span>loyee ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>e, with a c<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m201 x1 hb y86 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">sp<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>ding i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e in eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y, over the p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>es u<span class=\"_ _4\"></span>nco<span class=\"_ _4\"></span>ndit<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>ally b<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>me en<span class=\"_ _4\"></span>tit<span class=\"_ _4\"></span>led to t<span class=\"_ _4\"></span>he o<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>ns.</div>\n<div class=\"t m202 x1 hb y87 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">The a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d as an e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>e is ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to re\ufb02e<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>he ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ual nu<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r of opt<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s for w<span class=\"_ _4\"></span>hich t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d</div>\n<div class=\"t m203 x1 hb y8c ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>vi<span class=\"_ _4\"></span>ce an<span class=\"_ _4\"></span>d non<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>mar<span class=\"_ _4\"></span>ket ves<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng con<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s are ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to be m<span class=\"_ _4\"></span>et, su<span class=\"_ _4\"></span>ch t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he amo<span class=\"_ _4\"></span>unt u<span class=\"_ _4\"></span>ltim<span class=\"_ _4\"></span>atel<span class=\"_ _4\"></span>y reco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d</div>\n<div class=\"t m204 x1 hb y88 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">as an ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>e is ba<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d on t<span class=\"_ _4\"></span>he num<span class=\"_ _4\"></span>be<span class=\"_ _4\"></span>r of awar<span class=\"_ _4\"></span>ds t<span class=\"_ _4\"></span>hat do m<span class=\"_ _4\"></span>eet t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d ser<span class=\"_ _7\"></span>vic<span class=\"_ _4\"></span>e and n<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>-m<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ket per<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>ma<span class=\"_ _4\"></span>nce</div>\n<div class=\"t m8 x1 hb y89 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s at ves<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng date.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 888px; height: 128px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 888px; height: 243px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag473": {
   "value": "\n<div class=\"t m0 xe h6 y200 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ermination<span class=\"_ _3\"></span> bene\ufb01ts</div>\n<div class=\"t m1fa xe hb y6a ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>er<span class=\"_ _4\"></span>min<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n ben<span class=\"_ _4\"></span>e\ufb01t<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e reco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d as an ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>e whe<span class=\"_ _4\"></span>n the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p is de<span class=\"_ _4\"></span>mon<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ably c<span class=\"_ _4\"></span>omm<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d, wit<span class=\"_ _4\"></span>hou<span class=\"_ _4\"></span>t realis<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ic</div>\n<div class=\"t m1ca xe hb y7b ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">po<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ibili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y or wi<span class=\"_ _4\"></span>thd<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>awal, to a for<span class=\"_ _4\"></span>ma<span class=\"_ _4\"></span>l det<span class=\"_ _4\"></span>aile<span class=\"_ _4\"></span>d pla<span class=\"_ _4\"></span>n to eit<span class=\"_ _4\"></span>her te<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>inate e<span class=\"_ _4\"></span>mpl<span class=\"_ _4\"></span>oyme<span class=\"_ _4\"></span>nt be<span class=\"_ _4\"></span>fore t<span class=\"_ _4\"></span>he no<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>al ret<span class=\"_ _4\"></span>irem<span class=\"_ _4\"></span>ent</div>\n<div class=\"t m8 xe hb y6b ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">date, or to p<span class=\"_ _4\"></span>rovi<span class=\"_ _4\"></span>de te<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>inati<span class=\"_ _4\"></span>on b<span class=\"_ _4\"></span>ene\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s as a re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>t of an of<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>er mad<span class=\"_ _4\"></span>e to en<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>rag<span class=\"_ _4\"></span>e volu<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y re<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>nda<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>. T<span class=\"_ _1\"></span>er<span class=\"_ _4\"></span>min<span class=\"_ _4\"></span>a<span class=\"ws2\">-</span></div>\n<div class=\"t m1fb xe hb y6c ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">tio<span class=\"_ _4\"></span>n be<span class=\"_ _4\"></span>ne\ufb01t<span class=\"_ _4\"></span>s fo<span class=\"_ _4\"></span>r volu<span class=\"_ _4\"></span>nta<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y re<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>nda<span class=\"_ _4\"></span>ncie<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed as a<span class=\"_ _4\"></span>n exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>se if t<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup ha<span class=\"_ _4\"></span>s mad<span class=\"_ _4\"></span>e an of<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>er of volu<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y</div>\n<div class=\"t m1fc xe hb y6d ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">red<span class=\"_ _4\"></span>un<span class=\"_ _4\"></span>dan<span class=\"_ _4\"></span>cy, it is pro<span class=\"_ _4\"></span>bab<span class=\"_ _4\"></span>le t<span class=\"_ _4\"></span>hat th<span class=\"_ _4\"></span>e of<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>r will b<span class=\"_ _4\"></span>e acce<span class=\"_ _4\"></span>pte<span class=\"_ _4\"></span>d, and t<span class=\"_ _4\"></span>he num<span class=\"_ _4\"></span>ber o<span class=\"_ _4\"></span>f acce<span class=\"_ _4\"></span>pt<span class=\"_ _4\"></span>ance<span class=\"_ _4\"></span>s c<span class=\"_ _4\"></span>an be e<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tima<span class=\"_ _4\"></span>ted re<span class=\"_ _4\"></span>liab<span class=\"_ _4\"></span>ly<span class=\"_ _1\"></span>.<span class=\"_ _4\"></span> </div>\n<div class=\"t m1fd xe hb y6e ff1 fs9 fc2 sc0 ls11 wsd\" style=\"z-index: 15;\">If be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s are p<span class=\"_ _4\"></span>ayab<span class=\"_ _4\"></span>le mor<span class=\"_ _4\"></span>e tha<span class=\"_ _4\"></span>n 1<span class=\"_ _1\"></span>2 mo<span class=\"_ _4\"></span>nth<span class=\"_ _4\"></span>s af<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r the r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing d<span class=\"_ _4\"></span>ate, the<span class=\"_ _4\"></span>n the<span class=\"_ _4\"></span>y are di<span class=\"_ _4\"></span>sco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d to t<span class=\"_ _4\"></span>heir p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alue.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 129px; height: 128px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTerminationBenefits",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag448": {
   "value": "\n<div class=\"t m0 x1 h6 y201 ff2 fs4 fc1 sc0 lsd ws58\" style=\"z-index: 15;\">Share<span class=\"_ _4\"></span>-ba<span class=\"_ _4\"></span>sed payment trans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>tions</div>\n<div class=\"t m200 x1 hb y85 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">The g<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ant dat<span class=\"_ _4\"></span>e fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e of opt<span class=\"_ _4\"></span>ions g<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d to emp<span class=\"_ _4\"></span>loyee<span class=\"_ _4\"></span>s is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d as a<span class=\"_ _4\"></span>n emp<span class=\"_ _4\"></span>loyee ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>e, with a c<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m201 x1 hb y86 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">sp<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>ding i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e in eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y, over the p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>es u<span class=\"_ _4\"></span>nco<span class=\"_ _4\"></span>ndit<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>ally b<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>me en<span class=\"_ _4\"></span>tit<span class=\"_ _4\"></span>led to t<span class=\"_ _4\"></span>he o<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>ns.</div>\n<div class=\"t m202 x1 hb y87 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">The a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d as an e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>e is ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to re\ufb02e<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>he ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ual nu<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r of opt<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s for w<span class=\"_ _4\"></span>hich t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d</div>\n<div class=\"t m203 x1 hb y8c ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>vi<span class=\"_ _4\"></span>ce an<span class=\"_ _4\"></span>d non<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>mar<span class=\"_ _4\"></span>ket ves<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng con<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s are ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to be m<span class=\"_ _4\"></span>et, su<span class=\"_ _4\"></span>ch t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he amo<span class=\"_ _4\"></span>unt u<span class=\"_ _4\"></span>ltim<span class=\"_ _4\"></span>atel<span class=\"_ _4\"></span>y reco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d</div>\n<div class=\"t m204 x1 hb y88 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">as an ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>e is ba<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d on t<span class=\"_ _4\"></span>he num<span class=\"_ _4\"></span>be<span class=\"_ _4\"></span>r of awar<span class=\"_ _4\"></span>ds t<span class=\"_ _4\"></span>hat do m<span class=\"_ _4\"></span>eet t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d ser<span class=\"_ _7\"></span>vic<span class=\"_ _4\"></span>e and n<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>-m<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ket per<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>ma<span class=\"_ _4\"></span>nce</div>\n<div class=\"t m8 x1 hb y89 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s at ves<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng date.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 888px; height: 128px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag440": {
   "value": "\n<div class=\"t m0 x1 h13 y8b ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">k. <span class=\"_ _d7\"> </span><span class=\"ls4c ws52\">PRO<span class=\"_ _1\"></span>VI<span class=\"_ _4\"></span>SIONS</span></div>\n<div class=\"t m8 x1 hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">A prov<span class=\"_ _4\"></span>isi<span class=\"_ _4\"></span>on is re<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n the s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment o<span class=\"_ _4\"></span>f \ufb01nan<span class=\"_ _4\"></span>cial p<span class=\"_ _4\"></span>osi<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p has a l<span class=\"_ _4\"></span>egal o<span class=\"_ _4\"></span>r con<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve ob<span class=\"_ _4\"></span>liga<span class=\"_ _4\"></span>-</div>\n<div class=\"t m205 x1 hb y4c ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">tio<span class=\"_ _4\"></span>n as re<span class=\"_ _4\"></span>sult o<span class=\"_ _4\"></span>f a pas<span class=\"_ _4\"></span>t eve<span class=\"_ _4\"></span>nt, th<span class=\"_ _4\"></span>at ca<span class=\"_ _4\"></span>n be e<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>ed re<span class=\"_ _4\"></span>liabl<span class=\"_ _4\"></span>y and i<span class=\"_ _4\"></span>t is pr<span class=\"_ _4\"></span>ob<span class=\"_ _4\"></span>able t<span class=\"_ _4\"></span>hat a<span class=\"_ _4\"></span>n out<span class=\"_ _7\"></span>\ufb02ow of b<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>\ufb01t<span class=\"_ _4\"></span>s will b<span class=\"_ _4\"></span>e</div>\n<div class=\"t m181 x1 hb y4d ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">re<span class=\"_ _4\"></span>quir<span class=\"_ _4\"></span>ed to s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>tl<span class=\"_ _4\"></span>e th<span class=\"_ _4\"></span>e obli<span class=\"_ _4\"></span>gati<span class=\"_ _4\"></span>on. If t<span class=\"_ _4\"></span>he ef<span class=\"_ _7\"></span>fec<span class=\"_ _4\"></span>t i<span class=\"_ _4\"></span>s mate<span class=\"_ _4\"></span>ria<span class=\"_ _4\"></span>l, provis<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s are d<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>ned b<span class=\"_ _4\"></span>y dis<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>g the e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m8 x1 hb y4e ff1 fs9 fc2 sc0 ls2 ws55\" style=\"z-index: 15;\">fu<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>sh \ufb02o<span class=\"_ _4\"></span>ws at a p<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>-t<span class=\"_ _4\"></span>ax r<span class=\"_ _4\"></span>ate t<span class=\"_ _4\"></span>hat r<span class=\"_ _4\"></span>e\ufb02ec<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>s cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nt mar<span class=\"_ _4\"></span>ket as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>sm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s of t<span class=\"_ _4\"></span>he ti<span class=\"_ _4\"></span>me val<span class=\"_ _4\"></span>ue of mo<span class=\"_ _4\"></span>ney an<span class=\"_ _4\"></span>d, whe<span class=\"_ _4\"></span>re</div>\n<div class=\"t m8 x1 hb y202 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ap<span class=\"_ _4\"></span>pro<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>iate, the r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ci\ufb01<span class=\"_ _4\"></span>c to th<span class=\"_ _4\"></span>e liabi<span class=\"_ _4\"></span>lit<span class=\"_ _4\"></span>y.</div>\n<div class=\"t m0 x1 h6 y203 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Restruc<span class=\"_ _4\"></span>turi<span class=\"_ _4\"></span>ng pro<span class=\"_ _3\"></span>visions</div>\n<div class=\"t m206 x1 hb y52 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">Provi<span class=\"_ _4\"></span>sio<span class=\"_ _4\"></span>ns for r<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing ar<span class=\"_ _4\"></span>e rec<span class=\"_ _4\"></span>ogni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p has a<span class=\"_ _4\"></span>ppr<span class=\"_ _4\"></span>oved a d<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>ailed a<span class=\"_ _4\"></span>nd fo<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>al res<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g pla<span class=\"_ _4\"></span>n,</div>\n<div class=\"t m8 x1 hb y53 ff1 fs9 fc2 sc0 ls2 ws24\" style=\"z-index: 15;\">and t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing ha<span class=\"_ _4\"></span>s eit<span class=\"_ _4\"></span>her co<span class=\"_ _4\"></span>mme<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>d or ha<span class=\"_ _4\"></span>s be<span class=\"_ _4\"></span>en an<span class=\"_ _4\"></span>nou<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>d pub<span class=\"_ _4\"></span>licl<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>. Fu<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>re op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ng cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e not pr<span class=\"_ _4\"></span>o<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y54 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">vided for<span class=\"_ _1\"></span>.</div>\n<div class=\"t m0 x1 h6 y1dd ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Onerous contrac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s</div>\n<div class=\"t m207 x1 hb y57 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">A prov<span class=\"_ _4\"></span>isio<span class=\"_ _4\"></span>n for o<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>ous co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>s reco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d whe<span class=\"_ _4\"></span>n the e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s to be d<span class=\"_ _4\"></span>eri<span class=\"_ _4\"></span>ved by t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up f<span class=\"_ _4\"></span>rom a</div>\n<div class=\"t m8 x1 hb y58 ff1 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t ar<span class=\"_ _4\"></span>e lowe<span class=\"_ _4\"></span>r tha<span class=\"_ _4\"></span>n the u<span class=\"_ _4\"></span>navoid<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t of me<span class=\"_ _4\"></span>eti<span class=\"_ _4\"></span>ng it<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>bliga<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns un<span class=\"_ _4\"></span>der t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>. Th<span class=\"_ _4\"></span>e prov<span class=\"_ _4\"></span>isio<span class=\"_ _4\"></span>n is me<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y59 ff1 fs9 fc2 sc0 ls2 ws3a\" style=\"z-index: 15;\">ure<span class=\"_ _4\"></span>d at th<span class=\"_ _4\"></span>e pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nt val<span class=\"_ _4\"></span>ue of th<span class=\"_ _4\"></span>e lowe<span class=\"_ _4\"></span>r of th<span class=\"_ _4\"></span>e exp<span class=\"_ _4\"></span>ec<span class=\"_ _7\"></span>ted co<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t of ter<span class=\"_ _4\"></span>min<span class=\"_ _4\"></span>atin<span class=\"_ _4\"></span>g the c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t and t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d net c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t</div>\n<div class=\"t m208 x1 hb y5a ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">of co<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>uing w<span class=\"_ _4\"></span>ith t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>t. Be<span class=\"_ _4\"></span>fore a p<span class=\"_ _4\"></span>rovi<span class=\"_ _4\"></span>sio<span class=\"_ _4\"></span>n is rec<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>ed, t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>es any i<span class=\"_ _4\"></span>mpai<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>ent l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s on t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m8 x1 hb y5b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>d wit<span class=\"_ _4\"></span>h tha<span class=\"_ _4\"></span>t cont<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 509px; height: 350px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag466": {
   "value": "\n<div class=\"t m0 x1 h13 y5e ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">L<span class=\"_ _4\"></span>. <span class=\"_ _d8\"> </span><span class=\"ls51 ws59\">INC<span class=\"_ _3\"></span>OME</span></div>\n<div class=\"t m0 x1 h6 y1df ff2 fs4 fc1 sc0 ls4d ws53\" style=\"z-index: 15;\">Charter rev<span class=\"_ _1\"></span>enue</div>\n<div class=\"t m209 x1 hb y76 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e com<span class=\"_ _4\"></span>pany a<span class=\"_ _4\"></span>nd/ o<span class=\"_ _4\"></span>r it<span class=\"_ _4\"></span>s joi<span class=\"_ _4\"></span>nt ven<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>es ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>ate r<span class=\"_ _4\"></span>evenu<span class=\"_ _4\"></span>es f<span class=\"_ _4\"></span>rom c<span class=\"_ _4\"></span>har<span class=\"_ _7\"></span>ter<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s for t<span class=\"_ _4\"></span>he us<span class=\"_ _4\"></span>e of it<span class=\"_ _4\"></span>s as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s. A<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>re ch<span class=\"_ _4\"></span>ar<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y61 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">tere<span class=\"_ _4\"></span>d us<span class=\"_ _4\"></span>ing voya<span class=\"_ _4\"></span>ge/sp<span class=\"_ _4\"></span>ot, ti<span class=\"_ _4\"></span>me or b<span class=\"_ _4\"></span>are<span class=\"_ _4\"></span>boa<span class=\"_ _4\"></span>t char<span class=\"_ _7\"></span>ter<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd po<span class=\"_ _4\"></span>ol reve<span class=\"_ _4\"></span>nue:</div>\n<div class=\"t m8 x1 hb y1d5 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m20a x3b hb y77 ff2 fs9 fc2 sc0 ls1f ws12\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>oyage/<span class=\"_ _3\"></span>spot char<span class=\"_ _4\"></span>ters<span class=\"ff1 ls19 wsb\">: Voyage reve<span class=\"_ _4\"></span>nue is r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnize<span class=\"_ _4\"></span>d over t<span class=\"_ _4\"></span>ime of s<span class=\"_ _4\"></span>pot c<span class=\"_ _4\"></span>har<span class=\"_ _7\"></span>ter<span class=\"_ _4\"></span>s on a l<span class=\"_ _4\"></span>oad<span class=\"_ _4\"></span>-to<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>di<span class=\"_ _4\"></span>sc<span class=\"_ _4\"></span>harg<span class=\"_ _4\"></span>e bas<span class=\"_ _4\"></span>is. <span class=\"_ _d9\"></span> </span></div>\n<div class=\"t m20b x3b hb y63 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Pro<span class=\"_ _4\"></span>gre<span class=\"_ _4\"></span>ss i<span class=\"_ _4\"></span>s dete<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>mine<span class=\"_ _4\"></span>d on t<span class=\"_ _4\"></span>ime el<span class=\"_ _4\"></span>aps<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>.  V<span class=\"_ _3\"></span>oyag<span class=\"_ _4\"></span>e exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>ses a<span class=\"_ _4\"></span>re ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ed as o<span class=\"_ _4\"></span>cc<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>red.  W<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>n ou<span class=\"_ _4\"></span>r ves<span class=\"_ _4\"></span>sel<span class=\"_ _4\"></span>s ca<span class=\"_ _4\"></span>nno<span class=\"_ _4\"></span>t</div>\n<div class=\"t m8 x3b hb y64 ff1 fs9 fc2 sc0 ls2 ws1c\" style=\"z-index: 15;\">s<span class=\"_ _4\"></span>tar<span class=\"_ _7\"></span>t or c<span class=\"_ _4\"></span>onti<span class=\"_ _4\"></span>nue p<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>min<span class=\"_ _4\"></span>g it<span class=\"_ _4\"></span>s ob<span class=\"_ _4\"></span>ligat<span class=\"_ _4\"></span>ion d<span class=\"_ _4\"></span>ue to ot<span class=\"_ _4\"></span>her f<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>s, suc<span class=\"_ _4\"></span>h as p<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t d<span class=\"_ _4\"></span>elay<span class=\"_ _4\"></span>s, a de<span class=\"_ _4\"></span>mur<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>age is c<span class=\"_ _4\"></span>alc<span class=\"_ _4\"></span>ula<span class=\"_ _4\"></span>ted. <span class=\"_ _d9\"></span> </div>\n<div class=\"t m20c x3b hb y65 ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">The a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>lic<span class=\"_ _4\"></span>able d<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>rag<span class=\"_ _4\"></span>e r<span class=\"_ _4\"></span>ate is s<span class=\"_ _4\"></span>tip<span class=\"_ _4\"></span>ulate<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>. As d<span class=\"_ _4\"></span>emu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ag<span class=\"_ _4\"></span>e is of<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>n a com<span class=\"_ _4\"></span>mer<span class=\"_ _4\"></span>cial di<span class=\"_ _4\"></span>sc<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>sio<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 x3b hb y79 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">bet<span class=\"_ _7\"></span>wee<span class=\"_ _4\"></span>n E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R and t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>har<span class=\"_ _7\"></span>tere<span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>, th<span class=\"_ _4\"></span>e out<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e and to<span class=\"_ _4\"></span>tal c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>sat<span class=\"_ _4\"></span>ion r<span class=\"_ _4\"></span>ecei<span class=\"_ _4\"></span>vab<span class=\"_ _4\"></span>le for t<span class=\"_ _4\"></span>he d<span class=\"_ _4\"></span>elay is n<span class=\"_ _4\"></span>ot alw<span class=\"_ _4\"></span>ays</div>\n<div class=\"t m208 x3b hb y66 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">cer<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>ain.  A<span class=\"_ _4\"></span>s su<span class=\"_ _4\"></span>ch, E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R onl<span class=\"_ _4\"></span>y rec<span class=\"_ _4\"></span>ogni<span class=\"_ _4\"></span>zes t<span class=\"_ _4\"></span>he reve<span class=\"_ _4\"></span>nue w<span class=\"_ _4\"></span>hich i<span class=\"_ _4\"></span>s high<span class=\"_ _4\"></span>ly pro<span class=\"_ _4\"></span>ba<span class=\"_ _4\"></span>ble to b<span class=\"_ _4\"></span>e re<span class=\"_ _4\"></span>ceive<span class=\"_ _4\"></span>d.  No r<span class=\"_ _4\"></span>evenu<span class=\"_ _4\"></span>e is</div>\n<div class=\"t m20d x3b hb y67 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">rec<span class=\"_ _4\"></span>ogni<span class=\"_ _4\"></span>zed if t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>llec<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of the c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ion i<span class=\"_ _4\"></span>s not high<span class=\"_ _4\"></span>ly pro<span class=\"_ _4\"></span>ba<span class=\"_ _4\"></span>ble.  Th<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt of reve<span class=\"_ _4\"></span>nue r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnize<span class=\"_ _4\"></span>d is</div>\n<div class=\"t m8 x3b hb y68 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n his<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>al dat<span class=\"_ _4\"></span>a.  T<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up up<span class=\"_ _4\"></span>da<span class=\"_ _4\"></span>tes it<span class=\"_ _4\"></span>s e<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tima<span class=\"_ _4\"></span>te on an a<span class=\"_ _4\"></span>nnu<span class=\"_ _4\"></span>al bas<span class=\"_ _4\"></span>is.</div>\n<div class=\"t m8 x1 hb y7a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m160 x3b hb y69 ff2 fs9 fc2 sc0 ls35 ws17\" style=\"z-index: 15;\">Time<span class=\"_ _4\"></span>- and<span class=\"_ _3\"></span> Bareboat charters<span class=\"ff1 ls2 wsd\">: A<span class=\"_ _4\"></span>s a les<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>or<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up le<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>s ou<span class=\"_ _4\"></span>t som<span class=\"_ _4\"></span>e of it<span class=\"_ _4\"></span>s ves<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>els u<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r tim<span class=\"_ _4\"></span>e \u2013 and b<span class=\"_ _4\"></span>are<span class=\"_ _4\"></span>boa<span class=\"_ _4\"></span>t </span></div>\n<div class=\"t m20e x3b hb y6a ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">cha<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>rs (s<span class=\"_ _4\"></span>ee al<span class=\"_ _4\"></span>so l<span class=\"_ _4\"></span>) Leas<span class=\"_ _4\"></span>es). For ti<span class=\"_ _4\"></span>me or b<span class=\"_ _4\"></span>are<span class=\"_ _4\"></span>bo<span class=\"_ _4\"></span>at cha<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>rs, a c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t is e<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>d int<span class=\"_ _4\"></span>o for t<span class=\"_ _4\"></span>he us<span class=\"_ _4\"></span>e of an as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et for</div>\n<div class=\"t m20f x3b hb y7b ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">a sp<span class=\"_ _4\"></span>eci<span class=\"_ _4\"></span>\ufb01c pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d of ti<span class=\"_ _4\"></span>me at a co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ual ag<span class=\"_ _4\"></span>ree<span class=\"_ _4\"></span>d dail<span class=\"_ _4\"></span>y or mon<span class=\"_ _4\"></span>thl<span class=\"_ _4\"></span>y rate.  Reve<span class=\"_ _4\"></span>nue f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>ime o<span class=\"_ _4\"></span>r bare<span class=\"_ _4\"></span>bo<span class=\"_ _4\"></span>at cha<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>rs</div>\n<div class=\"t m8 x3b hb y6b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">are ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d for as o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ing l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed over t<span class=\"_ _4\"></span>he d<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n as s<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ice is p<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m8 x1 hb y204 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m210 x3b hb y6c ff2 fs9 fc2 sc0 ls1f ws27\" style=\"z-index: 15;\">Pool<span class=\"_ _1\"></span> revenue<span class=\"ff1 ls2 wsc\">: Aggre<span class=\"_ _4\"></span>gate<span class=\"_ _4\"></span>d reve<span class=\"_ _4\"></span>nue re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d on a dai<span class=\"_ _4\"></span>ly ba<span class=\"_ _4\"></span>sis f<span class=\"_ _4\"></span>rom ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>els o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ing o<span class=\"_ _4\"></span>n voyag<span class=\"_ _4\"></span>e or ti<span class=\"_ _4\"></span>me cha<span class=\"_ _4\"></span>r<span class=\"ws2\">-</span></span></div>\n<div class=\"t m8 x3b hb y6d ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">ter a<span class=\"_ _4\"></span>nd co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t of a<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fr<span class=\"_ _4\"></span>eigh<span class=\"_ _4\"></span>tme<span class=\"_ _4\"></span>nt (\u201cC<span class=\"_ _3\"></span>OA<span class=\"_ _1\"></span>\u201d) wit<span class=\"_ _4\"></span>hin th<span class=\"_ _4\"></span>e po<span class=\"_ _4\"></span>ol is co<span class=\"_ _4\"></span>nver<span class=\"_ _7\"></span>ted i<span class=\"_ _4\"></span>nto an ag<span class=\"_ _4\"></span>gre<span class=\"_ _4\"></span>gate<span class=\"_ _4\"></span>d net r<span class=\"_ _4\"></span>evenu<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt</div>\n<div class=\"t m211 x3b hb y6e ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">by ex<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g aggr<span class=\"_ _4\"></span>ega<span class=\"_ _4\"></span>ted voy<span class=\"_ _4\"></span>age ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es (su<span class=\"_ _4\"></span>ch a<span class=\"_ _4\"></span>s fue<span class=\"_ _4\"></span>l con<span class=\"_ _4\"></span>sum<span class=\"_ _4\"></span>pti<span class=\"_ _4\"></span>on, por<span class=\"_ _7\"></span>t c<span class=\"_ _4\"></span>harg<span class=\"_ _4\"></span>es,..<span class=\"_ _1\"></span>) f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m gros<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>venu<span class=\"_ _4\"></span>e.  This</div>\n<div class=\"t m212 x3b hb y6f ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">net re<span class=\"_ _4\"></span>venu<span class=\"_ _4\"></span>e is us<span class=\"_ _4\"></span>ed to d<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>ne th<span class=\"_ _4\"></span>e po<span class=\"_ _4\"></span>ol Ti<span class=\"_ _4\"></span>me Cha<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r Equi<span class=\"_ _4\"></span>vale<span class=\"_ _4\"></span>nt reve<span class=\"_ _4\"></span>nue (\u201cTCE<span class=\"_ _3\"></span>\u201d).  Aggre<span class=\"_ _4\"></span>gate TCE reve<span class=\"_ _4\"></span>nue</div>\n<div class=\"t m213 x3b hb y70 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">is us<span class=\"_ _4\"></span>ed to a<span class=\"_ _4\"></span>lloc<span class=\"_ _4\"></span>ate r<span class=\"_ _4\"></span>evenu<span class=\"_ _4\"></span>e to th<span class=\"_ _4\"></span>e po<span class=\"_ _4\"></span>ol par<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>s in ac<span class=\"_ _4\"></span>cor<span class=\"_ _4\"></span>dan<span class=\"_ _4\"></span>ce wi<span class=\"_ _4\"></span>th t<span class=\"_ _4\"></span>he allo<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>ted p<span class=\"_ _4\"></span>ool p<span class=\"_ _4\"></span>oin<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s ear<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>d for eac<span class=\"_ _4\"></span>h</div>\n<div class=\"t m8 x3b hb y71 ff1 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>l.  Pool poi<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s are d<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>ned t<span class=\"_ _4\"></span>ak<span class=\"_ _4\"></span>ing i<span class=\"_ _4\"></span>nto ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nt the f<span class=\"_ _4\"></span>ollow<span class=\"_ _4\"></span>ing p<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ame<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>s: int<span class=\"_ _4\"></span>ake (= cap<span class=\"_ _4\"></span>aci<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y of th<span class=\"_ _4\"></span>e ves<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 80px; height: 399px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n<div class=\"t m214 x3f hb y42 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">se<span class=\"_ _4\"></span>l), spe<span class=\"_ _4\"></span>ed, f<span class=\"_ _4\"></span>uel co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>umpt<span class=\"_ _4\"></span>ion p<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>man<span class=\"_ _4\"></span>ce an<span class=\"_ _4\"></span>d ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ual on hi<span class=\"_ _4\"></span>re days<span class=\"_ _4\"></span>.   Th<span class=\"_ _4\"></span>e TCE revenue ea<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ned by o<span class=\"_ _4\"></span>ur ves<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>els</div>\n<div class=\"t m215 x3f hb y7e ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e po<span class=\"_ _4\"></span>ol is e<span class=\"_ _4\"></span>qua<span class=\"_ _4\"></span>l to the p<span class=\"_ _4\"></span>oo<span class=\"_ _4\"></span>l poi<span class=\"_ _4\"></span>nt r<span class=\"_ _4\"></span>atin<span class=\"_ _4\"></span>g of eac<span class=\"_ _4\"></span>h ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>l mult<span class=\"_ _4\"></span>ipl<span class=\"_ _4\"></span>ied by t<span class=\"_ _4\"></span>ime o<span class=\"_ _4\"></span>n hire, as re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d by</div>\n<div class=\"t m18a x3f hb y7f ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">the p<span class=\"_ _4\"></span>oo<span class=\"_ _4\"></span>l mana<span class=\"_ _4\"></span>ger<span class=\"_ _3\"></span>.  Revenu<span class=\"_ _4\"></span>e fr<span class=\"_ _4\"></span>om th<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>e \ufb02oat<span class=\"_ _4\"></span>ing ti<span class=\"_ _4\"></span>me ch<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r agre<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s un<span class=\"_ _4\"></span>der w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ls are e<span class=\"_ _4\"></span>mpl<span class=\"_ _4\"></span>oyed by</div>\n<div class=\"t m8 x3f hb y43 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e poo<span class=\"_ _4\"></span>l is ac<span class=\"_ _4\"></span>coun<span class=\"_ _4\"></span>ted fo<span class=\"_ _4\"></span>r und<span class=\"_ _4\"></span>er IFR<span class=\"_ _4\"></span>S 1<span class=\"_ _1\"></span>5 Reve<span class=\"_ _4\"></span>nue f<span class=\"_ _4\"></span>rom c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s wit<span class=\"_ _4\"></span>h cu<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tome<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>.</div>\n<div class=\"t m0 xe h6 y1b4 ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Re<span class=\"_ _3\"></span>venue<span class=\"_ _1\"></span> from ser<span class=\"_ _4\"></span>vices rendered</div>\n<div class=\"t m8 xe hb y83 ff1 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">Reven<span class=\"_ _4\"></span>ue fr<span class=\"_ _4\"></span>om s<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s suc<span class=\"_ _4\"></span>h as s<span class=\"_ _4\"></span>hip ma<span class=\"_ _4\"></span>nage<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t, eng<span class=\"_ _4\"></span>ine<span class=\"_ _4\"></span>eri<span class=\"_ _4\"></span>ng an<span class=\"_ _4\"></span>d tec<span class=\"_ _4\"></span>hnic<span class=\"_ _4\"></span>al as<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>nce s<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in</div>\n<div class=\"t m216 xe hb y84 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment ov<span class=\"_ _4\"></span>er tim<span class=\"_ _4\"></span>e as t<span class=\"_ _4\"></span>he se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>vi<span class=\"_ _4\"></span>ces a<span class=\"_ _4\"></span>re pr<span class=\"_ _4\"></span>ovid<span class=\"_ _4\"></span>ed. T<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>tom<span class=\"_ _4\"></span>er si<span class=\"_ _4\"></span>mult<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>eou<span class=\"_ _4\"></span>sly r<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>ives a<span class=\"_ _4\"></span>nd co<span class=\"_ _4\"></span>n<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m217 xe hb y85 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">su<span class=\"_ _4\"></span>mes t<span class=\"_ _4\"></span>he be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s prov<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>d by t<span class=\"_ _4\"></span>he ent<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>\u2019s per<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>man<span class=\"_ _4\"></span>ce as t<span class=\"_ _4\"></span>he ent<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>ms (re<span class=\"_ _4\"></span>cur<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ing s<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s). Invoices a<span class=\"_ _4\"></span>nd</div>\n<div class=\"t m8 xe hb y86 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rela<span class=\"_ _4\"></span>ted p<span class=\"_ _4\"></span>ayme<span class=\"_ _4\"></span>nt te<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>s de<span class=\"_ _4\"></span>pen<span class=\"_ _4\"></span>d on i<span class=\"_ _4\"></span>ndiv<span class=\"_ _4\"></span>id<span class=\"_ _4\"></span>ual co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ual te<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m0 xe h6 y205 ff2 fs4 fc1 sc0 ls48 ws4c\" style=\"z-index: 15;\">Licens<span class=\"_ _4\"></span>e income</div>\n<div class=\"t m218 xe hb y89 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Reven<span class=\"_ _4\"></span>ue f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>he lic<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>ing of E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR<span class=\"_ _4\"></span>\u2019s intell<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ual pr<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _7\"></span>y is in g<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>l reco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d over ti<span class=\"_ _4\"></span>me to<span class=\"_ _4\"></span>get<span class=\"_ _4\"></span>her w<span class=\"_ _4\"></span>ith t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m8 xe hb y8a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">und<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>lyi<span class=\"_ _4\"></span>ng se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ices r<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>d ba<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d on ti<span class=\"_ _4\"></span>me an<span class=\"_ _4\"></span>d mater<span class=\"_ _4\"></span>ial s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nt. I<span class=\"_ _4\"></span>n ca<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>he lice<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>e reven<span class=\"_ _4\"></span>ue is co<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>der<span class=\"_ _4\"></span>ed di<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tinc<span class=\"_ _7\"></span>t</div>\n<div class=\"t m219 xe hb yd8 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">and d<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t wi<span class=\"_ _4\"></span>thin t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ontex<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rac<span class=\"_ _7\"></span>t, th<span class=\"_ _4\"></span>is reve<span class=\"_ _4\"></span>nue wi<span class=\"_ _4\"></span>ll be re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d at th<span class=\"_ _4\"></span>e poi<span class=\"_ _4\"></span>nt in ti<span class=\"_ _4\"></span>me w<span class=\"_ _4\"></span>hen E<span class=\"_ _4\"></span>X<span class=\"_ _4\"></span>MAR</div>\n<div class=\"t m8 xe hb y8b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">sa<span class=\"_ _4\"></span>tis<span class=\"_ _4\"></span>\ufb01es t<span class=\"_ _4\"></span>he p<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>ma<span class=\"_ _4\"></span>nce ob<span class=\"_ _4\"></span>liga<span class=\"_ _4\"></span>tion a<span class=\"_ _4\"></span>nd co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ol is t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e cus<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>mer.</div>\n<div class=\"t m0 xe h6 y206 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Gai<span class=\"_ _4\"></span>n on s<span class=\"_ _4\"></span>ale o<span class=\"_ _4\"></span>f as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts</div>\n<div class=\"t m21a xe hb y4d ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">Gain o<span class=\"_ _4\"></span>n the s<span class=\"_ _4\"></span>ale o<span class=\"_ _4\"></span>f as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s (ves<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>els a<span class=\"_ _4\"></span>nd bar<span class=\"_ _4\"></span>ges) i<span class=\"_ _4\"></span>s reco<span class=\"_ _4\"></span>gniz<span class=\"_ _4\"></span>ed in t<span class=\"_ _4\"></span>he pr<span class=\"_ _4\"></span>o\ufb01t or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t whe<span class=\"_ _4\"></span>n con<span class=\"_ _4\"></span>trol o<span class=\"_ _4\"></span>f the</div>\n<div class=\"t m21b xe hb y4e ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">go<span class=\"_ _4\"></span>ods u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>erl<span class=\"_ _4\"></span>yin<span class=\"_ _4\"></span>g the p<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>icu<span class=\"_ _4\"></span>lar pe<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>fo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>manc<span class=\"_ _4\"></span>e obli<span class=\"_ _4\"></span>gati<span class=\"_ _4\"></span>on is t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e cus<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>mer<span class=\"_ _1\"></span>, w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h in ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>al is a<span class=\"_ _4\"></span>t the</div>\n<div class=\"t m21c xe hb y72 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">mom<span class=\"_ _4\"></span>ent of d<span class=\"_ _4\"></span>eli<span class=\"_ _4\"></span>ver<span class=\"_ _4\"></span>y of t<span class=\"_ _4\"></span>he ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>el or b<span class=\"_ _4\"></span>arg<span class=\"_ _4\"></span>e to th<span class=\"_ _4\"></span>e cus<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>mer. Invoices a<span class=\"_ _4\"></span>nd re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d pay<span class=\"_ _4\"></span>ment t<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ms de<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nd o<span class=\"_ _4\"></span>n ind<span class=\"_ _4\"></span>i<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y4f ff1 fs9 fc2 sc0 ls17 ws2c\" style=\"z-index: 15;\">vidual co<span class=\"_ _4\"></span>ntra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tual ter<span class=\"_ _4\"></span>ms.</div>\n<div class=\"t m0 xe h6 y207 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Revenu<span class=\"_ _4\"></span>e fro<span class=\"_ _4\"></span>m sa<span class=\"_ _4\"></span>le of go<span class=\"_ _4\"></span>ods</div>\n<div class=\"t m1b1 xe hb y53 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s w<span class=\"_ _4\"></span>ith c<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>mer<span class=\"_ _4\"></span>s to s<span class=\"_ _4\"></span>ell go<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>s have on<span class=\"_ _4\"></span>ly on<span class=\"_ _4\"></span>e per<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>ma<span class=\"_ _4\"></span>nce o<span class=\"_ _4\"></span>blig<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n. Reven<span class=\"_ _4\"></span>ue re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on oc<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>rs at a</div>\n<div class=\"t m8 xe hb y54 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">poi<span class=\"_ _4\"></span>nt in t<span class=\"_ _4\"></span>ime w<span class=\"_ _4\"></span>hen c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rol of t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t is tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>sf<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>red t<span class=\"_ _4\"></span>o the c<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>mer<span class=\"_ _1\"></span>, i<span class=\"_ _4\"></span>n gen<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>al up<span class=\"_ _4\"></span>on t<span class=\"_ _4\"></span>he de<span class=\"_ _4\"></span>liver<span class=\"_ _7\"></span>y of go<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m0 xe h6 y1dd ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Manufac<span class=\"_ _4\"></span>turing projec<span class=\"_ _4\"></span>t revenue</div>\n<div class=\"t m21d xe hb y57 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">For reve<span class=\"_ _4\"></span>nue o<span class=\"_ _4\"></span>ut of ma<span class=\"_ _4\"></span>nuf<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing p<span class=\"_ _4\"></span>rojec<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>s, the p<span class=\"_ _4\"></span>erc<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>age o<span class=\"_ _4\"></span>f com<span class=\"_ _4\"></span>plet<span class=\"_ _4\"></span>ion me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>d is us<span class=\"_ _4\"></span>ed, p<span class=\"_ _4\"></span>rovid<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he ou<span class=\"_ _4\"></span>t<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y58 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>e of th<span class=\"_ _4\"></span>e proj<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t c<span class=\"_ _4\"></span>an b<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ed w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h reas<span class=\"_ _4\"></span>ona<span class=\"_ _4\"></span>ble ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>.</div>\n\n<div class=\"t m0 xe h6 y1b7 ff2 fs4 fc1 sc0 ls4d ws53\" style=\"z-index: 15;\">Commissions</div>\n<div class=\"t m180 xe hb y5c ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">if t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>n the c<span class=\"_ _4\"></span>ap<span class=\"_ _4\"></span>aci<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y of an ag<span class=\"_ _4\"></span>ent r<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>han as a p<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>pal in t<span class=\"_ _4\"></span>he tr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>nsa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n, the<span class=\"_ _4\"></span>n the re<span class=\"_ _4\"></span>venue r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>g<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">nis<span class=\"_ _4\"></span>ed is t<span class=\"_ _4\"></span>he ne<span class=\"_ _4\"></span>t amo<span class=\"_ _4\"></span>unt of co<span class=\"_ _4\"></span>mmi<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ion r<span class=\"_ _4\"></span>ealize<span class=\"_ _4\"></span>d by th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 476px; height: 61px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 476px; height: 663px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag393": {
   "value": "\n<div class=\"t m0 xe h6 y1b7 ff2 fs4 fc1 sc0 ls4d ws53\" style=\"z-index: 15;\">Commissions</div>\n<div class=\"t m180 xe hb y5c ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">if t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>n the c<span class=\"_ _4\"></span>ap<span class=\"_ _4\"></span>aci<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y of an ag<span class=\"_ _4\"></span>ent r<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>han as a p<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>pal in t<span class=\"_ _4\"></span>he tr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>nsa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n, the<span class=\"_ _4\"></span>n the re<span class=\"_ _4\"></span>venue r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>g<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">nis<span class=\"_ _4\"></span>ed is t<span class=\"_ _4\"></span>he ne<span class=\"_ _4\"></span>t amo<span class=\"_ _4\"></span>unt of co<span class=\"_ _4\"></span>mmi<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ion r<span class=\"_ _4\"></span>ealize<span class=\"_ _4\"></span>d by th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 476px; height: 61px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFeeAndCommissionIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag396": {
   "value": "\n<div class=\"t m0 xe h13 y60 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">M. <span class=\"_ _b8\"> </span><span class=\"ls52 ws5a\">LEA<span class=\"_ _4\"></span>SES</span></div>\n<div class=\"t me5 xe hb y76 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">At inc<span class=\"_ _4\"></span>ept<span class=\"_ _4\"></span>ion of a co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>t, th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>her a c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rac<span class=\"_ _7\"></span>t is, or c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ain<span class=\"_ _4\"></span>s, a leas<span class=\"_ _4\"></span>e. A cont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t is, o<span class=\"_ _4\"></span>r cont<span class=\"_ _4\"></span>ain<span class=\"_ _4\"></span>s,</div>\n<div class=\"t m1a2 xe hb y61 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">a leas<span class=\"_ _4\"></span>e if t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>t convey<span class=\"_ _4\"></span>s th<span class=\"_ _4\"></span>e rig<span class=\"_ _4\"></span>ht to co<span class=\"_ _4\"></span>ntro<span class=\"_ _4\"></span>l th<span class=\"_ _4\"></span>e use of a<span class=\"_ _4\"></span>n id<span class=\"_ _4\"></span>enti<span class=\"_ _4\"></span>\ufb01ed a<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>set fo<span class=\"_ _4\"></span>r a pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d of ti<span class=\"_ _4\"></span>me in exc<span class=\"_ _4\"></span>ha<span class=\"_ _4\"></span>nge</div>\n<div class=\"t m8 xe hb y77 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">for consideration.</div>\n<div class=\"t m0 xe h6 y208 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s a les<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>e</div>\n<div class=\"t m21e xe hb y79 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">At com<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>ment o<span class=\"_ _4\"></span>r on mo<span class=\"_ _4\"></span>di<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n of a con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>hat co<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>ains a l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e com<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>nent<span class=\"_ _4\"></span>, the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p alloc<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>es th<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y66 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">sid<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on in t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>o each l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e com<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>nent o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e bas<span class=\"_ _4\"></span>is of it<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>lati<span class=\"_ _4\"></span>ve s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>- alo<span class=\"_ _4\"></span>ne pr<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m21f xe hb y67 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p rec<span class=\"_ _4\"></span>og<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>s a ri<span class=\"_ _4\"></span>ght-<span class=\"_ _4\"></span>of-<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set a<span class=\"_ _4\"></span>nd a lea<span class=\"_ _4\"></span>se li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y at t<span class=\"_ _4\"></span>he lea<span class=\"_ _4\"></span>se co<span class=\"_ _4\"></span>mme<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt date. T<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>ight-<span class=\"_ _4\"></span>of-<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>e</div>\n<div class=\"t m220 xe hb y68 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set i<span class=\"_ _4\"></span>s init<span class=\"_ _4\"></span>ially m<span class=\"_ _4\"></span>easu<span class=\"_ _4\"></span>red a<span class=\"_ _4\"></span>t cos<span class=\"_ _4\"></span>t, w<span class=\"_ _4\"></span>hich co<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>ris<span class=\"_ _4\"></span>es t<span class=\"_ _4\"></span>he ini<span class=\"_ _4\"></span>tial a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e leas<span class=\"_ _4\"></span>e liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d for any l<span class=\"_ _4\"></span>ease</div>\n<div class=\"t m221 xe hb y69 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">pay<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s mad<span class=\"_ _4\"></span>e at or b<span class=\"_ _4\"></span>efor<span class=\"_ _4\"></span>e the c<span class=\"_ _4\"></span>omm<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt dat<span class=\"_ _4\"></span>e, plus any i<span class=\"_ _4\"></span>nitia<span class=\"_ _4\"></span>l dire<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t co<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>ncu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>nd an e<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>e of cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s</div>\n<div class=\"t m222 xe hb y6a ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">to dis<span class=\"_ _4\"></span>ma<span class=\"_ _4\"></span>ntle a<span class=\"_ _4\"></span>nd re<span class=\"_ _4\"></span>move th<span class=\"_ _4\"></span>e und<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>lyi<span class=\"_ _4\"></span>ng as<span class=\"_ _4\"></span>set o<span class=\"_ _4\"></span>r to re<span class=\"_ _4\"></span>sto<span class=\"_ _4\"></span>re t<span class=\"_ _4\"></span>he und<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>lyi<span class=\"_ _4\"></span>ng as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t or th<span class=\"_ _4\"></span>e site o<span class=\"_ _4\"></span>n wh<span class=\"_ _4\"></span>ich i<span class=\"_ _4\"></span>t is loc<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d,</div>\n<div class=\"t m8 xe hb y7b ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">less any lease incentives received.</div>\n<div class=\"t m223 xe hb y6b ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e rig<span class=\"_ _4\"></span>ht-o<span class=\"_ _4\"></span>f-u<span class=\"_ _4\"></span>se a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et is s<span class=\"_ _4\"></span>ubs<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>ue<span class=\"_ _4\"></span>ntly d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>d usi<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e st<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ight-<span class=\"_ _4\"></span>line me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>d f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>mme<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t date</div>\n<div class=\"t m8 xe hb y6c ff1 fs9 fc2 sc0 ls2 ws24\" style=\"z-index: 15;\">to th<span class=\"_ _4\"></span>e end o<span class=\"_ _4\"></span>f the l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e ter<span class=\"_ _4\"></span>m, unle<span class=\"_ _4\"></span>ss t<span class=\"_ _4\"></span>he le<span class=\"_ _4\"></span>ase t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>s ow<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>hip of t<span class=\"_ _4\"></span>he un<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>rly<span class=\"_ _4\"></span>ing a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et to t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up by t<span class=\"_ _4\"></span>he en<span class=\"_ _4\"></span>d</div>\n<div class=\"t m224 xe hb y6d ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e leas<span class=\"_ _4\"></span>e ter<span class=\"_ _4\"></span>m or t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>st o<span class=\"_ _4\"></span>f the r<span class=\"_ _4\"></span>igh<span class=\"_ _4\"></span>t-of-<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t re\ufb02e<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s tha<span class=\"_ _4\"></span>t the G<span class=\"_ _4\"></span>roup w<span class=\"_ _4\"></span>ill exer<span class=\"_ _4\"></span>cis<span class=\"_ _4\"></span>e a pur<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>se op<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n. In tha<span class=\"_ _4\"></span>t</div>\n<div class=\"t m8 xe hb y6e ff1 fs9 fc2 sc0 ls2 ws4e\" style=\"z-index: 15;\">ca<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>ight-<span class=\"_ _4\"></span>of-<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set w<span class=\"_ _4\"></span>ill be d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>d over t<span class=\"_ _4\"></span>he us<span class=\"_ _4\"></span>efu<span class=\"_ _4\"></span>l life of t<span class=\"_ _4\"></span>he un<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>rly<span class=\"_ _4\"></span>ing a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et, w<span class=\"_ _4\"></span>hich i<span class=\"_ _4\"></span>s det<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>mine<span class=\"_ _4\"></span>d on</div>\n<div class=\"t m225 xe hb y6f ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e sam<span class=\"_ _4\"></span>e bas<span class=\"_ _4\"></span>is as t<span class=\"_ _4\"></span>hos<span class=\"_ _4\"></span>e of pr<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _7\"></span>y and e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>pme<span class=\"_ _4\"></span>nt. I<span class=\"_ _4\"></span>n ad<span class=\"_ _4\"></span>diti<span class=\"_ _4\"></span>on, th<span class=\"_ _4\"></span>e rig<span class=\"_ _4\"></span>ht-o<span class=\"_ _4\"></span>f-u<span class=\"_ _4\"></span>se a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et is p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>ally re<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>ced by</div>\n<div class=\"t m8 xe hb y70 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es, if a<span class=\"_ _4\"></span>ny<span class=\"_ _1\"></span>, an<span class=\"_ _4\"></span>d adj<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>ted f<span class=\"_ _4\"></span>or cer<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>ain re<span class=\"_ _4\"></span>meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s of th<span class=\"_ _4\"></span>e leas<span class=\"_ _4\"></span>e liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y.</div>\n<div class=\"t m226 xe hb y71 ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e leas<span class=\"_ _4\"></span>e liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y is i<span class=\"_ _4\"></span>nit<span class=\"_ _4\"></span>ially me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>red a<span class=\"_ _4\"></span>t the p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alue o<span class=\"_ _4\"></span>f the l<span class=\"_ _4\"></span>ease p<span class=\"_ _4\"></span>aym<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e not pai<span class=\"_ _4\"></span>d at th<span class=\"_ _4\"></span>e com<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ce<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 80px; height: 366px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m8 x1 hb y42 ff1 fs9 fc2 sc0 ls2 ws2c\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t date, dis<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d usi<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate imp<span class=\"_ _4\"></span>lici<span class=\"_ _4\"></span>t in t<span class=\"_ _4\"></span>he leas<span class=\"_ _4\"></span>e or<span class=\"_ _3\"></span>, if th<span class=\"_ _4\"></span>at ra<span class=\"_ _4\"></span>te ca<span class=\"_ _4\"></span>nnot b<span class=\"_ _4\"></span>e rea<span class=\"_ _4\"></span>dily d<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>d, the</div>\n<div class=\"t m197 x1 hb y7e ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Gro<span class=\"_ _4\"></span>up<span class=\"_ _3\"></span>\u2019<span class=\"_ _3\"></span>s inc<span class=\"_ _4\"></span>rem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>al b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ng r<span class=\"_ _4\"></span>ate. Gen<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ally<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup u<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s it<span class=\"_ _4\"></span>s inc<span class=\"_ _4\"></span>rem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>al b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ng r<span class=\"_ _4\"></span>ate as t<span class=\"_ _4\"></span>he dis<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>unt r<span class=\"_ _4\"></span>ate.</div>\n<div class=\"t m227 x1 hb y7f ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p det<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>mine<span class=\"_ _4\"></span>s it<span class=\"_ _4\"></span>s in<span class=\"_ _4\"></span>cre<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>tal b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing r<span class=\"_ _4\"></span>ate by o<span class=\"_ _4\"></span>bt<span class=\"_ _4\"></span>aini<span class=\"_ _4\"></span>ng inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s fro<span class=\"_ _4\"></span>m var<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>us ex<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>rn<span class=\"_ _4\"></span>al \ufb01na<span class=\"_ _4\"></span>ncin<span class=\"_ _4\"></span>g</div>\n<div class=\"t m8 x1 hb y43 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">so<span class=\"_ _4\"></span>urce<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d makes ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain a<span class=\"_ _4\"></span>djus<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to re\ufb02e<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>he ter<span class=\"_ _4\"></span>ms o<span class=\"_ _4\"></span>f the l<span class=\"_ _4\"></span>ease a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>pe of t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et lea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m8 x1 hb y1c8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lea<span class=\"_ _4\"></span>se pay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ed in t<span class=\"_ _4\"></span>he me<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>rem<span class=\"_ _4\"></span>ent of t<span class=\"_ _4\"></span>he le<span class=\"_ _4\"></span>ase li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y com<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>e the f<span class=\"_ _4\"></span>ollow<span class=\"_ _4\"></span>ing:</div>\n<div class=\"t m8 x1 hb y209 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Fi<span class=\"_ _4\"></span>xed pay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s, inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ing in<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>sub<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ce \ufb01<span class=\"_ _4\"></span>xed pay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s;</div>\n<div class=\"t m8 x1 hb y20a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m228 x3b hb y82 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Varia<span class=\"_ _4\"></span>ble le<span class=\"_ _4\"></span>ase p<span class=\"_ _4\"></span>aym<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>hat de<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nd on a<span class=\"_ _4\"></span>n ind<span class=\"_ _4\"></span>ex or a r<span class=\"_ _4\"></span>ate, ini<span class=\"_ _4\"></span>tiall<span class=\"_ _4\"></span>y meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d usi<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e ind<span class=\"_ _4\"></span>ex or r<span class=\"_ _4\"></span>ate a<span class=\"_ _4\"></span>s at th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 x3b hb y83 ff1 fs9 fc2 sc0 ls31 ws3e\" style=\"z-index: 15;\">commencemen<span class=\"_ _1\"></span>t date<span class=\"_ _1\"></span>;</div>\n<div class=\"t m8 x1 hb y20b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s exp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed to b<span class=\"_ _4\"></span>e paya<span class=\"_ _4\"></span>ble u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>er a res<span class=\"_ _4\"></span>id<span class=\"_ _4\"></span>ual val<span class=\"_ _4\"></span>ue gu<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ante<span class=\"_ _4\"></span>e<span class=\"_ _3\"></span>; and</div>\n<div class=\"t m8 x1 hb y20c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span><span class=\"ws3a\">Th<span class=\"_ _4\"></span>e exerc<span class=\"_ _4\"></span>ise p<span class=\"_ _4\"></span>ric<span class=\"_ _4\"></span>e und<span class=\"_ _4\"></span>er a p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>e opt<span class=\"_ _4\"></span>ion t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up is r<span class=\"_ _4\"></span>easo<span class=\"_ _4\"></span>nab<span class=\"_ _4\"></span>ly ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain to exe<span class=\"_ _4\"></span>rci<span class=\"_ _4\"></span>se, leas<span class=\"_ _4\"></span>e pay<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts i<span class=\"_ _4\"></span>n </span></div>\n<div class=\"t m8 x3b hb y20d ff1 fs9 fc2 sc0 ls2 ws1c\" style=\"z-index: 15;\">an o<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>nal re<span class=\"_ _4\"></span>new<span class=\"_ _4\"></span>al pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d if t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up is r<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>onab<span class=\"_ _4\"></span>ly ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain to e<span class=\"_ _4\"></span>xerci<span class=\"_ _4\"></span>se an e<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>tens<span class=\"_ _4\"></span>ion o<span class=\"_ _4\"></span>pti<span class=\"_ _4\"></span>on, and p<span class=\"_ _4\"></span>ena<span class=\"_ _4\"></span>ltie<span class=\"_ _4\"></span>s for</div>\n<div class=\"t m8 x3b hb y20e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ear<span class=\"_ _4\"></span>ly te<span class=\"_ _4\"></span>rmi<span class=\"_ _4\"></span>nati<span class=\"_ _4\"></span>on of a le<span class=\"_ _4\"></span>ase u<span class=\"_ _4\"></span>nles<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up is r<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ona<span class=\"_ _4\"></span>bly ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain n<span class=\"_ _4\"></span>ot to ter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>nate ear<span class=\"_ _4\"></span>ly.</div>\n<div class=\"t mcd x1 hb y8c ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e leas<span class=\"_ _4\"></span>e liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y is m<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at amo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d cos<span class=\"_ _4\"></span>t us<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he ef<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ive inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>d. It is r<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>red w<span class=\"_ _4\"></span>hen t<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>e</div>\n<div class=\"t m229 x1 hb y88 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">is a c<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>e in fu<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>re leas<span class=\"_ _4\"></span>e pay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s ari<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>g fro<span class=\"_ _4\"></span>m a cha<span class=\"_ _4\"></span>nge i<span class=\"_ _4\"></span>n an in<span class=\"_ _4\"></span>dex or r<span class=\"_ _4\"></span>ate, if t<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>e is a cha<span class=\"_ _4\"></span>nge i<span class=\"_ _4\"></span>n the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s</div>\n<div class=\"t m18a x1 hb y89 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">es<span class=\"_ _4\"></span>tim<span class=\"_ _4\"></span>ate of t<span class=\"_ _4\"></span>he amo<span class=\"_ _4\"></span>unt ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to be p<span class=\"_ _4\"></span>ayab<span class=\"_ _4\"></span>le un<span class=\"_ _4\"></span>der a r<span class=\"_ _4\"></span>esi<span class=\"_ _4\"></span>dual v<span class=\"_ _4\"></span>alue g<span class=\"_ _4\"></span>uar<span class=\"_ _4\"></span>ante<span class=\"_ _4\"></span>e, if the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s it<span class=\"_ _4\"></span>s as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m22a x1 hb y8a ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t of wh<span class=\"_ _4\"></span>ethe<span class=\"_ _4\"></span>r it wi<span class=\"_ _4\"></span>ll exerc<span class=\"_ _4\"></span>ise a p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>e, ext<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>ion or t<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>mina<span class=\"_ _4\"></span>tion o<span class=\"_ _4\"></span>pti<span class=\"_ _4\"></span>on or i<span class=\"_ _4\"></span>f the<span class=\"_ _4\"></span>re is a re<span class=\"_ _4\"></span>vis<span class=\"_ _4\"></span>ed in<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>sub<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>nce</div>\n<div class=\"t m8 x1 hb yd8 ff1 fs9 fc2 sc0 ls27 ws13\" style=\"z-index: 15;\">\ufb01xed<span class=\"_ _1\"></span> lease pa<span class=\"_ _1\"></span>yment.</div>\n<div class=\"t m22b x1 hb y8b ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he lea<span class=\"_ _4\"></span>se lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>y i<span class=\"_ _4\"></span>s rem<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ured i<span class=\"_ _4\"></span>n thi<span class=\"_ _4\"></span>s way<span class=\"_ _1\"></span>, a c<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>ng adj<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent is m<span class=\"_ _4\"></span>ade to t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>ing am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>t of</div>\n<div class=\"t ma8 x1 hb y4a ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e rig<span class=\"_ _4\"></span>ht-o<span class=\"_ _4\"></span>f-u<span class=\"_ _4\"></span>se a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et, o<span class=\"_ _4\"></span>r is rec<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss i<span class=\"_ _4\"></span>f th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _4\"></span>ng amo<span class=\"_ _4\"></span>unt of t<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>igh<span class=\"_ _4\"></span>t-of-<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et has b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n re<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">duc<span class=\"_ _4\"></span>ed to ze<span class=\"_ _4\"></span>ro.</div>\n<div class=\"t m22c x1 hb y4c ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">The G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p pre<span class=\"_ _4\"></span>sen<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s rig<span class=\"_ _4\"></span>ht-of<span class=\"_ _4\"></span>-u<span class=\"_ _4\"></span>se as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s se<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>atel<span class=\"_ _4\"></span>y on t<span class=\"_ _4\"></span>he fa<span class=\"_ _4\"></span>ce of th<span class=\"_ _4\"></span>e bala<span class=\"_ _4\"></span>nce s<span class=\"_ _4\"></span>hee<span class=\"_ _4\"></span>t and le<span class=\"_ _4\"></span>ase lia<span class=\"_ _4\"></span>bili<span class=\"_ _4\"></span>ties i<span class=\"_ _4\"></span>n \u201cLoan<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x1 hb y4d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">and b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s\u201d in the s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment of \ufb01<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cial p<span class=\"_ _4\"></span>osi<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n.</div>\n<div class=\"t m0 x1 h6 y1b1 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Sho<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t-term le<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d lea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s of low<span class=\"_ _4\"></span>-val<span class=\"_ _4\"></span>ue a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s</div>\n<div class=\"t m22d x1 hb y50 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p has el<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d not to r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se r<span class=\"_ _4\"></span>ight-<span class=\"_ _4\"></span>of-<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd le<span class=\"_ _4\"></span>ase li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s for le<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>s of low<span class=\"_ _4\"></span>-va<span class=\"_ _4\"></span>lue as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s and</div>\n<div class=\"t mce x1 hb y51 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">sh<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t-te<span class=\"_ _4\"></span>rm l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>es, in<span class=\"_ _4\"></span>clud<span class=\"_ _4\"></span>ing IT e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>pme<span class=\"_ _4\"></span>nt. T<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>es th<span class=\"_ _4\"></span>e leas<span class=\"_ _4\"></span>e pay<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>iated w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h the<span class=\"_ _4\"></span>se le<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x1 hb y52 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">as an e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>e on a s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>aig<span class=\"_ _4\"></span>ht-li<span class=\"_ _4\"></span>ne ba<span class=\"_ _4\"></span>sis ove<span class=\"_ _4\"></span>r the l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e ter<span class=\"_ _4\"></span>m.</div>\n<div class=\"t m0 x1 h6 y1a9 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s a les<span class=\"_ _4\"></span>so<span class=\"_ _4\"></span>r</div>\n<div class=\"t m8 x1 hb y55 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">At inc<span class=\"_ _4\"></span>ept<span class=\"_ _4\"></span>ion o<span class=\"_ _4\"></span>r on mo<span class=\"_ _4\"></span>di\ufb01c<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion of a c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t tha<span class=\"_ _4\"></span>t cont<span class=\"_ _4\"></span>ai<span class=\"_ _4\"></span>ns a lea<span class=\"_ _4\"></span>se co<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>one<span class=\"_ _4\"></span>nt, th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up allo<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>tes t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>der<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>-</div>\n<div class=\"t m8 x1 hb y56 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">tio<span class=\"_ _4\"></span>n in th<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t to ea<span class=\"_ _4\"></span>ch le<span class=\"_ _4\"></span>ase c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>ent o<span class=\"_ _4\"></span>n the b<span class=\"_ _4\"></span>asi<span class=\"_ _4\"></span>s of the<span class=\"_ _4\"></span>ir rel<span class=\"_ _4\"></span>ative s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>d-<span class=\"_ _4\"></span>alo<span class=\"_ _4\"></span>ne pr<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m22e x1 hb y57 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>s a les<span class=\"_ _4\"></span>so<span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>, it d<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>nes at l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e ince<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n wh<span class=\"_ _4\"></span>eth<span class=\"_ _4\"></span>er eac<span class=\"_ _4\"></span>h lea<span class=\"_ _4\"></span>se is a \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>e leas<span class=\"_ _4\"></span>e or an o<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y58 ff1 fs9 fc2 sc0 lsf ws1c\" style=\"z-index: 15;\">erat<span class=\"_ _4\"></span>ing lease.</div>\n<div class=\"t m22f x1 hb y59 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>o cla<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>if<span class=\"_ _4\"></span>y ea<span class=\"_ _4\"></span>ch le<span class=\"_ _4\"></span>ase, th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p makes a<span class=\"_ _4\"></span>n over<span class=\"_ _4\"></span>all as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>sme<span class=\"_ _4\"></span>nt of w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>he lea<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>s su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>antia<span class=\"_ _4\"></span>lly all of</div>\n<div class=\"t m8 x1 hb y5a ff1 fs9 fc2 sc0 ls2 ws4e\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e ris<span class=\"_ _4\"></span>ks a<span class=\"_ _4\"></span>nd re<span class=\"_ _4\"></span>war<span class=\"_ _4\"></span>ds in<span class=\"_ _4\"></span>cid<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>al to ow<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>hip of t<span class=\"_ _4\"></span>he un<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>rly<span class=\"_ _4\"></span>ing a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et. I<span class=\"_ _4\"></span>f this i<span class=\"_ _4\"></span>s the c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>e, the<span class=\"_ _4\"></span>n the l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e is a \ufb01na<span class=\"_ _4\"></span>nce</div>\n<div class=\"t m230 x1 hb y5b ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">leas<span class=\"_ _4\"></span>e; if not, t<span class=\"_ _4\"></span>hen i<span class=\"_ _4\"></span>t is an o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ing le<span class=\"_ _4\"></span>ase. A<span class=\"_ _4\"></span>s pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>his as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>sm<span class=\"_ _4\"></span>ent, t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up co<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>rs c<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain i<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>cat<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>s suc<span class=\"_ _4\"></span>h</div>\n<div class=\"t m8 x1 hb y5c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">as w<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>he lea<span class=\"_ _4\"></span>se is f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e majo<span class=\"_ _4\"></span>r par<span class=\"_ _7\"></span>t of th<span class=\"_ _4\"></span>e eco<span class=\"_ _4\"></span>nomi<span class=\"_ _4\"></span>c life of t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et.</div>\n<div class=\"t m231 x1 hb y5d ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">If an ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt co<span class=\"_ _4\"></span>nta<span class=\"_ _4\"></span>ins lea<span class=\"_ _4\"></span>se a<span class=\"_ _4\"></span>nd no<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>leas<span class=\"_ _4\"></span>e com<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>nent<span class=\"_ _4\"></span>s, t<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>n the Gr<span class=\"_ _4\"></span>oup a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>lies IFRS 15 to alloc<span class=\"_ _4\"></span>ate t<span class=\"_ _4\"></span>he con</div>\n<div class=\"t me x14 hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y5e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">sid<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on in t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>.</div>\n<div class=\"t m8 x1 hb y20f ff1 fs9 fc2 sc0 ls2 ws1c\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p rec<span class=\"_ _4\"></span>ogni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s leas<span class=\"_ _4\"></span>e pay<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts r<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>ived u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>er op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ng lea<span class=\"_ _4\"></span>ses a<span class=\"_ _4\"></span>s inco<span class=\"_ _4\"></span>me o<span class=\"_ _4\"></span>n a st<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ight-<span class=\"_ _4\"></span>line b<span class=\"_ _4\"></span>asis ove<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 x1 hb y210 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">leas<span class=\"_ _4\"></span>e ter<span class=\"_ _4\"></span>m a<span class=\"_ _4\"></span>s par<span class=\"_ _7\"></span>t of \u201cRevenu<span class=\"_ _4\"></span>e\u201d<span class=\"_ _2\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 426px; height: 713px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag398": {
   "value": "\n<div class=\"t m0 x1 h13 y61 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">N. <span class=\"_\"> </span><span class=\"ls4c ws52\">GO<span class=\"_ _3\"></span>VERNMENT GR<span class=\"_ _4\"></span>ANT<span class=\"_ _4\"></span>S</span></div>\n<div class=\"t m141 x1 hb y63 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Gover<span class=\"_ _4\"></span>n<span class=\"_ _4\"></span>ment g<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>ally as d<span class=\"_ _4\"></span>efer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d in<span class=\"_ _4\"></span>come a<span class=\"_ _4\"></span>t fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>ere is a r<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ona<span class=\"_ _4\"></span>ble as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ance</div>\n<div class=\"t m232 x1 hb y64 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">tha<span class=\"_ _4\"></span>t they w<span class=\"_ _4\"></span>ill be r<span class=\"_ _4\"></span>ecei<span class=\"_ _4\"></span>ved a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p will c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>ly wi<span class=\"_ _4\"></span>th t<span class=\"_ _4\"></span>he con<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s ass<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>d wit<span class=\"_ _4\"></span>h the g<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nt an<span class=\"_ _4\"></span>d are t<span class=\"_ _4\"></span>hen</div>\n<div class=\"t m5d x1 hb y65 ff1 fs9 fc2 sc0 ls23 wsf\" style=\"z-index: 15;\">rec<span class=\"_ _4\"></span>og<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d in p<span class=\"_ _4\"></span>ro\ufb01t a<span class=\"_ _4\"></span>nd lo<span class=\"_ _4\"></span>ss a<span class=\"_ _4\"></span>s oth<span class=\"_ _4\"></span>er inc<span class=\"_ _4\"></span>ome o<span class=\"_ _4\"></span>n a sy<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tem<span class=\"_ _4\"></span>atic b<span class=\"_ _4\"></span>asi<span class=\"_ _4\"></span>s over th<span class=\"_ _4\"></span>e us<span class=\"_ _4\"></span>efu<span class=\"_ _4\"></span>l life of t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et. Gr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s tha<span class=\"_ _4\"></span>t</div>\n<div class=\"t m233 x1 hb y79 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nsa<span class=\"_ _4\"></span>te th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p for ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>es in<span class=\"_ _4\"></span>cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>n a sys<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>mati<span class=\"_ _4\"></span>c bas<span class=\"_ _4\"></span>is in t<span class=\"_ _4\"></span>he pe<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ods</div>\n<div class=\"t m8 x1 hb y66 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">in which the expens<span class=\"_ _4\"></span>es are recognised.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 278px; height: 119px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag395": {
   "value": "\n<div class=\"t m0 x1 h13 y69 ff3 fs4 fc0 sc0 ls53 ws5b\" style=\"z-index: 15;\">O. <span class=\"_ _d6\"> </span><span class=\"ls48 ws4c\">FINANCE<span class=\"_ _3\"></span> INCOM<span class=\"_ _3\"></span>E AND EXPENS<span class=\"_ _3\"></span>ES</span></div>\n<div class=\"t m234 x1 hb y7b ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">Fina<span class=\"_ _4\"></span>nce i<span class=\"_ _4\"></span>nco<span class=\"_ _4\"></span>me con<span class=\"_ _4\"></span>sis<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s of in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>s r<span class=\"_ _4\"></span>ecei<span class=\"_ _4\"></span>ved, di<span class=\"_ _4\"></span>vid<span class=\"_ _4\"></span>end i<span class=\"_ _4\"></span>nco<span class=\"_ _4\"></span>me, gains o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e dis<span class=\"_ _4\"></span>pos<span class=\"_ _4\"></span>al of e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y se<span class=\"_ _4\"></span>cur<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>ies at F<span class=\"_ _4\"></span>V<span class=\"_ _7\"></span>TPL,</div>\n<div class=\"t m235 x1 hb y6b ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s in t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue of \ufb01n<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s at fa<span class=\"_ _4\"></span>ir val<span class=\"_ _4\"></span>ue th<span class=\"_ _4\"></span>roug<span class=\"_ _4\"></span>h pr<span class=\"_ _4\"></span>o\ufb01t or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s, and g<span class=\"_ _4\"></span>ains o<span class=\"_ _4\"></span>n he<span class=\"_ _4\"></span>dgi<span class=\"_ _4\"></span>ng ins<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s</div>\n<div class=\"t m236 x1 hb y6c ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">tha<span class=\"_ _4\"></span>t are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d exch<span class=\"_ _4\"></span>ange r<span class=\"_ _4\"></span>ate g<span class=\"_ _4\"></span>ains<span class=\"_ _4\"></span>. Inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t in<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e is rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he pro<span class=\"_ _4\"></span>\ufb01t or lo<span class=\"_ _4\"></span>ss</div>\n<div class=\"t m237 x1 hb y6d ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">s<span class=\"_ _4\"></span>tat<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt as it a<span class=\"_ _4\"></span>ccr<span class=\"_ _4\"></span>ue<span class=\"_ _4\"></span>s, t<span class=\"_ _4\"></span>aki<span class=\"_ _4\"></span>ng int<span class=\"_ _4\"></span>o acco<span class=\"_ _4\"></span>unt t<span class=\"_ _4\"></span>he ef<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ive yi<span class=\"_ _4\"></span>eld o<span class=\"_ _4\"></span>n the a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et. D<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>den<span class=\"_ _4\"></span>d inc<span class=\"_ _4\"></span>ome i<span class=\"_ _4\"></span>s reco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 x1 hb y6e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>\ufb01t or lo<span class=\"_ _4\"></span>ss s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t on th<span class=\"_ _4\"></span>e date t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>he di<span class=\"_ _4\"></span>vid<span class=\"_ _4\"></span>end i<span class=\"_ _4\"></span>s de<span class=\"_ _4\"></span>clar<span class=\"_ _4\"></span>ed.</div>\n<div class=\"t m8 x1 hb y211 ff1 fs9 fc2 sc0 ls2 ws55\" style=\"z-index: 15;\">Fina<span class=\"_ _4\"></span>nce ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t of inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse o<span class=\"_ _4\"></span>n bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owi<span class=\"_ _4\"></span>ngs, u<span class=\"_ _4\"></span>nwin<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g of the d<span class=\"_ _4\"></span>isc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>t on pr<span class=\"_ _4\"></span>ovis<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s, cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s in</div>\n<div class=\"t m15f x1 hb y70 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e fair v<span class=\"_ _4\"></span>alue o<span class=\"_ _4\"></span>f \ufb01nan<span class=\"_ _4\"></span>cial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue th<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>gh pr<span class=\"_ _4\"></span>o\ufb01t or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s, imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s rec<span class=\"_ _4\"></span>og<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d on \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s,</div>\n<div class=\"t m8 x1 hb y71 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">exch<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>e rat<span class=\"_ _4\"></span>e los<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s and l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s on he<span class=\"_ _4\"></span>dgi<span class=\"_ _4\"></span>ng in<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s tha<span class=\"_ _4\"></span>t are re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 80px; height: 168px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m238 xe hb y42 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">Borrowing costs that are not directly attributable to the acquisition, construction or production of a qualifying asset</div>\n<div class=\"t m239 xe hb y7e ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">are recognised in pro\ufb01t or loss using the effective interest method. Fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y gai<span class=\"_ _4\"></span>ns an<span class=\"_ _4\"></span>d los<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 xe hb y7f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">on a ne<span class=\"_ _4\"></span>t bas<span class=\"_ _4\"></span>is pe<span class=\"_ _4\"></span>r cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y as e<span class=\"_ _4\"></span>ith<span class=\"_ _4\"></span>er ot<span class=\"_ _4\"></span>her \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>e inco<span class=\"_ _4\"></span>me or \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>e ex<span class=\"_ _4\"></span>pen<span class=\"_ _4\"></span>se.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 1086px; height: 53px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag391": {
   "value": "Borrowing costs that are not directly attributable to the acquisition, construction or production of a qualifying assetare recognised in pro\ufb01t or loss using the effective interest method.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag399": {
   "value": "\n<div></div>\n<div></div>\n\n<div class=\"t m0 xe h13 y81 ff3 fs4 fc0 sc0 ls54 ws5c\" style=\"z-index: 15;\">P.<span class=\"_ _b6\"></span> <span class=\"_ _c9\"> </span><span class=\"ls55 ws5d\">TA<span class=\"_ _b6\"> </span>X<span class=\"_ _7\"></span>E<span class=\"_ _7\"></span>S</span></div>\n<div class=\"t m8 xe hb y83 ff1 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">Inc<span class=\"_ _4\"></span>ome t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>se co<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>f cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nt an<span class=\"_ _4\"></span>d defe<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>xes. C<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>rent a<span class=\"_ _4\"></span>nd d<span class=\"_ _4\"></span>efer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d ta<span class=\"_ _4\"></span>x is r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n the p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>t or</div>\n<div class=\"t m8 xe hb y20b ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">los<span class=\"_ _4\"></span>s s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent, exc<span class=\"_ _4\"></span>ept t<span class=\"_ _4\"></span>o the ex<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ent it r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>s to a bu<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s com<span class=\"_ _4\"></span>bina<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n, or whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>ey rela<span class=\"_ _4\"></span>te to ite<span class=\"_ _4\"></span>ms th<span class=\"_ _4\"></span>at are r<span class=\"_ _4\"></span>ec</div>\n<div class=\"t m8 x3d hb y84 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 xe hb y85 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">ognised direc<span class=\"_ _4\"></span>tly in equit<span class=\"_ _4\"></span>y or in other comprehensive income.</div>\n<div class=\"t m23a xe hb y86 ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">Cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nt t<span class=\"_ _4\"></span>ax is t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d ta<span class=\"_ _4\"></span>x pay<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e or rec<span class=\"_ _4\"></span>eiv<span class=\"_ _4\"></span>able o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e ta<span class=\"_ _4\"></span>xa<span class=\"_ _4\"></span>ble i<span class=\"_ _4\"></span>ncom<span class=\"_ _4\"></span>e or lo<span class=\"_ _4\"></span>ss of t<span class=\"_ _4\"></span>he yea<span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>, us<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>ax r<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s</div>\n<div class=\"t m23b xe hb y87 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">ena<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted o<span class=\"_ _4\"></span>r sub<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ntive<span class=\"_ _4\"></span>ly ena<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted a<span class=\"_ _4\"></span>t the re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng dat<span class=\"_ _4\"></span>e, and any ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent to t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x paya<span class=\"_ _4\"></span>ble in r<span class=\"_ _4\"></span>esp<span class=\"_ _4\"></span>ec<span class=\"_ _7\"></span>t of prev<span class=\"_ _4\"></span>iou<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb y8c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">year<span class=\"_ _4\"></span>s. C<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>rent t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>nd lia<span class=\"_ _4\"></span>bili<span class=\"_ _4\"></span>ties a<span class=\"_ _4\"></span>re of<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et onl<span class=\"_ _4\"></span>y if cer<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>ain c<span class=\"_ _4\"></span>rit<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ia are me<span class=\"_ _4\"></span>t.</div>\n<div class=\"t m11a xe hb y88 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">Def<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>red t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed on a<span class=\"_ _4\"></span>ll tem<span class=\"_ _4\"></span>por<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fer<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>es be<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>wee<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _4\"></span>ng amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s of a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es fo<span class=\"_ _4\"></span>r</div>\n<div class=\"t m23c xe hb y89 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g pur<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ose<span class=\"_ _4\"></span>s and t<span class=\"_ _4\"></span>he a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s use<span class=\"_ _4\"></span>d for t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>xat<span class=\"_ _4\"></span>ion p<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>ses<span class=\"_ _4\"></span>. The f<span class=\"_ _4\"></span>ollow<span class=\"_ _4\"></span>ing te<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y d<span class=\"_ _4\"></span>if<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>ces a<span class=\"_ _4\"></span>re not p<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y8a ff1 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">vid<span class=\"_ _4\"></span>ed fo<span class=\"_ _4\"></span>r: t<span class=\"_ _4\"></span>he ini<span class=\"_ _4\"></span>tial r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>tion o<span class=\"_ _4\"></span>f goo<span class=\"_ _4\"></span>dw<span class=\"_ _4\"></span>ill, the i<span class=\"_ _4\"></span>nitia<span class=\"_ _4\"></span>l reco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>r liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es in a t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>at is not</div>\n<div class=\"t m23d xe hb yd8 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">a bu<span class=\"_ _4\"></span>sine<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s com<span class=\"_ _4\"></span>bina<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n and t<span class=\"_ _4\"></span>hat af<span class=\"_ _7\"></span>fec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s n<span class=\"_ _4\"></span>eit<span class=\"_ _4\"></span>her a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng, nor t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>xab<span class=\"_ _4\"></span>le p<span class=\"_ _4\"></span>ro\ufb01t, a<span class=\"_ _4\"></span>nd di<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>es re<span class=\"_ _4\"></span>lati<span class=\"_ _4\"></span>ng to inve<span class=\"_ _4\"></span>st<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y8b ff1 fs9 fc2 sc0 ls2 ws4e\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s in su<span class=\"_ _4\"></span>bsi<span class=\"_ _4\"></span>diar<span class=\"_ _4\"></span>ies<span class=\"_ _4\"></span>, as<span class=\"_ _4\"></span>soc<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>s and jo<span class=\"_ _4\"></span>int ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>nt tha<span class=\"_ _4\"></span>t the G<span class=\"_ _4\"></span>roup i<span class=\"_ _4\"></span>s abl<span class=\"_ _4\"></span>e to co<span class=\"_ _4\"></span>ntro<span class=\"_ _4\"></span>l the t<span class=\"_ _4\"></span>imin<span class=\"_ _4\"></span>g</div>\n<div class=\"t m8 xe hb y1b5 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of reve<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>al an<span class=\"_ _4\"></span>d it is p<span class=\"_ _4\"></span>rob<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e tha<span class=\"_ _4\"></span>t they w<span class=\"_ _4\"></span>ill not r<span class=\"_ _4\"></span>ever<span class=\"_ _4\"></span>se i<span class=\"_ _4\"></span>n the fo<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>eea<span class=\"_ _4\"></span>ble f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure.</div>\n<div class=\"t m23e xe hb y4b ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">Def<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>red t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x is mea<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>ed at t<span class=\"_ _4\"></span>he t<span class=\"_ _4\"></span>ax r<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>es th<span class=\"_ _4\"></span>at are ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to be a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>lied t<span class=\"_ _4\"></span>o temp<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fer<span class=\"_ _4\"></span>ence<span class=\"_ _4\"></span>s wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>hey re<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 xe hb y4c ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">ver<span class=\"_ _4\"></span>se, ba<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d on th<span class=\"_ _4\"></span>e laws t<span class=\"_ _4\"></span>hat h<span class=\"_ _4\"></span>ave bee<span class=\"_ _4\"></span>n ena<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted o<span class=\"_ _4\"></span>r su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>vely e<span class=\"_ _4\"></span>nac<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d by th<span class=\"_ _4\"></span>e rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g date. De<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d ta<span class=\"_ _4\"></span>x as<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m23f xe hb y4d ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>re re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed fo<span class=\"_ _4\"></span>r unu<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d ta<span class=\"_ _4\"></span>x lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es, t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x cre<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd d<span class=\"_ _4\"></span>edu<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ble te<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y d<span class=\"_ _4\"></span>if<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>s, to th<span class=\"_ _4\"></span>e ex<span class=\"_ _4\"></span>tent t<span class=\"_ _4\"></span>hat i<span class=\"_ _4\"></span>t is</div>\n<div class=\"t m8 xe hb y4e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>ba<span class=\"_ _4\"></span>ble t<span class=\"_ _4\"></span>hat f<span class=\"_ _4\"></span>utu<span class=\"_ _4\"></span>re t<span class=\"_ _4\"></span>ax<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e pro\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s will b<span class=\"_ _4\"></span>e availa<span class=\"_ _4\"></span>ble a<span class=\"_ _4\"></span>gain<span class=\"_ _4\"></span>st w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h the<span class=\"_ _4\"></span>y ca<span class=\"_ _4\"></span>n be ut<span class=\"_ _4\"></span>ilis<span class=\"_ _4\"></span>ed.</div>\n<div class=\"t m8 xe hb y202 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">Def<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>red t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>re re<span class=\"_ _4\"></span>duc<span class=\"_ _4\"></span>ed w<span class=\"_ _4\"></span>hen i<span class=\"_ _4\"></span>t is no lo<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>r pro<span class=\"_ _4\"></span>ba<span class=\"_ _4\"></span>ble t<span class=\"_ _4\"></span>hat th<span class=\"_ _4\"></span>e rela<span class=\"_ _4\"></span>ted t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x be<span class=\"_ _4\"></span>ne\ufb01t<span class=\"_ _4\"></span>s w<span class=\"_ _4\"></span>ill be r<span class=\"_ _4\"></span>ealize<span class=\"_ _4\"></span>d. Unr<span class=\"_ _4\"></span>ec</div>\n<div class=\"t m8 x3d hb y72 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m240 xe hb y4f ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">og<span class=\"_ _4\"></span>nized d<span class=\"_ _4\"></span>efe<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>ax a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s are r<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>t each r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing d<span class=\"_ _4\"></span>ate an<span class=\"_ _4\"></span>d reco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d to the e<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>tent t<span class=\"_ _4\"></span>hat is h<span class=\"_ _4\"></span>as be<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e</div>\n<div class=\"t m241 xe hb y50 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>ba<span class=\"_ _4\"></span>ble t<span class=\"_ _4\"></span>hat f<span class=\"_ _4\"></span>utu<span class=\"_ _4\"></span>re t<span class=\"_ _4\"></span>ax<span class=\"_ _4\"></span>able p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>ts w<span class=\"_ _4\"></span>ill be av<span class=\"_ _4\"></span>ailab<span class=\"_ _4\"></span>le ag<span class=\"_ _4\"></span>ains<span class=\"_ _4\"></span>t wh<span class=\"_ _4\"></span>ich t<span class=\"_ _4\"></span>hey c<span class=\"_ _4\"></span>an b<span class=\"_ _4\"></span>e use<span class=\"_ _4\"></span>d. De<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>red t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd lia<span class=\"_ _4\"></span>bil<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y51 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">iti<span class=\"_ _4\"></span>es are o<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>set o<span class=\"_ _4\"></span>nly if c<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ai<span class=\"_ _4\"></span>n con<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ions a<span class=\"_ _4\"></span>re met<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 690px; height: 367px; width: 90%; z-index: 4;\"></div>\n\n\n<div class=\"t m242 xe hb y52 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>onn<span class=\"_ _4\"></span>age t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x is not ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted f<span class=\"_ _4\"></span>or as in<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e ta<span class=\"_ _4\"></span>xes in a<span class=\"_ _4\"></span>ccor<span class=\"_ _4\"></span>dan<span class=\"_ _4\"></span>ce wi<span class=\"_ _4\"></span>th IA<span class=\"_ _4\"></span>S 1<span class=\"_ _1\"></span>2 a<span class=\"_ _4\"></span>nd is no<span class=\"_ _4\"></span>t pre<span class=\"_ _4\"></span>sen<span class=\"_ _4\"></span>ted as p<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>t of inco<span class=\"_ _4\"></span>me</div>\n<div class=\"t m8 xe hb y53 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ta<span class=\"_ _4\"></span>x ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>e in th<span class=\"_ _4\"></span>e pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment b<span class=\"_ _4\"></span>ut i<span class=\"_ _4\"></span>s sho<span class=\"_ _4\"></span>wn u<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r oth<span class=\"_ _4\"></span>er op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ng ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 657px; height: 37px; width: 90%; z-index: 4;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 657px; height: 400px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag389": {
   "value": "\n<div class=\"t m0 xe h13 y81 ff3 fs4 fc0 sc0 ls54 ws5c\" style=\"z-index: 15;\">P.<span class=\"_ _b6\"></span> <span class=\"_ _c9\"> </span><span class=\"ls55 ws5d\">TA<span class=\"_ _b6\"> </span>X<span class=\"_ _7\"></span>E<span class=\"_ _7\"></span>S</span></div>\n<div class=\"t m8 xe hb y83 ff1 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">Inc<span class=\"_ _4\"></span>ome t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>se co<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>f cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nt an<span class=\"_ _4\"></span>d defe<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>xes. C<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>rent a<span class=\"_ _4\"></span>nd d<span class=\"_ _4\"></span>efer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d ta<span class=\"_ _4\"></span>x is r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n the p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>t or</div>\n<div class=\"t m8 xe hb y20b ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">los<span class=\"_ _4\"></span>s s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent, exc<span class=\"_ _4\"></span>ept t<span class=\"_ _4\"></span>o the ex<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ent it r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>s to a bu<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s com<span class=\"_ _4\"></span>bina<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n, or whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>ey rela<span class=\"_ _4\"></span>te to ite<span class=\"_ _4\"></span>ms th<span class=\"_ _4\"></span>at are r<span class=\"_ _4\"></span>ec</div>\n<div class=\"t m8 x3d hb y84 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 xe hb y85 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">ognised direc<span class=\"_ _4\"></span>tly in equit<span class=\"_ _4\"></span>y or in other comprehensive income.</div>\n<div class=\"t m23a xe hb y86 ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">Cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nt t<span class=\"_ _4\"></span>ax is t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d ta<span class=\"_ _4\"></span>x pay<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e or rec<span class=\"_ _4\"></span>eiv<span class=\"_ _4\"></span>able o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e ta<span class=\"_ _4\"></span>xa<span class=\"_ _4\"></span>ble i<span class=\"_ _4\"></span>ncom<span class=\"_ _4\"></span>e or lo<span class=\"_ _4\"></span>ss of t<span class=\"_ _4\"></span>he yea<span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>, us<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>ax r<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s</div>\n<div class=\"t m23b xe hb y87 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">ena<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted o<span class=\"_ _4\"></span>r sub<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ntive<span class=\"_ _4\"></span>ly ena<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted a<span class=\"_ _4\"></span>t the re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng dat<span class=\"_ _4\"></span>e, and any ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent to t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x paya<span class=\"_ _4\"></span>ble in r<span class=\"_ _4\"></span>esp<span class=\"_ _4\"></span>ec<span class=\"_ _7\"></span>t of prev<span class=\"_ _4\"></span>iou<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb y8c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">year<span class=\"_ _4\"></span>s. C<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>rent t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>nd lia<span class=\"_ _4\"></span>bili<span class=\"_ _4\"></span>ties a<span class=\"_ _4\"></span>re of<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et onl<span class=\"_ _4\"></span>y if cer<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>ain c<span class=\"_ _4\"></span>rit<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ia are me<span class=\"_ _4\"></span>t.</div>\n<div class=\"t m11a xe hb y88 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">Def<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>red t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed on a<span class=\"_ _4\"></span>ll tem<span class=\"_ _4\"></span>por<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fer<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>es be<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>wee<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _4\"></span>ng amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s of a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es fo<span class=\"_ _4\"></span>r</div>\n<div class=\"t m23c xe hb y89 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g pur<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ose<span class=\"_ _4\"></span>s and t<span class=\"_ _4\"></span>he a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s use<span class=\"_ _4\"></span>d for t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>xat<span class=\"_ _4\"></span>ion p<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>ses<span class=\"_ _4\"></span>. The f<span class=\"_ _4\"></span>ollow<span class=\"_ _4\"></span>ing te<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y d<span class=\"_ _4\"></span>if<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>ces a<span class=\"_ _4\"></span>re not p<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y8a ff1 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">vid<span class=\"_ _4\"></span>ed fo<span class=\"_ _4\"></span>r: t<span class=\"_ _4\"></span>he ini<span class=\"_ _4\"></span>tial r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>tion o<span class=\"_ _4\"></span>f goo<span class=\"_ _4\"></span>dw<span class=\"_ _4\"></span>ill, the i<span class=\"_ _4\"></span>nitia<span class=\"_ _4\"></span>l reco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>r liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es in a t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>at is not</div>\n<div class=\"t m23d xe hb yd8 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">a bu<span class=\"_ _4\"></span>sine<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s com<span class=\"_ _4\"></span>bina<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n and t<span class=\"_ _4\"></span>hat af<span class=\"_ _7\"></span>fec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s n<span class=\"_ _4\"></span>eit<span class=\"_ _4\"></span>her a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng, nor t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>xab<span class=\"_ _4\"></span>le p<span class=\"_ _4\"></span>ro\ufb01t, a<span class=\"_ _4\"></span>nd di<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>es re<span class=\"_ _4\"></span>lati<span class=\"_ _4\"></span>ng to inve<span class=\"_ _4\"></span>st<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y8b ff1 fs9 fc2 sc0 ls2 ws4e\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s in su<span class=\"_ _4\"></span>bsi<span class=\"_ _4\"></span>diar<span class=\"_ _4\"></span>ies<span class=\"_ _4\"></span>, as<span class=\"_ _4\"></span>soc<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>s and jo<span class=\"_ _4\"></span>int ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>nt tha<span class=\"_ _4\"></span>t the G<span class=\"_ _4\"></span>roup i<span class=\"_ _4\"></span>s abl<span class=\"_ _4\"></span>e to co<span class=\"_ _4\"></span>ntro<span class=\"_ _4\"></span>l the t<span class=\"_ _4\"></span>imin<span class=\"_ _4\"></span>g</div>\n<div class=\"t m8 xe hb y1b5 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of reve<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>al an<span class=\"_ _4\"></span>d it is p<span class=\"_ _4\"></span>rob<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e tha<span class=\"_ _4\"></span>t they w<span class=\"_ _4\"></span>ill not r<span class=\"_ _4\"></span>ever<span class=\"_ _4\"></span>se i<span class=\"_ _4\"></span>n the fo<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>eea<span class=\"_ _4\"></span>ble f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure.</div>\n<div class=\"t m23e xe hb y4b ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">Def<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>red t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x is mea<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>ed at t<span class=\"_ _4\"></span>he t<span class=\"_ _4\"></span>ax r<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>es th<span class=\"_ _4\"></span>at are ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to be a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>lied t<span class=\"_ _4\"></span>o temp<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fer<span class=\"_ _4\"></span>ence<span class=\"_ _4\"></span>s wh<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>hey re<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 xe hb y4c ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">ver<span class=\"_ _4\"></span>se, ba<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d on th<span class=\"_ _4\"></span>e laws t<span class=\"_ _4\"></span>hat h<span class=\"_ _4\"></span>ave bee<span class=\"_ _4\"></span>n ena<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted o<span class=\"_ _4\"></span>r su<span class=\"_ _4\"></span>bs<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>vely e<span class=\"_ _4\"></span>nac<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d by th<span class=\"_ _4\"></span>e rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g date. De<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d ta<span class=\"_ _4\"></span>x as<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m23f xe hb y4d ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>re re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed fo<span class=\"_ _4\"></span>r unu<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d ta<span class=\"_ _4\"></span>x lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es, t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x cre<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd d<span class=\"_ _4\"></span>edu<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ble te<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y d<span class=\"_ _4\"></span>if<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>s, to th<span class=\"_ _4\"></span>e ex<span class=\"_ _4\"></span>tent t<span class=\"_ _4\"></span>hat i<span class=\"_ _4\"></span>t is</div>\n<div class=\"t m8 xe hb y4e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>ba<span class=\"_ _4\"></span>ble t<span class=\"_ _4\"></span>hat f<span class=\"_ _4\"></span>utu<span class=\"_ _4\"></span>re t<span class=\"_ _4\"></span>ax<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e pro\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s will b<span class=\"_ _4\"></span>e availa<span class=\"_ _4\"></span>ble a<span class=\"_ _4\"></span>gain<span class=\"_ _4\"></span>st w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h the<span class=\"_ _4\"></span>y ca<span class=\"_ _4\"></span>n be ut<span class=\"_ _4\"></span>ilis<span class=\"_ _4\"></span>ed.</div>\n<div class=\"t m8 xe hb y202 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">Def<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>red t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>re re<span class=\"_ _4\"></span>duc<span class=\"_ _4\"></span>ed w<span class=\"_ _4\"></span>hen i<span class=\"_ _4\"></span>t is no lo<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>r pro<span class=\"_ _4\"></span>ba<span class=\"_ _4\"></span>ble t<span class=\"_ _4\"></span>hat th<span class=\"_ _4\"></span>e rela<span class=\"_ _4\"></span>ted t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x be<span class=\"_ _4\"></span>ne\ufb01t<span class=\"_ _4\"></span>s w<span class=\"_ _4\"></span>ill be r<span class=\"_ _4\"></span>ealize<span class=\"_ _4\"></span>d. Unr<span class=\"_ _4\"></span>ec</div>\n<div class=\"t m8 x3d hb y72 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m240 xe hb y4f ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">og<span class=\"_ _4\"></span>nized d<span class=\"_ _4\"></span>efe<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>ax a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s are r<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>t each r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing d<span class=\"_ _4\"></span>ate an<span class=\"_ _4\"></span>d reco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d to the e<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>tent t<span class=\"_ _4\"></span>hat is h<span class=\"_ _4\"></span>as be<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e</div>\n<div class=\"t m241 xe hb y50 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>ba<span class=\"_ _4\"></span>ble t<span class=\"_ _4\"></span>hat f<span class=\"_ _4\"></span>utu<span class=\"_ _4\"></span>re t<span class=\"_ _4\"></span>ax<span class=\"_ _4\"></span>able p<span class=\"_ _4\"></span>ro\ufb01<span class=\"_ _4\"></span>ts w<span class=\"_ _4\"></span>ill be av<span class=\"_ _4\"></span>ailab<span class=\"_ _4\"></span>le ag<span class=\"_ _4\"></span>ains<span class=\"_ _4\"></span>t wh<span class=\"_ _4\"></span>ich t<span class=\"_ _4\"></span>hey c<span class=\"_ _4\"></span>an b<span class=\"_ _4\"></span>e use<span class=\"_ _4\"></span>d. De<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>red t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd lia<span class=\"_ _4\"></span>bil<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y51 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">iti<span class=\"_ _4\"></span>es are o<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>set o<span class=\"_ _4\"></span>nly if c<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ai<span class=\"_ _4\"></span>n con<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ions a<span class=\"_ _4\"></span>re met<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 690px; height: 367px; width: 90%; z-index: 4;\"></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag394": {
   "value": "\n<div class=\"t m242 xe hb y52 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>onn<span class=\"_ _4\"></span>age t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x is not ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted f<span class=\"_ _4\"></span>or as in<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e ta<span class=\"_ _4\"></span>xes in a<span class=\"_ _4\"></span>ccor<span class=\"_ _4\"></span>dan<span class=\"_ _4\"></span>ce wi<span class=\"_ _4\"></span>th IA<span class=\"_ _4\"></span>S 1<span class=\"_ _1\"></span>2 a<span class=\"_ _4\"></span>nd is no<span class=\"_ _4\"></span>t pre<span class=\"_ _4\"></span>sen<span class=\"_ _4\"></span>ted as p<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>t of inco<span class=\"_ _4\"></span>me</div>\n<div class=\"t m8 xe hb y53 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ta<span class=\"_ _4\"></span>x ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>e in th<span class=\"_ _4\"></span>e pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment b<span class=\"_ _4\"></span>ut i<span class=\"_ _4\"></span>s sho<span class=\"_ _4\"></span>wn u<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r oth<span class=\"_ _4\"></span>er op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ng ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 657px; height: 37px; width: 90%; z-index: 4;\"></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTaxesOtherThanIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag388": {
   "value": "\n<div class=\"t m0 xe h13 y55 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">Q<span class=\"_ _4\"></span>. <span class=\"_ _8\"> </span><span class=\"ls4f ws56\">SE<span class=\"_ _3\"></span>GMENT REPORTING</span></div>\n<div class=\"t m243 xe hb y57 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">An o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ting s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t is a co<span class=\"_ _4\"></span>mpo<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p tha<span class=\"_ _4\"></span>t eng<span class=\"_ _4\"></span>age<span class=\"_ _4\"></span>s in bu<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>vit<span class=\"_ _4\"></span>ies f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m whic<span class=\"_ _4\"></span>h it may ea<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>n reve<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m244 xe hb y58 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">nue<span class=\"_ _4\"></span>s and i<span class=\"_ _4\"></span>ncu<span class=\"_ _4\"></span>r ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>s, inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ing re<span class=\"_ _4\"></span>venu<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s that r<span class=\"_ _4\"></span>elat<span class=\"_ _4\"></span>e to tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>ns wi<span class=\"_ _4\"></span>th any of t<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup\u2019<span class=\"_ _1\"></span>s o<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r</div>\n<div class=\"t m8 xe hb y59 ff1 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>nen<span class=\"_ _4\"></span>ts<span class=\"_ _4\"></span>. All o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ing s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s\u2019 o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ting r<span class=\"_ _4\"></span>esu<span class=\"_ _4\"></span>lt<span class=\"_ _4\"></span>s are r<span class=\"_ _4\"></span>eview<span class=\"_ _4\"></span>ed re<span class=\"_ _4\"></span>gula<span class=\"_ _4\"></span>rl<span class=\"_ _4\"></span>y by mana<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent to m<span class=\"_ _4\"></span>ake de<span class=\"_ _4\"></span>cisi<span class=\"_ _4\"></span>ons</div>\n<div class=\"t m8 xe hb y1f9 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ab<span class=\"_ _4\"></span>out r<span class=\"_ _4\"></span>eso<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>es to b<span class=\"_ _4\"></span>e allo<span class=\"_ _4\"></span>cat<span class=\"_ _4\"></span>ed to t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>egm<span class=\"_ _4\"></span>ent a<span class=\"_ _4\"></span>nd as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ss i<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s pe<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>fo<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>ance.</div>\n<div class=\"t m245 xe hb y5b ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e res<span class=\"_ _4\"></span>ult fo<span class=\"_ _4\"></span>r eac<span class=\"_ _4\"></span>h se<span class=\"_ _4\"></span>gme<span class=\"_ _4\"></span>nt inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>es all i<span class=\"_ _4\"></span>nco<span class=\"_ _4\"></span>me an<span class=\"_ _4\"></span>d ex<span class=\"_ _4\"></span>pen<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s gen<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d dire<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tl<span class=\"_ _4\"></span>y by thi<span class=\"_ _4\"></span>s seg<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt, as we<span class=\"_ _4\"></span>ll as pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t</div>\n<div class=\"t m246 xe hb y5c ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e inco<span class=\"_ _4\"></span>me an<span class=\"_ _4\"></span>d exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>ses t<span class=\"_ _4\"></span>hat c<span class=\"_ _4\"></span>an re<span class=\"_ _4\"></span>aso<span class=\"_ _4\"></span>nab<span class=\"_ _4\"></span>ly be a<span class=\"_ _4\"></span>lloc<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d to thi<span class=\"_ _4\"></span>s seg<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt. Th<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>ies allo<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ated</div>\n<div class=\"t m247 xe hb y5d ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">to a se<span class=\"_ _4\"></span>gm<span class=\"_ _4\"></span>ent in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>de as a mi<span class=\"_ _4\"></span>nimu<span class=\"_ _4\"></span>m the a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es w<span class=\"_ _4\"></span>hich a<span class=\"_ _4\"></span>re pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>dic<span class=\"_ _4\"></span>all<span class=\"_ _4\"></span>y rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>ted to t<span class=\"_ _4\"></span>he C<span class=\"_ _4\"></span>hief o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ing</div>\n<div class=\"t m8 xe hb y5e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">de<span class=\"_ _4\"></span>cis<span class=\"_ _4\"></span>ion ma<span class=\"_ _4\"></span>ker<span class=\"_ _1\"></span>, be<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up\u2019<span class=\"_ _1\"></span>s CEO a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e E<span class=\"_ _4\"></span>xec<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>ve Com<span class=\"_ _4\"></span>mit<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>e.</div>\n<div class=\"t m248 xe hb y5f ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Se<span class=\"_ _4\"></span>gme<span class=\"_ _4\"></span>nt c<span class=\"_ _4\"></span>apit<span class=\"_ _4\"></span>al ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>itu<span class=\"_ _4\"></span>re is t<span class=\"_ _4\"></span>he tot<span class=\"_ _4\"></span>al co<span class=\"_ _4\"></span>st i<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>red d<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d to ac<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>re pro<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y<span class=\"_ _3\"></span>, pla<span class=\"_ _4\"></span>nt and e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>ipm<span class=\"_ _4\"></span>ent</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 443px; height: 185px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag390": {
   "value": "\n<div class=\"t m0 xe h13 y61 ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">R. <span class=\"_ _b9\"> </span><span class=\"ls48 ws4c\">EARNINGS PER S<span class=\"_ _3\"></span>HARE</span></div>\n<div class=\"t m8 xe hb y63 ff1 fs9 fc2 sc0 ls2 ws4e\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s bas<span class=\"_ _4\"></span>ic an<span class=\"_ _4\"></span>d dilu<span class=\"_ _4\"></span>ted ea<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ning<span class=\"_ _4\"></span>s per s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>e for it<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>rdi<span class=\"_ _4\"></span>nar<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es. B<span class=\"_ _4\"></span>asic e<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ning<span class=\"_ _4\"></span>s per s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>e is c<span class=\"_ _4\"></span>alc<span class=\"_ _4\"></span>u<span class=\"ws2\">-</span></div>\n<div class=\"t m8 xe hb y64 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">late<span class=\"_ _4\"></span>d by div<span class=\"_ _4\"></span>idi<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss at<span class=\"_ _7\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ble t<span class=\"_ _4\"></span>o ordi<span class=\"_ _4\"></span>nar<span class=\"_ _7\"></span>y sha<span class=\"_ _4\"></span>reh<span class=\"_ _4\"></span>old<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s of th<span class=\"_ _4\"></span>e Com<span class=\"_ _4\"></span>pany by t<span class=\"_ _4\"></span>he we<span class=\"_ _4\"></span>ighte<span class=\"_ _4\"></span>d aver<span class=\"_ _4\"></span>ag<span class=\"_ _4\"></span>e</div>\n<div class=\"t m249 xe hb y65 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">num<span class=\"_ _4\"></span>ber o<span class=\"_ _4\"></span>f ordi<span class=\"_ _4\"></span>nar<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g dur<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he pe<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>od, adj<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>ted f<span class=\"_ _4\"></span>or tre<span class=\"_ _4\"></span>asu<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s held. D<span class=\"_ _4\"></span>ilute<span class=\"_ _4\"></span>d ear<span class=\"_ _4\"></span>ni<span class=\"_ _4\"></span>ngs p<span class=\"_ _4\"></span>er</div>\n<div class=\"t m24a xe hb y79 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">sha<span class=\"_ _4\"></span>re is d<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>ned by a<span class=\"_ _4\"></span>dju<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he pr<span class=\"_ _4\"></span>o\ufb01t an<span class=\"_ _4\"></span>d los<span class=\"_ _4\"></span>s at<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ble to o<span class=\"_ _4\"></span>rdi<span class=\"_ _4\"></span>nar<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>eho<span class=\"_ _4\"></span>lde<span class=\"_ _4\"></span>rs a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>he wei<span class=\"_ _4\"></span>ghte<span class=\"_ _4\"></span>d aver<span class=\"_ _4\"></span>age</div>\n<div class=\"t m24b xe hb y66 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">of ord<span class=\"_ _4\"></span>inar<span class=\"_ _7\"></span>y sh<span class=\"_ _4\"></span>ares o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>and<span class=\"_ _4\"></span>ing, ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d for tr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s hel<span class=\"_ _4\"></span>d and f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e ef<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s of all dil<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>ve pote<span class=\"_ _4\"></span>ntia<span class=\"_ _4\"></span>l ord<span class=\"_ _4\"></span>inar<span class=\"_ _7\"></span>y</div>\n<div class=\"t m8 xe hb y67 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">sha<span class=\"_ _4\"></span>res s<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>h as sh<span class=\"_ _4\"></span>are op<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns gr<span class=\"_ _4\"></span>ant<span class=\"_ _4\"></span>ed to e<span class=\"_ _4\"></span>mpl<span class=\"_ _4\"></span>oyees<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 261px; height: 136px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag397": {
   "value": "\n<div class=\"t m0 xe h13 y6a ff3 fs4 fc0 sc0 ls2 ws2\" style=\"z-index: 15;\">S. <span class=\"_ _d8\"> </span><span class=\"ls4f ws56\">DISC<span class=\"_ _3\"></span>ONTINUED OPERA<span class=\"_ _1\"></span>TIONS</span></div>\n<div class=\"t m24c xe hb y6b ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">A dis<span class=\"_ _4\"></span>con<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>ued o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ion i<span class=\"_ _4\"></span>s a com<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>nent o<span class=\"_ _4\"></span>f the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s bus<span class=\"_ _4\"></span>ine<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>, the o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s and c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s of w<span class=\"_ _4\"></span>hich c<span class=\"_ _4\"></span>an b<span class=\"_ _4\"></span>e</div>\n<div class=\"t m24d xe hb y6c ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">cle<span class=\"_ _4\"></span>arl<span class=\"_ _4\"></span>y dis<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ngu<span class=\"_ _4\"></span>ish<span class=\"_ _4\"></span>ed f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t of th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p and w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h rep<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>sen<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s a se<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ate ma<span class=\"_ _4\"></span>jor li<span class=\"_ _4\"></span>ne of bu<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s or g<span class=\"_ _4\"></span>eog<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ph<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m24e xe hb y6d ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">ic<span class=\"_ _4\"></span>al area of o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tion<span class=\"_ _4\"></span>s that h<span class=\"_ _4\"></span>as be<span class=\"_ _4\"></span>en di<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ose<span class=\"_ _4\"></span>d of or i<span class=\"_ _4\"></span>s held f<span class=\"_ _4\"></span>or sa<span class=\"_ _4\"></span>le; is par<span class=\"_ _4\"></span>t o<span class=\"_ _4\"></span>f a sing<span class=\"_ _4\"></span>le coo<span class=\"_ _4\"></span>rdi<span class=\"_ _4\"></span>nate<span class=\"_ _4\"></span>d plan to d<span class=\"_ _4\"></span>isp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>e of</div>\n<div class=\"t m24f xe hb y6e ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">a se<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ate ma<span class=\"_ _4\"></span>jor lin<span class=\"_ _4\"></span>e of bu<span class=\"_ _4\"></span>sine<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s or ge<span class=\"_ _4\"></span>ogr<span class=\"_ _4\"></span>ap<span class=\"_ _4\"></span>hic ar<span class=\"_ _4\"></span>ea of op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns or i<span class=\"_ _4\"></span>s a su<span class=\"_ _4\"></span>bsi<span class=\"_ _4\"></span>diar<span class=\"_ _7\"></span>y acq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d exclu<span class=\"_ _4\"></span>sive<span class=\"_ _4\"></span>ly wi<span class=\"_ _4\"></span>th a v<span class=\"_ _4\"></span>iew</div>\n<div class=\"t m250 xe hb y6f ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">to re<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>sal<span class=\"_ _4\"></span>e. Clas<span class=\"_ _4\"></span>si\ufb01<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>tion o<span class=\"_ _4\"></span>f a dis<span class=\"_ _4\"></span>cont<span class=\"_ _4\"></span>inu<span class=\"_ _4\"></span>ed op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion o<span class=\"_ _4\"></span>ccu<span class=\"_ _4\"></span>rs u<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>n dis<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sal o<span class=\"_ _4\"></span>r whe<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e ope<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n mee<span class=\"_ _4\"></span>ts t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>ia to</div>\n<div class=\"t m251 xe hb y70 ff1 fs9 fc2 sc0 ls14 ws2e\" style=\"z-index: 15;\">be classi\ufb01ed as held<span class=\"_ _3\"></span> for sale<span class=\"_ _1\"></span>, if earlier<span class=\"_ _1\"></span>. When an<span class=\"_ _1\"></span> o<span class=\"_ _4\"></span>peration is classi\ufb01ed as<span class=\"_ _3\"></span> a discontinued operation<span class=\"_ _3\"></span>, the comparative<span class=\"_ _3\"></span> </div>\n<div class=\"t m252 xe hb y71 ff1 fs9 fc2 sc0 ls11 wsd\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>\ufb01t or lo<span class=\"_ _4\"></span>ss s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t is res<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d as if t<span class=\"_ _4\"></span>he o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion ha<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>en di<span class=\"_ _4\"></span>sco<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>ued f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m the s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>t of th<span class=\"_ _4\"></span>e com<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ve pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 80px; height: 152px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag392": {
   "value": "\n<div class=\"t m0 x1 h11 y42 ff2 fsb fc3 sc0 ls40 ws44\" style=\"z-index: 15;\">NOTE 2 - S<span class=\"_ _3\"></span>EGM<span class=\"_ _3\"></span>ENT REPORTING</div>\n<div class=\"t m253 x1 hb y7f ff1 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">In re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t of j<span class=\"_ _4\"></span>oint ve<span class=\"_ _4\"></span>ntur<span class=\"_ _4\"></span>es, t<span class=\"_ _4\"></span>he com<span class=\"_ _4\"></span>pany c<span class=\"_ _4\"></span>onti<span class=\"_ _4\"></span>nue<span class=\"_ _4\"></span>s to mana<span class=\"_ _4\"></span>ge it<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ions b<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>ed on i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>nal m<span class=\"_ _4\"></span>anag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt re<span class=\"_ _4\"></span>por<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>s</div>\n<div class=\"t m254 x1 hb y43 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">ap<span class=\"_ _4\"></span>ply<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he pr<span class=\"_ _4\"></span>inc<span class=\"_ _4\"></span>iple<span class=\"_ _4\"></span>s of th<span class=\"_ _4\"></span>e pro<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>onate c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>olid<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n met<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>d. Th<span class=\"_ _4\"></span>e reco<span class=\"_ _4\"></span>ncil<span class=\"_ _4\"></span>iatio<span class=\"_ _4\"></span>n of th<span class=\"_ _4\"></span>e seg<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g</div>\n<div class=\"t m8 x1 hb y80 ff1 fs9 fc2 sc0 ls2 ws1c\" style=\"z-index: 15;\">to th<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span>soli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>teme<span class=\"_ _4\"></span>nt of \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al po<span class=\"_ _4\"></span>sit<span class=\"_ _4\"></span>ion a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span>soli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>teme<span class=\"_ _4\"></span>nt of p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s is p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ente<span class=\"_ _4\"></span>d in</div>\n<div class=\"t m1f2 x1 hb y81 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Note 3 Re<span class=\"_ _4\"></span>con<span class=\"_ _4\"></span>ciliat<span class=\"_ _4\"></span>ion s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>ment r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing. A<span class=\"_ _4\"></span>ll dif<span class=\"_ _7\"></span>fere<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>s relat<span class=\"_ _4\"></span>e to the a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>lic<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n of IFRS 1<span class=\"_ _1\"></span>1 Joint a<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s,</div>\n<div class=\"t m8 x1 hb y82 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">no other dif<span class=\"_ _4\"></span>ferences exist.</div>\n<div class=\"t m255 x1 hb y83 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p has 3 re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le se<span class=\"_ _4\"></span>gme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s. T<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup\u2019<span class=\"_ _1\"></span>s o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ing s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts r<span class=\"_ _4\"></span>e\ufb02e<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t th<span class=\"_ _4\"></span>e level at w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s CEO</div>\n<div class=\"t m256 x1 hb y84 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">and t<span class=\"_ _4\"></span>he E<span class=\"_ _4\"></span>xec<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ive Co<span class=\"_ _4\"></span>mmi<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>tee re<span class=\"_ _4\"></span>view t<span class=\"_ _4\"></span>he bu<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s and m<span class=\"_ _4\"></span>ake dec<span class=\"_ _4\"></span>isi<span class=\"_ _4\"></span>ons ab<span class=\"_ _4\"></span>ou<span class=\"_ _4\"></span>t the a<span class=\"_ _4\"></span>lloc<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion of re<span class=\"_ _4\"></span>so<span class=\"_ _4\"></span>urce<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d othe<span class=\"_ _4\"></span>r</div>\n<div class=\"t m8 x1 hb y85 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atin<span class=\"_ _4\"></span>g mat<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>. Th<span class=\"_ _4\"></span>ese s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s of<span class=\"_ _4\"></span>fer d<span class=\"_ _4\"></span>if<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>nt pro<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s and s<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d are ma<span class=\"_ _4\"></span>nage<span class=\"_ _4\"></span>d se<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ly<span class=\"_ _3\"></span>.</div>\n<div class=\"t m8 x1 hb yb7 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span><span class=\"ws3b\">Th<span class=\"_ _4\"></span>e ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>vit<span class=\"_ _4\"></span>ies in t<span class=\"_ _4\"></span>he <span style=\"font-weight: bold;\">S<span class=\"_ _4\"></span>hipp<span class=\"_ _4\"></span>ing</span> s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>ment i<span class=\"_ _4\"></span>ncl<span class=\"_ _4\"></span>ude t<span class=\"_ _4\"></span>he t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nsp<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>ta<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of liqu<span class=\"_ _4\"></span>e\ufb01e<span class=\"_ _4\"></span>d gas p<span class=\"_ _4\"></span>rod<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s s<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>h as Li<span class=\"_ _4\"></span>quid N<span class=\"_ _4\"></span>at</span></div>\n<div class=\"t m8 x14 hb y86 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x3b hb y87 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ur<span class=\"_ _4\"></span>al Gas (<span class=\"_ _4\"></span>LNG), Liq<span class=\"_ _4\"></span>uid Petr<span class=\"_ _4\"></span>oleu<span class=\"_ _4\"></span>m Gas (L<span class=\"_ _4\"></span>PG), ammo<span class=\"_ _4\"></span>nia an<span class=\"_ _4\"></span>d pet<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>che<span class=\"_ _4\"></span>mic<span class=\"_ _4\"></span>al ga<span class=\"_ _4\"></span>ses<span class=\"_ _4\"></span>.</div>\n<div class=\"t m8 x1 hb yd7 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m257 x3b hb y8c ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e <span style=\"font-weight: bold;\">Inf<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>re</span> se<span class=\"_ _4\"></span>gm<span class=\"_ _4\"></span>ent p<span class=\"_ _4\"></span>rovid<span class=\"_ _4\"></span>es i<span class=\"_ _4\"></span>nnova<span class=\"_ _4\"></span>tive \ufb02<span class=\"_ _4\"></span>oati<span class=\"_ _4\"></span>ng inf<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ure s<span class=\"_ _4\"></span>olu<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns to t<span class=\"_ _4\"></span>he oil &amp; ga<span class=\"_ _4\"></span>s ind<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>tr<span class=\"_ _7\"></span>y bot<span class=\"_ _4\"></span>h</div>\n<div class=\"t m89 x3b hb y88 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">by mak<span class=\"_ _4\"></span>ing u<span class=\"_ _4\"></span>se of i<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et p<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _7\"></span>folio a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>hrou<span class=\"_ _4\"></span>gh dev<span class=\"_ _4\"></span>elop<span class=\"_ _4\"></span>ing n<span class=\"_ _4\"></span>ew as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s f<span class=\"_ _4\"></span>or near-s<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>re and o<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>sho<span class=\"_ _4\"></span>re pro<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n,</div>\n<div class=\"t m8 x3b hb y89 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">processing, storage or o<span class=\"_ _3\"></span>ther ancil<span class=\"_ _3\"></span>lar<span class=\"_ _4\"></span>y ser<span class=\"_ _4\"></span>vices.</div>\n<div class=\"t m8 x1 hb y212 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m258 x3b hb y8a ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e seg<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t <span style=\"font-weight: bold;\">Sup<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>vi<span class=\"_ _4\"></span>ces</span> i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>des t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ciali<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d sup<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>vi<span class=\"_ _4\"></span>ces s<span class=\"_ _4\"></span>uch a<span class=\"_ _4\"></span>s shi<span class=\"_ _4\"></span>p mana<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent s<span class=\"_ _4\"></span>er<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x3b hb yd8 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">vices,<span class=\"_ _3\"></span> travel services and manufac<span class=\"_ _4\"></span>turing activities.</div>\n<div class=\"t m65 x1 hb y8b ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e com<span class=\"_ _4\"></span>pany<span class=\"_ _4\"></span>\u2019s inter<span class=\"_ _4\"></span>nal a<span class=\"_ _4\"></span>nd man<span class=\"_ _4\"></span>age<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>re do<span class=\"_ _4\"></span>es no<span class=\"_ _4\"></span>t dis<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ngui<span class=\"_ _4\"></span>sh a<span class=\"_ _4\"></span>ny geo<span class=\"_ _4\"></span>gr<span class=\"_ _4\"></span>aph<span class=\"_ _4\"></span>ica<span class=\"_ _4\"></span>l info<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n (non<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ent</div>\n<div class=\"t m8 x1 hb y4a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd reve<span class=\"_ _4\"></span>nue p<span class=\"_ _4\"></span>er ma<span class=\"_ _4\"></span>jor co<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y) as t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>any\u2019s \ufb02ee<span class=\"_ _4\"></span>t is op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d on a wo<span class=\"_ _4\"></span>rl<span class=\"_ _4\"></span>dwi<span class=\"_ _4\"></span>de b<span class=\"_ _4\"></span>asis<span class=\"_ _4\"></span>.</div>\n<div class=\"t m259 x1 hb y4b ff1 fs9 fc2 sc0 ls20 wsc\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e intr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>-s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>ment r<span class=\"_ _4\"></span>evenu<span class=\"_ _4\"></span>e mainl<span class=\"_ _4\"></span>y rela<span class=\"_ _4\"></span>tes to ma<span class=\"_ _4\"></span>nag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt, su<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>vi<span class=\"_ _4\"></span>sio<span class=\"_ _4\"></span>n and c<span class=\"_ _4\"></span>rew s<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s prov<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>wee<span class=\"_ _4\"></span>n se<span class=\"_ _4\"></span>gme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m25a x1 hb y4c ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">Majo<span class=\"_ _4\"></span>r ship<span class=\"_ _4\"></span>pi<span class=\"_ _4\"></span>ng clie<span class=\"_ _4\"></span>nt Equi<span class=\"_ _4\"></span>nor (ex-St<span class=\"_ _4\"></span>atoil) a<span class=\"_ _4\"></span>nd Sa<span class=\"_ _4\"></span>udi A<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>abia<span class=\"_ _4\"></span>n Mini<span class=\"_ _4\"></span>ng Co<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>ny rep<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ente<span class=\"_ _4\"></span>d 24.55% (202<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>: 1<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>9%) and<span class=\"_ _4\"></span> </div>\n<div class=\"t m25b x1 hb y4d ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">1<span class=\"_ _1\"></span>2.37% (2021<span class=\"_ _1\"></span>: 9<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>9<span class=\"_ _4\"></span>%) of the reve<span class=\"_ _4\"></span>nue of t<span class=\"_ _4\"></span>he S<span class=\"_ _4\"></span>hipp<span class=\"_ _4\"></span>ing s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>ment a<span class=\"_ _4\"></span>nd 1<span class=\"_ _1\"></span>4.4% (2021<span class=\"_ _1\"></span>: 1<span class=\"_ _1\"></span>4.3%) an<span class=\"_ _4\"></span>d 7<span class=\"_ _2\"></span>.24% (2021<span class=\"_ _1\"></span>: 7<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>%) of the</div>\n<div class=\"t m25c x1 hb y4e ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R Gro<span class=\"_ _4\"></span>up reve<span class=\"_ _4\"></span>nue in 2<span class=\"_ _4\"></span>022. The r<span class=\"_ _4\"></span>emai<span class=\"_ _4\"></span>ning p<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t o<span class=\"_ _4\"></span>f the S<span class=\"_ _4\"></span>hip<span class=\"_ _4\"></span>ping r<span class=\"_ _4\"></span>evenu<span class=\"_ _4\"></span>e is div<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>wee<span class=\"_ _4\"></span>n 1<span class=\"_ _1\"></span>4 di<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>ent c<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y72 ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">tom<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s. Hy<span class=\"_ _4\"></span>und<span class=\"_ _4\"></span>ai Heav<span class=\"_ _7\"></span>y Ind<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ies Ko<span class=\"_ _4\"></span>rea an<span class=\"_ _4\"></span>d Gas<span class=\"_ _4\"></span>unie re<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d 29<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>% (2021<span class=\"_ _1\"></span>: 5.6) and 1<span class=\"_ _3\"></span>5.8% (2021<span class=\"_ _1\"></span>: 0.0%) of th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m25d x1 hb y4f ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">reve<span class=\"_ _4\"></span>nue of t<span class=\"_ _4\"></span>he Inf<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ure s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t. Bot<span class=\"_ _4\"></span>h com<span class=\"_ _4\"></span>pan<span class=\"_ _4\"></span>ies re<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d 6.4<span class=\"_ _3\"></span>% (2021<span class=\"_ _1\"></span>: 5.7) and 9<span class=\"_ _1\"></span>.<span class=\"_ _4\"></span>27% (2021<span class=\"_ _1\"></span>: 0.0%) of th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m71 x1 hb y50 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R Gro<span class=\"_ _4\"></span>up reve<span class=\"_ _4\"></span>nue in 2<span class=\"_ _4\"></span>022. In 2021<span class=\"_ _1\"></span>, Gu<span class=\"_ _4\"></span>nvor re<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>sen<span class=\"_ _4\"></span>ted 3<span class=\"_ _4\"></span>0.6<span class=\"_ _3\"></span>% of th<span class=\"_ _4\"></span>e revenu<span class=\"_ _4\"></span>e of th<span class=\"_ _4\"></span>e Inf<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>re se<span class=\"_ _4\"></span>gm<span class=\"_ _4\"></span>ent</div>\n<div class=\"t m25e x1 hb y51 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">and 5.7% of th<span class=\"_ _4\"></span>e E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R Grou<span class=\"_ _4\"></span>p reve<span class=\"_ _4\"></span>nue, ver<span class=\"_ _4\"></span>sus 0<span class=\"_ _4\"></span>% in 202<span class=\"_ _4\"></span>2. The p<span class=\"_ _4\"></span>erc<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>ag<span class=\"_ _4\"></span>es me<span class=\"_ _4\"></span>ntio<span class=\"_ _4\"></span>ned a<span class=\"_ _4\"></span>re c<span class=\"_ _4\"></span>alc<span class=\"_ _4\"></span>ulate<span class=\"_ _4\"></span>d exclu<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g</div>\n<div class=\"t m8 x1 hb y52 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">set<span class=\"_ _7\"></span>tle<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t fee<span class=\"_ _4\"></span>s. No ot<span class=\"_ _4\"></span>her c<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>mer<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nted m<span class=\"_ _4\"></span>ore t<span class=\"_ _4\"></span>han 10.0% of th<span class=\"_ _4\"></span>e E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R Gro<span class=\"_ _4\"></span>up reve<span class=\"_ _4\"></span>nue in 2<span class=\"_ _4\"></span>022.</div>\n<div class=\"t m0 x1 h2 y54 ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">Segment reporting 20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2</div>\n<div class=\"t m8 x1 hd y213 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x1 hd y214 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">CONSOLIDA<span class=\"_ _1\"></span>TED ST<span class=\"_ _2\"></span>A<span class=\"_ _1\"></span>TEMENT</div>\n<div class=\"t m8 x1 hd y215 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">OF PROFIT OR LOSS</div>\n<div class=\"t m8 x1 hd y216 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">For the year ended December 31, 2022</div>\n<div class=\"t m8 x40 hd y217 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Shipping<span class=\"_ _b7\"> </span>Infrastucture</div>\n<div class=\"t m8 x41 hd y214 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Supporting</div>\n<div class=\"t m8 x42 hd y215 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">services</div>\n<div class=\"t m8 x43 hd y217 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Eliminations<span class=\"_ _a0\"> </span>T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 x1 hc y218 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Revenue third party<span class=\"_ _da\"> </span>139,882<span class=\"_ _db\"> </span>76,099<span class=\"_ _db\"> </span>23,026<span class=\"_ _a\"> </span>0<span class=\"_ _dc\"> </span>239,007</div>\n<div class=\"t m8 x1 hc y219 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Revenue intra-segment<span class=\"_ _dd\"> </span>1,530<span class=\"_ _52\"> </span>39<span class=\"_ _de\"> </span>7,928<span class=\"_ _9d\"> </span>-9,497<span class=\"_ _a\"> </span>0</div>\n<div class=\"t m8 x1 hc y21a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Royalty income<span class=\"_ _cd\"> </span>0<span class=\"_ _df\"> </span>4,320<span class=\"_ _a\"> </span>0<span class=\"_ _e0\"> </span>0<span class=\"_ _de\"> </span>4,320</div>\n<div class=\"t m8 x1 hd y21b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal revenue<span class=\"_ _49\"> </span>141,412<span class=\"_ _a8\"> </span>80,458<span class=\"_ _a8\"> </span>30,954<span class=\"_ _ac\"> </span>-9,497<span class=\"_ _8c\"> </span>243,328</div>\n<div class=\"t m8 x1 hc y21c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gain on disposal<span class=\"_ _e1\"> </span>385<span class=\"_ _dc\"> </span>315,659<span class=\"_ _df\"> </span>3,489<span class=\"_ _e0\"> </span>0<span class=\"_ _89\"> </span>319,533</div>\n<div class=\"t m8 x1 hc y21d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other operating income<span class=\"_ _e2\"> </span>3,239<span class=\"_ _de\"> </span>1,193<span class=\"_ _8e\"> </span>264<span class=\"_ _18\"> </span>-9<span class=\"_ _de\"> </span>4,688</div>\n<div class=\"t m8 x1 hd y21e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Operating income<span class=\"_ _e3\"> </span>145,036<span class=\"_ _8c\"> </span>397,311<span class=\"_ _a8\"> </span>34,706<span class=\"_ _ac\"> </span>-9,505<span class=\"_ _8c\"> </span>567,549</div>\n<div class=\"t m8 x1 hd y21f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Operating result befor<span class=\"_ _3\"></span>e depreciations,</div>\n<div class=\"t m8 x1 hd y220 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amortisations &amp; impairment losses (EBITDA)\u2005</div>\n<div class=\"t m8 x44 hd y221 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">81,627<span class=\"_ _8c\"> </span>323,130<span class=\"_ _ac\"> </span>-3,080<span class=\"_ _e4\"> </span>0<span class=\"_ _8c\"> </span>401,676</div>\n<div class=\"t m8 x1 hc y222 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations and amortisations<span class=\"_ _7d\"> </span>-47,859<span class=\"_ _e5\"> </span>-13,256<span class=\"_ _9d\"> </span>-1,233<span class=\"_ _e0\"> </span>0<span class=\"_ _e5\"> </span>-62,347</div>\n<div class=\"t m8 x1 hc y223 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairment losses and reversals<span class=\"_ _e6\"> </span>8,975<span class=\"_ _de\"> </span>4,859<span class=\"_ _e7\"> </span>-91<span class=\"_ _e0\"> </span>0<span class=\"_ _db\"> </span>13,743</div>\n<div class=\"t m8 x1 hd y224 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Operating result (EBIT)<span class=\"_ _e8\"> </span>42,743<span class=\"_ _8c\"> </span>314,733<span class=\"_ _ac\"> </span>-4,404<span class=\"_ _e4\"> </span>0<span class=\"_ _8c\"> </span>353,072</div>\n<div class=\"t m8 x1 hc y225 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income (non-intra-segment)<span class=\"_ _e9\"> </span>83<span class=\"_ _de\"> </span>2,626<span class=\"_ _df\"> </span>3,942<span class=\"_ _e0\"> </span>0<span class=\"_ _df\"> </span>6,651</div>\n<div class=\"t m8 x1 hc y226 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income intra-segment<span class=\"_ _ea\"> </span>453<span class=\"_ _8e\"> </span>515<span class=\"_ _db\"> </span>12,556<span class=\"_ _e5\"> </span>-13,525<span class=\"_ _e0\"> </span>0</div>\n<div class=\"t m8 x1 hc y227 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expenses (non-intra-segment)<span class=\"_ _c4\"> </span>-25,603<span class=\"_ _eb\"> </span>-6,575<span class=\"_ _b0\"> </span>-306<span class=\"_ _e0\"> </span>0<span class=\"_ _e5\"> </span>-32,484</div>\n<div class=\"t m8 x1 hc y228 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expenses intra-segment<span class=\"_ _ec\"> </span>-2,105<span class=\"_ _e5\"> </span>-10,905<span class=\"_ _b0\"> </span>-515<span class=\"_ _bb\"> </span>13,525<span class=\"_ _a\"> </span>0</div>\n<div class=\"t m8 x1 hc y229 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other \ufb01nance income<span class=\"_ _c2\"> </span>5,040<span class=\"_ _df\"> </span>4,613<span class=\"_ _df\"> </span>4,150<span class=\"_ _eb\"> </span>-1,000<span class=\"_ _db\"> </span>12,803</div>\n<div class=\"t m8 x1 hc y22a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other \ufb01nance expenses<span class=\"_ _78\"> </span>-2,862<span class=\"_ _eb\"> </span>-9,636<span class=\"_ _eb\"> </span>-7,388<span class=\"_ _df\"> </span>1,000<span class=\"_ _e5\"> </span>-18,885</div>\n<div class=\"t m8 x1 hc y22b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share of r<span class=\"_ _3\"></span>esult of equity accounted investees</div>\n<div class=\"t m8 x1 hc y22c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(net of income tax)</div>\n<div class=\"t m8 x24 hc y22d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ _e0\"> </span>0<span class=\"_ _8e\"> </span>269<span class=\"_ _a\"> </span>0<span class=\"_ _8e\"> </span>269</div>\n<div class=\"t m8 x1 hc y22e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Income tax expense<span class=\"_ _ed\"> </span>-919<span class=\"_ _de\"> </span>1,007<span class=\"_ _9d\"> </span>-1,167<span class=\"_ _a\"> </span>0<span class=\"_ _eb\"> </span>-1,079</div>\n<div class=\"t m8 x1 hd y22f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Segment result for the period<span class=\"_ _96\"> </span>16,831<span class=\"_ _8c\"> </span>296,378<span class=\"_ _9d\"> </span>7,139<span class=\"_ _e4\"> </span>0<span class=\"_ _8c\"> </span>320,348</div>\n<div class=\"t m8 x1 hc y230 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Attributable to:</div>\n<div class=\"t m8 x1f hc y231 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-controlling inter<span class=\"_ _3\"></span>est<span class=\"_ _ee\"> </span>30</div>\n<div class=\"t m8 x1f hc y232 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Owners of the Company<span class=\"_ _ef\"> </span>320,318</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 79px; height: 1060px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m8 xe hd y233 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 xe hd y234 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">CONSOLIDA<span class=\"_ _1\"></span>TED ST<span class=\"_ _2\"></span>A<span class=\"_ _1\"></span>TEMENT</div>\n<div class=\"t m8 xe hd y235 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">OF FINANCIAL POSITION</div>\n<div class=\"t m8 xe hd y236 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">For the year ended December 31, 2022</div>\n<div class=\"t m8 x45 hd y237 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Shipping<span class=\"_ _b7\"> </span>Infrastucture</div>\n<div class=\"t m8 x1c hd y234 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Supporting</div>\n<div class=\"t m8 x46 hd y235 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">services</div>\n<div class=\"t m8 x47 hd y237 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Eliminations<span class=\"_ _a0\"> </span>T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 xe hd y238 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Assets</div>\n<div class=\"t m8 xe hc y239 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>essels and barges<span class=\"_ _f0\"> </span>507,669<span class=\"_ _dc\"> </span>211,930<span class=\"_ _a\"> </span>0<span class=\"_ _e0\"> </span>0<span class=\"_ _89\"> </span>719,599</div>\n<div class=\"t m8 xe hc y23a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other property<span class=\"_ _2\"></span>, plant and equipment<span class=\"_ _81\"> </span>40<span class=\"_ _8e\"> </span>400<span class=\"_ _db\"> </span>14,116<span class=\"_ _f1\"> </span>14,556</div>\n<div class=\"t m8 xe hc y23b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Intangible assets<span class=\"_ _f2\"> </span>0<span class=\"_ _52\"> </span>19<span class=\"_ _7a\"> </span>206<span class=\"_ _f3\"> </span>225</div>\n<div class=\"t m8 xe hc y23c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Right-of-use assets<span class=\"_ _f4\"> </span>11,696<span class=\"_ _de\"> </span>2,442<span class=\"_ _df\"> </span>7,812<span class=\"_ _f1\"> </span>21,949</div>\n<div class=\"t m8 xe hc y23d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Investments in equity accounted investees<span class=\"_ _f5\"> </span>0<span class=\"_ _e0\"> </span>0<span class=\"_ _8e\"> </span>449<span class=\"_ _f3\"> </span>449</div>\n<div class=\"t m8 xe hc y23e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity accounted investees<span class=\"_ _f6\"> </span>0<span class=\"_ _de\"> </span>7,000<span class=\"_ _a\"> </span>0<span class=\"_ _f7\"> </span>7,000</div>\n<div class=\"t m8 xe hc y23f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Loan receivables intra-segment<span class=\"_ _f8\"> </span>76,872<span class=\"_ _db\"> </span>58,153<span class=\"_ _dc\"> </span>416,458<span class=\"_ _f9\"> </span>-551,483<span class=\"_ _e0\"> </span>0</div>\n<div class=\"t m8 xe hc y240 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Inventories<span class=\"_ _fa\"> </span>0<span class=\"_ _e0\"> </span>0<span class=\"_ _df\"> </span>9,217<span class=\"_ _f7\"> </span>9,217</div>\n<div class=\"t m8 xe hc y241 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Restricted cash<span class=\"_ _fb\"> </span>1,778<span class=\"_ _e0\"> </span>0<span class=\"_ _a\"> </span>0<span class=\"_ _f7\"> </span>1,778</div>\n<div class=\"t m8 xe hc y242 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash and cash equivalents<span class=\"_ _fc\"> </span>28,872<span class=\"_ _db\"> </span>32,600<span class=\"_ _dc\"> </span>485,965<span class=\"_ _af\"> </span>547,437</div>\n<div class=\"t m8 xe hc y243 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Assets held for sale<span class=\"_ _fd\"> </span>9,988<span class=\"_ _e0\"> </span>0<span class=\"_ _a\"> </span>0<span class=\"_ _f7\"> </span>9,988</div>\n<div class=\"t m8 xe hd y244 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal segment assets<span class=\"_ _77\"> </span>636,915<span class=\"_ _8c\"> </span>312,544<span class=\"_ _8c\"> </span>934,222<span class=\"_ _fe\"> </span>-551,483<span class=\"_ _ff\"> </span>1,332,198</div>\n<div class=\"t m8 xe hc y245 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unallocated other investments<span class=\"_ _100\"> </span>5,432</div>\n<div class=\"t m8 xe hc y246 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unallocated trade and other receivables<span class=\"_ _101\"> </span>81,375</div>\n<div class=\"t m8 xe hc y247 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other r<span class=\"_ _3\"></span>eceivables intra-segment<span class=\"_ _5d\"> </span>7,123<span class=\"_ _bb\"> </span>10,035<span class=\"_ _db\"> </span>36,117<span class=\"_ _e5\"> </span>-53,275<span class=\"_ _a\"> </span>0</div>\n<div class=\"t m8 xe hc y248 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other unallocated assets<span class=\"_ _102\"> </span>2,256</div>\n<div class=\"t m8 xe hd y249 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal assets<span class=\"_ _103\"> </span>-604,758<span class=\"_ _ff\"> </span>1,421,260</div>\n<div class=\"t m8 xe hd y24a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Liabilities</div>\n<div class=\"t m8 xe hc y24b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-current borr<span class=\"_ _3\"></span>owings<span class=\"_ _e8\"> </span>330,718<span class=\"_ _de\"> </span>2,026<span class=\"_ _de\"> </span>6,541<span class=\"_ _104\"> </span>339,284</div>\n<div class=\"t m8 xe hc y24c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current borr<span class=\"_ _3\"></span>owings<span class=\"_ _105\"> </span>92,909<span class=\"_ _db\"> </span>10,465<span class=\"_ _de\"> </span>1,386<span class=\"_ _104\"> </span>104,759</div>\n<div class=\"t m8 xe hc y24d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings intra-segment<span class=\"_ _106\"> </span>262,919<span class=\"_ _dc\"> </span>167,310<span class=\"_ _89\"> </span>121,254<span class=\"_ _107\"> </span>-551,483<span class=\"_ _e0\"> </span>0</div>\n<div class=\"t m8 xe hc y24e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other payables<span class=\"_ _108\"> </span>0<span class=\"_ _db\"> </span>78,000<span class=\"_ _e0\"> </span>0<span class=\"_ _f1\"> </span>78,000</div>\n<div class=\"t m8 xe hc y24f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-current pr<span class=\"_ _3\"></span>ovisions<span class=\"_ _aa\"> </span>2,347<span class=\"_ _a\"> </span>0<span class=\"_ _8e\"> </span>800<span class=\"_ _f7\"> </span>3,147</div>\n<div class=\"t m8 xe hd y250 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal segment liabilities<span class=\"_ _106\"> </span>688,892<span class=\"_ _8c\"> </span>257,801<span class=\"_ _8c\"> </span>129,980<span class=\"_ _fe\"> </span>-551,483<span class=\"_ _8c\"> </span>525,190</div>\n<div class=\"t m8 xe hc y251 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unallocated equity<span class=\"_ _109\"> </span>0<span class=\"_ _dc\"> </span>798,689</div>\n<div class=\"t m8 xe hc y252 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unallocated trade and other payables<span class=\"_ _10a\"> </span>0<span class=\"_ _db\"> </span>90,478</div>\n<div class=\"t m8 xe hc y253 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other payables intra-segment<span class=\"_ _10b\"> </span>22,243<span class=\"_ _db\"> </span>21,035<span class=\"_ _de\"> </span>9,996<span class=\"_ _e5\"> </span>-53,275<span class=\"_ _a\"> </span>0</div>\n<div class=\"t m8 xe hc y254 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unallocated other liabilities<span class=\"_ _10c\"> </span>0<span class=\"_ _de\"> </span>6,903</div>\n<div class=\"t m8 xe hd y255 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal equity and liabilities<span class=\"_ _56\"> </span>-604,758<span class=\"_ _ff\"> </span>1,421,260</div>\n<div class=\"t m8 xe hd y256 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">CASH FLOW ST<span class=\"_ _1\"></span>A<span class=\"_ _2\"></span>TEMENT</div>\n<div class=\"t m8 xe hc y257 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash from operating activities<span class=\"_ _e6\"> </span>-20,686<span class=\"_ _107\"> </span>-116,164<span class=\"_ _89\"> </span>204,797<span class=\"_ _f1\"> </span>67,947</div>\n<div class=\"t m8 xe hc y258 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash from investing activities<span class=\"_ _10d\"> </span>2,578<span class=\"_ _dc\"> </span>619,892<span class=\"_ _9d\"> </span>-8,961<span class=\"_ _af\"> </span>613,509</div>\n<div class=\"t m8 xe hc y259 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash from \ufb01nancing activities<span class=\"_ _10e\"> </span>11,121<span class=\"_ _107\"> </span>-482,042<span class=\"_ _89\"> </span>229,261<span class=\"_ _b\"> </span>-241,660</div>\n<div class=\"t m8 xe hc y25a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange rate \ufb02uctuations<span class=\"_ _10f\"> </span>568</div>\n<div class=\"t m8 xe hd y25b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal cash \ufb02ow<span class=\"_ _110\"> </span>-6,988<span class=\"_ _a8\"> </span>21,685<span class=\"_ _8c\"> </span>425,098<span class=\"_ _111\"> </span>440,364</div>\n<div class=\"t m8 xe hd y25c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ADDITIONAL INFORMA<span class=\"_ _1\"></span>TION</div>\n<div class=\"t m8 xe hc y25d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Capital expenditures<span class=\"_ _112\"> </span>-21,778<span class=\"_ _eb\"> </span>-9,693<span class=\"_ _b0\"> </span>-317<span class=\"_ _113\"> </span>-31,788</div>\n<div class=\"t m8 xe hc y25e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Proceeds fr<span class=\"_ _3\"></span>om disposals<span class=\"_ _114\"> </span>24,356<span class=\"_ _8e\"> </span>718<span class=\"_ _e0\"> </span>9<span class=\"_ _f1\"> </span>25,083</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 184px; height: 962px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m0 x1 h2 y42 ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">Segment reporting 20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1</div>\n<div class=\"t m8 x1 hd y25f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x1 hd y260 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">CONSOLIDA<span class=\"_ _1\"></span>TED ST<span class=\"_ _2\"></span>A<span class=\"_ _1\"></span>TEMENT</div>\n<div class=\"t m8 x1 hd y261 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">OF PROFIT OR LOSS</div>\n<div class=\"t m8 x1 hd y262 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">For the year ended December 31, 2021</div>\n<div class=\"t m8 x40 hd y263 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Shipping<span class=\"_ _b7\"> </span>Infrastucture</div>\n<div class=\"t m8 x41 hd y260 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Supporting</div>\n<div class=\"t m8 x42 hd y261 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">services</div>\n<div class=\"t m8 x43 hd y263 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Eliminations<span class=\"_ _a0\"> </span>T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 x1 hc y264 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Revenue third party<span class=\"_ _da\"> </span>136,013<span class=\"_ _db\"> </span>91,986<span class=\"_ _db\"> </span>19,047<span class=\"_ _e0\"> </span>0<span class=\"_ _89\"> </span>247,046</div>\n<div class=\"t m8 x1 hc y265 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Revenue intra-segment<span class=\"_ _dd\"> </span>1,667<span class=\"_ _8e\"> </span>781<span class=\"_ _de\"> </span>7,503<span class=\"_ _9d\"> </span>-9,951<span class=\"_ _a\"> </span>0</div>\n<div class=\"t m8 x1 hd y266 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal revenue<span class=\"_ _49\"> </span>137,680<span class=\"_ _a8\"> </span>92,767<span class=\"_ _a8\"> </span>26,550<span class=\"_ _ac\"> </span>-9,951<span class=\"_ _8c\"> </span>247,046</div>\n<div class=\"t m8 x1 hc y267 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gain on disposal<span class=\"_ _e1\"> </span>171<span class=\"_ _e0\"> </span>0<span class=\"_ _52\"> </span>33<span class=\"_ _e0\"> </span>0<span class=\"_ _8e\"> </span>204</div>\n<div class=\"t m8 x1 hc y268 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other operating income<span class=\"_ _e3\"> </span>747<span class=\"_ _8e\"> </span>102<span class=\"_ _8e\"> </span>253<span class=\"_ _b0\"> </span>-113<span class=\"_ _7a\"> </span>990</div>\n<div class=\"t m8 x1 hd y269 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Operating income<span class=\"_ _e3\"> </span>138,598<span class=\"_ _a8\"> </span>92,869<span class=\"_ _a8\"> </span>26,836<span class=\"_ _b2\"> </span>-10,064<span class=\"_ _8c\"> </span>248,239</div>\n<div class=\"t m8 x1 hd y26a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Operating result befor<span class=\"_ _3\"></span>e depreciations,</div>\n<div class=\"t m8 x1 hd y26b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amortisations &amp; impairment losses (EBITDA)\u2005</div>\n<div class=\"t m8 x44 hd y26c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">65,054<span class=\"_ _a8\"> </span>54,420<span class=\"_ _ac\"> </span>-5,987<span class=\"_ _e4\"> </span>0<span class=\"_ _8c\"> </span>113,486</div>\n<div class=\"t m8 x1 hc y26d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations and amortisations<span class=\"_ _7d\"> </span>-43,918<span class=\"_ _e5\"> </span>-17,225<span class=\"_ _b0\"> </span>-984<span class=\"_ _e0\"> </span>0<span class=\"_ _e5\"> </span>-62,126</div>\n<div class=\"t m8 x1 hc y26e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairment losses and reversals<span class=\"_ _e6\"> </span>5,700<span class=\"_ _e5\"> </span>-20,063<span class=\"_ _e7\"> </span>-23<span class=\"_ _e0\"> </span>0<span class=\"_ _e5\"> </span>-14,385</div>\n<div class=\"t m8 x1 hd y26f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Operating result (EBIT)<span class=\"_ _e8\"> </span>26,836<span class=\"_ _a8\"> </span>17,132<span class=\"_ _ac\"> </span>-6,994<span class=\"_ _e4\"> </span>0<span class=\"_ _a8\"> </span>36,975</div>\n<div class=\"t m8 x1 hc y270 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income (non-intra-segment)<span class=\"_ _115\"> </span>-4<span class=\"_ _de\"> </span>1,179<span class=\"_ _8e\"> </span>162<span class=\"_ _a\"> </span>0<span class=\"_ _df\"> </span>1,337</div>\n<div class=\"t m8 x1 hc y271 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income intra-segment<span class=\"_ _116\"> </span>1<span class=\"_ _e0\"> </span>0<span class=\"_ _db\"> </span>13,083<span class=\"_ _e5\"> </span>-13,084<span class=\"_ _e0\"> </span>0</div>\n<div class=\"t m8 x1 hc y272 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expenses (non-intra-segment)<span class=\"_ _c4\"> </span>-16,788<span class=\"_ _a8\"> </span>-13,197<span class=\"_ _b0\"> </span>-140<span class=\"_ _e0\"> </span>0<span class=\"_ _e5\"> </span>-30,125</div>\n<div class=\"t m8 x1 hc y273 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expenses intra-segment<span class=\"_ _117\"> </span>-334<span class=\"_ _e5\"> </span>-12,749<span class=\"_ _92\"> </span>-1<span class=\"_ _db\"> </span>13,084<span class=\"_ _a\"> </span>0</div>\n<div class=\"t m8 x1 hc y274 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other \ufb01nance income<span class=\"_ _c2\"> </span>1,062<span class=\"_ _df\"> </span>4,014<span class=\"_ _df\"> </span>6,350<span class=\"_ _eb\"> </span>-1,000<span class=\"_ _db\"> </span>10,426</div>\n<div class=\"t m8 x1 hc y275 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other \ufb01nance expenses<span class=\"_ _1f\"> </span>70<span class=\"_ _9d\"> </span>-2,740<span class=\"_ _9d\"> </span>-1,812<span class=\"_ _de\"> </span>1,000<span class=\"_ _9d\"> </span>-3,482</div>\n<div class=\"t m8 x1 hc y276 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share of r<span class=\"_ _3\"></span>esult of equity accounted investees</div>\n<div class=\"t m8 x1 hc y277 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(net of income tax)</div>\n<div class=\"t m8 x24 hc y278 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ _eb\"> </span>-1,638<span class=\"_ _8e\"> </span>138<span class=\"_ _a\"> </span>0<span class=\"_ _9d\"> </span>-1,499</div>\n<div class=\"t m8 x1 hc y279 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Income tax expense<span class=\"_ _ed\"> </span>-182<span class=\"_ _b0\"> </span>-695<span class=\"_ _eb\"> </span>-1,119<span class=\"_ _e0\"> </span>0<span class=\"_ _9d\"> </span>-1,997</div>\n<div class=\"t m8 x1 hd y27a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Segment result for the period<span class=\"_ _96\"> </span>10,660<span class=\"_ _ac\"> </span>-8,694<span class=\"_ _9d\"> </span>9,668<span class=\"_ _e4\"> </span>0<span class=\"_ _a8\"> </span>11,635</div>\n<div class=\"t m8 x1 hc y27b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Attributable to:</div>\n<div class=\"t m8 x1f hc y27c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-controlling inter<span class=\"_ _3\"></span>est<span class=\"_ _ee\"> </span>35</div>\n<div class=\"t m8 x1f hc y27d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Attributable to owners of the Company<span class=\"_ _118\"> </span>11,600</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 534px; height: 605px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m8 xe hd y233 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 xe hd y234 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">CONSOLIDA<span class=\"_ _1\"></span>TED ST<span class=\"_ _2\"></span>A<span class=\"_ _1\"></span>TEMENT</div>\n<div class=\"t m8 xe hd y235 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">OF FINANCIAL POSITION</div>\n<div class=\"t m8 xe hd y236 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">For the year ended December 31, 2021</div>\n<div class=\"t m8 x45 hd y237 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Shipping<span class=\"_ _b7\"> </span>Infrastucture</div>\n<div class=\"t m8 x1c hd y234 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Supporting</div>\n<div class=\"t m8 x46 hd y235 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">services</div>\n<div class=\"t m8 x47 hd y237 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Eliminations<span class=\"_ _a0\"> </span>T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 xe hd y238 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Assets</div>\n<div class=\"t m8 xe hc y239 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>essels and barges<span class=\"_ _f0\"> </span>555,353<span class=\"_ _dc\"> </span>409,128<span class=\"_ _a\"> </span>0<span class=\"_ _e0\"> </span>0<span class=\"_ _89\"> </span>964,481</div>\n<div class=\"t m8 xe hc y23a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other property<span class=\"_ _2\"></span>, plant and equipment<span class=\"_ _81\"> </span>52<span class=\"_ _8e\"> </span>240<span class=\"_ _8e\"> </span>982<span class=\"_ _f7\"> </span>1,274</div>\n<div class=\"t m8 xe hc y23b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Intangible assets<span class=\"_ _f2\"> </span>0<span class=\"_ _52\"> </span>14<span class=\"_ _119\"> </span>68<span class=\"_ _11a\"> </span>82</div>\n<div class=\"t m8 xe hc y23c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Right-of-use assets<span class=\"_ _f4\"> </span>16,122<span class=\"_ _de\"> </span>2,969<span class=\"_ _df\"> </span>2,266<span class=\"_ _f1\"> </span>21,356</div>\n<div class=\"t m8 xe hc y23d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity accounted investees<span class=\"_ _dd\"> </span>0<span class=\"_ _de\"> </span>2,969<span class=\"_ _df\"> </span>2,400<span class=\"_ _f7\"> </span>5,369</div>\n<div class=\"t m8 xe hc y23e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity accounted investees<span class=\"_ _f6\"> </span>0<span class=\"_ _de\"> </span>9,848<span class=\"_ _9d\"> </span>-1,957<span class=\"_ _f7\"> </span>7,891</div>\n<div class=\"t m8 xe hc y23f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Loan receivables intra-segment<span class=\"_ _f8\"> </span>77,460<span class=\"_ _db\"> </span>40,567<span class=\"_ _dc\"> </span>719,370<span class=\"_ _f9\"> </span>-837,397<span class=\"_ _e0\"> </span>0</div>\n<div class=\"t m8 xe hc y240 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Restricted cash<span class=\"_ _fb\"> </span>1,761<span class=\"_ _db\"> </span>76,121<span class=\"_ _e0\"> </span>0<span class=\"_ _f1\"> </span>77,882</div>\n<div class=\"t m8 xe hc y241 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash and cash equivalents<span class=\"_ _fc\"> </span>35,843<span class=\"_ _db\"> </span>10,869<span class=\"_ _db\"> </span>60,362<span class=\"_ _af\"> </span>107,074</div>\n<div class=\"t m8 xe hc y242 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Assets held for sale<span class=\"_ _86\"> </span>17,709<span class=\"_ _e0\"> </span>0<span class=\"_ _e0\"> </span>0<span class=\"_ _f1\"> </span>17,709</div>\n<div class=\"t m8 xe hd y243 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal segment assets<span class=\"_ _77\"> </span>704,300<span class=\"_ _8c\"> </span>552,725<span class=\"_ _8c\"> </span>783,491<span class=\"_ _fe\"> </span>-837,397<span class=\"_ _ff\"> </span>1,203,119</div>\n<div class=\"t m8 xe hc y27e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unallocated other investments<span class=\"_ _100\"> </span>1,849</div>\n<div class=\"t m8 xe hc y245 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unallocated trade and other receivables<span class=\"_ _101\"> </span>70,462</div>\n<div class=\"t m8 xe hc y246 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other r<span class=\"_ _3\"></span>eceivables intra-segment<span class=\"_ _11b\"> </span>737<span class=\"_ _8e\"> </span>438<span class=\"_ _db\"> </span>43,848<span class=\"_ _e5\"> </span>-45,024<span class=\"_ _e0\"> </span>0</div>\n<div class=\"t m8 xe hc y247 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other unallocated assets<span class=\"_ _102\"> </span>2,684</div>\n<div class=\"t m8 xe hd y248 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal assets<span class=\"_ _103\"> </span>-882,420<span class=\"_ _ff\"> </span>1,278,113</div>\n<div class=\"t m8 xe hd y27f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Liabilities</div>\n<div class=\"t m8 xe hc y24a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-current borr<span class=\"_ _3\"></span>owings<span class=\"_ _e8\"> </span>413,621<span class=\"_ _dc\"> </span>116,216<span class=\"_ _de\"> </span>1,665<span class=\"_ _104\"> </span>531,502</div>\n<div class=\"t m8 xe hc y24b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current borr<span class=\"_ _3\"></span>owings<span class=\"_ _105\"> </span>56,206<span class=\"_ _db\"> </span>88,578<span class=\"_ _8e\"> </span>661<span class=\"_ _af\"> </span>145,445</div>\n<div class=\"t m8 xe hc y24c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings intra-segment<span class=\"_ _106\"> </span>204,601<span class=\"_ _dc\"> </span>500,971<span class=\"_ _89\"> </span>131,824<span class=\"_ _107\"> </span>-837,397<span class=\"_ _e0\"> </span>0</div>\n<div class=\"t m8 xe hc y24d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-current pr<span class=\"_ _3\"></span>ovisions<span class=\"_ _aa\"> </span>2,347<span class=\"_ _a\"> </span>0<span class=\"_ _8e\"> </span>800<span class=\"_ _f7\"> </span>3,147</div>\n<div class=\"t m8 xe hc y24e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current derivative \ufb01nancial instruments<span class=\"_ _11c\"> </span>0<span class=\"_ _e0\"> </span>0<span class=\"_ _a\"> </span>0<span class=\"_ _11d\"> </span>0</div>\n<div class=\"t m8 xe hd y24f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal segment liabilities<span class=\"_ _106\"> </span>676,775<span class=\"_ _8c\"> </span>705,766<span class=\"_ _8c\"> </span>134,950<span class=\"_ _fe\"> </span>-837,397<span class=\"_ _8c\"> </span>680,094</div>\n<div class=\"t m8 xe hc y280 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unallocated equity<span class=\"_ _11e\"> </span>536,502</div>\n<div class=\"t m8 xe hc y251 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unallocated trade and other payables<span class=\"_ _a6\"> </span>59,474</div>\n<div class=\"t m8 xe hc y252 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other payables intra-segment<span class=\"_ _10b\"> </span>24,446<span class=\"_ _db\"> </span>19,802<span class=\"_ _8e\"> </span>776<span class=\"_ _e5\"> </span>-45,024<span class=\"_ _e0\"> </span>0</div>\n<div class=\"t m8 xe hc y253 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unallocated other liabilities<span class=\"_ _11f\"> </span>2,044</div>\n<div class=\"t m8 xe hd y254 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal equity and liabilities<span class=\"_ _56\"> </span>-882,420<span class=\"_ _ff\"> </span>1,278,113</div>\n<div class=\"t m8 xe hd y281 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">CASH FLOW ST<span class=\"_ _1\"></span>A<span class=\"_ _2\"></span>TEMENT</div>\n<div class=\"t m8 xe hc y256 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash from operating activities<span class=\"_ _120\"> </span>48,645<span class=\"_ _db\"> </span>26,710<span class=\"_ _db\"> </span>88,766<span class=\"_ _af\"> </span>164,121</div>\n<div class=\"t m8 xe hc y282 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash from investing activities<span class=\"_ _121\"> </span>-135,473<span class=\"_ _eb\"> </span>-2,548<span class=\"_ _8e\"> </span>255<span class=\"_ _122\"> </span>-137,765</div>\n<div class=\"t m8 xe hc y283 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash from \ufb01nancing activities<span class=\"_ _10e\"> </span>94,946<span class=\"_ _e5\"> </span>-21,611<span class=\"_ _e5\"> </span>-45,645<span class=\"_ _f1\"> </span>27,691</div>\n<div class=\"t m8 xe hc y284 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange rate \ufb02uctuations<span class=\"_ _5a\"> </span>-706</div>\n<div class=\"t m8 xe hd y285 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal cash \ufb02ow<span class=\"_ _6b\"> </span>8,119<span class=\"_ _9d\"> </span>2,551<span class=\"_ _a8\"> </span>43,376<span class=\"_ _e4\"> </span>0<span class=\"_ _a8\"> </span>53,341</div>\n<div class=\"t m8 xe hd y286 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ADDITIONAL INFORMA<span class=\"_ _1\"></span>TION</div>\n<div class=\"t m8 xe hc y287 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Capital expenditures<span class=\"_ _123\"> </span>-141,768<span class=\"_ _eb\"> </span>-1,958<span class=\"_ _b0\"> </span>-250<span class=\"_ _b\"> </span>-143,976</div>\n<div class=\"t m8 xe hc y288 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Proceeds fr<span class=\"_ _3\"></span>om disposals<span class=\"_ _78\"> </span>6,296<span class=\"_ _e0\"> </span>0<span class=\"_ _8e\"> </span>189<span class=\"_ _f7\"> </span>6,485</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 227px; height: 919px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag400": {
   "value": "\n<div class=\"t m0 x1 h11 y42 ff2 fsb fc3 sc0 ls40 ws44\" style=\"z-index: 15;\">NOTE 3 - RE<span class=\"_ _3\"></span>C<span class=\"_ _3\"></span>ONCILIA<span class=\"_ _2\"></span>TION SE<span class=\"_ _3\"></span>GMENT REPORTING</div>\n<div class=\"t m8 x1 hb y7f ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cial in<span class=\"_ _4\"></span>for<span class=\"_ _4\"></span>mat<span class=\"_ _4\"></span>ion of e<span class=\"_ _4\"></span>ach o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ing s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>ment i<span class=\"_ _4\"></span>s revi<span class=\"_ _4\"></span>ewe<span class=\"_ _4\"></span>d by mana<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent u<span class=\"_ _4\"></span>sing t<span class=\"_ _4\"></span>he p<span class=\"_ _4\"></span>rop<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>nate co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ol<span class=\"ws2\">-</span></div>\n<div class=\"t me4 x1 hb y43 ff1 fs9 fc2 sc0 ls16 wsf\" style=\"z-index: 15;\">ida<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n met<span class=\"_ _4\"></span>hod. T<span class=\"_ _4\"></span>he b<span class=\"_ _4\"></span>elo<span class=\"_ _4\"></span>w ta<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s reco<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>ile th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cial i<span class=\"_ _4\"></span>nfor<span class=\"_ _4\"></span>ma<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n as re<span class=\"_ _4\"></span>por<span class=\"_ _7\"></span>te<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span>sol<span class=\"_ _4\"></span>idat<span class=\"_ _4\"></span>ed s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent</div>\n<div class=\"t m8 x1 hb y80 ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">of \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l pos<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>on an<span class=\"_ _4\"></span>d the c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>oli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of pr<span class=\"_ _4\"></span>o\ufb01t or l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s (usin<span class=\"_ _4\"></span>g the e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y con<span class=\"_ _4\"></span>so<span class=\"_ _4\"></span>lidat<span class=\"_ _4\"></span>ion m<span class=\"_ _4\"></span>eth<span class=\"_ _4\"></span>od as r<span class=\"_ _4\"></span>e<span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y81 ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">qui<span class=\"_ _4\"></span>red u<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r IFRS 1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>) w<span class=\"_ _4\"></span>ith t<span class=\"_ _4\"></span>he \ufb01n<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>ial info<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>mati<span class=\"_ _4\"></span>on dis<span class=\"_ _4\"></span>cl<span class=\"_ _4\"></span>ose<span class=\"_ _4\"></span>d in No<span class=\"_ _4\"></span>te 2 Seg<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g (usin<span class=\"_ _4\"></span>g the p<span class=\"_ _4\"></span>rop<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n<span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y82 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">ate consolidation method).</div>\n<div class=\"t m8 x1 hd y289 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x1 hd y28a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">For the year ended December 31, 2022</div>\n<div class=\"t m8 x48 hd y289 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Proportionate</div>\n<div class=\"t m8 x49 hd y28a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">consolidation</div>\n<div class=\"t m8 x43 hd y28b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Differ<span class=\"_ _3\"></span>ence</div>\n<div class=\"t m8 x4a hd y289 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity</div>\n<div class=\"t m8 x4b hd y28a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">consolidation</div>\n<div class=\"t m8 x1 hc y28c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Revenue<span class=\"_ _124\"> </span>243,328<span class=\"_ _9c\"> </span>-87,724<span class=\"_ _9d\"> </span>155,604</div>\n<div class=\"t m8 x1 hc y28d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gain on disposal<span class=\"_ _125\"> </span>319,533<span class=\"_ _18\"> </span>109<span class=\"_ _9d\"> </span>319,643</div>\n<div class=\"t m8 x1 hc y28e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other operating income<span class=\"_ _17\"> </span>4,688<span class=\"_ _126\"> </span>-3,086<span class=\"_ _7a\"> </span>1,601</div>\n<div class=\"t m8 x1 hc y28f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>essel expenses<span class=\"_ _90\"> </span>-90,444<span class=\"_ _8a\"> </span>30,323<span class=\"_ _9c\"> </span>-60,121</div>\n<div class=\"t m8 x1 hc y290 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Raw materials and consumables used (-)<span class=\"_ _127\"> </span>-3,447<span class=\"_ _15\"> </span>0<span class=\"_ _126\"> </span>-3,447</div>\n<div class=\"t m8 x1 hc y291 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">General and administrative expenses<span class=\"_ _128\"> </span>-39,623<span class=\"_ _18\"> </span>330<span class=\"_ _9c\"> </span>-39,293</div>\n<div class=\"t m8 x1 hc y292 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Personnel expenses<span class=\"_ _a7\"> </span>-32,333<span class=\"_ _27\"> </span>0<span class=\"_ _9c\"> </span>-32,333</div>\n<div class=\"t m8 x1 hc y293 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations and amortisations<span class=\"_ _129\"> </span>-62,347<span class=\"_ _8a\"> </span>28,723<span class=\"_ _9c\"> </span>-33,624</div>\n<div class=\"t m8 x1 hc y294 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairment losses and reversals<span class=\"_ _12a\"> </span>13,743<span class=\"_ _126\"> </span>-8,975<span class=\"_ _7a\"> </span>4,768</div>\n<div class=\"t m8 x1 hc y295 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Loss on disposal<span class=\"_ _12b\"> </span>0<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0</div>\n<div class=\"t m8 x1 hc y296 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other operating expenses<span class=\"_ _12c\"> </span>-25<span class=\"_ _15\"> </span>0<span class=\"_ _44\"> </span>-25</div>\n<div class=\"t m8 x1 hd y297 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Result from operating activities<span class=\"_ _5e\"> </span>353,073<span class=\"_ _db\"> </span>-40,300<span class=\"_ _12d\"> </span>312,773</div>\n<div class=\"t m8 x1 hc y298 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income<span class=\"_ _10a\"> </span>6,651<span class=\"_ _18\"> </span>473<span class=\"_ _7a\"> </span>7,125</div>\n<div class=\"t m8 x1 hc y299 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expenses<span class=\"_ _37\"> </span>-32,484<span class=\"_ _8a\"> </span>10,530<span class=\"_ _9c\"> </span>-21,954</div>\n<div class=\"t m8 x1 hc y29a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other \ufb01nance income<span class=\"_ _4e\"> </span>12,803<span class=\"_ _126\"> </span>-3,278<span class=\"_ _7a\"> </span>9,525</div>\n<div class=\"t m8 x1 hc y29b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other \ufb01nance expenses<span class=\"_ _12e\"> </span>-18,886<span class=\"_ _7a\" style=\"margin-left: 26px;\"> </span>831<span class=\"_ _9c\"> </span>-18,055</div>\n<div class=\"t m8 x1 hd y29c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Result before income tax and shar<span class=\"_ _3\"></span>e of result of equity accounted</div>\n<div class=\"t m8 x1 hd y29d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">investees</div>\n<div class=\"t m8 x41 hd y29e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">321,157<span class=\"_ _db\"> </span>-31,743<span class=\"_ _12d\"> </span>289,414</div>\n<div class=\"t m8 x1 hc y29f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share of r<span class=\"_ _3\"></span>esult of equity accounted investees (net of income tax)<span class=\"_ _12f\"> </span>269<span class=\"_ _8a\"> </span>31,737<span class=\"_ _8a\"> </span>32,007</div>\n<div class=\"t m8 x1 hc y2a0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Income tax expense<span class=\"_ _130\"> </span>-1,079<span class=\"_ _15\"> </span>6<span class=\"_ _126\"> </span>-1,072</div>\n<div class=\"t m8 x1 hd y2a1 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Result for the period<span class=\"_ _55\"> </span>320,348<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>320,348</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 503px; height: 636px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m8 xe hd y2a2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 xe hd y2a3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2022</div>\n<div class=\"t m8 x4c hd y2a2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Proportionate</div>\n<div class=\"t m8 x4d hd y2a3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">consolidation</div>\n<div class=\"t m8 x47 hd y2a4 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Differ<span class=\"_ _3\"></span>ence</div>\n<div class=\"t m8 x4e hd y2a2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity</div>\n<div class=\"t m8 x4f hd y2a3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">consolidation</div>\n<div class=\"t m8 xe hc y2a5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>essels and barges<span class=\"_ _58\"> </span>719,599<span class=\"_ _8b\"> </span>-281,633<span class=\"_ _5b\"> </span>437,966</div>\n<div class=\"t m8 xe hc y2a6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other property<span class=\"_ _2\"></span>, plant and equipment<span class=\"_ _132\"> </span>14,556<span class=\"_ _15\"> </span>0<span class=\"_ _b1\"> </span>14,556</div>\n<div class=\"t m8 xe hc y2a7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Intangible assets<span class=\"_ _133\"> </span>225<span class=\"_ _15\"> </span>0<span class=\"_ _18\"> </span>225</div>\n<div class=\"t m8 xe hc y2a8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Right-of-use assets<span class=\"_ _3e\"> </span>21,949<span class=\"_ _9c\"> </span>-11,039<span class=\"_ _2e\"> </span>10,910</div>\n<div class=\"t m8 xe hc y2a9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Investments in equity accounted investees<span class=\"_ _9f\"> </span>449<span class=\"_ _eb\"> </span>106,633<span class=\"_ _5b\"> </span>107,082</div>\n<div class=\"t m8 xe hc y2aa ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity accounted investees<span class=\"_ _134\" style=\"margin-left: 29px;\"> </span>0<span class=\"_ _15\"> </span>0<span class=\"_ _44\" style=\"margin-left: 20px;\"> </span>0</div>\n<div class=\"t m8 xe hc y2ab ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Deferred tax assets<span class=\"_ _135\"> </span>1,071<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>1,071</div>\n<div class=\"t m8 xe hd y2ac ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-current assets<span class=\"_ _136\"> </span>757,849<span class=\"_ _137\"> </span>-186,039<span class=\"_ _12d\"> </span>571,810</div>\n<div class=\"t m8 xe hc y2ad ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Derivative \ufb01nancial asset<span class=\"_ _21\"> </span>3,583<span class=\"_ _126\"> </span>-3,010<span class=\"_ _18\"> </span>573</div>\n<div class=\"t m8 xe hc y2ae ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other investments<span class=\"_ _138\"> </span>1,849<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>1,849</div>\n<div class=\"t m8 xe hc y2af ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Inventories<span class=\"_ _124\"> </span>9,217<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>9,217</div>\n<div class=\"t m8 xe hc y2b0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other r<span class=\"_ _3\"></span>eceivables<span class=\"_ _50\"> </span>81,375<span class=\"_ _9c\"> </span>-14,286<span class=\"_ _8a\"> </span>67,089</div>\n<div class=\"t m8 xe hc y2b1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Short term borrowings to equity accounted investees<span class=\"_ _a5\"> </span>7,000<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>7,000</div>\n<div class=\"t m8 xe hc y2b2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current tax assets<span class=\"_ _139\"> </span>1,185<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>1,185</div>\n<div class=\"t m8 xe hc y2b3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Restricted cash<span class=\"_ _13a\"> </span>1,778<span class=\"_ _126\"> </span>-1,778<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m8 xe hc y2b4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash and cash equivalents<span class=\"_ _13b\"> </span>547,437<span class=\"_ _9c\"> </span>-27,884<span class=\"_ _9d\"> </span>519,553</div>\n<div class=\"t m8 xe hc y2b5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Assets held for sale<span class=\"_ _13c\"> </span>9,988<span class=\"_ _126\"> </span>-9,988<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m8 xe hd y2b6 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current assets<span class=\"_ _57\"> </span>663,411<span class=\"_ _db\"> </span>-56,946<span class=\"_ _12d\"> </span>606,465</div>\n<div class=\"t m8 xe hd y2b7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal assets<span class=\"_ _13d\"> </span>1,421,260<span class=\"_ _137\"> </span>-242,985<span class=\"_ _13e\"> </span>1,178,276</div>\n<div class=\"t m8 xe hd y2b8 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity<span class=\"_ _42\"> </span>798,689<span class=\"_ _131\"> </span>1<span class=\"_ _12d\"> </span>798,691</div>\n<div class=\"t m8 xe hc y2b9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings<span class=\"_ _13f\"> </span>339,284<span class=\"_ _ac\"> </span>-171,736<span class=\"_ _9d\"> </span>167,548</div>\n<div class=\"t m8 xe hc y2ba ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other payables<span class=\"_ _72\"> </span>78,000<span class=\"_ _15\"> </span>0<span class=\"_ _8a\"> </span>78,000</div>\n<div class=\"t m8 xe hc y2bb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Employee bene\ufb01ts<span class=\"_ _140\"> </span>1,040<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>1,040</div>\n<div class=\"t m8 xe hc y2bc ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-current pr<span class=\"_ _3\"></span>ovisions<span class=\"_ _4e\"> </span>3,147<span class=\"_ _126\"> </span>-2,347<span class=\"_ _18\"> </span>800</div>\n<div class=\"t m8 xe hc y2bd ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Deferred tax liabilities<span class=\"_ _141\"> </span>2,982<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>2,982</div>\n<div class=\"t m8 xe hd y2be ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-current liabilities<span class=\"_ _142\"> </span>424,453<span class=\"_ _137\"> </span>-174,083<span class=\"_ _12d\"> </span>250,370</div>\n<div class=\"t m8 xe hc y2bf ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings<span class=\"_ _13f\"> </span>104,759<span class=\"_ _9c\"> </span>-53,960<span class=\"_ _8a\"> </span>50,800</div>\n<div class=\"t m8 xe hc y2c0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other payables<span class=\"_ _143\"> </span>90,478<span class=\"_ _9c\"> </span>-14,936<span class=\"_ _8a\"> </span>75,542</div>\n<div class=\"t m8 xe hc y2c1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current tax liability<span class=\"_ _94\"> </span>2,881<span class=\"_ _144\"> </span>-8<span class=\"_ _7a\"> </span>2,873</div>\n<div class=\"t m8 xe hd y2c2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current liabilities<span class=\"_ _145\"> </span>198,118<span class=\"_ _db\"> </span>-68,903<span class=\"_ _12d\"> </span>129,215</div>\n<div class=\"t m8 xe hd y2c3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal equity and liabilities<span class=\"_ _146\"> </span>1,421,260<span class=\"_ _137\"> </span>-242,985<span class=\"_ _13e\"> </span>1,178,276</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 408px; height: 737px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m8 x1 hd y2a2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x1 hd y2a3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">For the year ended December 31, 2021</div>\n<div class=\"t m8 x48 hd y2a2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Proportionate</div>\n<div class=\"t m8 x49 hd y2a3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">consolidation</div>\n<div class=\"t m8 x43 hd y2a4 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Differ<span class=\"_ _3\"></span>ence</div>\n<div class=\"t m8 x4a hd y2a2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity</div>\n<div class=\"t m8 x4b hd y2a3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">consolidation</div>\n<div class=\"t m8 x1 hc y2a5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Revenue<span class=\"_ _124\"> </span>247,046<span class=\"_ _9c\"> </span>-98,816<span class=\"_ _9d\"> </span>148,229</div>\n<div class=\"t m8 x1 hc y2a6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gain on disposal<span class=\"_ _133\"> </span>204<span class=\"_ _64\"> </span>-151<span class=\"_ _1a\"> </span>52</div>\n<div class=\"t m8 x1 hc y2a7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other operating income<span class=\"_ _b3\"> </span>990<span class=\"_ _27\"> </span>0<span class=\"_ _18\"> </span>990</div>\n<div class=\"t m8 x1 hc y2c4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>essel expenses<span class=\"_ _90\"> </span>-80,634<span class=\"_ _8a\"> </span>35,565<span class=\"_ _9c\"> </span>-45,068</div>\n<div class=\"t m8 x1 hc y2c5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">General and administrative expenses<span class=\"_ _128\"> </span>-25,149<span class=\"_ _18\"> </span>613<span class=\"_ _9c\"> </span>-24,536</div>\n<div class=\"t m8 x1 hc y2c6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Personnel expenses<span class=\"_ _a7\"> </span>-27,355<span class=\"_ _27\"> </span>6<span class=\"_ _9c\"> </span>-27,349</div>\n<div class=\"t m8 x1 hc y2c7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations and amortisations<span class=\"_ _129\"> </span>-62,126<span class=\"_ _8a\"> </span>30,762<span class=\"_ _9c\"> </span>-31,364</div>\n<div class=\"t m8 x1 hc y2c8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairment losses and reversals<span class=\"_ _147\"> </span>-14,385<span class=\"_ _126\"> </span>-3,200<span class=\"_ _9c\"> </span>-17,585</div>\n<div class=\"t m8 x1 hc y2ad ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Loss on disposal<span class=\"_ _148\"> </span>-143<span class=\"_ _1a\"> </span>43<span class=\"_ _64\"> </span>-100</div>\n<div class=\"t m8 x1 hc y2ae ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other operating expenses<span class=\"_ _149\"> </span>-1,473<span class=\"_ _18\"> </span>585<span class=\"_ _64\"> </span>-888</div>\n<div class=\"t m8 x1 hd y2af ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Result from operating activities<span class=\"_ _14a\"> </span>36,975<span class=\"_ _db\"> </span>-34,593<span class=\"_ _126\"> </span>2,382</div>\n<div class=\"t m8 x1 hc y2c9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income<span class=\"_ _10a\"> </span>1,337<span class=\"_ _18\"> </span>200<span class=\"_ _7a\"> </span>1,537</div>\n<div class=\"t m8 x1 hc y2ca ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expenses<span class=\"_ _37\"> </span>-30,125<span class=\"_ _8a\"> </span>14,599<span class=\"_ _9c\"> </span>-15,526</div>\n<div class=\"t m8 x1 hc y2cb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other \ufb01nance income<span class=\"_ _4e\"> </span>10,426<span class=\"_ _64\"> </span>-229<span class=\"_ _8a\"> </span>10,198</div>\n<div class=\"t m8 x1 hc y2cc ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other \ufb01nance expenses<span class=\"_ _14b\"> </span>-3,482<span class=\"_ _64\" style=\"margin-left: -25px;\"> </span>-3,303<span class=\"_ _126\"> </span>-6,785</div>\n<div class=\"t m8 x1 hd y2cd ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Result before income tax and shar<span class=\"_ _3\"></span>e of result of equity accounted</div>\n<div class=\"t m8 x1 hd y2ce ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">investees</div>\n<div class=\"t m8 x50 hd y2cf ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">15,131<span class=\"_ _db\"> </span>-23,326<span class=\"_ _a0\"> </span>-8,195</div>\n<div class=\"t m8 x1 hc y2d0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share of r<span class=\"_ _3\"></span>esult of equity accounted investees (net of income tax)<span class=\"_ _14c\"> </span>-1,499<span class=\"_ _8a\"> </span>23,268<span class=\"_ _8a\"> </span>21,769</div>\n<div class=\"t m8 x1 hc y2d1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Income tax expense<span class=\"_ _130\"> </span>-1,997<span class=\"_ _1a\"> </span>58<span class=\"_ _126\"> </span>-1,939</div>\n<div class=\"t m8 x1 hd y2d2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Result for the period<span class=\"_ _12c\"> </span>11,635<span class=\"_ _131\"> </span>0<span class=\"_ _14d\"> </span>11,635</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 661px; height: 484px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m8 xe hd y2a2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 xe hd y2a3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2021</div>\n<div class=\"t m8 x4c hd y2a2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Proportionate</div>\n<div class=\"t m8 x4d hd y2a3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">consolidation</div>\n<div class=\"t m8 x47 hd y2a4 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Differ<span class=\"_ _3\"></span>ence</div>\n<div class=\"t m8 x4e hd y2a2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity</div>\n<div class=\"t m8 x4f hd y2a3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">consolidation</div>\n<div class=\"t m8 xe hc y2a5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>essels and barges<span class=\"_ _58\"> </span>964,481<span class=\"_ _8b\"> </span>-316,045<span class=\"_ _5b\"> </span>648,436</div>\n<div class=\"t m8 xe hc y2a6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other property<span class=\"_ _2\"></span>, plant and equipment<span class=\"_ _6a\"> </span>1,274<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>1,274</div>\n<div class=\"t m8 xe hc y2a7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Loan receivables intra-segment<span class=\"_ _14e\"> </span>82<span class=\"_ _15\"> </span>0<span class=\"_ _1a\"> </span>82</div>\n<div class=\"t m8 xe hc y2a8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Right-of-use assets<span class=\"_ _3e\"> </span>21,356<span class=\"_ _14d\"> </span>-15,356<span class=\"_ _7a\"> </span>6,000</div>\n<div class=\"t m8 xe hc y2a9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Investments in equity accounted investees<span class=\"_ _14f\"> </span>5,369<span class=\"_ _8a\"> </span>81,391<span class=\"_ _8a\"> </span>86,760</div>\n<div class=\"t m8 xe hc y2aa ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity accounted investees<span class=\"_ _150\"> </span>5<span class=\"_ _8a\"> </span>24,756<span class=\"_ _8a\"> </span>24,760</div>\n<div class=\"t m8 xe hc y2ab ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Derivative \ufb01nancial asset<span class=\"_ _151\"> </span>759<span class=\"_ _64\"> </span>-759<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m8 xe hc y2ac ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Deferred tax assets<span class=\"_ _13a\"> </span>0<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0</div>\n<div class=\"t m8 xe hd y2d3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-current assets<span class=\"_ _136\"> </span>993,326<span class=\"_ _137\"> </span>-226,013<span class=\"_ _12d\"> </span>767,312</div>\n<div class=\"t m8 xe hc y2ae ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Derivative \ufb01nancial asset<span class=\"_ _151\"> </span>920<span class=\"_ _15\"> </span>0<span class=\"_ _18\"> </span>920</div>\n<div class=\"t m8 xe hc y2af ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other investments<span class=\"_ _138\"> </span>1,849<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>1,849</div>\n<div class=\"t m8 xe hc y2b0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other r<span class=\"_ _3\"></span>eceivables<span class=\"_ _50\"> </span>70,462<span class=\"_ _9c\"> </span>-15,308<span class=\"_ _8a\"> </span>55,154</div>\n<div class=\"t m8 xe hc y2b1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Short term borrowings to equity accounted investees<span class=\"_ _a5\"> </span>7,887<span class=\"_ _7a\"> </span>7,520<span class=\"_ _8a\"> </span>15,407</div>\n<div class=\"t m8 xe hc y2b2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current tax assets<span class=\"_ _139\"> </span>1,003<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>1,003</div>\n<div class=\"t m8 xe hc y2b3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Restricted cash<span class=\"_ _28\"> </span>77,882<span class=\"_ _126\"> </span>-1,761<span class=\"_ _8a\"> </span>76,121</div>\n<div class=\"t m8 xe hc y2b4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash and cash equivalents<span class=\"_ _13b\"> </span>107,074<span class=\"_ _9c\"> </span>-35,945<span class=\"_ _8a\"> </span>71,130</div>\n<div class=\"t m8 xe hc y2b5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Assets held for sale<span class=\"_ _a9\"> </span>17,709<span class=\"_ _126\"> </span>-5,209<span class=\"_ _b1\"> </span>12,500</div>\n<div class=\"t m8 xe hd y2b6 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current assets<span class=\"_ _57\"> </span>284,787<span class=\"_ _db\"> </span>-50,703<span class=\"_ _12d\"> </span>234,083</div>\n<div class=\"t m8 xe hd y2b7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal assets<span class=\"_ _13d\"> </span>1,278,113<span class=\"_ _137\"> </span>-276,716<span class=\"_ _13e\"> </span>1,001,395</div>\n<div class=\"t m8 xe hd y2b8 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity<span class=\"_ _42\"> </span>536,502<span class=\"_ _131\"> </span>1<span class=\"_ _12d\"> </span>536,503</div>\n<div class=\"t m8 xe hc y2b9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings<span class=\"_ _13f\"> </span>531,502<span class=\"_ _ac\"> </span>-217,686<span class=\"_ _9d\"> </span>313,816</div>\n<div class=\"t m8 xe hc y2ba ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Employee bene\ufb01ts<span class=\"_ _152\"> </span>730<span class=\"_ _15\"> </span>0<span class=\"_ _18\"> </span>730</div>\n<div class=\"t m8 xe hc y2bb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-current pr<span class=\"_ _3\"></span>ovisions<span class=\"_ _4e\"> </span>3,147<span class=\"_ _126\"> </span>-2,347<span class=\"_ _18\"> </span>800</div>\n<div class=\"t m8 xe hd y2bc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-current liabilities<span class=\"_ _142\"> </span>535,379<span class=\"_ _137\"> </span>-220,032<span class=\"_ _12d\"> </span>315,347</div>\n<div class=\"t m8 xe hc y2d4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings<span class=\"_ _13f\"> </span>145,445<span class=\"_ _9c\"> </span>-34,450<span class=\"_ _9d\"> </span>110,995</div>\n<div class=\"t m8 xe hc y2d5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other payables<span class=\"_ _143\"> </span>59,474<span class=\"_ _9c\"> </span>-22,233<span class=\"_ _8a\"> </span>37,241</div>\n<div class=\"t m8 xe hc y2bf ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current tax liability<span class=\"_ _94\"> </span>1,314<span class=\"_ _144\"> </span>-5<span class=\"_ _7a\"> </span>1,309</div>\n<div class=\"t m8 xe hc y2c0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current derivative \ufb01nancial instruments<span class=\"_ _79\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m8 xe hd y2c1 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current liabilities<span class=\"_ _145\"> </span>206,233<span class=\"_ _db\"> </span>-56,687<span class=\"_ _12d\"> </span>149,546</div>\n<div class=\"t m8 xe hd y2c2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal equity and liabilities<span class=\"_ _146\"> </span>1,278,113<span class=\"_ _137\"> </span>-276,719<span class=\"_ _13e\"> </span>1,001,395</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 428px; height: 717px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "exmar:DisclosureOfReconciliationSegmentReportingExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag496": {
   "value": "\n<div class=\"t m0 x1 h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 4 \u2013 D<span class=\"_ _3\"></span>IVESTITURES</div>\n<div class=\"t m0 x1 h6 y1ba ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Sal<span class=\"_ _4\"></span>e of 1<span class=\"_ _1\"></span>0<span class=\"_ _4\"></span>0% s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es in E<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>por<span class=\"_ _4\"></span>t L<span class=\"_ _4\"></span>NG Ltd, owne<span class=\"_ _4\"></span>r of th<span class=\"_ _4\"></span>e T<span class=\"_ _1\"></span>ANGO FLNG</div>\n<div class=\"t m4d x1 hb y80 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">Per Jun<span class=\"_ _4\"></span>e 30, 2022, th<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>ies of E<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t LN<span class=\"_ _4\"></span>G Ltd, a 100<span class=\"_ _4\"></span>% sub<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>iar<span class=\"_ _4\"></span>y, were pr<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d as hel<span class=\"_ _4\"></span>d for s<span class=\"_ _4\"></span>ale.</div>\n<div class=\"t m25f x1 hb y81 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">On A<span class=\"_ _4\"></span>ugu<span class=\"_ _4\"></span>st 5, 2022, E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR an<span class=\"_ _4\"></span>d Eni en<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>d into a s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>e pur<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>se ag<span class=\"_ _4\"></span>ree<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t to sell a<span class=\"_ _4\"></span>ll the s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es of E<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t LN<span class=\"_ _4\"></span>G</div>\n<div class=\"t m8 x1 hb y82 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">Ltd, th<span class=\"_ _4\"></span>e ow<span class=\"_ _4\"></span>ning co<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>any of th<span class=\"_ _4\"></span>e \ufb02oat<span class=\"_ _4\"></span>ing li<span class=\"_ _4\"></span>quef<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n unit T<span class=\"_ _3\"></span>ANGO FL<span class=\"_ _4\"></span>NG. Th<span class=\"_ _4\"></span>e bala<span class=\"_ _4\"></span>nce s<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>et of E<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>por<span class=\"_ _7\"></span>t LN<span class=\"_ _4\"></span>G Ltd, at</div>\n<div class=\"t m8 x1 hb y2d6 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Jun<span class=\"_ _4\"></span>e 30, 2022 c<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>n be de<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>iled a<span class=\"_ _4\"></span>s follo<span class=\"_ _4\"></span>ws:</div>\n<div class=\"t m8 x1 hd y2d7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _153\"> </span>Balance as per 30 June 2022</div>\n<div class=\"t m8 x1 hc y2d8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Barge<span class=\"_ _154\"> </span>256,180</div>\n<div class=\"t m8 x1 hc y2d9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other r<span class=\"_ _3\"></span>eceivables<span class=\"_ _155\"> </span>281</div>\n<div class=\"t m8 x1 hc y2da ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Restricted cash<span class=\"_ _156\"> </span>76,182</div>\n<div class=\"t m8 x1 hc y2db ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash and cash equivalents<span class=\"_ _157\"> </span>67</div>\n<div class=\"t m8 x1 hd y2dc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal assets held for sale<span class=\"_ _158\"> </span>332,710</div>\n<div class=\"t m8 x1 hc y2dd ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings<span class=\"_ _159\"> </span>-121,640</div>\n<div class=\"t m8 x1 hc y2de ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other payables<span class=\"_ _15a\"> </span>-3,943</div>\n<div class=\"t m8 x1 hd y2df ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal liabilities held for sale<span class=\"_ _4b\"> </span>-125,583</div>\n<div class=\"t m260 x1 hb y4e ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s of Aug<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>t 1<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>, 202<span class=\"_ _4\"></span>2, EXM<span class=\"_ _4\"></span>AR re<span class=\"_ _4\"></span>pai<span class=\"_ _4\"></span>d the o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>and<span class=\"_ _4\"></span>ing b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s towa<span class=\"_ _4\"></span>rds B<span class=\"_ _4\"></span>ank of C<span class=\"_ _4\"></span>hina fo<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cing o<span class=\"_ _4\"></span>f the</div>\n<div class=\"t m261 x1 hb y72 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>AN<span class=\"_ _4\"></span>GO FLNG a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e rela<span class=\"_ _4\"></span>ted re<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d ca<span class=\"_ _4\"></span>sh b<span class=\"_ _4\"></span>alanc<span class=\"_ _4\"></span>e was r<span class=\"_ _4\"></span>elea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d (see N<span class=\"_ _4\"></span>otes 28 Bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owi<span class=\"_ _4\"></span>ngs an<span class=\"_ _4\"></span>d 25 Res<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ric<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m8 x1 hb y4f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ca<span class=\"_ _4\"></span>sh a<span class=\"_ _4\"></span>nd c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h and c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h eq<span class=\"_ _4\"></span>uiv<span class=\"_ _4\"></span>alen<span class=\"_ _4\"></span>ts r<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tive<span class=\"_ _4\"></span>ly).</div>\n<div class=\"t m15c x1 hb y50 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">On A<span class=\"_ _4\"></span>ugu<span class=\"_ _4\"></span>st 26, 202<span class=\"_ _4\"></span>2, the s<span class=\"_ _4\"></span>hare s<span class=\"_ _4\"></span>ale w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h Eni was c<span class=\"_ _4\"></span>los<span class=\"_ _4\"></span>ed f<span class=\"_ _4\"></span>or a c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h con<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n of USD 6<span class=\"_ _4\"></span>46.7 millio<span class=\"_ _4\"></span>n, st<span class=\"_ _4\"></span>ill su<span class=\"_ _4\"></span>bje<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t</div>\n<div class=\"t mb8 x1 hb y51 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">to a pr<span class=\"_ _4\"></span>ice a<span class=\"_ _4\"></span>dju<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt bet<span class=\"_ _7\"></span>wee<span class=\"_ _4\"></span>n plu<span class=\"_ _4\"></span>s USD 44.0 mi<span class=\"_ _4\"></span>llion a<span class=\"_ _4\"></span>nd min<span class=\"_ _4\"></span>us USD 78.0 million, d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>end<span class=\"_ _4\"></span>ing on t<span class=\"_ _4\"></span>he ac<span class=\"_ _7\"></span>tua<span class=\"_ _4\"></span>l per<span class=\"_ _7\"></span>for<span class=\"ws2\">-</span></div>\n<div class=\"t m262 x1 hb y52 ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">man<span class=\"_ _4\"></span>ce of th<span class=\"_ _4\"></span>e T<span class=\"_ _1\"></span>AN<span class=\"_ _4\"></span>GO FLNG d<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he \ufb01r<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t six m<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>hs on s<span class=\"_ _4\"></span>ite. In t<span class=\"_ _4\"></span>his re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t, E<span class=\"_ _4\"></span>X<span class=\"_ _4\"></span>MAR d<span class=\"_ _4\"></span>efe<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ed reve<span class=\"_ _4\"></span>nue of U<span class=\"_ _4\"></span>SD 78.0</div>\n<div class=\"t m12 x1 hb y53 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">millio<span class=\"_ _4\"></span>n and r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>rde<span class=\"_ _4\"></span>d thi<span class=\"_ _4\"></span>s as a co<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>gent c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n liabil<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>, w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h will b<span class=\"_ _4\"></span>e evalu<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d in 2024. EX<span class=\"_ _4\"></span>MAR r<span class=\"_ _4\"></span>ealize<span class=\"_ _4\"></span>d a</div>\n<div class=\"t m8 x1 hb y54 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">gain o<span class=\"_ _4\"></span>f USD 31<span class=\"_ _1\"></span>5.<span class=\"_ _3\"></span>7 millio<span class=\"_ _4\"></span>n on t<span class=\"_ _4\"></span>his tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>sac<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n (see N<span class=\"_ _4\"></span>ote 7 Gai<span class=\"_ _4\"></span>n on di<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>als).</div>\n<div class=\"t m8 x1 hb y1da ff1 fs9 fc2 sc0 ls2 ws24\" style=\"z-index: 15;\">The sale of the shares of Export LNG triggered a repayment and termination of the USD 50.0 million Sequoia credit</div>\n<div class=\"t m8 x14 hb y73 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m1ac x1 hb y55 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15; word-spacing: 2px;\">facility, which was used in its entirety at the end of June 2022. Repayment occurred on August 29, 2022 (see also</div>\n<div class=\"t m8 x1 hb y56 ff1 fs9 fc2 sc0 ls13 wsc\" style=\"z-index: 15;\">Note 28 Borrowings).</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 591px; height: 548px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 xe h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 7 \u2013 G<span class=\"_ _3\"></span>AIN ON DIS<span class=\"_ _3\"></span>POS<span class=\"_ _1\"></span>AL</div>\n<div class=\"t m282 xe hb y7f ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">At year-<span class=\"_ _4\"></span>end 2<span class=\"_ _4\"></span>022, E<span class=\"_ _4\"></span>xma<span class=\"_ _4\"></span>r reali<span class=\"_ _4\"></span>zed a no<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>cur<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ing g<span class=\"_ _4\"></span>ain on d<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>pos<span class=\"_ _4\"></span>als o<span class=\"_ _4\"></span>f USD 3<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>.6 mill<span class=\"_ _4\"></span>ion w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h ca<span class=\"_ _4\"></span>n be d<span class=\"_ _4\"></span>eta<span class=\"_ _4\"></span>iled a<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb y43 ff1 fs9 fc2 sc0 ls18 wsd\" style=\"z-index: 15;\">follows:</div>\n<div class=\"t m8 xe hd y302 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y303 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gain on sale of shares of Export LNG<span class=\"_ _149\"> </span>315,654<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hc y304 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gain on derecognition Bexco NV<span class=\"_ _16d\"> </span>3,474<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hc y305 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other\u2005\u2005<span class=\"_ _16e\"> </span>515<span class=\"_ _1c\"> </span>52</div>\n<div class=\"t m8 xe hd y306 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gain on disposal<span class=\"_ _16f\"> </span>319,643<span class=\"_ _170\"> </span>52</div>\n<div class=\"t m283 xe hb y8c ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s a res<span class=\"_ _4\"></span>ult of t<span class=\"_ _4\"></span>he sa<span class=\"_ _4\"></span>le of th<span class=\"_ _4\"></span>e 1<span class=\"_ _3\"></span>0<span class=\"_ _4\"></span>0% s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s of E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>t LNG Lt<span class=\"_ _4\"></span>d.<span class=\"_ _3\"></span>, the o<span class=\"_ _4\"></span>wni<span class=\"_ _4\"></span>ng com<span class=\"_ _4\"></span>pany of t<span class=\"_ _4\"></span>he T<span class=\"_ _1\"></span>A<span class=\"_ _4\"></span>NGO FLN<span class=\"_ _4\"></span>G, in Aug<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>t</div>\n<div class=\"t m8 xe hb y88 ff1 fs9 fc2 sc0 ls2 ws3a\" style=\"z-index: 15;\">2022, E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR real<span class=\"_ _4\"></span>ized a n<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>-re<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>in<span class=\"_ _4\"></span>g gain of US<span class=\"_ _4\"></span>D 3<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>5.7 million. We re<span class=\"_ _4\"></span>fer to N<span class=\"_ _4\"></span>ote 4 Dive<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tit<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>s for ad<span class=\"_ _4\"></span>di<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>nal in<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 xe hb y89 ff1 fs9 fc2 sc0 ls18 wsd\" style=\"z-index: 15;\">for<span class=\"_ _4\"></span>mation.</div>\n<div class=\"t m8 xe hb y212 ff1 fs9 fc2 sc0 ls2 ws4e\" style=\"z-index: 15;\">On N<span class=\"_ _4\"></span>ovemb<span class=\"_ _4\"></span>er 1<span class=\"_ _1\"></span>, 2<span class=\"_ _4\"></span>022, E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R acq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d th<span class=\"_ _4\"></span>e rema<span class=\"_ _4\"></span>ining 55.0<span class=\"_ _4\"></span>9% s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s of Bexc<span class=\"_ _4\"></span>o NV for a c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of USD 9<span class=\"_ _1\"></span>.7</div>\n<div class=\"t m284 xe hb yd8 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">millio<span class=\"_ _4\"></span>n. Until t<span class=\"_ _4\"></span>hat d<span class=\"_ _4\"></span>ate, Bexco N<span class=\"_ _4\"></span>V was ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted f<span class=\"_ _4\"></span>or as a<span class=\"_ _4\"></span>n equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee an<span class=\"_ _4\"></span>d th<span class=\"_ _4\"></span>e der<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnit<span class=\"_ _4\"></span>ion t<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>eof</div>\n<div class=\"t m285 xe hb y8b ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">res<span class=\"_ _4\"></span>ulte<span class=\"_ _4\"></span>d in a n<span class=\"_ _4\"></span>et gain o<span class=\"_ _4\"></span>f USD 3.<span class=\"_ _1\"></span>1 million, i.e. af<span class=\"_ _4\"></span>ter r<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>ycli<span class=\"_ _4\"></span>ng a USD 0.8 mi<span class=\"_ _4\"></span>llion c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>lat<span class=\"_ _4\"></span>ion lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s. Sin<span class=\"_ _4\"></span>ce ob<span class=\"_ _4\"></span>tai<span class=\"_ _4\"></span>n<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m23b xe hb y4a ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">ing co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ol fr<span class=\"_ _4\"></span>om Nove<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 2022 o<span class=\"_ _4\"></span>nwar<span class=\"_ _4\"></span>ds, B<span class=\"_ _4\"></span>exco is i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d in fu<span class=\"_ _4\"></span>ll in th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s con<span class=\"_ _4\"></span>soli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>ncial<span class=\"_ _4\"></span>s and t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m1a2 xe hb y4b ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>cq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d and a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ed lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>ies w<span class=\"_ _4\"></span>ere re<span class=\"_ _4\"></span>cor<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue, res<span class=\"_ _4\"></span>ulti<span class=\"_ _4\"></span>ng in a b<span class=\"_ _4\"></span>adw<span class=\"_ _4\"></span>ill of USD 0.4 mi<span class=\"_ _4\"></span>llion. T<span class=\"_ _4\"></span>his</div>\n<div class=\"t m8 xe hb y4c ff1 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">bad<span class=\"_ _4\"></span>wil<span class=\"_ _4\"></span>l was d<span class=\"_ _4\"></span>irec<span class=\"_ _7\"></span>tly re<span class=\"_ _4\"></span>cor<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d in pr<span class=\"_ _4\"></span>o\ufb01t an<span class=\"_ _4\"></span>d inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ed w<span class=\"_ _4\"></span>ithi<span class=\"_ _4\"></span>n the c<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n Gain o<span class=\"_ _4\"></span>n dis<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sal. S<span class=\"_ _4\"></span>ee al<span class=\"_ _4\"></span>so Not<span class=\"_ _4\"></span>e 5 Bus<span class=\"_ _4\"></span>ines<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb y1e3 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">combinations<span class=\"_ _3\"></span> and other<span class=\"_ _3\"></span> share deal<span class=\"_ _3\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 773px; height: 366px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 773px; height: 366px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "exmar:DisclosureOfDivestituresExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag498": {
   "value": "\n<div class=\"t m0 xe h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 5 -<span class=\"ls56 ws5e\"> B<span class=\"_ _3\"></span>US<span class=\"_ _3\"></span>INESS C<span class=\"_ _3\"></span>OMBINA<span class=\"_ _2\"></span>TIONS AND OTHER SHARE DE<span class=\"_ _4\"></span>ALS</span></div>\n<div class=\"t m0 xe h6 y1ba ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Bex<span class=\"_ _1\"></span>co NV \u2013 business combination</div>\n<div class=\"t m263 xe hb y80 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Bexc<span class=\"_ _4\"></span>o NV is a le<span class=\"_ _4\"></span>adi<span class=\"_ _4\"></span>ng Euro<span class=\"_ _4\"></span>pea<span class=\"_ _4\"></span>n manu<span class=\"_ _4\"></span>fa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>rer of p<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>isio<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>e<span class=\"_ _4\"></span>ngin<span class=\"_ _4\"></span>eer<span class=\"_ _4\"></span>ed s<span class=\"_ _4\"></span>ynt<span class=\"_ _4\"></span>het<span class=\"_ _4\"></span>ic mo<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>ing, tow<span class=\"_ _4\"></span>ing a<span class=\"_ _4\"></span>nd lif<span class=\"_ _7\"></span>ting r<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>es</div>\n<div class=\"t m8 xe hb y81 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">for of<span class=\"_ _7\"></span>fs<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>re, mari<span class=\"_ _4\"></span>ne an<span class=\"_ _4\"></span>d ind<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ial ap<span class=\"_ _4\"></span>pli<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>tion<span class=\"_ _4\"></span>s, bas<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n Belgium. T<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup o<span class=\"_ _4\"></span>wne<span class=\"_ _4\"></span>d 4<span class=\"_ _4\"></span>4.<span class=\"_ _1\"></span>91<span class=\"_ _1\"></span>% of th<span class=\"_ _4\"></span>e sha<span class=\"_ _4\"></span>res a<span class=\"_ _4\"></span>nd up</div>\n<div class=\"t m264 xe hb y82 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">till O<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tob<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2022 B<span class=\"_ _4\"></span>exco NV w<span class=\"_ _4\"></span>as in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span>soli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s as an e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted in<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m265 xe hb y83 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">ves<span class=\"_ _4\"></span>tee. O<span class=\"_ _4\"></span>n Nove<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r 1<span class=\"_ _1\"></span>, 2022, t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up ac<span class=\"_ _4\"></span>quir<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>maini<span class=\"_ _4\"></span>ng 55.09% s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es of Be<span class=\"_ _4\"></span>xco NV a<span class=\"_ _4\"></span>nd si<span class=\"_ _4\"></span>nce in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>ded</div>\n<div class=\"t m8 xe hb y84 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">in f<span class=\"_ _4\"></span>ull in t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>nso<span class=\"_ _4\"></span>lida<span class=\"_ _4\"></span>ted \ufb01n<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>ial s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>teme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m266 xe hb y85 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">In ac<span class=\"_ _4\"></span>cor<span class=\"_ _4\"></span>danc<span class=\"_ _4\"></span>e wit<span class=\"_ _4\"></span>h IFRS 3 B<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>mbi<span class=\"_ _4\"></span>nati<span class=\"_ _4\"></span>ons, E<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>mar G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p rem<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d it<span class=\"_ _4\"></span>s pr<span class=\"_ _4\"></span>evio<span class=\"_ _4\"></span>usl<span class=\"_ _4\"></span>y hel<span class=\"_ _4\"></span>d 44.<span class=\"_ _1\"></span>91<span class=\"_ _1\"></span>% i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t at</div>\n<div class=\"t m267 xe hb y86 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">acq<span class=\"_ _4\"></span>uis<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n date f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue a<span class=\"_ _4\"></span>nd a gai<span class=\"_ _4\"></span>n of USD 3.<span class=\"_ _1\"></span>1 million w<span class=\"_ _4\"></span>as re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d in pr<span class=\"_ _4\"></span>o\ufb01t an<span class=\"_ _4\"></span>d los<span class=\"_ _4\"></span>s, net o<span class=\"_ _4\"></span>f a los<span class=\"_ _4\"></span>s of USD 0.8</div>\n<div class=\"t m268 xe hb y87 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">millio<span class=\"_ _4\"></span>n fr<span class=\"_ _4\"></span>om re<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>yclin<span class=\"_ _4\"></span>g the c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>y tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>lat<span class=\"_ _4\"></span>ion ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t (see N<span class=\"_ _4\"></span>ote 7 Gain o<span class=\"_ _4\"></span>n dis<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sa<span class=\"_ _4\"></span>l). The as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s acq<span class=\"_ _4\"></span>uir<span class=\"_ _4\"></span>ed an<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 xe hb y8c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es as<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>d were r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnize<span class=\"_ _4\"></span>d at 100<span class=\"_ _4\"></span>% of t<span class=\"_ _4\"></span>heir f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue an<span class=\"_ _4\"></span>d de<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>mine<span class=\"_ _4\"></span>d th<span class=\"_ _4\"></span>e bad<span class=\"_ _4\"></span>wil<span class=\"_ _4\"></span>l.</div>\n<div class=\"t m8 xe hb ycd ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e fair v<span class=\"_ _4\"></span>alu<span class=\"_ _4\"></span>e of the i<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>nti\ufb01a<span class=\"_ _4\"></span>ble a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es of Be<span class=\"_ _4\"></span>xco NV at a<span class=\"_ _4\"></span>cqu<span class=\"_ _4\"></span>isi<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n date c<span class=\"_ _4\"></span>an b<span class=\"_ _4\"></span>e det<span class=\"_ _4\"></span>ail<span class=\"_ _4\"></span>ed as f<span class=\"_ _4\"></span>ollow<span class=\"_ _4\"></span>s:</div>\n<div class=\"t m8 xe hd y2e0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _15b\"> </span>Fair value on acquisition date</div>\n<div class=\"t m8 xe hd y2e1 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Assets</div>\n<div class=\"t m8 xe hc y2e2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Property<span class=\"_ _2\"></span>, plant &amp; equipment\u2005<span class=\"_ _15c\"> </span>13,069</div>\n<div class=\"t m8 xe hc y2e3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Intangible assets<span class=\"_ _15d\"> </span>155</div>\n<div class=\"t m8 xe hc y2e4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Right-of-use assets<span class=\"_ _15e\"> </span>5,609</div>\n<div class=\"t m8 xe hc y2e5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Inventories<span class=\"_ _156\"> </span>11,389</div>\n<div class=\"t m8 xe hc y2e6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other r<span class=\"_ _3\"></span>eceivables<span class=\"_ _15f\"> </span>8,002</div>\n<div class=\"t m8 xe hc y2e7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash and cash equivalents<span class=\"_ _160\"> </span>532</div>\n<div class=\"t m8 x51 hd y2e8 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">38,756</div>\n<div class=\"t m8 xe hd y2e9 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Liabilities</div>\n<div class=\"t m8 xe hc y2ea ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-current borr<span class=\"_ _3\"></span>owings<span class=\"_ _161\"> </span>4,762</div>\n<div class=\"t m8 xe hc y2eb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Deferred tax liability<span class=\"_ _162\"> </span>2,869</div>\n<div class=\"t m8 xe hc y2ec ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Short-term borrowings<span class=\"_ _163\"> </span>2,922</div>\n<div class=\"t m8 xe hc y2ed ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other payables<span class=\"_ _109\"> </span>9,867</div>\n<div class=\"t m8 x51 hd y2ee ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">20,419</div>\n<div class=\"t m8 xe hd y2ef ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal identi\ufb01able net assets at fair value<span class=\"_ _13a\"> </span>18,337</div>\n<div class=\"t m8 x1b hc y2f0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fair value of previously held investment of 44.9%<span class=\"_ _164\"> </span>8,245</div>\n<div class=\"t m8 x1b hc y2f1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Consideration transferred for the additional 55.09% inter<span class=\"_ _3\"></span>est acquired<span class=\"_ _45\"> </span>9,701</div>\n<div class=\"t m8 xe hd y2f2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal consideration<span class=\"_ _15a\"> </span>17,945</div>\n<div class=\"t m8 xe hd y2f3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Badwill arising on acquisition<span class=\"_ _15c\"> </span>-392</div>\n<div class=\"t m269 xe hb y5e ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">The d<span class=\"_ _4\"></span>ete<span class=\"_ _4\"></span>rmi<span class=\"_ _4\"></span>nati<span class=\"_ _4\"></span>on of t<span class=\"_ _4\"></span>he fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>es of pr<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y, plant an<span class=\"_ _4\"></span>d eq<span class=\"_ _4\"></span>uip<span class=\"_ _4\"></span>ment w<span class=\"_ _4\"></span>as ba<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d on ex<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>rn<span class=\"_ _4\"></span>al valu<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m26a xe hb y5f ff1 fs9 fc2 sc0 ls17 wsb\" style=\"z-index: 15;\">Invent<span class=\"_ _4\"></span>ori<span class=\"_ _4\"></span>es we<span class=\"_ _4\"></span>re fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>ed b<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d on t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted s<span class=\"_ _4\"></span>ale<span class=\"_ _4\"></span>s pr<span class=\"_ _4\"></span>ice min<span class=\"_ _4\"></span>us es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d sell<span class=\"_ _4\"></span>ing co<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>. T<span class=\"_ _1\"></span>ra<span class=\"_ _4\"></span>de an<span class=\"_ _4\"></span>d oth<span class=\"_ _4\"></span>er</div>\n<div class=\"t m8 xe hb y60 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rec<span class=\"_ _4\"></span>eiv<span class=\"_ _4\"></span>able<span class=\"_ _4\"></span>s wer<span class=\"_ _4\"></span>e rec<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>ed at t<span class=\"_ _4\"></span>heir n<span class=\"_ _4\"></span>omi<span class=\"_ _4\"></span>nal val<span class=\"_ _4\"></span>ue as t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>ull con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ual am<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>re ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted t<span class=\"_ _4\"></span>o be co<span class=\"_ _4\"></span>llec<span class=\"_ _7\"></span>tib<span class=\"_ _4\"></span>le.</div>\n<div class=\"t m8 xe hb y74 ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">A mino<span class=\"_ _4\"></span>r bad<span class=\"_ _4\"></span>wil<span class=\"_ _4\"></span>l of USD 0.4 millio<span class=\"_ _4\"></span>n aro<span class=\"_ _4\"></span>se in t<span class=\"_ _4\"></span>he ac<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>sit<span class=\"_ _4\"></span>ion of B<span class=\"_ _4\"></span>exco an<span class=\"_ _4\"></span>d has b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n reco<span class=\"_ _4\"></span>rde<span class=\"_ _4\"></span>d dir<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ly in p<span class=\"_ _4\"></span>ro\ufb01t i<span class=\"_ _4\"></span>n the</div>\n<div class=\"t m8 xe hb y2f4 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ca<span class=\"_ _4\"></span>pti<span class=\"_ _4\"></span>on \u201cGain on d<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>pos<span class=\"_ _4\"></span>al\u201d (se<span class=\"_ _4\"></span>e Note 7 Gai<span class=\"_ _4\"></span>n on di<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>al).</div>\n<div class=\"t m8 xe hb y2f5 ff1 fs9 fc2 sc0 ls2 ws3b\" style=\"z-index: 15;\">From acquisition date, Bexco NV has contributed USD 7.3 million in revenue. Had this business combination been</div>\n<div class=\"t m8 xe hb y2f6 ff1 fs9 fc2 sc0 ls23 ws2d\" style=\"z-index: 15;\">effected at January 1, 2022, the revenue of the Group would have been USD 21.3 million higher.</div>\n<div class=\"t m0 xe h6 y208 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Sol<span class=\"_ _4\"></span>aia Sh<span class=\"_ _4\"></span>ipp<span class=\"_ _4\"></span>ing LLC</div>\n<div class=\"t m164 xe hb y79 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">On A<span class=\"_ _4\"></span>ugu<span class=\"_ _4\"></span>st 3<span class=\"_ _4\"></span>0, 2022, E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R sig<span class=\"_ _4\"></span>ned a<span class=\"_ _4\"></span>n agr<span class=\"_ _4\"></span>eem<span class=\"_ _4\"></span>ent w<span class=\"_ _4\"></span>ith SE<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span>PE<span class=\"_ _4\"></span>AK Ma<span class=\"_ _4\"></span>rit<span class=\"_ _4\"></span>ime H<span class=\"_ _4\"></span>old<span class=\"_ _4\"></span>co LLC, to i<span class=\"_ _4\"></span>ncre<span class=\"_ _4\"></span>ase i<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s own<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>shi<span class=\"_ _4\"></span>p</div>\n<div class=\"t m26b xe hb y66 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">sha<span class=\"_ _4\"></span>re in S<span class=\"_ _4\"></span>olaia S<span class=\"_ _4\"></span>hip<span class=\"_ _4\"></span>ping L<span class=\"_ _4\"></span>LC (\u201c<span class=\"_ _3\"></span>Sol<span class=\"_ _4\"></span>aia\u201d) fro<span class=\"_ _4\"></span>m 50% to 10<span class=\"_ _4\"></span>0%<span class=\"_ _4\"></span>. Solai<span class=\"_ _4\"></span>a is th<span class=\"_ _4\"></span>e own<span class=\"_ _4\"></span>er of t<span class=\"_ _4\"></span>he E<span class=\"_ _4\"></span>XCA<span class=\"_ _4\"></span>LIBUR L<span class=\"_ _4\"></span>NG c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>er<span class=\"_ _1\"></span>. O<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 xe hb y67 ff1 fs9 fc2 sc0 ls2 ws12\" style=\"z-index: 15;\">Se<span class=\"_ _4\"></span>ptem<span class=\"_ _4\"></span>ber 2<span class=\"_ _4\"></span>0, 2022, the t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on wa<span class=\"_ _4\"></span>s clo<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d and af<span class=\"_ _7\"></span>ter d<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y do<span class=\"_ _4\"></span>ck<span class=\"_ _4\"></span>, the E<span class=\"_ _4\"></span>XC<span class=\"_ _4\"></span>ALI<span class=\"_ _4\"></span>BUR wa<span class=\"_ _4\"></span>s conve<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d into a FSU. A<span class=\"_ _4\"></span>s</div>\n<div class=\"t m26c xe hb y68 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">fr<span class=\"_ _4\"></span>om Oc<span class=\"_ _7\"></span>tob<span class=\"_ _4\"></span>er 202<span class=\"_ _4\"></span>2, the E<span class=\"_ _4\"></span>XCA<span class=\"_ _4\"></span>LIBU<span class=\"_ _4\"></span>R is em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>d un<span class=\"_ _4\"></span>der a 10<span class=\"_ _4\"></span>-ye<span class=\"_ _4\"></span>ar cha<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r agr<span class=\"_ _4\"></span>eem<span class=\"_ _4\"></span>ent fo<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e Eni pro<span class=\"_ _4\"></span>jec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>. We also</div>\n<div class=\"t m8 xe hb y69 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">refer to Note 4 Divestitures for additional information on the transaction with Eni.</div>\n<div class=\"t m26d xe hb y6a ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">Thi<span class=\"_ _4\"></span>s tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion d<span class=\"_ _4\"></span>oes n<span class=\"_ _4\"></span>ot mee<span class=\"_ _4\"></span>t the d<span class=\"_ _4\"></span>e\ufb01ni<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of a \u201cbusi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s\u201d as sp<span class=\"_ _4\"></span>eci<span class=\"_ _4\"></span>\ufb01ed u<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r IFRS 3 an<span class=\"_ _4\"></span>d thu<span class=\"_ _4\"></span>s no ac<span class=\"_ _4\"></span>quis<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>on</div>\n<div class=\"t m256 xe hb y7b ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">met<span class=\"_ _4\"></span>hod o<span class=\"_ _4\"></span>f acco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ing c<span class=\"_ _4\"></span>an b<span class=\"_ _4\"></span>e app<span class=\"_ _4\"></span>lied<span class=\"_ _4\"></span>. Ins<span class=\"_ _4\"></span>tea<span class=\"_ _4\"></span>d, EX<span class=\"_ _4\"></span>MAR a<span class=\"_ _4\"></span>cqui<span class=\"_ _4\"></span>red t<span class=\"_ _4\"></span>he un<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>rly<span class=\"_ _4\"></span>ing \u201c<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>\u201d and co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uent<span class=\"_ _4\"></span>ly re<span class=\"_ _4\"></span>cord<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m26e xe hb y6b ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">ed t<span class=\"_ _4\"></span>he ad<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>iona<span class=\"_ _4\"></span>l 50% s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ake in th<span class=\"_ _4\"></span>e E<span class=\"_ _4\"></span>XCAL<span class=\"_ _4\"></span>IBUR at i<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>gre<span class=\"_ _4\"></span>ed pr<span class=\"_ _4\"></span>ice o<span class=\"_ _4\"></span>f USD 8.8 millio<span class=\"_ _4\"></span>n, net of de<span class=\"_ _4\"></span>bt. S<span class=\"_ _4\"></span>ee als<span class=\"_ _4\"></span>o Note</div>\n<div class=\"t m8 xe hb y6c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">1<span class=\"_ _1\"></span>4 Vess<span class=\"_ _4\"></span>els a<span class=\"_ _4\"></span>nd b<span class=\"_ _4\"></span>arge<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 162px; height: 977px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m0 xe h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 7 \u2013 G<span class=\"_ _3\"></span>AIN ON DIS<span class=\"_ _3\"></span>POS<span class=\"_ _1\"></span>AL</div>\n<div class=\"t m282 xe hb y7f ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">At year-<span class=\"_ _4\"></span>end 2<span class=\"_ _4\"></span>022, E<span class=\"_ _4\"></span>xma<span class=\"_ _4\"></span>r reali<span class=\"_ _4\"></span>zed a no<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>cur<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ing g<span class=\"_ _4\"></span>ain on d<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>pos<span class=\"_ _4\"></span>als o<span class=\"_ _4\"></span>f USD 3<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>.6 mill<span class=\"_ _4\"></span>ion w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h ca<span class=\"_ _4\"></span>n be d<span class=\"_ _4\"></span>eta<span class=\"_ _4\"></span>iled a<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb y43 ff1 fs9 fc2 sc0 ls18 wsd\" style=\"z-index: 15;\">follows:</div>\n<div class=\"t m8 xe hd y302 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y303 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gain on sale of shares of Export LNG<span class=\"_ _149\"> </span>315,654<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hc y304 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gain on derecognition Bexco NV<span class=\"_ _16d\"> </span>3,474<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hc y305 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other\u2005\u2005<span class=\"_ _16e\"> </span>515<span class=\"_ _1c\"> </span>52</div>\n<div class=\"t m8 xe hd y306 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gain on disposal<span class=\"_ _16f\"> </span>319,643<span class=\"_ _170\"> </span>52</div>\n<div class=\"t m283 xe hb y8c ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s a res<span class=\"_ _4\"></span>ult of t<span class=\"_ _4\"></span>he sa<span class=\"_ _4\"></span>le of th<span class=\"_ _4\"></span>e 1<span class=\"_ _3\"></span>0<span class=\"_ _4\"></span>0% s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s of E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>t LNG Lt<span class=\"_ _4\"></span>d.<span class=\"_ _3\"></span>, the o<span class=\"_ _4\"></span>wni<span class=\"_ _4\"></span>ng com<span class=\"_ _4\"></span>pany of t<span class=\"_ _4\"></span>he T<span class=\"_ _1\"></span>A<span class=\"_ _4\"></span>NGO FLN<span class=\"_ _4\"></span>G, in Aug<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>t</div>\n<div class=\"t m8 xe hb y88 ff1 fs9 fc2 sc0 ls2 ws3a\" style=\"z-index: 15;\">2022, E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR real<span class=\"_ _4\"></span>ized a n<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>-re<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>in<span class=\"_ _4\"></span>g gain of US<span class=\"_ _4\"></span>D 3<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>5.7 million. We re<span class=\"_ _4\"></span>fer to N<span class=\"_ _4\"></span>ote 4 Dive<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tit<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>s for ad<span class=\"_ _4\"></span>di<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>nal in<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 xe hb y89 ff1 fs9 fc2 sc0 ls18 wsd\" style=\"z-index: 15;\">for<span class=\"_ _4\"></span>mation.</div>\n<div class=\"t m8 xe hb y212 ff1 fs9 fc2 sc0 ls2 ws4e\" style=\"z-index: 15;\">On N<span class=\"_ _4\"></span>ovemb<span class=\"_ _4\"></span>er 1<span class=\"_ _1\"></span>, 2<span class=\"_ _4\"></span>022, E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R acq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d th<span class=\"_ _4\"></span>e rema<span class=\"_ _4\"></span>ining 55.0<span class=\"_ _4\"></span>9% s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s of Bexc<span class=\"_ _4\"></span>o NV for a c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of USD 9<span class=\"_ _1\"></span>.7</div>\n<div class=\"t m284 xe hb yd8 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">millio<span class=\"_ _4\"></span>n. Until t<span class=\"_ _4\"></span>hat d<span class=\"_ _4\"></span>ate, Bexco N<span class=\"_ _4\"></span>V was ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted f<span class=\"_ _4\"></span>or as a<span class=\"_ _4\"></span>n equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee an<span class=\"_ _4\"></span>d th<span class=\"_ _4\"></span>e der<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnit<span class=\"_ _4\"></span>ion t<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>eof</div>\n<div class=\"t m285 xe hb y8b ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">res<span class=\"_ _4\"></span>ulte<span class=\"_ _4\"></span>d in a n<span class=\"_ _4\"></span>et gain o<span class=\"_ _4\"></span>f USD 3.<span class=\"_ _1\"></span>1 million, i.e. af<span class=\"_ _4\"></span>ter r<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>ycli<span class=\"_ _4\"></span>ng a USD 0.8 mi<span class=\"_ _4\"></span>llion c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>lat<span class=\"_ _4\"></span>ion lo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s. Sin<span class=\"_ _4\"></span>ce ob<span class=\"_ _4\"></span>tai<span class=\"_ _4\"></span>n<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m23b xe hb y4a ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">ing co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ol fr<span class=\"_ _4\"></span>om Nove<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 2022 o<span class=\"_ _4\"></span>nwar<span class=\"_ _4\"></span>ds, B<span class=\"_ _4\"></span>exco is i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d in fu<span class=\"_ _4\"></span>ll in th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s con<span class=\"_ _4\"></span>soli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>ncial<span class=\"_ _4\"></span>s and t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m1a2 xe hb y4b ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ts a<span class=\"_ _4\"></span>cq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d and a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ed lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>ies w<span class=\"_ _4\"></span>ere re<span class=\"_ _4\"></span>cor<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue, res<span class=\"_ _4\"></span>ulti<span class=\"_ _4\"></span>ng in a b<span class=\"_ _4\"></span>adw<span class=\"_ _4\"></span>ill of USD 0.4 mi<span class=\"_ _4\"></span>llion. T<span class=\"_ _4\"></span>his</div>\n<div class=\"t m8 xe hb y4c ff1 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">bad<span class=\"_ _4\"></span>wil<span class=\"_ _4\"></span>l was d<span class=\"_ _4\"></span>irec<span class=\"_ _7\"></span>tly re<span class=\"_ _4\"></span>cor<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d in pr<span class=\"_ _4\"></span>o\ufb01t an<span class=\"_ _4\"></span>d inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ed w<span class=\"_ _4\"></span>ithi<span class=\"_ _4\"></span>n the c<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n Gain o<span class=\"_ _4\"></span>n dis<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sal. S<span class=\"_ _4\"></span>ee al<span class=\"_ _4\"></span>so Not<span class=\"_ _4\"></span>e 5 Bus<span class=\"_ _4\"></span>ines<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb y1e3 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">combinations<span class=\"_ _3\"></span> and other<span class=\"_ _3\"></span> share deal<span class=\"_ _3\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 773px; height: 366px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 xe h11 y67 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 9 \u2013 P<span class=\"_ _1\"></span>URCHASE OF GOOD<span class=\"_ _3\"></span>S</div>\n<div class=\"t m288 xe hb y69 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s fro<span class=\"_ _4\"></span>m Nove<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r 1<span class=\"_ _1\"></span>, 2022, E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s pu<span class=\"_ _4\"></span>rch<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>s of go<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>s whic<span class=\"_ _4\"></span>h re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>ts f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m the b<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>ines<span class=\"_ _4\"></span>s ac<span class=\"_ _7\"></span>tiv<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s of Bexc<span class=\"_ _4\"></span>o</div>\n<div class=\"t m8 xe hb y6a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">NV t<span class=\"_ _4\"></span>hat be<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ame a s<span class=\"_ _4\"></span>ubs<span class=\"_ _4\"></span>idia<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y of t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up as f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m tha<span class=\"_ _4\"></span>t date (s<span class=\"_ _4\"></span>ee Not<span class=\"_ _4\"></span>e 5 Bus<span class=\"_ _4\"></span>ines<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>inat<span class=\"_ _4\"></span>ions).</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 212px; height: 69px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag497": {
   "value": "Belgium",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag490": {
   "value": "\n<div class=\"t m0 x1 h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 6 \u2013 REVENUE</div>\n<div class=\"t m8 x1 hd y2f7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y2f8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Shipping segment<span class=\"_ _165\"> </span>51,936<span class=\"_ _1a\"> </span>36,414</div>\n<div class=\"t m8 x1 hc y2f9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Infrastructure segment - or<span class=\"_ _3\"></span>dinary revenue<span class=\"_ _d4\"> </span>78,152<span class=\"_ _1a\"> </span>32,710</div>\n<div class=\"t m8 x1 hc y2fa ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Infrastructure segment - settlement fees<span class=\"_ _166\"> </span>0<span class=\"_ _1a\"> </span>56,840</div>\n<div class=\"t m8 x1 hc y2fb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Supporting services segment - ordinary r<span class=\"_ _3\"></span>evenue<span class=\"_ _167\"> </span>25,517<span class=\"_ _1a\"> </span>21,768</div>\n<div class=\"t m8 x1 hc y20b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Supporting services segment - settlement fees<span class=\"_ _168\"> </span>0<span class=\"_ _25\"> </span>497</div>\n<div class=\"t m8 x1 hd y2fc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Revenue<span class=\"_ _169\"> </span>155,604<span class=\"_ _d\"> </span>148,229</div>\n<div class=\"t md8 x1 hb y87 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e in tot<span class=\"_ _4\"></span>al reve<span class=\"_ _4\"></span>nue a<span class=\"_ _4\"></span>t the <span class=\"ff2 ls31 ws3e\">Shipping</span> se<span class=\"_ _4\"></span>gme<span class=\"_ _4\"></span>nt is ma<span class=\"_ _4\"></span>inly a r<span class=\"_ _4\"></span>esu<span class=\"_ _4\"></span>lt of th<span class=\"_ _4\"></span>e new c<span class=\"_ _4\"></span>har<span class=\"_ _7\"></span>ter ag<span class=\"_ _4\"></span>ree<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s for t<span class=\"_ _4\"></span>he t<span class=\"_ _4\"></span>wo</div>\n<div class=\"t m26f x1 hb y8c ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">new b<span class=\"_ _4\"></span>uild V<span class=\"_ _4\"></span>LGC\u2019<span class=\"_ _1\"></span>s<span class=\"_ _4\"></span>, FL<span class=\"_ _4\"></span>AN<span class=\"_ _4\"></span>DERS INN<span class=\"_ _4\"></span>OV<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>T<span class=\"_ _4\"></span>ION (si<span class=\"_ _4\"></span>nce mi<span class=\"_ _4\"></span>d-<span class=\"_ _4\"></span>Au<span class=\"_ _4\"></span>gus<span class=\"_ _4\"></span>t 2021<span class=\"_ _1\"></span>) a<span class=\"_ _4\"></span>nd FL<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span>NDERS PI<span class=\"_ _4\"></span>ONEER (sin<span class=\"_ _4\"></span>ce Nove<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r</div>\n<div class=\"t m8 x1 hb y88 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2021<span class=\"_ _1\"></span>) in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d for a f<span class=\"_ _4\"></span>ull year i<span class=\"_ _4\"></span>n 2022 a<span class=\"_ _4\"></span>nd hig<span class=\"_ _4\"></span>her ti<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r ra<span class=\"_ _4\"></span>tes fo<span class=\"_ _4\"></span>r the p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>uri<span class=\"_ _4\"></span>zed \ufb02e<span class=\"_ _4\"></span>et.</div>\n<div class=\"t m270 x1 hb y8a ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Or<span class=\"_ _4\"></span>dina<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y reve<span class=\"_ _4\"></span>nue at t<span class=\"_ _4\"></span>he <span class=\"ff2 ls31 ws3e\">Infra<span class=\"_ _4\"></span>struc<span class=\"_ _4\"></span>ture</span> se<span class=\"_ _4\"></span>gme<span class=\"_ _4\"></span>nt inc<span class=\"_ _4\"></span>rea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>ant<span class=\"_ _4\"></span>ly in 202<span class=\"_ _4\"></span>2 as a re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>t the e<span class=\"_ _4\"></span>mpl<span class=\"_ _4\"></span>oym<span class=\"_ _4\"></span>ent of t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m8 x1 hb yd8 ff1 fs9 fc2 sc0 ls2 ws2c\" style=\"z-index: 15;\">FRSU EEMSHAVEN LNG, p<span class=\"_ _4\"></span>revio<span class=\"_ _4\"></span>usl<span class=\"_ _4\"></span>y nam<span class=\"_ _4\"></span>ed FSRU S1<span class=\"_ _1\"></span>88, (<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ng hire i<span class=\"_ _4\"></span>nco<span class=\"_ _4\"></span>me as we<span class=\"_ _4\"></span>ll as in<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e fro<span class=\"_ _4\"></span>m rec<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>ged</div>\n<div class=\"t m271 x1 hb y8b ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">var<span class=\"_ _4\"></span>iat<span class=\"_ _4\"></span>ion or<span class=\"_ _4\"></span>der<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e mob<span class=\"_ _4\"></span>ilis<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n fee<span class=\"_ _4\"></span>s sin<span class=\"_ _4\"></span>ce mid Au<span class=\"_ _4\"></span>gus<span class=\"_ _4\"></span>t 202<span class=\"_ _4\"></span>2), higher li<span class=\"_ _4\"></span>cens<span class=\"_ _4\"></span>e an<span class=\"_ _4\"></span>d engi<span class=\"_ _4\"></span>nee<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ng reve<span class=\"_ _4\"></span>nue f<span class=\"_ _4\"></span>rom</div>\n<div class=\"t mb3 x1 hb y4a ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">dif<span class=\"_ _7\"></span>fere<span class=\"_ _4\"></span>nt pr<span class=\"_ _4\"></span>ojec<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>s and t<span class=\"_ _4\"></span>he em<span class=\"_ _4\"></span>ploy<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e EXC<span class=\"_ _4\"></span>ALI<span class=\"_ _4\"></span>BUR, n<span class=\"_ _4\"></span>ow ow<span class=\"_ _4\"></span>ned fo<span class=\"_ _4\"></span>r 1<span class=\"_ _3\"></span>0<span class=\"_ _4\"></span>0%, a<span class=\"_ _4\"></span>s fro<span class=\"_ _4\"></span>m th<span class=\"_ _4\"></span>e four<span class=\"_ _7\"></span>th q<span class=\"_ _4\"></span>uar<span class=\"_ _7\"></span>ter of 2<span class=\"_ _4\"></span>022.</div>\n<div class=\"t m272 x1 hb y4b ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">In 2021<span class=\"_ _1\"></span>, Gu<span class=\"_ _4\"></span>nvor c<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>elle<span class=\"_ _4\"></span>d th<span class=\"_ _4\"></span>e cha<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ter a<span class=\"_ _4\"></span>gre<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt of t<span class=\"_ _4\"></span>he FSRU S1<span class=\"_ _1\"></span>88 a<span class=\"_ _4\"></span>nd pai<span class=\"_ _4\"></span>d an ea<span class=\"_ _4\"></span>rly t<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>mina<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n fee of US<span class=\"_ _4\"></span>D 56.8</div>\n<div class=\"t m8 x1 hb y4c ff1 fs9 fc2 sc0 ls23 ws2d\" style=\"z-index: 15;\">million.</div>\n<div class=\"t m273 x1 hb y4e ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e in reve<span class=\"_ _4\"></span>nue at t<span class=\"_ _4\"></span>he <span class=\"ff2 ls35 wsd\">Suppor<span class=\"_ _4\"></span>ting services</span> is t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>mbi<span class=\"_ _4\"></span>ned e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>t of Bexc<span class=\"_ _4\"></span>o NV en<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>ing in<span class=\"_ _4\"></span>to th<span class=\"_ _4\"></span>e cons<span class=\"_ _4\"></span>ol<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m274 x1 hb y72 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">ida<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n sco<span class=\"_ _4\"></span>pe of t<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup s<span class=\"_ _4\"></span>ince N<span class=\"_ _4\"></span>ovem<span class=\"_ _4\"></span>ber 2<span class=\"_ _4\"></span>022 (con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of USD 7<span class=\"_ _2\"></span>.<span class=\"_ _4\"></span>3 millio<span class=\"_ _4\"></span>n)<span class=\"_ _1\"></span>, s<span class=\"_ _4\"></span>ee N<span class=\"_ _4\"></span>ote 5 bu<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s com<span class=\"_ _4\"></span>bin<span class=\"_ _4\"></span>a<span class=\"ws2\">-</span></div>\n<div class=\"t m275 x1 hb y4f ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">tio<span class=\"_ _4\"></span>ns, hig<span class=\"_ _4\"></span>her re<span class=\"_ _4\"></span>venu<span class=\"_ _4\"></span>e at T<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>avel Plus a<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>ter t<span class=\"_ _4\"></span>he cov<span class=\"_ _4\"></span>id pa<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>emic, of<span class=\"_ _7\"></span>f<span class=\"_ _4\"></span>set by l<span class=\"_ _4\"></span>ower s<span class=\"_ _4\"></span>hip ma<span class=\"_ _4\"></span>nag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt reve<span class=\"_ _4\"></span>nue d<span class=\"_ _4\"></span>ue to le<span class=\"_ _4\"></span>ss</div>\n<div class=\"t m8 x1 hb y50 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">vessels under management.</div>\n<div class=\"t m276 x1 hb y52 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Reven<span class=\"_ _4\"></span>ue wh<span class=\"_ _4\"></span>ich f<span class=\"_ _4\"></span>alls w<span class=\"_ _4\"></span>ith<span class=\"_ _4\"></span>in th<span class=\"_ _4\"></span>e sco<span class=\"_ _4\"></span>pe of I<span class=\"_ _4\"></span>FRS 1<span class=\"_ _1\"></span>6 Le<span class=\"_ _4\"></span>asi<span class=\"_ _4\"></span>ng rep<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>ted 4<span class=\"_ _4\"></span>3.0% (2021<span class=\"_ _1\"></span>: 46<span class=\"_ _4\"></span>.<span class=\"_ _2\"></span>1%<span class=\"_ _1\"></span>) o<span class=\"_ _4\"></span>f tota<span class=\"_ _4\"></span>l reven<span class=\"_ _4\"></span>ue an<span class=\"_ _4\"></span>d is</div>\n<div class=\"t m277 x1 hb y53 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">mainl<span class=\"_ _4\"></span>y sit<span class=\"_ _4\"></span>uate<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he Shi<span class=\"_ _4\"></span>ppi<span class=\"_ _4\"></span>ng se<span class=\"_ _4\"></span>gme<span class=\"_ _4\"></span>nt. Reve<span class=\"_ _4\"></span>nue w<span class=\"_ _4\"></span>hich f<span class=\"_ _4\"></span>all<span class=\"_ _4\"></span>s wit<span class=\"_ _4\"></span>hin th<span class=\"_ _4\"></span>e sco<span class=\"_ _4\"></span>pe of IFR<span class=\"_ _4\"></span>S 1<span class=\"_ _1\"></span>5 Reve<span class=\"_ _4\"></span>nue f<span class=\"_ _4\"></span>rom c<span class=\"_ _4\"></span>ontr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>s</div>\n<div class=\"t m18c x1 hb y54 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">wit<span class=\"_ _4\"></span>h cu<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ome<span class=\"_ _4\"></span>rs r<span class=\"_ _4\"></span>epr<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>ente<span class=\"_ _4\"></span>d 57<span class=\"_ _2\"></span>.0% (2021<span class=\"_ _1\"></span>: 53.<span class=\"_ _3\"></span>9%) of tot<span class=\"_ _4\"></span>al reve<span class=\"_ _4\"></span>nue an<span class=\"_ _4\"></span>d is mai<span class=\"_ _4\"></span>nly si<span class=\"_ _4\"></span>tua<span class=\"_ _4\"></span>ted in t<span class=\"_ _4\"></span>he In<span class=\"_ _4\"></span>fr<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _7\"></span>tur<span class=\"_ _4\"></span>e and</div>\n<div class=\"t m8 x1 hb y73 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">Suppor<span class=\"_ _4\"></span>ting ser<span class=\"_ _4\"></span>vices segment. The percentages men<span class=\"_ _3\"></span>tioned are<span class=\"_ _3\"></span> calculated ex<span class=\"_ _1\"></span>cluding set<span class=\"_ _4\"></span>tlement fees.<span class=\"_ _3\"></span> </div>\n<div class=\"t m278 x1 hb y56 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15; word-spacing: 1px;\">Majo<span class=\"_ _4\"></span>r ship<span class=\"_ _4\"></span>pin<span class=\"_ _4\"></span>g clie<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s Equin<span class=\"_ _4\"></span>or (ex-Stato<span class=\"_ _4\"></span>il) an<span class=\"_ _4\"></span>d Nip<span class=\"_ _4\"></span>pon G<span class=\"_ _4\"></span>as Li<span class=\"_ _4\"></span>ne Co re<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nted 5<span class=\"_ _4\"></span>3.6<span class=\"_ _1\"></span><span class=\"_ _1\"></span>% (2021<span class=\"_ _1\"></span>: 28.2%) an<span class=\"_ _4\"></span>d 21<span class=\"_ _1\"></span>.2<span class=\"_ _4\"></span>%</div>\n<div class=\"t m279 x1 hb y57 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15; word-spacing: 1px;\">(2021<span class=\"_ _1\"></span>: 29<span class=\"_ _1\"></span>.0%) re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ively o<span class=\"_ _4\"></span>f the re<span class=\"_ _4\"></span>venu<span class=\"_ _4\"></span>e of the S<span class=\"_ _4\"></span>hip<span class=\"_ _4\"></span>ping s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t. Bot<span class=\"_ _4\"></span>h clie<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>ted 1<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.9% (2021<span class=\"_ _1\"></span>: 1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.3%)</div>\n<div class=\"t m27a x1 hb y58 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15; word-spacing: 1px;\">and 7<span class=\"_ _1\"></span>.1<span class=\"_ _3\"></span>% (2021<span class=\"_ _1\"></span>: 1<span class=\"_ _2\"></span>1.6<span class=\"_ _1\"></span>%) res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tive<span class=\"_ _4\"></span>ly to t<span class=\"_ _4\"></span>he E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R Gro<span class=\"_ _4\"></span>up reve<span class=\"_ _4\"></span>nue in 2<span class=\"_ _4\"></span>022. Gas<span class=\"_ _4\"></span>unie an<span class=\"_ _4\"></span>d Hy<span class=\"_ _4\"></span>und<span class=\"_ _4\"></span>ai Heav<span class=\"_ _4\"></span>y I<span class=\"_ _4\"></span>ndu<span class=\"_ _4\"></span>s<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m27b x1 hb y59 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">tr<span class=\"_ _4\"></span>ies Kor<span class=\"_ _4\"></span>ea rep<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>ed 28.4% (2021<span class=\"_ _1\"></span>: 0.0%) and 1<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>.6% (2021<span class=\"_ _1\"></span>: 6.<span class=\"_ _2\"></span>1%<span class=\"_ _1\"></span>) of t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>venue o<span class=\"_ _4\"></span>f the I<span class=\"_ _4\"></span>nfr<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _7\"></span>tur<span class=\"_ _4\"></span>e se<span class=\"_ _4\"></span>gme<span class=\"_ _4\"></span>nt.</div>\n<div class=\"t m8 x1 hb y5a ff1 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">Bot<span class=\"_ _4\"></span>h clie<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s rep<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>ted 1<span class=\"_ _1\"></span>4.<span class=\"_ _4\"></span>2% (2<span class=\"_ _4\"></span>021<span class=\"_ _1\"></span>: 0.0%) and 9<span class=\"_ _1\"></span>.8% (2<span class=\"_ _4\"></span>021<span class=\"_ _1\"></span>: 2.2%) of th<span class=\"_ _4\"></span>e EX<span class=\"_ _4\"></span>MA<span class=\"_ _4\"></span>R Grou<span class=\"_ _4\"></span>p reve<span class=\"_ _4\"></span>nue in 20<span class=\"_ _4\"></span>22. In 2021<span class=\"_ _1\"></span>,</div>\n<div class=\"t m27c x1 hb y5b ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Gunvo<span class=\"_ _4\"></span>r con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>ted 32.<span class=\"_ _1\"></span>9<span class=\"_ _4\"></span>% of th<span class=\"_ _4\"></span>e reve<span class=\"_ _4\"></span>nue of t<span class=\"_ _4\"></span>he Inf<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _7\"></span>tur<span class=\"_ _4\"></span>e se<span class=\"_ _4\"></span>gme<span class=\"_ _4\"></span>nt an<span class=\"_ _4\"></span>d 1<span class=\"_ _2\"></span>1.8% of the E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR Gr<span class=\"_ _4\"></span>oup r<span class=\"_ _4\"></span>even<span class=\"_ _4\"></span>ue,</div>\n<div class=\"t m27d x1 hb y5c ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ed to 0<span class=\"_ _4\"></span>% in 2022. T<span class=\"_ _4\"></span>he pe<span class=\"_ _4\"></span>rce<span class=\"_ _4\"></span>nta<span class=\"_ _4\"></span>ges m<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>ione<span class=\"_ _4\"></span>d are a<span class=\"_ _4\"></span>lso c<span class=\"_ _4\"></span>alc<span class=\"_ _4\"></span>ulat<span class=\"_ _4\"></span>ed excl<span class=\"_ _4\"></span>udi<span class=\"_ _4\"></span>ng se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>tle<span class=\"_ _4\"></span>ment f<span class=\"_ _4\"></span>ees<span class=\"_ _4\"></span>. No ot<span class=\"_ _4\"></span>her c<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">tom<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s rep<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ent m<span class=\"_ _4\"></span>ore t<span class=\"_ _4\"></span>han 10.0% of t<span class=\"_ _4\"></span>he E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R Gro<span class=\"_ _4\"></span>up reve<span class=\"_ _4\"></span>nue i<span class=\"_ _4\"></span>n 2022.</div>\n<div class=\"t m8 x1 hd y2fd ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y2fe ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade r<span class=\"_ _3\"></span>eceivables, included in trade and other receivables (curr<span class=\"_ _1\"></span>ent + non-current)<span class=\"_ _16a\"> </span>39,344<span class=\"_ _1a\"> </span>43,987</div>\n<div class=\"t m8 x1 hc y2ff ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Contract assets, included in trade and other receivables<span class=\"_ _110\"> </span>7,743<span class=\"_ _27\"> </span>2,839</div>\n<div class=\"t m8 x1 hc y300 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Contract liabilities, included in trade and other payables<span class=\"_ _16b\"> </span>11,056<span class=\"_ _15\"> </span>6,479</div>\n<div class=\"t m8 x1 hd y301 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Contract balances<span class=\"_ _16c\"> </span>58,143<span class=\"_ _54\"> </span>53,305</div>\n<div class=\"t m27e x1 hb yac ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e dec<span class=\"_ _4\"></span>rea<span class=\"_ _4\"></span>se in t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>de a<span class=\"_ _4\"></span>nd ot<span class=\"_ _4\"></span>her re<span class=\"_ _4\"></span>cei<span class=\"_ _4\"></span>vab<span class=\"_ _4\"></span>les i<span class=\"_ _4\"></span>n 2022 is p<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>mar<span class=\"_ _4\"></span>ily t<span class=\"_ _4\"></span>he res<span class=\"_ _4\"></span>ult o<span class=\"_ _4\"></span>f the r<span class=\"_ _4\"></span>ecei<span class=\"_ _4\"></span>pt of th<span class=\"_ _4\"></span>e rem<span class=\"_ _4\"></span>ainin<span class=\"_ _4\"></span>g YPF s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>tle<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m27f x1 hb yad ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t fee (<span class=\"_ _4\"></span>USD 24.4 million) in ac<span class=\"_ _4\"></span>cor<span class=\"_ _4\"></span>dan<span class=\"_ _4\"></span>ce wi<span class=\"_ _4\"></span>th t<span class=\"_ _4\"></span>he agr<span class=\"_ _4\"></span>eed p<span class=\"_ _4\"></span>aym<span class=\"_ _4\"></span>ent s<span class=\"_ _4\"></span>ch<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ule, par<span class=\"_ _7\"></span>tiall<span class=\"_ _4\"></span>y of<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t by Bexco N<span class=\"_ _4\"></span>V ent<span class=\"_ _4\"></span>eri<span class=\"_ _4\"></span>ng</div>\n<div class=\"t m50 x1 hb yc8 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">into t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>olid<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n sc<span class=\"_ _4\"></span>ope a<span class=\"_ _4\"></span>nd re<span class=\"_ _4\"></span>cei<span class=\"_ _4\"></span>vab<span class=\"_ _4\"></span>les r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>d to t<span class=\"_ _4\"></span>he new (2<span class=\"_ _4\"></span>022) ch<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>er an<span class=\"_ _4\"></span>d/or ser<span class=\"_ _7\"></span>vic<span class=\"_ _4\"></span>e agre<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 x1 hb yae ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">to EEMSHAVEN LNG, T<span class=\"_ _1\"></span>A<span class=\"_ _4\"></span>NGO FLN<span class=\"_ _4\"></span>G and E<span class=\"_ _4\"></span>XC<span class=\"_ _4\"></span>ALIB<span class=\"_ _4\"></span>UR.</div>\n<div class=\"t m280 x1 hb yaf ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s main<span class=\"_ _4\"></span>ly rel<span class=\"_ _4\"></span>ate to t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up\u2019<span class=\"_ _1\"></span>s r<span class=\"_ _4\"></span>ight<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>o con<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n for w<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>k com<span class=\"_ _4\"></span>ple<span class=\"_ _4\"></span>ted b<span class=\"_ _4\"></span>ut no<span class=\"_ _4\"></span>t bille<span class=\"_ _4\"></span>d at t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m8 x1 hb yb0 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">repor<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing date<span class=\"_ _1\"></span>. The contr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t asset<span class=\"_ _4\"></span>s are trans<span class=\"_ _4\"></span>ferred to receivables when the r<span class=\"_ _4\"></span>ights become uncon<span class=\"_ _4\"></span>ditional.</div>\n<div class=\"t mc1 x1 hb yb1 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>ies p<span class=\"_ _4\"></span>rim<span class=\"_ _4\"></span>ari<span class=\"_ _4\"></span>ly rel<span class=\"_ _4\"></span>ate to invoi<span class=\"_ _4\"></span>ces is<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ued i<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t of ves<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>el in<span class=\"_ _4\"></span>come (<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>epa<span class=\"_ _4\"></span>id hire) an<span class=\"_ _4\"></span>d ad<span class=\"_ _4\"></span>van<span class=\"_ _4\"></span>ces</div>\n<div class=\"t m8 x1 hb yb2 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">charged for pl<span class=\"_ _3\"></span>anned ser<span class=\"_ _4\"></span>vices.</div>\n<div class=\"t m281 x1 hb yb3 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">The i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e in con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s and c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rac<span class=\"_ _7\"></span>t liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es mai<span class=\"_ _4\"></span>nly res<span class=\"_ _4\"></span>ult<span class=\"_ _4\"></span>s f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s deli<span class=\"_ _4\"></span>vere<span class=\"_ _4\"></span>d/t<span class=\"_ _4\"></span>o be de<span class=\"_ _4\"></span>liver<span class=\"_ _4\"></span>ed to</div>\n<div class=\"t m8 x1 hb yb4 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e thre<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s ment<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>ed ab<span class=\"_ _4\"></span>ove.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 179px; height: 960px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag500": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 xe h11 y54 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 8 - VES<span class=\"_ _1\"></span>SEL E<span class=\"_ _4\"></span>XPE<span class=\"_ _3\"></span>NSES</div>\n<div class=\"t m8 xe hd y307 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y308 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>essel expenses crew<span class=\"_ _124\"> </span>-28,287<span class=\"_ _44\"> </span>-23,850</div>\n<div class=\"t m8 xe hc y309 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>essel expenses maintenance<span class=\"_ _135\"> </span>-23,931<span class=\"_ _44\"> </span>-14,136</div>\n<div class=\"t m8 xe hc y30a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>essel expenses insurance<span class=\"_ _33\"> </span>-2,759<span class=\"_ _144\"> </span>-2,693</div>\n<div class=\"t m8 xe hc y30b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>essel expenses other<span class=\"_ _5f\"> </span>-5,144<span class=\"_ _46\"> </span>-4,389</div>\n<div class=\"t m8 xe hd y30c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>essel expenses<span class=\"_ _171\"> </span>-60,121<span class=\"_ _52\"> </span>-45,068</div>\n<div class=\"t m286 xe hb ya4 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Vess<span class=\"_ _4\"></span>el ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>s are ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es ma<span class=\"_ _4\"></span>de to o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>ate a v<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>sel a<span class=\"_ _4\"></span>nd in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>de pr<span class=\"_ _4\"></span>im<span class=\"_ _4\"></span>aril<span class=\"_ _4\"></span>y cre<span class=\"_ _4\"></span>w<span class=\"_ _1\"></span>, m<span class=\"_ _4\"></span>ainte<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>ce, insu<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nce an<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 xe hb ya5 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">oth<span class=\"_ _4\"></span>er rel<span class=\"_ _4\"></span>ated e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>.</div>\n<div class=\"t m287 xe hb ya6 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e signi<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>ant in<span class=\"_ _4\"></span>cre<span class=\"_ _4\"></span>ase i<span class=\"_ _4\"></span>n the ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>el ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es is m<span class=\"_ _4\"></span>ainly a r<span class=\"_ _4\"></span>esu<span class=\"_ _4\"></span>lt of t<span class=\"_ _4\"></span>he cha<span class=\"_ _4\"></span>nge f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m lay-<span class=\"_ _4\"></span>up s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>tus t<span class=\"_ _4\"></span>o st<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>t-u<span class=\"_ _4\"></span>p and</div>\n<div class=\"t m230 xe hb ya7 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>mer<span class=\"_ _4\"></span>cial o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s of the EEMSH<span class=\"_ _4\"></span>A<span class=\"_ _3\"></span>VEN LN<span class=\"_ _4\"></span>G sinc<span class=\"_ _4\"></span>e th<span class=\"_ _4\"></span>e sum<span class=\"_ _4\"></span>mer of 2<span class=\"_ _4\"></span>022 an<span class=\"_ _4\"></span>d the f<span class=\"_ _4\"></span>ull yea<span class=\"_ _4\"></span>r emp<span class=\"_ _4\"></span>loy<span class=\"_ _4\"></span>ment i<span class=\"_ _4\"></span>n 2022</div>\n<div class=\"t m8 xe hb yc6 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e t<span class=\"_ _4\"></span>wo new V<span class=\"_ _4\"></span>LGC\u2019s: FL<span class=\"_ _4\"></span>ANDER<span class=\"_ _4\"></span>S INNOVA<span class=\"_ _1\"></span>TION an<span class=\"_ _4\"></span>d FL<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span>NDERS PIO<span class=\"_ _4\"></span>NEER.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 410px; height: 251px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 410px; height: 251px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "exmar:DisclosureOfVesselExpensesExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag491": {
   "value": "\n<div class=\"t m0 xe h11 y54 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 8 - VES<span class=\"_ _1\"></span>SEL E<span class=\"_ _4\"></span>XPE<span class=\"_ _3\"></span>NSES</div>\n<div class=\"t m8 xe hd y307 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y308 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>essel expenses crew<span class=\"_ _124\"> </span>-28,287<span class=\"_ _44\"> </span>-23,850</div>\n<div class=\"t m8 xe hc y309 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>essel expenses maintenance<span class=\"_ _135\"> </span>-23,931<span class=\"_ _44\"> </span>-14,136</div>\n<div class=\"t m8 xe hc y30a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>essel expenses insurance<span class=\"_ _33\"> </span>-2,759<span class=\"_ _144\"> </span>-2,693</div>\n<div class=\"t m8 xe hc y30b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>essel expenses other<span class=\"_ _5f\"> </span>-5,144<span class=\"_ _46\"> </span>-4,389</div>\n<div class=\"t m8 xe hd y30c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>essel expenses<span class=\"_ _171\"> </span>-60,121<span class=\"_ _52\"> </span>-45,068</div>\n<div class=\"t m286 xe hb ya4 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Vess<span class=\"_ _4\"></span>el ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>s are ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es ma<span class=\"_ _4\"></span>de to o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>ate a v<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>sel a<span class=\"_ _4\"></span>nd in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>de pr<span class=\"_ _4\"></span>im<span class=\"_ _4\"></span>aril<span class=\"_ _4\"></span>y cre<span class=\"_ _4\"></span>w<span class=\"_ _1\"></span>, m<span class=\"_ _4\"></span>ainte<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>ce, insu<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nce an<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 xe hb ya5 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">oth<span class=\"_ _4\"></span>er rel<span class=\"_ _4\"></span>ated e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>.</div>\n<div class=\"t m287 xe hb ya6 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e signi<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>ant in<span class=\"_ _4\"></span>cre<span class=\"_ _4\"></span>ase i<span class=\"_ _4\"></span>n the ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>el ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es is m<span class=\"_ _4\"></span>ainly a r<span class=\"_ _4\"></span>esu<span class=\"_ _4\"></span>lt of t<span class=\"_ _4\"></span>he cha<span class=\"_ _4\"></span>nge f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m lay-<span class=\"_ _4\"></span>up s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>tus t<span class=\"_ _4\"></span>o st<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>t-u<span class=\"_ _4\"></span>p and</div>\n<div class=\"t m230 xe hb ya7 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>mer<span class=\"_ _4\"></span>cial o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s of the EEMSH<span class=\"_ _4\"></span>A<span class=\"_ _3\"></span>VEN LN<span class=\"_ _4\"></span>G sinc<span class=\"_ _4\"></span>e th<span class=\"_ _4\"></span>e sum<span class=\"_ _4\"></span>mer of 2<span class=\"_ _4\"></span>022 an<span class=\"_ _4\"></span>d the f<span class=\"_ _4\"></span>ull yea<span class=\"_ _4\"></span>r emp<span class=\"_ _4\"></span>loy<span class=\"_ _4\"></span>ment i<span class=\"_ _4\"></span>n 2022</div>\n<div class=\"t m8 xe hb yc6 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e t<span class=\"_ _4\"></span>wo new V<span class=\"_ _4\"></span>LGC\u2019s: FL<span class=\"_ _4\"></span>ANDER<span class=\"_ _4\"></span>S INNOVA<span class=\"_ _1\"></span>TION an<span class=\"_ _4\"></span>d FL<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span>NDERS PIO<span class=\"_ _4\"></span>NEER.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 410px; height: 251px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x1 h11 y30d ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 1<span class=\"_ _2\"></span>0 - GENER<span class=\"_ _4\"></span>AL AND ADMINISTR<span class=\"_ _4\"></span>A<span class=\"_ _2\"></span>TIVE E<span class=\"_ _4\"></span>XPEN<span class=\"_ _3\"></span>SES</div>\n<div class=\"t m8 x1 hd y30e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y30f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Administrative expenses<span class=\"_ _172\"> </span>-33,393<span class=\"_ _44\"> </span>-22,637</div>\n<div class=\"t m8 x1f hc y310 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Of\ufb01ce expenses<span class=\"_ _16c\"> </span>-1,386<span class=\"_ _46\"> </span>-2,438</div>\n<div class=\"t m8 x1f hc y311 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ravel expenses<span class=\"_ _173\"> </span>-2,488<span class=\"_ _46\"> </span>-2,085</div>\n<div class=\"t m8 x1f hc y312 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">IT &amp; communication expenses<span class=\"_ _b3\"> </span>-2,409<span class=\"_ _144\"> </span>-2,073</div>\n<div class=\"t m8 x1f hc y313 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fees<span class=\"_ _174\"> </span>-15,739<span class=\"_ _46\"> </span>-7,730</div>\n<div class=\"t m8 x1f hc y314 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other fees<span class=\"_ _6d\"> </span>-10,579<span class=\"_ _144\"> </span>-7,693</div>\n<div class=\"t m8 x1f hc y315 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Insurance<span class=\"_ _175\"> </span>-793<span class=\"_ _4c\"> </span>-619</div>\n<div class=\"t m8 x1 hc y316 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Freight char<span class=\"_ _3\"></span>ges<span class=\"_ _176\"> </span>-1,740<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 x1 hc y317 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-income based taxes<span class=\"_ _177\"> </span>-2,844<span class=\"_ _46\"> </span>-1,256</div>\n<div class=\"t m8 x1 hc y318 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other expenses<span class=\"_ _6d\"> </span>-1,316<span class=\"_ _4c\"> </span>-643</div>\n<div class=\"t m8 x1 hd y319 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">General and administrative expenses<span class=\"_ _178\"> </span>-39,293<span class=\"_ _52\"> </span>-24,536</div>\n<div class=\"t m1c4 x1 hb y31a ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Du<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g 2022, fee<span class=\"_ _4\"></span>s inc<span class=\"_ _4\"></span>rea<span class=\"_ _4\"></span>sed a<span class=\"_ _4\"></span>s a res<span class=\"_ _4\"></span>ult of s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ci\ufb01<span class=\"_ _4\"></span>c proj<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t w<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>k for Eni i<span class=\"_ _4\"></span>n relat<span class=\"_ _4\"></span>ion t<span class=\"_ _4\"></span>o the o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>bilit<span class=\"_ _7\"></span>y of th<span class=\"_ _4\"></span>e T<span class=\"_ _1\"></span>ANGO</div>\n<div class=\"t m8 x1 hb y31b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">FLNG a<span class=\"_ _4\"></span>nd hig<span class=\"_ _4\"></span>her e<span class=\"_ _4\"></span>ngin<span class=\"_ _4\"></span>eer<span class=\"_ _4\"></span>in<span class=\"_ _4\"></span>g fees<span class=\"_ _4\"></span>, pr<span class=\"_ _4\"></span>imar<span class=\"_ _4\"></span>ily i<span class=\"_ _4\"></span>n con<span class=\"_ _4\"></span>nec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion w<span class=\"_ _4\"></span>ith t<span class=\"_ _4\"></span>he S<span class=\"_ _4\"></span>hen<span class=\"_ _4\"></span>and<span class=\"_ _4\"></span>oah p<span class=\"_ _4\"></span>roje<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t.</div>\n<div class=\"t me4 x1 hb y31c ff1 fs9 fc2 sc0 ls16 wsf\" style=\"z-index: 15;\">O<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r fee<span class=\"_ _4\"></span>s, main<span class=\"_ _4\"></span>ly dir<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>r and m<span class=\"_ _4\"></span>anag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt co<span class=\"_ _4\"></span>nsu<span class=\"_ _4\"></span>lt<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s, inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n 2022 d<span class=\"_ _4\"></span>ue to la<span class=\"_ _4\"></span>rge<span class=\"_ _4\"></span>r and s<span class=\"_ _4\"></span>up<span class=\"_ _4\"></span>ple<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y97 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">mentar<span class=\"_ _4\"></span>y cons<span class=\"_ _4\"></span>ultanc<span class=\"_ _4\"></span>y projec<span class=\"_ _4\"></span>ts.</div>\n<div class=\"t m289 x1 hb y98 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Freig<span class=\"_ _4\"></span>ht ch<span class=\"_ _4\"></span>arge<span class=\"_ _4\"></span>s are r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e Bexc<span class=\"_ _4\"></span>o ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>vit<span class=\"_ _4\"></span>ies s<span class=\"_ _4\"></span>ince t<span class=\"_ _4\"></span>hei<span class=\"_ _4\"></span>r incl<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>on in t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>nso<span class=\"_ _4\"></span>lid<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n sco<span class=\"_ _4\"></span>pe (s<span class=\"_ _4\"></span>ee No<span class=\"_ _4\"></span>te 5 Bus<span class=\"_ _4\"></span>i<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb ybf ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">nes<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>mbi<span class=\"_ _4\"></span>nati<span class=\"_ _4\"></span>ons a<span class=\"_ _4\"></span>nd ot<span class=\"_ _4\"></span>her s<span class=\"_ _4\"></span>hare d<span class=\"_ _4\"></span>eals).</div>\n<div class=\"t m28a x1 hb y31d ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">In 202<span class=\"_ _4\"></span>2, non<span class=\"_ _4\"></span>-in<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e bas<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>xes inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>e no<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>d<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ble w<span class=\"_ _4\"></span>ith<span class=\"_ _4\"></span>hol<span class=\"_ _4\"></span>ding t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>xes of USD 1.2 millio<span class=\"_ _4\"></span>n rela<span class=\"_ _4\"></span>ted to t<span class=\"_ _4\"></span>he Eni</div>\n<div class=\"t m8 x1 hb y99 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>jec<span class=\"_ _4\"></span>t i<span class=\"_ _4\"></span>n Con<span class=\"_ _4\"></span>go.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 723px; height: 416px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x1 h11 y58 ff2 fsb fc3 sc0 ls40 ws44\" style=\"z-index: 15;\">NOTE 1<span class=\"_ _179\"></span>1 - PERS<span class=\"_ _1\"></span>ONNEL E<span class=\"_ _4\"></span>XPENSES</div>\n<div class=\"t m8 x1 hd y31e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y31f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Salaries and wages<span class=\"_ _16f\"> </span>-27,492<span class=\"_ _44\"> </span>-22,568</div>\n<div class=\"t m8 x1 hc y320 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Social security charges<span class=\"_ _124\"> </span>-4,263<span class=\"_ _46\"> </span>-3,991</div>\n<div class=\"t m8 x1 hc y321 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Employee bene\ufb01t, de\ufb01ned bene\ufb01t and de\ufb01ned contribution plan<span class=\"_ _17a\"> </span>-577<span class=\"_ _4c\"> </span>-789</div>\n<div class=\"t m8 x1 hd y322 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Personnel expenses<span class=\"_ _24\"> </span>-32,333<span class=\"_ _52\"> </span>-27,349</div>\n<div class=\"t m8 x1 hd y323 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">At year<span class=\"_ _1\"></span>-end<span class=\"_ _4b\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y324 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Seagoing<span class=\"_ _17b\"> </span>1,508<span class=\"_ _15\"> </span>1,615</div>\n<div class=\"t m8 x1 hc y325 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Staff<span class=\"_ _17c\"> </span>418<span class=\"_ _25\"> </span>234</div>\n\n<div class=\"t m8 x1 hd y326 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Number of personnel members<span class=\"_ _145\"> </span>1,926<span class=\"_ _46\"> </span>1,849</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 352px; height: 20px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m28b x1 hb yad ff1 fs9 fc2 sc0 ls11 wsd\" style=\"z-index: 15;\">Sala<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d wag<span class=\"_ _4\"></span>es in<span class=\"_ _4\"></span>crea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d pr<span class=\"_ _4\"></span>ima<span class=\"_ _4\"></span>ril<span class=\"_ _4\"></span>y bec<span class=\"_ _4\"></span>au<span class=\"_ _4\"></span>se of h<span class=\"_ _4\"></span>ighe<span class=\"_ _4\"></span>r num<span class=\"_ _4\"></span>ber o<span class=\"_ _4\"></span>f eng<span class=\"_ _4\"></span>inee<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>s and te<span class=\"_ _4\"></span>ch<span class=\"_ _4\"></span>nic<span class=\"_ _4\"></span>al em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>es fo<span class=\"_ _4\"></span>r amo<span class=\"_ _4\"></span>ngs<span class=\"_ _4\"></span>t</div>\n<div class=\"t m28c x1 hb yc8 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">oth<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s the S<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>nand<span class=\"_ _4\"></span>oah p<span class=\"_ _4\"></span>roje<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t an<span class=\"_ _4\"></span>d the i<span class=\"_ _4\"></span>ncl<span class=\"_ _4\"></span>usio<span class=\"_ _4\"></span>n of Bexc<span class=\"_ _4\"></span>o sin<span class=\"_ _4\"></span>ce Nove<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r 2022 i<span class=\"_ _4\"></span>n the c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>olid<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n sco<span class=\"_ _4\"></span>pe (re<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb yae ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ivel<span class=\"_ _4\"></span>y wit<span class=\"_ _4\"></span>hin t<span class=\"_ _4\"></span>he Inf<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ure a<span class=\"_ _4\"></span>nd Se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ices s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts).</div>\n<div class=\"t m151 x1 hb yaf ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e numb<span class=\"_ _4\"></span>er of p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>so<span class=\"_ _4\"></span>nne<span class=\"_ _4\"></span>l mem<span class=\"_ _4\"></span>ber<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s th<span class=\"_ _4\"></span>e ef<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tive n<span class=\"_ _4\"></span>umb<span class=\"_ _4\"></span>er of p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>so<span class=\"_ _4\"></span>nne<span class=\"_ _4\"></span>l mem<span class=\"_ _4\"></span>ber<span class=\"_ _4\"></span>s in s<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _4\"></span>e per p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod</div>\n<div class=\"t m8 x1 hb yb0 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">en<span class=\"_ _4\"></span>d (inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he se<span class=\"_ _4\"></span>agoi<span class=\"_ _4\"></span>ng em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>es of o<span class=\"_ _4\"></span>ur eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es).</div>\n<div class=\"t m28d x1 hb yb1 ff1 fs9 fc2 sc0 ls11 wsc\" style=\"z-index: 15;\">A sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>ant p<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t o<span class=\"_ _4\"></span>f EX<span class=\"_ _4\"></span>MA<span class=\"_ _4\"></span>R\u2019s seag<span class=\"_ _4\"></span>oing p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>onne<span class=\"_ _4\"></span>l is em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>d on t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s hel<span class=\"_ _4\"></span>d or op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d by E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R\u2019s eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m28e x1 hb yb2 ff1 fs9 fc2 sc0 ls11 wsd\" style=\"z-index: 15;\">cou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s, th<span class=\"_ _4\"></span>e rela<span class=\"_ _4\"></span>ted ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>e is not i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he pe<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>nel ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es or c<span class=\"_ _4\"></span>rew ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es di<span class=\"_ _4\"></span>sc<span class=\"_ _4\"></span>los<span class=\"_ _4\"></span>ed ab<span class=\"_ _4\"></span>ove.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 212px; height: 366px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag499": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x1 h11 y30d ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 1<span class=\"_ _2\"></span>0 - GENER<span class=\"_ _4\"></span>AL AND ADMINISTR<span class=\"_ _4\"></span>A<span class=\"_ _2\"></span>TIVE E<span class=\"_ _4\"></span>XPEN<span class=\"_ _3\"></span>SES</div>\n<div class=\"t m8 x1 hd y30e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y30f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Administrative expenses<span class=\"_ _172\"> </span>-33,393<span class=\"_ _44\"> </span>-22,637</div>\n<div class=\"t m8 x1f hc y310 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Of\ufb01ce expenses<span class=\"_ _16c\"> </span>-1,386<span class=\"_ _46\"> </span>-2,438</div>\n<div class=\"t m8 x1f hc y311 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ravel expenses<span class=\"_ _173\"> </span>-2,488<span class=\"_ _46\"> </span>-2,085</div>\n<div class=\"t m8 x1f hc y312 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">IT &amp; communication expenses<span class=\"_ _b3\"> </span>-2,409<span class=\"_ _144\"> </span>-2,073</div>\n<div class=\"t m8 x1f hc y313 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fees<span class=\"_ _174\"> </span>-15,739<span class=\"_ _46\"> </span>-7,730</div>\n<div class=\"t m8 x1f hc y314 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other fees<span class=\"_ _6d\"> </span>-10,579<span class=\"_ _144\"> </span>-7,693</div>\n<div class=\"t m8 x1f hc y315 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Insurance<span class=\"_ _175\"> </span>-793<span class=\"_ _4c\"> </span>-619</div>\n<div class=\"t m8 x1 hc y316 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Freight char<span class=\"_ _3\"></span>ges<span class=\"_ _176\"> </span>-1,740<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 x1 hc y317 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-income based taxes<span class=\"_ _177\"> </span>-2,844<span class=\"_ _46\"> </span>-1,256</div>\n<div class=\"t m8 x1 hc y318 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other expenses<span class=\"_ _6d\"> </span>-1,316<span class=\"_ _4c\"> </span>-643</div>\n<div class=\"t m8 x1 hd y319 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">General and administrative expenses<span class=\"_ _178\"> </span>-39,293<span class=\"_ _52\"> </span>-24,536</div>\n<div class=\"t m1c4 x1 hb y31a ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Du<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g 2022, fee<span class=\"_ _4\"></span>s inc<span class=\"_ _4\"></span>rea<span class=\"_ _4\"></span>sed a<span class=\"_ _4\"></span>s a res<span class=\"_ _4\"></span>ult of s<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ci\ufb01<span class=\"_ _4\"></span>c proj<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t w<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>k for Eni i<span class=\"_ _4\"></span>n relat<span class=\"_ _4\"></span>ion t<span class=\"_ _4\"></span>o the o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>bilit<span class=\"_ _7\"></span>y of th<span class=\"_ _4\"></span>e T<span class=\"_ _1\"></span>ANGO</div>\n<div class=\"t m8 x1 hb y31b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">FLNG a<span class=\"_ _4\"></span>nd hig<span class=\"_ _4\"></span>her e<span class=\"_ _4\"></span>ngin<span class=\"_ _4\"></span>eer<span class=\"_ _4\"></span>in<span class=\"_ _4\"></span>g fees<span class=\"_ _4\"></span>, pr<span class=\"_ _4\"></span>imar<span class=\"_ _4\"></span>ily i<span class=\"_ _4\"></span>n con<span class=\"_ _4\"></span>nec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion w<span class=\"_ _4\"></span>ith t<span class=\"_ _4\"></span>he S<span class=\"_ _4\"></span>hen<span class=\"_ _4\"></span>and<span class=\"_ _4\"></span>oah p<span class=\"_ _4\"></span>roje<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t.</div>\n<div class=\"t me4 x1 hb y31c ff1 fs9 fc2 sc0 ls16 wsf\" style=\"z-index: 15;\">O<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r fee<span class=\"_ _4\"></span>s, main<span class=\"_ _4\"></span>ly dir<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>r and m<span class=\"_ _4\"></span>anag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt co<span class=\"_ _4\"></span>nsu<span class=\"_ _4\"></span>lt<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s, inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n 2022 d<span class=\"_ _4\"></span>ue to la<span class=\"_ _4\"></span>rge<span class=\"_ _4\"></span>r and s<span class=\"_ _4\"></span>up<span class=\"_ _4\"></span>ple<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y97 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">mentar<span class=\"_ _4\"></span>y cons<span class=\"_ _4\"></span>ultanc<span class=\"_ _4\"></span>y projec<span class=\"_ _4\"></span>ts.</div>\n<div class=\"t m289 x1 hb y98 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Freig<span class=\"_ _4\"></span>ht ch<span class=\"_ _4\"></span>arge<span class=\"_ _4\"></span>s are r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e Bexc<span class=\"_ _4\"></span>o ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>vit<span class=\"_ _4\"></span>ies s<span class=\"_ _4\"></span>ince t<span class=\"_ _4\"></span>hei<span class=\"_ _4\"></span>r incl<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>on in t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>nso<span class=\"_ _4\"></span>lid<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n sco<span class=\"_ _4\"></span>pe (s<span class=\"_ _4\"></span>ee No<span class=\"_ _4\"></span>te 5 Bus<span class=\"_ _4\"></span>i<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb ybf ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">nes<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>mbi<span class=\"_ _4\"></span>nati<span class=\"_ _4\"></span>ons a<span class=\"_ _4\"></span>nd ot<span class=\"_ _4\"></span>her s<span class=\"_ _4\"></span>hare d<span class=\"_ _4\"></span>eals).</div>\n<div class=\"t m28a x1 hb y31d ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">In 202<span class=\"_ _4\"></span>2, non<span class=\"_ _4\"></span>-in<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e bas<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>xes inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>e no<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>d<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ble w<span class=\"_ _4\"></span>ith<span class=\"_ _4\"></span>hol<span class=\"_ _4\"></span>ding t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>xes of USD 1.2 millio<span class=\"_ _4\"></span>n rela<span class=\"_ _4\"></span>ted to t<span class=\"_ _4\"></span>he Eni</div>\n<div class=\"t m8 x1 hb y99 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>jec<span class=\"_ _4\"></span>t i<span class=\"_ _4\"></span>n Con<span class=\"_ _4\"></span>go.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 723px; height: 416px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 723px; height: 416px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag503": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x1 h11 y58 ff2 fsb fc3 sc0 ls40 ws44\" style=\"z-index: 15;\">NOTE 1<span class=\"_ _179\"></span>1 - PERS<span class=\"_ _1\"></span>ONNEL E<span class=\"_ _4\"></span>XPENSES</div>\n<div class=\"t m8 x1 hd y31e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y31f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Salaries and wages<span class=\"_ _16f\"> </span>-27,492<span class=\"_ _44\"> </span>-22,568</div>\n<div class=\"t m8 x1 hc y320 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Social security charges<span class=\"_ _124\"> </span>-4,263<span class=\"_ _46\"> </span>-3,991</div>\n<div class=\"t m8 x1 hc y321 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Employee bene\ufb01t, de\ufb01ned bene\ufb01t and de\ufb01ned contribution plan<span class=\"_ _17a\"> </span>-577<span class=\"_ _4c\"> </span>-789</div>\n<div class=\"t m8 x1 hd y322 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Personnel expenses<span class=\"_ _24\"> </span>-32,333<span class=\"_ _52\"> </span>-27,349</div>\n<div class=\"t m8 x1 hd y323 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">At year<span class=\"_ _1\"></span>-end<span class=\"_ _4b\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y324 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Seagoing<span class=\"_ _17b\"> </span>1,508<span class=\"_ _15\"> </span>1,615</div>\n<div class=\"t m8 x1 hc y325 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Staff<span class=\"_ _17c\"> </span>418<span class=\"_ _25\"> </span>234</div>\n\n<div class=\"t m8 x1 hd y326 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Number of personnel members<span class=\"_ _145\"> </span>1,926<span class=\"_ _46\"> </span>1,849</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 352px; height: 20px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m28b x1 hb yad ff1 fs9 fc2 sc0 ls11 wsd\" style=\"z-index: 15;\">Sala<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d wag<span class=\"_ _4\"></span>es in<span class=\"_ _4\"></span>crea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d pr<span class=\"_ _4\"></span>ima<span class=\"_ _4\"></span>ril<span class=\"_ _4\"></span>y bec<span class=\"_ _4\"></span>au<span class=\"_ _4\"></span>se of h<span class=\"_ _4\"></span>ighe<span class=\"_ _4\"></span>r num<span class=\"_ _4\"></span>ber o<span class=\"_ _4\"></span>f eng<span class=\"_ _4\"></span>inee<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>s and te<span class=\"_ _4\"></span>ch<span class=\"_ _4\"></span>nic<span class=\"_ _4\"></span>al em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>es fo<span class=\"_ _4\"></span>r amo<span class=\"_ _4\"></span>ngs<span class=\"_ _4\"></span>t</div>\n<div class=\"t m28c x1 hb yc8 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">oth<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s the S<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>nand<span class=\"_ _4\"></span>oah p<span class=\"_ _4\"></span>roje<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t an<span class=\"_ _4\"></span>d the i<span class=\"_ _4\"></span>ncl<span class=\"_ _4\"></span>usio<span class=\"_ _4\"></span>n of Bexc<span class=\"_ _4\"></span>o sin<span class=\"_ _4\"></span>ce Nove<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r 2022 i<span class=\"_ _4\"></span>n the c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>olid<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n sco<span class=\"_ _4\"></span>pe (re<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb yae ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ivel<span class=\"_ _4\"></span>y wit<span class=\"_ _4\"></span>hin t<span class=\"_ _4\"></span>he Inf<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ure a<span class=\"_ _4\"></span>nd Se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ices s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts).</div>\n<div class=\"t m151 x1 hb yaf ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e numb<span class=\"_ _4\"></span>er of p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>so<span class=\"_ _4\"></span>nne<span class=\"_ _4\"></span>l mem<span class=\"_ _4\"></span>ber<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s th<span class=\"_ _4\"></span>e ef<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tive n<span class=\"_ _4\"></span>umb<span class=\"_ _4\"></span>er of p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>so<span class=\"_ _4\"></span>nne<span class=\"_ _4\"></span>l mem<span class=\"_ _4\"></span>ber<span class=\"_ _4\"></span>s in s<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _4\"></span>e per p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod</div>\n<div class=\"t m8 x1 hb yb0 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">en<span class=\"_ _4\"></span>d (inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he se<span class=\"_ _4\"></span>agoi<span class=\"_ _4\"></span>ng em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>es of o<span class=\"_ _4\"></span>ur eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es).</div>\n<div class=\"t m28d x1 hb yb1 ff1 fs9 fc2 sc0 ls11 wsc\" style=\"z-index: 15;\">A sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>ant p<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t o<span class=\"_ _4\"></span>f EX<span class=\"_ _4\"></span>MA<span class=\"_ _4\"></span>R\u2019s seag<span class=\"_ _4\"></span>oing p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>onne<span class=\"_ _4\"></span>l is em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>d on t<span class=\"_ _4\"></span>he as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s hel<span class=\"_ _4\"></span>d or op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d by E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R\u2019s eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m28e x1 hb yb2 ff1 fs9 fc2 sc0 ls11 wsd\" style=\"z-index: 15;\">cou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s, th<span class=\"_ _4\"></span>e rela<span class=\"_ _4\"></span>ted ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>e is not i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he pe<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>nel ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es or c<span class=\"_ _4\"></span>rew ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es di<span class=\"_ _4\"></span>sc<span class=\"_ _4\"></span>los<span class=\"_ _4\"></span>ed ab<span class=\"_ _4\"></span>ove.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 212px; height: 366px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 212px; height: 366px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m0 x1 h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 3<span class=\"_ _3\"></span>0 - EMP<span class=\"_ _1\"></span>LO<span class=\"_ _1\"></span>YEE BENEFITS</div>\n<div class=\"t m0 x1 h6 y1ba ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">De\ufb01ned bene\ufb01t plan and simil<span class=\"_ _4\"></span>ar liabilities</div>\n<div class=\"t m25e x1 hb y80 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p prov<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>s pe<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>on be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s for mo<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t of it<span class=\"_ _4\"></span>s em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>es, ei<span class=\"_ _4\"></span>th<span class=\"_ _4\"></span>er dir<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>tl<span class=\"_ _4\"></span>y or t<span class=\"_ _4\"></span>hrou<span class=\"_ _4\"></span>gh a co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ib<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>on to an i<span class=\"_ _4\"></span>n<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m310 x1 hb y81 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">de<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>nt f<span class=\"_ _4\"></span>und. T<span class=\"_ _4\"></span>he p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>ion b<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>\ufb01t<span class=\"_ _4\"></span>s for m<span class=\"_ _4\"></span>anag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>af<span class=\"_ _4\"></span>f em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>fore J<span class=\"_ _4\"></span>anua<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y 1<span class=\"_ _1\"></span>, 20<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8 ar<span class=\"_ _4\"></span>e prov<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>d un<span class=\"_ _4\"></span>der</div>\n<div class=\"t m8 x1 hb y82 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">a de\ufb01<span class=\"_ _4\"></span>ned b<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>e\ufb01t p<span class=\"_ _4\"></span>lan. T<span class=\"_ _4\"></span>his pla<span class=\"_ _4\"></span>n is or<span class=\"_ _4\"></span>gani<span class=\"_ _4\"></span>zed as a \ufb01<span class=\"_ _4\"></span>nal pay p<span class=\"_ _4\"></span>rog<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>m.</div>\n<div class=\"t m311 x1 hb y83 ff1 fs9 fc2 sc0 ls11 wsd\" style=\"z-index: 15;\">For t<span class=\"_ _4\"></span>he ma<span class=\"_ _4\"></span>nage<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t, em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>d as f<span class=\"_ _4\"></span>rom Ja<span class=\"_ _4\"></span>nua<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y 1<span class=\"_ _1\"></span>, 20<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8, an<span class=\"_ _4\"></span>d emp<span class=\"_ _4\"></span>loyee<span class=\"_ _4\"></span>s pr<span class=\"_ _4\"></span>omot<span class=\"_ _4\"></span>ed to ma<span class=\"_ _4\"></span>nag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt as f<span class=\"_ _4\"></span>rom J<span class=\"_ _4\"></span>anua<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y</div>\n<div class=\"t m8 x1 hb y84 ff1 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">1<span class=\"_ _1\"></span>, 20<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8 and t<span class=\"_ _4\"></span>he ma<span class=\"_ _4\"></span>nag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt s<span class=\"_ _4\"></span>taf<span class=\"_ _7\"></span>f wh<span class=\"_ _4\"></span>o reac<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>d the a<span class=\"_ _4\"></span>ge of 60, t<span class=\"_ _4\"></span>he pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ion b<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>\ufb01t<span class=\"_ _4\"></span>s are p<span class=\"_ _4\"></span>rovi<span class=\"_ _4\"></span>ded u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>er a de<span class=\"_ _4\"></span>\ufb01ne<span class=\"_ _4\"></span>d</div>\n<div class=\"t m312 x1 hb y85 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n pla<span class=\"_ _4\"></span>n. Belg<span class=\"_ _4\"></span>ian d<span class=\"_ _4\"></span>e\ufb01ne<span class=\"_ _4\"></span>d con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n pla<span class=\"_ _4\"></span>ns are s<span class=\"_ _4\"></span>ubj<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t to t<span class=\"_ _4\"></span>he L<span class=\"_ _4\"></span>aw of A<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>il 28, 20<span class=\"_ _4\"></span>03 o<span class=\"_ _4\"></span>n sup<span class=\"_ _4\"></span>pl<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nta<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y</div>\n<div class=\"t m313 x1 hb y86 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">pe<span class=\"_ _4\"></span>nsio<span class=\"_ _4\"></span>ns (<span class=\"_ _4\"></span>WAP<span class=\"_ _4\"></span>). Accor<span class=\"_ _4\"></span>ding to a<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>cle 24 of thi<span class=\"_ _4\"></span>s law, the em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>r has to gu<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ante<span class=\"_ _4\"></span>e a \ufb01xe<span class=\"_ _4\"></span>d minim<span class=\"_ _4\"></span>um ret<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>n of 3.<span class=\"_ _4\"></span>25%</div>\n<div class=\"t m314 x1 hb y87 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">on e<span class=\"_ _4\"></span>mpl<span class=\"_ _4\"></span>oyer co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns an<span class=\"_ _4\"></span>d of 3.7<span class=\"_ _1\"></span>5% o<span class=\"_ _4\"></span>n emp<span class=\"_ _4\"></span>loyee c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rib<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s and t<span class=\"_ _4\"></span>his fo<span class=\"_ _4\"></span>r cont<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>bu<span class=\"_ _4\"></span>tion<span class=\"_ _4\"></span>s pai<span class=\"_ _4\"></span>d until D<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er</div>\n<div class=\"t m8 x1 hb y8c ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">3<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>, 201<span class=\"_ _1\"></span>5. A<span class=\"_ _4\"></span>s fr<span class=\"_ _4\"></span>om Jan<span class=\"_ _4\"></span>uar<span class=\"_ _7\"></span>y 201<span class=\"_ _1\"></span>6, the e<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>loyer ha<span class=\"_ _4\"></span>s to gua<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ntee a<span class=\"_ _4\"></span>n aver<span class=\"_ _4\"></span>age mi<span class=\"_ _4\"></span>nimu<span class=\"_ _4\"></span>m ret<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>n of 1<span class=\"_ _1\"></span>.75<span class=\"_ _3\"></span>% on b<span class=\"_ _4\"></span>oth e<span class=\"_ _4\"></span>m<span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y88 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ploye<span class=\"_ _4\"></span>r and e<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>loyee co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ib<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>ons (as c<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ged b<span class=\"_ _4\"></span>y the L<span class=\"_ _4\"></span>aw of D<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 1<span class=\"_ _3\"></span>8, 201<span class=\"_ _1\"></span>5).</div>\n<div class=\"t m315 x1 hb y89 ff1 fs9 fc2 sc0 ls24 wsd\" style=\"z-index: 15;\">Thi<span class=\"_ _4\"></span>s gua<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ntee<span class=\"_ _4\"></span>d mini<span class=\"_ _4\"></span>mum re<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>n g<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>lly exce<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>s th<span class=\"_ _4\"></span>e ret<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>n tha<span class=\"_ _4\"></span>t is nor<span class=\"_ _4\"></span>ma<span class=\"_ _4\"></span>lly gu<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ante<span class=\"_ _4\"></span>ed by t<span class=\"_ _4\"></span>he in<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>er<span class=\"_ _1\"></span>. B<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>aus<span class=\"_ _4\"></span>e th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m308 x1 hb y8a ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">em<span class=\"_ _4\"></span>ployer h<span class=\"_ _4\"></span>as to gu<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ante<span class=\"_ _4\"></span>e the s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atu<span class=\"_ _4\"></span>tor<span class=\"_ _7\"></span>y mini<span class=\"_ _4\"></span>mum re<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>n o<span class=\"_ _4\"></span>n the<span class=\"_ _4\"></span>se p<span class=\"_ _4\"></span>lans, n<span class=\"_ _4\"></span>ot all ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>uar<span class=\"_ _4\"></span>ial a<span class=\"_ _4\"></span>nd inves<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t ris<span class=\"_ _4\"></span>k<span class=\"_ _4\"></span>s relat<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m316 x1 hb yd8 ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">ing to t<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>se pl<span class=\"_ _4\"></span>ans ar<span class=\"_ _4\"></span>e tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ed to t<span class=\"_ _4\"></span>he ins<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ce com<span class=\"_ _4\"></span>pany m<span class=\"_ _4\"></span>anag<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he pla<span class=\"_ _4\"></span>ns. T<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>efor<span class=\"_ _4\"></span>e, thes<span class=\"_ _4\"></span>e plan<span class=\"_ _4\"></span>s do no<span class=\"_ _4\"></span>t meet<span class=\"_ _4\"></span> </div>\n<div class=\"t m317 x1 hb y8b ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e de\ufb01n<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>n of de\ufb01<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>d cont<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>but<span class=\"_ _4\"></span>ion p<span class=\"_ _4\"></span>lan un<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>r IFRS an<span class=\"_ _4\"></span>d have to be c<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si\ufb01<span class=\"_ _4\"></span>ed by d<span class=\"_ _4\"></span>efa<span class=\"_ _4\"></span>ult as d<span class=\"_ _4\"></span>e\ufb01n<span class=\"_ _4\"></span>ed b<span class=\"_ _4\"></span>ene\ufb01<span class=\"_ _4\"></span>t pla<span class=\"_ _4\"></span>ns.</div>\n<div class=\"t m318 x1 hb y4a ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">An a<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>aria<span class=\"_ _4\"></span>l cal<span class=\"_ _4\"></span>cul<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n has b<span class=\"_ _4\"></span>een p<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>d in ac<span class=\"_ _4\"></span>cor<span class=\"_ _4\"></span>danc<span class=\"_ _4\"></span>e wit<span class=\"_ _4\"></span>h IA<span class=\"_ _4\"></span>S 1<span class=\"_ _1\"></span>9 ba<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d on t<span class=\"_ _4\"></span>he pr<span class=\"_ _4\"></span>ojec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed uni<span class=\"_ _4\"></span>t cre<span class=\"_ _4\"></span>di<span class=\"_ _4\"></span>t met<span class=\"_ _4\"></span>hod.</div>\n<div class=\"t m0 x1 h6 y1fd ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Employee bene\ufb01ts</div>\n<div class=\"t m8 x1 hd y54b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _77\"> </span>2022<span class=\"_ _1e7\"> </span>2021<span class=\"_ _1e7\"> </span>2020<span class=\"_ _1e7\"> </span>2019<span class=\"_ _137\"> </span>2018<span class=\"_ _1e7\"> </span>2017</div>\n<div class=\"t m8 x1 hd y54c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">DEFINED BENEFIT PLANS</div>\n<div class=\"t m8 x1 hc y54d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Present value of funded obligations<span class=\"_ _20\"> </span>-7,523<span class=\"_ _1cd\"> </span>-9,631<span class=\"_ _1c7\"> </span>-10,969<span class=\"_ _1c7\"> </span>-11,535<span class=\"_ _1c8\"> </span>-11,697<span class=\"_ _1c7\"> </span>-12,072</div>\n<div class=\"t m8 x1 hc y54e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fair value of the de\ufb01ned plan assets<span class=\"_ _cf\"> </span>6,601<span class=\"_ _137\"> </span>9,017<span class=\"_ _137\"> </span>9,408<span class=\"_ _137\"> </span>8,839<span class=\"_ _137\"> </span>7,626<span class=\"_ _137\"> </span>7,361</div>\n<div class=\"t m8 x1 hc y54f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Present value of net obligations<span class=\"_ _ce\"> </span>-922<span class=\"_ _ac\"> </span>-614<span class=\"_ _1d2\"> </span>-1,561<span class=\"_ _107\"> </span>-2,696<span class=\"_ _1cd\"> </span>-4,072<span class=\"_ _1cd\"> </span>-4,711</div>\n<div class=\"t m8 x1 hd y550 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">BELGIAN DEFINED CONTRIBUTION PLAN</div>\n<div class=\"t m8 x1 hd y551 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">WITH GUARANTEED RETURN</div>\n<div class=\"t m8 x1 hc y552 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Present value of funded obligations<span class=\"_ _20\"> </span>-5,690<span class=\"_ _1cd\"> </span>-8,102<span class=\"_ _1cd\"> </span>-9,559<span class=\"_ _1cd\"> </span>-5,340<span class=\"_ _1cd\"> </span>-4,703<span class=\"_ _107\"> </span>-3,313</div>\n<div class=\"t m8 x1 hc y553 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fair value of the de\ufb01ned plan assets<span class=\"_ _cf\"> </span>5,571<span class=\"_ _137\"> </span>7,986<span class=\"_ _137\"> </span>9,405<span class=\"_ _137\"> </span>6,438<span class=\"_ _137\"> </span>4,609<span class=\"_ _137\"> </span>3,198</div>\n<div class=\"t m8 x1 hc y554 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Present value of net (obligations) assets<span class=\"_ _1d8\"> </span>-119<span class=\"_ _8b\"> </span>-116<span class=\"_ _ac\"> </span>-154<span class=\"_ _137\"> </span>1,099<span class=\"_ _9c\"> </span>-94<span class=\"_ _ac\"> </span>-115</div>\n<div class=\"t m8 x1 hd y555 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal employee bene\ufb01ts<span class=\"_ _225\"> </span>-1,041<span class=\"_ _e5\"> </span>-730<span class=\"_ _1e5\"> </span>-1,715<span class=\"_ _1d7\"> </span>-1,597<span class=\"_ _1d7\"> </span>-4,166<span class=\"_ _1e5\"> </span>-4,826</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 530px; height: 609px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m0 xe h6 y1d6 SecUhHj_23 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Defined benefit plan</div>\n<div class=\"t m8 xe hd y30e SecUhHj_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ SecVUZO_90\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hd y556 SecUhHj_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">CHANGES IN LIABILITIES DURING THE PERIOD (1)</div>\n<div class=\"t m8 xe hd y557 SecUhHj_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Liability as per 1 January<span class=\"_ SecUhHj_59\"> </span>17,733<span class=\"_ _54\"> </span>20,528</div>\n<div class=\"t m8 xe hc y558 SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Distributions<span class=\"_ _226\"> </span>-979<span class=\"_ _46\"> </span>-1,623</div>\n<div class=\"t m8 xe hc y559 SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Actual employee's contributions<span class=\"_ SecUhHj_57\"> </span>190<span class=\"_ _25\"> </span>195</div>\n<div class=\"t m8 xe hc y55a SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expense<span class=\"_ SecUhHj_69\"> </span>147<span class=\"_ _1c\"> </span>76</div>\n<div class=\"t m8 xe hc y55b SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current service cost<span class=\"_ _227\"> </span>515<span class=\"_ _25\"> </span>719</div>\n<div class=\"t m8 xe hc y55c SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Actual taxes on contributions paid (excluding interest)<span class=\"_ SecUhHj_51\"> </span>-116<span class=\"_ _4c\"> </span>-128</div>\n<div class=\"t m8 xe hc y55d SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Actuarial gains/losses<span class=\"_ SecUhHj_63\"> </span>-3,207<span class=\"_ _4c\"> </span>-513</div>\n<div class=\"t m8 xe hc y55e SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differences<span class=\"_ SecUhHj_64\"> </span>-1,070<span class=\"_ _46\"> </span>-1,521</div>\n<div class=\"t m8 xe hd y55f SecUhHj_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Liability as per 31 December<span class=\"_ SecUhHj_55\"> </span>13,213<span class=\"_ _54\"> </span>17,733</div>\n<div class=\"t m8 xe hd SecUhHj_106 SecUhHj_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">CHANGES OF FAIR VALUE OF PLAN ASSETS (1)</div>\n<div class=\"t m8 xe hd y561 SecUhHj_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Plan assets as per 1 January<span class=\"_ SecUhHj_56\"> </span>17,003<span class=\"_ _54\"> </span>18,813</div>\n<div class=\"t m8 xe hc y562 SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Contributions\ue61e<span class=\"_ _1f6\"> </span>1,124<span class=\"_ _15\"> </span>1,232</div>\n<div class=\"t m8 xe hc y563 SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Distributions\ue61e<span class=\"_ SecUhHj_72\"> </span>-979<span class=\"_ _46\"> </span>-1,623</div>\n<div class=\"t m8 xe hc y564 SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income<span class=\"_ _228\"> </span>146<span class=\"_ _1c\"> </span>74</div>\n<div class=\"t m8 xe hc y565 SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Actual taxes on contributions paid (excluding interest)<span class=\"_ SecUhHj_51\"> </span>-116<span class=\"_ _4c\"> </span>-128</div>\n<div class=\"t m8 xe hc y566 SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Actual administration costs<span class=\"_ _229\"> </span>-61<span class=\"_ _73\"> </span>-68</div>\n<div class=\"t m8 xe hc y567 SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Actuarial gain/loss<span class=\"_ _22a\"> </span>-3,913<span class=\"_ _25\"> </span>134</div>\n<div class=\"t m8 xe hc y568 SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differences<span class=\"_ SecUhHj_64\"> </span>-1,032<span class=\"_ _46\"> </span>-1,431</div>\n<div class=\"t m8 xe hd y569 SecUhHj_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Plan assets as per 31 December (2)<span class=\"_ SecUhHj_54\"> </span>12,172<span class=\"_ _54\"> </span>17,003</div>\n<div class=\"t m8 xe hd y56a SecUhHj_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net defined liability as per 31 December<span class=\"_ _22b\"> </span>1,041<span class=\"_ SecUhHj_45\"> </span>730</div>\n<div class=\"t m8 xe h14 SecUhHj_95 SecUhHj_25 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(1) <span class=\"_ SecVUZO_75\"> </span>The changes in pension liabilities and plan assets include both the defined benefit plans as the Belgian defined contribution plans which qualify as a defined</div>\n<div class=\"t m8 x3e h14 SecUhHj_94 SecUhHj_25 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">benefit plan.</div>\n<div class=\"t m8 xe h14 SecUhHj_93 SecUhHj_25 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(2) <span class=\"_ SecVUZO_75\"> </span>The plan assets do not include any shares issued by EXMAR or property occupied by EXMAR.</div>\n<div class=\"t m8 xe hd SecUhHj_92 SecUhHj_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ SecVUZO_90\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hd SecUhHj_91 SecUhHj_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXPENSE RECOGNISED IN THE STATEMENT OF PROFIT OR LOSS\ue61e</div>\n<div class=\"t m8 xe hc SecUhHj_90 SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current service expenses\ue61e<span class=\"_ SecUhHj_61\"> </span>-515<span class=\"_ _4c\"> </span>-719</div>\n<div class=\"t m8 xe hc SecUhHj_89 SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expense<span class=\"_ _22c\"> </span>-147<span class=\"_ _73\"> </span>-76</div>\n<div class=\"t m8 xe hc SecUhHj_88 SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Expected return on plan assets<span class=\"_ _22d\"> </span>146<span class=\"_ _1c\"> </span>74</div>\n<div class=\"t m8 xe hc SecUhHj_87 SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Administration cost<span class=\"_ SecUhHj_67\"> </span>-61<span class=\"_ _73\"> </span>-68</div>\n<div class=\"t m8 xe hd SecUhHj_86 SecUhHj_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Total pension cost recognised in the income statement (see note 11)<span class=\"_ SecUhHj_49\"> </span>-577<span class=\"_ _5d\"> </span>-789</div>\n<div class=\"t m8 xe hd SecUhHj_85 SecUhHj_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXPENSE RECOGNISED IN OTHER COMPREHENSIVE INCOME\ue61e</div>\n<div class=\"t m8 xe hc SecUhHj_84 SecUhHj_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Recognition of actuarial gains and losses<span class=\"_ SecUhHj_53\"> </span>-706<span class=\"_ _25\"> </span>647</div>\n<div class=\"t m8 xe hd SecUhHj_83 SecUhHj_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Total pension cost recognised in other comprehensive income<span class=\"_ SecUhHj_50\"> </span>-706<span class=\"_ SecUhHj_45\"> </span>647</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 358px; height: 773px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m8 x1 hb y581 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e exp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed em<span class=\"_ _4\"></span>ploye<span class=\"_ _4\"></span>r con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ibu<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns to b<span class=\"_ _4\"></span>e paid f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e nex<span class=\"_ _4\"></span>t \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al year a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt to:</div>\n<div class=\"t m8 x1 hd y582 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y583 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Best estimate of contributions expected to be paid during next year<span class=\"_ _a4\"> </span>1,093<span class=\"_ _27\"> </span>1,142</div>\n<div class=\"t m8 x1 hb y80 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e ac<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>ari<span class=\"_ _4\"></span>al as<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>mpti<span class=\"_ _4\"></span>ons a<span class=\"_ _4\"></span>nd aver<span class=\"_ _4\"></span>ag<span class=\"_ _4\"></span>e dur<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion of t<span class=\"_ _4\"></span>he pl<span class=\"_ _4\"></span>ans ar<span class=\"_ _4\"></span>e det<span class=\"_ _4\"></span>aile<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>low:</div>\n<div class=\"t m8 x1 hd y584 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In weighted averages)<span class=\"_ _4d\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hd y585 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">MOST SIGNIFICANT ASSUMPTIONS</div>\n<div class=\"t m8 x1 hc y586 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Discount rate at 31 December<span class=\"_ _232\"> </span>3.75%<span class=\"_ _1eb\"> </span>0.70%</div>\n<div class=\"t m8 x1 hc y587 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Expected return on assets at 31 December<span class=\"_ _3c\"> </span>3.75%<span class=\"_ _46\"> </span>0.70%</div>\n<div class=\"t m8 x1 hc y588 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">In\ufb02ation<span class=\"_ _233\"> </span>2.20%<span class=\"_ _1eb\"> </span>1.90%</div>\n<div class=\"t m8 x1 hc y589 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Duration of de\ufb01ned bene\ufb01t plans (in years)<span class=\"_ _1a0\"> </span>8<span class=\"_ _20\"> </span>9</div>\n<div class=\"t m8 x1 hc y58a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Duration of the Belgian de\ufb01ned contribution plans (in years)<span class=\"_ _214\"> </span>14<span class=\"_ _1c\"> </span>18</div>\n<div class=\"t m8 x1 hb y8a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e plan a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e com<span class=\"_ _4\"></span>pos<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>s follo<span class=\"_ _4\"></span>ws:</div>\n<div class=\"t m8 x1 hd y58b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y58c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Shares<span class=\"_ _163\"> </span>5.0%<span class=\"_ _1d3\"> </span>4.0%</div>\n<div class=\"t m8 x1 hc y58d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bonds &amp; loans<span class=\"_ _1b\"> </span>88.0%<span class=\"_ _46\"> </span>89.0%</div>\n<div class=\"t m8 x1 hc y58e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Property investments<span class=\"_ _101\"> </span>7.0%<span class=\"_ _5d\"> </span>6.0%</div>\n<div class=\"t m8 x1 hc y58f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash<span class=\"_ _ee\"> </span>0.0%<span class=\"_ _1d3\"> </span>1.0%</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 764px; height: 375px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag486": {
   "value": "\n<div class=\"t m8 x1 hd y326 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Number of personnel members<span class=\"_ _145\"> </span>1,926<span class=\"_ _46\"> </span>1,849</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 352px; height: 20px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag495": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 xe h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 1<span class=\"_ _179\"></span>2 - FINANCE INC<span class=\"_ _3\"></span>OME / EXPENS<span class=\"_ _3\"></span>ES</div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m8 xe hd y2f7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _17d\"> </span>2022<span class=\"_ _7a\"> </span>2021</div>\n<div class=\"t m8 xe hc y2f8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income on borr<span class=\"_ _3\"></span>owings to equity accounted investees\u2005<span class=\"_ _17e\"> </span>1,929<span class=\"_ _7a\"> </span>1,508</div>\n<div class=\"t m8 xe hc y2f9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income on cash and cash equivalents<span class=\"_ _13b\"> </span>5,196<span class=\"_ _1a\"> </span>29</div>\n<div class=\"t m8 xe hd y2fa ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income<span class=\"_ _17f\"> </span>7,125<span class=\"_ _126\"> </span>1,537</div>\n<div class=\"t m8 xe hc y327 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expenses on borr<span class=\"_ _3\"></span>owings<span class=\"_ _90\"> </span>-21,954<span class=\"_ _9c\"> </span>-15,526</div>\n<div class=\"t m8 xe hd y328 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expenses<span class=\"_ _180\"> </span>-21,954<span class=\"_ _db\"> </span>-15,526</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 8%; bottom: 967px; height: 140px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 967px; height: 140px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m28f xe hb y87 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t inc<span class=\"_ _4\"></span>ome o<span class=\"_ _4\"></span>n bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owin<span class=\"_ _4\"></span>gs to e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ees r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>s to int<span class=\"_ _4\"></span>eres<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s c<span class=\"_ _4\"></span>harg<span class=\"_ _4\"></span>ed to t<span class=\"_ _4\"></span>he e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y ac<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m290 xe hb y8c ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">cou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es on t<span class=\"_ _4\"></span>he b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s prov<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>d by E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR an<span class=\"_ _4\"></span>d inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>s a res<span class=\"_ _4\"></span>ult of hi<span class=\"_ _4\"></span>ghe<span class=\"_ _4\"></span>r aver<span class=\"_ _4\"></span>age o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>ng</div>\n<div class=\"t m8 xe hb y88 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">bala<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>s. We refe<span class=\"_ _4\"></span>r in t<span class=\"_ _4\"></span>his re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t al<span class=\"_ _4\"></span>so to N<span class=\"_ _4\"></span>ote 1<span class=\"_ _1\"></span>9 Bo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs to e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 905px; height: 202px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 905px; height: 202px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m8 xe hb y1cb ff1 fs9 fc2 sc0 ls2 ws55\" style=\"z-index: 15;\">Inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t in<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e on c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h and c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h eq<span class=\"_ _4\"></span>uiv<span class=\"_ _4\"></span>alen<span class=\"_ _4\"></span>ts i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ed s<span class=\"_ _4\"></span>igni\ufb01<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>ntly t<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ks t<span class=\"_ _4\"></span>o the hi<span class=\"_ _4\"></span>gher c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h p<span class=\"_ _4\"></span>osi<span class=\"_ _4\"></span>tion o<span class=\"_ _4\"></span>f EX<span class=\"_ _4\"></span>MA<span class=\"_ _4\"></span>R</div>\n<div class=\"t m8 xe hb y1cc ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">after the proceeds of the sale of the shares of Export LNG Ltd, owner of TANGO FLNG (see Note 4 Divestitures).</div>\n\n<div><br/></div>\n\n<div class=\"t m291 xe hb y8b ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>es re<span class=\"_ _4\"></span>late to E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR<span class=\"_ _4\"></span>\u2019s bor<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s as dis<span class=\"_ _4\"></span>clo<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d in Not<span class=\"_ _4\"></span>e 28 Bor<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s and t<span class=\"_ _4\"></span>he in<span class=\"_ _4\"></span>crea<span class=\"_ _4\"></span>se of US<span class=\"_ _4\"></span>D 6.4</div>\n<div class=\"t m292 xe hb y4a ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">millio<span class=\"_ _4\"></span>n is mai<span class=\"_ _4\"></span>nly t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>mbi<span class=\"_ _4\"></span>ned e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>t of (i<span class=\"_ _4\"></span>) the \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ing of t<span class=\"_ _4\"></span>he t<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>o new VLGC\u2019s sin<span class=\"_ _4\"></span>ce mid 20<span class=\"_ _4\"></span>21 (USD 5.3 millio<span class=\"_ _4\"></span>n)<span class=\"_ _3\"></span>,</div>\n<div class=\"t m293 xe hb y4b ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">(ii<span class=\"_ _4\"></span>) the e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>tive i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>st c<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>rec<span class=\"_ _7\"></span>tion o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e pre<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ized \ufb02<span class=\"_ _4\"></span>eet fo<span class=\"_ _4\"></span>llowi<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e exerc<span class=\"_ _4\"></span>ise of t<span class=\"_ _4\"></span>he ea<span class=\"_ _4\"></span>rly b<span class=\"_ _4\"></span>uy-<span class=\"_ _4\"></span>o<span class=\"_ _4\"></span>ut o<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n (USD</div>\n<div class=\"t m8 xe hb y4c ff1 fs9 fc2 sc0 ls2 ws2c\" style=\"z-index: 15;\">5.5 millio<span class=\"_ _4\"></span>n, of whic<span class=\"_ _4\"></span>h USD 3.3 m<span class=\"_ _4\"></span>illion i<span class=\"_ _4\"></span>s an ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ment of t<span class=\"_ _4\"></span>he hi<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ori<span class=\"_ _4\"></span>c inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse o<span class=\"_ _4\"></span>f pr<span class=\"_ _4\"></span>ior \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al year<span class=\"_ _4\"></span>s</div>\n<div class=\"t m294 x52 h15 y329 ff1 fse fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">1</div>\n<div class=\"t m8 x53 hb y4c ff1 fs9 fc2 sc0 ls2e ws17\" style=\"z-index: 15;\">) (bo<span class=\"_ _3\"></span>th</div>\n<div class=\"t m295 xe hb y4d ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">Shi<span class=\"_ _4\"></span>ppi<span class=\"_ _4\"></span>ng se<span class=\"_ _4\"></span>gm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>), of<span class=\"_ _4\"></span>fs<span class=\"_ _4\"></span>et by (<span class=\"_ _4\"></span>iii) lo<span class=\"_ _4\"></span>wer i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s in th<span class=\"_ _4\"></span>e Inf<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ure s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>ment d<span class=\"_ _4\"></span>ue to t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>pay<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t of th<span class=\"_ _4\"></span>e NOK</div>\n<div class=\"t m296 xe hb y4e ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">bo<span class=\"_ _4\"></span>nd (US<span class=\"_ _4\"></span>D 3.3 millio<span class=\"_ _4\"></span>n) at mat<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y en<span class=\"_ _4\"></span>d May 2022 a<span class=\"_ _4\"></span>nd lo<span class=\"_ _4\"></span>wer ma<span class=\"_ _4\"></span>rgin<span class=\"_ _4\"></span>s and e<span class=\"_ _4\"></span>arl<span class=\"_ _4\"></span>y rep<span class=\"_ _4\"></span>aym<span class=\"_ _4\"></span>ent of t<span class=\"_ _4\"></span>he Ba<span class=\"_ _4\"></span>nk O<span class=\"_ _4\"></span>f Chin<span class=\"_ _4\"></span>a loa<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 xe hb y72 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">facility in August 2022 upon the sale of the shares of Export LNG Ltd, owner of TANGO FLNG (USD 1.8 million).</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 740px; height: 119px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t m8 xe hd y32a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _17d\"> </span>2022<span class=\"_ _7a\"> </span>2021</div>\n<div class=\"t m8 xe hc y32b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Realised exchange gains<span class=\"_ _181\"> </span>2,967<span class=\"_ _7a\"> </span>2,237</div>\n<div class=\"t m8 xe hc y32c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unrealised exchange gains<span class=\"_ _182\"> </span>2,418<span class=\"_ _7a\"> </span>6,270</div>\n<div class=\"t m8 xe hc y32d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Dividend income from non-consolidated companies<span class=\"_ _183\"> </span>18<span class=\"_ _1a\"> </span>16</div>\n<div class=\"t m8 xe hc y32e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity securities measured at FVTPL<span class=\"_ _90\"> </span>280<span class=\"_ _18\"> </span>662</div>\n<div class=\"t m8 xe hc y32f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fair value gain on \ufb01nancial instruments<span class=\"_ _a9\"> </span>934<span class=\"_ _18\"> </span>920</div>\n<div class=\"t m8 xe hc y330 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Premium r<span class=\"_ _3\"></span>efund<span class=\"_ _184\"> </span>2,497<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m8 xe hc y331 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other\u2005<span class=\"_ _11e\"> </span>410<span class=\"_ _1a\"> </span>92</div>\n<div class=\"t m8 xe hd y332 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other \ufb01nance income<span class=\"_ _185\"> </span>9,525<span class=\"_ _14d\"> </span>10,198</div>\n<div class=\"t m8 xe hc y333 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Realised exchange losses<span class=\"_ _186\"> </span>-6,324<span class=\"_ _64\"> </span>-928</div>\n<div class=\"t m8 xe hc y334 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unrealised exchange losses<span class=\"_ _187\"> </span>-1,236<span class=\"_ _126\"> </span>-1,933</div>\n<div class=\"t m8 xe hc y335 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Amortisation transaction costs<span class=\"_ _188\"> </span>-7,504<span class=\"_ _126\"> </span>-2,674</div>\n<div class=\"t m8 xe hc y336 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Banking fees<span class=\"_ _189\"> </span>-2,280<span class=\"_ _64\"> </span>-922</div>\n<div class=\"t m8 xe hc y337 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other\u2005\u2005<span class=\"_ _18a\"> </span>-711<span class=\"_ _64\"> </span>-328</div>\n<div class=\"t m8 xe hd y338 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other \ufb01nance expenses<span class=\"_ _18b\"> </span>-18,055<span class=\"_ _a0\"> </span>-6,785</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 412px; height: 447px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m297 xe hb ya9 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e realize<span class=\"_ _4\"></span>d exc<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>e gain<span class=\"_ _4\"></span>s, net of t<span class=\"_ _4\"></span>he se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>tle<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s of re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d der<span class=\"_ _4\"></span>iv<span class=\"_ _4\"></span>ative a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s, pr<span class=\"_ _4\"></span>im<span class=\"_ _4\"></span>aril<span class=\"_ _4\"></span>y rela<span class=\"_ _4\"></span>te to th<span class=\"_ _4\"></span>e NOK</div>\n<div class=\"t m8 xe hb yaa ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">bo<span class=\"_ _4\"></span>nd re<span class=\"_ _4\"></span>pay<span class=\"_ _4\"></span>ment i<span class=\"_ _4\"></span>n May 2022.</div>\n<div class=\"t m298 xe hb yab ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e unrea<span class=\"_ _4\"></span>lized e<span class=\"_ _4\"></span>xcha<span class=\"_ _4\"></span>nge g<span class=\"_ _4\"></span>ains d<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>ed as 2<span class=\"_ _4\"></span>021 inclu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d USD 2.4 millio<span class=\"_ _4\"></span>n gain<span class=\"_ _4\"></span>s on th<span class=\"_ _4\"></span>e tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>lati<span class=\"_ _4\"></span>on of t<span class=\"_ _4\"></span>he NOK</div>\n<div class=\"t m8 xe hb yac ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">bo<span class=\"_ _4\"></span>nd int<span class=\"_ _4\"></span>o USD.</div>\n<div class=\"t m299 xe hb yad ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s a res<span class=\"_ _4\"></span>ult of t<span class=\"_ _4\"></span>he ear<span class=\"_ _4\"></span>ly r<span class=\"_ _4\"></span>epay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e Ban<span class=\"_ _4\"></span>k of Chin<span class=\"_ _4\"></span>a loa<span class=\"_ _4\"></span>n, the Gro<span class=\"_ _4\"></span>up o<span class=\"_ _4\"></span>bta<span class=\"_ _4\"></span>ine<span class=\"_ _4\"></span>d a ref<span class=\"_ _4\"></span>und o<span class=\"_ _4\"></span>f USD 2.5 millio<span class=\"_ _4\"></span>n on</div>\n<div class=\"t m8 xe hb yc8 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">previously paid credit insur<span class=\"_ _4\"></span>ance premiums.</div>\n<div class=\"t m29a xe hb yae ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e realiz<span class=\"_ _4\"></span>ed exc<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ge lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es of 20<span class=\"_ _4\"></span>22 inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>e USD 5.6 milli<span class=\"_ _4\"></span>on lo<span class=\"_ _4\"></span>ss o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e set<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>le<span class=\"_ _4\"></span>ment o<span class=\"_ _4\"></span>f EUR-<span class=\"_ _4\"></span>USD sh<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>t-ter<span class=\"_ _4\"></span>m s<span class=\"_ _4\"></span>wap<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m29b xe hb yaf ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>sat<span class=\"_ _4\"></span>ion of t<span class=\"_ _4\"></span>he t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on co<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ed d<span class=\"_ _4\"></span>ue to t<span class=\"_ _4\"></span>he acc<span class=\"_ _4\"></span>ele<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ted re<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>gnit<span class=\"_ _4\"></span>ion of t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ap<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>alize<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>ncin<span class=\"_ _4\"></span>g</div>\n<div class=\"t m285 xe hb yb0 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">fee<span class=\"_ _4\"></span>s on t<span class=\"_ _4\"></span>he Ban<span class=\"_ _4\"></span>k of Chi<span class=\"_ _4\"></span>na loa<span class=\"_ _4\"></span>n and S<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uoia c<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>dit f<span class=\"_ _4\"></span>aci<span class=\"_ _4\"></span>lit<span class=\"_ _4\"></span>y up<span class=\"_ _4\"></span>on t<span class=\"_ _4\"></span>he ea<span class=\"_ _4\"></span>rly t<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>mina<span class=\"_ _4\"></span>tion o<span class=\"_ _4\"></span>f the<span class=\"_ _4\"></span>se lo<span class=\"_ _4\"></span>an ag<span class=\"_ _4\"></span>ree<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s (see</div>\n<div class=\"t m8 xe hb yb1 ff1 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">als<span class=\"_ _4\"></span>o Note 28 Bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owin<span class=\"_ _4\"></span>gs). Relate<span class=\"_ _4\"></span>d to t<span class=\"_ _4\"></span>his, E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR pai<span class=\"_ _4\"></span>d a ca<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>llati<span class=\"_ _4\"></span>on fe<span class=\"_ _4\"></span>e to Se<span class=\"_ _4\"></span>quo<span class=\"_ _4\"></span>ia of USD 1<span class=\"_ _3\"></span>.0 million, w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h pr<span class=\"_ _4\"></span>i<span class=\"ws2\">-</span></div>\n<div class=\"t m8 xe hb yb2 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">mar<span class=\"_ _4\"></span>ily ex<span class=\"_ _4\"></span>pl<span class=\"_ _4\"></span>ains t<span class=\"_ _4\"></span>he in<span class=\"_ _4\"></span>crea<span class=\"_ _4\"></span>se in \u201cBa<span class=\"_ _4\"></span>nk<span class=\"_ _4\"></span>ing fe<span class=\"_ _4\"></span>es\u201d<span class=\"_ _2\"></span>.</div>\n<div class=\"t m29c xe h14 y339 ff7 fsd fc2 sc0 ls2 ws5f\" style=\"z-index: 15;\">1 <span class=\"_ _18c\"> </span>The US<span class=\"_ _4\"></span>D 3.3 m<span class=\"_ _4\"></span>illi<span class=\"_ _4\"></span>on i<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>rest e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>e ad<span class=\"_ _4\"></span>ju<span class=\"_ _4\"></span>stm<span class=\"_ _4\"></span>ent re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>s to th<span class=\"_ _4\"></span>e cor<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of an e<span class=\"_ _4\"></span>rro<span class=\"_ _4\"></span>r reg<span class=\"_ _4\"></span>ardi<span class=\"_ _4\"></span>ng t<span class=\"_ _4\"></span>he acc<span class=\"_ _4\"></span>ou<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>g for s<span class=\"_ _4\"></span>ale &amp; l<span class=\"_ _4\"></span>ea<span class=\"_ _4\"></span>se ba<span class=\"_ _4\"></span>ck tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>sac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ons d<span class=\"_ _4\"></span>at<span class=\"ws2\">-</span></div>\n<div class=\"t m29d xe h14 y33a ff7 fsd fc2 sc0 ls2 ws60\" style=\"z-index: 15;\">ing b<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>k to 201<span class=\"_ _3\"></span>9 for fo<span class=\"_ _4\"></span>ur p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>ized v<span class=\"_ _4\"></span>ess<span class=\"_ _4\"></span>el<span class=\"_ _4\"></span>s. The<span class=\"_ _4\"></span>se s<span class=\"_ _4\"></span>ale a<span class=\"_ _4\"></span>nd le<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>e bac<span class=\"_ _4\"></span>k tra<span class=\"_ _4\"></span>nsa<span class=\"_ _4\"></span>ct<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s were a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d for i<span class=\"_ _4\"></span>n acc<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>e with IAS 1<span class=\"_ _3\"></span>7 whe<span class=\"_ _4\"></span>rea<span class=\"_ _4\"></span>s IFRS 16 bec<span class=\"_ _4\"></span>ame</div>\n<div class=\"t m0 xe h14 y33b ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ap<span class=\"_ _4\"></span>pli<span class=\"_ _4\"></span>cab<span class=\"_ _4\"></span>le i<span class=\"_ _4\"></span>n 201<span class=\"_ _3\"></span>9<span class=\"_ _1\"></span>. Th<span class=\"_ _4\"></span>e im<span class=\"_ _4\"></span>pac<span class=\"_ _4\"></span>t wa<span class=\"_ _4\"></span>s con<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>red as n<span class=\"_ _4\"></span>ot mat<span class=\"_ _4\"></span>eri<span class=\"_ _4\"></span>al an<span class=\"_ _4\"></span>d the<span class=\"_ _4\"></span>refo<span class=\"_ _4\"></span>re in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d as a cu<span class=\"_ _4\"></span>rre<span class=\"_ _4\"></span>nt yea<span class=\"_ _4\"></span>r ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>tme<span class=\"_ _4\"></span>nt.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 74px; height: 1065px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 74px; height: 1065px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1 h6 y1d6 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Finance inc<span class=\"_ _3\"></span>ome and e<span class=\"_ _1\"></span>x<span class=\"_ _4\"></span>pense direct<span class=\"_ _4\"></span>ly recogniz<span class=\"_ _1\"></span>ed in equit<span class=\"_ _4\"></span>y</div>\n<div class=\"t m8 x1 hd y2f7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _17d\"> </span>2022<span class=\"_ _7a\"> </span>2021</div>\n<div class=\"t m8 x1 hc y2f8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity accounted investees - share of other compr<span class=\"_ _3\"></span>ehensive income<span class=\"_ _c6\"> </span>1,944<span class=\"_ _18\"> </span>618</div>\n<div class=\"t m8 x1 hc y2f9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Foreign curr<span class=\"_ _3\"></span>ency translation differ<span class=\"_ _3\"></span>ences<span class=\"_ _18d\"> </span>577<span class=\"_ _126\"> </span>-1,521</div>\n<div class=\"t m8 x1 hd y2fa ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Finance income/expense recognised dir<span class=\"_ _3\"></span>ectly in equity<span class=\"_ _18e\"> </span>2,521<span class=\"_ _e7\"> </span>-903</div>\n<div class=\"t m8 x1 hd y327 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Recognised in:</div>\n<div class=\"t m8 x1f hc y328 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ranslation r<span class=\"_ _3\"></span>eserve<span class=\"_ _18f\"> </span>265<span class=\"_ _126\"> </span>-1,942</div>\n<div class=\"t m8 x1f hc y33c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Hedging reserve<span class=\"_ _6d\"> </span>2,249<span class=\"_ _7a\"> </span>1,059</div>\n<div class=\"t m8 x1f hc y33d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-controlling inter<span class=\"_ _3\"></span>est<span class=\"_ _171\"> </span>7<span class=\"_ _44\"> </span>-20</div>\n<div class=\"t m8 x54 hd y33e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2,521<span class=\"_ _e7\"> </span>-904</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 907px; height: 224px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m29e x1 hb y8a ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e movem<span class=\"_ _4\"></span>ent of t<span class=\"_ _4\"></span>he tr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>nsla<span class=\"_ _4\"></span>tion r<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ve i<span class=\"_ _4\"></span>s mainl<span class=\"_ _4\"></span>y th<span class=\"_ _4\"></span>e cons<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>ue<span class=\"_ _4\"></span>nce of t<span class=\"_ _4\"></span>he evol<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>on of t<span class=\"_ _4\"></span>he USD/EUR exc<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ge r<span class=\"_ _4\"></span>ate.</div>\n<div class=\"t m29f x1 hb yd8 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">In ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain of o<span class=\"_ _4\"></span>ur eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es, int<span class=\"_ _4\"></span>eres<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate s<span class=\"_ _4\"></span>wa<span class=\"_ _4\"></span>ps (IRS<span class=\"_ _4\"></span>) con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s we<span class=\"_ _4\"></span>re sig<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>d to cover t<span class=\"_ _4\"></span>heir e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>osu<span class=\"_ _4\"></span>re</div>\n<div class=\"t m8 x1 hb y8b ff1 fs9 fc2 sc0 ls17 ws2c\" style=\"z-index: 15;\">on var<span class=\"_ _4\"></span>iable intere<span class=\"_ _4\"></span>st r<span class=\"_ _4\"></span>ates.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 839px; height: 292px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 839px; height: 292px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m0 xe h6 y1d6 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Currenc<span class=\"_ _4\"></span>y risk</div>\n<div class=\"t m8 xe hb y7f ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k is his<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>ally m<span class=\"_ _4\"></span>ainl<span class=\"_ _4\"></span>y af<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted b<span class=\"_ _4\"></span>y the EUR<span class=\"_ _7\"></span>/USD r<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>o for ma<span class=\"_ _4\"></span>nnin<span class=\"_ _4\"></span>g it<span class=\"_ _4\"></span>s \ufb02ee<span class=\"_ _4\"></span>t, pay<span class=\"_ _4\"></span>ing s<span class=\"_ _4\"></span>alar<span class=\"_ _4\"></span>ies</div>\n<div class=\"t m8 xe hb y1fa ff1 fs9 fc2 sc0 ls2 ws55\" style=\"z-index: 15;\">and a<span class=\"_ _4\"></span>ll oth<span class=\"_ _4\"></span>er pe<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>nel re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s and s<span class=\"_ _4\"></span>ince N<span class=\"_ _4\"></span>ovemb<span class=\"_ _4\"></span>er 20<span class=\"_ _4\"></span>22 als<span class=\"_ _4\"></span>o for t<span class=\"_ _4\"></span>he Bex<span class=\"_ _4\"></span>co ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>ties (s<span class=\"_ _4\"></span>ee No<span class=\"_ _4\"></span>te 5 Bus<span class=\"_ _4\"></span>i</div>\n<div class=\"t m8 x3d hb y43 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m32d xe hb y80 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">nes<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>inat<span class=\"_ _4\"></span>ions a<span class=\"_ _4\"></span>nd ot<span class=\"_ _4\"></span>her s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>e tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s), which a<span class=\"_ _4\"></span>re ex<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d in EUR<span class=\"_ _4\"></span>. In ord<span class=\"_ _4\"></span>er to m<span class=\"_ _4\"></span>oni<span class=\"_ _4\"></span>tor t<span class=\"_ _4\"></span>he cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k,</div>\n<div class=\"t m8 xe hb y81 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p us<span class=\"_ _4\"></span>es a r<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>e of fore<span class=\"_ _4\"></span>ign c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>y rat<span class=\"_ _4\"></span>e hed<span class=\"_ _4\"></span>ging i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d for<span class=\"_ _7\"></span>wa<span class=\"_ _4\"></span>rd co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s if d<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>d nece<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>sar<span class=\"_ _7\"></span>y<span class=\"_ _3\"></span>.</div>\n<div class=\"t m168 xe hb y82 ff1 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">At year-<span class=\"_ _4\"></span>end 20<span class=\"_ _4\"></span>22, EX<span class=\"_ _4\"></span>MAR p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>ed US<span class=\"_ _4\"></span>D 1<span class=\"_ _1\"></span>3.8 millio<span class=\"_ _4\"></span>n for<span class=\"_ _7\"></span>war<span class=\"_ _4\"></span>ds, w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h res<span class=\"_ _4\"></span>ulte<span class=\"_ _4\"></span>d in a f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue gai<span class=\"_ _4\"></span>n of USD 1<span class=\"_ _3\"></span>.<span class=\"_ _2\"></span>1 m<span class=\"_ _4\"></span>illion.</div>\n<div class=\"t m8 xe hb y83 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s per D<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2021<span class=\"_ _1\"></span>, no \ufb01na<span class=\"_ _4\"></span>ncial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>s were o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>and<span class=\"_ _4\"></span>ing to cove<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e EUR<span class=\"_ _4\"></span>/US<span class=\"_ _4\"></span>D<span class=\"_ _1\"></span>.</div>\n<div class=\"t m8 xe hb y20b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">At year-<span class=\"_ _4\"></span>end 20<span class=\"_ _4\"></span>22, EX<span class=\"_ _4\"></span>MAR h<span class=\"_ _4\"></span>ad als<span class=\"_ _4\"></span>o pu<span class=\"_ _4\"></span>rch<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d EUR 75.6 million d<span class=\"_ _4\"></span>aily s<span class=\"_ _4\"></span>wap<span class=\"_ _4\"></span>s for US<span class=\"_ _4\"></span>D 80.6 mil<span class=\"_ _4\"></span>lion.</div>\n<div class=\"t m32e xe hb y85 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">In pr<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>r year<span class=\"_ _4\"></span>s and u<span class=\"_ _4\"></span>ntil m<span class=\"_ _4\"></span>atur<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y o<span class=\"_ _4\"></span>f the u<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>red N<span class=\"_ _4\"></span>OK 650.0 milli<span class=\"_ _4\"></span>on in M<span class=\"_ _4\"></span>ay 2022, the g<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p als<span class=\"_ _4\"></span>o clo<span class=\"_ _4\"></span>sel<span class=\"_ _4\"></span>y moni<span class=\"_ _4\"></span>tore<span class=\"_ _4\"></span>d</div>\n<div class=\"t m32f xe hb y86 ff1 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e NOK<span class=\"_ _7\"></span>/USD evo<span class=\"_ _4\"></span>luti<span class=\"_ _4\"></span>on an<span class=\"_ _4\"></span>d pur<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d for<span class=\"_ _7\"></span>war<span class=\"_ _4\"></span>d cont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s to cove<span class=\"_ _4\"></span>r the r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k. En<span class=\"_ _4\"></span>d 2021<span class=\"_ _1\"></span>, EX<span class=\"_ _4\"></span>MAR p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>ed N<span class=\"_ _4\"></span>OK 240.0</div>\n<div class=\"t m330 xe hb y87 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">millio<span class=\"_ _4\"></span>n for<span class=\"_ _7\"></span>war<span class=\"_ _4\"></span>ds fo<span class=\"_ _4\"></span>r USD 26.3 milli<span class=\"_ _4\"></span>on, whi<span class=\"_ _4\"></span>ch re<span class=\"_ _4\"></span>sult<span class=\"_ _4\"></span>ed in a f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue g<span class=\"_ _4\"></span>ain of USD 0.<span class=\"_ _3\"></span>9 millio<span class=\"_ _4\"></span>n, however i<span class=\"_ _4\"></span>n 2022 a lo<span class=\"_ _4\"></span>ss o<span class=\"_ _4\"></span>f</div>\n<div class=\"t m331 xe hb y8c ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">USD 2.6 milli<span class=\"_ _4\"></span>on wa<span class=\"_ _4\"></span>s reali<span class=\"_ _4\"></span>zed o<span class=\"_ _4\"></span>n the s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>lem<span class=\"_ _4\"></span>ent of t<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e for<span class=\"_ _7\"></span>wa<span class=\"_ _4\"></span>rds, b<span class=\"_ _4\"></span>ut w<span class=\"_ _4\"></span>as of<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et by t<span class=\"_ _4\"></span>he reali<span class=\"_ _4\"></span>zed fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n exc<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y88 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">gain u<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>n rep<span class=\"_ _4\"></span>aym<span class=\"_ _4\"></span>ent of t<span class=\"_ _4\"></span>he b<span class=\"_ _4\"></span>ond (s<span class=\"_ _4\"></span>ee No<span class=\"_ _4\"></span>te 1<span class=\"_ _1\"></span>2 Fi<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>e inco<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>/<span class=\"_ _1\"></span>ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d Note 28 Bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owi<span class=\"_ _4\"></span>ngs).</div>\n<div class=\"t m0 xe h2 y8a ff2 fs0 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>ure t<span class=\"_ _4\"></span>o ris<span class=\"_ _4\"></span>k</div>\n<div class=\"t m8 xe hb yd8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>ure to c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y ri<span class=\"_ _4\"></span>sk<span class=\"_ _4\"></span>, bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n notio<span class=\"_ _4\"></span>nal a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s in th<span class=\"_ _4\"></span>ous<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ds of f<span class=\"_ _4\"></span>oreig<span class=\"_ _4\"></span>n cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y:</div>\n<div class=\"t m8 xe hd y5b3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of local</div>\n<div class=\"t m8 xe hd y5b4 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">currency)</div>\n<div class=\"t m8 x94 hd y5b5 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _9f\"> </span>2021</div>\n<div class=\"t m8 xa2 hd y5b6 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EUR<span class=\"_ _137\"> </span>NOK<span class=\"_ _8b\"> </span>XAF<span class=\"_ _8b\"> </span>ARS<span class=\"_ _23f\"> </span>EUR<span class=\"_ _137\"> </span>NOK<span class=\"_ _e5\"> </span>SGD<span class=\"_ _8b\"> </span>ARS</div>\n<div class=\"t m8 xe hc y5b7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Receivables<span class=\"_ _170\"> </span>12,435<span class=\"_ _137\"> </span>1,899<span class=\"_ _1de\"> </span>434,754<span class=\"_ _240\"> </span>225,083<span class=\"_ _137\"> </span>5,845<span class=\"_ _8a\"> </span>55<span class=\"_ _8a\"> </span>27<span class=\"_ _240\"> </span>199,458</div>\n<div class=\"t m8 xe hc y5b8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Payables<span class=\"_ _1f2\"> </span>-16,083<span class=\"_ _7a\"> </span>0<span class=\"_ _1c7\"> </span>-12,801<span class=\"_ _1c7\"> </span>-37,564<span class=\"_ _1c7\"> </span>-10,453<span class=\"_ _1cd\"> </span>-7,636<span class=\"_ _ac\"> </span>-106<span class=\"_ _1c7\"> </span>-30,640</div>\n<div class=\"t m8 xe hc y5b9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest-bearing loans<span class=\"_ _216\"> </span>0<span class=\"_ _7a\"> </span>0<span class=\"_ _7a\"> </span>0<span class=\"_ _7a\"> </span>0<span class=\"_ _7a\"> </span>0<span class=\"_ _1ca\"> </span>-625,391<span class=\"_ _7a\"> </span>0<span class=\"_ _7a\"> </span>0</div>\n<div class=\"t m8 xe hd y5ba ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance sheet</div>\n<div class=\"t m8 xe hd y5bb ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">exposure\u2005</div>\n<div class=\"t m8 xa3 hd y5bc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-3,648<span class=\"_ _1cd\"> </span>1,899<span class=\"_ _1c3\"> </span>421,953<span class=\"_ _1c3\"> </span>187,519<span class=\"_ _1d7\"> </span>-4,608<span class=\"_ _1d0\"> </span>-632,972<span class=\"_ _1a2\"> </span>-79<span class=\"_ _241\"> </span>168,818</div>\n<div class=\"t m8 xe hc y5bd ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Forward contracts<span class=\"_ _242\"> </span>240,000</div>\n<div class=\"t m8 xe hd y5be ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net exposure<span class=\"_ _131\"> </span>-3,648<span class=\"_ _1cd\"> </span>1,899<span class=\"_ _1c3\"> </span>421,953<span class=\"_ _241\"> </span>187,519<span class=\"_ _1e5\"> </span>-4,608<span class=\"_ _1d0\"> </span>-392,972<span class=\"_ _5b\"> </span>-79<span class=\"_ _1c3\"> </span>168,818</div>\n<div class=\"t m8 xe hc y5bf ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">In thousands of USD<span class=\"_ _a0\"> </span>-3,891<span class=\"_ _5b\"> </span>193<span class=\"_ _eb\"> </span>686<span class=\"_ _137\"> </span>1,059<span class=\"_ _107\"> </span>-5,219<span class=\"_ _1c7\"> </span>-44,558<span class=\"_ _14d\"> </span>-59<span class=\"_ _137\"> </span>1,643</div>\n<div class=\"t m332 xe hb y55 ff1 fs9 fc2 sc0 ls25 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e above ove<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>iew re<span class=\"_ _4\"></span>\ufb02ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>re for t<span class=\"_ _4\"></span>he to<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>4 cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks<span class=\"_ _4\"></span>. As t<span class=\"_ _4\"></span>he X<span class=\"_ _7\"></span>AF (C<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>ral A<span class=\"_ _4\"></span>fr<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>an CFA Fran<span class=\"_ _4\"></span>c) be<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>me</div>\n<div class=\"t m8 xe hb y56 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">mor<span class=\"_ _4\"></span>e imp<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>ta<span class=\"_ _4\"></span>nt in 202<span class=\"_ _4\"></span>2 tha<span class=\"_ _4\"></span>n the S<span class=\"_ _4\"></span>GD (Sing<span class=\"_ _4\"></span>apo<span class=\"_ _4\"></span>re Do<span class=\"_ _4\"></span>llar) w<span class=\"_ _4\"></span>e have inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>he X<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span>F for 20<span class=\"_ _4\"></span>22 ins<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>ad of th<span class=\"_ _4\"></span>e SGD.</div>\n<div class=\"t m0 xe h2 y58 ff2 fs0 fc2 sc0 ls39 ws35\" style=\"z-index: 15;\">Sensitivit<span class=\"_ _4\"></span>y analysis</div>\n<div class=\"t m1f3 xe hb y59 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s per D<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2022 an i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e in t<span class=\"_ _4\"></span>he year-<span class=\"_ _4\"></span>end EUR<span class=\"_ _7\"></span>/USD r<span class=\"_ _4\"></span>ate o<span class=\"_ _4\"></span>f 1<span class=\"_ _3\"></span>0.0% wo<span class=\"_ _4\"></span>uld af<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>t the s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t of pro<span class=\"_ _4\"></span>\ufb01t</div>\n<div class=\"t m333 xe hb y5a ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">or lo<span class=\"_ _4\"></span>ss w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h USD -<span class=\"_ _4\"></span>0.4 millio<span class=\"_ _4\"></span>n (2021<span class=\"_ _1\"></span>: USD -<span class=\"_ _4\"></span>0.<span class=\"_ _4\"></span>5 million). A 1<span class=\"_ _3\"></span>0.0% de<span class=\"_ _4\"></span>cr<span class=\"_ _4\"></span>ease o<span class=\"_ _4\"></span>f the EUR<span class=\"_ _7\"></span>/USD r<span class=\"_ _4\"></span>ate wo<span class=\"_ _4\"></span>uld i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t th<span class=\"_ _4\"></span>e pro\ufb01<span class=\"_ _4\"></span>t</div>\n<div class=\"t m8 xe hb y5b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">or lo<span class=\"_ _4\"></span>ss s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h the s<span class=\"_ _4\"></span>am<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt (op<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>site s<span class=\"_ _4\"></span>ign).</div>\n<div class=\"t m8 xe hb y1bd ff1 fs9 fc2 sc0 ls2 ws3a\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s per D<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2022 an i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e in th<span class=\"_ _4\"></span>e year-e<span class=\"_ _4\"></span>nd NO<span class=\"_ _4\"></span>K<span class=\"_ _4\"></span>/<span class=\"_ _4\"></span>USD ra<span class=\"_ _4\"></span>te of 10% woul<span class=\"_ _4\"></span>d af<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>tat<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt of pr<span class=\"_ _4\"></span>o\ufb01t</div>\n<div class=\"t m32b xe hb y5d ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">or lo<span class=\"_ _4\"></span>ss w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h USD -<span class=\"_ _4\"></span>0.02 milli<span class=\"_ _4\"></span>on (2021<span class=\"_ _1\"></span>: USD -<span class=\"_ _4\"></span>4.<span class=\"_ _4\"></span>5 millio<span class=\"_ _4\"></span>n)<span class=\"_ _1\"></span>. A 10.0% de<span class=\"_ _4\"></span>cr<span class=\"_ _4\"></span>ease o<span class=\"_ _4\"></span>f the N<span class=\"_ _4\"></span>OK<span class=\"_ _4\"></span>/ US<span class=\"_ _4\"></span>D rat<span class=\"_ _4\"></span>e woul<span class=\"_ _4\"></span>d imp<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m8 xe hb y5e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>\ufb01t or lo<span class=\"_ _4\"></span>ss s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t wit<span class=\"_ _4\"></span>h th<span class=\"_ _4\"></span>e sam<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt (op<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>site s<span class=\"_ _4\"></span>ign).</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 459px; height: 672px; width: 88%; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag493": {
   "value": "\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 xe h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 1<span class=\"_ _179\"></span>2 - FINANCE INC<span class=\"_ _3\"></span>OME / EXPENS<span class=\"_ _3\"></span>ES</div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m8 xe hd y2f7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _17d\"> </span>2022<span class=\"_ _7a\"> </span>2021</div>\n<div class=\"t m8 xe hc y2f8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income on borr<span class=\"_ _3\"></span>owings to equity accounted investees\u2005<span class=\"_ _17e\"> </span>1,929<span class=\"_ _7a\"> </span>1,508</div>\n<div class=\"t m8 xe hc y2f9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income on cash and cash equivalents<span class=\"_ _13b\"> </span>5,196<span class=\"_ _1a\"> </span>29</div>\n<div class=\"t m8 xe hd y2fa ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income<span class=\"_ _17f\"> </span>7,125<span class=\"_ _126\"> </span>1,537</div>\n<div class=\"t m8 xe hc y327 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expenses on borr<span class=\"_ _3\"></span>owings<span class=\"_ _90\"> </span>-21,954<span class=\"_ _9c\"> </span>-15,526</div>\n<div class=\"t m8 xe hd y328 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expenses<span class=\"_ _180\"> </span>-21,954<span class=\"_ _db\"> </span>-15,526</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 8%; bottom: 967px; height: 140px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 967px; height: 140px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m28f xe hb y87 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t inc<span class=\"_ _4\"></span>ome o<span class=\"_ _4\"></span>n bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owin<span class=\"_ _4\"></span>gs to e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ees r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>s to int<span class=\"_ _4\"></span>eres<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s c<span class=\"_ _4\"></span>harg<span class=\"_ _4\"></span>ed to t<span class=\"_ _4\"></span>he e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y ac<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m290 xe hb y8c ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">cou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es on t<span class=\"_ _4\"></span>he b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s prov<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>d by E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR an<span class=\"_ _4\"></span>d inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>s a res<span class=\"_ _4\"></span>ult of hi<span class=\"_ _4\"></span>ghe<span class=\"_ _4\"></span>r aver<span class=\"_ _4\"></span>age o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>ng</div>\n<div class=\"t m8 xe hb y88 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">bala<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>s. We refe<span class=\"_ _4\"></span>r in t<span class=\"_ _4\"></span>his re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t al<span class=\"_ _4\"></span>so to N<span class=\"_ _4\"></span>ote 1<span class=\"_ _1\"></span>9 Bo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs to e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 905px; height: 202px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 905px; height: 202px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m8 xe hb y1cb ff1 fs9 fc2 sc0 ls2 ws55\" style=\"z-index: 15;\">Inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t in<span class=\"_ _4\"></span>com<span class=\"_ _4\"></span>e on c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h and c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h eq<span class=\"_ _4\"></span>uiv<span class=\"_ _4\"></span>alen<span class=\"_ _4\"></span>ts i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ed s<span class=\"_ _4\"></span>igni\ufb01<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>ntly t<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ks t<span class=\"_ _4\"></span>o the hi<span class=\"_ _4\"></span>gher c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h p<span class=\"_ _4\"></span>osi<span class=\"_ _4\"></span>tion o<span class=\"_ _4\"></span>f EX<span class=\"_ _4\"></span>MA<span class=\"_ _4\"></span>R</div>\n<div class=\"t m8 xe hb y1cc ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">after the proceeds of the sale of the shares of Export LNG Ltd, owner of TANGO FLNG (see Note 4 Divestitures).</div>\n\n<div><br/></div>\n\n<div class=\"t m291 xe hb y8b ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>es re<span class=\"_ _4\"></span>late to E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR<span class=\"_ _4\"></span>\u2019s bor<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s as dis<span class=\"_ _4\"></span>clo<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d in Not<span class=\"_ _4\"></span>e 28 Bor<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s and t<span class=\"_ _4\"></span>he in<span class=\"_ _4\"></span>crea<span class=\"_ _4\"></span>se of US<span class=\"_ _4\"></span>D 6.4</div>\n<div class=\"t m292 xe hb y4a ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">millio<span class=\"_ _4\"></span>n is mai<span class=\"_ _4\"></span>nly t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>mbi<span class=\"_ _4\"></span>ned e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>t of (i<span class=\"_ _4\"></span>) the \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ing of t<span class=\"_ _4\"></span>he t<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>o new VLGC\u2019s sin<span class=\"_ _4\"></span>ce mid 20<span class=\"_ _4\"></span>21 (USD 5.3 millio<span class=\"_ _4\"></span>n)<span class=\"_ _3\"></span>,</div>\n<div class=\"t m293 xe hb y4b ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">(ii<span class=\"_ _4\"></span>) the e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>tive i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>st c<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>rec<span class=\"_ _7\"></span>tion o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e pre<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ized \ufb02<span class=\"_ _4\"></span>eet fo<span class=\"_ _4\"></span>llowi<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e exerc<span class=\"_ _4\"></span>ise of t<span class=\"_ _4\"></span>he ea<span class=\"_ _4\"></span>rly b<span class=\"_ _4\"></span>uy-<span class=\"_ _4\"></span>o<span class=\"_ _4\"></span>ut o<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n (USD</div>\n<div class=\"t m8 xe hb y4c ff1 fs9 fc2 sc0 ls2 ws2c\" style=\"z-index: 15;\">5.5 millio<span class=\"_ _4\"></span>n, of whic<span class=\"_ _4\"></span>h USD 3.3 m<span class=\"_ _4\"></span>illion i<span class=\"_ _4\"></span>s an ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ment of t<span class=\"_ _4\"></span>he hi<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ori<span class=\"_ _4\"></span>c inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse o<span class=\"_ _4\"></span>f pr<span class=\"_ _4\"></span>ior \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al year<span class=\"_ _4\"></span>s</div>\n<div class=\"t m294 x52 h15 y329 ff1 fse fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">1</div>\n<div class=\"t m8 x53 hb y4c ff1 fs9 fc2 sc0 ls2e ws17\" style=\"z-index: 15;\">) (bo<span class=\"_ _3\"></span>th</div>\n<div class=\"t m295 xe hb y4d ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">Shi<span class=\"_ _4\"></span>ppi<span class=\"_ _4\"></span>ng se<span class=\"_ _4\"></span>gm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>), of<span class=\"_ _4\"></span>fs<span class=\"_ _4\"></span>et by (<span class=\"_ _4\"></span>iii) lo<span class=\"_ _4\"></span>wer i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s in th<span class=\"_ _4\"></span>e Inf<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ure s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>ment d<span class=\"_ _4\"></span>ue to t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>pay<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t of th<span class=\"_ _4\"></span>e NOK</div>\n<div class=\"t m296 xe hb y4e ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">bo<span class=\"_ _4\"></span>nd (US<span class=\"_ _4\"></span>D 3.3 millio<span class=\"_ _4\"></span>n) at mat<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y en<span class=\"_ _4\"></span>d May 2022 a<span class=\"_ _4\"></span>nd lo<span class=\"_ _4\"></span>wer ma<span class=\"_ _4\"></span>rgin<span class=\"_ _4\"></span>s and e<span class=\"_ _4\"></span>arl<span class=\"_ _4\"></span>y rep<span class=\"_ _4\"></span>aym<span class=\"_ _4\"></span>ent of t<span class=\"_ _4\"></span>he Ba<span class=\"_ _4\"></span>nk O<span class=\"_ _4\"></span>f Chin<span class=\"_ _4\"></span>a loa<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 xe hb y72 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">facility in August 2022 upon the sale of the shares of Export LNG Ltd, owner of TANGO FLNG (USD 1.8 million).</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 740px; height: 119px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t m8 xe hd y32a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _17d\"> </span>2022<span class=\"_ _7a\"> </span>2021</div>\n<div class=\"t m8 xe hc y32b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Realised exchange gains<span class=\"_ _181\"> </span>2,967<span class=\"_ _7a\"> </span>2,237</div>\n<div class=\"t m8 xe hc y32c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unrealised exchange gains<span class=\"_ _182\"> </span>2,418<span class=\"_ _7a\"> </span>6,270</div>\n<div class=\"t m8 xe hc y32d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Dividend income from non-consolidated companies<span class=\"_ _183\"> </span>18<span class=\"_ _1a\"> </span>16</div>\n<div class=\"t m8 xe hc y32e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity securities measured at FVTPL<span class=\"_ _90\"> </span>280<span class=\"_ _18\"> </span>662</div>\n<div class=\"t m8 xe hc y32f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fair value gain on \ufb01nancial instruments<span class=\"_ _a9\"> </span>934<span class=\"_ _18\"> </span>920</div>\n<div class=\"t m8 xe hc y330 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Premium r<span class=\"_ _3\"></span>efund<span class=\"_ _184\"> </span>2,497<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m8 xe hc y331 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other\u2005<span class=\"_ _11e\"> </span>410<span class=\"_ _1a\"> </span>92</div>\n<div class=\"t m8 xe hd y332 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other \ufb01nance income<span class=\"_ _185\"> </span>9,525<span class=\"_ _14d\"> </span>10,198</div>\n<div class=\"t m8 xe hc y333 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Realised exchange losses<span class=\"_ _186\"> </span>-6,324<span class=\"_ _64\"> </span>-928</div>\n<div class=\"t m8 xe hc y334 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unrealised exchange losses<span class=\"_ _187\"> </span>-1,236<span class=\"_ _126\"> </span>-1,933</div>\n<div class=\"t m8 xe hc y335 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Amortisation transaction costs<span class=\"_ _188\"> </span>-7,504<span class=\"_ _126\"> </span>-2,674</div>\n<div class=\"t m8 xe hc y336 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Banking fees<span class=\"_ _189\"> </span>-2,280<span class=\"_ _64\"> </span>-922</div>\n<div class=\"t m8 xe hc y337 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other\u2005\u2005<span class=\"_ _18a\"> </span>-711<span class=\"_ _64\"> </span>-328</div>\n<div class=\"t m8 xe hd y338 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other \ufb01nance expenses<span class=\"_ _18b\"> </span>-18,055<span class=\"_ _a0\"> </span>-6,785</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 412px; height: 447px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m297 xe hb ya9 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e realize<span class=\"_ _4\"></span>d exc<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>e gain<span class=\"_ _4\"></span>s, net of t<span class=\"_ _4\"></span>he se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>tle<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s of re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d der<span class=\"_ _4\"></span>iv<span class=\"_ _4\"></span>ative a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s, pr<span class=\"_ _4\"></span>im<span class=\"_ _4\"></span>aril<span class=\"_ _4\"></span>y rela<span class=\"_ _4\"></span>te to th<span class=\"_ _4\"></span>e NOK</div>\n<div class=\"t m8 xe hb yaa ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">bo<span class=\"_ _4\"></span>nd re<span class=\"_ _4\"></span>pay<span class=\"_ _4\"></span>ment i<span class=\"_ _4\"></span>n May 2022.</div>\n<div class=\"t m298 xe hb yab ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e unrea<span class=\"_ _4\"></span>lized e<span class=\"_ _4\"></span>xcha<span class=\"_ _4\"></span>nge g<span class=\"_ _4\"></span>ains d<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>ed as 2<span class=\"_ _4\"></span>021 inclu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d USD 2.4 millio<span class=\"_ _4\"></span>n gain<span class=\"_ _4\"></span>s on th<span class=\"_ _4\"></span>e tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>lati<span class=\"_ _4\"></span>on of t<span class=\"_ _4\"></span>he NOK</div>\n<div class=\"t m8 xe hb yac ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">bo<span class=\"_ _4\"></span>nd int<span class=\"_ _4\"></span>o USD.</div>\n<div class=\"t m299 xe hb yad ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s a res<span class=\"_ _4\"></span>ult of t<span class=\"_ _4\"></span>he ear<span class=\"_ _4\"></span>ly r<span class=\"_ _4\"></span>epay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e Ban<span class=\"_ _4\"></span>k of Chin<span class=\"_ _4\"></span>a loa<span class=\"_ _4\"></span>n, the Gro<span class=\"_ _4\"></span>up o<span class=\"_ _4\"></span>bta<span class=\"_ _4\"></span>ine<span class=\"_ _4\"></span>d a ref<span class=\"_ _4\"></span>und o<span class=\"_ _4\"></span>f USD 2.5 millio<span class=\"_ _4\"></span>n on</div>\n<div class=\"t m8 xe hb yc8 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">previously paid credit insur<span class=\"_ _4\"></span>ance premiums.</div>\n<div class=\"t m29a xe hb yae ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e realiz<span class=\"_ _4\"></span>ed exc<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ge lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es of 20<span class=\"_ _4\"></span>22 inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>e USD 5.6 milli<span class=\"_ _4\"></span>on lo<span class=\"_ _4\"></span>ss o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e set<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>le<span class=\"_ _4\"></span>ment o<span class=\"_ _4\"></span>f EUR-<span class=\"_ _4\"></span>USD sh<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>t-ter<span class=\"_ _4\"></span>m s<span class=\"_ _4\"></span>wap<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m29b xe hb yaf ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>sat<span class=\"_ _4\"></span>ion of t<span class=\"_ _4\"></span>he t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on co<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ed d<span class=\"_ _4\"></span>ue to t<span class=\"_ _4\"></span>he acc<span class=\"_ _4\"></span>ele<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ted re<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>gnit<span class=\"_ _4\"></span>ion of t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>ap<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>alize<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>ncin<span class=\"_ _4\"></span>g</div>\n<div class=\"t m285 xe hb yb0 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">fee<span class=\"_ _4\"></span>s on t<span class=\"_ _4\"></span>he Ban<span class=\"_ _4\"></span>k of Chi<span class=\"_ _4\"></span>na loa<span class=\"_ _4\"></span>n and S<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uoia c<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>dit f<span class=\"_ _4\"></span>aci<span class=\"_ _4\"></span>lit<span class=\"_ _4\"></span>y up<span class=\"_ _4\"></span>on t<span class=\"_ _4\"></span>he ea<span class=\"_ _4\"></span>rly t<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>mina<span class=\"_ _4\"></span>tion o<span class=\"_ _4\"></span>f the<span class=\"_ _4\"></span>se lo<span class=\"_ _4\"></span>an ag<span class=\"_ _4\"></span>ree<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s (see</div>\n<div class=\"t m8 xe hb yb1 ff1 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">als<span class=\"_ _4\"></span>o Note 28 Bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owin<span class=\"_ _4\"></span>gs). Relate<span class=\"_ _4\"></span>d to t<span class=\"_ _4\"></span>his, E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR pai<span class=\"_ _4\"></span>d a ca<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>llati<span class=\"_ _4\"></span>on fe<span class=\"_ _4\"></span>e to Se<span class=\"_ _4\"></span>quo<span class=\"_ _4\"></span>ia of USD 1<span class=\"_ _3\"></span>.0 million, w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h pr<span class=\"_ _4\"></span>i<span class=\"ws2\">-</span></div>\n<div class=\"t m8 xe hb yb2 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">mar<span class=\"_ _4\"></span>ily ex<span class=\"_ _4\"></span>pl<span class=\"_ _4\"></span>ains t<span class=\"_ _4\"></span>he in<span class=\"_ _4\"></span>crea<span class=\"_ _4\"></span>se in \u201cBa<span class=\"_ _4\"></span>nk<span class=\"_ _4\"></span>ing fe<span class=\"_ _4\"></span>es\u201d<span class=\"_ _2\"></span>.</div>\n<div class=\"t m29c xe h14 y339 ff7 fsd fc2 sc0 ls2 ws5f\" style=\"z-index: 15;\">1 <span class=\"_ _18c\"> </span>The US<span class=\"_ _4\"></span>D 3.3 m<span class=\"_ _4\"></span>illi<span class=\"_ _4\"></span>on i<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>rest e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>e ad<span class=\"_ _4\"></span>ju<span class=\"_ _4\"></span>stm<span class=\"_ _4\"></span>ent re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>s to th<span class=\"_ _4\"></span>e cor<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of an e<span class=\"_ _4\"></span>rro<span class=\"_ _4\"></span>r reg<span class=\"_ _4\"></span>ardi<span class=\"_ _4\"></span>ng t<span class=\"_ _4\"></span>he acc<span class=\"_ _4\"></span>ou<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>g for s<span class=\"_ _4\"></span>ale &amp; l<span class=\"_ _4\"></span>ea<span class=\"_ _4\"></span>se ba<span class=\"_ _4\"></span>ck tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>sac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ons d<span class=\"_ _4\"></span>at<span class=\"ws2\">-</span></div>\n<div class=\"t m29d xe h14 y33a ff7 fsd fc2 sc0 ls2 ws60\" style=\"z-index: 15;\">ing b<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>k to 201<span class=\"_ _3\"></span>9 for fo<span class=\"_ _4\"></span>ur p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>ized v<span class=\"_ _4\"></span>ess<span class=\"_ _4\"></span>el<span class=\"_ _4\"></span>s. The<span class=\"_ _4\"></span>se s<span class=\"_ _4\"></span>ale a<span class=\"_ _4\"></span>nd le<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>e bac<span class=\"_ _4\"></span>k tra<span class=\"_ _4\"></span>nsa<span class=\"_ _4\"></span>ct<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s were a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d for i<span class=\"_ _4\"></span>n acc<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>e with IAS 1<span class=\"_ _3\"></span>7 whe<span class=\"_ _4\"></span>rea<span class=\"_ _4\"></span>s IFRS 16 bec<span class=\"_ _4\"></span>ame</div>\n<div class=\"t m0 xe h14 y33b ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ap<span class=\"_ _4\"></span>pli<span class=\"_ _4\"></span>cab<span class=\"_ _4\"></span>le i<span class=\"_ _4\"></span>n 201<span class=\"_ _3\"></span>9<span class=\"_ _1\"></span>. Th<span class=\"_ _4\"></span>e im<span class=\"_ _4\"></span>pac<span class=\"_ _4\"></span>t wa<span class=\"_ _4\"></span>s con<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>red as n<span class=\"_ _4\"></span>ot mat<span class=\"_ _4\"></span>eri<span class=\"_ _4\"></span>al an<span class=\"_ _4\"></span>d the<span class=\"_ _4\"></span>refo<span class=\"_ _4\"></span>re in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d as a cu<span class=\"_ _4\"></span>rre<span class=\"_ _4\"></span>nt yea<span class=\"_ _4\"></span>r ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>tme<span class=\"_ _4\"></span>nt.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 74px; height: 1065px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1 h6 y1d6 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Finance inc<span class=\"_ _3\"></span>ome and e<span class=\"_ _1\"></span>x<span class=\"_ _4\"></span>pense direct<span class=\"_ _4\"></span>ly recogniz<span class=\"_ _1\"></span>ed in equit<span class=\"_ _4\"></span>y</div>\n<div class=\"t m8 x1 hd y2f7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _17d\"> </span>2022<span class=\"_ _7a\"> </span>2021</div>\n<div class=\"t m8 x1 hc y2f8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity accounted investees - share of other compr<span class=\"_ _3\"></span>ehensive income<span class=\"_ _c6\"> </span>1,944<span class=\"_ _18\"> </span>618</div>\n<div class=\"t m8 x1 hc y2f9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Foreign curr<span class=\"_ _3\"></span>ency translation differ<span class=\"_ _3\"></span>ences<span class=\"_ _18d\"> </span>577<span class=\"_ _126\"> </span>-1,521</div>\n<div class=\"t m8 x1 hd y2fa ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Finance income/expense recognised dir<span class=\"_ _3\"></span>ectly in equity<span class=\"_ _18e\"> </span>2,521<span class=\"_ _e7\"> </span>-903</div>\n<div class=\"t m8 x1 hd y327 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Recognised in:</div>\n<div class=\"t m8 x1f hc y328 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ranslation r<span class=\"_ _3\"></span>eserve<span class=\"_ _18f\"> </span>265<span class=\"_ _126\"> </span>-1,942</div>\n<div class=\"t m8 x1f hc y33c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Hedging reserve<span class=\"_ _6d\"> </span>2,249<span class=\"_ _7a\"> </span>1,059</div>\n<div class=\"t m8 x1f hc y33d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-controlling inter<span class=\"_ _3\"></span>est<span class=\"_ _171\"> </span>7<span class=\"_ _44\"> </span>-20</div>\n<div class=\"t m8 x54 hd y33e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2,521<span class=\"_ _e7\"> </span>-904</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 907px; height: 224px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m29e x1 hb y8a ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e movem<span class=\"_ _4\"></span>ent of t<span class=\"_ _4\"></span>he tr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>nsla<span class=\"_ _4\"></span>tion r<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ve i<span class=\"_ _4\"></span>s mainl<span class=\"_ _4\"></span>y th<span class=\"_ _4\"></span>e cons<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>ue<span class=\"_ _4\"></span>nce of t<span class=\"_ _4\"></span>he evol<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>on of t<span class=\"_ _4\"></span>he USD/EUR exc<span class=\"_ _4\"></span>han<span class=\"_ _4\"></span>ge r<span class=\"_ _4\"></span>ate.</div>\n<div class=\"t m29f x1 hb yd8 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">In ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain of o<span class=\"_ _4\"></span>ur eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es, int<span class=\"_ _4\"></span>eres<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate s<span class=\"_ _4\"></span>wa<span class=\"_ _4\"></span>ps (IRS<span class=\"_ _4\"></span>) con<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s we<span class=\"_ _4\"></span>re sig<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>d to cover t<span class=\"_ _4\"></span>heir e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>osu<span class=\"_ _4\"></span>re</div>\n<div class=\"t m8 x1 hb y8b ff1 fs9 fc2 sc0 ls17 ws2c\" style=\"z-index: 15;\">on var<span class=\"_ _4\"></span>iable intere<span class=\"_ _4\"></span>st r<span class=\"_ _4\"></span>ates.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 839px; height: 292px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "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 m8 xe hd y2f7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _17d\"> </span>2022<span class=\"_ _7a\"> </span>2021</div>\n<div class=\"t m8 xe hc y2f8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income on borr<span class=\"_ _3\"></span>owings to equity accounted investees\u2005<span class=\"_ _17e\"> </span>1,929<span class=\"_ _7a\"> </span>1,508</div>\n<div class=\"t m8 xe hc y2f9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income on cash and cash equivalents<span class=\"_ _13b\"> </span>5,196<span class=\"_ _1a\"> </span>29</div>\n<div class=\"t m8 xe hd y2fa ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income<span class=\"_ _17f\"> </span>7,125<span class=\"_ _126\"> </span>1,537</div>\n<div class=\"t m8 xe hc y327 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expenses on borr<span class=\"_ _3\"></span>owings<span class=\"_ _90\"> </span>-21,954<span class=\"_ _9c\"> </span>-15,526</div>\n<div class=\"t m8 xe hd y328 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expenses<span class=\"_ _180\"> </span>-21,954<span class=\"_ _db\"> </span>-15,526</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 8%; bottom: 967px; height: 140px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 967px; height: 140px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m28f xe hb y87 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t inc<span class=\"_ _4\"></span>ome o<span class=\"_ _4\"></span>n bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owin<span class=\"_ _4\"></span>gs to e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ees r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>s to int<span class=\"_ _4\"></span>eres<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s c<span class=\"_ _4\"></span>harg<span class=\"_ _4\"></span>ed to t<span class=\"_ _4\"></span>he e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y ac<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m290 xe hb y8c ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">cou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es on t<span class=\"_ _4\"></span>he b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s prov<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>d by E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR an<span class=\"_ _4\"></span>d inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>s a res<span class=\"_ _4\"></span>ult of hi<span class=\"_ _4\"></span>ghe<span class=\"_ _4\"></span>r aver<span class=\"_ _4\"></span>age o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>ng</div>\n<div class=\"t m8 xe hb y88 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">bala<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>s. We refe<span class=\"_ _4\"></span>r in t<span class=\"_ _4\"></span>his re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t al<span class=\"_ _4\"></span>so to N<span class=\"_ _4\"></span>ote 1<span class=\"_ _1\"></span>9 Bo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs to e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 905px; height: 202px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 905px; height: 202px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag489": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m8 xe hd y2f7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _17d\"> </span>2022<span class=\"_ _7a\"> </span>2021</div>\n<div class=\"t m8 xe hc y2f8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income on borr<span class=\"_ _3\"></span>owings to equity accounted investees\u2005<span class=\"_ _17e\"> </span>1,929<span class=\"_ _7a\"> </span>1,508</div>\n<div class=\"t m8 xe hc y2f9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income on cash and cash equivalents<span class=\"_ _13b\"> </span>5,196<span class=\"_ _1a\"> </span>29</div>\n<div class=\"t m8 xe hd y2fa ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income<span class=\"_ _17f\"> </span>7,125<span class=\"_ _126\"> </span>1,537</div>\n<div class=\"t m8 xe hc y327 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expenses on borr<span class=\"_ _3\"></span>owings<span class=\"_ _90\"> </span>-21,954<span class=\"_ _9c\"> </span>-15,526</div>\n<div class=\"t m8 xe hd y328 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expenses<span class=\"_ _180\"> </span>-21,954<span class=\"_ _db\"> </span>-15,526</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 8%; bottom: 967px; height: 140px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 967px; height: 140px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m28f xe hb y87 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t inc<span class=\"_ _4\"></span>ome o<span class=\"_ _4\"></span>n bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owin<span class=\"_ _4\"></span>gs to e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ees r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>s to int<span class=\"_ _4\"></span>eres<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s c<span class=\"_ _4\"></span>harg<span class=\"_ _4\"></span>ed to t<span class=\"_ _4\"></span>he e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y ac<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m290 xe hb y8c ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">cou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es on t<span class=\"_ _4\"></span>he b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s prov<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>d by E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR an<span class=\"_ _4\"></span>d inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>s a res<span class=\"_ _4\"></span>ult of hi<span class=\"_ _4\"></span>ghe<span class=\"_ _4\"></span>r aver<span class=\"_ _4\"></span>age o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>ng</div>\n<div class=\"t m8 xe hb y88 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">bala<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>s. We refe<span class=\"_ _4\"></span>r in t<span class=\"_ _4\"></span>his re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t al<span class=\"_ _4\"></span>so to N<span class=\"_ _4\"></span>ote 1<span class=\"_ _1\"></span>9 Bo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs to e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 905px; height: 202px; width: 88%; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag492": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m8 xe hd y2f7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _17d\"> </span>2022<span class=\"_ _7a\"> </span>2021</div>\n<div class=\"t m8 xe hc y2f8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income on borr<span class=\"_ _3\"></span>owings to equity accounted investees\u2005<span class=\"_ _17e\"> </span>1,929<span class=\"_ _7a\"> </span>1,508</div>\n<div class=\"t m8 xe hc y2f9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income on cash and cash equivalents<span class=\"_ _13b\"> </span>5,196<span class=\"_ _1a\"> </span>29</div>\n<div class=\"t m8 xe hd y2fa ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income<span class=\"_ _17f\"> </span>7,125<span class=\"_ _126\"> </span>1,537</div>\n<div class=\"t m8 xe hc y327 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expenses on borr<span class=\"_ _3\"></span>owings<span class=\"_ _90\"> </span>-21,954<span class=\"_ _9c\"> </span>-15,526</div>\n<div class=\"t m8 xe hd y328 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expenses<span class=\"_ _180\"> </span>-21,954<span class=\"_ _db\"> </span>-15,526</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 8%; bottom: 967px; height: 140px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 967px; height: 140px; width: 86%; z-index: 6;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m291 xe hb y8b ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>es re<span class=\"_ _4\"></span>late to E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR<span class=\"_ _4\"></span>\u2019s bor<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s as dis<span class=\"_ _4\"></span>clo<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d in Not<span class=\"_ _4\"></span>e 28 Bor<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s and t<span class=\"_ _4\"></span>he in<span class=\"_ _4\"></span>crea<span class=\"_ _4\"></span>se of US<span class=\"_ _4\"></span>D 6.4</div>\n<div class=\"t m292 xe hb y4a ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">millio<span class=\"_ _4\"></span>n is mai<span class=\"_ _4\"></span>nly t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>mbi<span class=\"_ _4\"></span>ned e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>t of (i<span class=\"_ _4\"></span>) the \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ing of t<span class=\"_ _4\"></span>he t<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>o new VLGC\u2019s sin<span class=\"_ _4\"></span>ce mid 20<span class=\"_ _4\"></span>21 (USD 5.3 millio<span class=\"_ _4\"></span>n)<span class=\"_ _3\"></span>,</div>\n<div class=\"t m293 xe hb y4b ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">(ii<span class=\"_ _4\"></span>) the e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>tive i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>st c<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>rec<span class=\"_ _7\"></span>tion o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e pre<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ized \ufb02<span class=\"_ _4\"></span>eet fo<span class=\"_ _4\"></span>llowi<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e exerc<span class=\"_ _4\"></span>ise of t<span class=\"_ _4\"></span>he ea<span class=\"_ _4\"></span>rly b<span class=\"_ _4\"></span>uy-<span class=\"_ _4\"></span>o<span class=\"_ _4\"></span>ut o<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n (USD</div>\n<div class=\"t m8 xe hb y4c ff1 fs9 fc2 sc0 ls2 ws2c\" style=\"z-index: 15;\">5.5 millio<span class=\"_ _4\"></span>n, of whic<span class=\"_ _4\"></span>h USD 3.3 m<span class=\"_ _4\"></span>illion i<span class=\"_ _4\"></span>s an ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ment of t<span class=\"_ _4\"></span>he hi<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ori<span class=\"_ _4\"></span>c inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse o<span class=\"_ _4\"></span>f pr<span class=\"_ _4\"></span>ior \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al year<span class=\"_ _4\"></span>s</div>\n<div class=\"t m294 x52 h15 y329 ff1 fse fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">1</div>\n<div class=\"t m8 x53 hb y4c ff1 fs9 fc2 sc0 ls2e ws17\" style=\"z-index: 15;\">) (bo<span class=\"_ _3\"></span>th</div>\n<div class=\"t m295 xe hb y4d ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">Shi<span class=\"_ _4\"></span>ppi<span class=\"_ _4\"></span>ng se<span class=\"_ _4\"></span>gm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>), of<span class=\"_ _4\"></span>fs<span class=\"_ _4\"></span>et by (<span class=\"_ _4\"></span>iii) lo<span class=\"_ _4\"></span>wer i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s in th<span class=\"_ _4\"></span>e Inf<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ure s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>ment d<span class=\"_ _4\"></span>ue to t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>pay<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t of th<span class=\"_ _4\"></span>e NOK</div>\n<div class=\"t m296 xe hb y4e ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">bo<span class=\"_ _4\"></span>nd (US<span class=\"_ _4\"></span>D 3.3 millio<span class=\"_ _4\"></span>n) at mat<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y en<span class=\"_ _4\"></span>d May 2022 a<span class=\"_ _4\"></span>nd lo<span class=\"_ _4\"></span>wer ma<span class=\"_ _4\"></span>rgin<span class=\"_ _4\"></span>s and e<span class=\"_ _4\"></span>arl<span class=\"_ _4\"></span>y rep<span class=\"_ _4\"></span>aym<span class=\"_ _4\"></span>ent of t<span class=\"_ _4\"></span>he Ba<span class=\"_ _4\"></span>nk O<span class=\"_ _4\"></span>f Chin<span class=\"_ _4\"></span>a loa<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 xe hb y72 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">facility in August 2022 upon the sale of the shares of Export LNG Ltd, owner of TANGO FLNG (USD 1.8 million).</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 740px; height: 119px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t m8 xe hd y32a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _17d\"> </span>2022<span class=\"_ _7a\"> </span>2021</div>\n<div class=\"t m8 xe hc y32b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Realised exchange gains<span class=\"_ _181\"> </span>2,967<span class=\"_ _7a\"> </span>2,237</div>\n<div class=\"t m8 xe hc y32c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unrealised exchange gains<span class=\"_ _182\"> </span>2,418<span class=\"_ _7a\"> </span>6,270</div>\n<div class=\"t m8 xe hc y32d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Dividend income from non-consolidated companies<span class=\"_ _183\"> </span>18<span class=\"_ _1a\"> </span>16</div>\n<div class=\"t m8 xe hc y32e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity securities measured at FVTPL<span class=\"_ _90\"> </span>280<span class=\"_ _18\"> </span>662</div>\n<div class=\"t m8 xe hc y32f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fair value gain on \ufb01nancial instruments<span class=\"_ _a9\"> </span>934<span class=\"_ _18\"> </span>920</div>\n<div class=\"t m8 xe hc y330 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Premium r<span class=\"_ _3\"></span>efund<span class=\"_ _184\"> </span>2,497<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m8 xe hc y331 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other\u2005<span class=\"_ _11e\"> </span>410<span class=\"_ _1a\"> </span>92</div>\n<div class=\"t m8 xe hd y332 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other \ufb01nance income<span class=\"_ _185\"> </span>9,525<span class=\"_ _14d\"> </span>10,198</div>\n<div class=\"t m8 xe hc y333 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Realised exchange losses<span class=\"_ _186\"> </span>-6,324<span class=\"_ _64\"> </span>-928</div>\n<div class=\"t m8 xe hc y334 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unrealised exchange losses<span class=\"_ _187\"> </span>-1,236<span class=\"_ _126\"> </span>-1,933</div>\n<div class=\"t m8 xe hc y335 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Amortisation transaction costs<span class=\"_ _188\"> </span>-7,504<span class=\"_ _126\"> </span>-2,674</div>\n<div class=\"t m8 xe hc y336 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Banking fees<span class=\"_ _189\"> </span>-2,280<span class=\"_ _64\"> </span>-922</div>\n<div class=\"t m8 xe hc y337 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other\u2005\u2005<span class=\"_ _18a\"> </span>-711<span class=\"_ _64\"> </span>-328</div>\n<div class=\"t m8 xe hd y338 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other \ufb01nance expenses<span class=\"_ _18b\"> </span>-18,055<span class=\"_ _a0\"> </span>-6,785</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 412px; height: 447px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x1 h6 y1d6 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Finance inc<span class=\"_ _3\"></span>ome and e<span class=\"_ _1\"></span>x<span class=\"_ _4\"></span>pense direct<span class=\"_ _4\"></span>ly recogniz<span class=\"_ _1\"></span>ed in equit<span class=\"_ _4\"></span>y</div>\n<div class=\"t m8 x1 hd y2f7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _17d\"> </span>2022<span class=\"_ _7a\"> </span>2021</div>\n<div class=\"t m8 x1 hc y2f8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity accounted investees - share of other compr<span class=\"_ _3\"></span>ehensive income<span class=\"_ _c6\"> </span>1,944<span class=\"_ _18\"> </span>618</div>\n<div class=\"t m8 x1 hc y2f9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Foreign curr<span class=\"_ _3\"></span>ency translation differ<span class=\"_ _3\"></span>ences<span class=\"_ _18d\"> </span>577<span class=\"_ _126\"> </span>-1,521</div>\n<div class=\"t m8 x1 hd y2fa ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Finance income/expense recognised dir<span class=\"_ _3\"></span>ectly in equity<span class=\"_ _18e\"> </span>2,521<span class=\"_ _e7\"> </span>-903</div>\n<div class=\"t m8 x1 hd y327 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Recognised in:</div>\n<div class=\"t m8 x1f hc y328 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ranslation r<span class=\"_ _3\"></span>eserve<span class=\"_ _18f\"> </span>265<span class=\"_ _126\"> </span>-1,942</div>\n<div class=\"t m8 x1f hc y33c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Hedging reserve<span class=\"_ _6d\"> </span>2,249<span class=\"_ _7a\"> </span>1,059</div>\n<div class=\"t m8 x1f hc y33d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-controlling inter<span class=\"_ _3\"></span>est<span class=\"_ _171\"> </span>7<span class=\"_ _44\"> </span>-20</div>\n<div class=\"t m8 x54 hd y33e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2,521<span class=\"_ _e7\"> </span>-904</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 907px; height: 224px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag494": {
   "value": "\n<div class=\"t m8 xe hd y2f7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _17d\"> </span>2022<span class=\"_ _7a\"> </span>2021</div>\n<div class=\"t m8 xe hc y2f8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income on borr<span class=\"_ _3\"></span>owings to equity accounted investees\u2005<span class=\"_ _17e\"> </span>1,929<span class=\"_ _7a\"> </span>1,508</div>\n<div class=\"t m8 xe hc y2f9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income on cash and cash equivalents<span class=\"_ _13b\"> </span>5,196<span class=\"_ _1a\"> </span>29</div>\n<div class=\"t m8 xe hd y2fa ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income<span class=\"_ _17f\"> </span>7,125<span class=\"_ _126\"> </span>1,537</div>\n<div class=\"t m8 xe hc y327 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expenses on borr<span class=\"_ _3\"></span>owings<span class=\"_ _90\"> </span>-21,954<span class=\"_ _9c\"> </span>-15,526</div>\n<div class=\"t m8 xe hd y328 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expenses<span class=\"_ _180\"> </span>-21,954<span class=\"_ _db\"> </span>-15,526</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 8%; bottom: 967px; height: 140px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t m291 xe hb y8b ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>es re<span class=\"_ _4\"></span>late to E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR<span class=\"_ _4\"></span>\u2019s bor<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s as dis<span class=\"_ _4\"></span>clo<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d in Not<span class=\"_ _4\"></span>e 28 Bor<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s and t<span class=\"_ _4\"></span>he in<span class=\"_ _4\"></span>crea<span class=\"_ _4\"></span>se of US<span class=\"_ _4\"></span>D 6.4</div>\n<div class=\"t m292 xe hb y4a ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">millio<span class=\"_ _4\"></span>n is mai<span class=\"_ _4\"></span>nly t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>mbi<span class=\"_ _4\"></span>ned e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>t of (i<span class=\"_ _4\"></span>) the \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ing of t<span class=\"_ _4\"></span>he t<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>o new VLGC\u2019s sin<span class=\"_ _4\"></span>ce mid 20<span class=\"_ _4\"></span>21 (USD 5.3 millio<span class=\"_ _4\"></span>n)<span class=\"_ _3\"></span>,</div>\n<div class=\"t m293 xe hb y4b ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">(ii<span class=\"_ _4\"></span>) the e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fec<span class=\"_ _7\"></span>tive i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>st c<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>rec<span class=\"_ _7\"></span>tion o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e pre<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ized \ufb02<span class=\"_ _4\"></span>eet fo<span class=\"_ _4\"></span>llowi<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e exerc<span class=\"_ _4\"></span>ise of t<span class=\"_ _4\"></span>he ea<span class=\"_ _4\"></span>rly b<span class=\"_ _4\"></span>uy-<span class=\"_ _4\"></span>o<span class=\"_ _4\"></span>ut o<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n (USD</div>\n<div class=\"t m8 xe hb y4c ff1 fs9 fc2 sc0 ls2 ws2c\" style=\"z-index: 15;\">5.5 millio<span class=\"_ _4\"></span>n, of whic<span class=\"_ _4\"></span>h USD 3.3 m<span class=\"_ _4\"></span>illion i<span class=\"_ _4\"></span>s an ad<span class=\"_ _4\"></span>jus<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ment of t<span class=\"_ _4\"></span>he hi<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ori<span class=\"_ _4\"></span>c inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse o<span class=\"_ _4\"></span>f pr<span class=\"_ _4\"></span>ior \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al year<span class=\"_ _4\"></span>s</div>\n<div class=\"t m294 x52 h15 y329 ff1 fse fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">1</div>\n<div class=\"t m8 x53 hb y4c ff1 fs9 fc2 sc0 ls2e ws17\" style=\"z-index: 15;\">) (bo<span class=\"_ _3\"></span>th</div>\n<div class=\"t m295 xe hb y4d ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">Shi<span class=\"_ _4\"></span>ppi<span class=\"_ _4\"></span>ng se<span class=\"_ _4\"></span>gm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>), of<span class=\"_ _4\"></span>fs<span class=\"_ _4\"></span>et by (<span class=\"_ _4\"></span>iii) lo<span class=\"_ _4\"></span>wer i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s in th<span class=\"_ _4\"></span>e Inf<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ure s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>ment d<span class=\"_ _4\"></span>ue to t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>pay<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t of th<span class=\"_ _4\"></span>e NOK</div>\n<div class=\"t m296 xe hb y4e ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">bo<span class=\"_ _4\"></span>nd (US<span class=\"_ _4\"></span>D 3.3 millio<span class=\"_ _4\"></span>n) at mat<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y en<span class=\"_ _4\"></span>d May 2022 a<span class=\"_ _4\"></span>nd lo<span class=\"_ _4\"></span>wer ma<span class=\"_ _4\"></span>rgin<span class=\"_ _4\"></span>s and e<span class=\"_ _4\"></span>arl<span class=\"_ _4\"></span>y rep<span class=\"_ _4\"></span>aym<span class=\"_ _4\"></span>ent of t<span class=\"_ _4\"></span>he Ba<span class=\"_ _4\"></span>nk O<span class=\"_ _4\"></span>f Chin<span class=\"_ _4\"></span>a loa<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 xe hb y72 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">facility in August 2022 upon the sale of the shares of Export LNG Ltd, owner of TANGO FLNG (USD 1.8 million).</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 740px; height: 119px; width: 88%; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag501": {
   "value": "\n<div class=\"t m0 x1 h11 y50 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 1<span class=\"_ _179\"></span>3 - INCOME T<span class=\"_ _2\"></span>A<span class=\"_ _4\"></span>XES</div>\n<div class=\"t m8 x1 hd y33f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _61\"> </span>2022<span class=\"_ _190\"> </span>2021</div>\n<div class=\"t m8 x1 hc y340 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>axes current period\u2005<span class=\"_ _68\"> </span>-1,717<span class=\"_ _191\"> </span>-1,945</div>\n<div class=\"t m8 x1 hc y341 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Prior year adjustments<span class=\"_ _58\"> </span>-314<span class=\"_ _192\"> </span>6</div>\n<div class=\"t m8 x1 hd y342 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Income taxes<span class=\"_ _193\"> </span>-2,030<span class=\"_ _f3\"> </span>-1,939</div>\n<div class=\"t m8 x1 hd y343 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Deferred income taxes<span class=\"_ _4e\"> </span>958<span class=\"_ _194\"> </span>0</div>\n<div class=\"t m8 x1 hd y344 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Income taxes<span class=\"_ _193\"> </span>-1,072<span class=\"_ _f3\"> </span>-1,939</div>\n<div class=\"t m8 x1 hd y345 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">RECONCILIA<span class=\"_ _1\"></span>TION</div>\n<div class=\"t m8 x1 hd y346 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Result before income tax<span class=\"_ _f2\"> </span>\u2005<span class=\"_ _195\"> </span>321,420<span class=\"_ _115\"> </span>13,574</div>\n<div class=\"t m8 x1 hd y347 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>ax at domestic tax rate<span class=\"_ _196\"> </span>-25.00%<span class=\"_ _db\"> </span>-80,355<span class=\"_ _12d\"> </span>-25.00%<span class=\"_ _a0\"> </span>-3,393</div>\n<div class=\"t m8 x1 hc y348 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>ax impact on share of pro\ufb01t of equity accounted</div>\n<div class=\"t m8 x1 hc y349 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">investees</div>\n<div class=\"t m8 x55 hc y34a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">8,001<span class=\"_ _190\"> </span>5,442</div>\n<div class=\"t m8 x1 hc y34b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Increase/decr<span class=\"_ _3\"></span>ease resulting fr<span class=\"_ _3\"></span>om:</div>\n<div class=\"t m8 x1 hc y34c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Effects of tax rates in for<span class=\"_ _3\"></span>eign jurisdictions<span class=\"_ _d1\"> </span>-3,807<span class=\"_ _191\"> </span>-4,621</div>\n<div class=\"t m8 x1 hc y34d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non-deductible expenses<span class=\"_ _143\"> </span>-2,316<span class=\"_ _197\"> </span>-244</div>\n<div class=\"t m8 x1 hc y34e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other taxes<span class=\"_ _198\"> </span>-79<span class=\"_ _71\"> </span>-803</div>\n<div class=\"t m8 x1 hc y34f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current year tax losses/ cr<span class=\"_ _3\"></span>edits for which no deferred tax</div>\n<div class=\"t m8 x1 hc y350 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">asset has been recognised</div>\n<div class=\"t m8 x56 hc y351 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-112<span class=\"_ _f8\"> </span>-10,225</div>\n<div class=\"t m8 x1 hc y352 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Use of tax credits, tax losses carried forwar<span class=\"_ _3\"></span>d,... for which</div>\n<div class=\"t m8 x1 hc y353 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">no DT<span class=\"_ _1\"></span>A was recognised befor<span class=\"_ _3\"></span>e</div>\n<div class=\"t m8 x57 hc y354 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15; margin-left: 14px;\">389<span class=\"_ _199\"> </span>15,706</div>\n<div class=\"t m8 x1 hc y355 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unused tax losses under the Belgian tonnage tax regime<span class=\"_ _19a\"> </span>-1,472<span class=\"_ _191\"> </span>-3,429</div>\n<div class=\"t m8 x1 hc y356 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>ax exempt income<span class=\"_ _16d\"> </span>78,993<span class=\"_ _197\"> </span>-149</div>\n<div class=\"t m8 x1 hc y357 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Adjustments in respect of prior years<span class=\"_ _30\"> </span>-316<span class=\"_ _197\"> </span>-223</div>\n<div class=\"t m8 x1 hd y358 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Reconciliation of the effective tax rate<span class=\"_ _19b\"> </span>-0.3%<span class=\"_ _a0\"> </span>-1,072<span class=\"_ _19c\"> </span>-14.29%<span class=\"_ _a0\"> </span>-1,939</div>\n<div class=\"t m237 x1 hb yb2 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e ta<span class=\"_ _4\"></span>x exem<span class=\"_ _4\"></span>pt inc<span class=\"_ _4\"></span>ome r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>d pr<span class=\"_ _4\"></span>im<span class=\"_ _4\"></span>aril<span class=\"_ _4\"></span>y to th<span class=\"_ _4\"></span>e gain o<span class=\"_ _4\"></span>n dis<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sal o<span class=\"_ _4\"></span>f 1<span class=\"_ _3\"></span>0<span class=\"_ _4\"></span>0% of t<span class=\"_ _4\"></span>he sh<span class=\"_ _4\"></span>ares o<span class=\"_ _4\"></span>f E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>t LNG (s<span class=\"_ _4\"></span>ee not<span class=\"_ _4\"></span>e 4</div>\n<div class=\"t m8 x1 hb yb3 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">Divestit<span class=\"_ _4\"></span>ures)<span class=\"_ _1\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 195px; height: 532px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag485": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 xe h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 1<span class=\"_ _179\"></span>4 - VESSELS AND BARGES</div>\n<div class=\"t m8 xe hd y359 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 xe hd y35a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cost</div>\n<div class=\"t m8 x58 hd y35b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Shipping<span class=\"_ _13\"> </span>Infrastructure</div>\n<div class=\"t m8 x59 hd y35c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Under</div>\n<div class=\"t m8 x28 hd y359 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">construction</div>\n<div class=\"t m8 x5a hd y35a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">- advance</div>\n<div class=\"t m8 x18 hd y35d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">payments</div>\n<div class=\"t m8 x5b hd y35b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 xe hd y35e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2021<span class=\"_ _192\"> </span>122,350<span class=\"_ _12d\"> </span>487,173<span class=\"_ _14d\"> </span>33,163<span class=\"_ _19c\"> </span>642,684</div>\n<div class=\"t m8 xe hc y35f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1b hc y360 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Acquisitions\u2005<span class=\"_ _19d\"> </span>4,188<span class=\"_ _7a\"> </span>1,516<span class=\"_ _9d\"> </span>128,878<span class=\"_ _9d\"> </span>134,582</div>\n<div class=\"t m8 x1b hc y361 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowing costs<span class=\"_ _183\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _18\"> </span>720<span class=\"_ _92\"> </span>720</div>\n<div class=\"t m8 x1b hc y362 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Reclassi\ufb01cation<span class=\"_ _30\"> </span>1,909<span class=\"_ _15\"> </span>0<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>1,909</div>\n<div class=\"t m8 x1b hc y363 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ransfers<span class=\"_ _19e\"> </span>162,761<span class=\"_ _15\"> </span>0<span class=\"_ _ac\"> </span>-162,761<span class=\"_ _27\"> </span>0</div>\n<div class=\"t m8 xe hd y364 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2021<span class=\"_ _19f\"> </span>291,208<span class=\"_ _12d\"> </span>488,688<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>779,896</div>\n<div class=\"t m8 xe hd y365 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2022<span class=\"_ _192\"> </span>291,208<span class=\"_ _12d\"> </span>488,688<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>779,896</div>\n<div class=\"t m8 xe hc y366 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1b hc y367 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Acquisitions<span class=\"_ _d0\"> </span>5,656<span class=\"_ _b1\"> </span>14,212<span class=\"_ _15\"> </span>0<span class=\"_ _8a\"> </span>19,867</div>\n<div class=\"t m8 x1b hc y368 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Increase thr<span class=\"_ _3\"></span>ough share deal<span class=\"_ _66\"> </span>0<span class=\"_ _8a\"> </span>39,860<span class=\"_ _15\"> </span>0<span class=\"_ _8a\"> </span>39,860</div>\n<div class=\"t m8 x1b hc y369 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Disposals<span class=\"_ _1a0\"> </span>0<span class=\"_ _ac\"> </span>-300,053<span class=\"_ _15\"> </span>0<span class=\"_ _ac\"> </span>-300,053</div>\n<div class=\"t m8 x1b hc y36a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Reclassi\ufb01cation<span class=\"_ _d0\"> </span>34<span class=\"_ _64\"> </span>-713<span class=\"_ _15\"> </span>0<span class=\"_ _64\"> </span>-679</div>\n<div class=\"t m8 xe hd y36b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2022<span class=\"_ _19f\"> </span>296,898<span class=\"_ _12d\"> </span>241,993<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>538,891</div>\n\n<div class=\"t m8 xe hd y36c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations and impairment losses</div>\n<div class=\"t m8 xe hd y36d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2021<span class=\"_ _1a1\"> </span>29,723<span class=\"_ _14d\"> </span>51,539<span class=\"_ _131\"> </span>0<span class=\"_ _1a2\"> </span>81,261</div>\n<div class=\"t m8 xe hc y36e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1b hc y36f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations<span class=\"_ _30\"> </span>13,691<span class=\"_ _8a\"> </span>15,600<span class=\"_ _15\"> </span>0<span class=\"_ _b1\"> </span>29,291</div>\n<div class=\"t m8 x1b hc y370 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Disposals<span class=\"_ _1a3\"> </span>1,908<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _7a\"> </span>1,908</div>\n<div class=\"t m8 xe hd y371 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2021<span class=\"_ _a4\"> </span>45,322<span class=\"_ _14d\"> </span>86,139<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>131,461</div>\n<div class=\"t m8 xe hd y372 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2022<span class=\"_ _1a1\"> </span>45,322<span class=\"_ _1a2\"> </span>86,139<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>131,461</div>\n<div class=\"t m8 xe hc y373 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1b hc y374 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations<span class=\"_ _30\"> </span>19,837<span class=\"_ _8a\"> </span>11,801<span class=\"_ _15\"> </span>0<span class=\"_ _b1\"> </span>31,638</div>\n<div class=\"t m8 x1b hc y375 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairments<span class=\"_ _50\"> </span>0<span class=\"_ _14d\"> </span>-18,300<span class=\"_ _27\"> </span>0<span class=\"_ _14d\"> </span>-18,300</div>\n<div class=\"t m8 x1b hc y376 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Disposals<span class=\"_ _1a0\"> </span>0<span class=\"_ _9c\"> </span>-43,874<span class=\"_ _15\"> </span>0<span class=\"_ _9c\"> </span>-43,874</div>\n<div class=\"t m8 xe hd y377 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2022<span class=\"_ _a4\"> </span>65,159<span class=\"_ _14d\"> </span>35,766<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>100,925</div>\n<div class=\"t m8 xe hd y378 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value</div>\n<div class=\"t m8 xe hd y379 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value as per December 31, 2021<span class=\"_ _1a4\"> </span>245,887<span class=\"_ _12d\"> </span>402,549<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>648,436</div>\n<div class=\"t m8 xe hd y37a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value as per December 31, 2022<span class=\"_ _1a4\"> </span>231,739<span class=\"_ _12d\"> </span>206,227<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>437,966</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 364px; height: 360px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 364px; height: 775px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 364px; height: 775px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div></div>\n<div class=\"t m8 x1 hb y42 ff1 fs9 fc2 sc0 ls2 ws1c\" style=\"z-index: 15;\">In 202<span class=\"_ _4\"></span>2, the ac<span class=\"_ _4\"></span>quis<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ions r<span class=\"_ _4\"></span>elate t<span class=\"_ _4\"></span>o ca<span class=\"_ _4\"></span>pit<span class=\"_ _4\"></span>aliz<span class=\"_ _4\"></span>ed dr<span class=\"_ _7\"></span>y do<span class=\"_ _4\"></span>ck ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es fo<span class=\"_ _4\"></span>r ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ls in t<span class=\"_ _4\"></span>he Shi<span class=\"_ _4\"></span>ppi<span class=\"_ _4\"></span>ng an<span class=\"_ _4\"></span>d Inf<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ure s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y7e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m2a0 x1 hb y7f ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R, Inf<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ure s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>ment, a<span class=\"_ _4\"></span>cq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d the E<span class=\"_ _4\"></span>XC<span class=\"_ _4\"></span>ALIB<span class=\"_ _4\"></span>UR ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>l on Se<span class=\"_ _4\"></span>pte<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r 20, 2022 fo<span class=\"_ _4\"></span>llowi<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e acq<span class=\"_ _4\"></span>uisi<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 x1 hb y43 ff1 fs9 fc2 sc0 ls2 ws2c\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e rema<span class=\"_ _4\"></span>inin<span class=\"_ _4\"></span>g 50% s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s of Sol<span class=\"_ _4\"></span>aia Shi<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>ing LLC. a<span class=\"_ _4\"></span>nd va<span class=\"_ _4\"></span>lue<span class=\"_ _4\"></span>d the ve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>sel at U<span class=\"_ _4\"></span>SD 40.0 mil<span class=\"_ _4\"></span>lion. We ref<span class=\"_ _4\"></span>er to Not<span class=\"_ _4\"></span>e 5</div>\n<div class=\"t m8 x1 hb y1c8 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">Business combinations<span class=\"_ _3\"></span> and other<span class=\"_ _3\"></span> share deals.</div>\n<div class=\"t md9 x1 hb y81 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">On A<span class=\"_ _4\"></span>ugu<span class=\"_ _4\"></span>st 26, 202<span class=\"_ _4\"></span>2 the \ufb02<span class=\"_ _4\"></span>oati<span class=\"_ _4\"></span>ng liq<span class=\"_ _4\"></span>uef<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion un<span class=\"_ _4\"></span>it T<span class=\"_ _1\"></span>AN<span class=\"_ _4\"></span>GO FLNG w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h a net b<span class=\"_ _4\"></span>ook v<span class=\"_ _4\"></span>alue o<span class=\"_ _4\"></span>f USD 256.<span class=\"_ _4\"></span>2 millio<span class=\"_ _4\"></span>n was</div>\n<div class=\"t m2a1 x1 hb y82 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ed to En<span class=\"_ _4\"></span>i follo<span class=\"_ _4\"></span>wing t<span class=\"_ _4\"></span>he cl<span class=\"_ _4\"></span>osi<span class=\"_ _4\"></span>ng of t<span class=\"_ _4\"></span>he sha<span class=\"_ _4\"></span>re pu<span class=\"_ _4\"></span>rch<span class=\"_ _4\"></span>ase a<span class=\"_ _4\"></span>gre<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt sig<span class=\"_ _4\"></span>ned b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>een t<span class=\"_ _4\"></span>he pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ies (se<span class=\"_ _4\"></span>e Note 4</div>\n<div class=\"t m8 x1 hb y83 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Dive<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tit<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>s for a de<span class=\"_ _4\"></span>sc<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n of th<span class=\"_ _4\"></span>e tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion).</div>\n<div class=\"t m2a2 x1 hb y84 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15; word-spacing: 0px;\">The acquisitions in 2021 mainly relate to the VLGC\u2019s, FLANDERS INNOVATION and FLANDERS PIONEER for which</div>\n<div class=\"t m2a3 x1 hb y85 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15; word-spacing: -4px;\">advances of USD 33.2 million were paid in previous years. These vessels were delivered end June 2021 and September</div>\n<div class=\"t m2a4 x1 hb y86 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15; word-spacing: 4px;\">2021 respectively and at that moment transferred to the Shipping segment (total acquisition cost including first</div>\n<div class=\"t m8 x1 hb y87 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">outfitting costs and capitalized dry-dock expenses of USD 167.0 million).</div>\n<div class=\"t m2a5 x1 hb y8c ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e ves<span class=\"_ _4\"></span>sel<span class=\"_ _4\"></span>s are p<span class=\"_ _4\"></span>led<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>d as a se<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y for t<span class=\"_ _4\"></span>he rel<span class=\"_ _4\"></span>ated u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>lyi<span class=\"_ _4\"></span>ng liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es. We re<span class=\"_ _4\"></span>fer to N<span class=\"_ _4\"></span>ote 28 Bor<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>wing<span class=\"_ _4\"></span>s for m<span class=\"_ _4\"></span>ore</div>\n<div class=\"t m8 x1 hb y88 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">information in<span class=\"_ _3\"></span> respec<span class=\"_ _4\"></span>t of these<span class=\"_ _3\"></span> underlying liabi<span class=\"_ _3\"></span>lities.</div>\n\n<div class=\"t m0 x1 h6 y1f8 ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Impairment</div>\n<div class=\"t m292 x1 hb y8b ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">For t<span class=\"_ _4\"></span>he w<span class=\"_ _4\"></span>holly<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>own<span class=\"_ _4\"></span>ed \ufb02e<span class=\"_ _4\"></span>et, i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>nal a<span class=\"_ _4\"></span>nd ex<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>rn<span class=\"_ _4\"></span>al tr<span class=\"_ _4\"></span>igg<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s are ev<span class=\"_ _4\"></span>alua<span class=\"_ _4\"></span>ted w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h indi<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>te tha<span class=\"_ _4\"></span>t the c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g valu<span class=\"_ _4\"></span>e of</div>\n<div class=\"t m2a6 x1 hb y4a ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e \ufb02eet s<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>uld b<span class=\"_ _4\"></span>e tes<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d for i<span class=\"_ _4\"></span>mpai<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>. Th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt of t<span class=\"_ _4\"></span>he \ufb02e<span class=\"_ _4\"></span>et is c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>are<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e rec<span class=\"_ _4\"></span>over<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt,</div>\n<div class=\"t m8 x1 hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">whi<span class=\"_ _4\"></span>ch is t<span class=\"_ _4\"></span>he hig<span class=\"_ _4\"></span>her of t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue le<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s cos<span class=\"_ _4\"></span>t to s<span class=\"_ _4\"></span>ell an<span class=\"_ _4\"></span>d the v<span class=\"_ _4\"></span>alue i<span class=\"_ _4\"></span>n use.</div>\n<div class=\"t m2a7 x1 hb y4c ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e les<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>s to s<span class=\"_ _4\"></span>ell i<span class=\"_ _4\"></span>s bas<span class=\"_ _4\"></span>ed u<span class=\"_ _4\"></span>pon t<span class=\"_ _4\"></span>he ave<span class=\"_ _4\"></span>rag<span class=\"_ _4\"></span>e fa<span class=\"_ _4\"></span>ir mar<span class=\"_ _4\"></span>ket va<span class=\"_ _4\"></span>lue as d<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>d by t<span class=\"_ _4\"></span>wo in<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>pen<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>nt shi<span class=\"_ _4\"></span>p</div>\n<div class=\"t m2a8 x1 hb y4d ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">bro<span class=\"_ _4\"></span>ker<span class=\"_ _4\"></span>s or re<span class=\"_ _4\"></span>cent m<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ket tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ions o<span class=\"_ _4\"></span>f com<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>. Thi<span class=\"_ _4\"></span>s mar<span class=\"_ _4\"></span>ket valu<span class=\"_ _4\"></span>e is co<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d wit<span class=\"_ _4\"></span>h an ave<span class=\"_ _4\"></span>rag<span class=\"_ _4\"></span>e bro<span class=\"_ _4\"></span>ker<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m2a9 x1 hb y4e ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">age c<span class=\"_ _4\"></span>ommi<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ion t<span class=\"_ _4\"></span>o be pa<span class=\"_ _4\"></span>id wh<span class=\"_ _4\"></span>en a ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>el is s<span class=\"_ _4\"></span>old<span class=\"_ _4\"></span>. The v<span class=\"_ _4\"></span>alue i<span class=\"_ _4\"></span>n use i<span class=\"_ _4\"></span>s bas<span class=\"_ _4\"></span>ed u<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>n the e<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tima<span class=\"_ _4\"></span>ted f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s</div>\n<div class=\"t m157 x1 hb y72 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">dis<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d to the<span class=\"_ _4\"></span>ir pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nt val<span class=\"_ _4\"></span>ue an<span class=\"_ _4\"></span>d re\ufb02e<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>g cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nt mar<span class=\"_ _4\"></span>ket as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>sm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>latin<span class=\"_ _4\"></span>g to fr<span class=\"_ _4\"></span>eight r<span class=\"_ _4\"></span>ate e<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tima<span class=\"_ _4\"></span>tes, e<span class=\"_ _4\"></span>m<span class=\"ws2\">-</span></div>\n<div class=\"t m1d7 x1 hb y4f ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">ploy<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt an<span class=\"_ _4\"></span>d ope<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>g exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>ses<span class=\"_ _4\"></span>. Th<span class=\"_ _4\"></span>e valu<span class=\"_ _4\"></span>e in us<span class=\"_ _4\"></span>e mod<span class=\"_ _4\"></span>el al<span class=\"_ _4\"></span>so in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>des a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>ns t<span class=\"_ _4\"></span>aken am<span class=\"_ _4\"></span>ong<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t oth<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s wit<span class=\"_ _4\"></span>h</div>\n<div class=\"t m8 x1 hb y50 ff1 fs9 fc2 sc0 ls2 ws1b\" style=\"z-index: 15;\">res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t to f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure hir<span class=\"_ _4\"></span>e paid, c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rac<span class=\"_ _7\"></span>t dur<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion a<span class=\"_ _4\"></span>nd nu<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r of mo<span class=\"_ _4\"></span>nths\u2019 i<span class=\"_ _4\"></span>nter<span class=\"_ _7\"></span>val b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>we<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>o cont<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s. T<span class=\"_ _4\"></span>he o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>at<span class=\"ws2\">-</span></div>\n<div class=\"t m2aa x1 hb y51 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">ing c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s are b<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d on i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>nal i<span class=\"_ _4\"></span>nfor<span class=\"_ _4\"></span>mat<span class=\"_ _4\"></span>ion a<span class=\"_ _4\"></span>nd a s<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>vit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>naly<span class=\"_ _4\"></span>sis is p<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>d on e<span class=\"_ _4\"></span>ach a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ump<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n. The</div>\n<div class=\"t m2ab x1 hb y52 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">dis<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow m<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>el us<span class=\"_ _4\"></span>ed by ma<span class=\"_ _4\"></span>nage<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t incl<span class=\"_ _4\"></span>ude<span class=\"_ _4\"></span>s es<span class=\"_ _4\"></span>tim<span class=\"_ _4\"></span>ated c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s for t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>maini<span class=\"_ _4\"></span>ng life<span class=\"_ _4\"></span>time of t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m3c x1 hb y53 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">wh<span class=\"_ _4\"></span>olly<span class=\"_ _4\"></span>-o<span class=\"_ _4\"></span>wn<span class=\"_ _4\"></span>ed \ufb02e<span class=\"_ _4\"></span>et. T<span class=\"_ _4\"></span>hre<span class=\"_ _4\"></span>e<span class=\"_ _4\"></span>-year c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow fo<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d by mana<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent b<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d up<span class=\"_ _4\"></span>on t<span class=\"_ _4\"></span>he pa<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t exp<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ien<span class=\"_ _4\"></span>ce</div>\n<div class=\"t m183 x1 hb y54 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">as we<span class=\"_ _4\"></span>ll as cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ent ma<span class=\"_ _4\"></span>rket e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ions r<span class=\"_ _4\"></span>ega<span class=\"_ _4\"></span>rdi<span class=\"_ _4\"></span>ng volu<span class=\"_ _4\"></span>mes a<span class=\"_ _4\"></span>nd f<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>ht ra<span class=\"_ _4\"></span>tes g<span class=\"_ _4\"></span>oing fo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>ard. Fre<span class=\"_ _4\"></span>ight r<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s as we<span class=\"_ _4\"></span>ll as</div>\n<div class=\"t m2ac x1 hb y73 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atin<span class=\"_ _4\"></span>g exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>ses s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>nt to thi<span class=\"_ _4\"></span>s thr<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>-yea<span class=\"_ _4\"></span>r per<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>d are ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to cha<span class=\"_ _4\"></span>nge i<span class=\"_ _4\"></span>n line w<span class=\"_ _4\"></span>ith e<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>ed in\ufb02<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n</div>\n<div class=\"t m2ad x1 hb y55 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">af<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>ard<span class=\"_ _4\"></span>s. Th<span class=\"_ _4\"></span>e dis<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nt r<span class=\"_ _4\"></span>ate us<span class=\"_ _4\"></span>ed is a w<span class=\"_ _4\"></span>eigh<span class=\"_ _4\"></span>ted aver<span class=\"_ _4\"></span>ag<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t of c<span class=\"_ _4\"></span>ap<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>al of 7.6%<span class=\"_ _4\"></span> for t<span class=\"_ _4\"></span>he Shi<span class=\"_ _4\"></span>ppi<span class=\"_ _4\"></span>ng LP<span class=\"_ _4\"></span>G seg<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt</div>\n<div class=\"t m8 x1 hb y56 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15; word-spacing: 3px;\">(2021<span class=\"_ _1\"></span>: 5.5%)<span class=\"_ _3\"></span>, 9.5%<span class=\"_ _7\"></span> fo<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e Ship<span class=\"_ _4\"></span>pin<span class=\"_ _4\"></span>g LNG s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>ment (<span class=\"_ _4\"></span>2021<span class=\"_ _1\"></span>: 6.0%) and 11.0%<span class=\"_ _7\"></span> fo<span class=\"_ _4\"></span>r the I<span class=\"_ _4\"></span>nfr<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>re se<span class=\"_ _4\"></span>gme<span class=\"_ _4\"></span>nt 9<span class=\"_ _1\"></span>.<span class=\"_ _4\"></span>2%).</div>\n<div class=\"t m267 x1 hb y57 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">In 2021<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he ear<span class=\"_ _4\"></span>ly ter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>nati<span class=\"_ _4\"></span>on of t<span class=\"_ _4\"></span>he cha<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r agre<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt of t<span class=\"_ _4\"></span>he FSRU S<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _4\"></span>8 tr<span class=\"_ _4\"></span>igg<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>d an im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt ch<span class=\"_ _4\"></span>arge o<span class=\"_ _4\"></span>f USD</div>\n<div class=\"t m1b9 x1 hb y58 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">1<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>.0 milli<span class=\"_ _4\"></span>on, whi<span class=\"_ _4\"></span>ch wa<span class=\"_ _4\"></span>s bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e les<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>st to s<span class=\"_ _4\"></span>ell at t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>ime. Sin<span class=\"_ _4\"></span>ce Mar<span class=\"_ _4\"></span>ch 20<span class=\"_ _4\"></span>22, the Ru<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ia<span class=\"_ _4\"></span>-U<span class=\"_ _4\"></span>kr<span class=\"_ _4\"></span>ain<span class=\"_ _4\"></span>e</div>\n<div class=\"t m2ae x1 hb y59 ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>\ufb02ic<span class=\"_ _4\"></span>t ha<span class=\"_ _4\"></span>s res<span class=\"_ _4\"></span>ulte<span class=\"_ _4\"></span>d in si<span class=\"_ _4\"></span>gni\ufb01<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>ntl<span class=\"_ _4\"></span>y high<span class=\"_ _4\"></span>er en<span class=\"_ _4\"></span>erg<span class=\"_ _4\"></span>y pr<span class=\"_ _4\"></span>ices a<span class=\"_ _4\"></span>nd hig<span class=\"_ _4\"></span>her d<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>and of L<span class=\"_ _4\"></span>NG uni<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s. A \ufb01ve<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>year c<span class=\"_ _4\"></span>har<span class=\"_ _7\"></span>ter ag<span class=\"_ _4\"></span>ree<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m20 x1 hb y5a ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t for t<span class=\"_ _4\"></span>he FSRU S<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _4\"></span>8 (th<span class=\"_ _4\"></span>ereaf<span class=\"_ _7\"></span>ter re<span class=\"_ _4\"></span>nam<span class=\"_ _4\"></span>ed to \u201cEEMSHAVEN LNG\u201d) was s<span class=\"_ _4\"></span>igne<span class=\"_ _4\"></span>d wi<span class=\"_ _4\"></span>th GA<span class=\"_ _4\"></span>SUNIE L<span class=\"_ _4\"></span>NG Ho<span class=\"_ _4\"></span>ldin<span class=\"_ _4\"></span>gs BV<span class=\"_ _1\"></span>,</div>\n<div class=\"t m2af x1 hb y5b ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">wit<span class=\"_ _4\"></span>h hir<span class=\"_ _4\"></span>e inco<span class=\"_ _4\"></span>me s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing as f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m mid<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>Aug<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>t 2022. C<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uen<span class=\"_ _4\"></span>tly<span class=\"_ _3\"></span>, and b<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>ed on t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue a<span class=\"_ _4\"></span>s dete<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>mine<span class=\"_ _4\"></span>d by</div>\n<div class=\"t m2b0 x1 hb y5c ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">t<span class=\"_ _4\"></span>wo in<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>nt br<span class=\"_ _4\"></span>oker<span class=\"_ _4\"></span>s of th<span class=\"_ _4\"></span>e EEMSHAVEN LNG, an im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>m<span class=\"_ _4\"></span>ent c<span class=\"_ _4\"></span>harg<span class=\"_ _4\"></span>e of USD 1<span class=\"_ _3\"></span>8.3 milli<span class=\"_ _4\"></span>on w<span class=\"_ _4\"></span>as rever<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ed as o<span class=\"_ _4\"></span>f</div>\n<div class=\"t m8 x1 hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Jun<span class=\"_ _4\"></span>e 30, 2022.</div>\n<div class=\"t m2b1 x1 hb y5e ff1 fs9 fc2 sc0 ls24 wsc\" style=\"z-index: 15;\">For ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>els u<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r join<span class=\"_ _4\"></span>t vent<span class=\"_ _4\"></span>ure ow<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>hip, impa<span class=\"_ _4\"></span>ir<span class=\"_ _4\"></span>ment t<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>gge<span class=\"_ _4\"></span>rs a<span class=\"_ _4\"></span>re eval<span class=\"_ _4\"></span>uate<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e sa<span class=\"_ _4\"></span>me way a<span class=\"_ _4\"></span>s for t<span class=\"_ _4\"></span>he wh<span class=\"_ _4\"></span>olly<span class=\"_ _4\"></span>-o<span class=\"_ _4\"></span>wne<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 x1 hb y5f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\ufb02ee<span class=\"_ _4\"></span>t. We refe<span class=\"_ _4\"></span>r to Note 1<span class=\"_ _3\"></span>7 Inves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>n equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s in th<span class=\"_ _4\"></span>is res<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 443px; height: 441px; width: 90%; z-index: 4;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 443px; height: 696px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 443px; height: 696px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "exmar:DisclosureOfVesselsAndBargesExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag502": {
   "value": "\n<div><br/></div>\n<div class=\"t m0 xe h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 1<span class=\"_ _179\"></span>4 - VESSELS AND BARGES</div>\n<div class=\"t m8 xe hd y359 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 xe hd y35a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cost</div>\n<div class=\"t m8 x58 hd y35b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Shipping<span class=\"_ _13\"> </span>Infrastructure</div>\n<div class=\"t m8 x59 hd y35c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Under</div>\n<div class=\"t m8 x28 hd y359 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">construction</div>\n<div class=\"t m8 x5a hd y35a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">- advance</div>\n<div class=\"t m8 x18 hd y35d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">payments</div>\n<div class=\"t m8 x5b hd y35b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 xe hd y35e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2021<span class=\"_ _192\"> </span>122,350<span class=\"_ _12d\"> </span>487,173<span class=\"_ _14d\"> </span>33,163<span class=\"_ _19c\"> </span>642,684</div>\n<div class=\"t m8 xe hc y35f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1b hc y360 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Acquisitions\u2005<span class=\"_ _19d\"> </span>4,188<span class=\"_ _7a\"> </span>1,516<span class=\"_ _9d\"> </span>128,878<span class=\"_ _9d\"> </span>134,582</div>\n<div class=\"t m8 x1b hc y361 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowing costs<span class=\"_ _183\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _18\"> </span>720<span class=\"_ _92\"> </span>720</div>\n<div class=\"t m8 x1b hc y362 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Reclassi\ufb01cation<span class=\"_ _30\"> </span>1,909<span class=\"_ _15\"> </span>0<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>1,909</div>\n<div class=\"t m8 x1b hc y363 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ransfers<span class=\"_ _19e\"> </span>162,761<span class=\"_ _15\"> </span>0<span class=\"_ _ac\"> </span>-162,761<span class=\"_ _27\"> </span>0</div>\n<div class=\"t m8 xe hd y364 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2021<span class=\"_ _19f\"> </span>291,208<span class=\"_ _12d\"> </span>488,688<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>779,896</div>\n<div class=\"t m8 xe hd y365 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2022<span class=\"_ _192\"> </span>291,208<span class=\"_ _12d\"> </span>488,688<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>779,896</div>\n<div class=\"t m8 xe hc y366 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1b hc y367 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Acquisitions<span class=\"_ _d0\"> </span>5,656<span class=\"_ _b1\"> </span>14,212<span class=\"_ _15\"> </span>0<span class=\"_ _8a\"> </span>19,867</div>\n<div class=\"t m8 x1b hc y368 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Increase thr<span class=\"_ _3\"></span>ough share deal<span class=\"_ _66\"> </span>0<span class=\"_ _8a\"> </span>39,860<span class=\"_ _15\"> </span>0<span class=\"_ _8a\"> </span>39,860</div>\n<div class=\"t m8 x1b hc y369 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Disposals<span class=\"_ _1a0\"> </span>0<span class=\"_ _ac\"> </span>-300,053<span class=\"_ _15\"> </span>0<span class=\"_ _ac\"> </span>-300,053</div>\n<div class=\"t m8 x1b hc y36a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Reclassi\ufb01cation<span class=\"_ _d0\"> </span>34<span class=\"_ _64\"> </span>-713<span class=\"_ _15\"> </span>0<span class=\"_ _64\"> </span>-679</div>\n<div class=\"t m8 xe hd y36b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2022<span class=\"_ _19f\"> </span>296,898<span class=\"_ _12d\"> </span>241,993<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>538,891</div>\n\n<div class=\"t m8 xe hd y36c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations and impairment losses</div>\n<div class=\"t m8 xe hd y36d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2021<span class=\"_ _1a1\"> </span>29,723<span class=\"_ _14d\"> </span>51,539<span class=\"_ _131\"> </span>0<span class=\"_ _1a2\"> </span>81,261</div>\n<div class=\"t m8 xe hc y36e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1b hc y36f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations<span class=\"_ _30\"> </span>13,691<span class=\"_ _8a\"> </span>15,600<span class=\"_ _15\"> </span>0<span class=\"_ _b1\"> </span>29,291</div>\n<div class=\"t m8 x1b hc y370 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Disposals<span class=\"_ _1a3\"> </span>1,908<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _7a\"> </span>1,908</div>\n<div class=\"t m8 xe hd y371 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2021<span class=\"_ _a4\"> </span>45,322<span class=\"_ _14d\"> </span>86,139<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>131,461</div>\n<div class=\"t m8 xe hd y372 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2022<span class=\"_ _1a1\"> </span>45,322<span class=\"_ _1a2\"> </span>86,139<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>131,461</div>\n<div class=\"t m8 xe hc y373 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1b hc y374 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations<span class=\"_ _30\"> </span>19,837<span class=\"_ _8a\"> </span>11,801<span class=\"_ _15\"> </span>0<span class=\"_ _b1\"> </span>31,638</div>\n<div class=\"t m8 x1b hc y375 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairments<span class=\"_ _50\"> </span>0<span class=\"_ _14d\"> </span>-18,300<span class=\"_ _27\"> </span>0<span class=\"_ _14d\"> </span>-18,300</div>\n<div class=\"t m8 x1b hc y376 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Disposals<span class=\"_ _1a0\"> </span>0<span class=\"_ _9c\"> </span>-43,874<span class=\"_ _15\"> </span>0<span class=\"_ _9c\"> </span>-43,874</div>\n<div class=\"t m8 xe hd y377 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2022<span class=\"_ _a4\"> </span>65,159<span class=\"_ _14d\"> </span>35,766<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>100,925</div>\n<div class=\"t m8 xe hd y378 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value</div>\n<div class=\"t m8 xe hd y379 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value as per December 31, 2021<span class=\"_ _1a4\"> </span>245,887<span class=\"_ _12d\"> </span>402,549<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>648,436</div>\n<div class=\"t m8 xe hd y37a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value as per December 31, 2022<span class=\"_ _1a4\"> </span>231,739<span class=\"_ _12d\"> </span>206,227<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>437,966</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 364px; height: 360px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 364px; height: 775px; width: 92%; z-index: 3;\"><br/></div>\n\n<div></div>\n<div class=\"t m8 x1 hb y42 ff1 fs9 fc2 sc0 ls2 ws1c\" style=\"z-index: 15;\">In 202<span class=\"_ _4\"></span>2, the ac<span class=\"_ _4\"></span>quis<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ions r<span class=\"_ _4\"></span>elate t<span class=\"_ _4\"></span>o ca<span class=\"_ _4\"></span>pit<span class=\"_ _4\"></span>aliz<span class=\"_ _4\"></span>ed dr<span class=\"_ _7\"></span>y do<span class=\"_ _4\"></span>ck ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es fo<span class=\"_ _4\"></span>r ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ls in t<span class=\"_ _4\"></span>he Shi<span class=\"_ _4\"></span>ppi<span class=\"_ _4\"></span>ng an<span class=\"_ _4\"></span>d Inf<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ure s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y7e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m2a0 x1 hb y7f ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R, Inf<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ure s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>ment, a<span class=\"_ _4\"></span>cq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d the E<span class=\"_ _4\"></span>XC<span class=\"_ _4\"></span>ALIB<span class=\"_ _4\"></span>UR ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>l on Se<span class=\"_ _4\"></span>pte<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r 20, 2022 fo<span class=\"_ _4\"></span>llowi<span class=\"_ _4\"></span>ng th<span class=\"_ _4\"></span>e acq<span class=\"_ _4\"></span>uisi<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 x1 hb y43 ff1 fs9 fc2 sc0 ls2 ws2c\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e rema<span class=\"_ _4\"></span>inin<span class=\"_ _4\"></span>g 50% s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s of Sol<span class=\"_ _4\"></span>aia Shi<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>ing LLC. a<span class=\"_ _4\"></span>nd va<span class=\"_ _4\"></span>lue<span class=\"_ _4\"></span>d the ve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>sel at U<span class=\"_ _4\"></span>SD 40.0 mil<span class=\"_ _4\"></span>lion. We ref<span class=\"_ _4\"></span>er to Not<span class=\"_ _4\"></span>e 5</div>\n<div class=\"t m8 x1 hb y1c8 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">Business combinations<span class=\"_ _3\"></span> and other<span class=\"_ _3\"></span> share deals.</div>\n<div class=\"t md9 x1 hb y81 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">On A<span class=\"_ _4\"></span>ugu<span class=\"_ _4\"></span>st 26, 202<span class=\"_ _4\"></span>2 the \ufb02<span class=\"_ _4\"></span>oati<span class=\"_ _4\"></span>ng liq<span class=\"_ _4\"></span>uef<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion un<span class=\"_ _4\"></span>it T<span class=\"_ _1\"></span>AN<span class=\"_ _4\"></span>GO FLNG w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h a net b<span class=\"_ _4\"></span>ook v<span class=\"_ _4\"></span>alue o<span class=\"_ _4\"></span>f USD 256.<span class=\"_ _4\"></span>2 millio<span class=\"_ _4\"></span>n was</div>\n<div class=\"t m2a1 x1 hb y82 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ed to En<span class=\"_ _4\"></span>i follo<span class=\"_ _4\"></span>wing t<span class=\"_ _4\"></span>he cl<span class=\"_ _4\"></span>osi<span class=\"_ _4\"></span>ng of t<span class=\"_ _4\"></span>he sha<span class=\"_ _4\"></span>re pu<span class=\"_ _4\"></span>rch<span class=\"_ _4\"></span>ase a<span class=\"_ _4\"></span>gre<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt sig<span class=\"_ _4\"></span>ned b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>een t<span class=\"_ _4\"></span>he pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ies (se<span class=\"_ _4\"></span>e Note 4</div>\n<div class=\"t m8 x1 hb y83 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Dive<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tit<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>s for a de<span class=\"_ _4\"></span>sc<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n of th<span class=\"_ _4\"></span>e tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion).</div>\n<div class=\"t m2a2 x1 hb y84 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15; word-spacing: 0px;\">The acquisitions in 2021 mainly relate to the VLGC\u2019s, FLANDERS INNOVATION and FLANDERS PIONEER for which</div>\n<div class=\"t m2a3 x1 hb y85 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15; word-spacing: -4px;\">advances of USD 33.2 million were paid in previous years. These vessels were delivered end June 2021 and September</div>\n<div class=\"t m2a4 x1 hb y86 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15; word-spacing: 4px;\">2021 respectively and at that moment transferred to the Shipping segment (total acquisition cost including first</div>\n<div class=\"t m8 x1 hb y87 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">outfitting costs and capitalized dry-dock expenses of USD 167.0 million).</div>\n<div class=\"t m2a5 x1 hb y8c ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e ves<span class=\"_ _4\"></span>sel<span class=\"_ _4\"></span>s are p<span class=\"_ _4\"></span>led<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>d as a se<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y for t<span class=\"_ _4\"></span>he rel<span class=\"_ _4\"></span>ated u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>lyi<span class=\"_ _4\"></span>ng liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es. We re<span class=\"_ _4\"></span>fer to N<span class=\"_ _4\"></span>ote 28 Bor<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>wing<span class=\"_ _4\"></span>s for m<span class=\"_ _4\"></span>ore</div>\n<div class=\"t m8 x1 hb y88 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">information in<span class=\"_ _3\"></span> respec<span class=\"_ _4\"></span>t of these<span class=\"_ _3\"></span> underlying liabi<span class=\"_ _3\"></span>lities.</div>\n\n<div class=\"t m0 x1 h6 y1f8 ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Impairment</div>\n<div class=\"t m292 x1 hb y8b ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">For t<span class=\"_ _4\"></span>he w<span class=\"_ _4\"></span>holly<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>own<span class=\"_ _4\"></span>ed \ufb02e<span class=\"_ _4\"></span>et, i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>nal a<span class=\"_ _4\"></span>nd ex<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>rn<span class=\"_ _4\"></span>al tr<span class=\"_ _4\"></span>igg<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s are ev<span class=\"_ _4\"></span>alua<span class=\"_ _4\"></span>ted w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h indi<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>te tha<span class=\"_ _4\"></span>t the c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g valu<span class=\"_ _4\"></span>e of</div>\n<div class=\"t m2a6 x1 hb y4a ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e \ufb02eet s<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>uld b<span class=\"_ _4\"></span>e tes<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d for i<span class=\"_ _4\"></span>mpai<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>. Th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt of t<span class=\"_ _4\"></span>he \ufb02e<span class=\"_ _4\"></span>et is c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>are<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e rec<span class=\"_ _4\"></span>over<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt,</div>\n<div class=\"t m8 x1 hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">whi<span class=\"_ _4\"></span>ch is t<span class=\"_ _4\"></span>he hig<span class=\"_ _4\"></span>her of t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue le<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s cos<span class=\"_ _4\"></span>t to s<span class=\"_ _4\"></span>ell an<span class=\"_ _4\"></span>d the v<span class=\"_ _4\"></span>alue i<span class=\"_ _4\"></span>n use.</div>\n<div class=\"t m2a7 x1 hb y4c ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e les<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>s to s<span class=\"_ _4\"></span>ell i<span class=\"_ _4\"></span>s bas<span class=\"_ _4\"></span>ed u<span class=\"_ _4\"></span>pon t<span class=\"_ _4\"></span>he ave<span class=\"_ _4\"></span>rag<span class=\"_ _4\"></span>e fa<span class=\"_ _4\"></span>ir mar<span class=\"_ _4\"></span>ket va<span class=\"_ _4\"></span>lue as d<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>d by t<span class=\"_ _4\"></span>wo in<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>pen<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>nt shi<span class=\"_ _4\"></span>p</div>\n<div class=\"t m2a8 x1 hb y4d ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">bro<span class=\"_ _4\"></span>ker<span class=\"_ _4\"></span>s or re<span class=\"_ _4\"></span>cent m<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ket tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ions o<span class=\"_ _4\"></span>f com<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>. Thi<span class=\"_ _4\"></span>s mar<span class=\"_ _4\"></span>ket valu<span class=\"_ _4\"></span>e is co<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d wit<span class=\"_ _4\"></span>h an ave<span class=\"_ _4\"></span>rag<span class=\"_ _4\"></span>e bro<span class=\"_ _4\"></span>ker<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m2a9 x1 hb y4e ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">age c<span class=\"_ _4\"></span>ommi<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ion t<span class=\"_ _4\"></span>o be pa<span class=\"_ _4\"></span>id wh<span class=\"_ _4\"></span>en a ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>el is s<span class=\"_ _4\"></span>old<span class=\"_ _4\"></span>. The v<span class=\"_ _4\"></span>alue i<span class=\"_ _4\"></span>n use i<span class=\"_ _4\"></span>s bas<span class=\"_ _4\"></span>ed u<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>n the e<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tima<span class=\"_ _4\"></span>ted f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s</div>\n<div class=\"t m157 x1 hb y72 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">dis<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d to the<span class=\"_ _4\"></span>ir pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nt val<span class=\"_ _4\"></span>ue an<span class=\"_ _4\"></span>d re\ufb02e<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>g cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nt mar<span class=\"_ _4\"></span>ket as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>sm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>latin<span class=\"_ _4\"></span>g to fr<span class=\"_ _4\"></span>eight r<span class=\"_ _4\"></span>ate e<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tima<span class=\"_ _4\"></span>tes, e<span class=\"_ _4\"></span>m<span class=\"ws2\">-</span></div>\n<div class=\"t m1d7 x1 hb y4f ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">ploy<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt an<span class=\"_ _4\"></span>d ope<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>g exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>ses<span class=\"_ _4\"></span>. Th<span class=\"_ _4\"></span>e valu<span class=\"_ _4\"></span>e in us<span class=\"_ _4\"></span>e mod<span class=\"_ _4\"></span>el al<span class=\"_ _4\"></span>so in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>des a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>ns t<span class=\"_ _4\"></span>aken am<span class=\"_ _4\"></span>ong<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t oth<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s wit<span class=\"_ _4\"></span>h</div>\n<div class=\"t m8 x1 hb y50 ff1 fs9 fc2 sc0 ls2 ws1b\" style=\"z-index: 15;\">res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t to f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure hir<span class=\"_ _4\"></span>e paid, c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rac<span class=\"_ _7\"></span>t dur<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion a<span class=\"_ _4\"></span>nd nu<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r of mo<span class=\"_ _4\"></span>nths\u2019 i<span class=\"_ _4\"></span>nter<span class=\"_ _7\"></span>val b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>we<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>o cont<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s. T<span class=\"_ _4\"></span>he o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>at<span class=\"ws2\">-</span></div>\n<div class=\"t m2aa x1 hb y51 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">ing c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s are b<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d on i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>nal i<span class=\"_ _4\"></span>nfor<span class=\"_ _4\"></span>mat<span class=\"_ _4\"></span>ion a<span class=\"_ _4\"></span>nd a s<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>vit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>naly<span class=\"_ _4\"></span>sis is p<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>d on e<span class=\"_ _4\"></span>ach a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ump<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n. The</div>\n<div class=\"t m2ab x1 hb y52 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">dis<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow m<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>el us<span class=\"_ _4\"></span>ed by ma<span class=\"_ _4\"></span>nage<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t incl<span class=\"_ _4\"></span>ude<span class=\"_ _4\"></span>s es<span class=\"_ _4\"></span>tim<span class=\"_ _4\"></span>ated c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s for t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>maini<span class=\"_ _4\"></span>ng life<span class=\"_ _4\"></span>time of t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m3c x1 hb y53 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">wh<span class=\"_ _4\"></span>olly<span class=\"_ _4\"></span>-o<span class=\"_ _4\"></span>wn<span class=\"_ _4\"></span>ed \ufb02e<span class=\"_ _4\"></span>et. T<span class=\"_ _4\"></span>hre<span class=\"_ _4\"></span>e<span class=\"_ _4\"></span>-year c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow fo<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d by mana<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent b<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d up<span class=\"_ _4\"></span>on t<span class=\"_ _4\"></span>he pa<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t exp<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ien<span class=\"_ _4\"></span>ce</div>\n<div class=\"t m183 x1 hb y54 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">as we<span class=\"_ _4\"></span>ll as cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ent ma<span class=\"_ _4\"></span>rket e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ions r<span class=\"_ _4\"></span>ega<span class=\"_ _4\"></span>rdi<span class=\"_ _4\"></span>ng volu<span class=\"_ _4\"></span>mes a<span class=\"_ _4\"></span>nd f<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>ht ra<span class=\"_ _4\"></span>tes g<span class=\"_ _4\"></span>oing fo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>ard. Fre<span class=\"_ _4\"></span>ight r<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s as we<span class=\"_ _4\"></span>ll as</div>\n<div class=\"t m2ac x1 hb y73 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atin<span class=\"_ _4\"></span>g exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>ses s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>nt to thi<span class=\"_ _4\"></span>s thr<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>-yea<span class=\"_ _4\"></span>r per<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>d are ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to cha<span class=\"_ _4\"></span>nge i<span class=\"_ _4\"></span>n line w<span class=\"_ _4\"></span>ith e<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>ed in\ufb02<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n</div>\n<div class=\"t m2ad x1 hb y55 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">af<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>ard<span class=\"_ _4\"></span>s. Th<span class=\"_ _4\"></span>e dis<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nt r<span class=\"_ _4\"></span>ate us<span class=\"_ _4\"></span>ed is a w<span class=\"_ _4\"></span>eigh<span class=\"_ _4\"></span>ted aver<span class=\"_ _4\"></span>ag<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t of c<span class=\"_ _4\"></span>ap<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>al of 7.6%<span class=\"_ _4\"></span> for t<span class=\"_ _4\"></span>he Shi<span class=\"_ _4\"></span>ppi<span class=\"_ _4\"></span>ng LP<span class=\"_ _4\"></span>G seg<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt</div>\n<div class=\"t m8 x1 hb y56 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15; word-spacing: 3px;\">(2021<span class=\"_ _1\"></span>: 5.5%)<span class=\"_ _3\"></span>, 9.5%<span class=\"_ _7\"></span> fo<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e Ship<span class=\"_ _4\"></span>pin<span class=\"_ _4\"></span>g LNG s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>ment (<span class=\"_ _4\"></span>2021<span class=\"_ _1\"></span>: 6.0%) and 11.0%<span class=\"_ _7\"></span> fo<span class=\"_ _4\"></span>r the I<span class=\"_ _4\"></span>nfr<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>re se<span class=\"_ _4\"></span>gme<span class=\"_ _4\"></span>nt 9<span class=\"_ _1\"></span>.<span class=\"_ _4\"></span>2%).</div>\n<div class=\"t m267 x1 hb y57 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">In 2021<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he ear<span class=\"_ _4\"></span>ly ter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>nati<span class=\"_ _4\"></span>on of t<span class=\"_ _4\"></span>he cha<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r agre<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt of t<span class=\"_ _4\"></span>he FSRU S<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _4\"></span>8 tr<span class=\"_ _4\"></span>igg<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>d an im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt ch<span class=\"_ _4\"></span>arge o<span class=\"_ _4\"></span>f USD</div>\n<div class=\"t m1b9 x1 hb y58 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">1<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>.0 milli<span class=\"_ _4\"></span>on, whi<span class=\"_ _4\"></span>ch wa<span class=\"_ _4\"></span>s bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e les<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>st to s<span class=\"_ _4\"></span>ell at t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>ime. Sin<span class=\"_ _4\"></span>ce Mar<span class=\"_ _4\"></span>ch 20<span class=\"_ _4\"></span>22, the Ru<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ia<span class=\"_ _4\"></span>-U<span class=\"_ _4\"></span>kr<span class=\"_ _4\"></span>ain<span class=\"_ _4\"></span>e</div>\n<div class=\"t m2ae x1 hb y59 ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>\ufb02ic<span class=\"_ _4\"></span>t ha<span class=\"_ _4\"></span>s res<span class=\"_ _4\"></span>ulte<span class=\"_ _4\"></span>d in si<span class=\"_ _4\"></span>gni\ufb01<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>ntl<span class=\"_ _4\"></span>y high<span class=\"_ _4\"></span>er en<span class=\"_ _4\"></span>erg<span class=\"_ _4\"></span>y pr<span class=\"_ _4\"></span>ices a<span class=\"_ _4\"></span>nd hig<span class=\"_ _4\"></span>her d<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>and of L<span class=\"_ _4\"></span>NG uni<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s. A \ufb01ve<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>year c<span class=\"_ _4\"></span>har<span class=\"_ _7\"></span>ter ag<span class=\"_ _4\"></span>ree<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m20 x1 hb y5a ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t for t<span class=\"_ _4\"></span>he FSRU S<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _4\"></span>8 (th<span class=\"_ _4\"></span>ereaf<span class=\"_ _7\"></span>ter re<span class=\"_ _4\"></span>nam<span class=\"_ _4\"></span>ed to \u201cEEMSHAVEN LNG\u201d) was s<span class=\"_ _4\"></span>igne<span class=\"_ _4\"></span>d wi<span class=\"_ _4\"></span>th GA<span class=\"_ _4\"></span>SUNIE L<span class=\"_ _4\"></span>NG Ho<span class=\"_ _4\"></span>ldin<span class=\"_ _4\"></span>gs BV<span class=\"_ _1\"></span>,</div>\n<div class=\"t m2af x1 hb y5b ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">wit<span class=\"_ _4\"></span>h hir<span class=\"_ _4\"></span>e inco<span class=\"_ _4\"></span>me s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing as f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m mid<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>Aug<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>t 2022. C<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uen<span class=\"_ _4\"></span>tly<span class=\"_ _3\"></span>, and b<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>ed on t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue a<span class=\"_ _4\"></span>s dete<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>mine<span class=\"_ _4\"></span>d by</div>\n<div class=\"t m2b0 x1 hb y5c ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">t<span class=\"_ _4\"></span>wo in<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>nt br<span class=\"_ _4\"></span>oker<span class=\"_ _4\"></span>s of th<span class=\"_ _4\"></span>e EEMSHAVEN LNG, an im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>m<span class=\"_ _4\"></span>ent c<span class=\"_ _4\"></span>harg<span class=\"_ _4\"></span>e of USD 1<span class=\"_ _3\"></span>8.3 milli<span class=\"_ _4\"></span>on w<span class=\"_ _4\"></span>as rever<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ed as o<span class=\"_ _4\"></span>f</div>\n<div class=\"t m8 x1 hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Jun<span class=\"_ _4\"></span>e 30, 2022.</div>\n<div class=\"t m2b1 x1 hb y5e ff1 fs9 fc2 sc0 ls24 wsc\" style=\"z-index: 15;\">For ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>els u<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r join<span class=\"_ _4\"></span>t vent<span class=\"_ _4\"></span>ure ow<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>hip, impa<span class=\"_ _4\"></span>ir<span class=\"_ _4\"></span>ment t<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>gge<span class=\"_ _4\"></span>rs a<span class=\"_ _4\"></span>re eval<span class=\"_ _4\"></span>uate<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e sa<span class=\"_ _4\"></span>me way a<span class=\"_ _4\"></span>s for t<span class=\"_ _4\"></span>he wh<span class=\"_ _4\"></span>olly<span class=\"_ _4\"></span>-o<span class=\"_ _4\"></span>wne<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 x1 hb y5f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\ufb02ee<span class=\"_ _4\"></span>t. We refe<span class=\"_ _4\"></span>r to Note 1<span class=\"_ _3\"></span>7 Inves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>n equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s in th<span class=\"_ _4\"></span>is res<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 443px; height: 441px; width: 90%; z-index: 4;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 443px; height: 696px; width: 92%; z-index: 3;\"><br/></div>\n\n<div></div>\n<div class=\"t m0 xe h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 1<span class=\"_ _179\"></span>5 - OTHER P<span class=\"_ _3\"></span>ROP<span class=\"_ _3\"></span>ERT<span class=\"_ _7\"></span>Y<span class=\"_ _179\"></span>, PL<span class=\"_ _4\"></span>ANT AND EQUI<span class=\"_ _3\"></span>PM<span class=\"_ _3\"></span>ENT</div>\n<div class=\"t m8 xe hd y37b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 xe hd y37c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cost</div>\n<div class=\"t m8 x5c hd y37b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Land and</div>\n<div class=\"t m8 x5c hd y37c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">buildings</div>\n<div class=\"t m8 x5d hd y37b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Machinery and</div>\n<div class=\"t m8 x5e hd y37c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">equipment</div>\n<div class=\"t m8 x5f hd y37b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Furniture and</div>\n<div class=\"t m8 x5a hd y37c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">movables</div>\n<div class=\"t m8 x5b hd y37d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 xe hd y37e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2021<span class=\"_ _1a5\"> </span>4,314<span class=\"_ _126\"> </span>1,411<span class=\"_ _126\"> </span>4,319<span class=\"_ _14d\"> </span>10,044</div>\n<div class=\"t m8 xe hc y37f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1b hc y380 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Acquisitions<span class=\"_ _1a6\"> </span>0<span class=\"_ _1a\"> </span>43<span class=\"_ _18\"> </span>207<span class=\"_ _18\"> </span>250</div>\n<div class=\"t m8 x1b hc y381 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Disposals<span class=\"_ _1a0\"> </span>0<span class=\"_ _64\"> </span>-509<span class=\"_ _64\"> </span>-937<span class=\"_ _126\"> </span>-1,446</div>\n<div class=\"t m8 x1b hc y382 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _18e\"> </span>-332<span class=\"_ _1a\"> </span>14<span class=\"_ _64\"> </span>-125<span class=\"_ _1a7\"> </span>-443</div>\n<div class=\"t m8 xe hd y383 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2021<span class=\"_ _1a8\"> </span>3,981<span class=\"_ _119\"> </span>959<span class=\"_ _126\"> </span>3,464<span class=\"_ _1a9\"> </span>8,404</div>\n<div class=\"t m8 xe hd y384 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2022<span class=\"_ _1a5\"> </span>3,981<span class=\"_ _119\"> </span>959<span class=\"_ _126\"> </span>3,464<span class=\"_ _1a9\"> </span>8,404</div>\n<div class=\"t m8 xe hc y385 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1b hc y386 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Acquisitions<span class=\"_ _1aa\"> </span>49<span class=\"_ _18\"> </span>184<span class=\"_ _18\"> </span>321<span class=\"_ _18\"> </span>554</div>\n<div class=\"t m8 x1b hc y387 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Increase thr<span class=\"_ _3\"></span>ough business combinations<span class=\"_ _7d\"> </span>7,206<span class=\"_ _7a\"> </span>5,815<span class=\"_ _1a\"> </span>48<span class=\"_ _8a\"> </span>13,069</div>\n<div class=\"t m8 x1b hc y388 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Disposals<span class=\"_ _1a0\"> </span>0<span class=\"_ _1a\"> </span>12<span class=\"_ _1a7\"> </span>-369<span class=\"_ _64\"> </span>-357</div>\n<div class=\"t m8 x1b hc y389 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _18e\"> </span>-156<span class=\"_ _1a\"> </span>50<span class=\"_ _44\"> </span>-98<span class=\"_ _1a7\"> </span>-203</div>\n<div class=\"t m8 xe hd y38a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2022<span class=\"_ _a4\"> </span>11,081<span class=\"_ _1a9\"> </span>7,020<span class=\"_ _126\"> </span>3,366<span class=\"_ _14d\"> </span>21,467</div>\n\n<div class=\"t m8 xe hd y38b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations and impairment losses</div>\n<div class=\"t m8 xe hd y38c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2021<span class=\"_ _1a5\"> </span>3,576<span class=\"_ _126\"> </span>1,321<span class=\"_ _126\"> </span>3,466<span class=\"_ _126\"> </span>8,363</div>\n<div class=\"t m8 xe hc y38d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1b hc y38e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations<span class=\"_ _1ab\"> </span>32<span class=\"_ _1a\"> </span>68<span class=\"_ _18\"> </span>238<span class=\"_ _18\"> </span>338</div>\n<div class=\"t m8 x1b hc y38f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Disposals\u2005<span class=\"_ _143\"> </span>0<span class=\"_ _64\"> </span>-509<span class=\"_ _64\"> </span>-687<span class=\"_ _126\"> </span>-1,196</div>\n<div class=\"t m8 x1b hc y390 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _18e\"> </span>-277<span class=\"_ _1a\"> </span>12<span class=\"_ _1a7\"> </span>-109<span class=\"_ _64\"> </span>-375</div>\n<div class=\"t m8 xe hd y391 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2021<span class=\"_ _1a8\"> </span>3,331<span class=\"_ _119\"> </span>892<span class=\"_ _126\"> </span>2,908<span class=\"_ _1a9\"> </span>7,130</div>\n<div class=\"t m8 xe hd y392 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2022<span class=\"_ _1a5\"> </span>3,331<span class=\"_ _119\"> </span>892<span class=\"_ _126\"> </span>2,908<span class=\"_ _1a9\"> </span>7,130</div>\n<div class=\"t m8 xe hc y393 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1b hc y394 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations<span class=\"_ _1ab\"> </span>64<span class=\"_ _18\"> </span>170<span class=\"_ _18\"> </span>214<span class=\"_ _18\"> </span>448</div>\n<div class=\"t m8 x1b hc y395 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Disposals\u2005<span class=\"_ _143\"> </span>0<span class=\"_ _44\"> </span>-14<span class=\"_ _64\"> </span>-356<span class=\"_ _64\"> </span>-370</div>\n<div class=\"t m8 x1b hc y396 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _18e\"> </span>-194<span class=\"_ _44\"> </span>-20<span class=\"_ _44\"> </span>-84<span class=\"_ _1a7\"> </span>-298</div>\n<div class=\"t m8 xe hd y397 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2022<span class=\"_ _1a8\"> </span>3,202<span class=\"_ _126\"> </span>1,027<span class=\"_ _126\"> </span>2,681<span class=\"_ _126\"> </span>6,910</div>\n<div class=\"t m8 x60 hd y398 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2005</div>\n<div class=\"t m8 xe hd y399 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value</div>\n<div class=\"t m8 xe hd y39a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value as per December 31, 2021<span class=\"_ _1ac\"> </span>651<span class=\"_ _1ad\"> </span>67<span class=\"_ _119\"> </span>556<span class=\"_ _126\"> </span>1,274</div>\n<div class=\"t m8 xe hd y39b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value as per December 31, 2022<span class=\"_ _e\"> </span>7,879<span class=\"_ _126\"> </span>5,993<span class=\"_ _52\"> </span>684<span class=\"_ _1a2\"> </span>14,557</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 385px; height: 380px; width: 90%; z-index: 4;\"></div>\n\n<div class=\"t m2b2 xe hb y63 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e in net b<span class=\"_ _4\"></span>oo<span class=\"_ _4\"></span>k val<span class=\"_ _4\"></span>ue dur<span class=\"_ _4\"></span>in<span class=\"_ _4\"></span>g 2022 of USD 13<span class=\"_ _3\"></span>.3 milli<span class=\"_ _4\"></span>on mai<span class=\"_ _4\"></span>nly re<span class=\"_ _4\"></span>lates t<span class=\"_ _4\"></span>o the a<span class=\"_ _4\"></span>cqu<span class=\"_ _4\"></span>isit<span class=\"_ _4\"></span>ion o<span class=\"_ _4\"></span>f Bexco N<span class=\"_ _4\"></span>V as a</div>\n<div class=\"t m2b3 xe hb y64 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">100% s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>iar<span class=\"_ _4\"></span>y, i<span class=\"_ _3\"></span>.e. USD 7<span class=\"_ _2\"></span>.2 mil<span class=\"_ _4\"></span>lion la<span class=\"_ _4\"></span>nd an<span class=\"_ _4\"></span>d bui<span class=\"_ _4\"></span>ldin<span class=\"_ _4\"></span>gs an<span class=\"_ _4\"></span>d USD 5.8 milli<span class=\"_ _4\"></span>on ma<span class=\"_ _4\"></span>nuf<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing ma<span class=\"_ _4\"></span>chin<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>nd e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 xe hb y65 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t (see n<span class=\"_ _4\"></span>ote 5 Bu<span class=\"_ _4\"></span>sine<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s com<span class=\"_ _4\"></span>bina<span class=\"_ _4\"></span>tion<span class=\"_ _4\"></span>s and o<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r sha<span class=\"_ _4\"></span>re dea<span class=\"_ _4\"></span>ls for t<span class=\"_ _4\"></span>he d<span class=\"_ _4\"></span>eta<span class=\"_ _4\"></span>ils of t<span class=\"_ _4\"></span>he tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>sac<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n)<span class=\"_ _3\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 311px; height: 828px; width: 92%; z-index: 3;\"></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag487": {
   "value": "\n<div class=\"t m8 xe hd y36c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations and impairment losses</div>\n<div class=\"t m8 xe hd y36d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2021<span class=\"_ _1a1\"> </span>29,723<span class=\"_ _14d\"> </span>51,539<span class=\"_ _131\"> </span>0<span class=\"_ _1a2\"> </span>81,261</div>\n<div class=\"t m8 xe hc y36e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1b hc y36f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations<span class=\"_ _30\"> </span>13,691<span class=\"_ _8a\"> </span>15,600<span class=\"_ _15\"> </span>0<span class=\"_ _b1\"> </span>29,291</div>\n<div class=\"t m8 x1b hc y370 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Disposals<span class=\"_ _1a3\"> </span>1,908<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _7a\"> </span>1,908</div>\n<div class=\"t m8 xe hd y371 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2021<span class=\"_ _a4\"> </span>45,322<span class=\"_ _14d\"> </span>86,139<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>131,461</div>\n<div class=\"t m8 xe hd y372 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2022<span class=\"_ _1a1\"> </span>45,322<span class=\"_ _1a2\"> </span>86,139<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>131,461</div>\n<div class=\"t m8 xe hc y373 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1b hc y374 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations<span class=\"_ _30\"> </span>19,837<span class=\"_ _8a\"> </span>11,801<span class=\"_ _15\"> </span>0<span class=\"_ _b1\"> </span>31,638</div>\n<div class=\"t m8 x1b hc y375 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairments<span class=\"_ _50\"> </span>0<span class=\"_ _14d\"> </span>-18,300<span class=\"_ _27\"> </span>0<span class=\"_ _14d\"> </span>-18,300</div>\n<div class=\"t m8 x1b hc y376 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Disposals<span class=\"_ _1a0\"> </span>0<span class=\"_ _9c\"> </span>-43,874<span class=\"_ _15\"> </span>0<span class=\"_ _9c\"> </span>-43,874</div>\n<div class=\"t m8 xe hd y377 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2022<span class=\"_ _a4\"> </span>65,159<span class=\"_ _14d\"> </span>35,766<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>100,925</div>\n<div class=\"t m8 xe hd y378 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value</div>\n<div class=\"t m8 xe hd y379 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value as per December 31, 2021<span class=\"_ _1a4\"> </span>245,887<span class=\"_ _12d\"> </span>402,549<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>648,436</div>\n<div class=\"t m8 xe hd y37a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value as per December 31, 2022<span class=\"_ _1a4\"> </span>231,739<span class=\"_ _12d\"> </span>206,227<span class=\"_ _131\"> </span>0<span class=\"_ _12d\"> </span>437,966</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 364px; height: 360px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m8 xe hd y38b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations and impairment losses</div>\n<div class=\"t m8 xe hd y38c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2021<span class=\"_ _1a5\"> </span>3,576<span class=\"_ _126\"> </span>1,321<span class=\"_ _126\"> </span>3,466<span class=\"_ _126\"> </span>8,363</div>\n<div class=\"t m8 xe hc y38d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1b hc y38e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations<span class=\"_ _1ab\"> </span>32<span class=\"_ _1a\"> </span>68<span class=\"_ _18\"> </span>238<span class=\"_ _18\"> </span>338</div>\n<div class=\"t m8 x1b hc y38f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Disposals\u2005<span class=\"_ _143\"> </span>0<span class=\"_ _64\"> </span>-509<span class=\"_ _64\"> </span>-687<span class=\"_ _126\"> </span>-1,196</div>\n<div class=\"t m8 x1b hc y390 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _18e\"> </span>-277<span class=\"_ _1a\"> </span>12<span class=\"_ _1a7\"> </span>-109<span class=\"_ _64\"> </span>-375</div>\n<div class=\"t m8 xe hd y391 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2021<span class=\"_ _1a8\"> </span>3,331<span class=\"_ _119\"> </span>892<span class=\"_ _126\"> </span>2,908<span class=\"_ _1a9\"> </span>7,130</div>\n<div class=\"t m8 xe hd y392 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2022<span class=\"_ _1a5\"> </span>3,331<span class=\"_ _119\"> </span>892<span class=\"_ _126\"> </span>2,908<span class=\"_ _1a9\"> </span>7,130</div>\n<div class=\"t m8 xe hc y393 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1b hc y394 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations<span class=\"_ _1ab\"> </span>64<span class=\"_ _18\"> </span>170<span class=\"_ _18\"> </span>214<span class=\"_ _18\"> </span>448</div>\n<div class=\"t m8 x1b hc y395 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Disposals\u2005<span class=\"_ _143\"> </span>0<span class=\"_ _44\"> </span>-14<span class=\"_ _64\"> </span>-356<span class=\"_ _64\"> </span>-370</div>\n<div class=\"t m8 x1b hc y396 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _18e\"> </span>-194<span class=\"_ _44\"> </span>-20<span class=\"_ _44\"> </span>-84<span class=\"_ _1a7\"> </span>-298</div>\n<div class=\"t m8 xe hd y397 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2022<span class=\"_ _1a8\"> </span>3,202<span class=\"_ _126\"> </span>1,027<span class=\"_ _126\"> </span>2,681<span class=\"_ _126\"> </span>6,910</div>\n<div class=\"t m8 x60 hd y398 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2005</div>\n<div class=\"t m8 xe hd y399 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value</div>\n<div class=\"t m8 xe hd y39a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value as per December 31, 2021<span class=\"_ _1ac\"> </span>651<span class=\"_ _1ad\"> </span>67<span class=\"_ _119\"> </span>556<span class=\"_ _126\"> </span>1,274</div>\n<div class=\"t m8 xe hd y39b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value as per December 31, 2022<span class=\"_ _e\"> </span>7,879<span class=\"_ _126\"> </span>5,993<span class=\"_ _52\"> </span>684<span class=\"_ _1a2\"> </span>14,557</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 385px; height: 380px; width: 90%; z-index: 4;\"></div>\n\n<div class=\"t m8 x1 hd y3ae ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">DEPRECIA<span class=\"_ _1\"></span>TIONS AND IMP<span class=\"_ _1\"></span>AIRMENT LOSSES</div>\n<div class=\"t m8 x1 hd y3af ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2021<span class=\"_ _1b0\"> </span>3,386<span class=\"_ _119\"> </span>364<span class=\"_ _126\"> </span>3,750</div>\n<div class=\"t m8 x1 hc y3b0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1f hc y3b1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations<span class=\"_ _90\"> </span>1,487<span class=\"_ _92\"> </span>181<span class=\"_ _7a\"> </span>1,668</div>\n<div class=\"t m8 x1f hc y3b2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>erminations<span class=\"_ _1b1\"> </span>-2,083<span class=\"_ _1a7\"> </span>-267<span class=\"_ _126\"> </span>-2,351</div>\n<div class=\"t m8 x1f hc y3b3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _b3\"> </span>59<span class=\"_ _144\"> </span>-5<span class=\"_ _1a\"> </span>54</div>\n<div class=\"t m8 x1 hd y3b4 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2021<span class=\"_ _108\"> </span>2,848<span class=\"_ _119\"> </span>273<span class=\"_ _126\"> </span>3,121</div>\n<div class=\"t m8 x1 hd y3b5 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2022<span class=\"_ _1b0\"> </span>2,848<span class=\"_ _119\"> </span>273<span class=\"_ _126\"> </span>3,121</div>\n<div class=\"t m8 x1 hc y3b6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1f hc y3b7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations<span class=\"_ _90\"> </span>1,294<span class=\"_ _92\"> </span>194<span class=\"_ _7a\"> </span>1,488</div>\n<div class=\"t m8 x1f hc y3b8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>erminations<span class=\"_ _1b4\"> </span>-241<span class=\"_ _44\"> </span>-71<span class=\"_ _1a7\"> </span>-312</div>\n<div class=\"t m8 x1f hc y3b9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _1b2\"> </span>-42<span class=\"_ _44\"> </span>-13<span class=\"_ _44\"> </span>-55</div>\n<div class=\"t m8 x1 hd y3ba ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2022<span class=\"_ _108\"> </span>3,859<span class=\"_ _119\"> </span>384<span class=\"_ _126\"> </span>4,242</div>\n<div class=\"t m8 x1 hd y3bb ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">NET BOOK V<span class=\"_ _1\"></span>ALUE</div>\n<div class=\"t m8 x1 hd y3bc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value as per December 31, 2021<span class=\"_ _be\"> </span>5,827<span class=\"_ _119\"> </span>173<span class=\"_ _1a9\"> </span>6,000</div>\n<div class=\"t m8 x1 hd y3bd ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value as per December 31, 2022<span class=\"_ _1f\"> </span>10,143<span class=\"_ _52\"> </span>767<span class=\"_ _1a2\"> </span>10,910</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 267px; height: 380px; width: 90%; z-index: 4;\"></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag488": {
   "value": "\n<div class=\"t m0 x1 h6 y1f8 ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Impairment</div>\n<div class=\"t m292 x1 hb y8b ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">For t<span class=\"_ _4\"></span>he w<span class=\"_ _4\"></span>holly<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>own<span class=\"_ _4\"></span>ed \ufb02e<span class=\"_ _4\"></span>et, i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>nal a<span class=\"_ _4\"></span>nd ex<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>rn<span class=\"_ _4\"></span>al tr<span class=\"_ _4\"></span>igg<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s are ev<span class=\"_ _4\"></span>alua<span class=\"_ _4\"></span>ted w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h indi<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>te tha<span class=\"_ _4\"></span>t the c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g valu<span class=\"_ _4\"></span>e of</div>\n<div class=\"t m2a6 x1 hb y4a ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e \ufb02eet s<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>uld b<span class=\"_ _4\"></span>e tes<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d for i<span class=\"_ _4\"></span>mpai<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>. Th<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt of t<span class=\"_ _4\"></span>he \ufb02e<span class=\"_ _4\"></span>et is c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>are<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e rec<span class=\"_ _4\"></span>over<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt,</div>\n<div class=\"t m8 x1 hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">whi<span class=\"_ _4\"></span>ch is t<span class=\"_ _4\"></span>he hig<span class=\"_ _4\"></span>her of t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue le<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s cos<span class=\"_ _4\"></span>t to s<span class=\"_ _4\"></span>ell an<span class=\"_ _4\"></span>d the v<span class=\"_ _4\"></span>alue i<span class=\"_ _4\"></span>n use.</div>\n<div class=\"t m2a7 x1 hb y4c ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e les<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>s to s<span class=\"_ _4\"></span>ell i<span class=\"_ _4\"></span>s bas<span class=\"_ _4\"></span>ed u<span class=\"_ _4\"></span>pon t<span class=\"_ _4\"></span>he ave<span class=\"_ _4\"></span>rag<span class=\"_ _4\"></span>e fa<span class=\"_ _4\"></span>ir mar<span class=\"_ _4\"></span>ket va<span class=\"_ _4\"></span>lue as d<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>d by t<span class=\"_ _4\"></span>wo in<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>pen<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>nt shi<span class=\"_ _4\"></span>p</div>\n<div class=\"t m2a8 x1 hb y4d ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">bro<span class=\"_ _4\"></span>ker<span class=\"_ _4\"></span>s or re<span class=\"_ _4\"></span>cent m<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ket tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ions o<span class=\"_ _4\"></span>f com<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>. Thi<span class=\"_ _4\"></span>s mar<span class=\"_ _4\"></span>ket valu<span class=\"_ _4\"></span>e is co<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d wit<span class=\"_ _4\"></span>h an ave<span class=\"_ _4\"></span>rag<span class=\"_ _4\"></span>e bro<span class=\"_ _4\"></span>ker<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m2a9 x1 hb y4e ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">age c<span class=\"_ _4\"></span>ommi<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ion t<span class=\"_ _4\"></span>o be pa<span class=\"_ _4\"></span>id wh<span class=\"_ _4\"></span>en a ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>el is s<span class=\"_ _4\"></span>old<span class=\"_ _4\"></span>. The v<span class=\"_ _4\"></span>alue i<span class=\"_ _4\"></span>n use i<span class=\"_ _4\"></span>s bas<span class=\"_ _4\"></span>ed u<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>n the e<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tima<span class=\"_ _4\"></span>ted f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s</div>\n<div class=\"t m157 x1 hb y72 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">dis<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d to the<span class=\"_ _4\"></span>ir pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nt val<span class=\"_ _4\"></span>ue an<span class=\"_ _4\"></span>d re\ufb02e<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>g cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nt mar<span class=\"_ _4\"></span>ket as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>sm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>latin<span class=\"_ _4\"></span>g to fr<span class=\"_ _4\"></span>eight r<span class=\"_ _4\"></span>ate e<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tima<span class=\"_ _4\"></span>tes, e<span class=\"_ _4\"></span>m<span class=\"ws2\">-</span></div>\n<div class=\"t m1d7 x1 hb y4f ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">ploy<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt an<span class=\"_ _4\"></span>d ope<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>g exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>ses<span class=\"_ _4\"></span>. Th<span class=\"_ _4\"></span>e valu<span class=\"_ _4\"></span>e in us<span class=\"_ _4\"></span>e mod<span class=\"_ _4\"></span>el al<span class=\"_ _4\"></span>so in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>des a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>ns t<span class=\"_ _4\"></span>aken am<span class=\"_ _4\"></span>ong<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t oth<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s wit<span class=\"_ _4\"></span>h</div>\n<div class=\"t m8 x1 hb y50 ff1 fs9 fc2 sc0 ls2 ws1b\" style=\"z-index: 15;\">res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t to f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure hir<span class=\"_ _4\"></span>e paid, c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rac<span class=\"_ _7\"></span>t dur<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion a<span class=\"_ _4\"></span>nd nu<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r of mo<span class=\"_ _4\"></span>nths\u2019 i<span class=\"_ _4\"></span>nter<span class=\"_ _7\"></span>val b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>we<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>o cont<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s. T<span class=\"_ _4\"></span>he o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>at<span class=\"ws2\">-</span></div>\n<div class=\"t m2aa x1 hb y51 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">ing c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s are b<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d on i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>nal i<span class=\"_ _4\"></span>nfor<span class=\"_ _4\"></span>mat<span class=\"_ _4\"></span>ion a<span class=\"_ _4\"></span>nd a s<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>vit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>naly<span class=\"_ _4\"></span>sis is p<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>d on e<span class=\"_ _4\"></span>ach a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ump<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n. The</div>\n<div class=\"t m2ab x1 hb y52 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">dis<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow m<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>el us<span class=\"_ _4\"></span>ed by ma<span class=\"_ _4\"></span>nage<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t incl<span class=\"_ _4\"></span>ude<span class=\"_ _4\"></span>s es<span class=\"_ _4\"></span>tim<span class=\"_ _4\"></span>ated c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s for t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>maini<span class=\"_ _4\"></span>ng life<span class=\"_ _4\"></span>time of t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m3c x1 hb y53 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">wh<span class=\"_ _4\"></span>olly<span class=\"_ _4\"></span>-o<span class=\"_ _4\"></span>wn<span class=\"_ _4\"></span>ed \ufb02e<span class=\"_ _4\"></span>et. T<span class=\"_ _4\"></span>hre<span class=\"_ _4\"></span>e<span class=\"_ _4\"></span>-year c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow fo<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d by mana<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent b<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d up<span class=\"_ _4\"></span>on t<span class=\"_ _4\"></span>he pa<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t exp<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ien<span class=\"_ _4\"></span>ce</div>\n<div class=\"t m183 x1 hb y54 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">as we<span class=\"_ _4\"></span>ll as cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ent ma<span class=\"_ _4\"></span>rket e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ions r<span class=\"_ _4\"></span>ega<span class=\"_ _4\"></span>rdi<span class=\"_ _4\"></span>ng volu<span class=\"_ _4\"></span>mes a<span class=\"_ _4\"></span>nd f<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>ht ra<span class=\"_ _4\"></span>tes g<span class=\"_ _4\"></span>oing fo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>ard. Fre<span class=\"_ _4\"></span>ight r<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s as we<span class=\"_ _4\"></span>ll as</div>\n<div class=\"t m2ac x1 hb y73 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atin<span class=\"_ _4\"></span>g exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>ses s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>nt to thi<span class=\"_ _4\"></span>s thr<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>-yea<span class=\"_ _4\"></span>r per<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>d are ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to cha<span class=\"_ _4\"></span>nge i<span class=\"_ _4\"></span>n line w<span class=\"_ _4\"></span>ith e<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>ed in\ufb02<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n</div>\n<div class=\"t m2ad x1 hb y55 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">af<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>ard<span class=\"_ _4\"></span>s. Th<span class=\"_ _4\"></span>e dis<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nt r<span class=\"_ _4\"></span>ate us<span class=\"_ _4\"></span>ed is a w<span class=\"_ _4\"></span>eigh<span class=\"_ _4\"></span>ted aver<span class=\"_ _4\"></span>ag<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t of c<span class=\"_ _4\"></span>ap<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>al of 7.6%<span class=\"_ _4\"></span> for t<span class=\"_ _4\"></span>he Shi<span class=\"_ _4\"></span>ppi<span class=\"_ _4\"></span>ng LP<span class=\"_ _4\"></span>G seg<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt</div>\n<div class=\"t m8 x1 hb y56 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15; word-spacing: 3px;\">(2021<span class=\"_ _1\"></span>: 5.5%)<span class=\"_ _3\"></span>, 9.5%<span class=\"_ _7\"></span> fo<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e Ship<span class=\"_ _4\"></span>pin<span class=\"_ _4\"></span>g LNG s<span class=\"_ _4\"></span>eg<span class=\"_ _4\"></span>ment (<span class=\"_ _4\"></span>2021<span class=\"_ _1\"></span>: 6.0%) and 11.0%<span class=\"_ _7\"></span> fo<span class=\"_ _4\"></span>r the I<span class=\"_ _4\"></span>nfr<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>re se<span class=\"_ _4\"></span>gme<span class=\"_ _4\"></span>nt 9<span class=\"_ _1\"></span>.<span class=\"_ _4\"></span>2%).</div>\n<div class=\"t m267 x1 hb y57 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">In 2021<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he ear<span class=\"_ _4\"></span>ly ter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>nati<span class=\"_ _4\"></span>on of t<span class=\"_ _4\"></span>he cha<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r agre<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt of t<span class=\"_ _4\"></span>he FSRU S<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _4\"></span>8 tr<span class=\"_ _4\"></span>igg<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>d an im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt ch<span class=\"_ _4\"></span>arge o<span class=\"_ _4\"></span>f USD</div>\n<div class=\"t m1b9 x1 hb y58 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">1<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>.0 milli<span class=\"_ _4\"></span>on, whi<span class=\"_ _4\"></span>ch wa<span class=\"_ _4\"></span>s bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e fai<span class=\"_ _4\"></span>r valu<span class=\"_ _4\"></span>e les<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>st to s<span class=\"_ _4\"></span>ell at t<span class=\"_ _4\"></span>hat t<span class=\"_ _4\"></span>ime. Sin<span class=\"_ _4\"></span>ce Mar<span class=\"_ _4\"></span>ch 20<span class=\"_ _4\"></span>22, the Ru<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ia<span class=\"_ _4\"></span>-U<span class=\"_ _4\"></span>kr<span class=\"_ _4\"></span>ain<span class=\"_ _4\"></span>e</div>\n<div class=\"t m2ae x1 hb y59 ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">con<span class=\"_ _4\"></span>\ufb02ic<span class=\"_ _4\"></span>t ha<span class=\"_ _4\"></span>s res<span class=\"_ _4\"></span>ulte<span class=\"_ _4\"></span>d in si<span class=\"_ _4\"></span>gni\ufb01<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>ntl<span class=\"_ _4\"></span>y high<span class=\"_ _4\"></span>er en<span class=\"_ _4\"></span>erg<span class=\"_ _4\"></span>y pr<span class=\"_ _4\"></span>ices a<span class=\"_ _4\"></span>nd hig<span class=\"_ _4\"></span>her d<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>and of L<span class=\"_ _4\"></span>NG uni<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s. A \ufb01ve<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>year c<span class=\"_ _4\"></span>har<span class=\"_ _7\"></span>ter ag<span class=\"_ _4\"></span>ree<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m20 x1 hb y5a ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t for t<span class=\"_ _4\"></span>he FSRU S<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _4\"></span>8 (th<span class=\"_ _4\"></span>ereaf<span class=\"_ _7\"></span>ter re<span class=\"_ _4\"></span>nam<span class=\"_ _4\"></span>ed to \u201cEEMSHAVEN LNG\u201d) was s<span class=\"_ _4\"></span>igne<span class=\"_ _4\"></span>d wi<span class=\"_ _4\"></span>th GA<span class=\"_ _4\"></span>SUNIE L<span class=\"_ _4\"></span>NG Ho<span class=\"_ _4\"></span>ldin<span class=\"_ _4\"></span>gs BV<span class=\"_ _1\"></span>,</div>\n<div class=\"t m2af x1 hb y5b ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">wit<span class=\"_ _4\"></span>h hir<span class=\"_ _4\"></span>e inco<span class=\"_ _4\"></span>me s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing as f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m mid<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>Aug<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>t 2022. C<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>eq<span class=\"_ _4\"></span>uen<span class=\"_ _4\"></span>tly<span class=\"_ _3\"></span>, and b<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>ed on t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue a<span class=\"_ _4\"></span>s dete<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>mine<span class=\"_ _4\"></span>d by</div>\n<div class=\"t m2b0 x1 hb y5c ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">t<span class=\"_ _4\"></span>wo in<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>nt br<span class=\"_ _4\"></span>oker<span class=\"_ _4\"></span>s of th<span class=\"_ _4\"></span>e EEMSHAVEN LNG, an im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>m<span class=\"_ _4\"></span>ent c<span class=\"_ _4\"></span>harg<span class=\"_ _4\"></span>e of USD 1<span class=\"_ _3\"></span>8.3 milli<span class=\"_ _4\"></span>on w<span class=\"_ _4\"></span>as rever<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ed as o<span class=\"_ _4\"></span>f</div>\n<div class=\"t m8 x1 hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Jun<span class=\"_ _4\"></span>e 30, 2022.</div>\n<div class=\"t m2b1 x1 hb y5e ff1 fs9 fc2 sc0 ls24 wsc\" style=\"z-index: 15;\">For ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>els u<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r join<span class=\"_ _4\"></span>t vent<span class=\"_ _4\"></span>ure ow<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>hip, impa<span class=\"_ _4\"></span>ir<span class=\"_ _4\"></span>ment t<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>gge<span class=\"_ _4\"></span>rs a<span class=\"_ _4\"></span>re eval<span class=\"_ _4\"></span>uate<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e sa<span class=\"_ _4\"></span>me way a<span class=\"_ _4\"></span>s for t<span class=\"_ _4\"></span>he wh<span class=\"_ _4\"></span>olly<span class=\"_ _4\"></span>-o<span class=\"_ _4\"></span>wne<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 x1 hb y5f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\ufb02ee<span class=\"_ _4\"></span>t. We refe<span class=\"_ _4\"></span>r to Note 1<span class=\"_ _3\"></span>7 Inves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>n equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s in th<span class=\"_ _4\"></span>is res<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 443px; height: 441px; width: 90%; z-index: 4;\"></div>\n\n<div></div>\n<div class=\"t m8 x1 hd y39c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x1 hd y39d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">COST</div>\n<div class=\"t m8 x61 hd y39e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Property<span class=\"_ _cb\"> </span>IT equipment<span class=\"_ _8e\"> </span>T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 x1 hd y39f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2021<span class=\"_ _1b0\"> </span>6,586<span class=\"_ _119\"> </span>625<span class=\"_ _126\"> </span>7,211</div>\n<div class=\"t m8 x1 hc y3a0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1f hc y3a1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Additions<span class=\"_ _35\"> </span>2,897<span class=\"_ _1a\"> </span>92<span class=\"_ _7a\"> </span>2,990</div>\n<div class=\"t m8 x1f hc y3a2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>erminations<span class=\"_ _1b1\"> </span>-2,085<span class=\"_ _1a7\"> </span>-267<span class=\"_ _126\"> </span>-2,352</div>\n<div class=\"t m8 x1f hc y3a3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _1b2\"> </span>-64<span class=\"_ _144\"> </span>-3<span class=\"_ _44\"> </span>-67</div>\n<div class=\"t m8 x1f hc y3a4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Contract re-measur<span class=\"_ _3\"></span>ement/contract modi\ufb01cation<span class=\"_ _ca\"> </span>1,340<span class=\"_ _27\"> </span>0<span class=\"_ _7a\"> </span>1,340</div>\n<div class=\"t m8 x1 hd y3a5 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2021<span class=\"_ _108\"> </span>8,675<span class=\"_ _119\"> </span>446<span class=\"_ _126\"> </span>9,121</div>\n<div class=\"t m8 x1 hd y3a6 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2022<span class=\"_ _1b0\"> </span>8,675<span class=\"_ _119\"> </span>446<span class=\"_ _126\"> </span>9,121</div>\n<div class=\"t m8 x1 hc y3a7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1f hc y3a8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Additions<span class=\"_ _1b3\"> </span>-25<span class=\"_ _18\"> </span>791<span class=\"_ _18\"> </span>766</div>\n<div class=\"t m8 x1f hc y3a9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Increase thr<span class=\"_ _3\"></span>ough business combinations<span class=\"_ _66\"> </span>5,609<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>5,609</div>\n<div class=\"t m8 x1f hc y3aa ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>erminations<span class=\"_ _1b4\"> </span>-241<span class=\"_ _44\"> </span>-71<span class=\"_ _1a7\"> </span>-312</div>\n<div class=\"t m8 x1f hc y3ab ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _21\"> </span>-178<span class=\"_ _44\"> </span>-15<span class=\"_ _1a7\"> </span>-194</div>\n<div class=\"t m8 x1f hc y3ac ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Contract re-measur<span class=\"_ _3\"></span>ement/contract modi\ufb01cation<span class=\"_ _1b5\"> </span>162<span class=\"_ _144\"> </span>-1<span class=\"_ _18\"> </span>161</div>\n<div class=\"t m8 x1 hd y3ad ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2022<span class=\"_ _f2\"> </span>14,002<span class=\"_ _126\"> </span>1,151<span class=\"_ _14d\"> </span>15,153</div>\n\n<div class=\"t m8 x1 hd y3ae ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">DEPRECIA<span class=\"_ _1\"></span>TIONS AND IMP<span class=\"_ _1\"></span>AIRMENT LOSSES</div>\n<div class=\"t m8 x1 hd y3af ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2021<span class=\"_ _1b0\"> </span>3,386<span class=\"_ _119\"> </span>364<span class=\"_ _126\"> </span>3,750</div>\n<div class=\"t m8 x1 hc y3b0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1f hc y3b1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations<span class=\"_ _90\"> </span>1,487<span class=\"_ _92\"> </span>181<span class=\"_ _7a\"> </span>1,668</div>\n<div class=\"t m8 x1f hc y3b2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>erminations<span class=\"_ _1b1\"> </span>-2,083<span class=\"_ _1a7\"> </span>-267<span class=\"_ _126\"> </span>-2,351</div>\n<div class=\"t m8 x1f hc y3b3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _b3\"> </span>59<span class=\"_ _144\"> </span>-5<span class=\"_ _1a\"> </span>54</div>\n<div class=\"t m8 x1 hd y3b4 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2021<span class=\"_ _108\"> </span>2,848<span class=\"_ _119\"> </span>273<span class=\"_ _126\"> </span>3,121</div>\n<div class=\"t m8 x1 hd y3b5 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2022<span class=\"_ _1b0\"> </span>2,848<span class=\"_ _119\"> </span>273<span class=\"_ _126\"> </span>3,121</div>\n<div class=\"t m8 x1 hc y3b6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1f hc y3b7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations<span class=\"_ _90\"> </span>1,294<span class=\"_ _92\"> </span>194<span class=\"_ _7a\"> </span>1,488</div>\n<div class=\"t m8 x1f hc y3b8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>erminations<span class=\"_ _1b4\"> </span>-241<span class=\"_ _44\"> </span>-71<span class=\"_ _1a7\"> </span>-312</div>\n<div class=\"t m8 x1f hc y3b9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _1b2\"> </span>-42<span class=\"_ _44\"> </span>-13<span class=\"_ _44\"> </span>-55</div>\n<div class=\"t m8 x1 hd y3ba ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2022<span class=\"_ _108\"> </span>3,859<span class=\"_ _119\"> </span>384<span class=\"_ _126\"> </span>4,242</div>\n<div class=\"t m8 x1 hd y3bb ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">NET BOOK V<span class=\"_ _1\"></span>ALUE</div>\n<div class=\"t m8 x1 hd y3bc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value as per December 31, 2021<span class=\"_ _be\"> </span>5,827<span class=\"_ _119\"> </span>173<span class=\"_ _1a9\"> </span>6,000</div>\n<div class=\"t m8 x1 hd y3bd ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value as per December 31, 2022<span class=\"_ _1f\"> </span>10,143<span class=\"_ _52\"> </span>767<span class=\"_ _1a2\"> </span>10,910</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 267px; height: 380px; width: 90%; z-index: 4;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 267px; height: 757px; width: 92%; z-index: 3;\"><br/></div>\n\n<div></div>\n\n<div class=\"t m0 x1 h11 y63 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 2<span class=\"_ _1\"></span>1 - ASSETS HELD FO<span class=\"_ _3\"></span>R SAL<span class=\"_ _3\"></span>E</div>\n<div class=\"t m8 x1 hd y4ac ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x52 hd y4ad ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Assets held</div>\n<div class=\"t m8 x88 hd y4ae ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">for sale</div>\n<div class=\"t m8 x1 hd y4af ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2021<span class=\"_ _1f6\"> </span>10,000</div>\n<div class=\"t m8 x1 hc y4b0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1f hc y4b1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairment reversal<span class=\"_ _1f7\"> </span>2,500</div>\n<div class=\"t m8 x1 hd y4b2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2021<span class=\"_ _1f8\"> </span>12,500</div>\n<div class=\"t m8 x1 hd y4b3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2022<span class=\"_ _1f6\"> </span>12,500</div>\n<div class=\"t m8 x1 hc y4b4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1f hc y4b5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Disposals<span class=\"_ _1f9\"> </span>-12,500</div>\n<div class=\"t m8 x1 hd y4b6 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2022<span class=\"_ _4b\"> </span>0</div>\n<div class=\"t m8 x1 hb y71 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">End Ma<span class=\"_ _4\"></span>rch 2<span class=\"_ _4\"></span>022, E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R sol<span class=\"_ _4\"></span>d it<span class=\"_ _4\"></span>s air<span class=\"_ _4\"></span>cr<span class=\"_ _4\"></span>af<span class=\"_ _4\"></span>t, w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h was c<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed as h<span class=\"_ _4\"></span>eld f<span class=\"_ _4\"></span>or sa<span class=\"_ _4\"></span>le.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 80px; height: 284px; width: 88%; z-index: 5;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 80px; height: 284px; width: 90%; z-index: 4;\"><br/></div>\n\n<div></div>\n\n<div class=\"t m2d3 xe hb yb5 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s ex<span class=\"_ _4\"></span>pos<span class=\"_ _4\"></span>ure to c<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>dit a<span class=\"_ _4\"></span>nd cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks a<span class=\"_ _4\"></span>nd im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d to tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>e and o<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r rec<span class=\"_ _4\"></span>eiva<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s</div>\n<div class=\"t m2d4 xe hb yb6 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">is di<span class=\"_ _4\"></span>scl<span class=\"_ _4\"></span>ose<span class=\"_ _4\"></span>d in Not<span class=\"_ _4\"></span>e 32 Finan<span class=\"_ _4\"></span>cial r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks a<span class=\"_ _4\"></span>nd \ufb01na<span class=\"_ _4\"></span>ncial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s. I<span class=\"_ _4\"></span>n add<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>on to t<span class=\"_ _4\"></span>he imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es rec<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 xe hb ycb ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rela<span class=\"_ _4\"></span>ted p<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ies (s<span class=\"_ _4\"></span>ee Not<span class=\"_ _4\"></span>e 1<span class=\"_ _1\"></span>8),  an i<span class=\"_ _4\"></span>mpai<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>ent l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s of USD 2.3 milli<span class=\"_ _4\"></span>on wa<span class=\"_ _4\"></span>s rec<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>ed, ver<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>us USD 1<span class=\"_ _3\"></span>.<span class=\"_ _1\"></span>1 million i<span class=\"_ _4\"></span>n 2021<span class=\"_ _1\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 129px; height: 53px; width: 90%; z-index: 4;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 129px; height: 53px; width: 92%; z-index: 3;\"><br/></div>\n\n<div></div>\n\n<div class=\"t m0 xe h2 y6d ff2 fs0 fc2 sc0 ls2c ws1e\" style=\"z-index: 15;\">Impairment l<span class=\"_ _3\"></span>osses</div>\n<div class=\"t m8 xe hb y6e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s pas<span class=\"_ _4\"></span>t d<span class=\"_ _4\"></span>ue ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ding r<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>ble b<span class=\"_ _4\"></span>alanc<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e imma<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>ial, no age<span class=\"_ _4\"></span>ing an<span class=\"_ _4\"></span>aly<span class=\"_ _4\"></span>sis is d<span class=\"_ _4\"></span>isc<span class=\"_ _4\"></span>los<span class=\"_ _4\"></span>ed.</div>\n<div class=\"t m36 xe hb y6f ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">At year-<span class=\"_ _4\"></span>end 2<span class=\"_ _4\"></span>022, we rec<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>ir<span class=\"_ _4\"></span>ment c<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>ges f<span class=\"_ _4\"></span>or b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs t<span class=\"_ _4\"></span>o and t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>de re<span class=\"_ _4\"></span>cei<span class=\"_ _4\"></span>vab<span class=\"_ _4\"></span>le ba<span class=\"_ _4\"></span>lanc<span class=\"_ _4\"></span>es f<span class=\"_ _4\"></span>rom e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y</div>\n<div class=\"t m327 xe hb y70 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ees fo<span class=\"_ _4\"></span>r a tot<span class=\"_ _4\"></span>al amo<span class=\"_ _4\"></span>unt of US<span class=\"_ _4\"></span>D 1<span class=\"_ _2\"></span>1.2 millio<span class=\"_ _4\"></span>n and US<span class=\"_ _4\"></span>D 2.3 millio<span class=\"_ _4\"></span>n imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt cha<span class=\"_ _4\"></span>rge<span class=\"_ _4\"></span>s on ot<span class=\"_ _4\"></span>her (no<span class=\"_ _4\"></span>n-</div>\n<div class=\"t m8 xe hb y71 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">trad<span class=\"_ _4\"></span>e)<span class=\"_ _3\"></span> third par<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y receivable balances.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 8%; bottom: 80px; height: 86px; width: 84%; z-index: 7;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 80px; height: 86px; width: 86%; z-index: 6;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag425": {
   "value": "\n<div></div>\n<div></div>\n\n<div></div>\n<div class=\"t m0 xe h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 1<span class=\"_ _179\"></span>5 - OTHER P<span class=\"_ _3\"></span>ROP<span class=\"_ _3\"></span>ERT<span class=\"_ _7\"></span>Y<span class=\"_ _179\"></span>, PL<span class=\"_ _4\"></span>ANT AND EQUI<span class=\"_ _3\"></span>PM<span class=\"_ _3\"></span>ENT</div>\n<div class=\"t m8 xe hd y37b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 xe hd y37c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cost</div>\n<div class=\"t m8 x5c hd y37b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Land and</div>\n<div class=\"t m8 x5c hd y37c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">buildings</div>\n<div class=\"t m8 x5d hd y37b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Machinery and</div>\n<div class=\"t m8 x5e hd y37c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">equipment</div>\n<div class=\"t m8 x5f hd y37b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Furniture and</div>\n<div class=\"t m8 x5a hd y37c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">movables</div>\n<div class=\"t m8 x5b hd y37d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 xe hd y37e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2021<span class=\"_ _1a5\"> </span>4,314<span class=\"_ _126\"> </span>1,411<span class=\"_ _126\"> </span>4,319<span class=\"_ _14d\"> </span>10,044</div>\n<div class=\"t m8 xe hc y37f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1b hc y380 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Acquisitions<span class=\"_ _1a6\"> </span>0<span class=\"_ _1a\"> </span>43<span class=\"_ _18\"> </span>207<span class=\"_ _18\"> </span>250</div>\n<div class=\"t m8 x1b hc y381 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Disposals<span class=\"_ _1a0\"> </span>0<span class=\"_ _64\"> </span>-509<span class=\"_ _64\"> </span>-937<span class=\"_ _126\"> </span>-1,446</div>\n<div class=\"t m8 x1b hc y382 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _18e\"> </span>-332<span class=\"_ _1a\"> </span>14<span class=\"_ _64\"> </span>-125<span class=\"_ _1a7\"> </span>-443</div>\n<div class=\"t m8 xe hd y383 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2021<span class=\"_ _1a8\"> </span>3,981<span class=\"_ _119\"> </span>959<span class=\"_ _126\"> </span>3,464<span class=\"_ _1a9\"> </span>8,404</div>\n<div class=\"t m8 xe hd y384 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2022<span class=\"_ _1a5\"> </span>3,981<span class=\"_ _119\"> </span>959<span class=\"_ _126\"> </span>3,464<span class=\"_ _1a9\"> </span>8,404</div>\n<div class=\"t m8 xe hc y385 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1b hc y386 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Acquisitions<span class=\"_ _1aa\"> </span>49<span class=\"_ _18\"> </span>184<span class=\"_ _18\"> </span>321<span class=\"_ _18\"> </span>554</div>\n<div class=\"t m8 x1b hc y387 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Increase thr<span class=\"_ _3\"></span>ough business combinations<span class=\"_ _7d\"> </span>7,206<span class=\"_ _7a\"> </span>5,815<span class=\"_ _1a\"> </span>48<span class=\"_ _8a\"> </span>13,069</div>\n<div class=\"t m8 x1b hc y388 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Disposals<span class=\"_ _1a0\"> </span>0<span class=\"_ _1a\"> </span>12<span class=\"_ _1a7\"> </span>-369<span class=\"_ _64\"> </span>-357</div>\n<div class=\"t m8 x1b hc y389 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _18e\"> </span>-156<span class=\"_ _1a\"> </span>50<span class=\"_ _44\"> </span>-98<span class=\"_ _1a7\"> </span>-203</div>\n<div class=\"t m8 xe hd y38a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2022<span class=\"_ _a4\"> </span>11,081<span class=\"_ _1a9\"> </span>7,020<span class=\"_ _126\"> </span>3,366<span class=\"_ _14d\"> </span>21,467</div>\n\n<div class=\"t m8 xe hd y38b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations and impairment losses</div>\n<div class=\"t m8 xe hd y38c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2021<span class=\"_ _1a5\"> </span>3,576<span class=\"_ _126\"> </span>1,321<span class=\"_ _126\"> </span>3,466<span class=\"_ _126\"> </span>8,363</div>\n<div class=\"t m8 xe hc y38d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1b hc y38e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations<span class=\"_ _1ab\"> </span>32<span class=\"_ _1a\"> </span>68<span class=\"_ _18\"> </span>238<span class=\"_ _18\"> </span>338</div>\n<div class=\"t m8 x1b hc y38f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Disposals\u2005<span class=\"_ _143\"> </span>0<span class=\"_ _64\"> </span>-509<span class=\"_ _64\"> </span>-687<span class=\"_ _126\"> </span>-1,196</div>\n<div class=\"t m8 x1b hc y390 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _18e\"> </span>-277<span class=\"_ _1a\"> </span>12<span class=\"_ _1a7\"> </span>-109<span class=\"_ _64\"> </span>-375</div>\n<div class=\"t m8 xe hd y391 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2021<span class=\"_ _1a8\"> </span>3,331<span class=\"_ _119\"> </span>892<span class=\"_ _126\"> </span>2,908<span class=\"_ _1a9\"> </span>7,130</div>\n<div class=\"t m8 xe hd y392 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2022<span class=\"_ _1a5\"> </span>3,331<span class=\"_ _119\"> </span>892<span class=\"_ _126\"> </span>2,908<span class=\"_ _1a9\"> </span>7,130</div>\n<div class=\"t m8 xe hc y393 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1b hc y394 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations<span class=\"_ _1ab\"> </span>64<span class=\"_ _18\"> </span>170<span class=\"_ _18\"> </span>214<span class=\"_ _18\"> </span>448</div>\n<div class=\"t m8 x1b hc y395 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Disposals\u2005<span class=\"_ _143\"> </span>0<span class=\"_ _44\"> </span>-14<span class=\"_ _64\"> </span>-356<span class=\"_ _64\"> </span>-370</div>\n<div class=\"t m8 x1b hc y396 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _18e\"> </span>-194<span class=\"_ _44\"> </span>-20<span class=\"_ _44\"> </span>-84<span class=\"_ _1a7\"> </span>-298</div>\n<div class=\"t m8 xe hd y397 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2022<span class=\"_ _1a8\"> </span>3,202<span class=\"_ _126\"> </span>1,027<span class=\"_ _126\"> </span>2,681<span class=\"_ _126\"> </span>6,910</div>\n<div class=\"t m8 x60 hd y398 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2005</div>\n<div class=\"t m8 xe hd y399 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value</div>\n<div class=\"t m8 xe hd y39a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value as per December 31, 2021<span class=\"_ _1ac\"> </span>651<span class=\"_ _1ad\"> </span>67<span class=\"_ _119\"> </span>556<span class=\"_ _126\"> </span>1,274</div>\n<div class=\"t m8 xe hd y39b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value as per December 31, 2022<span class=\"_ _e\"> </span>7,879<span class=\"_ _126\"> </span>5,993<span class=\"_ _52\"> </span>684<span class=\"_ _1a2\"> </span>14,557</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 385px; height: 380px; width: 90%; z-index: 4;\"></div>\n\n<div class=\"t m2b2 xe hb y63 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e in net b<span class=\"_ _4\"></span>oo<span class=\"_ _4\"></span>k val<span class=\"_ _4\"></span>ue dur<span class=\"_ _4\"></span>in<span class=\"_ _4\"></span>g 2022 of USD 13<span class=\"_ _3\"></span>.3 milli<span class=\"_ _4\"></span>on mai<span class=\"_ _4\"></span>nly re<span class=\"_ _4\"></span>lates t<span class=\"_ _4\"></span>o the a<span class=\"_ _4\"></span>cqu<span class=\"_ _4\"></span>isit<span class=\"_ _4\"></span>ion o<span class=\"_ _4\"></span>f Bexco N<span class=\"_ _4\"></span>V as a</div>\n<div class=\"t m2b3 xe hb y64 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">100% s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>iar<span class=\"_ _4\"></span>y, i<span class=\"_ _3\"></span>.e. USD 7<span class=\"_ _2\"></span>.2 mil<span class=\"_ _4\"></span>lion la<span class=\"_ _4\"></span>nd an<span class=\"_ _4\"></span>d bui<span class=\"_ _4\"></span>ldin<span class=\"_ _4\"></span>gs an<span class=\"_ _4\"></span>d USD 5.8 milli<span class=\"_ _4\"></span>on ma<span class=\"_ _4\"></span>nuf<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing ma<span class=\"_ _4\"></span>chin<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>nd e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span><span class=\"ws2\">-</span></div>\n<div class=\"t m8 xe hb y65 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t (see n<span class=\"_ _4\"></span>ote 5 Bu<span class=\"_ _4\"></span>sine<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>s com<span class=\"_ _4\"></span>bina<span class=\"_ _4\"></span>tion<span class=\"_ _4\"></span>s and o<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r sha<span class=\"_ _4\"></span>re dea<span class=\"_ _4\"></span>ls for t<span class=\"_ _4\"></span>he d<span class=\"_ _4\"></span>eta<span class=\"_ _4\"></span>ils of t<span class=\"_ _4\"></span>he tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>sac<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n)<span class=\"_ _3\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 311px; height: 828px; width: 92%; z-index: 3;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 311px; height: 828px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "exmar:DisclosureOfOtherPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag410": {
   "value": "\n<div><br/></div>\n<div class=\"t m0 x1 h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 1<span class=\"_ _179\"></span>6 - RIGHT<span class=\"_ _1\"></span> <span class=\"_ _1ae\"></span>-<span class=\"_ _4\"></span>OF- <span class=\"_ _1af\"></span>US<span class=\"_ _3\"></span>E ASSETS</div>\n<div class=\"t m2b4 x1 hb y7f ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p has in<span class=\"_ _4\"></span>itial<span class=\"_ _4\"></span>ly ap<span class=\"_ _4\"></span>plie<span class=\"_ _4\"></span>d IFRS 1<span class=\"_ _3\"></span>6 fro<span class=\"_ _4\"></span>m Jan<span class=\"_ _4\"></span>uar<span class=\"_ _4\"></span>y 1<span class=\"_ _3\"></span>, 201<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>. IFRS 1<span class=\"_ _1\"></span>6 i<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>odu<span class=\"_ _4\"></span>ce<span class=\"_ _4\"></span>d a sing<span class=\"_ _4\"></span>le, on-<span class=\"_ _4\"></span>b<span class=\"_ _4\"></span>alan<span class=\"_ _4\"></span>ce sh<span class=\"_ _4\"></span>eet ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nt<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m2b5 x1 hb y43 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">ing m<span class=\"_ _4\"></span>od<span class=\"_ _4\"></span>el for l<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>es. A<span class=\"_ _4\"></span>s a re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>t, th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p, as a les<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>e, has rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d ri<span class=\"_ _4\"></span>ght-<span class=\"_ _4\"></span>of-<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>ng it<span class=\"_ _4\"></span>s r<span class=\"_ _4\"></span>ight<span class=\"_ _4\"></span>s</div>\n<div class=\"t m2b6 x1 hb y80 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">to us<span class=\"_ _4\"></span>e the u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>erl<span class=\"_ _4\"></span>yin<span class=\"_ _4\"></span>g as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s a<span class=\"_ _4\"></span>nd lea<span class=\"_ _4\"></span>se lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>ies r<span class=\"_ _4\"></span>epr<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>ng it<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>bliga<span class=\"_ _4\"></span>tion t<span class=\"_ _4\"></span>o make lea<span class=\"_ _4\"></span>se pay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s (we ref<span class=\"_ _4\"></span>er to</div>\n<div class=\"t m8 x1 hb y81 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Note 28 Bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owi<span class=\"_ _4\"></span>ngs i<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t of ri<span class=\"_ _4\"></span>ght-<span class=\"_ _4\"></span>of-<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>e leas<span class=\"_ _4\"></span>e liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es).</div>\n\n<div></div>\n<div class=\"t m8 x1 hd y39c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x1 hd y39d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">COST</div>\n<div class=\"t m8 x61 hd y39e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Property<span class=\"_ _cb\"> </span>IT equipment<span class=\"_ _8e\"> </span>T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 x1 hd y39f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2021<span class=\"_ _1b0\"> </span>6,586<span class=\"_ _119\"> </span>625<span class=\"_ _126\"> </span>7,211</div>\n<div class=\"t m8 x1 hc y3a0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1f hc y3a1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Additions<span class=\"_ _35\"> </span>2,897<span class=\"_ _1a\"> </span>92<span class=\"_ _7a\"> </span>2,990</div>\n<div class=\"t m8 x1f hc y3a2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>erminations<span class=\"_ _1b1\"> </span>-2,085<span class=\"_ _1a7\"> </span>-267<span class=\"_ _126\"> </span>-2,352</div>\n<div class=\"t m8 x1f hc y3a3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _1b2\"> </span>-64<span class=\"_ _144\"> </span>-3<span class=\"_ _44\"> </span>-67</div>\n<div class=\"t m8 x1f hc y3a4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Contract re-measur<span class=\"_ _3\"></span>ement/contract modi\ufb01cation<span class=\"_ _ca\"> </span>1,340<span class=\"_ _27\"> </span>0<span class=\"_ _7a\"> </span>1,340</div>\n<div class=\"t m8 x1 hd y3a5 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2021<span class=\"_ _108\"> </span>8,675<span class=\"_ _119\"> </span>446<span class=\"_ _126\"> </span>9,121</div>\n<div class=\"t m8 x1 hd y3a6 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2022<span class=\"_ _1b0\"> </span>8,675<span class=\"_ _119\"> </span>446<span class=\"_ _126\"> </span>9,121</div>\n<div class=\"t m8 x1 hc y3a7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1f hc y3a8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Additions<span class=\"_ _1b3\"> </span>-25<span class=\"_ _18\"> </span>791<span class=\"_ _18\"> </span>766</div>\n<div class=\"t m8 x1f hc y3a9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Increase thr<span class=\"_ _3\"></span>ough business combinations<span class=\"_ _66\"> </span>5,609<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>5,609</div>\n<div class=\"t m8 x1f hc y3aa ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>erminations<span class=\"_ _1b4\"> </span>-241<span class=\"_ _44\"> </span>-71<span class=\"_ _1a7\"> </span>-312</div>\n<div class=\"t m8 x1f hc y3ab ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _21\"> </span>-178<span class=\"_ _44\"> </span>-15<span class=\"_ _1a7\"> </span>-194</div>\n<div class=\"t m8 x1f hc y3ac ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Contract re-measur<span class=\"_ _3\"></span>ement/contract modi\ufb01cation<span class=\"_ _1b5\"> </span>162<span class=\"_ _144\"> </span>-1<span class=\"_ _18\"> </span>161</div>\n<div class=\"t m8 x1 hd y3ad ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2022<span class=\"_ _f2\"> </span>14,002<span class=\"_ _126\"> </span>1,151<span class=\"_ _14d\"> </span>15,153</div>\n\n<div class=\"t m8 x1 hd y3ae ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">DEPRECIA<span class=\"_ _1\"></span>TIONS AND IMP<span class=\"_ _1\"></span>AIRMENT LOSSES</div>\n<div class=\"t m8 x1 hd y3af ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2021<span class=\"_ _1b0\"> </span>3,386<span class=\"_ _119\"> </span>364<span class=\"_ _126\"> </span>3,750</div>\n<div class=\"t m8 x1 hc y3b0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1f hc y3b1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations<span class=\"_ _90\"> </span>1,487<span class=\"_ _92\"> </span>181<span class=\"_ _7a\"> </span>1,668</div>\n<div class=\"t m8 x1f hc y3b2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>erminations<span class=\"_ _1b1\"> </span>-2,083<span class=\"_ _1a7\"> </span>-267<span class=\"_ _126\"> </span>-2,351</div>\n<div class=\"t m8 x1f hc y3b3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _b3\"> </span>59<span class=\"_ _144\"> </span>-5<span class=\"_ _1a\"> </span>54</div>\n<div class=\"t m8 x1 hd y3b4 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2021<span class=\"_ _108\"> </span>2,848<span class=\"_ _119\"> </span>273<span class=\"_ _126\"> </span>3,121</div>\n<div class=\"t m8 x1 hd y3b5 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2022<span class=\"_ _1b0\"> </span>2,848<span class=\"_ _119\"> </span>273<span class=\"_ _126\"> </span>3,121</div>\n<div class=\"t m8 x1 hc y3b6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1f hc y3b7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciations<span class=\"_ _90\"> </span>1,294<span class=\"_ _92\"> </span>194<span class=\"_ _7a\"> </span>1,488</div>\n<div class=\"t m8 x1f hc y3b8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>erminations<span class=\"_ _1b4\"> </span>-241<span class=\"_ _44\"> </span>-71<span class=\"_ _1a7\"> </span>-312</div>\n<div class=\"t m8 x1f hc y3b9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _1b2\"> </span>-42<span class=\"_ _44\"> </span>-13<span class=\"_ _44\"> </span>-55</div>\n<div class=\"t m8 x1 hd y3ba ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2022<span class=\"_ _108\"> </span>3,859<span class=\"_ _119\"> </span>384<span class=\"_ _126\"> </span>4,242</div>\n<div class=\"t m8 x1 hd y3bb ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">NET BOOK V<span class=\"_ _1\"></span>ALUE</div>\n<div class=\"t m8 x1 hd y3bc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value as per December 31, 2021<span class=\"_ _be\"> </span>5,827<span class=\"_ _119\"> </span>173<span class=\"_ _1a9\"> </span>6,000</div>\n<div class=\"t m8 x1 hd y3bd ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net book value as per December 31, 2022<span class=\"_ _1f\"> </span>10,143<span class=\"_ _52\"> </span>767<span class=\"_ _1a2\"> </span>10,910</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 267px; height: 380px; width: 90%; z-index: 4;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 267px; height: 757px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m2a3 x1 hb y6a ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e in t<span class=\"_ _4\"></span>he net b<span class=\"_ _4\"></span>oo<span class=\"_ _4\"></span>k valu<span class=\"_ _4\"></span>e of th<span class=\"_ _4\"></span>e rig<span class=\"_ _4\"></span>ht-o<span class=\"_ _4\"></span>f-u<span class=\"_ _4\"></span>se a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s by USD 4.<span class=\"_ _3\"></span>9 millio<span class=\"_ _4\"></span>n in 2022 i<span class=\"_ _4\"></span>s pr<span class=\"_ _4\"></span>ima<span class=\"_ _4\"></span>ril<span class=\"_ _4\"></span>y a res<span class=\"_ _4\"></span>ult of t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m8 x1 hb y7b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bexc<span class=\"_ _4\"></span>o bus<span class=\"_ _4\"></span>ine<span class=\"_ _4\"></span>ss c<span class=\"_ _4\"></span>omb<span class=\"_ _4\"></span>inat<span class=\"_ _4\"></span>ion (s<span class=\"_ _4\"></span>ee als<span class=\"_ _4\"></span>o note 5<span class=\"_ _4\"></span>).</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 195px; height: 944px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m0 x1 h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 3<span class=\"_ _1\"></span>3 \u2013 LE<span class=\"_ _4\"></span>ASES</div>\n<div class=\"t m0 x1 h6 y1ba ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Lea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s as a le<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ee</div>\n<div class=\"t m8 x1 hb y80 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p leas<span class=\"_ _4\"></span>es p<span class=\"_ _4\"></span>rop<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>tie<span class=\"_ _4\"></span>s, moto<span class=\"_ _4\"></span>r vehic<span class=\"_ _4\"></span>les a<span class=\"_ _4\"></span>nd IT e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>pme<span class=\"_ _4\"></span>nt.</div>\n<div class=\"t m8 x1 hd y584 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x1 hc y585 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">RIGHT<span class=\"_ _2\"></span>-OF-USE ASSETS<span class=\"_ _248\"> </span>Property<span class=\"_ _137\"> </span>IT equipment<span class=\"_ _1d3\"> </span>T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 x1 hc y586 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2021<span class=\"_ _249\"> </span>5,827<span class=\"_ _25\"> </span>173<span class=\"_ _15\"> </span>6,000</div>\n<div class=\"t m8 x1 hc y587 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2022<span class=\"_ _45\"> </span>10,143<span class=\"_ _25\"> </span>767<span class=\"_ _1cc\"> </span>10,910</div>\n<div class=\"t m2c7 x1 hb y87 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">For t<span class=\"_ _4\"></span>he fu<span class=\"_ _4\"></span>ll roll fo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>ard s<span class=\"_ _4\"></span>che<span class=\"_ _4\"></span>dul<span class=\"_ _4\"></span>e in re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>ight-<span class=\"_ _4\"></span>of-<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>e as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>ding t<span class=\"_ _4\"></span>he d<span class=\"_ _4\"></span>epr<span class=\"_ _4\"></span>ecia<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n char<span class=\"_ _4\"></span>ge fo<span class=\"_ _4\"></span>r the yea<span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>,</div>\n<div class=\"t m8 x1 hb y8c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">we ref<span class=\"_ _4\"></span>er to No<span class=\"_ _4\"></span>te 1<span class=\"_ _1\"></span>6 Rig<span class=\"_ _4\"></span>ht-<span class=\"_ _4\"></span>of-<span class=\"_ _4\"></span>use a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s of t<span class=\"_ _4\"></span>his an<span class=\"_ _4\"></span>nual r<span class=\"_ _4\"></span>epo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>.</div>\n<div class=\"t m33d x1 hb y88 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p has s<span class=\"_ _4\"></span>ever<span class=\"_ _4\"></span>al lea<span class=\"_ _4\"></span>se co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>hat in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>de ex<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>nsio<span class=\"_ _4\"></span>n or te<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>inat<span class=\"_ _4\"></span>ion o<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>ns. T<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e op<span class=\"_ _4\"></span>tion<span class=\"_ _4\"></span>s are ne<span class=\"_ _4\"></span>got<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>d</div>\n<div class=\"t m33e x1 hb y89 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">by man<span class=\"_ _4\"></span>age<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t to prov<span class=\"_ _4\"></span>ide \ufb02<span class=\"_ _4\"></span>exi<span class=\"_ _4\"></span>bilit<span class=\"_ _7\"></span>y in ma<span class=\"_ _4\"></span>nagin<span class=\"_ _4\"></span>g it<span class=\"_ _4\"></span>s lea<span class=\"_ _4\"></span>se p<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>foli<span class=\"_ _4\"></span>o. Judg<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>ent is a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>lied i<span class=\"_ _4\"></span>n det<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>mini<span class=\"_ _4\"></span>ng wh<span class=\"_ _4\"></span>eth<span class=\"_ _4\"></span>er</div>\n<div class=\"t m8 x1 hb y8a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>ese e<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>tens<span class=\"_ _4\"></span>ion a<span class=\"_ _4\"></span>nd op<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns are r<span class=\"_ _4\"></span>easo<span class=\"_ _4\"></span>nab<span class=\"_ _4\"></span>ly ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain to b<span class=\"_ _4\"></span>e exer<span class=\"_ _4\"></span>cis<span class=\"_ _4\"></span>ed (se<span class=\"_ _4\"></span>e Note 1 A<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng po<span class=\"_ _4\"></span>lici<span class=\"_ _4\"></span>es).</div>\n<div class=\"t m33f x1 hb yd8 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">For t<span class=\"_ _4\"></span>he mat<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>naly<span class=\"_ _4\"></span>sis in r<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t of rel<span class=\"_ _4\"></span>ated l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e liab<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es, we r<span class=\"_ _4\"></span>efer to N<span class=\"_ _4\"></span>ote 32 Fi<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial r<span class=\"_ _4\"></span>isk<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d \ufb01nan<span class=\"_ _4\"></span>cial i<span class=\"_ _4\"></span>n<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y8b ff1 fs9 fc2 sc0 ls17 ws2c\" style=\"z-index: 15;\">st<span class=\"_ _4\"></span>rum<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m0 x1 h6 y206 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ts r<span class=\"_ _4\"></span>ecog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n pro\ufb01<span class=\"_ _4\"></span>t or lo<span class=\"_ _4\"></span>ss</div>\n<div class=\"t m8 x1 hd y611 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x1 hd y612 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LEASES UNDER IFRS 16</div>\n<div class=\"t m8 x1d hd y613 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y614 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest on lease liability<span class=\"_ _75\"> </span>266<span class=\"_ _25\"> </span>166\u2005</div>\n<div class=\"t m8 x1 hc y615 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Expenses related to short-term leases and low value assets<span class=\"_ _24a\"> </span>499<span class=\"_ _25\"> </span>522\u2005</div>\n<div class=\"t m0 x1 h6 y616 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Lea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s as a le<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>or</div>\n<div class=\"t m181 x1 hb yc2 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p ente<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d into lo<span class=\"_ _4\"></span>ng<span class=\"_ _4\"></span>-ter<span class=\"_ _4\"></span>m t<span class=\"_ _4\"></span>ime c<span class=\"_ _4\"></span>har<span class=\"_ _7\"></span>ter ag<span class=\"_ _4\"></span>ree<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s for c<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s in i<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s \ufb02ee<span class=\"_ _4\"></span>t. In re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _7\"></span>t of leas<span class=\"_ _4\"></span>e cl<span class=\"_ _4\"></span>as<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m340 x1 hb y9c ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">si\ufb01<span class=\"_ _4\"></span>cat<span class=\"_ _4\"></span>ion, it w<span class=\"_ _4\"></span>as jud<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>d tha<span class=\"_ _4\"></span>t sub<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>tially a<span class=\"_ _4\"></span>ll ris<span class=\"_ _4\"></span>k<span class=\"_ _4\"></span>s and re<span class=\"_ _4\"></span>war<span class=\"_ _4\"></span>ds re<span class=\"_ _4\"></span>main w<span class=\"_ _4\"></span>ith t<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup. A<span class=\"_ _4\"></span>s a con<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>nce, the<span class=\"_ _4\"></span>se</div>\n<div class=\"t m8 x1 hb yc3 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">agr<span class=\"_ _4\"></span>eem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s q<span class=\"_ _4\"></span>ualif<span class=\"_ _7\"></span>y as op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ng lea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m8 x1 hb y617 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Rent<span class=\"_ _4\"></span>al i<span class=\"_ _4\"></span>ncom<span class=\"_ _4\"></span>e rec<span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>d by th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up du<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g 2022 w<span class=\"_ _4\"></span>as USD 65.<span class=\"_ _1\"></span>1 millio<span class=\"_ _4\"></span>n (2021<span class=\"_ _1\"></span>: USD 4<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>9 millio<span class=\"_ _4\"></span>n)<span class=\"_ _1\"></span>.</div>\n<div class=\"t m341 x1 hb y9e ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e follow<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s out a ma<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>naly<span class=\"_ _4\"></span>sis of l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e pay<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s, s<span class=\"_ _4\"></span>how<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>he un<span class=\"_ _4\"></span>dis<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e pay<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s to b<span class=\"_ _4\"></span>e</div>\n<div class=\"t m342 x1 hb y9f ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">rec<span class=\"_ _4\"></span>eive<span class=\"_ _4\"></span>d af<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r the r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing d<span class=\"_ _4\"></span>ate. No va<span class=\"_ _4\"></span>ria<span class=\"_ _4\"></span>ble l<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e paym<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ed. T<span class=\"_ _4\"></span>he in<span class=\"_ _4\"></span>crea<span class=\"_ _4\"></span>se i<span class=\"_ _4\"></span>n tota<span class=\"_ _4\"></span>l leas<span class=\"_ _4\"></span>e pay<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x1 hb yc5 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(at the s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>sidi<span class=\"_ _4\"></span>ari<span class=\"_ _4\"></span>es) co<span class=\"_ _4\"></span>mpar<span class=\"_ _4\"></span>ed to 2<span class=\"_ _4\"></span>021 is mainly t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>t of:</div>\n<div class=\"t m8 x1 hb y618 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m22e x3b hb ya0 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e new \ufb01ve<span class=\"_ _4\"></span>-ye<span class=\"_ _4\"></span>ar ch<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r agre<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>ent fo<span class=\"_ _4\"></span>r the EEMSH<span class=\"_ _4\"></span>A<span class=\"_ _3\"></span>VEN FSRU, sign<span class=\"_ _4\"></span>ed in M<span class=\"_ _4\"></span>arc<span class=\"_ _4\"></span>h 2022 wi<span class=\"_ _4\"></span>th GA<span class=\"_ _4\"></span>SUN<span class=\"_ _4\"></span>IE and i<span class=\"_ _4\"></span>n<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x3b hb ya1 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">clu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e 2021 tab<span class=\"_ _4\"></span>le as f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m the ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>abi<span class=\"_ _4\"></span>lit<span class=\"_ _4\"></span>y at t<span class=\"_ _4\"></span>he en<span class=\"_ _4\"></span>d of th<span class=\"_ _4\"></span>e thir<span class=\"_ _4\"></span>d qua<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r 2022;</div>\n<div class=\"t m8 x1 hb y619 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Th<span class=\"_ _4\"></span>e new te<span class=\"_ _4\"></span>n-ye<span class=\"_ _4\"></span>ar ch<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r agr<span class=\"_ _4\"></span>eem<span class=\"_ _4\"></span>ent fo<span class=\"_ _4\"></span>r the E<span class=\"_ _4\"></span>XC<span class=\"_ _4\"></span>ALI<span class=\"_ _4\"></span>BUR FSU wi<span class=\"_ _4\"></span>th Eni (s<span class=\"_ _4\"></span>ee N<span class=\"_ _4\"></span>ote 4 Dive<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tit<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>s);</div>\n<div class=\"t m97 x1 hb ya3 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e tab<span class=\"_ _4\"></span>le b<span class=\"_ _4\"></span>elow r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s onl<span class=\"_ _4\"></span>y incl<span class=\"_ _4\"></span>ude<span class=\"_ _4\"></span>s E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R<span class=\"_ _4\"></span>\u2019<span class=\"_ _3\"></span>s shar<span class=\"_ _4\"></span>e in th<span class=\"_ _4\"></span>e ex<span class=\"_ _4\"></span>pec<span class=\"_ _7\"></span>ted o<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>ing</div>\n<div class=\"t m8 x1 hb ya4 ff1 fs9 fc2 sc0 ls31 ws3e\" style=\"z-index: 15;\">lease<span class=\"_ _3\"></span> paymen<span class=\"_ _3\"></span>ts.</div>\n<div class=\"t m8 x1 hd y61a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y61b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Less than one year<span class=\"_ _171\"> </span>80,662<span class=\"_ _1a\"> </span>50,398\u2005</div>\n<div class=\"t m8 x1 hc y61c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">One to two years<span class=\"_ _a6\"> </span>62,765<span class=\"_ _1a\"> </span>46,078\u2005</div>\n<div class=\"t m8 x1 hc y61d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>wo to three years<span class=\"_ _24b\"> </span>62,646<span class=\"_ _1a\"> </span>44,460\u2005</div>\n<div class=\"t m8 x1 hc y61e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Three to four years<span class=\"_ _1bc\"> </span>55,187<span class=\"_ _1a\"> </span>44,396\u2005</div>\n<div class=\"t m8 x1 hc y61f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Four to \ufb01ve years<span class=\"_ _a6\"> </span>32,850<span class=\"_ _1a\"> </span>36,797\u2005</div>\n<div class=\"t m8 x1 hc y620 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">More than \ufb01ve years<span class=\"_ _24c\"> </span>85,045<span class=\"_ _1a\"> </span>17,472\u2005</div>\n<div class=\"t m8 x1 hd y621 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal operating leases under IFRS 16 (Subsidiaries)<span class=\"_ _24d\"> </span>379,155\u2005<span class=\"_ _7a\"> </span>239,601\u2005</div>\n<div class=\"t m8 x1 hc y622 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Less than one year<span class=\"_ _171\"> </span>72,472<span class=\"_ _1a\"> </span>67,335\u2005</div>\n<div class=\"t m8 x1 hc y623 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">One to two years<span class=\"_ _a6\"> </span>28,349<span class=\"_ _1a\"> </span>21,554\u2005</div>\n<div class=\"t m8 x1 hc y624 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>wo to three years<span class=\"_ _24b\"> </span>16,101<span class=\"_ _1a\"> </span>17,415\u2005</div>\n<div class=\"t m8 x1 hc y625 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Three to four years<span class=\"_ _200\"> </span>5,432<span class=\"_ _1a\"> </span>12,553\u2005</div>\n<div class=\"t m8 x1 hc y626 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Four to \ufb01ve years<span class=\"_ _b5\"> </span>1,806<span class=\"_ _27\"> </span>5,425\u2005</div>\n<div class=\"t m8 x1 hc y627 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">More than \ufb01ve years<span class=\"_ _24e\"> </span>0<span class=\"_ _15\"> </span>1,750\u2005</div>\n<div class=\"t m8 x1 hd y628 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal operating leases under IFRS 16 (equity accounted investees)<span class=\"_ _8f\"> </span>124,160\u2005<span class=\"_ _7a\"> </span>126,031\u2005</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 148px; height: 991px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag417": {
   "value": "\n<div class=\"t m0 xe h11 y42 SecVUZO_23 fsb fc3 sc0 ls57 ws61\" style=\"z-index: 15;\">NOTE 17 \u2013 INVESTMENTS IN EQUITY ACCOUNTED INVESTEES</div>\n<div class=\"t m8 xe hb y7f SecVUZO_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">The change in investments in equity accounted investees can be detailed as follows:</div>\n<div class=\"t m8 xe hd y3be SecVUZO_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ SecVUZO_90\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hd y3bf SecVUZO_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1<span class=\"_ SecVUZO_87\"> </span>86,760<span class=\"_ _54\"> </span>64,324</div>\n<div class=\"t m8 xe hc y3c0 SecVUZO_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the period:</div>\n<div class=\"t m8 x1b hc y3c1 SecVUZO_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in profit/(loss)<span class=\"_ SecVUZO_88\"> </span>32,007<span class=\"_ _1a\"> </span>21,769</div>\n<div class=\"t m8 x1b hc y3c2 SecVUZO_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Decrease through business combinations and other share deals<span class=\"_ SecVUZO_84\"> </span>-11,552<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 x1b hc y3c3 SecVUZO_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Dividends<span class=\"_ _1b6\"> </span>-2,079<span class=\"_ _4c\"> </span>-379</div>\n<div class=\"t m8 x1b hc y3c4 SecVUZO_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Change in allocated negative net assets (1)<span class=\"_ _1b7\"> </span>0<span class=\"_ _25\"> </span>335</div>\n<div class=\"t m8 x1b hc y3c5 SecVUZO_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differences<span class=\"_ SecVUZO_89\"> </span>-305<span class=\"_ _4c\"> </span>-441</div>\n<div class=\"t m8 x1b hc y3c6 SecVUZO_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes in other comprehensive income equity accounted investees\ue61e<span class=\"_ SecVUZO_83\"> </span>2,249<span class=\"_ _15\"> </span>1,059</div>\n<div class=\"t m8 x1b hc y3c7 SecVUZO_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other<span class=\"_ _1b9\"> </span>2<span class=\"_ _1c\"> </span>93</div>\n<div class=\"t m8 xe hd y3c8 SecVUZO_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31<span class=\"_ SecVUZO_86\"> </span>107,082<span class=\"_ _54\"> </span>86,760</div>\n<div class=\"t m8 xe h14 y3c9 SecVUZO_25 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(1) <span class=\"_ SecVUZO_75\"> </span>The equity accounted investees for whom the share in the net assets is negative, are allocated to other components of the investor\u2019s interest in the equity</div>\n<div class=\"t m8 x3e h14 y3ca SecVUZO_25 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investee (i.e. primarily deducted from receivables) if such components exists. In case the negative net asset exceeds the investor\u2019s interest, a</div>\n<div class=\"t m8 x3e h14 y3cb SecVUZO_25 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">corresponding liability is recognized only to the extent that the Group has a legal or constructive obligation. In total, an amount of USD 2.0 million was netted</div>\n<div class=\"t m8 x3e h14 y3cc SecVUZO_25 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">in respect of negative net assets at year-end 2021.</div>\n<div class=\"t SecVUZO_35 xe hb y4c SecVUZO_22 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">The share in the profit of equity accounted investees increased from USD 21.8 million to USD 32.0 million primarily</div>\n<div class=\"t SecVUZO_45 xe hb y4d SecVUZO_22 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">due to the contribution of the SE<span class=\"_ SecVUZO_74\"></span>APEAK LPG joint ventures, that benefited from higher time charter rates, lower</div>\n<div class=\"t m8 xe hb y4e SecVUZO_22 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">operating expenses and higher other finance income.</div>\n<div class=\"t m143 xe hb y72 SecVUZO_22 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">During 2022, EXMAR acquired the remaining shares of Bexco NV and Solaia Shipping LLC of respectively 55.1% and</div>\n<div class=\"t m115 xe hb y4f SecVUZO_22 fs9 fc2 sc0 ls1c wsb\" style=\"word-spacing: 1px; z-index: 15;\">50.0% (see Note 5 Business combinations and other share deals for additional information). Consequently, these</div>\n<div class=\"t m2b8 xe hb y50 SecVUZO_22 fs9 fc2 sc0 ls16 wsb\" style=\"word-spacing: 1px; z-index: 15;\">entities are no longer equity accounted investees and are fully consolidated since the date of obtaining control.</div>\n<div class=\"t m2b9 xe hb y51 SecVUZO_22 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">The par<span class=\"_ SecVUZO_74\"></span>t of EXMAR in the results of 2022 until the date of control is still included in the profit and loss statement</div>\n<div class=\"t m8 xe hb y52 SecVUZO_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u201cShare of result in equit<span class=\"_ SecVUZO_74\"></span>y accounted investees (net of income tax)\u201d.</div>\n<div class=\"t m2e0 xe hb y53 SecVUZO_22 fs9 fc2 sc0 ls1a wsc\" style=\"word-spacing: 1px; z-index: 15;\">EXMAR has provided guarantees to financial institutions that granted credit facilities to her equity accounted inves-</div>\n<div class=\"t SecVUZO_44 xe hb y54 SecVUZO_22 fs9 fc2 sc0 ls16 wsb\" style=\"word-spacing: -0.5px; z-index: 15;\">tees. As of December 31, 2022 an amount of USD 541.6 million (2021: USD 473.8 million) was outstanding under</div>\n<div class=\"t m2bc xe hb y73 SecVUZO_22 fs9 fc2 sc0 ls1b wsd\" style=\"word-spacing: -1px; z-index: 15;\">such loan agreements, of which EXMAR has guaranteed USD 270.8 million (2021: USD 236.9 million). We refer in this</div>\n<div class=\"t m285 xe hb y55 SecVUZO_22 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">respect also to Note 32 Financial risks and financial instruments. EXMAR did not incur material contingent liabilities</div>\n<div class=\"t m2bd xe hb y56 SecVUZO_22 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">versus its equity accounted investees. No other commitments than the earlier mentioned guarantees are provided</div>\n<div class=\"t m8 xe hb y57 SecVUZO_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">by EXMAR to it<span class=\"_ SecVUZO_74\"></span>s equit<span class=\"_ SecVUZO_74\"></span>y accounted investees.</div>\n<div class=\"t m2be xe hb y58 SecVUZO_22 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Following regulator<span class=\"_ SecVUZO_74\"></span>y requirements or borrowing arrangements, our joint ventures or associates may be restric<span class=\"_ SecVUZO_74\"></span>ted</div>\n<div class=\"t m2bf xe hb y59 SecVUZO_22 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">to make cash distributions such as dividend payments or repayments of shareholder loans. Under the borrowing</div>\n<div class=\"t m258 xe hb y5a SecVUZO_22 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">arrangements our joint ventures or associates may only make a distribution if no event of default or no breach of</div>\n<div class=\"t m2c0 xe hb y5b SecVUZO_22 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">any covenant would result from such distribution. Under corporate law, dividend distributions are restric<span class=\"_ SecVUZO_74\"></span>ted if the</div>\n<div class=\"t m8 xe hb y5c SecVUZO_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">net assets would be less than the amount of paid up capital plus any reser<span class=\"_ SecVUZO_74\"></span>ves that cannot be distributed.</div>\n<div class=\"t SecVUZO_26 xe hb y5d SecVUZO_22 fs9 fc2 sc0 ls20 wsc\" style=\"z-index: 15;\">For the fleet under joint-venture ownership, impairment triggers are evaluated in the same way as for the wholly-owned</div>\n<div class=\"t SecVUZO_31 xe hb y5e SecVUZO_22 fs9 fc2 sc0 ls12 wsc\" style=\"word-spacing: -1px; z-index: 15;\">fleet. We refer to Note 14 Vessels and barges for more information in this respec<span class=\"_ SecVUZO_74\"></span>t. In 2022, EXMAR accounted for a</div>\n<div class=\"t m1c6 xe hb y5f SecVUZO_22 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">share in the profit of the equity accounted investees (USD 32.0 million), which is positively impac<span class=\"_ SecVUZO_74\"></span>ted by the reversal</div>\n<div class=\"t SecVUZO_33 xe hb y60 SecVUZO_22 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">of impairment charges on 3 vessels (representing USD 9.0 million for EXMAR\u2019s share in profit). During 2021, impair-</div>\n<div class=\"t SecVUZO_43 xe hb y75 SecVUZO_22 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">ment charges were reversed for three vessels sold and one vessel classified as held for sale at year-end (positive</div>\n<div class=\"t m8 xe hb y76 SecVUZO_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">impact of USD 3.2 million on EXMAR\u2019s share in profit).</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 393px; height: 746px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1 h11 y42 ff2 fsb fc3 sc0 ls40 ws44\" style=\"z-index: 15;\">NOTE 1<span class=\"_ _2\"></span>8 - FINANCIAL INFORMA<span class=\"_ _2\"></span>TION E<span class=\"_ _3\"></span>QUIT<span class=\"_ _4\"></span>Y A<span class=\"_ _3\"></span>C<span class=\"_ _3\"></span>COU<span class=\"_ _3\"></span>NTED</div>\n<div class=\"t m0 x1 h11 y3cd ff2 fsb fc3 sc0 ls58 ws62\" style=\"z-index: 15;\">INVESTEES</div>\n<div class=\"t m8 x1 hb y43 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R has no l<span class=\"_ _4\"></span>iabil<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s towa<span class=\"_ _4\"></span>rd<span class=\"_ _4\"></span>s it<span class=\"_ _4\"></span>s eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>ccou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d has t<span class=\"_ _4\"></span>he foll<span class=\"_ _4\"></span>owi<span class=\"_ _4\"></span>ng as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s:</div>\n<div class=\"t m8 x1 hd y302 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y303 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Investments in equity accounted investees:</div>\n<div class=\"t m8 x1f hc y304 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Joint ventures<span class=\"_ _181\"> </span>106,625<span class=\"_ _1a\"> </span>81,390</div>\n<div class=\"t m8 x1f hc y305 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Associates<span class=\"_ _1ba\"> </span>457<span class=\"_ _15\"> </span>5,370</div>\n<div class=\"t m8 x1 hc y306 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity accounted investees:</div>\n<div class=\"t m8 x1f hc y3ce ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Long-term<span class=\"_ _1bb\"> </span>0<span class=\"_ _1a\"> </span>24,760</div>\n<div class=\"t m8 x1f hc y3cf ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Short-term (or current portion of long-term)<span class=\"_ _14a\"> </span>7,000<span class=\"_ _1a\"> </span>15,407</div>\n<div class=\"t m8 x1 hc y3d0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other r<span class=\"_ _3\"></span>eceivables (see also Note 36 Related parties)</div>\n<div class=\"t m8 x1f hc y3d1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gross balance\u2005<span class=\"_ _1bc\"> </span>10,977<span class=\"_ _15\"> </span>6,373</div>\n<div class=\"t m8 x1f hc y3d2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairment<span class=\"_ _1bd\"> </span>-6,903<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 x1 hd y3d3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal<span class=\"_ _1be\"> </span>118,157<span class=\"_ _d\"> </span>133,300</div>\n<div class=\"t m8 x1 hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">It<span class=\"_ _4\"></span>s inves<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s at year-<span class=\"_ _4\"></span>end 20<span class=\"_ _4\"></span>22 c<span class=\"_ _4\"></span>an be d<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>aile<span class=\"_ _4\"></span>d as fol<span class=\"_ _4\"></span>lows:</div>\n<div class=\"t m8 x1 hd y3d4 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Joint ventures<span class=\"_ _10\"> </span>Segment<span class=\"_ _7a\"> </span>JV partner<span class=\"_ _1bf\"> </span>Description activities</div>\n<div class=\"t m8 x1 hc y3d5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Estrela Ltd<span class=\"_ _c4\"> </span>Infrastructure<span class=\"_ _89\"> </span>ASS<span class=\"_ _bf\"> </span>Owner of the accommodation barge NUNCE</div>\n<div class=\"t m8 x1 hc y3d6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Gas Shipping Ltd<span class=\"_ _1c0\"> </span>Shipping<span class=\"_ _1c1\"> </span>SEAPEAK<span class=\"_ _ab\"> </span>Previously owner of the midsize vessel TOURAINE</div>\n<div class=\"t m8 x1 hc y3d7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR LPG BV<span class=\"_ _54\"> </span>Shipping<span class=\"_ _1c1\"> </span>SEAPEAK<span class=\"_ _ab\"> </span>Holding company for EXMAR-Seapeak\u2005 activities</div>\n<div class=\"t m8 x1 hc y3d8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Shipping BV<span class=\"_ _195\"> </span>Shipping<span class=\"_ _1c1\"> </span>SEAPEAK</div>\n<div class=\"t m8 x4c hc y3d9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Owner of 18 midsize carriers, of which two carriers</div>\n<div class=\"t m8 x4c hc y3da ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">under \ufb01nance lease and one held for sale</div>\n<div class=\"t m8 x1 hc y3db ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Good Investment Ltd\u2005<span class=\"_ _137\"> </span>Shipping<span class=\"_ _1c1\"> </span>SEAPEAK<span class=\"_ _ab\"> </span>T<span class=\"_ _4\"></span>ime-charter agreement of the VLGC BW TOKYO</div>\n<div class=\"t m8 x1 hc y3dc ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Monteriggioni Inc<span class=\"_ _7a\"> </span>Shipping<span class=\"_ _1c1\"> </span>MOL</div>\n<div class=\"t m8 x4c hc y3dd ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Owner of the LNG carrier EXCEL which was sold</div>\n<div class=\"t m8 x4c hc y3de ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">during 2017 - dormant since</div>\n<div class=\"t m8 x1 hd y3df ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Associates<span class=\"_ _170\"> </span>Segment<span class=\"_ _7a\"> </span>Ownership%<span class=\"_ _137\"> </span>Description activities</div>\n<div class=\"t m8 x1 hc y3e0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Marpos NV</div>\n<div class=\"t m8 x62 hc y3e1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Supporting</div>\n<div class=\"t m8 x62 hc y3e2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">services</div>\n<div class=\"t m8 x63 hc y3e0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">45.00%<span class=\"_ _e4\"> </span>Provides waste solutions for maritime industry</div>\n<div class=\"t m8 x1 hc y3e3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Electra Offshor<span class=\"_ _3\"></span>e Ltd<span class=\"_ _5b\"> </span>Infrastructure<span class=\"_ _1c2\"> </span>40.00%<span class=\"_ _e4\"> </span>Owner of the accommodation barge W<span class=\"_ _1\"></span>ARIBOKO</div>\n<div class=\"t m8 x1 hc y3e4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exview Hong Kong Ltd<span class=\"_ _8c\"> </span>Infrastructure<span class=\"_ _1c2\"> </span>40.00%</div>\n<div class=\"t m8 x4c hc y3e5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bareboat owner of the accommodation bar<span class=\"_ _3\"></span>ge</div>\n<div class=\"t m8 x4c hc y3e6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">WARIBOKO</div>\n<div class=\"t m8 x1 hc y3e7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Springmarine Nigeria Ltd<span class=\"_ _1c3\"> </span>Infrastructure<span class=\"_ _89\"> </span>40.00%</div>\n<div class=\"t m8 x4c hc y3e8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Time-charter agreement for the accommodation</div>\n<div class=\"t m8 x4c hc y3e9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">barge W<span class=\"_ _3\"></span>ARIBOKO</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 506px; height: 633px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 506px; height: 633px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m8 xe hd y42f Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ Seco7bq_90\"> </span>Joint ventures<span class=\"_ _1c4\"> </span>Associates</div>\n<div class=\"t m8 xe hd y430 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">JV partner</div>\n<div class=\"t m8 x65 h14 y431 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Seapeak<span class=\"_ _1c5\"> </span>MOL<span class=\"_ _1c5\"> </span>Seapeak<span class=\"_ _1c6\"> </span>ASS</div>\n<div class=\"t m8 x66 h14 y432 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Anglo-</div>\n<div class=\"t m8 x67 h14 y433 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"><br/></div>\n<div class=\"t m8 x68 h14 y434 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Eastern</div>\n<div class=\"t m8 xe hd y435 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Ownership percentage<span class=\"_ Seco7bq_74\"> </span>50%<span class=\"_ Seco7bq_52\"> </span>50%<span class=\"_ Seco7bq_52\"> </span>50%<span class=\"_ Seco7bq_52\"> </span>50%<span class=\"_ Seco7bq_52\"> </span>50%<span class=\"_ Seco7bq_61\"> </span>45%<span class=\"_ Seco7bq_52\"> </span>45%<span class=\"_ Seco7bq_52\"> </span>40%</div>\n<div class=\"t m8 xe hd y436 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Entity</div>\n<div class=\"t m8 Seco7bq_185 h14 y437 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Total</div>\n<div class=\"t m8 x65 h14 y438 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Seapeak</div>\n<div class=\"t m8 Seco7bq_187 h14 y437 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Monte-</div>\n<div class=\"t m8 Seco7bq_187 h14 y439 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">riggioni</div>\n<div class=\"t m8 x69 h14 y43a Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Solaia</div>\n<div class=\"t m8 x6a h14 y437 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"><br/></div>\n<div class=\"t m8 x6b h14 y439 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Shipping</div>\n<div class=\"t m8 x6c h14 y43b Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Estrela Ltd<span class=\"_ _1ca\"> </span>AEX<span class=\"_ Seco7bq_62\"> </span>BEXCO<span class=\"_ _1ca\"> </span>Marpos</div>\n<div class=\"t m8 x6d h14 y43c Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Total</div>\n<div class=\"t m8 x6e h14 y43b Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Wariboko</div>\n<div class=\"t m8 x6f h14 y43d Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">companies</div>\n<div class=\"t m8 Seco7bq_199 hd y43e Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">TOTAL</div>\n<div class=\"t m8 xe hc Seco7bq_155 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non current assets<span class=\"_ _1cc\"> </span>613,933<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_44\"> </span>11,410<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_59\"> </span>404<span class=\"_ _1c5\"> </span>2,675<span class=\"_ _1ce\" style=\"margin-left: 14px;\"> </span>628,422</div>\n<div class=\"t m8 xe hc Seco7bq_154 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current assets<span class=\"_ Seco7bq_87\"> </span>48,672<span class=\"_ _1c5\"> </span>4,725<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1c5\"> </span>4,962<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ _1c5\"> </span>1,207<span class=\"_ Seco7bq_44\"> </span>14,852<span class=\"_ Seco7bq_47\"> </span>74,418</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_153 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which cash and cash</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_151 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">equivalents</div>\n<div class=\"t m8 Seco7bq_185 hc Seco7bq_152 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">37,665<span class=\"_ _1c5\"> </span>4,725<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1c5\"> </span>4,932<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_59\"> </span>657<span class=\"_ Seco7bq_65\"> </span>57<span class=\"_ Seco7bq_51\"> </span>48,036</div>\n<div class=\"t m8 xe hc Seco7bq_150 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non current liabilities<span class=\"_ Seco7bq_78\"> </span>355,773<span class=\"_ _1c5\"> </span>4,693<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1c5\"> </span>8,445<span class=\"_ _1ce\" style=\"margin-left: 15px;\"> </span>368,911</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_149 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which bank borrowings<span class=\"_ _1d0\"> </span>340,515<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1ca\"> </span>340,515</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_148 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which finance leases<span class=\"_ Seco7bq_69\"> </span>2,958<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_58\"> </span>2,958</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_147 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which other borrowings<span class=\"_ Seco7bq_72\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1c5\"> </span>2,225<span class=\"_ Seco7bq_58\"> </span>2,225</div>\n<div class=\"t m8 xe hc Seco7bq_146 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current liabilities<span class=\"_ _1d3\"> </span>161,607<span class=\"_ Seco7bq_65\"> </span>56<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_59\"> </span>609<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_59\"> </span>595<span class=\"_ Seco7bq_44\"> </span>28,794<span class=\"_ _1ce\" style=\"margin-left: 13px;\"> </span>191,661</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_145 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which bank borrowings<span class=\"_ Seco7bq_53\"> </span>4,033<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_58\"> </span>4,033</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_144 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which finance leases<span class=\"_ Seco7bq_56\"> </span>103,249<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1ca\"> </span>103,249</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_143 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which other borrowings<span class=\"_ Seco7bq_72\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_44\"> </span>14,190<span class=\"_ Seco7bq_51\"> </span>14,190</div>\n<div class=\"t m8 Seco7bq_186 hc Seco7bq_142 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ _1d4\"> </span>0</div>\n<div class=\"t m8 xe hc Seco7bq_141 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Revenue<span class=\"_ Seco7bq_89\"> </span>172,129<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_44\"> </span>10,220<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_51\"> </span>17,471<span class=\"_ _1c5\"> </span>2,254<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1ce\" style=\"margin-left: 13px;\"> </span>202,074</div>\n<div class=\"t m8 xe hc Seco7bq_140 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciation and amortization<span class=\"_ Seco7bq_44\"> </span>52,754<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1c5\"> </span>2,941<span class=\"_ _1c5\"> </span>1,751<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_68\"> </span>661<span class=\"_ Seco7bq_65\"> </span>71<span class=\"_ _1c5\"> </span>1,933<span class=\"_ Seco7bq_47\" style=\"margin-left: 13px;\"> </span>60,111</div>\n<div class=\"t m8 xe hc Seco7bq_139 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairment (reversal)<span class=\"_ Seco7bq_80\"> </span>-7,950<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_39\"> </span>-10,000<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_73\"> </span>17<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_59\"> </span>482<span class=\"_ Seco7bq_44\" style=\"margin-left: 13px;\"> </span>-17,451</div>\n<div class=\"t m8 xe hc Seco7bq_138 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income<span class=\"_ _1d6\"> </span>1,034<span class=\"_ Seco7bq_65\"> </span>34<span class=\"_ Seco7bq_65\"> </span>19<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_54\" style=\"margin-left: 9px;\"> </span>1,087</div>\n<div class=\"t m8 xe hc Seco7bq_137 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expense<span class=\"_ _1d8\"> </span>22,515<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_59\"> </span>581<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_68\"> </span>100<span class=\"_ Seco7bq_71\"> </span>7<span class=\"_ _1c5\"> </span>1,198<span class=\"_ Seco7bq_47\" style=\"margin-left: 13px;\"> </span>24,401</div>\n<div class=\"t m8 xe hc Seco7bq_136 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Income tax expense<span class=\"_ Seco7bq_84\"> </span>12<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>2<span class=\"_ Seco7bq_59\"> </span>145<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_65\"> </span>159</div>\n<div class=\"t m8 xe hd Seco7bq_135 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Profit or (loss) from</div>\n<div class=\"t m8 xe hd Seco7bq_133 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">continuing operations</div>\n<div class=\"t m8 Seco7bq_184 hd Seco7bq_134 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">62,978<span class=\"_ Seco7bq_66\"> </span>-4<span class=\"_ Seco7bq_43\"> </span>-1,126<span class=\"_ _1ca\"> </span>1,626<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ Seco7bq_65\"> </span>187<span class=\"_ Seco7bq_56\"> </span>413<span class=\"_ Seco7bq_43\"> </span>-9,853<span class=\"_ Seco7bq_47\"> </span>54,221</div>\n<div class=\"t m8 xe hc Seco7bq_132 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other comprehensive income<span class=\"_ Seco7bq_53\"> </span>4,498<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_85\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_54\"> </span>4,498</div>\n<div class=\"t m8 xe hd Seco7bq_131 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Total comprehensive income<span class=\"_ Seco7bq_42\"> </span>67,476<span class=\"_ Seco7bq_66\"> </span>-4<span class=\"_ Seco7bq_43\"> </span>-1,126<span class=\"_ _1ca\"> </span>1,626<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ Seco7bq_65\"> </span>187<span class=\"_ Seco7bq_56\"> </span>413<span class=\"_ Seco7bq_43\"> </span>-9,853<span class=\"_ Seco7bq_47\"> </span>58,719</div>\n<div class=\"t m8 Seco7bq_198 hc Seco7bq_130 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0</div>\n<div class=\"t m8 xe hd Seco7bq_129 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net assets (100%)<span class=\"_ Seco7bq_79\"> </span>197,525<span class=\"_ Seco7bq_60\"> </span>-24<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ Seco7bq_38\"> </span>15,763<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ Seco7bq_76\"> </span>0<span class=\"_ _1ca\"> </span>1,016<span class=\"_ Seco7bq_37\"> </span>-13,492<span class=\"_ _1ce\"> </span>200,788</div>\n<div class=\"t m8 xe hc Seco7bq_128 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR share in net assets<span class=\"_ Seco7bq_64\"> </span>98,763<span class=\"_ Seco7bq_61\"> </span>-12<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1c5\"> </span>7,882<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_59\"> </span>457<span class=\"_ Seco7bq_45\"> </span>-5,397<span class=\"_ _1ce\" style=\"margin-left: 13px;\"> </span>101,692</div>\n<div class=\"t m8 xe hd Seco7bq_127 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in net assets of equity</div>\n<div class=\"t m8 xe hd Seco7bq_126 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees on</div>\n<div class=\"t m8 xe hd Seco7bq_125 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">January 1, 2022</div>\n<div class=\"t m8 Seco7bq_184 hd Seco7bq_126 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">65,025<span class=\"_ Seco7bq_60\"> </span>-10<span class=\"_ Seco7bq_45\"> </span>7,736<span class=\"_ _1ca\"> </span>8,650<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ Seco7bq_54\"> </span>4,930<span class=\"_ Seco7bq_57\"> </span>439<span class=\"_ Seco7bq_43\"> </span>-1,961<span class=\"_ Seco7bq_47\"> </span>84,809</div>\n<div class=\"t m8 xe hc Seco7bq_124 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in total comprehensive</div>\n<div class=\"t m8 xe hc Seco7bq_122 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">income</div>\n<div class=\"t m8 Seco7bq_185 hc Seco7bq_123 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">33,738<span class=\"_ Seco7bq_67\"> </span>-2<span class=\"_ Seco7bq_55\"> </span>-563<span class=\"_ Seco7bq_59\"> </span>813<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_73\"> </span>84<span class=\"_ Seco7bq_59\"> </span>186<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_47\"> </span>34,256</div>\n<div class=\"t m8 xe hc Seco7bq_121 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Decrease through business</div>\n<div class=\"t m8 xe hc Seco7bq_119 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">combinations\ue61e</div>\n<div class=\"t m8 Seco7bq_186 hc Seco7bq_120 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_45\"> </span>-7,173<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_54\"> </span>-4,379<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_44\" style=\"margin-left: 13px;\"> </span>-11,552</div>\n<div class=\"t m8 xe hc Seco7bq_118 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Dividends<span class=\"_ Seco7bq_92\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_45\"> </span>-1,581<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_63\"> </span>-337<span class=\"_ Seco7bq_55\"> </span>-161<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_49\" style=\"margin-left: 5px;\"> </span>-2,079</div>\n<div class=\"t m8 xe hc Seco7bq_117 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Foreign currency translation</div>\n<div class=\"t m8 xe hc Seco7bq_115 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">differences</div>\n<div class=\"t m8 Seco7bq_186 hc Seco7bq_116 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_63\"> </span>-298<span class=\"_ Seco7bq_67\"> </span>-7<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_61\"> </span>-305</div>\n<div class=\"t m8 xe hc Seco7bq_114 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other<span class=\"_ Seco7bq_93\"> </span>0<span class=\"_ Seco7bq_71\"> </span>4<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_88\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_76\"> </span>4</div>\n<div class=\"t m8 xe hd Seco7bq_113 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in net assets of equity</div>\n<div class=\"t m8 xe hd Seco7bq_112 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees on</div>\n<div class=\"t m8 xe hd Seco7bq_111 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2022</div>\n<div class=\"t m8 Seco7bq_184 hd Seco7bq_112 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">98,763<span class=\"_ Seco7bq_66\"> </span>-8<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ _1ca\"> </span>7,882<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ Seco7bq_76\"> </span>0<span class=\"_ Seco7bq_57\"> </span>457<span class=\"_ Seco7bq_42\"> </span>-1,961<span class=\"_ _1ce\"> </span>105,133</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_110 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Netting negative equity</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_108 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">and impairment</div>\n<div class=\"t m8 Seco7bq_186 hc Seco7bq_109 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_75\"> </span>0-<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1c5\"> </span>1,961<span class=\"_ Seco7bq_54\" style=\"margin-left: 13px;\"> </span>1,961</div>\n<div class=\"t m8 xe hd Seco7bq_107 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in net assets of equity</div>\n<div class=\"t m8 xe hd Seco7bq_106 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees on</div>\n<div class=\"t m8 xe hd Seco7bq_104 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2022, after</div>\n<div class=\"t m8 xe hd Seco7bq_103 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">netting negative equity</div>\n<div class=\"t m8 Seco7bq_184 hd Seco7bq_105 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">98,751<span class=\"_ Seco7bq_66\"> </span>-8<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ _1ca\"> </span>7,882<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ Seco7bq_76\"> </span>0<span class=\"_ Seco7bq_57\"> </span>457<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ _1ce\"> </span>107,082</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 238px; height: 912px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 238px; height: 912px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m8 x75 hd y42f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Joint ventures<span class=\"_ _1c4\"> </span>Associates</div>\n<div class=\"t m8 x1 hd y430 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15; margin: 0 0 22px 0;\">(In thousands of USD)</div>\n<div class=\"t m8 x1 hd y430 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">JV partner</div>\n<div class=\"t m8 x76 h14 y431 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Seapeak<span class=\"_ _1e3\"> </span>MOL<span class=\"_ _1da\"> </span>Seapeak<span class=\"_ _a1\"> </span>ASS</div>\n<div class=\"t m8 x77 h14 y432 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Anglo-</div>\n<div class=\"t m8 x46 h14 y433 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 x26 h14 y434 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Eastern</div>\n<div class=\"t m8 x1 hd y435 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Ownership percentage<span class=\"_ _1e4\"> </span>50%<span class=\"_ _1c7\"> </span>50%<span class=\"_ _1c8\"> </span>50%<span class=\"_ _1c7\"> </span>50%<span class=\"_ _1c8\"> </span>50%<span class=\"_ _a1\"> </span>45%<span class=\"_ _1c8\"> </span>45%<span class=\"_ _1c7\"> </span>40%</div>\n<div class=\"t m8 x1 hd y436 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Entity</div>\n<div class=\"t m8 x78 h14 y437 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>otal</div>\n<div class=\"t m8 x76 h14 y438 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Seapeak</div>\n<div class=\"t m8 x79 h14 y437 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Monte-</div>\n<div class=\"t m8 x7a h14 y439 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">riggioni</div>\n<div class=\"t m8 x7b h14 y43a ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Solaia</div>\n<div class=\"t m8 x7c h14 y437 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 x6a h14 y439 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Shipping</div>\n<div class=\"t m8 x7d h14 y43b ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Estrela Ltd<span class=\"_ _107\"> </span>AEX<span class=\"_ _1e5\"> </span>BEXCO<span class=\"_ _1ca\"> </span>Marpos</div>\n<div class=\"t m8 x7e h14 y43c ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>otal</div>\n<div class=\"t m8 x4f h14 y43b ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Wariboko</div>\n<div class=\"t m8 x2a h14 y43d ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">companies</div>\n<div class=\"t m8 xa hd y43e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">TOT<span class=\"_ _1\"></span>AL</div>\n<div class=\"t m8 x1 hc y43f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non current assets<span class=\"_ _1cc\"> </span>621,033<span class=\"_ _1d1\"> </span>0<span class=\"_ _1c0\"> </span>30,127<span class=\"_ _1c0\"> </span>13,161<span class=\"_ _1d1\"> </span>0<span class=\"_ _1d2\"> </span>6,664<span class=\"_ _107\"> </span>355<span class=\"_ _1c5\"> </span>7,630<span class=\"_ _1ce\"> </span><span class=\"ff2\">678,970</span></div>\n<div class=\"t m8 x1 hc y440 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current assets<span class=\"_ _1a4\"> </span>86,195<span class=\"_ _1c5\"> </span>4,693<span class=\"_ _1c5\"> </span>4,475<span class=\"_ _1c5\"> </span>5,659<span class=\"_ _eb\"> </span>0<span class=\"_ _1c7\"> </span>18,958<span class=\"_ _1c5\"> </span>1,297<span class=\"_ _1c5\"> </span>7,507<span class=\"_ _1ce\"> </span><span class=\"ff2\">128,784</span></div>\n<div class=\"t m8 x1f hc y441 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which cash and cash</div>\n<div class=\"t m8 x1f hc y442 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">equivalents</div>\n<div class=\"t m8 x7f hc y443 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">54,474<span class=\"_ _1c5\"> </span>4,693<span class=\"_ _1c5\"> </span>4,263<span class=\"_ _1c5\"> </span>5,626<span class=\"_ _1d1\"> </span>0<span class=\"_ _ac\"> </span>228<span class=\"_ _1cd\"> </span>942<span class=\"_ _107\"> </span>218<span class=\"_ _1c7\"> </span>70,444</div>\n<div class=\"t m8 x1 hc y444 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non current liabilities<span class=\"_ _8e\"> </span>507,258<span class=\"_ _1c5\"> </span>4,693<span class=\"_ _1c5\"> </span>7,500<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d2\"> </span>3,478<span class=\"_ _eb\"> </span>0<span class=\"_ _1c5\"> </span>1,015<span class=\"_ _1ce\"> </span><span class=\"ff2\">523,944</span></div>\n<div class=\"t m8 x1f hc y445 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which bank borrowings<span class=\"_ _1d0\"> </span>253,137<span class=\"_ _1d1\"> </span>0<span class=\"_ _1c5\"> </span>7,500<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d2\"> </span>3,063<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _1ca\"> </span>263,700</div>\n<div class=\"t m8 x1f hc y446 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which \ufb01nance leases<span class=\"_ _13e\"> </span>174,734<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1cf\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _1ca\"> </span>174,734</div>\n<div class=\"t m8 x1f hc y447 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which other borrowings<span class=\"_ _1c3\"> </span>49,531<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1cf\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1c7\"> </span>49,531</div>\n<div class=\"t m8 x1 hc y448 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current liabilities<span class=\"_ _10b\"> </span>99,777<span class=\"_ _e5\"> </span>20<span class=\"_ _1e6\"> </span>11,630<span class=\"_ _1c5\"> </span>1,520<span class=\"_ _1d1\"> </span>0<span class=\"_ _1c7\"> </span>11,167<span class=\"_ _1cd\"> </span>676<span class=\"_ _1c0\"> </span>21,057<span class=\"_ _1ce\"> </span><span class=\"ff2\">145,847</span></div>\n<div class=\"t m8 x1f hc y449 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which bank borrowings<span class=\"_ _ff\"> </span>26,233<span class=\"_ _1d1\"> </span>0<span class=\"_ _1c0\"> </span>10,000<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _8b\"> </span>894<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1c7\"> </span>37,127</div>\n<div class=\"t m8 x1f hc y44a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which \ufb01nance leases<span class=\"_ _1e7\"> </span>32,071<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _126\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1c7\"> </span>32,071</div>\n<div class=\"t m8 x1f hc y44b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which other borrowings<span class=\"_ _1c3\"> </span>15,000<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1cf\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1c5\"> </span>9,848<span class=\"_ _1c7\"> </span>24,848</div>\n<div class=\"t m8 x3 hc y44c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ _1d4\"> </span>0</div>\n<div class=\"t m8 x1 hc y44d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Revenue<span class=\"_ _81\"> </span>173,777<span class=\"_ _eb\"> </span>0<span class=\"_ _1e6\"> </span>21,687<span class=\"_ _1c0\"> </span>10,401<span class=\"_ _1d1\"> </span>0<span class=\"_ _1c7\"> </span>48,424<span class=\"_ _1c5\"> </span>2,128<span class=\"_ _1c5\"> </span>5,075<span class=\"_ _1ce\"> </span><span class=\"ff2\">261,492</span></div>\n<div class=\"t m8 x1 hc y44e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciation and amortization<span class=\"_ _1e6\"> </span>56,144<span class=\"_ _eb\"> </span>0<span class=\"_ _1c5\"> </span>3,705<span class=\"_ _1c5\"> </span>1,750<span class=\"_ _eb\"> </span>0<span class=\"_ _8b\"> </span>889<span class=\"_ _a8\"> </span>72<span class=\"_ _1c5\"> </span>2,293<span class=\"_ _1d5\"> </span><span class=\"ff2\">64,853</span></div>\n<div class=\"t m8 x1 hc y44f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairment (reversal)<span class=\"_ _44\"> </span>-6,400<span class=\"_ _1d1\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _db\"> </span>-72<span class=\"_ _eb\"> </span>0<span class=\"_ _1c5\"> </span>1,925<span class=\"_ _1de\"> </span><span class=\"ff2\">-4,547</span></div>\n<div class=\"t m8 x1 hc y450 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income<span class=\"_ _b\"> </span>439<span class=\"_ _eb\"> </span>0<span class=\"_ _8b\"> </span>-7<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1cf\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _a8\"> </span><span class=\"ff2\">432</span></div>\n<div class=\"t m8 x1 hc y451 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expense<span class=\"_ _1d8\"> </span>21,263<span class=\"_ _1d1\"> </span>0<span class=\"_ _1c5\"> </span>1,204<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _8b\"> </span>155<span class=\"_ _a8\"> </span>10<span class=\"_ _1c5\"> </span>1,177<span class=\"_ _1d5\"> </span><span class=\"ff2\">23,809</span></div>\n<div class=\"t m8 x1 hc y452 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Income tax expense<span class=\"_ _1e8\"> </span>115<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _ac\"> </span>547<span class=\"_ _1cd\"> </span>112<span class=\"_ _eb\"> </span>0<span class=\"_ _a8\"> </span><span class=\"ff2\">774</span></div>\n<div class=\"t m8 x1 hd y453 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Pro\ufb01t or (loss) fr<span class=\"_ _3\"></span>om</div>\n<div class=\"t m8 x1 hd y454 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">continuing operations</div>\n<div class=\"t m8 x80 hd y455 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">34,434<span class=\"_ _1da\"> </span>-1,247<span class=\"_ _18c\"> </span>11,460<span class=\"_ _1ca\"> </span>1,708<span class=\"_ _1e1\"> </span>182<span class=\"_ _1d7\"> </span>2,233<span class=\"_ _13e\"> </span>307<span class=\"_ _1d9\"> </span>-6,603<span class=\"_ _ff\"> </span>42,474</div>\n<div class=\"t m8 x1 hc y456 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other comprehensive income<span class=\"_ _87\"> </span>1,521<span class=\"_ _eb\"> </span>0<span class=\"_ _1cd\"> </span>596<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1cf\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d7\"> </span><span class=\"ff2\">2,117</span></div>\n<div class=\"t m8 x1 hd y457 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal comprehensive income<span class=\"_ _1da\"> </span>35,955<span class=\"_ _1da\"> </span>-1,247<span class=\"_ _cb\"> </span>12,056<span class=\"_ _1ca\"> </span>1,708<span class=\"_ _1e1\"> </span>182<span class=\"_ _1d7\"> </span>2,233<span class=\"_ _1e1\"> </span>307<span class=\"_ _1da\"> </span>-6,603<span class=\"_ _1d5\"> </span>44,591</div>\n<div class=\"t m8 x81 hc y458 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0</div>\n<div class=\"t m8 x1 hd y459 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net assets (100%)<span class=\"_ _9b\"> </span>130,049<span class=\"_ _107\"> </span>-20<span class=\"_ _18c\"> </span>15,472<span class=\"_ _18c\"> </span>17,300<span class=\"_ _195\"> </span>0<span class=\"_ _1d5\"> </span>10,977<span class=\"_ _1e1\"> </span>976<span class=\"_ _1da\"> </span>-5,920<span class=\"_ _1ce\"> </span>168,834</div>\n<div class=\"t m8 x1 hc y45a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR share in net assets<span class=\"_ _a8\"> </span>65,025<span class=\"_ _a1\"> </span>-10<span class=\"_ _1c5\"> </span>7,736<span class=\"_ _1c5\"> </span>8,650<span class=\"_ _1d1\"> </span>0<span class=\"_ _1d2\"> </span>4,930<span class=\"_ _107\"> </span>439<span class=\"_ _1e0\"> </span>-2,368<span class=\"_ _1d5\"> </span><span class=\"ff2\">84,401</span></div>\n<div class=\"t m8 x1 hd y45b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in net assets of equity</div>\n<div class=\"t m8 x1 hd y45c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees on</div>\n<div class=\"t m8 x1 hd y45d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">January 1, 2021</div>\n<div class=\"t m8 x80 hd y45c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">47,086<span class=\"_ _1e1\"> </span>614<span class=\"_ _1ca\"> </span>1,708<span class=\"_ _1e0\"> </span>7,796<span class=\"_ _1c8\"> </span>-224<span class=\"_ _1d7\"> </span>4,605<span class=\"_ _13e\"> </span>444<span class=\"_ _1e1\"> </span>680<span class=\"_ _1d5\"> </span>62,709</div>\n<div class=\"t m8 x1 hc y45e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in total compr<span class=\"_ _3\"></span>ehensive</div>\n<div class=\"t m8 x1 hc y45f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">income</div>\n<div class=\"t m8 x76 hc y460 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">17,978<span class=\"_ _1d7\"> </span>-624<span class=\"_ _1c5\"> </span>6,028<span class=\"_ _107\"> </span>854<span class=\"_ _a8\"> </span>91<span class=\"_ _1d2\"> </span>1,003<span class=\"_ _107\"> </span>138<span class=\"_ _1e0\"> </span>-2,641<span class=\"_ _1d5\"> </span><span class=\"ff2\">22,827</span></div>\n<div class=\"t m8 x1 hc y461 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Dividends<span class=\"_ _10d\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _89\"> </span>-277<span class=\"_ _1d7\"> </span>-103<span class=\"_ _eb\"> </span>0<span class=\"_ _a1\"> </span><span class=\"ff2\">-379</span></div>\n<div class=\"t m8 x1 hc y462 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Foreign curr<span class=\"_ _3\"></span>ency translation</div>\n<div class=\"t m8 x1 hc y463 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">differ<span class=\"_ _3\"></span>ences</div>\n<div class=\"t m8 x3 hc y464 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _89\"> </span>-401<span class=\"_ _a1\"> </span>-40<span class=\"_ _eb\"> </span>0<span class=\"_ _a1\"> </span><span class=\"ff2\">-441</span></div>\n<div class=\"t m8 x1 hc y465 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other<span class=\"_ _1e9\"> </span>-39<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1cd\"> </span>133<span class=\"_ _126\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _9d\"> </span><span class=\"ff2\">94</span></div>\n<div class=\"t m8 x1 hd y466 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in net assets of equity</div>\n<div class=\"t m8 x1 hd y467 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees on</div>\n<div class=\"t m8 x1 hd y468 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2021</div>\n<div class=\"t m8 x80 hd y467 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">65,024<span class=\"_ _f9\"> </span>-10<span class=\"_ _1ca\"> </span>7,736<span class=\"_ _1e0\"> </span>8,650<span class=\"_ _1d1\"> </span>0<span class=\"_ _fe\"> </span>4,930<span class=\"_ _1e1\"> </span>439<span class=\"_ _1d9\"> </span>-1,961<span class=\"_ _ff\"> </span>84,809</div>\n<div class=\"t m8 x1f hc y469 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Netting negative equity<span class=\"_ _8e\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1cf\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1c5\"> </span>1,961<span class=\"_ _1d7\"> </span><span class=\"ff2\">1,961</span></div>\n<div class=\"t m8 x1 hd y46a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in net assets of equity</div>\n<div class=\"t m8 x1 hd y46b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees on</div>\n<div class=\"t m8 x1 hd y46c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2021, after</div>\n<div class=\"t m8 x1 hd y46d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">netting negative equity</div>\n<div class=\"t m8 x80 hd y46e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">65,014<span class=\"_ _f9\"> </span>-10<span class=\"_ _1ca\"> </span>7,736<span class=\"_ _1e0\"> </span>8,650<span class=\"_ _1d1\"> </span>0<span class=\"_ _fe\"> </span>4,930<span class=\"_ _1e1\"> </span>439<span class=\"_ _1d1\"> </span>0<span class=\"_ _ff\"> </span>86,760</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 168px; height: 982px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 168px; height: 982px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 xe h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 1<span class=\"_ _179\"></span>9 - BORRO<span class=\"_ _3\"></span>WINGS T<span class=\"_ _1\"></span>O EQUIT<span class=\"_ _4\"></span>Y A<span class=\"_ _3\"></span>C<span class=\"_ _3\"></span>C<span class=\"_ _3\"></span>OUNTED INVESTEES</div>\n<div class=\"t m8 xe hd y46f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _1ea\"> </span>Shipping<span class=\"_ _1cd\"> </span>Infrastructure</div>\n<div class=\"t m8 x82 hd y470 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Supporting</div>\n<div class=\"t m8 x83 hd y471 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">services</div>\n<div class=\"t m8 x5b hd y46f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 xe hd y472 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As per January 1, 2021<span class=\"_ _10d\"> </span>42,259<span class=\"_ _1eb\"> </span>7,876<span class=\"_ _bf\"> </span>152<span class=\"_ _54\"> </span>50,287</div>\n<div class=\"t m8 x1b hc y473 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">New loans and borrowings<span class=\"_ _a4\"> </span>0<span class=\"_ _25\"> </span>590<span class=\"_ _20\"> </span>0<span class=\"_ _59\"> </span><span class=\"ff2\">590</span></div>\n<div class=\"t m8 x1b hc y474 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Repayments<span class=\"_ _ad\"> </span>-10,000<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _52\"> </span><span class=\"ff2\">-10,000</span></div>\n<div class=\"t m8 x1b hc y475 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Write-of<span class=\"_ _3\"></span>f<span class=\"_ _108\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _4c\"> </span>-376<span class=\"_ _5d\"> </span><span class=\"ff2\">-376</span></div>\n<div class=\"t m8 x1b hc y476 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Change in allocated negative net</div>\n<div class=\"t m8 x1b hc y477 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">assets (1)</div>\n<div class=\"t m8 x84 hc y478 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ _4c\"> </span>-559<span class=\"_ _25\"> </span>224<span class=\"_ _5d\"> </span><span class=\"ff2\">-335</span></div>\n<div class=\"t m8 xe hd y479 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As per December 31, 2021<span class=\"_ _ce\"> </span>32,260<span class=\"_ _46\"> </span>7,907<span class=\"_ _1ec\"> </span>0<span class=\"_ _54\"> </span>40,167</div>\n<div class=\"t m8 x1b hc y47a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">More than 1 year<span class=\"_ _1ed\"> </span>24,760<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _54\"> </span><span class=\"ff2\">24,760</span></div>\n<div class=\"t m8 x1b hc y47b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Less than 1 year<span class=\"_ _e3\"> </span>7,500<span class=\"_ _27\"> </span>7,907<span class=\"_ _20\"> </span>0<span class=\"_ _54\"> </span><span class=\"ff2\">15,407</span></div>\n<div class=\"t m8 xe hd y47c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As per January 1, 2022<span class=\"_ _10d\"> </span>32,260<span class=\"_ _1eb\"> </span>7,907<span class=\"_ _1ec\"> </span>0<span class=\"_ _54\"> </span>40,167</div>\n<div class=\"t m8 x1b hc y47d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">New loans and borrowings<span class=\"_ _1ee\"> </span>20,000<span class=\"_ _1a\"> </span>21,085<span class=\"_ _20\"> </span>0<span class=\"_ _54\"> </span><span class=\"ff2\">41,085</span></div>\n<div class=\"t m8 x1b hc y47e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Elimination after share deal (2)<span class=\"_ _1ef\"> </span>0<span class=\"_ _44\"> </span>-20,195<span class=\"_ _20\"> </span>0<span class=\"_ _52\"> </span><span class=\"ff2\">-20,195</span></div>\n<div class=\"t m8 x1b hc y47f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Accrued interest<span class=\"_ _196\"> </span>0<span class=\"_ _27\"> </span>2,491<span class=\"_ _20\"> </span>0<span class=\"_ _144\"> </span><span class=\"ff2\">2,491</span></div>\n<div class=\"t m8 x1b hc y480 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Repayments<span class=\"_ _ad\"> </span>-52,260<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _52\"> </span><span class=\"ff2\">-52,260</span></div>\n<div class=\"t m8 x1b hc y481 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairment<span class=\"_ _9f\"> </span>0<span class=\"_ _46\"> </span>-4,288<span class=\"_ _20\"> </span>0<span class=\"_ _10\"> </span><span class=\"ff2\">-4,288</span></div>\n<div class=\"t m8 x1b hc y482 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Change in allocated negative net</div>\n<div class=\"t m8 x1b hc y483 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">assets (1)</div>\n<div class=\"t m8 x84 hc y484 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _1ec\"> </span><span class=\"ff2\">0</span></div>\n<div class=\"t m8 xe hd y485 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As per December 31, 2022<span class=\"_ _1f0\"> </span>0<span class=\"_ _46\"> </span>7,000<span class=\"_ _1ec\"> </span>0<span class=\"_ _46\"> </span>7,000</div>\n<div class=\"t m8 x1b hc y486 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">More than 1 year<span class=\"_ _be\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _1ec\"> </span><span class=\"ff2\">0</span></div>\n<div class=\"t m8 x1b hc y487 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Less than 1 year<span class=\"_ _16b\"> </span>0<span class=\"_ _27\"> </span>7,000<span class=\"_ _20\"> </span>0<span class=\"_ _46\"> </span><span class=\"ff2\">7,000</span></div>\n<div class=\"t m8 xe h14 y488 ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(1) <span class=\"_ _c7\"> </span>The equity accounted investees for whom the share in the net assets is negative, are allocated to other components of the investor\u2019<span class=\"_ _2\"></span>s interest in the equity</div>\n<div class=\"t m8 x3e h14 y489 ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investee (i.e. primarily deducted from receivables) if such components exists. In case the negative net asset exceeds the investor\u2019<span class=\"_ _2\"></span>s interest, a</div>\n<div class=\"t m8 x3e h14 y48a ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">corresponding liability is recognized only to the extent that the Gr<span class=\"_ _3\"></span>oup has a legal or constructive obligation. In total, an amount of USD 2.0 million was netted</div>\n<div class=\"t m8 x3e h14 y48b ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">in respect of negative net assets at year<span class=\"_ _1\"></span>-end 2021.</div>\n<div class=\"t m8 xe h14 y48c ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(2) <span class=\"_ _c7\"> </span>During 2022, EXMAR granted a new loan to Solaia Shipping LLC, which at that time was still an equity accounted investee. Upon obtaining 100% of the shares</div>\n<div class=\"t m8 x3e h14 y48d ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">and control of this entity (see Note 5 Other share deals), this intra gr<span class=\"_ _3\"></span>oup loan is eliminated.</div>\n<div class=\"t m194 xe hb y9e ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">The activities and assets of certain of our equity accounted investees are \ufb01nanced through shareholder borrowings<span class=\"_ _4\"></span> </div>\n<div class=\"t m2c6 xe hb y9f ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">made by the Company to the respective equity accounted investees. Such long term borrowings granted are in</div>\n<div class=\"t m137 xe hb yc5 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">substance part of the net investment in an associate or joint venture and any expected credit losses are accounted</div>\n<div class=\"t m8 xe hb ya0 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">for before allocating negative net assets. Dur<span class=\"_ _4\"></span>in<span class=\"_ _4\"></span>g 2022, E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R rec<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>ed an i<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t char<span class=\"_ _4\"></span>ge of USD 4.<span class=\"_ _4\"></span>3 millio<span class=\"_ _4\"></span>n</div>\n<div class=\"t m2c7 xe hb ya1 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">(2021<span class=\"_ _1\"></span>: non<span class=\"_ _4\"></span>e) and di<span class=\"_ _4\"></span>d not allo<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ate any ne<span class=\"_ _4\"></span>gati<span class=\"_ _4\"></span>ve net a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s, wh<span class=\"_ _4\"></span>ile in 2021 USD 0.6 mill<span class=\"_ _4\"></span>ion w<span class=\"_ _4\"></span>as de<span class=\"_ _4\"></span>duc<span class=\"_ _7\"></span>ted f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>he b<span class=\"_ _4\"></span>or<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb ya2 ff1 fs9 fc2 sc0 ls2 ws3a\" style=\"z-index: 15;\">row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s given t<span class=\"_ _4\"></span>o eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s. T<span class=\"_ _4\"></span>he bal<span class=\"_ _4\"></span>ance<span class=\"_ _4\"></span>s me<span class=\"_ _4\"></span>ntio<span class=\"_ _4\"></span>ned b<span class=\"_ _4\"></span>elo<span class=\"_ _4\"></span>w rep<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ent t<span class=\"_ _4\"></span>he o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>ng bal<span class=\"_ _4\"></span>ance<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb y48e ff1 fs9 fc2 sc0 ls13 wsc\" style=\"z-index: 15;\">including net<span class=\"_ _4\"></span>ting of negative net asset<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m0 xe h6 y48f ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMAR LP<span class=\"_ _4\"></span>G (Shipp<span class=\"_ _4\"></span>ing s<span class=\"_ _4\"></span>egm<span class=\"_ _4\"></span>ent) USD 0 m<span class=\"_ _4\"></span>illi<span class=\"_ _4\"></span>on (202<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>: USD 3<span class=\"_ _3\"></span>2.3 mi<span class=\"_ _4\"></span>llio<span class=\"_ _4\"></span>n)</div>\n<div class=\"t m2c8 xe hb ya7 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Bot<span class=\"_ _4\"></span>h sha<span class=\"_ _4\"></span>reh<span class=\"_ _4\"></span>old<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s have gr<span class=\"_ _4\"></span>ant<span class=\"_ _4\"></span>ed s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>hol<span class=\"_ _4\"></span>der l<span class=\"_ _4\"></span>oan<span class=\"_ _4\"></span>s to E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R LPG i<span class=\"_ _4\"></span>n 201<span class=\"_ _1\"></span>3. Full re<span class=\"_ _4\"></span>paym<span class=\"_ _4\"></span>ent o<span class=\"_ _4\"></span>cc<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>red i<span class=\"_ _4\"></span>n 2022. Th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb yc6 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ap<span class=\"_ _4\"></span>plic<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate o<span class=\"_ _4\"></span>n the<span class=\"_ _4\"></span>se l<span class=\"_ _4\"></span>oans a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d to thr<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>mont<span class=\"_ _4\"></span>h LIB<span class=\"_ _4\"></span>OR plu<span class=\"_ _4\"></span>s 0.5%.</div>\n<div class=\"t m0 xe h6 y490 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Ele<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ra O<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fs<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>re Ltd (Inf<span class=\"_ _4\"></span>ras<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ruc<span class=\"_ _7\"></span>tur<span class=\"_ _4\"></span>e seg<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt) USD 7<span class=\"_ _2\"></span>.0 milli<span class=\"_ _4\"></span>on (202<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>: USD 7<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>9 mi<span class=\"_ _4\"></span>llio<span class=\"_ _4\"></span>n)</div>\n<div class=\"t m2c9 xe hb yab ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R Net<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>lan<span class=\"_ _4\"></span>ds BV ha<span class=\"_ _4\"></span>s gr<span class=\"_ _4\"></span>ante<span class=\"_ _4\"></span>d a loa<span class=\"_ _4\"></span>n to Elec<span class=\"_ _7\"></span>tr<span class=\"_ _4\"></span>a O<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>sho<span class=\"_ _4\"></span>re Ltd i<span class=\"_ _4\"></span>n 201<span class=\"_ _1\"></span>6. Th<span class=\"_ _4\"></span>e loa<span class=\"_ _4\"></span>n is rep<span class=\"_ _4\"></span>aid b<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d on av<span class=\"_ _4\"></span>ailab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y</div>\n<div class=\"t m2ca xe hb yac ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">of c<span class=\"_ _4\"></span>ash a<span class=\"_ _4\"></span>nd ac<span class=\"_ _4\"></span>cum<span class=\"_ _4\"></span>ulate<span class=\"_ _4\"></span>s inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t. T<span class=\"_ _4\"></span>he int<span class=\"_ _4\"></span>eres<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate a<span class=\"_ _4\"></span>ppli<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>ble o<span class=\"_ _4\"></span>n the l<span class=\"_ _4\"></span>oan i<span class=\"_ _4\"></span>s a \ufb01xed p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>cent<span class=\"_ _4\"></span>ag<span class=\"_ _4\"></span>e of 1<span class=\"_ _1\"></span>2.0%<span class=\"_ _4\"></span>. Dur<span class=\"_ _4\"></span>in<span class=\"_ _4\"></span>g</div>\n<div class=\"t m2cb xe hb yad ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">2022, th<span class=\"_ _4\"></span>e acc<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s were a<span class=\"_ _4\"></span>dd<span class=\"_ _4\"></span>ed to t<span class=\"_ _4\"></span>he ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>ng loa<span class=\"_ _4\"></span>n bala<span class=\"_ _4\"></span>nce a<span class=\"_ _4\"></span>nd col<span class=\"_ _4\"></span>lec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y w<span class=\"_ _4\"></span>as re<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>ses<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ed. T<span class=\"_ _4\"></span>he</div>\n<div class=\"t m8 xe hb yc8 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">bala<span class=\"_ _4\"></span>nce h<span class=\"_ _4\"></span>as be<span class=\"_ _4\"></span>en re<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>ced to i<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s ex<span class=\"_ _4\"></span>pec<span class=\"_ _7\"></span>ted r<span class=\"_ _4\"></span>ecove<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ble a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt, wh<span class=\"_ _4\"></span>ich is t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue of t<span class=\"_ _4\"></span>he pl<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ge on t<span class=\"_ _4\"></span>he u<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r<span class=\"ws2\">-</span></div>\n<div class=\"t m8 xe hb yae ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">lyi<span class=\"_ _4\"></span>ng as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t. We als<span class=\"_ _4\"></span>o refe<span class=\"_ _4\"></span>r to Note 32 Fi<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cial r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks an<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>ncial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 278px; height: 861px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 278px; height: 861px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag409": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1 h11 y42 ff2 fsb fc3 sc0 ls40 ws44\" style=\"z-index: 15;\">NOTE 1<span class=\"_ _2\"></span>8 - FINANCIAL INFORMA<span class=\"_ _2\"></span>TION E<span class=\"_ _3\"></span>QUIT<span class=\"_ _4\"></span>Y A<span class=\"_ _3\"></span>C<span class=\"_ _3\"></span>COU<span class=\"_ _3\"></span>NTED</div>\n<div class=\"t m0 x1 h11 y3cd ff2 fsb fc3 sc0 ls58 ws62\" style=\"z-index: 15;\">INVESTEES</div>\n<div class=\"t m8 x1 hb y43 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R has no l<span class=\"_ _4\"></span>iabil<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s towa<span class=\"_ _4\"></span>rd<span class=\"_ _4\"></span>s it<span class=\"_ _4\"></span>s eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>ccou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d has t<span class=\"_ _4\"></span>he foll<span class=\"_ _4\"></span>owi<span class=\"_ _4\"></span>ng as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s:</div>\n<div class=\"t m8 x1 hd y302 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y303 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Investments in equity accounted investees:</div>\n<div class=\"t m8 x1f hc y304 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Joint ventures<span class=\"_ _181\"> </span>106,625<span class=\"_ _1a\"> </span>81,390</div>\n<div class=\"t m8 x1f hc y305 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Associates<span class=\"_ _1ba\"> </span>457<span class=\"_ _15\"> </span>5,370</div>\n<div class=\"t m8 x1 hc y306 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity accounted investees:</div>\n<div class=\"t m8 x1f hc y3ce ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Long-term<span class=\"_ _1bb\"> </span>0<span class=\"_ _1a\"> </span>24,760</div>\n<div class=\"t m8 x1f hc y3cf ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Short-term (or current portion of long-term)<span class=\"_ _14a\"> </span>7,000<span class=\"_ _1a\"> </span>15,407</div>\n<div class=\"t m8 x1 hc y3d0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other r<span class=\"_ _3\"></span>eceivables (see also Note 36 Related parties)</div>\n<div class=\"t m8 x1f hc y3d1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gross balance\u2005<span class=\"_ _1bc\"> </span>10,977<span class=\"_ _15\"> </span>6,373</div>\n<div class=\"t m8 x1f hc y3d2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairment<span class=\"_ _1bd\"> </span>-6,903<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 x1 hd y3d3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal<span class=\"_ _1be\"> </span>118,157<span class=\"_ _d\"> </span>133,300</div>\n<div class=\"t m8 x1 hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">It<span class=\"_ _4\"></span>s inves<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s at year-<span class=\"_ _4\"></span>end 20<span class=\"_ _4\"></span>22 c<span class=\"_ _4\"></span>an be d<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>aile<span class=\"_ _4\"></span>d as fol<span class=\"_ _4\"></span>lows:</div>\n<div class=\"t m8 x1 hd y3d4 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Joint ventures<span class=\"_ _10\"> </span>Segment<span class=\"_ _7a\"> </span>JV partner<span class=\"_ _1bf\"> </span>Description activities</div>\n<div class=\"t m8 x1 hc y3d5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Estrela Ltd<span class=\"_ _c4\"> </span>Infrastructure<span class=\"_ _89\"> </span>ASS<span class=\"_ _bf\"> </span>Owner of the accommodation barge NUNCE</div>\n<div class=\"t m8 x1 hc y3d6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Gas Shipping Ltd<span class=\"_ _1c0\"> </span>Shipping<span class=\"_ _1c1\"> </span>SEAPEAK<span class=\"_ _ab\"> </span>Previously owner of the midsize vessel TOURAINE</div>\n<div class=\"t m8 x1 hc y3d7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR LPG BV<span class=\"_ _54\"> </span>Shipping<span class=\"_ _1c1\"> </span>SEAPEAK<span class=\"_ _ab\"> </span>Holding company for EXMAR-Seapeak\u2005 activities</div>\n<div class=\"t m8 x1 hc y3d8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Shipping BV<span class=\"_ _195\"> </span>Shipping<span class=\"_ _1c1\"> </span>SEAPEAK</div>\n<div class=\"t m8 x4c hc y3d9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Owner of 18 midsize carriers, of which two carriers</div>\n<div class=\"t m8 x4c hc y3da ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">under \ufb01nance lease and one held for sale</div>\n<div class=\"t m8 x1 hc y3db ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Good Investment Ltd\u2005<span class=\"_ _137\"> </span>Shipping<span class=\"_ _1c1\"> </span>SEAPEAK<span class=\"_ _ab\"> </span>T<span class=\"_ _4\"></span>ime-charter agreement of the VLGC BW TOKYO</div>\n<div class=\"t m8 x1 hc y3dc ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Monteriggioni Inc<span class=\"_ _7a\"> </span>Shipping<span class=\"_ _1c1\"> </span>MOL</div>\n<div class=\"t m8 x4c hc y3dd ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Owner of the LNG carrier EXCEL which was sold</div>\n<div class=\"t m8 x4c hc y3de ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">during 2017 - dormant since</div>\n<div class=\"t m8 x1 hd y3df ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Associates<span class=\"_ _170\"> </span>Segment<span class=\"_ _7a\"> </span>Ownership%<span class=\"_ _137\"> </span>Description activities</div>\n<div class=\"t m8 x1 hc y3e0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Marpos NV</div>\n<div class=\"t m8 x62 hc y3e1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Supporting</div>\n<div class=\"t m8 x62 hc y3e2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">services</div>\n<div class=\"t m8 x63 hc y3e0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">45.00%<span class=\"_ _e4\"> </span>Provides waste solutions for maritime industry</div>\n<div class=\"t m8 x1 hc y3e3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Electra Offshor<span class=\"_ _3\"></span>e Ltd<span class=\"_ _5b\"> </span>Infrastructure<span class=\"_ _1c2\"> </span>40.00%<span class=\"_ _e4\"> </span>Owner of the accommodation barge W<span class=\"_ _1\"></span>ARIBOKO</div>\n<div class=\"t m8 x1 hc y3e4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exview Hong Kong Ltd<span class=\"_ _8c\"> </span>Infrastructure<span class=\"_ _1c2\"> </span>40.00%</div>\n<div class=\"t m8 x4c hc y3e5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bareboat owner of the accommodation bar<span class=\"_ _3\"></span>ge</div>\n<div class=\"t m8 x4c hc y3e6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">WARIBOKO</div>\n<div class=\"t m8 x1 hc y3e7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Springmarine Nigeria Ltd<span class=\"_ _1c3\"> </span>Infrastructure<span class=\"_ _89\"> </span>40.00%</div>\n<div class=\"t m8 x4c hc y3e8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Time-charter agreement for the accommodation</div>\n<div class=\"t m8 x4c hc y3e9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">barge W<span class=\"_ _3\"></span>ARIBOKO</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 506px; height: 633px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 506px; height: 633px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 506px; height: 633px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m8 xe hd y42f Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ Seco7bq_90\"> </span>Joint ventures<span class=\"_ _1c4\"> </span>Associates</div>\n<div class=\"t m8 xe hd y430 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">JV partner</div>\n<div class=\"t m8 x65 h14 y431 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Seapeak<span class=\"_ _1c5\"> </span>MOL<span class=\"_ _1c5\"> </span>Seapeak<span class=\"_ _1c6\"> </span>ASS</div>\n<div class=\"t m8 x66 h14 y432 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Anglo-</div>\n<div class=\"t m8 x67 h14 y433 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"><br/></div>\n<div class=\"t m8 x68 h14 y434 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Eastern</div>\n<div class=\"t m8 xe hd y435 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Ownership percentage<span class=\"_ Seco7bq_74\"> </span>50%<span class=\"_ Seco7bq_52\"> </span>50%<span class=\"_ Seco7bq_52\"> </span>50%<span class=\"_ Seco7bq_52\"> </span>50%<span class=\"_ Seco7bq_52\"> </span>50%<span class=\"_ Seco7bq_61\"> </span>45%<span class=\"_ Seco7bq_52\"> </span>45%<span class=\"_ Seco7bq_52\"> </span>40%</div>\n<div class=\"t m8 xe hd y436 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Entity</div>\n<div class=\"t m8 Seco7bq_185 h14 y437 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Total</div>\n<div class=\"t m8 x65 h14 y438 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Seapeak</div>\n<div class=\"t m8 Seco7bq_187 h14 y437 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Monte-</div>\n<div class=\"t m8 Seco7bq_187 h14 y439 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">riggioni</div>\n<div class=\"t m8 x69 h14 y43a Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Solaia</div>\n<div class=\"t m8 x6a h14 y437 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"><br/></div>\n<div class=\"t m8 x6b h14 y439 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Shipping</div>\n<div class=\"t m8 x6c h14 y43b Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Estrela Ltd<span class=\"_ _1ca\"> </span>AEX<span class=\"_ Seco7bq_62\"> </span>BEXCO<span class=\"_ _1ca\"> </span>Marpos</div>\n<div class=\"t m8 x6d h14 y43c Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Total</div>\n<div class=\"t m8 x6e h14 y43b Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Wariboko</div>\n<div class=\"t m8 x6f h14 y43d Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">companies</div>\n<div class=\"t m8 Seco7bq_199 hd y43e Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">TOTAL</div>\n<div class=\"t m8 xe hc Seco7bq_155 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non current assets<span class=\"_ _1cc\"> </span>613,933<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_44\"> </span>11,410<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_59\"> </span>404<span class=\"_ _1c5\"> </span>2,675<span class=\"_ _1ce\" style=\"margin-left: 14px;\"> </span>628,422</div>\n<div class=\"t m8 xe hc Seco7bq_154 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current assets<span class=\"_ Seco7bq_87\"> </span>48,672<span class=\"_ _1c5\"> </span>4,725<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1c5\"> </span>4,962<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ _1c5\"> </span>1,207<span class=\"_ Seco7bq_44\"> </span>14,852<span class=\"_ Seco7bq_47\"> </span>74,418</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_153 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which cash and cash</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_151 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">equivalents</div>\n<div class=\"t m8 Seco7bq_185 hc Seco7bq_152 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">37,665<span class=\"_ _1c5\"> </span>4,725<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1c5\"> </span>4,932<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_59\"> </span>657<span class=\"_ Seco7bq_65\"> </span>57<span class=\"_ Seco7bq_51\"> </span>48,036</div>\n<div class=\"t m8 xe hc Seco7bq_150 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non current liabilities<span class=\"_ Seco7bq_78\"> </span>355,773<span class=\"_ _1c5\"> </span>4,693<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1c5\"> </span>8,445<span class=\"_ _1ce\" style=\"margin-left: 15px;\"> </span>368,911</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_149 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which bank borrowings<span class=\"_ _1d0\"> </span>340,515<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1ca\"> </span>340,515</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_148 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which finance leases<span class=\"_ Seco7bq_69\"> </span>2,958<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_58\"> </span>2,958</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_147 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which other borrowings<span class=\"_ Seco7bq_72\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1c5\"> </span>2,225<span class=\"_ Seco7bq_58\"> </span>2,225</div>\n<div class=\"t m8 xe hc Seco7bq_146 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current liabilities<span class=\"_ _1d3\"> </span>161,607<span class=\"_ Seco7bq_65\"> </span>56<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_59\"> </span>609<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_59\"> </span>595<span class=\"_ Seco7bq_44\"> </span>28,794<span class=\"_ _1ce\" style=\"margin-left: 13px;\"> </span>191,661</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_145 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which bank borrowings<span class=\"_ Seco7bq_53\"> </span>4,033<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_58\"> </span>4,033</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_144 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which finance leases<span class=\"_ Seco7bq_56\"> </span>103,249<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1ca\"> </span>103,249</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_143 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which other borrowings<span class=\"_ Seco7bq_72\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_44\"> </span>14,190<span class=\"_ Seco7bq_51\"> </span>14,190</div>\n<div class=\"t m8 Seco7bq_186 hc Seco7bq_142 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ _1d4\"> </span>0</div>\n<div class=\"t m8 xe hc Seco7bq_141 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Revenue<span class=\"_ Seco7bq_89\"> </span>172,129<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_44\"> </span>10,220<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_51\"> </span>17,471<span class=\"_ _1c5\"> </span>2,254<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1ce\" style=\"margin-left: 13px;\"> </span>202,074</div>\n<div class=\"t m8 xe hc Seco7bq_140 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciation and amortization<span class=\"_ Seco7bq_44\"> </span>52,754<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1c5\"> </span>2,941<span class=\"_ _1c5\"> </span>1,751<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_68\"> </span>661<span class=\"_ Seco7bq_65\"> </span>71<span class=\"_ _1c5\"> </span>1,933<span class=\"_ Seco7bq_47\" style=\"margin-left: 13px;\"> </span>60,111</div>\n<div class=\"t m8 xe hc Seco7bq_139 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairment (reversal)<span class=\"_ Seco7bq_80\"> </span>-7,950<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_39\"> </span>-10,000<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_73\"> </span>17<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_59\"> </span>482<span class=\"_ Seco7bq_44\" style=\"margin-left: 13px;\"> </span>-17,451</div>\n<div class=\"t m8 xe hc Seco7bq_138 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income<span class=\"_ _1d6\"> </span>1,034<span class=\"_ Seco7bq_65\"> </span>34<span class=\"_ Seco7bq_65\"> </span>19<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_54\" style=\"margin-left: 9px;\"> </span>1,087</div>\n<div class=\"t m8 xe hc Seco7bq_137 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expense<span class=\"_ _1d8\"> </span>22,515<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_59\"> </span>581<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_68\"> </span>100<span class=\"_ Seco7bq_71\"> </span>7<span class=\"_ _1c5\"> </span>1,198<span class=\"_ Seco7bq_47\" style=\"margin-left: 13px;\"> </span>24,401</div>\n<div class=\"t m8 xe hc Seco7bq_136 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Income tax expense<span class=\"_ Seco7bq_84\"> </span>12<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>2<span class=\"_ Seco7bq_59\"> </span>145<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_65\"> </span>159</div>\n<div class=\"t m8 xe hd Seco7bq_135 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Profit or (loss) from</div>\n<div class=\"t m8 xe hd Seco7bq_133 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">continuing operations</div>\n<div class=\"t m8 Seco7bq_184 hd Seco7bq_134 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">62,978<span class=\"_ Seco7bq_66\"> </span>-4<span class=\"_ Seco7bq_43\"> </span>-1,126<span class=\"_ _1ca\"> </span>1,626<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ Seco7bq_65\"> </span>187<span class=\"_ Seco7bq_56\"> </span>413<span class=\"_ Seco7bq_43\"> </span>-9,853<span class=\"_ Seco7bq_47\"> </span>54,221</div>\n<div class=\"t m8 xe hc Seco7bq_132 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other comprehensive income<span class=\"_ Seco7bq_53\"> </span>4,498<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_85\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_54\"> </span>4,498</div>\n<div class=\"t m8 xe hd Seco7bq_131 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Total comprehensive income<span class=\"_ Seco7bq_42\"> </span>67,476<span class=\"_ Seco7bq_66\"> </span>-4<span class=\"_ Seco7bq_43\"> </span>-1,126<span class=\"_ _1ca\"> </span>1,626<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ Seco7bq_65\"> </span>187<span class=\"_ Seco7bq_56\"> </span>413<span class=\"_ Seco7bq_43\"> </span>-9,853<span class=\"_ Seco7bq_47\"> </span>58,719</div>\n<div class=\"t m8 Seco7bq_198 hc Seco7bq_130 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0</div>\n<div class=\"t m8 xe hd Seco7bq_129 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net assets (100%)<span class=\"_ Seco7bq_79\"> </span>197,525<span class=\"_ Seco7bq_60\"> </span>-24<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ Seco7bq_38\"> </span>15,763<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ Seco7bq_76\"> </span>0<span class=\"_ _1ca\"> </span>1,016<span class=\"_ Seco7bq_37\"> </span>-13,492<span class=\"_ _1ce\"> </span>200,788</div>\n<div class=\"t m8 xe hc Seco7bq_128 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR share in net assets<span class=\"_ Seco7bq_64\"> </span>98,763<span class=\"_ Seco7bq_61\"> </span>-12<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1c5\"> </span>7,882<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_59\"> </span>457<span class=\"_ Seco7bq_45\"> </span>-5,397<span class=\"_ _1ce\" style=\"margin-left: 13px;\"> </span>101,692</div>\n<div class=\"t m8 xe hd Seco7bq_127 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in net assets of equity</div>\n<div class=\"t m8 xe hd Seco7bq_126 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees on</div>\n<div class=\"t m8 xe hd Seco7bq_125 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">January 1, 2022</div>\n<div class=\"t m8 Seco7bq_184 hd Seco7bq_126 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">65,025<span class=\"_ Seco7bq_60\"> </span>-10<span class=\"_ Seco7bq_45\"> </span>7,736<span class=\"_ _1ca\"> </span>8,650<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ Seco7bq_54\"> </span>4,930<span class=\"_ Seco7bq_57\"> </span>439<span class=\"_ Seco7bq_43\"> </span>-1,961<span class=\"_ Seco7bq_47\"> </span>84,809</div>\n<div class=\"t m8 xe hc Seco7bq_124 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in total comprehensive</div>\n<div class=\"t m8 xe hc Seco7bq_122 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">income</div>\n<div class=\"t m8 Seco7bq_185 hc Seco7bq_123 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">33,738<span class=\"_ Seco7bq_67\"> </span>-2<span class=\"_ Seco7bq_55\"> </span>-563<span class=\"_ Seco7bq_59\"> </span>813<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_73\"> </span>84<span class=\"_ Seco7bq_59\"> </span>186<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_47\"> </span>34,256</div>\n<div class=\"t m8 xe hc Seco7bq_121 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Decrease through business</div>\n<div class=\"t m8 xe hc Seco7bq_119 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">combinations\ue61e</div>\n<div class=\"t m8 Seco7bq_186 hc Seco7bq_120 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_45\"> </span>-7,173<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_54\"> </span>-4,379<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_44\" style=\"margin-left: 13px;\"> </span>-11,552</div>\n<div class=\"t m8 xe hc Seco7bq_118 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Dividends<span class=\"_ Seco7bq_92\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_45\"> </span>-1,581<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_63\"> </span>-337<span class=\"_ Seco7bq_55\"> </span>-161<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_49\" style=\"margin-left: 5px;\"> </span>-2,079</div>\n<div class=\"t m8 xe hc Seco7bq_117 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Foreign currency translation</div>\n<div class=\"t m8 xe hc Seco7bq_115 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">differences</div>\n<div class=\"t m8 Seco7bq_186 hc Seco7bq_116 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_63\"> </span>-298<span class=\"_ Seco7bq_67\"> </span>-7<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_61\"> </span>-305</div>\n<div class=\"t m8 xe hc Seco7bq_114 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other<span class=\"_ Seco7bq_93\"> </span>0<span class=\"_ Seco7bq_71\"> </span>4<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_88\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_76\"> </span>4</div>\n<div class=\"t m8 xe hd Seco7bq_113 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in net assets of equity</div>\n<div class=\"t m8 xe hd Seco7bq_112 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees on</div>\n<div class=\"t m8 xe hd Seco7bq_111 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2022</div>\n<div class=\"t m8 Seco7bq_184 hd Seco7bq_112 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">98,763<span class=\"_ Seco7bq_66\"> </span>-8<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ _1ca\"> </span>7,882<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ Seco7bq_76\"> </span>0<span class=\"_ Seco7bq_57\"> </span>457<span class=\"_ Seco7bq_42\"> </span>-1,961<span class=\"_ _1ce\"> </span>105,133</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_110 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Netting negative equity</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_108 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">and impairment</div>\n<div class=\"t m8 Seco7bq_186 hc Seco7bq_109 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_75\"> </span>0-<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1c5\"> </span>1,961<span class=\"_ Seco7bq_54\" style=\"margin-left: 13px;\"> </span>1,961</div>\n<div class=\"t m8 xe hd Seco7bq_107 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in net assets of equity</div>\n<div class=\"t m8 xe hd Seco7bq_106 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees on</div>\n<div class=\"t m8 xe hd Seco7bq_104 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2022, after</div>\n<div class=\"t m8 xe hd Seco7bq_103 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">netting negative equity</div>\n<div class=\"t m8 Seco7bq_184 hd Seco7bq_105 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">98,751<span class=\"_ Seco7bq_66\"> </span>-8<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ _1ca\"> </span>7,882<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ Seco7bq_76\"> </span>0<span class=\"_ Seco7bq_57\"> </span>457<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ _1ce\"> </span>107,082</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 238px; height: 912px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 238px; height: 912px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 238px; height: 912px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m8 x75 hd y42f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Joint ventures<span class=\"_ _1c4\"> </span>Associates</div>\n<div class=\"t m8 x1 hd y430 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15; margin: 0 0 22px 0;\">(In thousands of USD)</div>\n<div class=\"t m8 x1 hd y430 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">JV partner</div>\n<div class=\"t m8 x76 h14 y431 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Seapeak<span class=\"_ _1e3\"> </span>MOL<span class=\"_ _1da\"> </span>Seapeak<span class=\"_ _a1\"> </span>ASS</div>\n<div class=\"t m8 x77 h14 y432 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Anglo-</div>\n<div class=\"t m8 x46 h14 y433 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 x26 h14 y434 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Eastern</div>\n<div class=\"t m8 x1 hd y435 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Ownership percentage<span class=\"_ _1e4\"> </span>50%<span class=\"_ _1c7\"> </span>50%<span class=\"_ _1c8\"> </span>50%<span class=\"_ _1c7\"> </span>50%<span class=\"_ _1c8\"> </span>50%<span class=\"_ _a1\"> </span>45%<span class=\"_ _1c8\"> </span>45%<span class=\"_ _1c7\"> </span>40%</div>\n<div class=\"t m8 x1 hd y436 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Entity</div>\n<div class=\"t m8 x78 h14 y437 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>otal</div>\n<div class=\"t m8 x76 h14 y438 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Seapeak</div>\n<div class=\"t m8 x79 h14 y437 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Monte-</div>\n<div class=\"t m8 x7a h14 y439 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">riggioni</div>\n<div class=\"t m8 x7b h14 y43a ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Solaia</div>\n<div class=\"t m8 x7c h14 y437 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 x6a h14 y439 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Shipping</div>\n<div class=\"t m8 x7d h14 y43b ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Estrela Ltd<span class=\"_ _107\"> </span>AEX<span class=\"_ _1e5\"> </span>BEXCO<span class=\"_ _1ca\"> </span>Marpos</div>\n<div class=\"t m8 x7e h14 y43c ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>otal</div>\n<div class=\"t m8 x4f h14 y43b ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Wariboko</div>\n<div class=\"t m8 x2a h14 y43d ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">companies</div>\n<div class=\"t m8 xa hd y43e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">TOT<span class=\"_ _1\"></span>AL</div>\n<div class=\"t m8 x1 hc y43f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non current assets<span class=\"_ _1cc\"> </span>621,033<span class=\"_ _1d1\"> </span>0<span class=\"_ _1c0\"> </span>30,127<span class=\"_ _1c0\"> </span>13,161<span class=\"_ _1d1\"> </span>0<span class=\"_ _1d2\"> </span>6,664<span class=\"_ _107\"> </span>355<span class=\"_ _1c5\"> </span>7,630<span class=\"_ _1ce\"> </span><span class=\"ff2\">678,970</span></div>\n<div class=\"t m8 x1 hc y440 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current assets<span class=\"_ _1a4\"> </span>86,195<span class=\"_ _1c5\"> </span>4,693<span class=\"_ _1c5\"> </span>4,475<span class=\"_ _1c5\"> </span>5,659<span class=\"_ _eb\"> </span>0<span class=\"_ _1c7\"> </span>18,958<span class=\"_ _1c5\"> </span>1,297<span class=\"_ _1c5\"> </span>7,507<span class=\"_ _1ce\"> </span><span class=\"ff2\">128,784</span></div>\n<div class=\"t m8 x1f hc y441 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which cash and cash</div>\n<div class=\"t m8 x1f hc y442 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">equivalents</div>\n<div class=\"t m8 x7f hc y443 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">54,474<span class=\"_ _1c5\"> </span>4,693<span class=\"_ _1c5\"> </span>4,263<span class=\"_ _1c5\"> </span>5,626<span class=\"_ _1d1\"> </span>0<span class=\"_ _ac\"> </span>228<span class=\"_ _1cd\"> </span>942<span class=\"_ _107\"> </span>218<span class=\"_ _1c7\"> </span>70,444</div>\n<div class=\"t m8 x1 hc y444 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non current liabilities<span class=\"_ _8e\"> </span>507,258<span class=\"_ _1c5\"> </span>4,693<span class=\"_ _1c5\"> </span>7,500<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d2\"> </span>3,478<span class=\"_ _eb\"> </span>0<span class=\"_ _1c5\"> </span>1,015<span class=\"_ _1ce\"> </span><span class=\"ff2\">523,944</span></div>\n<div class=\"t m8 x1f hc y445 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which bank borrowings<span class=\"_ _1d0\"> </span>253,137<span class=\"_ _1d1\"> </span>0<span class=\"_ _1c5\"> </span>7,500<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d2\"> </span>3,063<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _1ca\"> </span>263,700</div>\n<div class=\"t m8 x1f hc y446 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which \ufb01nance leases<span class=\"_ _13e\"> </span>174,734<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1cf\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _1ca\"> </span>174,734</div>\n<div class=\"t m8 x1f hc y447 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which other borrowings<span class=\"_ _1c3\"> </span>49,531<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1cf\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1c7\"> </span>49,531</div>\n<div class=\"t m8 x1 hc y448 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current liabilities<span class=\"_ _10b\"> </span>99,777<span class=\"_ _e5\"> </span>20<span class=\"_ _1e6\"> </span>11,630<span class=\"_ _1c5\"> </span>1,520<span class=\"_ _1d1\"> </span>0<span class=\"_ _1c7\"> </span>11,167<span class=\"_ _1cd\"> </span>676<span class=\"_ _1c0\"> </span>21,057<span class=\"_ _1ce\"> </span><span class=\"ff2\">145,847</span></div>\n<div class=\"t m8 x1f hc y449 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which bank borrowings<span class=\"_ _ff\"> </span>26,233<span class=\"_ _1d1\"> </span>0<span class=\"_ _1c0\"> </span>10,000<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _8b\"> </span>894<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1c7\"> </span>37,127</div>\n<div class=\"t m8 x1f hc y44a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which \ufb01nance leases<span class=\"_ _1e7\"> </span>32,071<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _126\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1c7\"> </span>32,071</div>\n<div class=\"t m8 x1f hc y44b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which other borrowings<span class=\"_ _1c3\"> </span>15,000<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1cf\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1c5\"> </span>9,848<span class=\"_ _1c7\"> </span>24,848</div>\n<div class=\"t m8 x3 hc y44c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ _1d4\"> </span>0</div>\n<div class=\"t m8 x1 hc y44d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Revenue<span class=\"_ _81\"> </span>173,777<span class=\"_ _eb\"> </span>0<span class=\"_ _1e6\"> </span>21,687<span class=\"_ _1c0\"> </span>10,401<span class=\"_ _1d1\"> </span>0<span class=\"_ _1c7\"> </span>48,424<span class=\"_ _1c5\"> </span>2,128<span class=\"_ _1c5\"> </span>5,075<span class=\"_ _1ce\"> </span><span class=\"ff2\">261,492</span></div>\n<div class=\"t m8 x1 hc y44e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciation and amortization<span class=\"_ _1e6\"> </span>56,144<span class=\"_ _eb\"> </span>0<span class=\"_ _1c5\"> </span>3,705<span class=\"_ _1c5\"> </span>1,750<span class=\"_ _eb\"> </span>0<span class=\"_ _8b\"> </span>889<span class=\"_ _a8\"> </span>72<span class=\"_ _1c5\"> </span>2,293<span class=\"_ _1d5\"> </span><span class=\"ff2\">64,853</span></div>\n<div class=\"t m8 x1 hc y44f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairment (reversal)<span class=\"_ _44\"> </span>-6,400<span class=\"_ _1d1\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _db\"> </span>-72<span class=\"_ _eb\"> </span>0<span class=\"_ _1c5\"> </span>1,925<span class=\"_ _1de\"> </span><span class=\"ff2\">-4,547</span></div>\n<div class=\"t m8 x1 hc y450 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income<span class=\"_ _b\"> </span>439<span class=\"_ _eb\"> </span>0<span class=\"_ _8b\"> </span>-7<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1cf\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _a8\"> </span><span class=\"ff2\">432</span></div>\n<div class=\"t m8 x1 hc y451 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expense<span class=\"_ _1d8\"> </span>21,263<span class=\"_ _1d1\"> </span>0<span class=\"_ _1c5\"> </span>1,204<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _8b\"> </span>155<span class=\"_ _a8\"> </span>10<span class=\"_ _1c5\"> </span>1,177<span class=\"_ _1d5\"> </span><span class=\"ff2\">23,809</span></div>\n<div class=\"t m8 x1 hc y452 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Income tax expense<span class=\"_ _1e8\"> </span>115<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _ac\"> </span>547<span class=\"_ _1cd\"> </span>112<span class=\"_ _eb\"> </span>0<span class=\"_ _a8\"> </span><span class=\"ff2\">774</span></div>\n<div class=\"t m8 x1 hd y453 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Pro\ufb01t or (loss) fr<span class=\"_ _3\"></span>om</div>\n<div class=\"t m8 x1 hd y454 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">continuing operations</div>\n<div class=\"t m8 x80 hd y455 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">34,434<span class=\"_ _1da\"> </span>-1,247<span class=\"_ _18c\"> </span>11,460<span class=\"_ _1ca\"> </span>1,708<span class=\"_ _1e1\"> </span>182<span class=\"_ _1d7\"> </span>2,233<span class=\"_ _13e\"> </span>307<span class=\"_ _1d9\"> </span>-6,603<span class=\"_ _ff\"> </span>42,474</div>\n<div class=\"t m8 x1 hc y456 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other comprehensive income<span class=\"_ _87\"> </span>1,521<span class=\"_ _eb\"> </span>0<span class=\"_ _1cd\"> </span>596<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1cf\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d7\"> </span><span class=\"ff2\">2,117</span></div>\n<div class=\"t m8 x1 hd y457 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal comprehensive income<span class=\"_ _1da\"> </span>35,955<span class=\"_ _1da\"> </span>-1,247<span class=\"_ _cb\"> </span>12,056<span class=\"_ _1ca\"> </span>1,708<span class=\"_ _1e1\"> </span>182<span class=\"_ _1d7\"> </span>2,233<span class=\"_ _1e1\"> </span>307<span class=\"_ _1da\"> </span>-6,603<span class=\"_ _1d5\"> </span>44,591</div>\n<div class=\"t m8 x81 hc y458 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0</div>\n<div class=\"t m8 x1 hd y459 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net assets (100%)<span class=\"_ _9b\"> </span>130,049<span class=\"_ _107\"> </span>-20<span class=\"_ _18c\"> </span>15,472<span class=\"_ _18c\"> </span>17,300<span class=\"_ _195\"> </span>0<span class=\"_ _1d5\"> </span>10,977<span class=\"_ _1e1\"> </span>976<span class=\"_ _1da\"> </span>-5,920<span class=\"_ _1ce\"> </span>168,834</div>\n<div class=\"t m8 x1 hc y45a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR share in net assets<span class=\"_ _a8\"> </span>65,025<span class=\"_ _a1\"> </span>-10<span class=\"_ _1c5\"> </span>7,736<span class=\"_ _1c5\"> </span>8,650<span class=\"_ _1d1\"> </span>0<span class=\"_ _1d2\"> </span>4,930<span class=\"_ _107\"> </span>439<span class=\"_ _1e0\"> </span>-2,368<span class=\"_ _1d5\"> </span><span class=\"ff2\">84,401</span></div>\n<div class=\"t m8 x1 hd y45b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in net assets of equity</div>\n<div class=\"t m8 x1 hd y45c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees on</div>\n<div class=\"t m8 x1 hd y45d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">January 1, 2021</div>\n<div class=\"t m8 x80 hd y45c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">47,086<span class=\"_ _1e1\"> </span>614<span class=\"_ _1ca\"> </span>1,708<span class=\"_ _1e0\"> </span>7,796<span class=\"_ _1c8\"> </span>-224<span class=\"_ _1d7\"> </span>4,605<span class=\"_ _13e\"> </span>444<span class=\"_ _1e1\"> </span>680<span class=\"_ _1d5\"> </span>62,709</div>\n<div class=\"t m8 x1 hc y45e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in total compr<span class=\"_ _3\"></span>ehensive</div>\n<div class=\"t m8 x1 hc y45f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">income</div>\n<div class=\"t m8 x76 hc y460 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">17,978<span class=\"_ _1d7\"> </span>-624<span class=\"_ _1c5\"> </span>6,028<span class=\"_ _107\"> </span>854<span class=\"_ _a8\"> </span>91<span class=\"_ _1d2\"> </span>1,003<span class=\"_ _107\"> </span>138<span class=\"_ _1e0\"> </span>-2,641<span class=\"_ _1d5\"> </span><span class=\"ff2\">22,827</span></div>\n<div class=\"t m8 x1 hc y461 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Dividends<span class=\"_ _10d\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _89\"> </span>-277<span class=\"_ _1d7\"> </span>-103<span class=\"_ _eb\"> </span>0<span class=\"_ _a1\"> </span><span class=\"ff2\">-379</span></div>\n<div class=\"t m8 x1 hc y462 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Foreign curr<span class=\"_ _3\"></span>ency translation</div>\n<div class=\"t m8 x1 hc y463 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">differ<span class=\"_ _3\"></span>ences</div>\n<div class=\"t m8 x3 hc y464 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _89\"> </span>-401<span class=\"_ _a1\"> </span>-40<span class=\"_ _eb\"> </span>0<span class=\"_ _a1\"> </span><span class=\"ff2\">-441</span></div>\n<div class=\"t m8 x1 hc y465 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other<span class=\"_ _1e9\"> </span>-39<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1cd\"> </span>133<span class=\"_ _126\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _9d\"> </span><span class=\"ff2\">94</span></div>\n<div class=\"t m8 x1 hd y466 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in net assets of equity</div>\n<div class=\"t m8 x1 hd y467 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees on</div>\n<div class=\"t m8 x1 hd y468 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2021</div>\n<div class=\"t m8 x80 hd y467 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">65,024<span class=\"_ _f9\"> </span>-10<span class=\"_ _1ca\"> </span>7,736<span class=\"_ _1e0\"> </span>8,650<span class=\"_ _1d1\"> </span>0<span class=\"_ _fe\"> </span>4,930<span class=\"_ _1e1\"> </span>439<span class=\"_ _1d9\"> </span>-1,961<span class=\"_ _ff\"> </span>84,809</div>\n<div class=\"t m8 x1f hc y469 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Netting negative equity<span class=\"_ _8e\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1cf\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1c5\"> </span>1,961<span class=\"_ _1d7\"> </span><span class=\"ff2\">1,961</span></div>\n<div class=\"t m8 x1 hd y46a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in net assets of equity</div>\n<div class=\"t m8 x1 hd y46b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees on</div>\n<div class=\"t m8 x1 hd y46c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2021, after</div>\n<div class=\"t m8 x1 hd y46d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">netting negative equity</div>\n<div class=\"t m8 x80 hd y46e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">65,014<span class=\"_ _f9\"> </span>-10<span class=\"_ _1ca\"> </span>7,736<span class=\"_ _1e0\"> </span>8,650<span class=\"_ _1d1\"> </span>0<span class=\"_ _fe\"> </span>4,930<span class=\"_ _1e1\"> </span>439<span class=\"_ _1d1\"> </span>0<span class=\"_ _ff\"> </span>86,760</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 168px; height: 982px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 168px; height: 982px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 168px; height: 982px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "exmar:DisclosureOfFinancialInformationEquityAccountedInvesteesExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag415": {
   "value": "\n<div class=\"t m0 x1 h11 y42 ff2 fsb fc3 sc0 ls40 ws44\" style=\"z-index: 15;\">NOTE 1<span class=\"_ _2\"></span>8 - FINANCIAL INFORMA<span class=\"_ _2\"></span>TION E<span class=\"_ _3\"></span>QUIT<span class=\"_ _4\"></span>Y A<span class=\"_ _3\"></span>C<span class=\"_ _3\"></span>COU<span class=\"_ _3\"></span>NTED</div>\n<div class=\"t m0 x1 h11 y3cd ff2 fsb fc3 sc0 ls58 ws62\" style=\"z-index: 15;\">INVESTEES</div>\n<div class=\"t m8 x1 hb y43 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R has no l<span class=\"_ _4\"></span>iabil<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s towa<span class=\"_ _4\"></span>rd<span class=\"_ _4\"></span>s it<span class=\"_ _4\"></span>s eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>ccou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d has t<span class=\"_ _4\"></span>he foll<span class=\"_ _4\"></span>owi<span class=\"_ _4\"></span>ng as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s:</div>\n<div class=\"t m8 x1 hd y302 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y303 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Investments in equity accounted investees:</div>\n<div class=\"t m8 x1f hc y304 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Joint ventures<span class=\"_ _181\"> </span>106,625<span class=\"_ _1a\"> </span>81,390</div>\n<div class=\"t m8 x1f hc y305 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Associates<span class=\"_ _1ba\"> </span>457<span class=\"_ _15\"> </span>5,370</div>\n<div class=\"t m8 x1 hc y306 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity accounted investees:</div>\n<div class=\"t m8 x1f hc y3ce ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Long-term<span class=\"_ _1bb\"> </span>0<span class=\"_ _1a\"> </span>24,760</div>\n<div class=\"t m8 x1f hc y3cf ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Short-term (or current portion of long-term)<span class=\"_ _14a\"> </span>7,000<span class=\"_ _1a\"> </span>15,407</div>\n<div class=\"t m8 x1 hc y3d0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other r<span class=\"_ _3\"></span>eceivables (see also Note 36 Related parties)</div>\n<div class=\"t m8 x1f hc y3d1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Gross balance\u2005<span class=\"_ _1bc\"> </span>10,977<span class=\"_ _15\"> </span>6,373</div>\n<div class=\"t m8 x1f hc y3d2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairment<span class=\"_ _1bd\"> </span>-6,903<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 x1 hd y3d3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal<span class=\"_ _1be\"> </span>118,157<span class=\"_ _d\"> </span>133,300</div>\n<div class=\"t m8 x1 hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">It<span class=\"_ _4\"></span>s inves<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s at year-<span class=\"_ _4\"></span>end 20<span class=\"_ _4\"></span>22 c<span class=\"_ _4\"></span>an be d<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>aile<span class=\"_ _4\"></span>d as fol<span class=\"_ _4\"></span>lows:</div>\n<div class=\"t m8 x1 hd y3d4 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Joint ventures<span class=\"_ _10\"> </span>Segment<span class=\"_ _7a\"> </span>JV partner<span class=\"_ _1bf\"> </span>Description activities</div>\n<div class=\"t m8 x1 hc y3d5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Estrela Ltd<span class=\"_ _c4\"> </span>Infrastructure<span class=\"_ _89\"> </span>ASS<span class=\"_ _bf\"> </span>Owner of the accommodation barge NUNCE</div>\n<div class=\"t m8 x1 hc y3d6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Gas Shipping Ltd<span class=\"_ _1c0\"> </span>Shipping<span class=\"_ _1c1\"> </span>SEAPEAK<span class=\"_ _ab\"> </span>Previously owner of the midsize vessel TOURAINE</div>\n<div class=\"t m8 x1 hc y3d7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR LPG BV<span class=\"_ _54\"> </span>Shipping<span class=\"_ _1c1\"> </span>SEAPEAK<span class=\"_ _ab\"> </span>Holding company for EXMAR-Seapeak\u2005 activities</div>\n<div class=\"t m8 x1 hc y3d8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Shipping BV<span class=\"_ _195\"> </span>Shipping<span class=\"_ _1c1\"> </span>SEAPEAK</div>\n<div class=\"t m8 x4c hc y3d9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Owner of 18 midsize carriers, of which two carriers</div>\n<div class=\"t m8 x4c hc y3da ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">under \ufb01nance lease and one held for sale</div>\n<div class=\"t m8 x1 hc y3db ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Good Investment Ltd\u2005<span class=\"_ _137\"> </span>Shipping<span class=\"_ _1c1\"> </span>SEAPEAK<span class=\"_ _ab\"> </span>T<span class=\"_ _4\"></span>ime-charter agreement of the VLGC BW TOKYO</div>\n<div class=\"t m8 x1 hc y3dc ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Monteriggioni Inc<span class=\"_ _7a\"> </span>Shipping<span class=\"_ _1c1\"> </span>MOL</div>\n<div class=\"t m8 x4c hc y3dd ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Owner of the LNG carrier EXCEL which was sold</div>\n<div class=\"t m8 x4c hc y3de ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">during 2017 - dormant since</div>\n<div class=\"t m8 x1 hd y3df ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Associates<span class=\"_ _170\"> </span>Segment<span class=\"_ _7a\"> </span>Ownership%<span class=\"_ _137\"> </span>Description activities</div>\n<div class=\"t m8 x1 hc y3e0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Marpos NV</div>\n<div class=\"t m8 x62 hc y3e1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Supporting</div>\n<div class=\"t m8 x62 hc y3e2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">services</div>\n<div class=\"t m8 x63 hc y3e0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">45.00%<span class=\"_ _e4\"> </span>Provides waste solutions for maritime industry</div>\n<div class=\"t m8 x1 hc y3e3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Electra Offshor<span class=\"_ _3\"></span>e Ltd<span class=\"_ _5b\"> </span>Infrastructure<span class=\"_ _1c2\"> </span>40.00%<span class=\"_ _e4\"> </span>Owner of the accommodation barge W<span class=\"_ _1\"></span>ARIBOKO</div>\n<div class=\"t m8 x1 hc y3e4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exview Hong Kong Ltd<span class=\"_ _8c\"> </span>Infrastructure<span class=\"_ _1c2\"> </span>40.00%</div>\n<div class=\"t m8 x4c hc y3e5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bareboat owner of the accommodation bar<span class=\"_ _3\"></span>ge</div>\n<div class=\"t m8 x4c hc y3e6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">WARIBOKO</div>\n<div class=\"t m8 x1 hc y3e7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Springmarine Nigeria Ltd<span class=\"_ _1c3\"> </span>Infrastructure<span class=\"_ _89\"> </span>40.00%</div>\n<div class=\"t m8 x4c hc y3e8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Time-charter agreement for the accommodation</div>\n<div class=\"t m8 x4c hc y3e9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">barge W<span class=\"_ _3\"></span>ARIBOKO</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 506px; height: 633px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m8 xe hd y42f Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ Seco7bq_90\"> </span>Joint ventures<span class=\"_ _1c4\"> </span>Associates</div>\n<div class=\"t m8 xe hd y430 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">JV partner</div>\n<div class=\"t m8 x65 h14 y431 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Seapeak<span class=\"_ _1c5\"> </span>MOL<span class=\"_ _1c5\"> </span>Seapeak<span class=\"_ _1c6\"> </span>ASS</div>\n<div class=\"t m8 x66 h14 y432 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Anglo-</div>\n<div class=\"t m8 x67 h14 y433 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"><br/></div>\n<div class=\"t m8 x68 h14 y434 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Eastern</div>\n<div class=\"t m8 xe hd y435 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Ownership percentage<span class=\"_ Seco7bq_74\"> </span>50%<span class=\"_ Seco7bq_52\"> </span>50%<span class=\"_ Seco7bq_52\"> </span>50%<span class=\"_ Seco7bq_52\"> </span>50%<span class=\"_ Seco7bq_52\"> </span>50%<span class=\"_ Seco7bq_61\"> </span>45%<span class=\"_ Seco7bq_52\"> </span>45%<span class=\"_ Seco7bq_52\"> </span>40%</div>\n<div class=\"t m8 xe hd y436 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Entity</div>\n<div class=\"t m8 Seco7bq_185 h14 y437 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Total</div>\n<div class=\"t m8 x65 h14 y438 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Seapeak</div>\n<div class=\"t m8 Seco7bq_187 h14 y437 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Monte-</div>\n<div class=\"t m8 Seco7bq_187 h14 y439 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">riggioni</div>\n<div class=\"t m8 x69 h14 y43a Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Solaia</div>\n<div class=\"t m8 x6a h14 y437 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"><br/></div>\n<div class=\"t m8 x6b h14 y439 Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Shipping</div>\n<div class=\"t m8 x6c h14 y43b Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Estrela Ltd<span class=\"_ _1ca\"> </span>AEX<span class=\"_ Seco7bq_62\"> </span>BEXCO<span class=\"_ _1ca\"> </span>Marpos</div>\n<div class=\"t m8 x6d h14 y43c Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Total</div>\n<div class=\"t m8 x6e h14 y43b Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Wariboko</div>\n<div class=\"t m8 x6f h14 y43d Seco7bq_23 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">companies</div>\n<div class=\"t m8 Seco7bq_199 hd y43e Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">TOTAL</div>\n<div class=\"t m8 xe hc Seco7bq_155 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non current assets<span class=\"_ _1cc\"> </span>613,933<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_44\"> </span>11,410<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_59\"> </span>404<span class=\"_ _1c5\"> </span>2,675<span class=\"_ _1ce\" style=\"margin-left: 14px;\"> </span>628,422</div>\n<div class=\"t m8 xe hc Seco7bq_154 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current assets<span class=\"_ Seco7bq_87\"> </span>48,672<span class=\"_ _1c5\"> </span>4,725<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1c5\"> </span>4,962<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ _1c5\"> </span>1,207<span class=\"_ Seco7bq_44\"> </span>14,852<span class=\"_ Seco7bq_47\"> </span>74,418</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_153 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which cash and cash</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_151 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">equivalents</div>\n<div class=\"t m8 Seco7bq_185 hc Seco7bq_152 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">37,665<span class=\"_ _1c5\"> </span>4,725<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1c5\"> </span>4,932<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_59\"> </span>657<span class=\"_ Seco7bq_65\"> </span>57<span class=\"_ Seco7bq_51\"> </span>48,036</div>\n<div class=\"t m8 xe hc Seco7bq_150 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non current liabilities<span class=\"_ Seco7bq_78\"> </span>355,773<span class=\"_ _1c5\"> </span>4,693<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1c5\"> </span>8,445<span class=\"_ _1ce\" style=\"margin-left: 15px;\"> </span>368,911</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_149 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which bank borrowings<span class=\"_ _1d0\"> </span>340,515<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1ca\"> </span>340,515</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_148 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which finance leases<span class=\"_ Seco7bq_69\"> </span>2,958<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_58\"> </span>2,958</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_147 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which other borrowings<span class=\"_ Seco7bq_72\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1c5\"> </span>2,225<span class=\"_ Seco7bq_58\"> </span>2,225</div>\n<div class=\"t m8 xe hc Seco7bq_146 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current liabilities<span class=\"_ _1d3\"> </span>161,607<span class=\"_ Seco7bq_65\"> </span>56<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_59\"> </span>609<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_59\"> </span>595<span class=\"_ Seco7bq_44\"> </span>28,794<span class=\"_ _1ce\" style=\"margin-left: 13px;\"> </span>191,661</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_145 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which bank borrowings<span class=\"_ Seco7bq_53\"> </span>4,033<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_58\"> </span>4,033</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_144 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which finance leases<span class=\"_ Seco7bq_56\"> </span>103,249<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1ca\"> </span>103,249</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_143 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which other borrowings<span class=\"_ Seco7bq_72\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_44\"> </span>14,190<span class=\"_ Seco7bq_51\"> </span>14,190</div>\n<div class=\"t m8 Seco7bq_186 hc Seco7bq_142 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ _1d4\"> </span>0</div>\n<div class=\"t m8 xe hc Seco7bq_141 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Revenue<span class=\"_ Seco7bq_89\"> </span>172,129<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_44\"> </span>10,220<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_51\"> </span>17,471<span class=\"_ _1c5\"> </span>2,254<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1ce\" style=\"margin-left: 13px;\"> </span>202,074</div>\n<div class=\"t m8 xe hc Seco7bq_140 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciation and amortization<span class=\"_ Seco7bq_44\"> </span>52,754<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1c5\"> </span>2,941<span class=\"_ _1c5\"> </span>1,751<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_68\"> </span>661<span class=\"_ Seco7bq_65\"> </span>71<span class=\"_ _1c5\"> </span>1,933<span class=\"_ Seco7bq_47\" style=\"margin-left: 13px;\"> </span>60,111</div>\n<div class=\"t m8 xe hc Seco7bq_139 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairment (reversal)<span class=\"_ Seco7bq_80\"> </span>-7,950<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_39\"> </span>-10,000<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_73\"> </span>17<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_59\"> </span>482<span class=\"_ Seco7bq_44\" style=\"margin-left: 13px;\"> </span>-17,451</div>\n<div class=\"t m8 xe hc Seco7bq_138 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income<span class=\"_ _1d6\"> </span>1,034<span class=\"_ Seco7bq_65\"> </span>34<span class=\"_ Seco7bq_65\"> </span>19<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_54\" style=\"margin-left: 9px;\"> </span>1,087</div>\n<div class=\"t m8 xe hc Seco7bq_137 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expense<span class=\"_ _1d8\"> </span>22,515<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_59\"> </span>581<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_68\"> </span>100<span class=\"_ Seco7bq_71\"> </span>7<span class=\"_ _1c5\"> </span>1,198<span class=\"_ Seco7bq_47\" style=\"margin-left: 13px;\"> </span>24,401</div>\n<div class=\"t m8 xe hc Seco7bq_136 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Income tax expense<span class=\"_ Seco7bq_84\"> </span>12<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>2<span class=\"_ Seco7bq_59\"> </span>145<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_65\"> </span>159</div>\n<div class=\"t m8 xe hd Seco7bq_135 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Profit or (loss) from</div>\n<div class=\"t m8 xe hd Seco7bq_133 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">continuing operations</div>\n<div class=\"t m8 Seco7bq_184 hd Seco7bq_134 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">62,978<span class=\"_ Seco7bq_66\"> </span>-4<span class=\"_ Seco7bq_43\"> </span>-1,126<span class=\"_ _1ca\"> </span>1,626<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ Seco7bq_65\"> </span>187<span class=\"_ Seco7bq_56\"> </span>413<span class=\"_ Seco7bq_43\"> </span>-9,853<span class=\"_ Seco7bq_47\"> </span>54,221</div>\n<div class=\"t m8 xe hc Seco7bq_132 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other comprehensive income<span class=\"_ Seco7bq_53\"> </span>4,498<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_85\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_54\"> </span>4,498</div>\n<div class=\"t m8 xe hd Seco7bq_131 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Total comprehensive income<span class=\"_ Seco7bq_42\"> </span>67,476<span class=\"_ Seco7bq_66\"> </span>-4<span class=\"_ Seco7bq_43\"> </span>-1,126<span class=\"_ _1ca\"> </span>1,626<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ Seco7bq_65\"> </span>187<span class=\"_ Seco7bq_56\"> </span>413<span class=\"_ Seco7bq_43\"> </span>-9,853<span class=\"_ Seco7bq_47\"> </span>58,719</div>\n<div class=\"t m8 Seco7bq_198 hc Seco7bq_130 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0</div>\n<div class=\"t m8 xe hd Seco7bq_129 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net assets (100%)<span class=\"_ Seco7bq_79\"> </span>197,525<span class=\"_ Seco7bq_60\"> </span>-24<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ Seco7bq_38\"> </span>15,763<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ Seco7bq_76\"> </span>0<span class=\"_ _1ca\"> </span>1,016<span class=\"_ Seco7bq_37\"> </span>-13,492<span class=\"_ _1ce\"> </span>200,788</div>\n<div class=\"t m8 xe hc Seco7bq_128 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR share in net assets<span class=\"_ Seco7bq_64\"> </span>98,763<span class=\"_ Seco7bq_61\"> </span>-12<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1c5\"> </span>7,882<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_77\"> </span>0<span class=\"_ Seco7bq_59\"> </span>457<span class=\"_ Seco7bq_45\"> </span>-5,397<span class=\"_ _1ce\" style=\"margin-left: 13px;\"> </span>101,692</div>\n<div class=\"t m8 xe hd Seco7bq_127 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in net assets of equity</div>\n<div class=\"t m8 xe hd Seco7bq_126 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees on</div>\n<div class=\"t m8 xe hd Seco7bq_125 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">January 1, 2022</div>\n<div class=\"t m8 Seco7bq_184 hd Seco7bq_126 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">65,025<span class=\"_ Seco7bq_60\"> </span>-10<span class=\"_ Seco7bq_45\"> </span>7,736<span class=\"_ _1ca\"> </span>8,650<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ Seco7bq_54\"> </span>4,930<span class=\"_ Seco7bq_57\"> </span>439<span class=\"_ Seco7bq_43\"> </span>-1,961<span class=\"_ Seco7bq_47\"> </span>84,809</div>\n<div class=\"t m8 xe hc Seco7bq_124 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in total comprehensive</div>\n<div class=\"t m8 xe hc Seco7bq_122 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">income</div>\n<div class=\"t m8 Seco7bq_185 hc Seco7bq_123 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">33,738<span class=\"_ Seco7bq_67\"> </span>-2<span class=\"_ Seco7bq_55\"> </span>-563<span class=\"_ Seco7bq_59\"> </span>813<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_73\"> </span>84<span class=\"_ Seco7bq_59\"> </span>186<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_47\"> </span>34,256</div>\n<div class=\"t m8 xe hc Seco7bq_121 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Decrease through business</div>\n<div class=\"t m8 xe hc Seco7bq_119 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">combinations\ue61e</div>\n<div class=\"t m8 Seco7bq_186 hc Seco7bq_120 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_45\"> </span>-7,173<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_54\"> </span>-4,379<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_44\" style=\"margin-left: 13px;\"> </span>-11,552</div>\n<div class=\"t m8 xe hc Seco7bq_118 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Dividends<span class=\"_ Seco7bq_92\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_45\"> </span>-1,581<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_63\"> </span>-337<span class=\"_ Seco7bq_55\"> </span>-161<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_49\" style=\"margin-left: 5px;\"> </span>-2,079</div>\n<div class=\"t m8 xe hc Seco7bq_117 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Foreign currency translation</div>\n<div class=\"t m8 xe hc Seco7bq_115 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">differences</div>\n<div class=\"t m8 Seco7bq_186 hc Seco7bq_116 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_63\"> </span>-298<span class=\"_ Seco7bq_67\"> </span>-7<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_61\"> </span>-305</div>\n<div class=\"t m8 xe hc Seco7bq_114 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other<span class=\"_ Seco7bq_93\"> </span>0<span class=\"_ Seco7bq_71\"> </span>4<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_88\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_76\"> </span>4</div>\n<div class=\"t m8 xe hd Seco7bq_113 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in net assets of equity</div>\n<div class=\"t m8 xe hd Seco7bq_112 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees on</div>\n<div class=\"t m8 xe hd Seco7bq_111 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2022</div>\n<div class=\"t m8 Seco7bq_184 hd Seco7bq_112 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">98,763<span class=\"_ Seco7bq_66\"> </span>-8<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ _1ca\"> </span>7,882<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ Seco7bq_76\"> </span>0<span class=\"_ Seco7bq_57\"> </span>457<span class=\"_ Seco7bq_42\"> </span>-1,961<span class=\"_ _1ce\"> </span>105,133</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_110 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Netting negative equity</div>\n<div class=\"t m8 Seco7bq_182 hc Seco7bq_108 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">and impairment</div>\n<div class=\"t m8 Seco7bq_186 hc Seco7bq_109 Seco7bq_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ Seco7bq_75\"> </span>0-<span class=\"_ Seco7bq_71\"> </span>0<span class=\"_ _1c5\"> </span>1,961<span class=\"_ Seco7bq_54\" style=\"margin-left: 13px;\"> </span>1,961</div>\n<div class=\"t m8 xe hd Seco7bq_107 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in net assets of equity</div>\n<div class=\"t m8 xe hd Seco7bq_106 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees on</div>\n<div class=\"t m8 xe hd Seco7bq_104 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2022, after</div>\n<div class=\"t m8 xe hd Seco7bq_103 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">netting negative equity</div>\n<div class=\"t m8 Seco7bq_184 hd Seco7bq_105 Seco7bq_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">98,751<span class=\"_ Seco7bq_66\"> </span>-8<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ _1ca\"> </span>7,882<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ Seco7bq_76\"> </span>0<span class=\"_ Seco7bq_57\"> </span>457<span class=\"_ Seco7bq_70\"> </span>0<span class=\"_ _1ce\"> </span>107,082</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 238px; height: 912px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m8 x75 hd y42f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Joint ventures<span class=\"_ _1c4\"> </span>Associates</div>\n<div class=\"t m8 x1 hd y430 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15; margin: 0 0 22px 0;\">(In thousands of USD)</div>\n<div class=\"t m8 x1 hd y430 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">JV partner</div>\n<div class=\"t m8 x76 h14 y431 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Seapeak<span class=\"_ _1e3\"> </span>MOL<span class=\"_ _1da\"> </span>Seapeak<span class=\"_ _a1\"> </span>ASS</div>\n<div class=\"t m8 x77 h14 y432 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Anglo-</div>\n<div class=\"t m8 x46 h14 y433 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 x26 h14 y434 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Eastern</div>\n<div class=\"t m8 x1 hd y435 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Ownership percentage<span class=\"_ _1e4\"> </span>50%<span class=\"_ _1c7\"> </span>50%<span class=\"_ _1c8\"> </span>50%<span class=\"_ _1c7\"> </span>50%<span class=\"_ _1c8\"> </span>50%<span class=\"_ _a1\"> </span>45%<span class=\"_ _1c8\"> </span>45%<span class=\"_ _1c7\"> </span>40%</div>\n<div class=\"t m8 x1 hd y436 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Entity</div>\n<div class=\"t m8 x78 h14 y437 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>otal</div>\n<div class=\"t m8 x76 h14 y438 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Seapeak</div>\n<div class=\"t m8 x79 h14 y437 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Monte-</div>\n<div class=\"t m8 x7a h14 y439 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">riggioni</div>\n<div class=\"t m8 x7b h14 y43a ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Solaia</div>\n<div class=\"t m8 x7c h14 y437 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 x6a h14 y439 ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Shipping</div>\n<div class=\"t m8 x7d h14 y43b ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Estrela Ltd<span class=\"_ _107\"> </span>AEX<span class=\"_ _1e5\"> </span>BEXCO<span class=\"_ _1ca\"> </span>Marpos</div>\n<div class=\"t m8 x7e h14 y43c ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>otal</div>\n<div class=\"t m8 x4f h14 y43b ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Wariboko</div>\n<div class=\"t m8 x2a h14 y43d ff2 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">companies</div>\n<div class=\"t m8 xa hd y43e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">TOT<span class=\"_ _1\"></span>AL</div>\n<div class=\"t m8 x1 hc y43f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non current assets<span class=\"_ _1cc\"> </span>621,033<span class=\"_ _1d1\"> </span>0<span class=\"_ _1c0\"> </span>30,127<span class=\"_ _1c0\"> </span>13,161<span class=\"_ _1d1\"> </span>0<span class=\"_ _1d2\"> </span>6,664<span class=\"_ _107\"> </span>355<span class=\"_ _1c5\"> </span>7,630<span class=\"_ _1ce\"> </span><span class=\"ff2\">678,970</span></div>\n<div class=\"t m8 x1 hc y440 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current assets<span class=\"_ _1a4\"> </span>86,195<span class=\"_ _1c5\"> </span>4,693<span class=\"_ _1c5\"> </span>4,475<span class=\"_ _1c5\"> </span>5,659<span class=\"_ _eb\"> </span>0<span class=\"_ _1c7\"> </span>18,958<span class=\"_ _1c5\"> </span>1,297<span class=\"_ _1c5\"> </span>7,507<span class=\"_ _1ce\"> </span><span class=\"ff2\">128,784</span></div>\n<div class=\"t m8 x1f hc y441 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which cash and cash</div>\n<div class=\"t m8 x1f hc y442 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">equivalents</div>\n<div class=\"t m8 x7f hc y443 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">54,474<span class=\"_ _1c5\"> </span>4,693<span class=\"_ _1c5\"> </span>4,263<span class=\"_ _1c5\"> </span>5,626<span class=\"_ _1d1\"> </span>0<span class=\"_ _ac\"> </span>228<span class=\"_ _1cd\"> </span>942<span class=\"_ _107\"> </span>218<span class=\"_ _1c7\"> </span>70,444</div>\n<div class=\"t m8 x1 hc y444 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Non current liabilities<span class=\"_ _8e\"> </span>507,258<span class=\"_ _1c5\"> </span>4,693<span class=\"_ _1c5\"> </span>7,500<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d2\"> </span>3,478<span class=\"_ _eb\"> </span>0<span class=\"_ _1c5\"> </span>1,015<span class=\"_ _1ce\"> </span><span class=\"ff2\">523,944</span></div>\n<div class=\"t m8 x1f hc y445 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which bank borrowings<span class=\"_ _1d0\"> </span>253,137<span class=\"_ _1d1\"> </span>0<span class=\"_ _1c5\"> </span>7,500<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d2\"> </span>3,063<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _1ca\"> </span>263,700</div>\n<div class=\"t m8 x1f hc y446 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which \ufb01nance leases<span class=\"_ _13e\"> </span>174,734<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1cf\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _1ca\"> </span>174,734</div>\n<div class=\"t m8 x1f hc y447 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which other borrowings<span class=\"_ _1c3\"> </span>49,531<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1cf\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1c7\"> </span>49,531</div>\n<div class=\"t m8 x1 hc y448 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current liabilities<span class=\"_ _10b\"> </span>99,777<span class=\"_ _e5\"> </span>20<span class=\"_ _1e6\"> </span>11,630<span class=\"_ _1c5\"> </span>1,520<span class=\"_ _1d1\"> </span>0<span class=\"_ _1c7\"> </span>11,167<span class=\"_ _1cd\"> </span>676<span class=\"_ _1c0\"> </span>21,057<span class=\"_ _1ce\"> </span><span class=\"ff2\">145,847</span></div>\n<div class=\"t m8 x1f hc y449 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which bank borrowings<span class=\"_ _ff\"> </span>26,233<span class=\"_ _1d1\"> </span>0<span class=\"_ _1c0\"> </span>10,000<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _8b\"> </span>894<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1c7\"> </span>37,127</div>\n<div class=\"t m8 x1f hc y44a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which \ufb01nance leases<span class=\"_ _1e7\"> </span>32,071<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _126\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1c7\"> </span>32,071</div>\n<div class=\"t m8 x1f hc y44b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of which other borrowings<span class=\"_ _1c3\"> </span>15,000<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1cf\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1c5\"> </span>9,848<span class=\"_ _1c7\"> </span>24,848</div>\n<div class=\"t m8 x3 hc y44c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ _1d4\"> </span>0</div>\n<div class=\"t m8 x1 hc y44d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Revenue<span class=\"_ _81\"> </span>173,777<span class=\"_ _eb\"> </span>0<span class=\"_ _1e6\"> </span>21,687<span class=\"_ _1c0\"> </span>10,401<span class=\"_ _1d1\"> </span>0<span class=\"_ _1c7\"> </span>48,424<span class=\"_ _1c5\"> </span>2,128<span class=\"_ _1c5\"> </span>5,075<span class=\"_ _1ce\"> </span><span class=\"ff2\">261,492</span></div>\n<div class=\"t m8 x1 hc y44e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Depreciation and amortization<span class=\"_ _1e6\"> </span>56,144<span class=\"_ _eb\"> </span>0<span class=\"_ _1c5\"> </span>3,705<span class=\"_ _1c5\"> </span>1,750<span class=\"_ _eb\"> </span>0<span class=\"_ _8b\"> </span>889<span class=\"_ _a8\"> </span>72<span class=\"_ _1c5\"> </span>2,293<span class=\"_ _1d5\"> </span><span class=\"ff2\">64,853</span></div>\n<div class=\"t m8 x1 hc y44f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairment (reversal)<span class=\"_ _44\"> </span>-6,400<span class=\"_ _1d1\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _db\"> </span>-72<span class=\"_ _eb\"> </span>0<span class=\"_ _1c5\"> </span>1,925<span class=\"_ _1de\"> </span><span class=\"ff2\">-4,547</span></div>\n<div class=\"t m8 x1 hc y450 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest income<span class=\"_ _b\"> </span>439<span class=\"_ _eb\"> </span>0<span class=\"_ _8b\"> </span>-7<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1cf\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _a8\"> </span><span class=\"ff2\">432</span></div>\n<div class=\"t m8 x1 hc y451 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest expense<span class=\"_ _1d8\"> </span>21,263<span class=\"_ _1d1\"> </span>0<span class=\"_ _1c5\"> </span>1,204<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _8b\"> </span>155<span class=\"_ _a8\"> </span>10<span class=\"_ _1c5\"> </span>1,177<span class=\"_ _1d5\"> </span><span class=\"ff2\">23,809</span></div>\n<div class=\"t m8 x1 hc y452 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Income tax expense<span class=\"_ _1e8\"> </span>115<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _ac\"> </span>547<span class=\"_ _1cd\"> </span>112<span class=\"_ _eb\"> </span>0<span class=\"_ _a8\"> </span><span class=\"ff2\">774</span></div>\n<div class=\"t m8 x1 hd y453 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Pro\ufb01t or (loss) fr<span class=\"_ _3\"></span>om</div>\n<div class=\"t m8 x1 hd y454 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">continuing operations</div>\n<div class=\"t m8 x80 hd y455 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">34,434<span class=\"_ _1da\"> </span>-1,247<span class=\"_ _18c\"> </span>11,460<span class=\"_ _1ca\"> </span>1,708<span class=\"_ _1e1\"> </span>182<span class=\"_ _1d7\"> </span>2,233<span class=\"_ _13e\"> </span>307<span class=\"_ _1d9\"> </span>-6,603<span class=\"_ _ff\"> </span>42,474</div>\n<div class=\"t m8 x1 hc y456 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other comprehensive income<span class=\"_ _87\"> </span>1,521<span class=\"_ _eb\"> </span>0<span class=\"_ _1cd\"> </span>596<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1cf\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d7\"> </span><span class=\"ff2\">2,117</span></div>\n<div class=\"t m8 x1 hd y457 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal comprehensive income<span class=\"_ _1da\"> </span>35,955<span class=\"_ _1da\"> </span>-1,247<span class=\"_ _cb\"> </span>12,056<span class=\"_ _1ca\"> </span>1,708<span class=\"_ _1e1\"> </span>182<span class=\"_ _1d7\"> </span>2,233<span class=\"_ _1e1\"> </span>307<span class=\"_ _1da\"> </span>-6,603<span class=\"_ _1d5\"> </span>44,591</div>\n<div class=\"t m8 x81 hc y458 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0</div>\n<div class=\"t m8 x1 hd y459 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net assets (100%)<span class=\"_ _9b\"> </span>130,049<span class=\"_ _107\"> </span>-20<span class=\"_ _18c\"> </span>15,472<span class=\"_ _18c\"> </span>17,300<span class=\"_ _195\"> </span>0<span class=\"_ _1d5\"> </span>10,977<span class=\"_ _1e1\"> </span>976<span class=\"_ _1da\"> </span>-5,920<span class=\"_ _1ce\"> </span>168,834</div>\n<div class=\"t m8 x1 hc y45a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR share in net assets<span class=\"_ _a8\"> </span>65,025<span class=\"_ _a1\"> </span>-10<span class=\"_ _1c5\"> </span>7,736<span class=\"_ _1c5\"> </span>8,650<span class=\"_ _1d1\"> </span>0<span class=\"_ _1d2\"> </span>4,930<span class=\"_ _107\"> </span>439<span class=\"_ _1e0\"> </span>-2,368<span class=\"_ _1d5\"> </span><span class=\"ff2\">84,401</span></div>\n<div class=\"t m8 x1 hd y45b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in net assets of equity</div>\n<div class=\"t m8 x1 hd y45c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees on</div>\n<div class=\"t m8 x1 hd y45d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">January 1, 2021</div>\n<div class=\"t m8 x80 hd y45c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">47,086<span class=\"_ _1e1\"> </span>614<span class=\"_ _1ca\"> </span>1,708<span class=\"_ _1e0\"> </span>7,796<span class=\"_ _1c8\"> </span>-224<span class=\"_ _1d7\"> </span>4,605<span class=\"_ _13e\"> </span>444<span class=\"_ _1e1\"> </span>680<span class=\"_ _1d5\"> </span>62,709</div>\n<div class=\"t m8 x1 hc y45e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in total compr<span class=\"_ _3\"></span>ehensive</div>\n<div class=\"t m8 x1 hc y45f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">income</div>\n<div class=\"t m8 x76 hc y460 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">17,978<span class=\"_ _1d7\"> </span>-624<span class=\"_ _1c5\"> </span>6,028<span class=\"_ _107\"> </span>854<span class=\"_ _a8\"> </span>91<span class=\"_ _1d2\"> </span>1,003<span class=\"_ _107\"> </span>138<span class=\"_ _1e0\"> </span>-2,641<span class=\"_ _1d5\"> </span><span class=\"ff2\">22,827</span></div>\n<div class=\"t m8 x1 hc y461 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Dividends<span class=\"_ _10d\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _89\"> </span>-277<span class=\"_ _1d7\"> </span>-103<span class=\"_ _eb\"> </span>0<span class=\"_ _a1\"> </span><span class=\"ff2\">-379</span></div>\n<div class=\"t m8 x1 hc y462 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Foreign curr<span class=\"_ _3\"></span>ency translation</div>\n<div class=\"t m8 x1 hc y463 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">differ<span class=\"_ _3\"></span>ences</div>\n<div class=\"t m8 x3 hc y464 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _89\"> </span>-401<span class=\"_ _a1\"> </span>-40<span class=\"_ _eb\"> </span>0<span class=\"_ _a1\"> </span><span class=\"ff2\">-441</span></div>\n<div class=\"t m8 x1 hc y465 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other<span class=\"_ _1e9\"> </span>-39<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1cd\"> </span>133<span class=\"_ _126\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _9d\"> </span><span class=\"ff2\">94</span></div>\n<div class=\"t m8 x1 hd y466 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in net assets of equity</div>\n<div class=\"t m8 x1 hd y467 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees on</div>\n<div class=\"t m8 x1 hd y468 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2021</div>\n<div class=\"t m8 x80 hd y467 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">65,024<span class=\"_ _f9\"> </span>-10<span class=\"_ _1ca\"> </span>7,736<span class=\"_ _1e0\"> </span>8,650<span class=\"_ _1d1\"> </span>0<span class=\"_ _fe\"> </span>4,930<span class=\"_ _1e1\"> </span>439<span class=\"_ _1d9\"> </span>-1,961<span class=\"_ _ff\"> </span>84,809</div>\n<div class=\"t m8 x1f hc y469 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Netting negative equity<span class=\"_ _8e\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1d1\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1cf\"> </span>0<span class=\"_ _eb\"> </span>0<span class=\"_ _1c5\"> </span>1,961<span class=\"_ _1d7\"> </span><span class=\"ff2\">1,961</span></div>\n<div class=\"t m8 x1 hd y46a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share in net assets of equity</div>\n<div class=\"t m8 x1 hd y46b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees on</div>\n<div class=\"t m8 x1 hd y46c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2021, after</div>\n<div class=\"t m8 x1 hd y46d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">netting negative equity</div>\n<div class=\"t m8 x80 hd y46e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">65,014<span class=\"_ _f9\"> </span>-10<span class=\"_ _1ca\"> </span>7,736<span class=\"_ _1e0\"> </span>8,650<span class=\"_ _1d1\"> </span>0<span class=\"_ _fe\"> </span>4,930<span class=\"_ _1e1\"> </span>439<span class=\"_ _1d1\"> </span>0<span class=\"_ _ff\"> </span>86,760</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 168px; height: 982px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1 h11 y42 ff2 fsb fc3 sc0 ls57 ws61\" style=\"z-index: 15;\">NOTE 3<span class=\"_ _1\"></span>7<span class=\"_ _4\"></span> - GROUP ENTITIES</div>\n<div class=\"t m8 x1 hd y666 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">CONSOLIDA<span class=\"_ _1\"></span>TED COMP<span class=\"_ _1\"></span>ANIES</div>\n<div class=\"t m8 xaf hd y667 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Country of  </div>\n<div class=\"t m8 x10 hd y668 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">incorporation</div>\n<div class=\"t m8 x77 hd y667 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Consolidation <span class=\"_ _179\"></span> </div>\n<div class=\"t m8 xbb hd y668 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">method</div>\n<div class=\"t m8 xbc hd y669 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Ownership</div>\n<div class=\"t m8 xbc hd y66a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _7a\"> </span>2021</div>\n<div class=\"t m8 x1 hd y66b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Joint ventures</div>\n<div class=\"t m8 x1 hc y66c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Estrela Ltd<span class=\"_ _62\"> </span>Hong Kong<span class=\"_ _a8\"> </span>Equity<span class=\"_ _1cc\"> </span>50.00%<span class=\"_ _9c\"> </span>50.00%</div>\n<div class=\"t m8 x1 hc y66d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Gas Shipping Ltd<span class=\"_ _1b5\"> </span>Hong Kong<span class=\"_ _a8\"> </span>Equity<span class=\"_ _10\"> </span>50.00%<span class=\"_ _1bf\"> </span>50.00%</div>\n<div class=\"t m8 x1 hc y66e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR LPG BV<span class=\"_ _256\"> </span>Belgium<span class=\"_ _14d\"> </span>Equity<span class=\"_ _10\"> </span>50.00%<span class=\"_ _9c\"> </span>50.00%</div>\n<div class=\"t m8 x1 hc y66f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Shipping BV<span class=\"_ _207\"> </span>Belgium<span class=\"_ _14d\"> </span>Equity<span class=\"_ _10\"> </span>50.00%<span class=\"_ _1bf\"> </span>50.00%</div>\n<div class=\"t m8 x1 hc y670 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Good Investment Ltd\u2005<span class=\"_ _c1\"> </span>Hong Kong<span class=\"_ _a8\"> </span>Equity<span class=\"_ _10\"> </span>50.00%<span class=\"_ _1bf\"> </span>50.00%</div>\n<div class=\"t m8 x1 hc y671 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Monteriggioni Inc<span class=\"_ _257\"> </span>Liberia<span class=\"_ _2e\"> </span>Equity<span class=\"_ _10\"> </span>50.00%<span class=\"_ _1bf\"> </span>50.00%</div>\n<div class=\"t m8 x1 hd y672 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Associates</div>\n<div class=\"t m8 x1 hc y673 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Electra Offshor<span class=\"_ _3\"></span>e Ltd<span class=\"_ _16b\"> </span>Hong Kong<span class=\"_ _e5\"> </span>Equity<span class=\"_ _10\"> </span>40.00%<span class=\"_ _1bf\"> </span>40.00%</div>\n<div class=\"t m8 x1 hc y674 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exview Hong Kong Ltd<span class=\"_ _1e\"> </span>Hong Kong<span class=\"_ _a8\"> </span>Equity<span class=\"_ _10\"> </span>40.00%<span class=\"_ _1bf\"> </span>40.00%</div>\n<div class=\"t m8 x1 hc y675 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Marpos NV<span class=\"_ _258\"> </span>Belgium<span class=\"_ _14d\"> </span>Equity<span class=\"_ _10\"> </span>45.00%<span class=\"_ _9c\"> </span>45.00%</div>\n<div class=\"t m8 x1 hc y676 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Springmarine Nigeria Ltd<span class=\"_ _215\"> </span>Nigeria<span class=\"_ _df\"> </span>Equity<span class=\"_ _1cc\"> </span>40.00%<span class=\"_ _9c\"> </span>40.00%</div>\n<div class=\"t m8 x1 hd y677 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Subsidiaries</div>\n<div class=\"t m8 x1 hc y678 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Ahlmar Germany GmbH<span class=\"_ _f0\"> </span>Germany<span class=\"_ _b1\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _bb\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y679 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bexco NV (1)<span class=\"_ _237\"> </span>Belgium<span class=\"_ _126\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _1bf\"> </span>44.91%</div>\n<div class=\"t m8 x1 hc y67a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">DV Offshor<span class=\"_ _3\"></span>e SAS<span class=\"_ _259\"> </span>France<span class=\"_ _8e\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _bb\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y67b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ECOS SRL<span class=\"_ _25a\"> </span>Italy<span class=\"_ _9b\"> </span>Full<span class=\"_ _15\"> </span>60.00%<span class=\"_ _1bf\"> </span>60.00%</div>\n<div class=\"t m8 x1 hc y67c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Argentina<span class=\"_ _84\"> </span>Argentina<span class=\"_ _1e2\"> </span>Full<span class=\"_ _c3\"> </span>100.00%<span class=\"_ _ac\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y67d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Energy Hong Kong Ltd<span class=\"_ _71\"> </span>Hong Kong<span class=\"_ _5b\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y67e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Energy Netherlands BV<span class=\"_ _25c\"> </span>Netherlands<span class=\"_ _195\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y67f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Energy Services BV<span class=\"_ _116\"> </span>Netherlands<span class=\"_ _195\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y680 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Export Netherlands\u2005<span class=\"_ _1f0\"> </span>Netherlands<span class=\"_ _195\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y681 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR FSRU Hong Kong Ltd\u2005<span class=\"_ _25d\"> </span>Hong Kong<span class=\"_ _5b\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _bb\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y682 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Holdings Ltd<span class=\"_ _25e\"> </span>Liberia<span class=\"_ _8e\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y683 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Hong Kong Ltd<span class=\"_ _da\"> </span>Hong Kong<span class=\"_ _5b\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y684 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR LPG Holding BV<span class=\"_ _1e\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y685 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR LNG Investments Ltd<span class=\"_ _25f\"> </span>Liberia<span class=\"_ _8e\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y686 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Lux SA<span class=\"_ _9f\"> </span>Luxembourg<span class=\"_ _bb\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _bb\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y687 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Marine NV<span class=\"_ _84\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y688 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Netherlands BV<span class=\"_ _260\"> </span>Netherlands<span class=\"_ _195\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y689 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR NV<span class=\"_ _258\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y68a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Offshor<span class=\"_ _3\"></span>e Company<span class=\"_ _da\"> </span>USA<span class=\"_ _52\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y68b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Offshor<span class=\"_ _3\"></span>e Ltd<span class=\"_ _24d\"> </span>Bermuda<span class=\"_ _b1\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y68c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Offshor<span class=\"_ _3\"></span>e Services SA<span class=\"_ _1f5\"> </span>Luxembour<span class=\"_ _3\"></span>g<span class=\"_ _bb\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y68d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Offshor<span class=\"_ _3\"></span>e BV<span class=\"_ _25e\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y68e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Singapore Pte Ltd<span class=\"_ _123\"> </span>Singapore<span class=\"_ _1bf\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _bb\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y68f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Shipmanagement BV<span class=\"_ _116\"> </span>Belgium<span class=\"_ _126\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y690 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Shipmanagement India Private Ltd<span class=\"_ _f6\"> </span>India<span class=\"_ _1a7\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y691 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Shipping USA Inc<span class=\"_ _86\"> </span>USA<span class=\"_ _52\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y692 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Small Scale LPG NL BV<span class=\"_ _261\"> </span>Netherlands<span class=\"_ _195\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y693 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Small Scale LPG HK Ltd<span class=\"_ _1c4\"> </span>Hong Kong<span class=\"_ _9d\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _bb\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y694 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Small Scale LPG BE BV<span class=\"_ _1a8\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y695 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR (UK) Shipping Company Ltd<span class=\"_ _f1\"> </span>Great-Britain<span class=\"_ _25b\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y696 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR VLGC BV\u2005<span class=\"_ _262\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y697 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR VLGC Netherlands BV<span class=\"_ _10d\"> </span>Netherlands<span class=\"_ _195\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y698 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Y<span class=\"_ _1\"></span>achting BV<span class=\"_ _263\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y699 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Export LNG Ltd</div>\n<div class=\"t m35b xbd h16 y69a ff6 fsf fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> (2)</div>\n<div class=\"t m8 xaf hc y69b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Hong Kong<span class=\"_ _5b\"> </span>Full<span class=\"_ _219\"> </span>-<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y69c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Franship Offshor<span class=\"_ _3\"></span>e Lux SA<span class=\"_ _e2\"> </span>Luxembourg<span class=\"_ _db\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y69d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Internationaal Maritiem Agentschap NV<span class=\"_ _bd\"> </span>Belgium<span class=\"_ _126\"> </span>Full<span class=\"_ _27\"> </span>99.03%<span class=\"_ _9c\"> </span>99.03%</div>\n<div class=\"t m8 x1 hc y69e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Seavie Caribean Ltd Jamaica<span class=\"_ _114\"> </span>Jamaica<span class=\"_ _b0\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y69f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Seavie Private Ltd<span class=\"_ _236\"> </span>India<span class=\"_ _64\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y6a0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Solaia Shipping Llc</div>\n<div class=\"t m35b xbe h16 y6a1 ff6 fsf fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> (1)</div>\n<div class=\"t m8 x24 hc y6a2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Liberia<span class=\"_ _8e\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _9c\"> </span>50.00%</div>\n<div class=\"t m8 x1 hc y6a3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>ecto Cyprus Ltd<span class=\"_ _259\"> </span>Cyprus<span class=\"_ _7a\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y6a4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>ecto Luxembourg SA<span class=\"_ _1e\"> </span>Luxembourg<span class=\"_ _db\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y6a5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ravel Plus BV<span class=\"_ _6a\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 h14 y6a6 ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(1) <span class=\"_ _c7\"> </span>Change in shareholdership \u2013 we refer to Note 5 Business combinations and share deals for additional information.</div>\n<div class=\"t m8 x1 h14 y6a7 ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(2) <span class=\"_ _c7\"> </span>Sold \u2013 we refer to Note 4 Divestitures.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 86px; height: 1053px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 86px; height: 1053px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 86px; height: 1053px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag411": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 xe h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 1<span class=\"_ _179\"></span>9 - BORRO<span class=\"_ _3\"></span>WINGS T<span class=\"_ _1\"></span>O EQUIT<span class=\"_ _4\"></span>Y A<span class=\"_ _3\"></span>C<span class=\"_ _3\"></span>C<span class=\"_ _3\"></span>OUNTED INVESTEES</div>\n<div class=\"t m8 xe hd y46f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _1ea\"> </span>Shipping<span class=\"_ _1cd\"> </span>Infrastructure</div>\n<div class=\"t m8 x82 hd y470 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Supporting</div>\n<div class=\"t m8 x83 hd y471 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">services</div>\n<div class=\"t m8 x5b hd y46f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 xe hd y472 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As per January 1, 2021<span class=\"_ _10d\"> </span>42,259<span class=\"_ _1eb\"> </span>7,876<span class=\"_ _bf\"> </span>152<span class=\"_ _54\"> </span>50,287</div>\n<div class=\"t m8 x1b hc y473 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">New loans and borrowings<span class=\"_ _a4\"> </span>0<span class=\"_ _25\"> </span>590<span class=\"_ _20\"> </span>0<span class=\"_ _59\"> </span><span class=\"ff2\">590</span></div>\n<div class=\"t m8 x1b hc y474 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Repayments<span class=\"_ _ad\"> </span>-10,000<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _52\"> </span><span class=\"ff2\">-10,000</span></div>\n<div class=\"t m8 x1b hc y475 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Write-of<span class=\"_ _3\"></span>f<span class=\"_ _108\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _4c\"> </span>-376<span class=\"_ _5d\"> </span><span class=\"ff2\">-376</span></div>\n<div class=\"t m8 x1b hc y476 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Change in allocated negative net</div>\n<div class=\"t m8 x1b hc y477 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">assets (1)</div>\n<div class=\"t m8 x84 hc y478 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ _4c\"> </span>-559<span class=\"_ _25\"> </span>224<span class=\"_ _5d\"> </span><span class=\"ff2\">-335</span></div>\n<div class=\"t m8 xe hd y479 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As per December 31, 2021<span class=\"_ _ce\"> </span>32,260<span class=\"_ _46\"> </span>7,907<span class=\"_ _1ec\"> </span>0<span class=\"_ _54\"> </span>40,167</div>\n<div class=\"t m8 x1b hc y47a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">More than 1 year<span class=\"_ _1ed\"> </span>24,760<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _54\"> </span><span class=\"ff2\">24,760</span></div>\n<div class=\"t m8 x1b hc y47b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Less than 1 year<span class=\"_ _e3\"> </span>7,500<span class=\"_ _27\"> </span>7,907<span class=\"_ _20\"> </span>0<span class=\"_ _54\"> </span><span class=\"ff2\">15,407</span></div>\n<div class=\"t m8 xe hd y47c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As per January 1, 2022<span class=\"_ _10d\"> </span>32,260<span class=\"_ _1eb\"> </span>7,907<span class=\"_ _1ec\"> </span>0<span class=\"_ _54\"> </span>40,167</div>\n<div class=\"t m8 x1b hc y47d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">New loans and borrowings<span class=\"_ _1ee\"> </span>20,000<span class=\"_ _1a\"> </span>21,085<span class=\"_ _20\"> </span>0<span class=\"_ _54\"> </span><span class=\"ff2\">41,085</span></div>\n<div class=\"t m8 x1b hc y47e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Elimination after share deal (2)<span class=\"_ _1ef\"> </span>0<span class=\"_ _44\"> </span>-20,195<span class=\"_ _20\"> </span>0<span class=\"_ _52\"> </span><span class=\"ff2\">-20,195</span></div>\n<div class=\"t m8 x1b hc y47f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Accrued interest<span class=\"_ _196\"> </span>0<span class=\"_ _27\"> </span>2,491<span class=\"_ _20\"> </span>0<span class=\"_ _144\"> </span><span class=\"ff2\">2,491</span></div>\n<div class=\"t m8 x1b hc y480 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Repayments<span class=\"_ _ad\"> </span>-52,260<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _52\"> </span><span class=\"ff2\">-52,260</span></div>\n<div class=\"t m8 x1b hc y481 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairment<span class=\"_ _9f\"> </span>0<span class=\"_ _46\"> </span>-4,288<span class=\"_ _20\"> </span>0<span class=\"_ _10\"> </span><span class=\"ff2\">-4,288</span></div>\n<div class=\"t m8 x1b hc y482 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Change in allocated negative net</div>\n<div class=\"t m8 x1b hc y483 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">assets (1)</div>\n<div class=\"t m8 x84 hc y484 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _1ec\"> </span><span class=\"ff2\">0</span></div>\n<div class=\"t m8 xe hd y485 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As per December 31, 2022<span class=\"_ _1f0\"> </span>0<span class=\"_ _46\"> </span>7,000<span class=\"_ _1ec\"> </span>0<span class=\"_ _46\"> </span>7,000</div>\n<div class=\"t m8 x1b hc y486 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">More than 1 year<span class=\"_ _be\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _1ec\"> </span><span class=\"ff2\">0</span></div>\n<div class=\"t m8 x1b hc y487 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Less than 1 year<span class=\"_ _16b\"> </span>0<span class=\"_ _27\"> </span>7,000<span class=\"_ _20\"> </span>0<span class=\"_ _46\"> </span><span class=\"ff2\">7,000</span></div>\n<div class=\"t m8 xe h14 y488 ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(1) <span class=\"_ _c7\"> </span>The equity accounted investees for whom the share in the net assets is negative, are allocated to other components of the investor\u2019<span class=\"_ _2\"></span>s interest in the equity</div>\n<div class=\"t m8 x3e h14 y489 ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investee (i.e. primarily deducted from receivables) if such components exists. In case the negative net asset exceeds the investor\u2019<span class=\"_ _2\"></span>s interest, a</div>\n<div class=\"t m8 x3e h14 y48a ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">corresponding liability is recognized only to the extent that the Gr<span class=\"_ _3\"></span>oup has a legal or constructive obligation. In total, an amount of USD 2.0 million was netted</div>\n<div class=\"t m8 x3e h14 y48b ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">in respect of negative net assets at year<span class=\"_ _1\"></span>-end 2021.</div>\n<div class=\"t m8 xe h14 y48c ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(2) <span class=\"_ _c7\"> </span>During 2022, EXMAR granted a new loan to Solaia Shipping LLC, which at that time was still an equity accounted investee. Upon obtaining 100% of the shares</div>\n<div class=\"t m8 x3e h14 y48d ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">and control of this entity (see Note 5 Other share deals), this intra gr<span class=\"_ _3\"></span>oup loan is eliminated.</div>\n<div class=\"t m194 xe hb y9e ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">The activities and assets of certain of our equity accounted investees are \ufb01nanced through shareholder borrowings<span class=\"_ _4\"></span> </div>\n<div class=\"t m2c6 xe hb y9f ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">made by the Company to the respective equity accounted investees. Such long term borrowings granted are in</div>\n<div class=\"t m137 xe hb yc5 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">substance part of the net investment in an associate or joint venture and any expected credit losses are accounted</div>\n<div class=\"t m8 xe hb ya0 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">for before allocating negative net assets. Dur<span class=\"_ _4\"></span>in<span class=\"_ _4\"></span>g 2022, E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R rec<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>ed an i<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t char<span class=\"_ _4\"></span>ge of USD 4.<span class=\"_ _4\"></span>3 millio<span class=\"_ _4\"></span>n</div>\n<div class=\"t m2c7 xe hb ya1 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">(2021<span class=\"_ _1\"></span>: non<span class=\"_ _4\"></span>e) and di<span class=\"_ _4\"></span>d not allo<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ate any ne<span class=\"_ _4\"></span>gati<span class=\"_ _4\"></span>ve net a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s, wh<span class=\"_ _4\"></span>ile in 2021 USD 0.6 mill<span class=\"_ _4\"></span>ion w<span class=\"_ _4\"></span>as de<span class=\"_ _4\"></span>duc<span class=\"_ _7\"></span>ted f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>he b<span class=\"_ _4\"></span>or<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb ya2 ff1 fs9 fc2 sc0 ls2 ws3a\" style=\"z-index: 15;\">row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s given t<span class=\"_ _4\"></span>o eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s. T<span class=\"_ _4\"></span>he bal<span class=\"_ _4\"></span>ance<span class=\"_ _4\"></span>s me<span class=\"_ _4\"></span>ntio<span class=\"_ _4\"></span>ned b<span class=\"_ _4\"></span>elo<span class=\"_ _4\"></span>w rep<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ent t<span class=\"_ _4\"></span>he o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>ng bal<span class=\"_ _4\"></span>ance<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb y48e ff1 fs9 fc2 sc0 ls13 wsc\" style=\"z-index: 15;\">including net<span class=\"_ _4\"></span>ting of negative net asset<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m0 xe h6 y48f ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMAR LP<span class=\"_ _4\"></span>G (Shipp<span class=\"_ _4\"></span>ing s<span class=\"_ _4\"></span>egm<span class=\"_ _4\"></span>ent) USD 0 m<span class=\"_ _4\"></span>illi<span class=\"_ _4\"></span>on (202<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>: USD 3<span class=\"_ _3\"></span>2.3 mi<span class=\"_ _4\"></span>llio<span class=\"_ _4\"></span>n)</div>\n<div class=\"t m2c8 xe hb ya7 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Bot<span class=\"_ _4\"></span>h sha<span class=\"_ _4\"></span>reh<span class=\"_ _4\"></span>old<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s have gr<span class=\"_ _4\"></span>ant<span class=\"_ _4\"></span>ed s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>hol<span class=\"_ _4\"></span>der l<span class=\"_ _4\"></span>oan<span class=\"_ _4\"></span>s to E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R LPG i<span class=\"_ _4\"></span>n 201<span class=\"_ _1\"></span>3. Full re<span class=\"_ _4\"></span>paym<span class=\"_ _4\"></span>ent o<span class=\"_ _4\"></span>cc<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>red i<span class=\"_ _4\"></span>n 2022. Th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb yc6 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ap<span class=\"_ _4\"></span>plic<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate o<span class=\"_ _4\"></span>n the<span class=\"_ _4\"></span>se l<span class=\"_ _4\"></span>oans a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d to thr<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>mont<span class=\"_ _4\"></span>h LIB<span class=\"_ _4\"></span>OR plu<span class=\"_ _4\"></span>s 0.5%.</div>\n<div class=\"t m0 xe h6 y490 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Ele<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ra O<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fs<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>re Ltd (Inf<span class=\"_ _4\"></span>ras<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ruc<span class=\"_ _7\"></span>tur<span class=\"_ _4\"></span>e seg<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt) USD 7<span class=\"_ _2\"></span>.0 milli<span class=\"_ _4\"></span>on (202<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>: USD 7<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>9 mi<span class=\"_ _4\"></span>llio<span class=\"_ _4\"></span>n)</div>\n<div class=\"t m2c9 xe hb yab ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R Net<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>lan<span class=\"_ _4\"></span>ds BV ha<span class=\"_ _4\"></span>s gr<span class=\"_ _4\"></span>ante<span class=\"_ _4\"></span>d a loa<span class=\"_ _4\"></span>n to Elec<span class=\"_ _7\"></span>tr<span class=\"_ _4\"></span>a O<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>sho<span class=\"_ _4\"></span>re Ltd i<span class=\"_ _4\"></span>n 201<span class=\"_ _1\"></span>6. Th<span class=\"_ _4\"></span>e loa<span class=\"_ _4\"></span>n is rep<span class=\"_ _4\"></span>aid b<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d on av<span class=\"_ _4\"></span>ailab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y</div>\n<div class=\"t m2ca xe hb yac ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">of c<span class=\"_ _4\"></span>ash a<span class=\"_ _4\"></span>nd ac<span class=\"_ _4\"></span>cum<span class=\"_ _4\"></span>ulate<span class=\"_ _4\"></span>s inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t. T<span class=\"_ _4\"></span>he int<span class=\"_ _4\"></span>eres<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate a<span class=\"_ _4\"></span>ppli<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>ble o<span class=\"_ _4\"></span>n the l<span class=\"_ _4\"></span>oan i<span class=\"_ _4\"></span>s a \ufb01xed p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>cent<span class=\"_ _4\"></span>ag<span class=\"_ _4\"></span>e of 1<span class=\"_ _1\"></span>2.0%<span class=\"_ _4\"></span>. Dur<span class=\"_ _4\"></span>in<span class=\"_ _4\"></span>g</div>\n<div class=\"t m2cb xe hb yad ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">2022, th<span class=\"_ _4\"></span>e acc<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s were a<span class=\"_ _4\"></span>dd<span class=\"_ _4\"></span>ed to t<span class=\"_ _4\"></span>he ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>ng loa<span class=\"_ _4\"></span>n bala<span class=\"_ _4\"></span>nce a<span class=\"_ _4\"></span>nd col<span class=\"_ _4\"></span>lec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y w<span class=\"_ _4\"></span>as re<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>ses<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ed. T<span class=\"_ _4\"></span>he</div>\n<div class=\"t m8 xe hb yc8 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">bala<span class=\"_ _4\"></span>nce h<span class=\"_ _4\"></span>as be<span class=\"_ _4\"></span>en re<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>ced to i<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s ex<span class=\"_ _4\"></span>pec<span class=\"_ _7\"></span>ted r<span class=\"_ _4\"></span>ecove<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ble a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt, wh<span class=\"_ _4\"></span>ich is t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue of t<span class=\"_ _4\"></span>he pl<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ge on t<span class=\"_ _4\"></span>he u<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r<span class=\"ws2\">-</span></div>\n<div class=\"t m8 xe hb yae ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">lyi<span class=\"_ _4\"></span>ng as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t. We als<span class=\"_ _4\"></span>o refe<span class=\"_ _4\"></span>r to Note 32 Fi<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cial r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks an<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>ncial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 278px; height: 861px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 278px; height: 861px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 278px; height: 861px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "exmar:DisclosureOfBorrowingsToInvestmentAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag408": {
   "value": "\n<div class=\"t m0 xe h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 1<span class=\"_ _179\"></span>9 - BORRO<span class=\"_ _3\"></span>WINGS T<span class=\"_ _1\"></span>O EQUIT<span class=\"_ _4\"></span>Y A<span class=\"_ _3\"></span>C<span class=\"_ _3\"></span>C<span class=\"_ _3\"></span>OUNTED INVESTEES</div>\n<div class=\"t m8 xe hd y46f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _1ea\"> </span>Shipping<span class=\"_ _1cd\"> </span>Infrastructure</div>\n<div class=\"t m8 x82 hd y470 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Supporting</div>\n<div class=\"t m8 x83 hd y471 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">services</div>\n<div class=\"t m8 x5b hd y46f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 xe hd y472 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As per January 1, 2021<span class=\"_ _10d\"> </span>42,259<span class=\"_ _1eb\"> </span>7,876<span class=\"_ _bf\"> </span>152<span class=\"_ _54\"> </span>50,287</div>\n<div class=\"t m8 x1b hc y473 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">New loans and borrowings<span class=\"_ _a4\"> </span>0<span class=\"_ _25\"> </span>590<span class=\"_ _20\"> </span>0<span class=\"_ _59\"> </span><span class=\"ff2\">590</span></div>\n<div class=\"t m8 x1b hc y474 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Repayments<span class=\"_ _ad\"> </span>-10,000<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _52\"> </span><span class=\"ff2\">-10,000</span></div>\n<div class=\"t m8 x1b hc y475 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Write-of<span class=\"_ _3\"></span>f<span class=\"_ _108\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _4c\"> </span>-376<span class=\"_ _5d\"> </span><span class=\"ff2\">-376</span></div>\n<div class=\"t m8 x1b hc y476 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Change in allocated negative net</div>\n<div class=\"t m8 x1b hc y477 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">assets (1)</div>\n<div class=\"t m8 x84 hc y478 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ _4c\"> </span>-559<span class=\"_ _25\"> </span>224<span class=\"_ _5d\"> </span><span class=\"ff2\">-335</span></div>\n<div class=\"t m8 xe hd y479 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As per December 31, 2021<span class=\"_ _ce\"> </span>32,260<span class=\"_ _46\"> </span>7,907<span class=\"_ _1ec\"> </span>0<span class=\"_ _54\"> </span>40,167</div>\n<div class=\"t m8 x1b hc y47a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">More than 1 year<span class=\"_ _1ed\"> </span>24,760<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _54\"> </span><span class=\"ff2\">24,760</span></div>\n<div class=\"t m8 x1b hc y47b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Less than 1 year<span class=\"_ _e3\"> </span>7,500<span class=\"_ _27\"> </span>7,907<span class=\"_ _20\"> </span>0<span class=\"_ _54\"> </span><span class=\"ff2\">15,407</span></div>\n<div class=\"t m8 xe hd y47c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As per January 1, 2022<span class=\"_ _10d\"> </span>32,260<span class=\"_ _1eb\"> </span>7,907<span class=\"_ _1ec\"> </span>0<span class=\"_ _54\"> </span>40,167</div>\n<div class=\"t m8 x1b hc y47d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">New loans and borrowings<span class=\"_ _1ee\"> </span>20,000<span class=\"_ _1a\"> </span>21,085<span class=\"_ _20\"> </span>0<span class=\"_ _54\"> </span><span class=\"ff2\">41,085</span></div>\n<div class=\"t m8 x1b hc y47e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Elimination after share deal (2)<span class=\"_ _1ef\"> </span>0<span class=\"_ _44\"> </span>-20,195<span class=\"_ _20\"> </span>0<span class=\"_ _52\"> </span><span class=\"ff2\">-20,195</span></div>\n<div class=\"t m8 x1b hc y47f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Accrued interest<span class=\"_ _196\"> </span>0<span class=\"_ _27\"> </span>2,491<span class=\"_ _20\"> </span>0<span class=\"_ _144\"> </span><span class=\"ff2\">2,491</span></div>\n<div class=\"t m8 x1b hc y480 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Repayments<span class=\"_ _ad\"> </span>-52,260<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _52\"> </span><span class=\"ff2\">-52,260</span></div>\n<div class=\"t m8 x1b hc y481 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairment<span class=\"_ _9f\"> </span>0<span class=\"_ _46\"> </span>-4,288<span class=\"_ _20\"> </span>0<span class=\"_ _10\"> </span><span class=\"ff2\">-4,288</span></div>\n<div class=\"t m8 x1b hc y482 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Change in allocated negative net</div>\n<div class=\"t m8 x1b hc y483 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">assets (1)</div>\n<div class=\"t m8 x84 hc y484 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _1ec\"> </span><span class=\"ff2\">0</span></div>\n<div class=\"t m8 xe hd y485 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As per December 31, 2022<span class=\"_ _1f0\"> </span>0<span class=\"_ _46\"> </span>7,000<span class=\"_ _1ec\"> </span>0<span class=\"_ _46\"> </span>7,000</div>\n<div class=\"t m8 x1b hc y486 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">More than 1 year<span class=\"_ _be\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _1ec\"> </span><span class=\"ff2\">0</span></div>\n<div class=\"t m8 x1b hc y487 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Less than 1 year<span class=\"_ _16b\"> </span>0<span class=\"_ _27\"> </span>7,000<span class=\"_ _20\"> </span>0<span class=\"_ _46\"> </span><span class=\"ff2\">7,000</span></div>\n<div class=\"t m8 xe h14 y488 ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(1) <span class=\"_ _c7\"> </span>The equity accounted investees for whom the share in the net assets is negative, are allocated to other components of the investor\u2019<span class=\"_ _2\"></span>s interest in the equity</div>\n<div class=\"t m8 x3e h14 y489 ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investee (i.e. primarily deducted from receivables) if such components exists. In case the negative net asset exceeds the investor\u2019<span class=\"_ _2\"></span>s interest, a</div>\n<div class=\"t m8 x3e h14 y48a ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">corresponding liability is recognized only to the extent that the Gr<span class=\"_ _3\"></span>oup has a legal or constructive obligation. In total, an amount of USD 2.0 million was netted</div>\n<div class=\"t m8 x3e h14 y48b ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">in respect of negative net assets at year<span class=\"_ _1\"></span>-end 2021.</div>\n<div class=\"t m8 xe h14 y48c ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(2) <span class=\"_ _c7\"> </span>During 2022, EXMAR granted a new loan to Solaia Shipping LLC, which at that time was still an equity accounted investee. Upon obtaining 100% of the shares</div>\n<div class=\"t m8 x3e h14 y48d ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">and control of this entity (see Note 5 Other share deals), this intra gr<span class=\"_ _3\"></span>oup loan is eliminated.</div>\n<div class=\"t m194 xe hb y9e ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">The activities and assets of certain of our equity accounted investees are \ufb01nanced through shareholder borrowings<span class=\"_ _4\"></span> </div>\n<div class=\"t m2c6 xe hb y9f ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">made by the Company to the respective equity accounted investees. Such long term borrowings granted are in</div>\n<div class=\"t m137 xe hb yc5 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">substance part of the net investment in an associate or joint venture and any expected credit losses are accounted</div>\n<div class=\"t m8 xe hb ya0 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">for before allocating negative net assets. Dur<span class=\"_ _4\"></span>in<span class=\"_ _4\"></span>g 2022, E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R rec<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>ed an i<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t char<span class=\"_ _4\"></span>ge of USD 4.<span class=\"_ _4\"></span>3 millio<span class=\"_ _4\"></span>n</div>\n<div class=\"t m2c7 xe hb ya1 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">(2021<span class=\"_ _1\"></span>: non<span class=\"_ _4\"></span>e) and di<span class=\"_ _4\"></span>d not allo<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ate any ne<span class=\"_ _4\"></span>gati<span class=\"_ _4\"></span>ve net a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s, wh<span class=\"_ _4\"></span>ile in 2021 USD 0.6 mill<span class=\"_ _4\"></span>ion w<span class=\"_ _4\"></span>as de<span class=\"_ _4\"></span>duc<span class=\"_ _7\"></span>ted f<span class=\"_ _4\"></span>rom t<span class=\"_ _4\"></span>he b<span class=\"_ _4\"></span>or<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb ya2 ff1 fs9 fc2 sc0 ls2 ws3a\" style=\"z-index: 15;\">row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s given t<span class=\"_ _4\"></span>o eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s. T<span class=\"_ _4\"></span>he bal<span class=\"_ _4\"></span>ance<span class=\"_ _4\"></span>s me<span class=\"_ _4\"></span>ntio<span class=\"_ _4\"></span>ned b<span class=\"_ _4\"></span>elo<span class=\"_ _4\"></span>w rep<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ent t<span class=\"_ _4\"></span>he o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>ng bal<span class=\"_ _4\"></span>ance<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb y48e ff1 fs9 fc2 sc0 ls13 wsc\" style=\"z-index: 15;\">including net<span class=\"_ _4\"></span>ting of negative net asset<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m0 xe h6 y48f ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMAR LP<span class=\"_ _4\"></span>G (Shipp<span class=\"_ _4\"></span>ing s<span class=\"_ _4\"></span>egm<span class=\"_ _4\"></span>ent) USD 0 m<span class=\"_ _4\"></span>illi<span class=\"_ _4\"></span>on (202<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>: USD 3<span class=\"_ _3\"></span>2.3 mi<span class=\"_ _4\"></span>llio<span class=\"_ _4\"></span>n)</div>\n<div class=\"t m2c8 xe hb ya7 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Bot<span class=\"_ _4\"></span>h sha<span class=\"_ _4\"></span>reh<span class=\"_ _4\"></span>old<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s have gr<span class=\"_ _4\"></span>ant<span class=\"_ _4\"></span>ed s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>hol<span class=\"_ _4\"></span>der l<span class=\"_ _4\"></span>oan<span class=\"_ _4\"></span>s to E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R LPG i<span class=\"_ _4\"></span>n 201<span class=\"_ _1\"></span>3. Full re<span class=\"_ _4\"></span>paym<span class=\"_ _4\"></span>ent o<span class=\"_ _4\"></span>cc<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>red i<span class=\"_ _4\"></span>n 2022. Th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb yc6 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ap<span class=\"_ _4\"></span>plic<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate o<span class=\"_ _4\"></span>n the<span class=\"_ _4\"></span>se l<span class=\"_ _4\"></span>oans a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d to thr<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>mont<span class=\"_ _4\"></span>h LIB<span class=\"_ _4\"></span>OR plu<span class=\"_ _4\"></span>s 0.5%.</div>\n<div class=\"t m0 xe h6 y490 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">Ele<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ra O<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fs<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>re Ltd (Inf<span class=\"_ _4\"></span>ras<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ruc<span class=\"_ _7\"></span>tur<span class=\"_ _4\"></span>e seg<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt) USD 7<span class=\"_ _2\"></span>.0 milli<span class=\"_ _4\"></span>on (202<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>: USD 7<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>9 mi<span class=\"_ _4\"></span>llio<span class=\"_ _4\"></span>n)</div>\n<div class=\"t m2c9 xe hb yab ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R Net<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>lan<span class=\"_ _4\"></span>ds BV ha<span class=\"_ _4\"></span>s gr<span class=\"_ _4\"></span>ante<span class=\"_ _4\"></span>d a loa<span class=\"_ _4\"></span>n to Elec<span class=\"_ _7\"></span>tr<span class=\"_ _4\"></span>a O<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>sho<span class=\"_ _4\"></span>re Ltd i<span class=\"_ _4\"></span>n 201<span class=\"_ _1\"></span>6. Th<span class=\"_ _4\"></span>e loa<span class=\"_ _4\"></span>n is rep<span class=\"_ _4\"></span>aid b<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d on av<span class=\"_ _4\"></span>ailab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y</div>\n<div class=\"t m2ca xe hb yac ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">of c<span class=\"_ _4\"></span>ash a<span class=\"_ _4\"></span>nd ac<span class=\"_ _4\"></span>cum<span class=\"_ _4\"></span>ulate<span class=\"_ _4\"></span>s inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t. T<span class=\"_ _4\"></span>he int<span class=\"_ _4\"></span>eres<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate a<span class=\"_ _4\"></span>ppli<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>ble o<span class=\"_ _4\"></span>n the l<span class=\"_ _4\"></span>oan i<span class=\"_ _4\"></span>s a \ufb01xed p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>cent<span class=\"_ _4\"></span>ag<span class=\"_ _4\"></span>e of 1<span class=\"_ _1\"></span>2.0%<span class=\"_ _4\"></span>. Dur<span class=\"_ _4\"></span>in<span class=\"_ _4\"></span>g</div>\n<div class=\"t m2cb xe hb yad ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">2022, th<span class=\"_ _4\"></span>e acc<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s were a<span class=\"_ _4\"></span>dd<span class=\"_ _4\"></span>ed to t<span class=\"_ _4\"></span>he ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>ng loa<span class=\"_ _4\"></span>n bala<span class=\"_ _4\"></span>nce a<span class=\"_ _4\"></span>nd col<span class=\"_ _4\"></span>lec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y w<span class=\"_ _4\"></span>as re<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>ses<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ed. T<span class=\"_ _4\"></span>he</div>\n<div class=\"t m8 xe hb yc8 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">bala<span class=\"_ _4\"></span>nce h<span class=\"_ _4\"></span>as be<span class=\"_ _4\"></span>en re<span class=\"_ _4\"></span>du<span class=\"_ _4\"></span>ced to i<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s ex<span class=\"_ _4\"></span>pec<span class=\"_ _7\"></span>ted r<span class=\"_ _4\"></span>ecove<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ble a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt, wh<span class=\"_ _4\"></span>ich is t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue of t<span class=\"_ _4\"></span>he pl<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ge on t<span class=\"_ _4\"></span>he u<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>r<span class=\"ws2\">-</span></div>\n<div class=\"t m8 xe hb yae ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">lyi<span class=\"_ _4\"></span>ng as<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>t. We als<span class=\"_ _4\"></span>o refe<span class=\"_ _4\"></span>r to Note 32 Fi<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cial r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks an<span class=\"_ _4\"></span>d \ufb01na<span class=\"_ _4\"></span>ncial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 278px; height: 861px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x1 h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 2<span class=\"_ _1\"></span>8 \u2013 BORRO<span class=\"_ _1\"></span>W<span class=\"_ _4\"></span>INGS</div>\n<div class=\"t m8 x1 hd y471 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _ed\"> </span>Bank loans<span class=\"_ _ff\"> </span>Other loans</div>\n<div class=\"t m8 x54 hd y470 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease</div>\n<div class=\"t m8 x1d hd y471 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">liabilities</div>\n<div class=\"t m8 x8a hd y4df ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ROU assets</div>\n<div class=\"t m8 x3d hd y471 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 x1 hd y4e0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As of 1 January 2021<span class=\"_ _47\"> </span>214,304\u2005<span class=\"_ _dc\"> </span>123,642\u2005<span class=\"_ _a0\"> </span>3,673\u2005<span class=\"_ _dc\"> </span>341,619\u2005</div>\n<div class=\"t m8 x1f hc y4e1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">New loans and borrowings<span class=\"_ _9e\"> </span>144,000\u2005<span class=\"_ _20a\"> </span>0\u2005<span class=\"_ _b0\"> </span>2,990\u2005<span class=\"_ _bb\"> </span>146,990\u2005</div>\n<div class=\"t m8 x1f hc y4e2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Repayments<span class=\"_ _79\"> </span>-39,616\u2005<span class=\"_ _eb\"> </span>-22,916\u2005<span class=\"_ _2e\"> </span>-1,554\u2005<span class=\"_ _1d1\"> </span>-64,086\u2005</div>\n<div class=\"t m8 x1f hc y4e3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Loan forgiveness<span class=\"_ _19d\"> </span>0\u2005<span class=\"_ _20b\"> </span>-29\u2005<span class=\"_ _1eb\"> </span>0\u2005<span class=\"_ _92\"> </span>-29\u2005</div>\n<div class=\"t m8 x1f hc y4e4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Amortized transaction costs<span class=\"_ _da\"> </span>1,981\u2005<span class=\"_ _20c\"> </span>693\u2005<span class=\"_ _1eb\"> </span>0\u2005<span class=\"_ _b0\"> </span>2,674\u2005</div>\n<div class=\"t m8 x1f hc y4e5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _18e\"> </span>-114\u2005<span class=\"_ _a0\"> </span>-2,352\u2005<span class=\"_ _1c1\"> </span>-344\u2005<span class=\"_ _2e\"> </span>-2,810\u2005</div>\n<div class=\"t m8 x1f hc y4e6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Accrued interest payable<span class=\"_ _20d\"> </span>-831\u2005<span class=\"_ _20b\"> </span>-55\u2005<span class=\"_ _20a\"> </span>0\u2005<span class=\"_ _1c1\"> </span>-886\u2005</div>\n<div class=\"t m8 x1f hc y4e7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Contract re-measur<span class=\"_ _3\"></span>ement/ contract modi\ufb01cation (1)<span class=\"_ _20e\"> </span>0\u2005<span class=\"_ _1eb\"> </span>0\u2005<span class=\"_ _b0\"> </span>1,340\u2005<span class=\"_ _b0\"> </span>1,340\u2005</div>\n<div class=\"t m8 x1 hd y4e8 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As of 31 December 2021<span class=\"_ _20f\"> </span>319,724\u2005<span class=\"_ _195\"> </span>98,983\u2005<span class=\"_ _a0\"> </span>6,105\u2005<span class=\"_ _137\"> </span>424,812\u2005</div>\n<div class=\"t m8 x1 hc y4e9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">More than 1 year<span class=\"_ _30\"> </span>281,413\u2005<span class=\"_ _1bf\"> </span>27,659\u2005<span class=\"_ _1a9\"> </span>4,745\u2005<span class=\"_ _db\"> </span>313,816\u2005</div>\n<div class=\"t m8 x1 hc y4ea ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Less than 1 year<span class=\"_ _1b0\"> </span>38,311\u2005<span class=\"_ _1bf\"> </span>71,324\u2005<span class=\"_ _b0\"> </span>1,360\u2005<span class=\"_ _bb\"> </span>110,995\u2005</div>\n<div class=\"t m8 x1 hd y4eb ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As of 31 December 2021<span class=\"_ _20f\"> </span>319,724\u2005<span class=\"_ _195\"> </span>98,983\u2005<span class=\"_ _a0\"> </span>6,105\u2005<span class=\"_ _137\"> </span>424,812\u2005</div>\n<div class=\"t m8 x1f hc y4ec ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Shipping segment<span class=\"_ _210\"> </span>190,456\u2005<span class=\"_ _1bf\"> </span>26,467\u2005<span class=\"_ _20c\"> </span>769\u2005<span class=\"_ _db\"> </span>217,691\u2005</div>\n<div class=\"t m8 x1f hc y4ed ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Infrastructure segment<span class=\"_ _211\"> </span>129,265\u2005<span class=\"_ _1bf\"> </span>72,517\u2005<span class=\"_ _b0\"> </span>3,013\u2005<span class=\"_ _bb\"> </span>204,795\u2005</div>\n<div class=\"t m8 x1f hc y4ee ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Supporting services segment<span class=\"_ _211\"> </span>3\u2005<span class=\"_ _1eb\"> </span>0\u2005<span class=\"_ _b0\"> </span>2,323\u2005<span class=\"_ _b0\"> </span>2,326\u2005</div>\n<div class=\"t m8 x1 hd y4ef ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As of 31 December 2021<span class=\"_ _20f\"> </span>319,724\u2005<span class=\"_ _195\"> </span>98,983\u2005<span class=\"_ _a0\"> </span>6,105\u2005<span class=\"_ _137\"> </span>424,812\u2005</div>\n<div class=\"t m8 x1 hd y4f0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As of 1 January 2022<span class=\"_ _47\"> </span>319,724\u2005<span class=\"_ _195\"> </span>98,983\u2005<span class=\"_ _a0\"> </span>6,105\u2005<span class=\"_ _dc\"> </span>424,812\u2005</div>\n<div class=\"t m8 x1f hc y4f1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">New loans<span class=\"_ _4f\"> </span>0\u2005<span class=\"_ _1bf\"> </span>50,014\u2005<span class=\"_ _119\"> </span>766\u2005<span class=\"_ _1bf\"> </span>50,780\u2005</div>\n<div class=\"t m8 x1f hc y4f2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Increase thr<span class=\"_ _3\"></span>ough business combinations<span class=\"_ _98\"> </span>15,319\u2005<span class=\"_ _1eb\"> </span>0\u2005<span class=\"_ _b0\"> </span>4,864\u2005<span class=\"_ _1bf\"> </span>20,184\u2005</div>\n<div class=\"t m8 x1f hc y4f3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Repayments<span class=\"_ _212\"> </span>-163,700\u2005<span class=\"_ _a8\"> </span>-116,119\u2005<span class=\"_ _2e\"> </span>-1,476\u2005<span class=\"_ _a8\"> </span>-281,294\u2005</div>\n<div class=\"t m8 x1f hc y4f4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ransfers<span class=\"_ _178\"> </span>7,551\u2005<span class=\"_ _a0\"> </span>-8,710\u2005<span class=\"_ _20a\"> </span>0\u2005<span class=\"_ _a0\"> </span>-1,160\u2005</div>\n<div class=\"t m8 x1f hc y4f5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Loan forgiveness<span class=\"_ _19d\"> </span>0\u2005<span class=\"_ _a0\"> </span>-1,193\u2005<span class=\"_ _20a\"> </span>0\u2005<span class=\"_ _2e\"> </span>-1,193\u2005</div>\n<div class=\"t m8 x1f hc y4f6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Amortized transaction costs<span class=\"_ _da\"> </span>5,877\u2005<span class=\"_ _1a9\"> </span>1,627\u2005<span class=\"_ _20a\"> </span>0\u2005<span class=\"_ _1a9\"> </span>7,504\u2005</div>\n<div class=\"t m8 x1f hc y4f7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exchange differ<span class=\"_ _3\"></span>ences<span class=\"_ _7e\"> </span>8\u2005<span class=\"_ _213\"> </span>-4,791\u2005<span class=\"_ _1c1\"> </span>-157\u2005<span class=\"_ _213\"> </span>-4,940\u2005</div>\n<div class=\"t m8 x1f hc y4f8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Accrued interest payable<span class=\"_ _20f\"> </span>-1,387\u2005<span class=\"_ _1c1\"> </span>-619\u2005<span class=\"_ _1eb\"> </span>0\u2005<span class=\"_ _213\"> </span>-2,006\u2005</div>\n<div class=\"t m8 x1f hc y4f9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Contract re-measur<span class=\"_ _3\"></span>ement/ contract modi\ufb01cation (1)<span class=\"_ _52\"> </span>5,498\u2005<span class=\"_ _20a\"> </span>0\u2005<span class=\"_ _20c\"> </span>162\u2005<span class=\"_ _b0\"> </span>5,660\u2005</div>\n<div class=\"t m8 x1 hd y4fa ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As of 31 December 2022<span class=\"_ _20f\"> </span>188,891\u2005<span class=\"_ _195\"> </span>19,192\u2005<span class=\"_ _db\"> </span>10,264\u2005<span class=\"_ _dc\"> </span>218,347\u2005</div>\n<div class=\"t m8 x1 hc y4fb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">More than 1 year<span class=\"_ _30\"> </span>139,522\u2005<span class=\"_ _1bf\"> </span>19,177\u2005<span class=\"_ _1a9\"> </span>8,849\u2005<span class=\"_ _db\"> </span>167,548\u2005</div>\n<div class=\"t m8 x1 hc y4fc ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Less than 1 year<span class=\"_ _1b0\"> </span>49,369\u2005<span class=\"_ _e4\"> </span>16\u2005<span class=\"_ _b0\"> </span>1,415\u2005<span class=\"_ _de\"> </span>50,800\u2005</div>\n<div class=\"t m8 x1 hd y4fd ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As of 31 December 2022<span class=\"_ _20f\"> </span>188,891\u2005<span class=\"_ _195\"> </span>19,192\u2005<span class=\"_ _db\"> </span>10,264\u2005<span class=\"_ _dc\"> </span>218,347\u2005</div>\n<div class=\"t m8 x1f hc y4fe ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Shipping segment<span class=\"_ _210\"> </span>178,090\u2005<span class=\"_ _1bf\"> </span>19,178\u2005<span class=\"_ _20c\"> </span>664\u2005<span class=\"_ _db\"> </span>197,932\u2005</div>\n<div class=\"t m8 x1f hc y4ff ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Infrastructure segment<span class=\"_ _214\"> </span>10,005\u2005<span class=\"_ _1eb\"> </span>0\u2005<span class=\"_ _b0\"> </span>2,486\u2005<span class=\"_ _de\"> </span>12,491\u2005</div>\n<div class=\"t m8 x1f hc y500 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Supporting services segment<span class=\"_ _215\"> </span>796\u2005<span class=\"_ _e4\"> </span>15\u2005<span class=\"_ _b0\"> </span>7,114\u2005<span class=\"_ _b0\"> </span>7,925\u2005</div>\n<div class=\"t m8 x1 hd y501 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">As of 31 December 2022<span class=\"_ _20f\"> </span>188,891\u2005<span class=\"_ _195\"> </span>19,192\u2005<span class=\"_ _db\"> </span>10,264\u2005<span class=\"_ _dc\"> </span>218,347\u2005</div>\n<div class=\"t m8 x1 h14 y502 ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(1) <span class=\"_ _c7\"> </span>During 2022, the bank loans increased by USD 5.5 million, representing the ef<span class=\"_ _1\"></span>fective interest rate correction on the pressurized \ufb02eet following the exercise of</div>\n<div class=\"t m8 x8b h14 y503 ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">the early buy-out-option (see also Note 12 Finance income/expense).</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 243px; height: 896px; width: 94%; z-index: 2;\"><br/></div>\n\n<div></div>\n\n<div></div>\n<div class=\"t m0 xe h6 y1d6 ff2 fs4 fc1 sc0 lsd ws58\" style=\"z-index: 15;\">Bank loans</div>\n<div class=\"t m8 xe hb y7f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e ban<span class=\"_ _4\"></span>k loan<span class=\"_ _4\"></span>s mainl<span class=\"_ _4\"></span>y rela<span class=\"_ _4\"></span>te to:</div>\n<div class=\"t m0 xe h6 y80 ff5 fs4 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">FLANDERS INNOV<span class=\"_ _1\"></span>A<span class=\"_ _2\"></span>TION &amp; FLANDERS PIONEER \u2013 USD 135.5 million (2021: 140.9 million)</div>\n<div class=\"t m2e5 xe hb y81 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">In 2021<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up ob<span class=\"_ _4\"></span>tai<span class=\"_ _4\"></span>ned U<span class=\"_ _4\"></span>SD 1<span class=\"_ _1\"></span>4<span class=\"_ _4\"></span>4.0 millio<span class=\"_ _4\"></span>n \ufb01nan<span class=\"_ _4\"></span>cing f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e t<span class=\"_ _4\"></span>wo ne<span class=\"_ _4\"></span>w VLGC\u2019s: FL<span class=\"_ _4\"></span>ANDER<span class=\"_ _4\"></span>S INNOVA<span class=\"_ _1\"></span>TION s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing</div>\n<div class=\"t m2e6 xe hb y82 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">in Ju<span class=\"_ _4\"></span>ne 2021 (USD 72.0 million) an<span class=\"_ _4\"></span>d FL<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span>NDERS PIO<span class=\"_ _4\"></span>NEER st<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g in Se<span class=\"_ _4\"></span>ptem<span class=\"_ _4\"></span>be<span class=\"_ _4\"></span>r 2021 (<span class=\"_ _3\"></span>als<span class=\"_ _4\"></span>o USD 72.<span class=\"_ _3\"></span>0 millio<span class=\"_ _4\"></span>n) and</div>\n<div class=\"t m20 xe hb y83 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">mat<span class=\"_ _4\"></span>uri<span class=\"_ _4\"></span>ng in \ufb01<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>n year<span class=\"_ _4\"></span>s. T<span class=\"_ _4\"></span>he wei<span class=\"_ _4\"></span>ghte<span class=\"_ _4\"></span>d aver<span class=\"_ _4\"></span>age in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>st r<span class=\"_ _4\"></span>ate i<span class=\"_ _4\"></span>mpli<span class=\"_ _4\"></span>cit i<span class=\"_ _4\"></span>n the<span class=\"_ _4\"></span>se lo<span class=\"_ _4\"></span>ans a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to 5.62%. E<span class=\"_ _4\"></span>X<span class=\"_ _4\"></span>MAR N<span class=\"_ _4\"></span>V</div>\n<div class=\"t m8 xe hb y84 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">has g<span class=\"_ _4\"></span>uar<span class=\"_ _4\"></span>ante<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>he un<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>rly<span class=\"_ _4\"></span>ing o<span class=\"_ _4\"></span>blig<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns.</div>\n<div class=\"t m0 xe h6 y86 ff5 fs4 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LPG pressurized facilities - USD 42.6 million (2021: USD 43.9 million)</div>\n<div class=\"t m2e7 xe hb y87 ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15; word-spacing: 0px;\">In t<span class=\"_ _4\"></span>he las<span class=\"_ _4\"></span>t q<span class=\"_ _4\"></span>uar<span class=\"_ _7\"></span>ter of 201<span class=\"_ _3\"></span>8 and i<span class=\"_ _4\"></span>n Ap<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>l 201<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>, EX<span class=\"_ _4\"></span>MAR r<span class=\"_ _4\"></span>e\ufb01na<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>d res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>vely six<span class=\"_ _4\"></span> and f<span class=\"_ _4\"></span>our of i<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s LPG p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ized \ufb02<span class=\"_ _4\"></span>eet</div>\n<div class=\"t m2e8 xe hb y8c ff1 fs9 fc2 sc0 ls24 wsd\" style=\"z-index: 15;\">ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ls th<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>gh a JO<span class=\"_ _4\"></span>LC<span class=\"_ _3\"></span>O (Jap<span class=\"_ _4\"></span>ane<span class=\"_ _4\"></span>se O<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ing L<span class=\"_ _4\"></span>ease w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h Ca<span class=\"_ _4\"></span>ll Opt<span class=\"_ _4\"></span>ion) s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _7\"></span>tur<span class=\"_ _4\"></span>e. The lo<span class=\"_ _4\"></span>ans a<span class=\"_ _4\"></span>re rep<span class=\"_ _4\"></span>ayab<span class=\"_ _4\"></span>le in q<span class=\"_ _4\"></span>uar<span class=\"_ _7\"></span>ter<span class=\"_ _4\"></span>ly</div>\n<div class=\"t m2e9 xe hb y88 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">tr<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>s and t<span class=\"_ _4\"></span>he ap<span class=\"_ _4\"></span>plic<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t p<span class=\"_ _4\"></span>erce<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>age a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to thr<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>mont<span class=\"_ _4\"></span>h LIBO<span class=\"_ _4\"></span>R plu<span class=\"_ _4\"></span>s 2.4<span class=\"_ _1\"></span>%<span class=\"_ _4\"></span>. Th<span class=\"_ _4\"></span>e las<span class=\"_ _4\"></span>t rep<span class=\"_ _4\"></span>aym<span class=\"_ _4\"></span>ent is</div>\n<div class=\"t m8 xe hb y89 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">for<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>en in D<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 2025. T<span class=\"_ _4\"></span>he eq<span class=\"_ _4\"></span>uit<span class=\"_ _7\"></span>y par<span class=\"_ _7\"></span>t of th<span class=\"_ _4\"></span>e JOLCO \ufb01nan<span class=\"_ _4\"></span>cin<span class=\"_ _4\"></span>g was p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ente<span class=\"_ _4\"></span>d in \u201cOt<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>r Loa<span class=\"_ _4\"></span>ns\u201d (see b<span class=\"_ _4\"></span>elow).</div>\n<div class=\"t md3 xe hb y8a ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">End 20<span class=\"_ _4\"></span>22, Ex<span class=\"_ _4\"></span>ma<span class=\"_ _4\"></span>r has exer<span class=\"_ _4\"></span>cis<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>he ear<span class=\"_ _4\"></span>ly b<span class=\"_ _4\"></span>uy-<span class=\"_ _4\"></span>o<span class=\"_ _4\"></span>ut o<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n of 3 ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ls, wi<span class=\"_ _4\"></span>th p<span class=\"_ _4\"></span>ayme<span class=\"_ _4\"></span>nt pl<span class=\"_ _4\"></span>anne<span class=\"_ _4\"></span>d in 202<span class=\"_ _4\"></span>3 and co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>e<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m2ea xe hb yd8 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">que<span class=\"_ _4\"></span>ntl<span class=\"_ _4\"></span>y mana<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent h<span class=\"_ _4\"></span>as (i<span class=\"_ _4\"></span>) up<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d th<span class=\"_ _4\"></span>e ef<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t c<span class=\"_ _4\"></span>alc<span class=\"_ _4\"></span>ulati<span class=\"_ _4\"></span>on (i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t of USD 5.5 m<span class=\"_ _4\"></span>illion), (ii) t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m2eb xe hb y8b ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e relat<span class=\"_ _4\"></span>ed ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ndin<span class=\"_ _4\"></span>g eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y p<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>se ves<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>els to \u201cba<span class=\"_ _4\"></span>nk loa<span class=\"_ _4\"></span>ns\u201d (USD 7<span class=\"_ _2\"></span>.6 m<span class=\"_ _4\"></span>illion) an<span class=\"_ _4\"></span>d pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d the ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 xe hb y4a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">paya<span class=\"_ _4\"></span>ble a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt as s<span class=\"_ _4\"></span>hor<span class=\"_ _7\"></span>t-ter<span class=\"_ _4\"></span>m (US<span class=\"_ _4\"></span>D 25.<span class=\"_ _1\"></span>9 millio<span class=\"_ _4\"></span>n).</div>\n<div class=\"t m8 xe hb y504 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">All o<span class=\"_ _4\"></span>blig<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns of t<span class=\"_ _4\"></span>he bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ower a<span class=\"_ _4\"></span>re gu<span class=\"_ _4\"></span>ara<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>ed by E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR NV (\u201c<span class=\"_ _3\"></span>guar<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>\u201d).  </div>\n<div class=\"t m0 xe h6 y4d ff5 fs4 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>ANGO FLNG facility - USD 0 million (2021: USD 129.3 million)</div>\n<div class=\"t m2ec xe hb y4e ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">End of J<span class=\"_ _4\"></span>une 201<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>, E<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t LN<span class=\"_ _4\"></span>G Lim<span class=\"_ _4\"></span>ite<span class=\"_ _4\"></span>d (a 1<span class=\"_ _1\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>% sub<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>iar<span class=\"_ _7\"></span>y of E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R NV<span class=\"_ _4\"></span>) s<span class=\"_ _4\"></span>ign<span class=\"_ _4\"></span>ed a \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>ng ag<span class=\"_ _4\"></span>ree<span class=\"_ _4\"></span>ment o<span class=\"_ _4\"></span>f USD</div>\n<div class=\"t m2ed xe hb y72 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">20<span class=\"_ _4\"></span>0.0 millio<span class=\"_ _4\"></span>n wi<span class=\"_ _4\"></span>th t<span class=\"_ _4\"></span>he Ban<span class=\"_ _4\"></span>k of Chi<span class=\"_ _4\"></span>na (Bo<span class=\"_ _4\"></span>C), Deu<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>sc<span class=\"_ _4\"></span>he Ban<span class=\"_ _4\"></span>k and Si<span class=\"_ _4\"></span>nos<span class=\"_ _4\"></span>ure f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cin<span class=\"_ _4\"></span>g of the T<span class=\"_ _3\"></span>ANGO FL<span class=\"_ _4\"></span>NG. T<span class=\"_ _4\"></span>he</div>\n<div class=\"t m2ee xe hb y4f ff1 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">agr<span class=\"_ _4\"></span>eem<span class=\"_ _4\"></span>ent wi<span class=\"_ _4\"></span>th B<span class=\"_ _4\"></span>oC pr<span class=\"_ _4\"></span>ovid<span class=\"_ _4\"></span>ed a re<span class=\"_ _4\"></span>pay<span class=\"_ _4\"></span>ment p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>d of t<span class=\"_ _4\"></span>wel<span class=\"_ _4\"></span>ve year<span class=\"_ _4\"></span>s and t<span class=\"_ _4\"></span>he lo<span class=\"_ _4\"></span>an ha<span class=\"_ _4\"></span>d an inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t at a r<span class=\"_ _4\"></span>ate of s<span class=\"_ _4\"></span>ix-<span class=\"_ _4\"></span>mon<span class=\"_ _4\"></span>th</div>\n<div class=\"t m150 xe hb y50 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">LIBO<span class=\"_ _4\"></span>R plus 3.0<span class=\"_ _4\"></span>% (until e<span class=\"_ _4\"></span>nd Ju<span class=\"_ _4\"></span>ne 2021<span class=\"_ _1\"></span>) a<span class=\"_ _4\"></span>nd 2.2<span class=\"_ _4\"></span>% as fr<span class=\"_ _4\"></span>om Ju<span class=\"_ _4\"></span>ly 2021 and w<span class=\"_ _4\"></span>as gua<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ntee<span class=\"_ _4\"></span>d by E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R NV (\u201c<span class=\"_ _1\"></span>g<span class=\"_ _4\"></span>uar<span class=\"_ _4\"></span>anto<span class=\"_ _4\"></span>r\u201d).</div>\n<div class=\"t m2ef xe hb y51 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">On A<span class=\"_ _4\"></span>ugu<span class=\"_ _4\"></span>st 5, 202<span class=\"_ _4\"></span>2 EX<span class=\"_ _4\"></span>MA<span class=\"_ _4\"></span>R ente<span class=\"_ _4\"></span>red i<span class=\"_ _4\"></span>nto a s<span class=\"_ _4\"></span>hare p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>e agre<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>ent to s<span class=\"_ _4\"></span>ell t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s of E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>t LNG L<span class=\"_ _4\"></span>td, to Eni</div>\n<div class=\"t m8 xe hb y52 ff1 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">fr<span class=\"_ _4\"></span>ee of de<span class=\"_ _4\"></span>bt. A<span class=\"_ _4\"></span>s of A<span class=\"_ _4\"></span>ugu<span class=\"_ _4\"></span>st 1<span class=\"_ _3\"></span>7<span class=\"_ _2\"></span>, 2022, th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p rep<span class=\"_ _4\"></span>aid t<span class=\"_ _4\"></span>he bo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ng tow<span class=\"_ _4\"></span>ard<span class=\"_ _4\"></span>s BoC a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e res<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ric<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h bala<span class=\"_ _4\"></span>nce</div>\n<div class=\"t m8 xe hb y505 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">was r<span class=\"_ _4\"></span>elea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d (see N<span class=\"_ _4\"></span>ote 25) a<span class=\"_ _4\"></span>nd on A<span class=\"_ _4\"></span>ugu<span class=\"_ _4\"></span>st 26, 202<span class=\"_ _4\"></span>2 the t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on wa<span class=\"_ _4\"></span>s clo<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m0 xe h6 y73 ff5 fs4 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Aircraft held for sale - USD 0 million (2021: USD 5.6 million)</div>\n<div class=\"t m2f0 xe hb y55 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Follo<span class=\"_ _4\"></span>win<span class=\"_ _4\"></span>g the s<span class=\"_ _4\"></span>ale of t<span class=\"_ _4\"></span>he air<span class=\"_ _4\"></span>cr<span class=\"_ _4\"></span>af<span class=\"_ _4\"></span>t i<span class=\"_ _4\"></span>n Marc<span class=\"_ _4\"></span>h 2022 (s<span class=\"_ _4\"></span>ee al<span class=\"_ _4\"></span>so No<span class=\"_ _4\"></span>te 1<span class=\"_ _1\"></span>4 A<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>ies he<span class=\"_ _4\"></span>ld for s<span class=\"_ _4\"></span>ale), the r<span class=\"_ _4\"></span>elat<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m8 xe hb y56 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">loa<span class=\"_ _4\"></span>n was r<span class=\"_ _4\"></span>epa<span class=\"_ _4\"></span>id.</div>\n<div class=\"t m0 xe h6 y58 ff5 fs4 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Additional loans acquired thr<span class=\"_ _1\"></span>ough business combinations \u2013 USD 10.8 million</div>\n<div class=\"t m2f1 xe hb y59 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s a con<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>nce of t<span class=\"_ _4\"></span>he ac<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>sit<span class=\"_ _4\"></span>ion of t<span class=\"_ _4\"></span>he 50<span class=\"_ _4\"></span>% sha<span class=\"_ _4\"></span>re of So<span class=\"_ _4\"></span>laia Sh<span class=\"_ _4\"></span>ipp<span class=\"_ _4\"></span>ing L<span class=\"_ _4\"></span>LC from t<span class=\"_ _4\"></span>he joi<span class=\"_ _4\"></span>nt ven<span class=\"_ _4\"></span>ture p<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>tne<span class=\"_ _4\"></span>r SE<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m2f2 xe hb y5a ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">PE<span class=\"_ _4\"></span>AK (se<span class=\"_ _4\"></span>e Note 5 B<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>mbi<span class=\"_ _4\"></span>nati<span class=\"_ _4\"></span>ons a<span class=\"_ _4\"></span>nd ot<span class=\"_ _4\"></span>her s<span class=\"_ _4\"></span>hare d<span class=\"_ _4\"></span>eal<span class=\"_ _4\"></span>s) in Sep<span class=\"_ _4\"></span>tem<span class=\"_ _4\"></span>ber 2<span class=\"_ _4\"></span>022, E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R has ac<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>red a US<span class=\"_ _4\"></span>D</div>\n<div class=\"t m4f xe hb y5b ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">1<span class=\"_ _1\"></span>2.5 mill<span class=\"_ _4\"></span>ion lo<span class=\"_ _4\"></span>an. T<span class=\"_ _4\"></span>he ame<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>ed s<span class=\"_ _4\"></span>yn<span class=\"_ _4\"></span>dic<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d ban<span class=\"_ _4\"></span>k loa<span class=\"_ _4\"></span>n date<span class=\"_ _4\"></span>s fro<span class=\"_ _4\"></span>m De<span class=\"_ _4\"></span>cem<span class=\"_ _4\"></span>be<span class=\"_ _4\"></span>r 2021 and b<span class=\"_ _4\"></span>ear<span class=\"_ _4\"></span>s an int<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>st of L<span class=\"_ _4\"></span>IBOR</div>\n<div class=\"t m2f3 xe hb y5c ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">plu<span class=\"_ _4\"></span>s a marg<span class=\"_ _4\"></span>in of 2.5% and i<span class=\"_ _4\"></span>s rep<span class=\"_ _4\"></span>ayab<span class=\"_ _4\"></span>le in q<span class=\"_ _4\"></span>uar<span class=\"_ _7\"></span>ter<span class=\"_ _4\"></span>ly in<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tall<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts b<span class=\"_ _4\"></span>y end 2<span class=\"_ _4\"></span>023. In th<span class=\"_ _4\"></span>e fou<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>h quar<span class=\"_ _7\"></span>ter o<span class=\"_ _4\"></span>f 2022, Sol<span class=\"_ _4\"></span>aia</div>\n<div class=\"t m8 xe hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rep<span class=\"_ _4\"></span>aid US<span class=\"_ _4\"></span>D 2.5 millio<span class=\"_ _4\"></span>n.  </div>\n<div class=\"t m2f4 xe hb y5e ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">On N<span class=\"_ _4\"></span>ovemb<span class=\"_ _4\"></span>er 1<span class=\"_ _1\"></span>,<span class=\"_ _4\"></span>202<span class=\"_ _4\"></span>2 E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R obt<span class=\"_ _4\"></span>ain<span class=\"_ _4\"></span>ed f<span class=\"_ _4\"></span>ull co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ol over B<span class=\"_ _4\"></span>exco NV (s<span class=\"_ _4\"></span>ee al<span class=\"_ _4\"></span>so Not<span class=\"_ _4\"></span>e 5 Bus<span class=\"_ _4\"></span>ine<span class=\"_ _4\"></span>ss co<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>inat<span class=\"_ _4\"></span>ions a<span class=\"_ _4\"></span>nd</div>\n<div class=\"t m117 xe hb y5f ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">oth<span class=\"_ _4\"></span>er sh<span class=\"_ _4\"></span>are d<span class=\"_ _4\"></span>eals) an<span class=\"_ _4\"></span>d acq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d loa<span class=\"_ _4\"></span>ns of EUR 2.7 million o<span class=\"_ _4\"></span>r USD 2.8 millio<span class=\"_ _4\"></span>n, of whic<span class=\"_ _4\"></span>h EUR 1<span class=\"_ _1\"></span>.9 million s<span class=\"_ _4\"></span>hor<span class=\"_ _7\"></span>t ter<span class=\"_ _4\"></span>m</div>\n<div class=\"t m8 xe hb y60 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>aight l<span class=\"_ _4\"></span>oan<span class=\"_ _4\"></span>s. End 2<span class=\"_ _4\"></span>022, the c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>any re<span class=\"_ _4\"></span>pai<span class=\"_ _4\"></span>d USD 2.0 millio<span class=\"_ _4\"></span>n and ha<span class=\"_ _4\"></span>s an ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ndin<span class=\"_ _4\"></span>g bala<span class=\"_ _4\"></span>nce of US<span class=\"_ _4\"></span>D 0.8 millio<span class=\"_ _4\"></span>n.</div>\n<div class=\"t m0 xe h6 y506 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Othe<span class=\"_ _4\"></span>r loans</div>\n\n<div class=\"t m0 xe h6 y77 ff5 fs4 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">NOK 650.0 million bond - USD 0 million (2021: USD 71.3 million)</div>\n<div class=\"t m8 xe hb y63 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">In t<span class=\"_ _4\"></span>he \ufb01r<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t quar<span class=\"_ _7\"></span>te<span class=\"_ _4\"></span>r of 2022, E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R rep<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>ed a n<span class=\"_ _4\"></span>omin<span class=\"_ _4\"></span>al amo<span class=\"_ _4\"></span>unt of N<span class=\"_ _4\"></span>OK 1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3.0 millio<span class=\"_ _4\"></span>n or USD 1<span class=\"_ _3\"></span>2.<span class=\"_ _3\"></span>7 millio<span class=\"_ _4\"></span>n of th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m25e xe hb y64 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">se<span class=\"_ _4\"></span>nior u<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>red b<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>d is<span class=\"_ _4\"></span>sue<span class=\"_ _4\"></span>d by E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R Net<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>rla<span class=\"_ _4\"></span>nds BV a<span class=\"_ _4\"></span>nd re<span class=\"_ _4\"></span>pai<span class=\"_ _4\"></span>d the r<span class=\"_ _4\"></span>emai<span class=\"_ _4\"></span>ning b<span class=\"_ _4\"></span>alan<span class=\"_ _4\"></span>ce of NOK 5<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>3.0 millio<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 xe hb y65 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(or USD 53.4 milli<span class=\"_ _4\"></span>on) upo<span class=\"_ _4\"></span>n mat<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y en<span class=\"_ _4\"></span>d May 202<span class=\"_ _4\"></span>2. The b<span class=\"_ _4\"></span>ond<span class=\"_ _4\"></span>s had a c<span class=\"_ _4\"></span>oup<span class=\"_ _4\"></span>on of t<span class=\"_ _4\"></span>hre<span class=\"_ _4\"></span>e<span class=\"_ _4\"></span>-m<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>h NIBOR p<span class=\"_ _4\"></span>lus 8.75<span class=\"_ _3\"></span>%.</div>\n<div class=\"t m2f5 xe hb y79 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e NOK<span class=\"_ _7\"></span>/USD e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>ure w<span class=\"_ _4\"></span>as cover<span class=\"_ _4\"></span>ed by f<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>ard c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s: NOK 240 mi<span class=\"_ _4\"></span>llion f<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>ard<span class=\"_ _4\"></span>s wer<span class=\"_ _4\"></span>e pur<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d in 2021 an<span class=\"_ _4\"></span>d</div>\n<div class=\"t m2f6 xe hb y66 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">an ad<span class=\"_ _4\"></span>di<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>nal am<span class=\"_ _4\"></span>ount o<span class=\"_ _4\"></span>f NOK 285.4 millio<span class=\"_ _4\"></span>n (also c<span class=\"_ _4\"></span>over<span class=\"_ _4\"></span>ing in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t rep<span class=\"_ _4\"></span>ayme<span class=\"_ _4\"></span>nt) w<span class=\"_ _4\"></span>as co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>ted e<span class=\"_ _4\"></span>arl<span class=\"_ _4\"></span>y 2022 fo<span class=\"_ _4\"></span>r a tot<span class=\"_ _4\"></span>al</div>\n<div class=\"t m8 xe hb y67 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">valu<span class=\"_ _4\"></span>e of USD 57<span class=\"_ _2\"></span>.4 milli<span class=\"_ _4\"></span>on.</div>\n<div class=\"t m2f7 xe hb y68 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">End 2021<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>his re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>ted in a f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue g<span class=\"_ _4\"></span>ain of USD 0.9 million, howe<span class=\"_ _4\"></span>ver in 202<span class=\"_ _4\"></span>2 a los<span class=\"_ _4\"></span>s of USD 2.6 mill<span class=\"_ _4\"></span>ion w<span class=\"_ _4\"></span>as reali<span class=\"_ _4\"></span>zed</div>\n<div class=\"t m2f8 xe hb y69 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">on t<span class=\"_ _4\"></span>he se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>tle<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>ese f<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>ard<span class=\"_ _4\"></span>s, bu<span class=\"_ _4\"></span>t was o<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>set by t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>alize<span class=\"_ _4\"></span>d fore<span class=\"_ _4\"></span>ign c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>cy g<span class=\"_ _4\"></span>ain u<span class=\"_ _4\"></span>pon r<span class=\"_ _4\"></span>epay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y6a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">bo<span class=\"_ _4\"></span>nd (se<span class=\"_ _4\"></span>e als<span class=\"_ _4\"></span>o Note 1<span class=\"_ _3\"></span>2 Fina<span class=\"_ _4\"></span>nce i<span class=\"_ _4\"></span>ncom<span class=\"_ _4\"></span>e/expe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d Note 32 Fi<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial r<span class=\"_ _4\"></span>isk<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d \ufb01nan<span class=\"_ _4\"></span>cial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s).</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 212px; height: 168px; width: 90%; z-index: 4;\"></div>\n\n<div class=\"t m0 xe h6 y6b ff5 fs4 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Sequoia facility agreement \u2013 USD 0 million (2021: USD 0 million)</div>\n<div class=\"t m2f9 xe hb y6c ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">On N<span class=\"_ _4\"></span>ovemb<span class=\"_ _4\"></span>er 1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>, 2021<span class=\"_ _1\"></span>, E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R sig<span class=\"_ _4\"></span>ned a t<span class=\"_ _4\"></span>hre<span class=\"_ _4\"></span>e-<span class=\"_ _4\"></span>year f<span class=\"_ _4\"></span>acili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y agr<span class=\"_ _4\"></span>eem<span class=\"_ _4\"></span>ent of u<span class=\"_ _4\"></span>p to USD 50.0 milli<span class=\"_ _4\"></span>on wi<span class=\"_ _4\"></span>th Se<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>oia Eco<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m2fa xe hb y6d ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">nom<span class=\"_ _4\"></span>ic Inf<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>re In<span class=\"_ _4\"></span>come Fu<span class=\"_ _4\"></span>nd (SEQI) w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h an ap<span class=\"_ _4\"></span>plic<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate of L<span class=\"_ _4\"></span>IBOR pl<span class=\"_ _4\"></span>us a mar<span class=\"_ _4\"></span>gin b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>we<span class=\"_ _4\"></span>en 7<span class=\"_ _2\"></span>.0<span class=\"_ _4\"></span>% and</div>\n<div class=\"t m2fb xe hb y6e ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">8.7<span class=\"_ _1\"></span>5%, d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>ding o<span class=\"_ _4\"></span>n net l<span class=\"_ _4\"></span>ever<span class=\"_ _4\"></span>age. T<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>acili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y was n<span class=\"_ _4\"></span>ot us<span class=\"_ _4\"></span>ed in 2<span class=\"_ _4\"></span>021<span class=\"_ _1\"></span>, but w<span class=\"_ _4\"></span>as dr<span class=\"_ _4\"></span>aw<span class=\"_ _4\"></span>n up<span class=\"_ _4\"></span>on in M<span class=\"_ _4\"></span>ay 2022 to r<span class=\"_ _4\"></span>epay t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m2fc xe hb y6f ff1 fs9 fc2 sc0 ls11 wsd\" style=\"z-index: 15;\">NOK 6<span class=\"_ _4\"></span>50 millio<span class=\"_ _4\"></span>n bo<span class=\"_ _4\"></span>nd (se<span class=\"_ _4\"></span>e ab<span class=\"_ _4\"></span>ove)<span class=\"_ _3\"></span>. The s<span class=\"_ _4\"></span>ale of 10<span class=\"_ _4\"></span>0% of t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s of E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>t LNG, ow<span class=\"_ _4\"></span>ning c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>any of T<span class=\"_ _1\"></span>A<span class=\"_ _4\"></span>NGO FLN<span class=\"_ _4\"></span>G</div>\n<div class=\"t m8 xe hb y70 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(se<span class=\"_ _4\"></span>e also a<span class=\"_ _4\"></span>bove); tr<span class=\"_ _4\"></span>igg<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>d a rep<span class=\"_ _4\"></span>aym<span class=\"_ _4\"></span>ent an<span class=\"_ _4\"></span>d ter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>natio<span class=\"_ _4\"></span>n of th<span class=\"_ _4\"></span>is cre<span class=\"_ _4\"></span>di<span class=\"_ _4\"></span>t fac<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y, which o<span class=\"_ _4\"></span>cc<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>red o<span class=\"_ _4\"></span>n Aug<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>t 29<span class=\"_ _1\"></span>, 2022.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 96px; height: 1035px; width: 92%; z-index: 3;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 96px; height: 1035px; width: 94%; z-index: 2;\"><br/></div>\n\n<div></div>\n\n<div class=\"t m0 x1 h6 SeceVJK_260 SeceVJK_23 fs4 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Pressurized fleet - USD 19.2 million (2021: USD 26.5 million)</div>\n<div class=\"t m8 x1 hb y42 SeceVJK_22 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">The other loans comprise the outstanding equit<span class=\"_ SeceVJK_101\"></span>y par<span class=\"_ SeceVJK_101\"></span>t of the JOLCO (Japanese Operating Lease with Call Option)</div>\n<div class=\"t m2fd x1 hb y7e SeceVJK_22 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">financing. As mentioned above, EXMAR has exercised the early buy-<span class=\"_ SeceVJK_101\"></span>out option for three vessels and transferred</div>\n<div class=\"t m2fe x1 hb y7f SeceVJK_22 fs9 fc2 sc0 ls23 wsf\" style=\"z-index: 15;\">the related debt por<span class=\"_ SeceVJK_101\"></span>tion (USD 7.6 million) to shor<span class=\"_ SeceVJK_101\"></span>t-term bank loans. At year-end 2022, the outstanding balance</div>\n<div class=\"t m8 x1 hb y43 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amounts to USD 19.2 million.</div>\n<div class=\"t m2ff x1 hb y80 SeceVJK_22 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">Management assumes to exercise the purchase options of the seven other vessels before or at the end of the lease,</div>\n<div class=\"t m8 x1 hb y81 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">which will then result in an additional cash out of USD 9.3 million.</div>\n<div class=\"t m0 x1 h6 y201 SeceVJK_24 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Available credit facilities</div>\n<div class=\"t m8 x1 hb y85 SeceVJK_22 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">In May 2020, EXMAR obtained a revolving credit facilit<span class=\"_ SeceVJK_101\"></span>y of EUR 18.0 million from Belgian financial institutions with</div>\n<div class=\"t SeceVJK_54 x1 hb y86 SeceVJK_22 fs9 fc2 sc0 ls17 wsb\" style=\"word-spacing: 0px; z-index: 15;\">maturit<span class=\"_ SeceVJK_101\"></span>y date Februar<span class=\"_ SeceVJK_101\"></span>y 1, 2022 at an interest rate of EURIBOR three-month plus 2.0% margin. This facilit<span class=\"_ SeceVJK_101\"></span>y was</div>\n<div class=\"t m8 x1 hb y87 SeceVJK_22 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">extended until June 2024 and can be increased up to USD 30.0 million. EXMAR did not draw upon this facility per</div>\n<div class=\"t m8 x1 hb yd7 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">end 2021 and 2022.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 921px; height: 235px; width: 92%; z-index: 3;\"></div>\n\n<div class=\"t m0 x1 h6 SeceVJK_240 SeceVJK_24 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Other information</div>\n<div class=\"t SeceVJK_31 x1 hb yd8 SeceVJK_22 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">On December 16, 2022 EXMAR Shipping BV, a major equity accounted investee, signed a senior sustainabilit<span class=\"_ SeceVJK_101\"></span>y linked</div>\n<div class=\"t m1b5 x1 hb y8b SeceVJK_22 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">facility with a consor<span class=\"_ SeceVJK_101\"></span>tium of banks in the amount of USD 450.0 million, comprising a revolving credit facilit<span class=\"_ SeceVJK_101\"></span>y of USD</div>\n<div class=\"t m8 x1 hb y4a SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">310.0 million and a term loan facility of USD 140.0 million.\ue61d</div>\n<div class=\"t SeceVJK_35 x1 hb y4b SeceVJK_22 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">The facility ser<span class=\"_ SeceVJK_101\"></span>ved the purpose of refinancing the existing revolving facilit<span class=\"_ SeceVJK_101\"></span>y of USD 310.0 million, maturing at the end</div>\n<div class=\"t SeceVJK_37 x1 hb y4c SeceVJK_22 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">of 2023, and to refinance the Japanese lease liabilities. The loan matures 5 years af<span class=\"_ SeceVJK_101\"></span>ter signing date. As of December</div>\n<div class=\"t m8 x1 hb y4d SeceVJK_22 fs9 fc2 sc0 ls2 ws3a\" style=\"word-spacing: -0.5px; z-index: 15;\">31, 2022, EXMAR Shipping BV had drawn USD 280.0 million of the revolving credit facilit<span class=\"_ SeceVJK_101\"></span>y and USD 70.0 million of</div>\n<div class=\"t m8 x1 hb y1a5 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">the term loan. We also refer to Note 39 Subsequent events.</div>\n<div class=\"t m301 x1 hb y72 SeceVJK_22 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">In general, the borrowings held by EXMAR and its equity accounted investees are secured by a mortgage on the</div>\n<div class=\"t m24c x1 hb y4f SeceVJK_22 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">underlying assets owned by EXMAR and its equity accounted investees. Fur<span class=\"_ SeceVJK_101\"></span>thermore, dif<span class=\"_ SeceVJK_101\"></span>ferent pledges and other</div>\n<div class=\"t SeceVJK_53 x1 hb y50 SeceVJK_22 fs9 fc2 sc0 ls17 wsb\" style=\"z-index: 15;\">types of guarantees exist to secure the borrowings. In addition, dividend restric<span class=\"_ SeceVJK_101\"></span>tions are included as a special</div>\n<div class=\"t m2b x1 hb y51 SeceVJK_22 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">covenant in the terms of the bond. E<span class=\"_ SeceVJK_101\"></span>XMAR shall not declare or make any dividend payment or distribution, whether</div>\n<div class=\"t SeceVJK_29 x1 hb y52 SeceVJK_22 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">in cash or in kind, that in aggregate exceed 50% of the consolidated net profit after tax (propor<span class=\"_ SeceVJK_101\"></span>tionate consolidation)</div>\n<div class=\"t SeceVJK_34 x1 hb y53 SeceVJK_22 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">based on the audited consolidated financial statements for the previous financial year. EXMAR has pledged financial</div>\n<div class=\"t m8 x1 hb y54 SeceVJK_22 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">assets as collateral for liabilities.</div>\n<div class=\"t m0 x1 h6 y1dd SeceVJK_24 fs4 fc1 sc0 ls4d ws53\" style=\"z-index: 15;\">Covenants</div>\n<div class=\"t SeceVJK_33 x1 hb y57 SeceVJK_22 fs9 fc2 sc0 ls10 wsd\" style=\"word-spacing: 0px; z-index: 15;\">Dif<span class=\"_ SeceVJK_101\"></span>ferent debt covenants exist that require compliance with cer<span class=\"_ SeceVJK_101\"></span>tain financial ratio\u2019s. These ratios are calculated semi-</div>\n<div class=\"t m306 x1 hb y58 SeceVJK_22 fs9 fc2 sc0 ls12 wsd\" style=\"word-spacing: 0px; z-index: 15;\">annually based on E<span class=\"_ SeceVJK_101\"></span>XMAR\u2019s consolidated figures in which equit<span class=\"_ SeceVJK_101\"></span>y accounted investees are not accounted for under</div>\n<div class=\"t m8 x1 hb y59 SeceVJK_22 fs9 fc2 sc0 ls2 ws1c\" style=\"z-index: 15;\">IFRS 11 but still on a propor<span class=\"_ SeceVJK_101\"></span>tionate basis (similar to accounting policies used for segment repor<span class=\"_ SeceVJK_101\"></span>ting purposes). We</div>\n<div class=\"t m8 x1 hb y1f9 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">refer to the table below for an over<span class=\"_ SeceVJK_101\"></span>view of the applicable covenants.</div>\n<div class=\"t m8 x1 hd SeceVJK_209 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">APPLICABLE COVENANTS</div>\n<div class=\"t m8 x1 hd SeceVJK_205 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Ratio</div>\n<div class=\"t m8 x8c hd SeceVJK_206 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Pressurized</div>\n<div class=\"t m8 x8d hd SeceVJK_203 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">facility</div>\n<div class=\"t m8 x8e hd SeceVJK_206 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Credit</div>\n<div class=\"t m8 SeceVJK_289 hd SeceVJK_203 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">facilities (1)</div>\n<div class=\"t m8 x8f hd SeceVJK_205 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other (2)</div>\n<div class=\"t m8 x90 hd SeceVJK_207 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Actual</div>\n<div class=\"t m8 SeceVJK_303 hd SeceVJK_205 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31,</div>\n<div class=\"t m8 SeceVJK_306 hd SeceVJK_202 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022 (3)</div>\n<div class=\"t m8 SeceVJK_314 hd SeceVJK_207 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Actual</div>\n<div class=\"t m8 x91 hd SeceVJK_205 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31,</div>\n<div class=\"t m8 x92 hd SeceVJK_202 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2021 (3)</div>\n<div class=\"t m8 x1 hc SeceVJK_197 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Minimum Book equity</div>\n<div class=\"t m8 SeceVJK_281 hc SeceVJK_198 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2265 USD 300</div>\n<div class=\"t m8 x93 hc SeceVJK_196 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">million</div>\n<div class=\"t m8 x94 hc SeceVJK_198 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2265 USD 300</div>\n<div class=\"t m8 x8e hc SeceVJK_196 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">million</div>\n<div class=\"t m8 SeceVJK_295 hc SeceVJK_200 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2265 $300m + 50%</div>\n<div class=\"t m8 SeceVJK_296 hc SeceVJK_197 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of net positive</div>\n<div class=\"t m8 SeceVJK_300 hc SeceVJK_195 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">income</div>\n<div class=\"t m8 SeceVJK_305 hc SeceVJK_198 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD 796.4</div>\n<div class=\"t m8 x90 hc SeceVJK_196 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">million</div>\n<div class=\"t m8 x95 hc SeceVJK_198 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD 536.5</div>\n<div class=\"t m8 SeceVJK_314 hc SeceVJK_196 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">million</div>\n<div class=\"t m8 x1 hc SeceVJK_192 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Minimum free cash</div>\n<div class=\"t m8 x96 hc SeceVJK_193 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2265 USD 25</div>\n<div class=\"t m8 x93 hc SeceVJK_190 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">million</div>\n<div class=\"t m8 x97 hc SeceVJK_193 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2265 USD 20</div>\n<div class=\"t m8 x8e hc SeceVJK_190 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">million</div>\n<div class=\"t m8 SeceVJK_299 hc SeceVJK_193 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2265 USD 40</div>\n<div class=\"t m8 x98 hc SeceVJK_190 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">million</div>\n<div class=\"t m8 SeceVJK_305 hc SeceVJK_193 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD 547.4</div>\n<div class=\"t m8 x90 hc SeceVJK_190 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">million</div>\n<div class=\"t m8 x95 hc SeceVJK_193 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD 107.1</div>\n<div class=\"t m8 SeceVJK_314 hc SeceVJK_190 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">million</div>\n<div class=\"t m8 x1 hc SeceVJK_189 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity ratio (Equity/Total assets)<span class=\"_ SeceVJK_121\"> </span>\u2265 25%<span class=\"_ SeceVJK_117\"> </span>NA<span class=\"_ SeceVJK_117\"> </span>NA<span class=\"_ SeceVJK_110\"> </span>59.10%<span class=\"_ SeceVJK_110\"> </span>45.39%</div>\n<div class=\"t m8 x1 hc SeceVJK_187 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net Interest-Bearing Debt or NIBD/</div>\n<div class=\"t m8 x1 hc SeceVJK_184 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">equity (4)</div>\n<div class=\"t m8 SeceVJK_286 hc SeceVJK_186 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">NA<span class=\"_ SeceVJK_117\"> </span>NA<span class=\"_ SeceVJK_117\"> </span>NA<span class=\"_ SeceVJK_117\"> </span>NA<span class=\"_ SeceVJK_116\"> </span>0.97</div>\n<div class=\"t m8 x1 hc SeceVJK_180 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest Coverage ratio (4)<span class=\"_ _217\"> </span>NA<span class=\"_ SeceVJK_117\"> </span>NA<span class=\"_ SeceVJK_117\"> </span>NA<span class=\"_ SeceVJK_117\"> </span>NA<span class=\"_ SeceVJK_116\"> </span>4.72</div>\n<div class=\"t m8 x1 hc SeceVJK_176 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Working capital<span class=\"_ SeceVJK_126\"> </span>min positive<span class=\"_ SeceVJK_105\"> </span>min positive<span class=\"_ SeceVJK_105\"> </span>min positive</div>\n<div class=\"t m8 SeceVJK_305 hc SeceVJK_178 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD 570.1</div>\n<div class=\"t m8 x90 hc SeceVJK_175 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">million</div>\n<div class=\"t m8 x95 hc SeceVJK_178 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD 146.1</div>\n<div class=\"t m8 SeceVJK_314 hc SeceVJK_175 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">million</div>\n<div class=\"t m8 x1 hc SeceVJK_173 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net financial indebtedness ratio<span class=\"_ _219\"> </span>NA<span class=\"_ SeceVJK_112\"> </span>&lt; 70%<span class=\"_ SeceVJK_117\"> </span>NA<span class=\"_ SeceVJK_109\"> </span>-14.04%<span class=\"_ SeceVJK_110\"> </span>49.56%</div>\n<div class=\"t m8 x1 hc SeceVJK_171 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Outstanding loan amount (in thousands</div>\n<div class=\"t m8 x1 hc SeceVJK_169 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of USD)</div>\n<div class=\"t m8 x99 hc SeceVJK_170 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">61,752<span class=\"_ SeceVJK_119\"> </span>-\ue61e<span class=\"_ SeceVJK_111\"> </span>10,000</div>\n<div class=\"t m8 x1 h14 SeceVJK_167 SeceVJK_26 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(1) <span class=\"_ SecVUZO_75\"> </span>In 2022, relates to the EUR credit facility, while 2021 also included the Sequoia USD facility.</div>\n<div class=\"t m8 x1 h14 SeceVJK_165 SeceVJK_26 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(2) <span class=\"_ SecVUZO_75\"> </span>Other includes the financing of the EXCALIBUR and furthermore also loan amounts which are included in the proportionate consolidation but not in the equity</div>\n<div class=\"t m8 x8b h14 SeceVJK_164 SeceVJK_26 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">consolidation for which covenants are calculated based on EXMAR Group data and consequently the outstanding balance for this covenant is not included in</div>\n<div class=\"t m8 x8b h14 SeceVJK_162 SeceVJK_26 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">the outstanding loan amount above. The outstanding loan amount for this covenant in our proportionate consolidation amounts to USD 0 million in 2022 and</div>\n<div class=\"t m8 x8b h14 SeceVJK_161 SeceVJK_26 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD 8.8 million in 2021.</div>\n<div class=\"t m8 x1 h14 SeceVJK_160 SeceVJK_26 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(3) <span class=\"_ SecVUZO_75\"> </span>The actual amounts presented are based on the most restrictive definitions.</div>\n<div class=\"t m8 x1 h14 SeceVJK_159 SeceVJK_26 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(4) <span class=\"_ SecVUZO_75\"> </span>These ratios are no longer applicable in 2022 as they related to the TANGO FNLG facility, the NOK bond and Sequoia credit facility, which were repaid/</div>\n<div class=\"t m8 x8b h14 SeceVJK_157 SeceVJK_26 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">terminated during 2022 (see above).</div>\n<div class=\"t m8 x1 hb y6e SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Explanation of the major definitions applied in the covenant calculations:</div>\n<div class=\"t m8 x1 hb y211 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m306 SeceVJK_278 hb y6f SeceVJK_22 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Free cash: cash in hand (excluding pledged or blocked cash), time deposits and, in cer<span class=\"_ SeceVJK_101\"></span>tain covenant<span class=\"_ SeceVJK_101\"></span>s, including</div>\n<div class=\"t m8 SeceVJK_278 hb y70 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">undrawn credit facilities with minimum six months to maturity;</div>\n<div class=\"t m8 x1 hb SeceVJK_152 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Interest coverage ratio: EBITDA divided by net interest expense of the financial period;</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 80px; height: 1076px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m8 xe hb SeceVJK_260 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t SeceVJK_30 x3f hb SeceVJK_260 SeceVJK_22 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">Book equity: equit<span class=\"_ SeceVJK_101\"></span>y excluding treasur<span class=\"_ SeceVJK_101\"></span>y shares and the ef<span class=\"_ SeceVJK_101\"></span>fec<span class=\"_ SeceVJK_101\"></span>t of any impairment of intangible assets and the ef<span class=\"_ SeceVJK_101\"></span>fec<span class=\"_ SeceVJK_101\"></span>t</div>\n<div class=\"t m8 x3f hb y42 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of fair value changes of any financial derivative;</div>\n<div class=\"t m8 xe hb SeceVJK_258 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m307 x3f hb y7e SeceVJK_22 fs9 fc2 sc0 ls1b wsd\" style=\"word-spacing: 0px; z-index: 15;\">Net interest-bearing debt: consolidated interest-bearing financial indebtness less free cash (and in one covenant</div>\n<div class=\"t m8 x3f hb y7f SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">also less restricted cash used as debt collateral)</div>\n<div class=\"t m8 xe hb y1fa SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t SeceVJK_52 x3f hb y43 SeceVJK_22 fs9 fc2 sc0 ls15 wsf\" style=\"margin-left: 2px; z-index: 15;\">Net interest expense interest cost (and including banking fees in cer<span class=\"_ SeceVJK_101\"></span>tain covenants) of the Group\u2019s interest-</div>\n<div class=\"t m8 x3f hb y80 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"word-spacing: 1.5px; z-index: 15;\">bearing debt less interest income of the Group including dividend received from financial assets held for sale;</div>\n<div class=\"t m8 xe hb y62a SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span><span class=\"ls22 ws15\">Working capital: current assets less current liabilities.</span></div>\n<div class=\"t SeceVJK_32 xe hb y83 SeceVJK_22 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">As of December 31, 2022 EXMAR was compliant with all covenants with sufficient headroom. EXMAR is continuously</div>\n<div class=\"t m8 xe hb y84 SeceVJK_22 fs9 fc2 sc0 ls2 ws3b\" style=\"z-index: 15;\">monitoring compliance with all applicable covenants in order to meet all covenants per June 2023 and December</div>\n<div class=\"t m8 xe hb y1e1 SeceVJK_22 fs9 fc2 sc0 ls1b ws1b\" style=\"z-index: 15;\">2023.</div>\n<div class=\"t m30b xe hb y86 SeceVJK_22 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">In case of non-compliance with these covenants, early repayment of related borrowings might be required and</div>\n<div class=\"t m8 xe hb y87 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">should therefore be accounted for as shor<span class=\"_ SeceVJK_101\"></span>t term debt.</div>\n<div class=\"t m8 xe hb yd7 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Following steps are to be taken in accordance with applicable agreements if a breach of covenant<span class=\"_ SeceVJK_101\"></span>s would occur:</div>\n<div class=\"t m8 xe hb yda SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span><span class=\"ws12\">Each borrower shall notify the Facility Agent of any Defaults (and the steps, if any, taken to remedy it) promptly </span></div>\n<div class=\"t m8 x3f hb SeceVJK_241 SeceVJK_22 fs9 fc2 sc0 ls31 ws3e\" style=\"z-index: 15;\">upon becoming aware of its occurrence.</div>\n<div class=\"t m8 xe hb SeceVJK_239 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m30c x3f hb y8a SeceVJK_22 fs9 fc2 sc0 ls11 wsc\" style=\"z-index: 15;\">Promptly, upon the request by the Facility Agent, the Borrower shall supply a certificate signed by t<span class=\"_ SeceVJK_101\"></span>wo of it<span class=\"_ SeceVJK_101\"></span>s direc-</div>\n<div class=\"t m2c3 x3f hb yd8 SeceVJK_22 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">tors cer<span class=\"_ SeceVJK_101\"></span>tif<span class=\"_ SeceVJK_101\"></span>ying that no Default is continuing, specif<span class=\"_ SeceVJK_101\"></span>ying the Default and the steps, if any, being taken to remedy it.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 855px; height: 301px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x1 h6 y1d6 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Interest risk</div>\n\n<div class=\"t m0 x1 h2 y7f ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">Interest risk policy</div>\n<div class=\"t m328 x1 hb y43 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t-b<span class=\"_ _4\"></span>ear<span class=\"_ _4\"></span>ing lo<span class=\"_ _4\"></span>ans ar<span class=\"_ _4\"></span>e mainl<span class=\"_ _4\"></span>y neg<span class=\"_ _4\"></span>otiat<span class=\"_ _4\"></span>ed wi<span class=\"_ _4\"></span>th v<span class=\"_ _4\"></span>ari<span class=\"_ _4\"></span>able i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ra<span class=\"_ _4\"></span>tes. I<span class=\"_ _4\"></span>n ord<span class=\"_ _4\"></span>er to mo<span class=\"_ _4\"></span>nito<span class=\"_ _4\"></span>r thi<span class=\"_ _4\"></span>s inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ri<span class=\"_ _4\"></span>sk<span class=\"_ _4\"></span>,</div>\n<div class=\"t m271 x1 hb y80 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p makes u<span class=\"_ _4\"></span>se of in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>st h<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ging i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s availa<span class=\"_ _4\"></span>ble o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e mar<span class=\"_ _4\"></span>ket whe<span class=\"_ _4\"></span>n man<span class=\"_ _4\"></span>age<span class=\"_ _4\"></span>ment i<span class=\"_ _4\"></span>s of the o<span class=\"_ _4\"></span>pin<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y81 ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">ion t<span class=\"_ _4\"></span>hat i<span class=\"_ _4\"></span>t is favo<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ble to d<span class=\"_ _4\"></span>o so. Fo<span class=\"_ _4\"></span>r the m<span class=\"_ _4\"></span>ome<span class=\"_ _4\"></span>nt, no i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t rat<span class=\"_ _4\"></span>e sw<span class=\"_ _4\"></span>aps ex<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t wi<span class=\"_ _4\"></span>thi<span class=\"_ _4\"></span>n our s<span class=\"_ _4\"></span>ubs<span class=\"_ _4\"></span>idia<span class=\"_ _4\"></span>rie<span class=\"_ _4\"></span>s. O<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e othe<span class=\"_ _4\"></span>r</div>\n<div class=\"t mce x1 hb y82 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">han<span class=\"_ _4\"></span>d, dif<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>t inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ra<span class=\"_ _4\"></span>te sw<span class=\"_ _4\"></span>aps ex<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t wi<span class=\"_ _4\"></span>thin o<span class=\"_ _4\"></span>ur e<span class=\"_ _4\"></span>quit<span class=\"_ _7\"></span>y acco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es. T<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup a<span class=\"_ _4\"></span>ppli<span class=\"_ _4\"></span>es he<span class=\"_ _4\"></span>dge a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unt</div>\n<div class=\"t m1c x14 hb y82 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y83 ff1 fs9 fc2 sc0 ls2 ws12\" style=\"z-index: 15;\">ing w<span class=\"_ _4\"></span>hen t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>ns to ap<span class=\"_ _4\"></span>pl<span class=\"_ _4\"></span>y hed<span class=\"_ _4\"></span>ge ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>g are me<span class=\"_ _4\"></span>t. In c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>e no he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng is a<span class=\"_ _4\"></span>ppl<span class=\"_ _4\"></span>ied, t<span class=\"_ _4\"></span>he cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x1 hb y20b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">in f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>rde<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>tem<span class=\"_ _4\"></span>ent of p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 987px; height: 119px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x1 h2 y86 ff2 fs0 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>ure t<span class=\"_ _4\"></span>o ris<span class=\"_ _4\"></span>k</div>\n<div class=\"t m8 x1 hd y5a7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y5a8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal borrowings (excluding lease liabilities)<span class=\"_ _19d\"> </span>208,083<span class=\"_ _18\"> </span>418,707</div>\n<div class=\"t m8 x1f hc y5a9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">with \ufb01xed interest rate<span class=\"_ _239\"> </span>154,669<span class=\"_ _18\"> </span>173,079</div>\n<div class=\"t m8 x1f hc y5aa ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">with variable interest rate<span class=\"_ _53\"> </span>53,414<span class=\"_ _18\"> </span>245,628</div>\n<div class=\"t m8 x1 hd y5ab ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net exposure\u2005<span class=\"_ _b5\"> </span>53,414<span class=\"_ _d\"> </span>245,628</div>\n<div class=\"t m2bb x1 hb y4c ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt of v<span class=\"_ _4\"></span>ari<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate bo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs d<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>ed s<span class=\"_ _4\"></span>igni<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>antl<span class=\"_ _4\"></span>y du<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g 2022 as a r<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>ult of t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>pay<span class=\"_ _4\"></span>ment o<span class=\"_ _4\"></span>f</div>\n<div class=\"t m2d0 x1 hb y4d ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e NOK un<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>cure<span class=\"_ _4\"></span>d bo<span class=\"_ _4\"></span>nd a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e Bank o<span class=\"_ _4\"></span>f China c<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>dit f<span class=\"_ _4\"></span>acil<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y (se<span class=\"_ _4\"></span>e Note 28 Bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owin<span class=\"_ _4\"></span>gs), wit<span class=\"_ _4\"></span>h out<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>and<span class=\"_ _4\"></span>ing b<span class=\"_ _4\"></span>alanc<span class=\"_ _4\"></span>es</div>\n<div class=\"t m8 x1 hb y4e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of USD 71<span class=\"_ _1\"></span>.3 millio<span class=\"_ _4\"></span>n an<span class=\"_ _4\"></span>d USD 1<span class=\"_ _1\"></span>29<span class=\"_ _1\"></span>.<span class=\"_ _4\"></span>3 millio<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>vely at ye<span class=\"_ _4\"></span>ar-en<span class=\"_ _4\"></span>d 2021<span class=\"_ _1\"></span>.</div>\n<div class=\"t m0 x1 h2 y4f ff2 fs0 fc2 sc0 ls39 ws35\" style=\"z-index: 15;\">Sensitivit<span class=\"_ _4\"></span>y analysis</div>\n<div class=\"t m329 x1 hb y50 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">In c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>e the i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ra<span class=\"_ _4\"></span>te wou<span class=\"_ _4\"></span>ld in<span class=\"_ _4\"></span>crea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>/<span class=\"_ _1\"></span>d<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e wit<span class=\"_ _4\"></span>h 50 b<span class=\"_ _4\"></span>asi<span class=\"_ _4\"></span>s poi<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s, the \ufb01<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s w<span class=\"_ _4\"></span>ould b<span class=\"_ _4\"></span>e im<span class=\"_ _4\"></span>pac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m8 x1 hb y51 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">wit<span class=\"_ _4\"></span>h th<span class=\"_ _4\"></span>e follo<span class=\"_ _4\"></span>win<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s (as<span class=\"_ _4\"></span>sum<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>hat all ot<span class=\"_ _4\"></span>her v<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>iabl<span class=\"_ _4\"></span>es re<span class=\"_ _4\"></span>main u<span class=\"_ _4\"></span>nch<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>):</div>\n<div class=\"t m8 x1 hd y5ac ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _61\"> </span>2022<span class=\"_ _190\"> </span>2021</div>\n<div class=\"t m8 xa1 hd y5ad ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">+ 50 bp<span class=\"_ _5b\"> </span>- 50 bp<span class=\"_ _ac\"> </span>+ 50 bp<span class=\"_ _5b\"> </span>- 50 bp</div>\n<div class=\"t m8 x1 hc y5ae ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>ariable interest rate borrowings<span class=\"_ _ad\"> </span>267<span class=\"_ _64\"> </span>-267<span class=\"_ _7a\"> </span>1,228<span class=\"_ _126\"> </span>-1,228</div>\n<div class=\"t m8 x1 hc y5af ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest rate swaps and cr<span class=\"_ _3\"></span>oss-currency rate swaps<span class=\"_ _23b\"> </span>0<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m8 x1 hd y5b0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Sensitivity (net), of which<span class=\"_ _d2\"> </span>267<span class=\"_ _23c\"> </span>-267<span class=\"_ _126\"> </span>1,228<span class=\"_ _a0\"> </span>-1,228</div>\n<div class=\"t m8 x1f hc y5b1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impact in pro\ufb01t and loss<span class=\"_ _23d\"> </span>267<span class=\"_ _1a7\"> </span>-267<span class=\"_ _7a\"> </span>1,228<span class=\"_ _126\"> </span>-1,228</div>\n<div class=\"t m8 x1f hc y5b2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impact in equity\u2005<span class=\"_ _23e\"> </span>0<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m32a x1 hb ya3 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">A sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>t por<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR<span class=\"_ _4\"></span>\u2019s intere<span class=\"_ _4\"></span>st i<span class=\"_ _4\"></span>nco<span class=\"_ _4\"></span>me is d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ived f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m bor<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>win<span class=\"_ _4\"></span>gs to e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tees w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h</div>\n<div class=\"t m11c x1 hb ya4 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">var<span class=\"_ _4\"></span>iab<span class=\"_ _4\"></span>le int<span class=\"_ _4\"></span>eres<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s. A<span class=\"_ _4\"></span>ny inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e/decr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e in th<span class=\"_ _4\"></span>e inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate wo<span class=\"_ _4\"></span>uld re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>t in an in<span class=\"_ _4\"></span>cre<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>/<span class=\"_ _1\"></span>d<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e of int<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>st</div>\n<div class=\"t m32b x1 hb ya5 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">inc<span class=\"_ _4\"></span>ome b<span class=\"_ _4\"></span>ut wo<span class=\"_ _4\"></span>uld mai<span class=\"_ _4\"></span>nly b<span class=\"_ _4\"></span>e of<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>set b<span class=\"_ _4\"></span>y an inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e/ d<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e in th<span class=\"_ _4\"></span>e inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnize<span class=\"_ _4\"></span>d by th<span class=\"_ _4\"></span>e eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m32c x1 hb ya6 ff1 fs9 fc2 sc0 ls24 wsc\" style=\"z-index: 15;\">cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee f<span class=\"_ _4\"></span>or a cor<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>ding a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt. Ac<span class=\"_ _4\"></span>cord<span class=\"_ _4\"></span>ingl<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>, any i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>ease<span class=\"_ _4\"></span>/<span class=\"_ _3\"></span>dec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e in t<span class=\"_ _4\"></span>he va<span class=\"_ _4\"></span>ria<span class=\"_ _4\"></span>ble in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>st r<span class=\"_ _4\"></span>ate a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>lied</div>\n<div class=\"t m8 x1 hb ya7 ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">on t<span class=\"_ _4\"></span>he bo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs to e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s woul<span class=\"_ _4\"></span>d have no im<span class=\"_ _4\"></span>pac<span class=\"_ _7\"></span>t on t<span class=\"_ _4\"></span>he net r<span class=\"_ _4\"></span>esu<span class=\"_ _4\"></span>lt of t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up. Th<span class=\"_ _4\"></span>eref<span class=\"_ _4\"></span>ore,</div>\n<div class=\"t m8 x1 hb y580 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owin<span class=\"_ _4\"></span>gs to e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ees h<span class=\"_ _4\"></span>ave not be<span class=\"_ _4\"></span>en i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e ab<span class=\"_ _4\"></span>ove sen<span class=\"_ _4\"></span>sit<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y anal<span class=\"_ _4\"></span>ys<span class=\"_ _4\"></span>is.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 410px; height: 721px; width: 88%; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag422": {
   "value": "The activities and assets of certain of our equity accounted investees are \ufb01nanced through shareholder borrowingsmade by the Company to the respective equity accounted investees. Such long term borrowings granted are insubstance part of the net investment in an associate or joint venture and any expected credit losses are accountedfor before allocating negative net assets.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag403": {
   "value": "\n<div><br/></div>\n<div class=\"t m0 x1 h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 2<span class=\"_ _1\"></span>0 - T<span class=\"_ _1\"></span>A<span class=\"_ _4\"></span>X ASSETS AND LIABILITIES</div>\n<div class=\"t m0 x1 h6 y1ba ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Current tax asset<span class=\"_ _4\"></span>s and li<span class=\"_ _3\"></span>abilities</div>\n<div class=\"t m8 x1 hd y491 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x85 hd y492 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31</div>\n<div class=\"t m8 x1d hd y493 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y494 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current tax assets<span class=\"_ _1f1\"> </span>1,185<span class=\"_ _15\"> </span>1,003</div>\n<div class=\"t m8 x1 hc y495 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Current tax liabilities<span class=\"_ _181\"> </span>2,873<span class=\"_ _15\"> </span>1,309</div>\n\n<div class=\"t m0 x1 h6 y496 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Deferred tax assets and liabilities</div>\n<div class=\"t m8 x86 hd y497 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2022<span class=\"_ _1f2\"> </span>December 31, 2021</div>\n<div class=\"t m8 x1 hd y498 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _1e9\"> </span>Assets<span class=\"_ _b0\"> </span>Liabilities<span class=\"_ _1ad\"> </span>Assets<span class=\"_ _b0\"> </span>Liabilities</div>\n<div class=\"t m8 x1 hc y499 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other tangible assets<span class=\"_ _1f3\"> </span>0<span class=\"_ _15\"> </span>2,618<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 x1 hc y49a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Provisions<span class=\"_ _38\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _1c\"> </span>84</div>\n<div class=\"t m8 x1 hc y49b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Employee bene\ufb01ts<span class=\"_ _be\"> </span>566<span class=\"_ _20\"> </span>0<span class=\"_ _25\"> </span>704<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 x1 hc y49c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Financial instruments<span class=\"_ _be\"> </span>0<span class=\"_ _25\"> </span>143<span class=\"_ _20\"> </span>0<span class=\"_ _25\"> </span>230</div>\n<div class=\"t m8 x1 hc y49d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>ax losses<span class=\"_ _cc\"> </span>1,071<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 x1 hc y49e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other<span class=\"_ _1f4\"> </span>0<span class=\"_ _25\"> </span>221<span class=\"_ _20\"> </span>0<span class=\"_ _1c\"> </span>65</div>\n<div class=\"t m8 x1 hd y49f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Deferred tax assets / liabilities\u2005<span class=\"_ _104\"> </span>1,637<span class=\"_ _1eb\"> </span>2,982<span class=\"_ _bf\"> </span>704<span class=\"_ _59\"> </span>379</div>\n<div class=\"t m8 x1 hc y4a0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Set off of tax assets/ liabilities<span class=\"_ _1f5\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _4c\"> </span>-379<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 x1 hc y4a1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>ax assets not recognised<span class=\"_ _1f0\"> </span>-566<span class=\"_ _20\"> </span>0<span class=\"_ _4c\"> </span>-325<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 x1 hd y4a2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Deferred tax assets and liabilities</div>\n<div class=\"t m8 x1 hd y4a3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">recognized</div>\n<div class=\"t m8 x84 hd y4a4 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">1,071<span class=\"_ _46\"> </span>2,982<span class=\"_ _1ec\"> </span>0<span class=\"_ _1ec\"> </span>0</div>\n<div class=\"t m8 x1 hc y4a5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Deductible temporary differ<span class=\"_ _3\"></span>ences<span class=\"_ _7d\"> </span>566<span class=\"_ _105\"> </span>325</div>\n<div class=\"t m8 x1 hc y4a6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unused tax losses and investment tax</div>\n<div class=\"t m8 x1 hc y4a7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">credits</div>\n<div class=\"t m8 xf hc y4a8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">62,596<span class=\"_ _9e\"> </span>65,069</div>\n<div class=\"t m8 x1 hd y4a9 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Deferred tax assets/ liabilities not</div>\n<div class=\"t m8 x1 hd y4aa ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">recognised</div>\n<div class=\"t m8 x87 hd y4ab ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">63,162<span class=\"_ _1ec\"> </span>0<span class=\"_ _54\"> </span>65,394<span class=\"_ _1ec\"> </span>0</div>\n<div class=\"t m2cc x1 hb yc5 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">The r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>tion o<span class=\"_ _4\"></span>f defe<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>axe<span class=\"_ _4\"></span>d inc<span class=\"_ _4\"></span>rea<span class=\"_ _4\"></span>sed i<span class=\"_ _4\"></span>n 2022 a<span class=\"_ _4\"></span>s a res<span class=\"_ _4\"></span>ult of t<span class=\"_ _4\"></span>he fa<span class=\"_ _4\"></span>ir val<span class=\"_ _4\"></span>ue adj<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>cord<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n relat<span class=\"_ _4\"></span>ion t<span class=\"_ _4\"></span>o</div>\n<div class=\"t m8 x1 hb ya0 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e 1<span class=\"_ _3\"></span>0<span class=\"_ _4\"></span>0% ac<span class=\"_ _4\"></span>quis<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>on of B<span class=\"_ _4\"></span>exco NV (s<span class=\"_ _4\"></span>ee No<span class=\"_ _4\"></span>te 5 Bus<span class=\"_ _4\"></span>ine<span class=\"_ _4\"></span>ss c<span class=\"_ _4\"></span>omb<span class=\"_ _4\"></span>inat<span class=\"_ _4\"></span>ions).</div>\n<div class=\"t m149 x1 hb ya1 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Ou<span class=\"_ _4\"></span>r equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s have lim<span class=\"_ _4\"></span>ited t<span class=\"_ _4\"></span>emp<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fere<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>s. D<span class=\"_ _4\"></span>efer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d ta<span class=\"_ _4\"></span>x as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s on t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x los<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s at ou<span class=\"_ _4\"></span>r joint</div>\n<div class=\"t m295 x1 hb ya2 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">vent<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>s and e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s am<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed to US<span class=\"_ _4\"></span>D 0.<span class=\"_ _1\"></span>9 milli<span class=\"_ _4\"></span>on en<span class=\"_ _4\"></span>d 2022 (2<span class=\"_ _4\"></span>021<span class=\"_ _1\"></span>: USD 0.7 million) fo<span class=\"_ _4\"></span>r the<span class=\"_ _4\"></span>ir</div>\n<div class=\"t m8 x1 hb ya3 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">sha<span class=\"_ _4\"></span>re, but have n<span class=\"_ _4\"></span>ot be<span class=\"_ _4\"></span>en re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d. A<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s have not b<span class=\"_ _4\"></span>een i<span class=\"_ _4\"></span>ncl<span class=\"_ _4\"></span>ude<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he ab<span class=\"_ _4\"></span>ove over<span class=\"_ _7\"></span>view.</div>\n<div class=\"t m2cd x1 hb ya4 ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span>x as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e not re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>f it is not p<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>bab<span class=\"_ _4\"></span>le th<span class=\"_ _4\"></span>at fu<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>re ta<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e pro\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s will b<span class=\"_ _4\"></span>e availa<span class=\"_ _4\"></span>ble a<span class=\"_ _4\"></span>gain<span class=\"_ _4\"></span>st w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m2ce x1 hb ya5 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">gro<span class=\"_ _4\"></span>up c<span class=\"_ _4\"></span>an u<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>he be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s the<span class=\"_ _4\"></span>ref<span class=\"_ _4\"></span>rom o<span class=\"_ _4\"></span>r be<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>use t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>xab<span class=\"_ _4\"></span>le pr<span class=\"_ _4\"></span>o\ufb01t<span class=\"_ _4\"></span>s c<span class=\"_ _4\"></span>ann<span class=\"_ _4\"></span>ot be m<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d on a re<span class=\"_ _4\"></span>liab<span class=\"_ _4\"></span>le ba<span class=\"_ _4\"></span>sis.</div>\n<div class=\"t m8 x1 hb ya6 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e major<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y o<span class=\"_ _4\"></span>f the t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x los<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x cre<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>s d<span class=\"_ _4\"></span>o not ex<span class=\"_ _4\"></span>pir<span class=\"_ _4\"></span>e in ti<span class=\"_ _4\"></span>me.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 443px; height: 523px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 443px; height: 696px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag406": {
   "value": "\n<div class=\"t m0 x1 h6 y496 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Deferred tax assets and liabilities</div>\n<div class=\"t m8 x86 hd y497 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2022<span class=\"_ _1f2\"> </span>December 31, 2021</div>\n<div class=\"t m8 x1 hd y498 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _1e9\"> </span>Assets<span class=\"_ _b0\"> </span>Liabilities<span class=\"_ _1ad\"> </span>Assets<span class=\"_ _b0\"> </span>Liabilities</div>\n<div class=\"t m8 x1 hc y499 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other tangible assets<span class=\"_ _1f3\"> </span>0<span class=\"_ _15\"> </span>2,618<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 x1 hc y49a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Provisions<span class=\"_ _38\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _1c\"> </span>84</div>\n<div class=\"t m8 x1 hc y49b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Employee bene\ufb01ts<span class=\"_ _be\"> </span>566<span class=\"_ _20\"> </span>0<span class=\"_ _25\"> </span>704<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 x1 hc y49c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Financial instruments<span class=\"_ _be\"> </span>0<span class=\"_ _25\"> </span>143<span class=\"_ _20\"> </span>0<span class=\"_ _25\"> </span>230</div>\n<div class=\"t m8 x1 hc y49d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>ax losses<span class=\"_ _cc\"> </span>1,071<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 x1 hc y49e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other<span class=\"_ _1f4\"> </span>0<span class=\"_ _25\"> </span>221<span class=\"_ _20\"> </span>0<span class=\"_ _1c\"> </span>65</div>\n<div class=\"t m8 x1 hd y49f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Deferred tax assets / liabilities\u2005<span class=\"_ _104\"> </span>1,637<span class=\"_ _1eb\"> </span>2,982<span class=\"_ _bf\"> </span>704<span class=\"_ _59\"> </span>379</div>\n<div class=\"t m8 x1 hc y4a0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Set off of tax assets/ liabilities<span class=\"_ _1f5\"> </span>0<span class=\"_ _20\"> </span>0<span class=\"_ _4c\"> </span>-379<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 x1 hc y4a1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>ax assets not recognised<span class=\"_ _1f0\"> </span>-566<span class=\"_ _20\"> </span>0<span class=\"_ _4c\"> </span>-325<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 x1 hd y4a2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Deferred tax assets and liabilities</div>\n<div class=\"t m8 x1 hd y4a3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">recognized</div>\n<div class=\"t m8 x84 hd y4a4 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">1,071<span class=\"_ _46\"> </span>2,982<span class=\"_ _1ec\"> </span>0<span class=\"_ _1ec\"> </span>0</div>\n<div class=\"t m8 x1 hc y4a5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Deductible temporary differ<span class=\"_ _3\"></span>ences<span class=\"_ _7d\"> </span>566<span class=\"_ _105\"> </span>325</div>\n<div class=\"t m8 x1 hc y4a6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unused tax losses and investment tax</div>\n<div class=\"t m8 x1 hc y4a7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">credits</div>\n<div class=\"t m8 xf hc y4a8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">62,596<span class=\"_ _9e\"> </span>65,069</div>\n<div class=\"t m8 x1 hd y4a9 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Deferred tax assets/ liabilities not</div>\n<div class=\"t m8 x1 hd y4aa ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">recognised</div>\n<div class=\"t m8 x87 hd y4ab ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">63,162<span class=\"_ _1ec\"> </span>0<span class=\"_ _54\"> </span>65,394<span class=\"_ _1ec\"> </span>0</div>\n<div class=\"t m2cc x1 hb yc5 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">The r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gni<span class=\"_ _4\"></span>tion o<span class=\"_ _4\"></span>f defe<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>axe<span class=\"_ _4\"></span>d inc<span class=\"_ _4\"></span>rea<span class=\"_ _4\"></span>sed i<span class=\"_ _4\"></span>n 2022 a<span class=\"_ _4\"></span>s a res<span class=\"_ _4\"></span>ult of t<span class=\"_ _4\"></span>he fa<span class=\"_ _4\"></span>ir val<span class=\"_ _4\"></span>ue adj<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s re<span class=\"_ _4\"></span>cord<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n relat<span class=\"_ _4\"></span>ion t<span class=\"_ _4\"></span>o</div>\n<div class=\"t m8 x1 hb ya0 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e 1<span class=\"_ _3\"></span>0<span class=\"_ _4\"></span>0% ac<span class=\"_ _4\"></span>quis<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>on of B<span class=\"_ _4\"></span>exco NV (s<span class=\"_ _4\"></span>ee No<span class=\"_ _4\"></span>te 5 Bus<span class=\"_ _4\"></span>ine<span class=\"_ _4\"></span>ss c<span class=\"_ _4\"></span>omb<span class=\"_ _4\"></span>inat<span class=\"_ _4\"></span>ions).</div>\n<div class=\"t m149 x1 hb ya1 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Ou<span class=\"_ _4\"></span>r equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s have lim<span class=\"_ _4\"></span>ited t<span class=\"_ _4\"></span>emp<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fere<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>s. D<span class=\"_ _4\"></span>efer<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>d ta<span class=\"_ _4\"></span>x as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s on t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x los<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s at ou<span class=\"_ _4\"></span>r joint</div>\n<div class=\"t m295 x1 hb ya2 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">vent<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>s and e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s am<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed to US<span class=\"_ _4\"></span>D 0.<span class=\"_ _1\"></span>9 milli<span class=\"_ _4\"></span>on en<span class=\"_ _4\"></span>d 2022 (2<span class=\"_ _4\"></span>021<span class=\"_ _1\"></span>: USD 0.7 million) fo<span class=\"_ _4\"></span>r the<span class=\"_ _4\"></span>ir</div>\n<div class=\"t m8 x1 hb ya3 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">sha<span class=\"_ _4\"></span>re, but have n<span class=\"_ _4\"></span>ot be<span class=\"_ _4\"></span>en re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nize<span class=\"_ _4\"></span>d. A<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s have not b<span class=\"_ _4\"></span>een i<span class=\"_ _4\"></span>ncl<span class=\"_ _4\"></span>ude<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he ab<span class=\"_ _4\"></span>ove over<span class=\"_ _7\"></span>view.</div>\n<div class=\"t m2cd x1 hb ya4 ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span>x as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e not re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>f it is not p<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>bab<span class=\"_ _4\"></span>le th<span class=\"_ _4\"></span>at fu<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>re ta<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e pro\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s will b<span class=\"_ _4\"></span>e availa<span class=\"_ _4\"></span>ble a<span class=\"_ _4\"></span>gain<span class=\"_ _4\"></span>st w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m2ce x1 hb ya5 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">gro<span class=\"_ _4\"></span>up c<span class=\"_ _4\"></span>an u<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>he be<span class=\"_ _4\"></span>ne\ufb01<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s the<span class=\"_ _4\"></span>ref<span class=\"_ _4\"></span>rom o<span class=\"_ _4\"></span>r be<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>use t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>xab<span class=\"_ _4\"></span>le pr<span class=\"_ _4\"></span>o\ufb01t<span class=\"_ _4\"></span>s c<span class=\"_ _4\"></span>ann<span class=\"_ _4\"></span>ot be m<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d on a re<span class=\"_ _4\"></span>liab<span class=\"_ _4\"></span>le ba<span class=\"_ _4\"></span>sis.</div>\n<div class=\"t m8 x1 hb ya6 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e major<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y o<span class=\"_ _4\"></span>f the t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x los<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>x cre<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>s d<span class=\"_ _4\"></span>o not ex<span class=\"_ _4\"></span>pir<span class=\"_ _4\"></span>e in ti<span class=\"_ _4\"></span>me.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 443px; height: 523px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag414": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n\n<div></div>\n\n<div class=\"t m0 x1 h11 y63 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 2<span class=\"_ _1\"></span>1 - ASSETS HELD FO<span class=\"_ _3\"></span>R SAL<span class=\"_ _3\"></span>E</div>\n<div class=\"t m8 x1 hd y4ac ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x52 hd y4ad ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Assets held</div>\n<div class=\"t m8 x88 hd y4ae ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">for sale</div>\n<div class=\"t m8 x1 hd y4af ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2021<span class=\"_ _1f6\"> </span>10,000</div>\n<div class=\"t m8 x1 hc y4b0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1f hc y4b1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairment reversal<span class=\"_ _1f7\"> </span>2,500</div>\n<div class=\"t m8 x1 hd y4b2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2021<span class=\"_ _1f8\"> </span>12,500</div>\n<div class=\"t m8 x1 hd y4b3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2022<span class=\"_ _1f6\"> </span>12,500</div>\n<div class=\"t m8 x1 hc y4b4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1f hc y4b5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Disposals<span class=\"_ _1f9\"> </span>-12,500</div>\n<div class=\"t m8 x1 hd y4b6 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2022<span class=\"_ _4b\"> </span>0</div>\n<div class=\"t m8 x1 hb y71 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">End Ma<span class=\"_ _4\"></span>rch 2<span class=\"_ _4\"></span>022, E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R sol<span class=\"_ _4\"></span>d it<span class=\"_ _4\"></span>s air<span class=\"_ _4\"></span>cr<span class=\"_ _4\"></span>af<span class=\"_ _4\"></span>t, w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h was c<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed as h<span class=\"_ _4\"></span>eld f<span class=\"_ _4\"></span>or sa<span class=\"_ _4\"></span>le.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 80px; height: 284px; width: 88%; z-index: 5;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 80px; height: 284px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 80px; height: 284px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 80px; height: 284px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag420": {
   "value": "\n<div><br/></div>\n\n<div></div>\n\n<div class=\"t m0 x1 h11 y63 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 2<span class=\"_ _1\"></span>1 - ASSETS HELD FO<span class=\"_ _3\"></span>R SAL<span class=\"_ _3\"></span>E</div>\n<div class=\"t m8 x1 hd y4ac ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x52 hd y4ad ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Assets held</div>\n<div class=\"t m8 x88 hd y4ae ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">for sale</div>\n<div class=\"t m8 x1 hd y4af ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2021<span class=\"_ _1f6\"> </span>10,000</div>\n<div class=\"t m8 x1 hc y4b0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1f hc y4b1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairment reversal<span class=\"_ _1f7\"> </span>2,500</div>\n<div class=\"t m8 x1 hd y4b2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2021<span class=\"_ _1f8\"> </span>12,500</div>\n<div class=\"t m8 x1 hd y4b3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2022<span class=\"_ _1f6\"> </span>12,500</div>\n<div class=\"t m8 x1 hc y4b4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1f hc y4b5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Disposals<span class=\"_ _1f9\"> </span>-12,500</div>\n<div class=\"t m8 x1 hd y4b6 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2022<span class=\"_ _4b\"> </span>0</div>\n<div class=\"t m8 x1 hb y71 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">End Ma<span class=\"_ _4\"></span>rch 2<span class=\"_ _4\"></span>022, E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R sol<span class=\"_ _4\"></span>d it<span class=\"_ _4\"></span>s air<span class=\"_ _4\"></span>cr<span class=\"_ _4\"></span>af<span class=\"_ _4\"></span>t, w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h was c<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed as h<span class=\"_ _4\"></span>eld f<span class=\"_ _4\"></span>or sa<span class=\"_ _4\"></span>le.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 80px; height: 284px; width: 88%; z-index: 5;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 80px; height: 284px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 80px; height: 284px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAvailableforsaleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag407": {
   "value": "\n<div class=\"t m0 x1 h11 y63 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 2<span class=\"_ _1\"></span>1 - ASSETS HELD FO<span class=\"_ _3\"></span>R SAL<span class=\"_ _3\"></span>E</div>\n<div class=\"t m8 x1 hd y4ac ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x52 hd y4ad ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Assets held</div>\n<div class=\"t m8 x88 hd y4ae ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">for sale</div>\n<div class=\"t m8 x1 hd y4af ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2021<span class=\"_ _1f6\"> </span>10,000</div>\n<div class=\"t m8 x1 hc y4b0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1f hc y4b1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impairment reversal<span class=\"_ _1f7\"> </span>2,500</div>\n<div class=\"t m8 x1 hd y4b2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2021<span class=\"_ _1f8\"> </span>12,500</div>\n<div class=\"t m8 x1 hd y4b3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per January 1, 2022<span class=\"_ _1f6\"> </span>12,500</div>\n<div class=\"t m8 x1 hc y4b4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the \ufb01nancial year</div>\n<div class=\"t m8 x1f hc y4b5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Disposals<span class=\"_ _1f9\"> </span>-12,500</div>\n<div class=\"t m8 x1 hd y4b6 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance as per December 31, 2022<span class=\"_ _4b\"> </span>0</div>\n<div class=\"t m8 x1 hb y71 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">End Ma<span class=\"_ _4\"></span>rch 2<span class=\"_ _4\"></span>022, E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R sol<span class=\"_ _4\"></span>d it<span class=\"_ _4\"></span>s air<span class=\"_ _4\"></span>cr<span class=\"_ _4\"></span>af<span class=\"_ _4\"></span>t, w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h was c<span class=\"_ _4\"></span>las<span class=\"_ _4\"></span>si<span class=\"_ _4\"></span>\ufb01ed as h<span class=\"_ _4\"></span>eld f<span class=\"_ _4\"></span>or sa<span class=\"_ _4\"></span>le.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 80px; height: 284px; width: 88%; z-index: 5;\"></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag412": {
   "value": "\n<div class=\"t m0 xe h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 2<span class=\"_ _1\"></span>2 - OTHER INVESTMENTS</div>\n<div class=\"t m8 xe hd y2f7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y2f8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Unquoted shares\u2005<span class=\"_ _1fa\"> </span>795<span class=\"_ _25\"> </span>911</div>\n<div class=\"t m8 xe hc y2f9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Quoted shares<span class=\"_ _1fb\"> </span>1,054<span class=\"_ _25\"> </span>938</div>\n<div class=\"t m8 xe hd y2fa ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity securities - FVTPL<span class=\"_ _1fc\"> </span>1,849<span class=\"_ _46\"> </span>1,849</div>\n<div class=\"t m8 xe hb y85 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e unq<span class=\"_ _4\"></span>uote<span class=\"_ _4\"></span>d sha<span class=\"_ _4\"></span>res i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de 1<span class=\"_ _1\"></span>49 s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s of Sib<span class=\"_ _4\"></span>elco, ac<span class=\"_ _4\"></span>quir<span class=\"_ _4\"></span>ed du<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ng 201<span class=\"_ _1\"></span>4.</div>\n<div class=\"t m8 xe hb yb7 ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e quote<span class=\"_ _4\"></span>d s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s incl<span class=\"_ _4\"></span>ude 1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>6,<span class=\"_ _4\"></span>338 s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es of Fro<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>a Ene<span class=\"_ _4\"></span>rgy C<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n quot<span class=\"_ _4\"></span>ed at C<span class=\"_ _4\"></span>AD 12<span class=\"_ _3\"></span>.27 on D<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>,</div>\n<div class=\"t m8 xe hb y4b7 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022 (<span class=\"_ _4\"></span>Dec<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2021<span class=\"_ _1\"></span>: CA<span class=\"_ _4\"></span>D 10.24)<span class=\"_ _1\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 938px; height: 201px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag404": {
   "value": "\n<div class=\"t m0 xe h11 y8b ff2 fsb fc3 sc0 ls56 ws5e\" style=\"z-index: 15;\">NOTE 2<span class=\"_ _1\"></span>3 -<span class=\"_ _4\"></span> INVENTORIES</div>\n<div class=\"t m8 xe hb y4b ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s a res<span class=\"_ _4\"></span>ult of t<span class=\"_ _4\"></span>he ac<span class=\"_ _4\"></span>quis<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>on of B<span class=\"_ _4\"></span>exco NV<span class=\"_ _1\"></span>, a ma<span class=\"_ _4\"></span>nuf<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>r of pr<span class=\"_ _4\"></span>ecis<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>gine<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>d sy<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>heti<span class=\"_ _4\"></span>c moo<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ng, towi<span class=\"_ _4\"></span>ng an<span class=\"_ _4\"></span>d</div>\n<div class=\"t m245 xe hb y4c ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">lif<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing r<span class=\"_ _4\"></span>op<span class=\"_ _4\"></span>es for o<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>sho<span class=\"_ _4\"></span>re, mar<span class=\"_ _4\"></span>ine an<span class=\"_ _4\"></span>d ind<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ial a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>lic<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns in 2<span class=\"_ _4\"></span>022 (se<span class=\"_ _4\"></span>e Note 5 B<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>mbi<span class=\"_ _4\"></span>nati<span class=\"_ _4\"></span>ons a<span class=\"_ _4\"></span>nd ot<span class=\"_ _4\"></span>her</div>\n<div class=\"t m8 xe hb y4d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">sha<span class=\"_ _4\"></span>re de<span class=\"_ _4\"></span>als), the Gr<span class=\"_ _4\"></span>oup h<span class=\"_ _4\"></span>old<span class=\"_ _4\"></span>s invent<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>ies, w<span class=\"_ _4\"></span>hich c<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>n be de<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>iled a<span class=\"_ _4\"></span>s follo<span class=\"_ _4\"></span>ws:</div>\n<div class=\"t m8 xe hd y4b8 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y4b9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Raw materials and supplies<span class=\"_ _33\"> </span>3,346<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hc y4ba ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Work in pr<span class=\"_ _3\"></span>ogress<span class=\"_ _1fd\"> </span>3,699<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hc y4bb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Goods purchased for r<span class=\"_ _3\"></span>esale<span class=\"_ _1fe\"> </span>139<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hc y4bc ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Advance payments<span class=\"_ _180\"> </span>561<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hc y4bd ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Finished goods<span class=\"_ _a2\"> </span>1,472<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hd y4be ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Inventories<span class=\"_ _169\"> </span>9,217<span class=\"_ _1ec\"> </span>0</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 625px; height: 234px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag401": {
   "value": "\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 xe h11 y5b ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 2<span class=\"_ _1\"></span>4 - TR<span class=\"_ _4\"></span>ADE AND OTHER RE<span class=\"_ _1\"></span>CEIV<span class=\"_ _1\"></span>ABLES</div>\n\n<div class=\"t m8 xe hd y4bf ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y4c0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade r<span class=\"_ _3\"></span>eceivables (including contract assets)<span class=\"_ _1ff\"> </span>47,087<span class=\"_ _1a\"> </span>46,826</div>\n<div class=\"t m8 xe hc y4c1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash guarantees<span class=\"_ _1b\"> </span>175<span class=\"_ _25\"> </span>199</div>\n<div class=\"t m8 xe hc y4c2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other receivables<span class=\"_ _200\"> </span>14,539<span class=\"_ _15\"> </span>3,047</div>\n<div class=\"t m8 xe hc y4c3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Deferred char<span class=\"_ _3\"></span>ges and accrued income<span class=\"_ _201\"> </span>5,289<span class=\"_ _15\"> </span>5,081</div>\n<div class=\"t m8 xe hd y1dc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other r<span class=\"_ _3\"></span>eceivables\u2005<span class=\"_ _15b\"> </span>67,089<span class=\"_ _54\"> </span>55,154</div>\n<div class=\"t m8 xe hc y4c4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Of which \ufb01nancial assets (Note 32)<span class=\"_ _26\"> </span><span class=\"ff2\">59,778<span class=\"_ _54\"> </span>48,534</span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 337px; height: 160px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m1e7 xe hb yc8 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Al<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>ugh E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR re<span class=\"_ _4\"></span>cei<span class=\"_ _4\"></span>ved t<span class=\"_ _4\"></span>he \ufb01nal Y<span class=\"_ _4\"></span>PF set<span class=\"_ _7\"></span>tle<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t fees o<span class=\"_ _4\"></span>f USD 24.4<span class=\"_ _3\"></span> millio<span class=\"_ _4\"></span>n (out of a tot<span class=\"_ _4\"></span>al of US<span class=\"_ _4\"></span>D 1<span class=\"_ _1\"></span>49<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>1 mill<span class=\"_ _4\"></span>ion) in</div>\n<div class=\"t m2cf xe hb yae ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">acc<span class=\"_ _4\"></span>orda<span class=\"_ _4\"></span>nce w<span class=\"_ _4\"></span>ith t<span class=\"_ _4\"></span>he ag<span class=\"_ _4\"></span>ree<span class=\"_ _4\"></span>d pay<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t sc<span class=\"_ _4\"></span>hed<span class=\"_ _4\"></span>ules i<span class=\"_ _4\"></span>n 2022, tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>e rec<span class=\"_ _4\"></span>eiva<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s rem<span class=\"_ _4\"></span>aine<span class=\"_ _4\"></span>d com<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le to 2021 du<span class=\"_ _4\"></span>e to</div>\n<div class=\"t m2d0 xe hb yaf ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">Bexc<span class=\"_ _4\"></span>o ente<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g into s<span class=\"_ _4\"></span>cop<span class=\"_ _4\"></span>e (im<span class=\"_ _4\"></span>pac<span class=\"_ _7\"></span>t of USD 7<span class=\"_ _2\"></span>.8 m<span class=\"_ _4\"></span>illion, s<span class=\"_ _4\"></span>ee als<span class=\"_ _4\"></span>o Note 5 B<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>mbi<span class=\"_ _4\"></span>natio<span class=\"_ _4\"></span>ns an<span class=\"_ _4\"></span>d oth<span class=\"_ _4\"></span>er sh<span class=\"_ _4\"></span>are de<span class=\"_ _4\"></span>als)</div>\n<div class=\"t m2d1 xe hb yb0 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">and n<span class=\"_ _4\"></span>ew re<span class=\"_ _4\"></span>ceiv<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>es re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>ting f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m the c<span class=\"_ _4\"></span>har<span class=\"_ _7\"></span>ter a<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>/<span class=\"_ _1\"></span>o<span class=\"_ _4\"></span>r ser<span class=\"_ _7\"></span>vic<span class=\"_ _4\"></span>e agre<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s wi<span class=\"_ _4\"></span>th Ga<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>nie (EEMSHAVEN LNG) a<span class=\"_ _4\"></span>nd</div>\n<div class=\"t m8 xe hb yb1 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Eni (<span class=\"_ _4\"></span>T<span class=\"_ _1\"></span>A<span class=\"_ _4\"></span>NGO FLN<span class=\"_ _4\"></span>G and E<span class=\"_ _4\"></span>XC<span class=\"_ _4\"></span>ALI<span class=\"_ _4\"></span>BUR).</div>\n<div class=\"t md4 xe hb yb2 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e in ot<span class=\"_ _4\"></span>her r<span class=\"_ _4\"></span>ecei<span class=\"_ _4\"></span>vab<span class=\"_ _4\"></span>les d<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing 20<span class=\"_ _4\"></span>22 c<span class=\"_ _4\"></span>an be e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>lain<span class=\"_ _4\"></span>ed by a USD 2.5 m<span class=\"_ _4\"></span>illio<span class=\"_ _4\"></span>n pre<span class=\"_ _4\"></span>mium r<span class=\"_ _4\"></span>efu<span class=\"_ _4\"></span>nd re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d to th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m2d2 xe hb yb3 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">rep<span class=\"_ _4\"></span>aym<span class=\"_ _4\"></span>ent of t<span class=\"_ _4\"></span>he Ba<span class=\"_ _4\"></span>nk of C<span class=\"_ _4\"></span>hina lo<span class=\"_ _4\"></span>an (se<span class=\"_ _4\"></span>e Note 12 Financ<span class=\"_ _4\"></span>e inc<span class=\"_ _4\"></span>ome<span class=\"_ _4\"></span>/<span class=\"_ _1\"></span>ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es) an<span class=\"_ _4\"></span>d hig<span class=\"_ _4\"></span>her ad<span class=\"_ _4\"></span>va<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>s paid t<span class=\"_ _4\"></span>o sup<span class=\"_ _4\"></span>pli<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hb yb4 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(mainl<span class=\"_ _4\"></span>y at th<span class=\"_ _4\"></span>e Inf<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ure s<span class=\"_ _4\"></span>egm<span class=\"_ _4\"></span>ent a<span class=\"_ _4\"></span>nd rel<span class=\"_ _4\"></span>ated t<span class=\"_ _4\"></span>o the En<span class=\"_ _4\"></span>i proj<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>).</div>\n\n<div></div>\n\n<div class=\"t m2d3 xe hb yb5 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s ex<span class=\"_ _4\"></span>pos<span class=\"_ _4\"></span>ure to c<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>dit a<span class=\"_ _4\"></span>nd cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks a<span class=\"_ _4\"></span>nd im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d to tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>e and o<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r rec<span class=\"_ _4\"></span>eiva<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s</div>\n<div class=\"t m2d4 xe hb yb6 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">is di<span class=\"_ _4\"></span>scl<span class=\"_ _4\"></span>ose<span class=\"_ _4\"></span>d in Not<span class=\"_ _4\"></span>e 32 Finan<span class=\"_ _4\"></span>cial r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks a<span class=\"_ _4\"></span>nd \ufb01na<span class=\"_ _4\"></span>ncial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s. I<span class=\"_ _4\"></span>n add<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>on to t<span class=\"_ _4\"></span>he imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es rec<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 xe hb ycb ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rela<span class=\"_ _4\"></span>ted p<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ies (s<span class=\"_ _4\"></span>ee Not<span class=\"_ _4\"></span>e 1<span class=\"_ _1\"></span>8),  an i<span class=\"_ _4\"></span>mpai<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>ent l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s of USD 2.3 milli<span class=\"_ _4\"></span>on wa<span class=\"_ _4\"></span>s rec<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>ed, ver<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>us USD 1<span class=\"_ _3\"></span>.<span class=\"_ _1\"></span>1 million i<span class=\"_ _4\"></span>n 2021<span class=\"_ _1\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 129px; height: 53px; width: 90%; z-index: 4;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 129px; height: 53px; width: 92%; z-index: 3;\"><br/></div>\n\n\n<div class=\"t m2d5 xe hb ycc ff1 fs9 fc2 sc0 ls14 ws23\" style=\"z-index: 15;\">Deferre<span class=\"_ _4\"></span>d charges comprise ex<span class=\"_ _4\"></span>penses already invoiced relating<span class=\"_ _3\"></span> to the next accounting year<span class=\"_ _1\"></span>, e<span class=\"_ _1\"></span>.g. hi<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>, insurances,</div>\n<div class=\"t m2d6 xe hb y4c5 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>mis<span class=\"_ _4\"></span>sio<span class=\"_ _4\"></span>ns, b<span class=\"_ _4\"></span>unker<span class=\"_ _4\"></span>s, p<span class=\"_ _4\"></span>rep<span class=\"_ _4\"></span>aid cr<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>t fa<span class=\"_ _4\"></span>cilit<span class=\"_ _7\"></span>y cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s. A<span class=\"_ _4\"></span>ccr<span class=\"_ _4\"></span>ue<span class=\"_ _4\"></span>d inc<span class=\"_ _4\"></span>ome c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ses u<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>invoi<span class=\"_ _4\"></span>ced re<span class=\"_ _4\"></span>venu<span class=\"_ _4\"></span>e relat<span class=\"_ _4\"></span>ed to t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m8 xe hb y4c6 ff1 fs9 fc2 sc0 ls28 ws1a\" style=\"z-index: 15;\">curre<span class=\"_ _4\"></span>nt accounting<span class=\"_ _3\"></span> period such as interest<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 80px; height: 53px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 80px; height: 449px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag423": {
   "value": "\n<div class=\"t m8 xe hd y4bf ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y4c0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade r<span class=\"_ _3\"></span>eceivables (including contract assets)<span class=\"_ _1ff\"> </span>47,087<span class=\"_ _1a\"> </span>46,826</div>\n<div class=\"t m8 xe hc y4c1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash guarantees<span class=\"_ _1b\"> </span>175<span class=\"_ _25\"> </span>199</div>\n<div class=\"t m8 xe hc y4c2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other receivables<span class=\"_ _200\"> </span>14,539<span class=\"_ _15\"> </span>3,047</div>\n<div class=\"t m8 xe hc y4c3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Deferred char<span class=\"_ _3\"></span>ges and accrued income<span class=\"_ _201\"> </span>5,289<span class=\"_ _15\"> </span>5,081</div>\n<div class=\"t m8 xe hd y1dc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other r<span class=\"_ _3\"></span>eceivables\u2005<span class=\"_ _15b\"> </span>67,089<span class=\"_ _54\"> </span>55,154</div>\n<div class=\"t m8 xe hc y4c4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Of which \ufb01nancial assets (Note 32)<span class=\"_ _26\"> </span><span class=\"ff2\">59,778<span class=\"_ _54\"> </span>48,534</span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 337px; height: 160px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m2d5 xe hb ycc ff1 fs9 fc2 sc0 ls14 ws23\" style=\"z-index: 15;\">Deferre<span class=\"_ _4\"></span>d charges comprise ex<span class=\"_ _4\"></span>penses already invoiced relating<span class=\"_ _3\"></span> to the next accounting year<span class=\"_ _1\"></span>, e<span class=\"_ _1\"></span>.g. hi<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>, insurances,</div>\n<div class=\"t m2d6 xe hb y4c5 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>mis<span class=\"_ _4\"></span>sio<span class=\"_ _4\"></span>ns, b<span class=\"_ _4\"></span>unker<span class=\"_ _4\"></span>s, p<span class=\"_ _4\"></span>rep<span class=\"_ _4\"></span>aid cr<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>t fa<span class=\"_ _4\"></span>cilit<span class=\"_ _7\"></span>y cos<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s. A<span class=\"_ _4\"></span>ccr<span class=\"_ _4\"></span>ue<span class=\"_ _4\"></span>d inc<span class=\"_ _4\"></span>ome c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ses u<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>invoi<span class=\"_ _4\"></span>ced re<span class=\"_ _4\"></span>venu<span class=\"_ _4\"></span>e relat<span class=\"_ _4\"></span>ed to t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m8 xe hb y4c6 ff1 fs9 fc2 sc0 ls28 ws1a\" style=\"z-index: 15;\">curre<span class=\"_ _4\"></span>nt accounting<span class=\"_ _3\"></span> period such as interest<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 80px; height: 53px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag418": {
   "value": "\n<div class=\"t m2d3 xe hb yb5 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s ex<span class=\"_ _4\"></span>pos<span class=\"_ _4\"></span>ure to c<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>dit a<span class=\"_ _4\"></span>nd cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks a<span class=\"_ _4\"></span>nd im<span class=\"_ _4\"></span>pair<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt lo<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>es re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d to tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>e and o<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r rec<span class=\"_ _4\"></span>eiva<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s</div>\n<div class=\"t m2d4 xe hb yb6 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">is di<span class=\"_ _4\"></span>scl<span class=\"_ _4\"></span>ose<span class=\"_ _4\"></span>d in Not<span class=\"_ _4\"></span>e 32 Finan<span class=\"_ _4\"></span>cial r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks a<span class=\"_ _4\"></span>nd \ufb01na<span class=\"_ _4\"></span>ncial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s. I<span class=\"_ _4\"></span>n add<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>on to t<span class=\"_ _4\"></span>he imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt los<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>es rec<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 xe hb ycb ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rela<span class=\"_ _4\"></span>ted p<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ies (s<span class=\"_ _4\"></span>ee Not<span class=\"_ _4\"></span>e 1<span class=\"_ _1\"></span>8),  an i<span class=\"_ _4\"></span>mpai<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>ent l<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>s of USD 2.3 milli<span class=\"_ _4\"></span>on wa<span class=\"_ _4\"></span>s rec<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>ed, ver<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>us USD 1<span class=\"_ _3\"></span>.<span class=\"_ _1\"></span>1 million i<span class=\"_ _4\"></span>n 2021<span class=\"_ _1\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 129px; height: 53px; width: 90%; z-index: 4;\"></div>\n\n<div class=\"t m0 xe h2 y6d ff2 fs0 fc2 sc0 ls2c ws1e\" style=\"z-index: 15;\">Impairment l<span class=\"_ _3\"></span>osses</div>\n<div class=\"t m8 xe hb y6e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s pas<span class=\"_ _4\"></span>t d<span class=\"_ _4\"></span>ue ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ding r<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>ble b<span class=\"_ _4\"></span>alanc<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e imma<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>ial, no age<span class=\"_ _4\"></span>ing an<span class=\"_ _4\"></span>aly<span class=\"_ _4\"></span>sis is d<span class=\"_ _4\"></span>isc<span class=\"_ _4\"></span>los<span class=\"_ _4\"></span>ed.</div>\n<div class=\"t m36 xe hb y6f ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">At year-<span class=\"_ _4\"></span>end 2<span class=\"_ _4\"></span>022, we rec<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>ir<span class=\"_ _4\"></span>ment c<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>ges f<span class=\"_ _4\"></span>or b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs t<span class=\"_ _4\"></span>o and t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>de re<span class=\"_ _4\"></span>cei<span class=\"_ _4\"></span>vab<span class=\"_ _4\"></span>le ba<span class=\"_ _4\"></span>lanc<span class=\"_ _4\"></span>es f<span class=\"_ _4\"></span>rom e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y</div>\n<div class=\"t m327 xe hb y70 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ees fo<span class=\"_ _4\"></span>r a tot<span class=\"_ _4\"></span>al amo<span class=\"_ _4\"></span>unt of US<span class=\"_ _4\"></span>D 1<span class=\"_ _2\"></span>1.2 millio<span class=\"_ _4\"></span>n and US<span class=\"_ _4\"></span>D 2.3 millio<span class=\"_ _4\"></span>n imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt cha<span class=\"_ _4\"></span>rge<span class=\"_ _4\"></span>s on ot<span class=\"_ _4\"></span>her (no<span class=\"_ _4\"></span>n-</div>\n<div class=\"t m8 xe hb y71 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">trad<span class=\"_ _4\"></span>e)<span class=\"_ _3\"></span> third par<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y receivable balances.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 8%; bottom: 80px; height: 86px; width: 84%; z-index: 7;\"></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag416": {
   "value": "\n<div><br/></div>\n\n<div></div>\n\n<div class=\"t m0 x1 h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 2<span class=\"_ _1\"></span>5 - RESTRIC<span class=\"_ _4\"></span>TED C<span class=\"_ _4\"></span>ASH AND C<span class=\"_ _4\"></span>ASH AND CA<span class=\"_ _4\"></span>SH E<span class=\"_ _3\"></span>QUIV<span class=\"_ _2\"></span>ALENTS</div>\n<div class=\"t m8 x1 hd y2f7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hd y2f8 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Restricted cash<span class=\"_ _202\"> </span>0<span class=\"_ _54\"> </span>76,121</div>\n<div class=\"t m8 x1 hc y4c7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank<span class=\"_ _163\"> </span>51,320<span class=\"_ _1a\"> </span>70,834</div>\n<div class=\"t m8 x1 hc y4c8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash in hand<span class=\"_ _2f\"> </span>17<span class=\"_ _1c\"> </span>73</div>\n<div class=\"t m8 x1 hc y327 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Short-term deposits<span class=\"_ _203\"> </span>468,216<span class=\"_ _25\"> </span>222</div>\n<div class=\"t m8 x1 hd y328 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net cash and cash equivalents<span class=\"_ _4e\"> </span>519,553<span class=\"_ _54\"> </span>71,130</div>\n<div class=\"t m2d7 x1 hb y87 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">In 2021<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he res<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ric<span class=\"_ _7\"></span>ted c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h rel<span class=\"_ _4\"></span>ates t<span class=\"_ _4\"></span>o the c<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>it f<span class=\"_ _4\"></span>acili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y wi<span class=\"_ _4\"></span>th t<span class=\"_ _4\"></span>he Ban<span class=\"_ _4\"></span>k of Chi<span class=\"_ _4\"></span>na for t<span class=\"_ _4\"></span>he T<span class=\"_ _1\"></span>A<span class=\"_ _4\"></span>NGO FLN<span class=\"_ _4\"></span>G that w<span class=\"_ _4\"></span>as re<span class=\"_ _7\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y8c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">leas<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n 2022 u<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>n the ea<span class=\"_ _4\"></span>rl<span class=\"_ _4\"></span>y rep<span class=\"_ _4\"></span>ayme<span class=\"_ _4\"></span>nt of t<span class=\"_ _4\"></span>he loa<span class=\"_ _4\"></span>n (se<span class=\"_ _4\"></span>e Note 4 Di<span class=\"_ _4\"></span>ves<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>es).</div>\n<div class=\"t m2d8 x1 hb y88 ff1 fs9 fc2 sc0 ls11 wsc\" style=\"z-index: 15;\">In t<span class=\"_ _4\"></span>he thir<span class=\"_ _4\"></span>d qua<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r of 2022, the c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h po<span class=\"_ _4\"></span>sit<span class=\"_ _4\"></span>ion i<span class=\"_ _4\"></span>ncre<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>ant<span class=\"_ _4\"></span>ly du<span class=\"_ _4\"></span>e to th<span class=\"_ _4\"></span>e rece<span class=\"_ _4\"></span>ipt of USD 6<span class=\"_ _4\"></span>46.7 millio<span class=\"_ _4\"></span>n pro<span class=\"_ _4\"></span>cee<span class=\"_ _4\"></span>ds<span class=\"_ _4\"></span> </div>\n<div class=\"t m2d9 x1 hb y89 ff1 fs9 fc2 sc0 ls11 wsd\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e sal<span class=\"_ _4\"></span>e of E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>t LNG L<span class=\"_ _4\"></span>td. to Eni (s<span class=\"_ _4\"></span>ee al<span class=\"_ _4\"></span>so No<span class=\"_ _4\"></span>te 4 Dive<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>ures). Af<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>er pay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e inter<span class=\"_ _4\"></span>m<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y d<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>den<span class=\"_ _4\"></span>d (Not<span class=\"_ _4\"></span>e</div>\n<div class=\"t m2da x1 hb y8a ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">26 Shar<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>pit<span class=\"_ _4\"></span>al a<span class=\"_ _4\"></span>nd re<span class=\"_ _4\"></span>ser<span class=\"_ _7\"></span>ves), th<span class=\"_ _4\"></span>e acq<span class=\"_ _4\"></span>uisi<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of th<span class=\"_ _4\"></span>e sha<span class=\"_ _4\"></span>res of B<span class=\"_ _4\"></span>exco N<span class=\"_ _4\"></span>V and S<span class=\"_ _4\"></span>olaia S<span class=\"_ _4\"></span>hip<span class=\"_ _4\"></span>pin<span class=\"_ _4\"></span>g LLC (Note 5 B<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s</div>\n<div class=\"t m2db x1 hb yd8 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>bin<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns an<span class=\"_ _4\"></span>d othe<span class=\"_ _4\"></span>r sha<span class=\"_ _4\"></span>re dea<span class=\"_ _4\"></span>ls), EXM<span class=\"_ _4\"></span>AR ha<span class=\"_ _4\"></span>s plac<span class=\"_ _4\"></span>ed USD 4<span class=\"_ _4\"></span>68.<span class=\"_ _4\"></span>2 millio<span class=\"_ _4\"></span>n on s<span class=\"_ _4\"></span>hor<span class=\"_ _7\"></span>t-ter<span class=\"_ _4\"></span>m de<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sit a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s. We</div>\n<div class=\"t m8 x1 hb y8b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">refe<span class=\"_ _4\"></span>r to th<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span>soli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>teme<span class=\"_ _4\"></span>nt of c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s for a d<span class=\"_ _4\"></span>eta<span class=\"_ _4\"></span>iled a<span class=\"_ _4\"></span>naly<span class=\"_ _4\"></span>sis of t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h move<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 839px; height: 300px; width: 90%; z-index: 4;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 839px; height: 300px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 839px; height: 300px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRestrictedCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag402": {
   "value": "\n<div></div>\n\n<div class=\"t m0 x1 h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 2<span class=\"_ _1\"></span>5 - RESTRIC<span class=\"_ _4\"></span>TED C<span class=\"_ _4\"></span>ASH AND C<span class=\"_ _4\"></span>ASH AND CA<span class=\"_ _4\"></span>SH E<span class=\"_ _3\"></span>QUIV<span class=\"_ _2\"></span>ALENTS</div>\n<div class=\"t m8 x1 hd y2f7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hd y2f8 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Restricted cash<span class=\"_ _202\"> </span>0<span class=\"_ _54\"> </span>76,121</div>\n<div class=\"t m8 x1 hc y4c7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank<span class=\"_ _163\"> </span>51,320<span class=\"_ _1a\"> </span>70,834</div>\n<div class=\"t m8 x1 hc y4c8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash in hand<span class=\"_ _2f\"> </span>17<span class=\"_ _1c\"> </span>73</div>\n<div class=\"t m8 x1 hc y327 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Short-term deposits<span class=\"_ _203\"> </span>468,216<span class=\"_ _25\"> </span>222</div>\n<div class=\"t m8 x1 hd y328 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net cash and cash equivalents<span class=\"_ _4e\"> </span>519,553<span class=\"_ _54\"> </span>71,130</div>\n<div class=\"t m2d7 x1 hb y87 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">In 2021<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he res<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ric<span class=\"_ _7\"></span>ted c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h rel<span class=\"_ _4\"></span>ates t<span class=\"_ _4\"></span>o the c<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>it f<span class=\"_ _4\"></span>acili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y wi<span class=\"_ _4\"></span>th t<span class=\"_ _4\"></span>he Ban<span class=\"_ _4\"></span>k of Chi<span class=\"_ _4\"></span>na for t<span class=\"_ _4\"></span>he T<span class=\"_ _1\"></span>A<span class=\"_ _4\"></span>NGO FLN<span class=\"_ _4\"></span>G that w<span class=\"_ _4\"></span>as re<span class=\"_ _7\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y8c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">leas<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n 2022 u<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>n the ea<span class=\"_ _4\"></span>rl<span class=\"_ _4\"></span>y rep<span class=\"_ _4\"></span>ayme<span class=\"_ _4\"></span>nt of t<span class=\"_ _4\"></span>he loa<span class=\"_ _4\"></span>n (se<span class=\"_ _4\"></span>e Note 4 Di<span class=\"_ _4\"></span>ves<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>es).</div>\n<div class=\"t m2d8 x1 hb y88 ff1 fs9 fc2 sc0 ls11 wsc\" style=\"z-index: 15;\">In t<span class=\"_ _4\"></span>he thir<span class=\"_ _4\"></span>d qua<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r of 2022, the c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h po<span class=\"_ _4\"></span>sit<span class=\"_ _4\"></span>ion i<span class=\"_ _4\"></span>ncre<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>ant<span class=\"_ _4\"></span>ly du<span class=\"_ _4\"></span>e to th<span class=\"_ _4\"></span>e rece<span class=\"_ _4\"></span>ipt of USD 6<span class=\"_ _4\"></span>46.7 millio<span class=\"_ _4\"></span>n pro<span class=\"_ _4\"></span>cee<span class=\"_ _4\"></span>ds<span class=\"_ _4\"></span> </div>\n<div class=\"t m2d9 x1 hb y89 ff1 fs9 fc2 sc0 ls11 wsd\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e sal<span class=\"_ _4\"></span>e of E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>t LNG L<span class=\"_ _4\"></span>td. to Eni (s<span class=\"_ _4\"></span>ee al<span class=\"_ _4\"></span>so No<span class=\"_ _4\"></span>te 4 Dive<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>ures). Af<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>er pay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e inter<span class=\"_ _4\"></span>m<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y d<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>den<span class=\"_ _4\"></span>d (Not<span class=\"_ _4\"></span>e</div>\n<div class=\"t m2da x1 hb y8a ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">26 Shar<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>pit<span class=\"_ _4\"></span>al a<span class=\"_ _4\"></span>nd re<span class=\"_ _4\"></span>ser<span class=\"_ _7\"></span>ves), th<span class=\"_ _4\"></span>e acq<span class=\"_ _4\"></span>uisi<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of th<span class=\"_ _4\"></span>e sha<span class=\"_ _4\"></span>res of B<span class=\"_ _4\"></span>exco N<span class=\"_ _4\"></span>V and S<span class=\"_ _4\"></span>olaia S<span class=\"_ _4\"></span>hip<span class=\"_ _4\"></span>pin<span class=\"_ _4\"></span>g LLC (Note 5 B<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s</div>\n<div class=\"t m2db x1 hb yd8 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>bin<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns an<span class=\"_ _4\"></span>d othe<span class=\"_ _4\"></span>r sha<span class=\"_ _4\"></span>re dea<span class=\"_ _4\"></span>ls), EXM<span class=\"_ _4\"></span>AR ha<span class=\"_ _4\"></span>s plac<span class=\"_ _4\"></span>ed USD 4<span class=\"_ _4\"></span>68.<span class=\"_ _4\"></span>2 millio<span class=\"_ _4\"></span>n on s<span class=\"_ _4\"></span>hor<span class=\"_ _7\"></span>t-ter<span class=\"_ _4\"></span>m de<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sit a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s. We</div>\n<div class=\"t m8 x1 hb y8b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">refe<span class=\"_ _4\"></span>r to th<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span>soli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>teme<span class=\"_ _4\"></span>nt of c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s for a d<span class=\"_ _4\"></span>eta<span class=\"_ _4\"></span>iled a<span class=\"_ _4\"></span>naly<span class=\"_ _4\"></span>sis of t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h move<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 839px; height: 300px; width: 90%; z-index: 4;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 839px; height: 300px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag424": {
   "value": "\n<div class=\"t m0 x1 h11 y42 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 2<span class=\"_ _1\"></span>5 - RESTRIC<span class=\"_ _4\"></span>TED C<span class=\"_ _4\"></span>ASH AND C<span class=\"_ _4\"></span>ASH AND CA<span class=\"_ _4\"></span>SH E<span class=\"_ _3\"></span>QUIV<span class=\"_ _2\"></span>ALENTS</div>\n<div class=\"t m8 x1 hd y2f7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hd y2f8 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Restricted cash<span class=\"_ _202\"> </span>0<span class=\"_ _54\"> </span>76,121</div>\n<div class=\"t m8 x1 hc y4c7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank<span class=\"_ _163\"> </span>51,320<span class=\"_ _1a\"> </span>70,834</div>\n<div class=\"t m8 x1 hc y4c8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash in hand<span class=\"_ _2f\"> </span>17<span class=\"_ _1c\"> </span>73</div>\n<div class=\"t m8 x1 hc y327 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Short-term deposits<span class=\"_ _203\"> </span>468,216<span class=\"_ _25\"> </span>222</div>\n<div class=\"t m8 x1 hd y328 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net cash and cash equivalents<span class=\"_ _4e\"> </span>519,553<span class=\"_ _54\"> </span>71,130</div>\n<div class=\"t m2d7 x1 hb y87 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">In 2021<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he res<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ric<span class=\"_ _7\"></span>ted c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h rel<span class=\"_ _4\"></span>ates t<span class=\"_ _4\"></span>o the c<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>it f<span class=\"_ _4\"></span>acili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y wi<span class=\"_ _4\"></span>th t<span class=\"_ _4\"></span>he Ban<span class=\"_ _4\"></span>k of Chi<span class=\"_ _4\"></span>na for t<span class=\"_ _4\"></span>he T<span class=\"_ _1\"></span>A<span class=\"_ _4\"></span>NGO FLN<span class=\"_ _4\"></span>G that w<span class=\"_ _4\"></span>as re<span class=\"_ _7\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y8c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">leas<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n 2022 u<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>n the ea<span class=\"_ _4\"></span>rl<span class=\"_ _4\"></span>y rep<span class=\"_ _4\"></span>ayme<span class=\"_ _4\"></span>nt of t<span class=\"_ _4\"></span>he loa<span class=\"_ _4\"></span>n (se<span class=\"_ _4\"></span>e Note 4 Di<span class=\"_ _4\"></span>ves<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>es).</div>\n<div class=\"t m2d8 x1 hb y88 ff1 fs9 fc2 sc0 ls11 wsc\" style=\"z-index: 15;\">In t<span class=\"_ _4\"></span>he thir<span class=\"_ _4\"></span>d qua<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>r of 2022, the c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h po<span class=\"_ _4\"></span>sit<span class=\"_ _4\"></span>ion i<span class=\"_ _4\"></span>ncre<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>ant<span class=\"_ _4\"></span>ly du<span class=\"_ _4\"></span>e to th<span class=\"_ _4\"></span>e rece<span class=\"_ _4\"></span>ipt of USD 6<span class=\"_ _4\"></span>46.7 millio<span class=\"_ _4\"></span>n pro<span class=\"_ _4\"></span>cee<span class=\"_ _4\"></span>ds<span class=\"_ _4\"></span> </div>\n<div class=\"t m2d9 x1 hb y89 ff1 fs9 fc2 sc0 ls11 wsd\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e sal<span class=\"_ _4\"></span>e of E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>t LNG L<span class=\"_ _4\"></span>td. to Eni (s<span class=\"_ _4\"></span>ee al<span class=\"_ _4\"></span>so No<span class=\"_ _4\"></span>te 4 Dive<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>ures). Af<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>er pay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e inter<span class=\"_ _4\"></span>m<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y d<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>den<span class=\"_ _4\"></span>d (Not<span class=\"_ _4\"></span>e</div>\n<div class=\"t m2da x1 hb y8a ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">26 Shar<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>pit<span class=\"_ _4\"></span>al a<span class=\"_ _4\"></span>nd re<span class=\"_ _4\"></span>ser<span class=\"_ _7\"></span>ves), th<span class=\"_ _4\"></span>e acq<span class=\"_ _4\"></span>uisi<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n of th<span class=\"_ _4\"></span>e sha<span class=\"_ _4\"></span>res of B<span class=\"_ _4\"></span>exco N<span class=\"_ _4\"></span>V and S<span class=\"_ _4\"></span>olaia S<span class=\"_ _4\"></span>hip<span class=\"_ _4\"></span>pin<span class=\"_ _4\"></span>g LLC (Note 5 B<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s</div>\n<div class=\"t m2db x1 hb yd8 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">com<span class=\"_ _4\"></span>bin<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns an<span class=\"_ _4\"></span>d othe<span class=\"_ _4\"></span>r sha<span class=\"_ _4\"></span>re dea<span class=\"_ _4\"></span>ls), EXM<span class=\"_ _4\"></span>AR ha<span class=\"_ _4\"></span>s plac<span class=\"_ _4\"></span>ed USD 4<span class=\"_ _4\"></span>68.<span class=\"_ _4\"></span>2 millio<span class=\"_ _4\"></span>n on s<span class=\"_ _4\"></span>hor<span class=\"_ _7\"></span>t-ter<span class=\"_ _4\"></span>m de<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sit a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s. We</div>\n<div class=\"t m8 x1 hb y8b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">refe<span class=\"_ _4\"></span>r to th<span class=\"_ _4\"></span>e con<span class=\"_ _4\"></span>soli<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>teme<span class=\"_ _4\"></span>nt of c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s for a d<span class=\"_ _4\"></span>eta<span class=\"_ _4\"></span>iled a<span class=\"_ _4\"></span>naly<span class=\"_ _4\"></span>sis of t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h move<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 839px; height: 300px; width: 90%; z-index: 4;\"></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag413": {
   "value": "\n<div></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x1 h11 y4e ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 2<span class=\"_ _1\"></span>6 - SHARE CAPIT<span class=\"_ _2\"></span>AL AND RESERVES</div>\n\n<div class=\"t m0 x1 h6 y4c9 ff2 fs4 fc1 sc0 ls46 ws4a\" style=\"z-index: 15;\">Share<span class=\"_ _1\"></span> c<span class=\"_ _4\"></span>apital an<span class=\"_ _3\"></span>d share<span class=\"_ _1\"></span> premium</div>\n<div class=\"t m8 x1 hd y4ca ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Number of ordinary shar<span class=\"_ _3\"></span>es<span class=\"_ _204\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y4cb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Issued shares as per January 1<span class=\"_ _205\"> </span>59,500,000<span class=\"_ _8a\"> </span>59,500,000</div>\n<div class=\"t m8 x1 hc y4cc ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Issued shares as per December 31 - paid in full<span class=\"_ _206\"> </span><span class=\"ff2\">59,500,000<span class=\"_ _195\"> </span>59,500,000</span></div>\n<div class=\"t m8 x1 hb y55 ff1 fs9 fc2 sc0 ls2 ws1c\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e is<span class=\"_ _4\"></span>sue<span class=\"_ _4\"></span>d sha<span class=\"_ _4\"></span>res have n<span class=\"_ _4\"></span>o nom<span class=\"_ _4\"></span>inal v<span class=\"_ _4\"></span>alue. Th<span class=\"_ _4\"></span>e hol<span class=\"_ _4\"></span>der<span class=\"_ _4\"></span>s of o<span class=\"_ _4\"></span>rdin<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es are e<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>tle<span class=\"_ _4\"></span>d to div<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>s and a<span class=\"_ _4\"></span>re ent<span class=\"_ _4\"></span>itl<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m8 x1 hb y4cd ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">to on<span class=\"_ _4\"></span>e vote pe<span class=\"_ _4\"></span>r sha<span class=\"_ _4\"></span>re du<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g the G<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>l Mee<span class=\"_ _4\"></span>ting of S<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>eho<span class=\"_ _4\"></span>lde<span class=\"_ _4\"></span>rs o<span class=\"_ _4\"></span>f the C<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>any.</div>\n<div class=\"t m2dc x1 hb y57 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s aut<span class=\"_ _4\"></span>hor<span class=\"_ _4\"></span>ize<span class=\"_ _4\"></span>d by th<span class=\"_ _4\"></span>e E<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>aor<span class=\"_ _4\"></span>dina<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y Ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>al M<span class=\"_ _4\"></span>eet<span class=\"_ _4\"></span>ing he<span class=\"_ _4\"></span>ld on S<span class=\"_ _4\"></span>ept<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er 1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>, 2020, t<span class=\"_ _4\"></span>he Bo<span class=\"_ _4\"></span>ard of D<span class=\"_ _4\"></span>irec<span class=\"_ _7\"></span>tor<span class=\"_ _4\"></span>s of E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR</div>\n<div class=\"t m2dd x1 hb y58 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">may<span class=\"_ _1\"></span>, fo<span class=\"_ _4\"></span>r a pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d of \ufb01ve yea<span class=\"_ _4\"></span>rs e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>iri<span class=\"_ _4\"></span>ng in Se<span class=\"_ _4\"></span>pte<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r 2025, wit<span class=\"_ _4\"></span>hin ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain le<span class=\"_ _4\"></span>gal li<span class=\"_ _4\"></span>mit<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d con<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ions, i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e the</div>\n<div class=\"t m8 x1 hb y59 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ca<span class=\"_ _4\"></span>pit<span class=\"_ _4\"></span>al of E<span class=\"_ _4\"></span>X<span class=\"_ _4\"></span>MAR N<span class=\"_ _4\"></span>V by a ma<span class=\"_ _4\"></span>xim<span class=\"_ _4\"></span>um am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>t of USD 1<span class=\"_ _1\"></span>2.0 mill<span class=\"_ _4\"></span>ion.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 542px; height: 193px; width: 92%; z-index: 3;\"></div>\n\n\n<div class=\"t m0 x1 h6 y4ce ff2 fs4 fc1 sc0 ls59 ws63\" style=\"z-index: 15;\">Dividends</div>\n<div class=\"t m2de x1 hb y5d ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15; word-spacing: -0.5px;\">Wi<span class=\"_ _4\"></span>th re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>o \ufb01nan<span class=\"_ _4\"></span>cial yea<span class=\"_ _4\"></span>r 2022, th<span class=\"_ _4\"></span>e Boar<span class=\"_ _4\"></span>d of Dir<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>rs p<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>pos<span class=\"_ _4\"></span>es a g<span class=\"_ _4\"></span>ros<span class=\"_ _4\"></span>s div<span class=\"_ _4\"></span>id<span class=\"_ _4\"></span>end of EU<span class=\"_ _4\"></span>R 1.00<span class=\"_ _7\"></span> pe<span class=\"_ _4\"></span>r shar<span class=\"_ _4\"></span>e to be</div>\n<div class=\"t m8 x1 hb y5e ff1 fs9 fc2 sc0 ls2 ws24\" style=\"z-index: 15;\">pai<span class=\"_ _4\"></span>d to ow<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>s of or<span class=\"_ _4\"></span>dina<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s. Th<span class=\"_ _4\"></span>is div<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>nd is s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>jec<span class=\"_ _4\"></span>t to a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>roval b<span class=\"_ _4\"></span>y the G<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>ral M<span class=\"_ _4\"></span>eet<span class=\"_ _4\"></span>ing of S<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>hol<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>rs of</div>\n<div class=\"t m8 x1 hb y20f ff1 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">May 1<span class=\"_ _1\"></span>6, 202<span class=\"_ _4\"></span>3 and ha<span class=\"_ _4\"></span>s the<span class=\"_ _4\"></span>refo<span class=\"_ _4\"></span>re not b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ed as a li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y in E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR<span class=\"_ _4\"></span>\u2019s cons<span class=\"_ _4\"></span>olid<span class=\"_ _4\"></span>ated \ufb01<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s p<span class=\"_ _4\"></span>re</div>\n<div class=\"t m8 x14 hb y5f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y60 ff1 fs9 fc2 sc0 ls2 ws1b\" style=\"z-index: 15; word-spacing: -1px;\">par<span class=\"_ _4\"></span>ed un<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>r IFRS. T<span class=\"_ _4\"></span>he \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l year 202<span class=\"_ _4\"></span>2 divi<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>nd, bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e num<span class=\"_ _4\"></span>ber of s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es is<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>ed, is EUR 59.5<span class=\"_ _7\"></span> millio<span class=\"_ _4\"></span>n or a</div>\n<div class=\"t m8 x1 hb y74 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">tot<span class=\"_ _4\"></span>al gro<span class=\"_ _4\"></span>ss d<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>nd of USD 63.5<span class=\"_ _4\"></span> m<span class=\"_ _4\"></span>illion.</div>\n<div class=\"t m1f7 x1 hb y76 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">On N<span class=\"_ _4\"></span>ovemb<span class=\"_ _4\"></span>er 2, 2022 a S<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>cial Ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>al M<span class=\"_ _4\"></span>eet<span class=\"_ _4\"></span>ing of S<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>hold<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s ap<span class=\"_ _4\"></span>prove<span class=\"_ _4\"></span>d a gro<span class=\"_ _4\"></span>ss i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>dia<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y di<span class=\"_ _4\"></span>vid<span class=\"_ _4\"></span>end o<span class=\"_ _4\"></span>f EUR</div>\n<div class=\"t m8 x1 hb y61 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0.<span class=\"_ _1\"></span>95 pe<span class=\"_ _4\"></span>r sha<span class=\"_ _4\"></span>re or a tot<span class=\"_ _4\"></span>al g<span class=\"_ _4\"></span>ros<span class=\"_ _4\"></span>s div<span class=\"_ _4\"></span>id<span class=\"_ _4\"></span>end of EU<span class=\"_ _4\"></span>R 56.5 milli<span class=\"_ _4\"></span>on or US<span class=\"_ _4\"></span>D 56.0 millio<span class=\"_ _4\"></span>n.</div>\n<div class=\"t m2df x1 hb y77 ff1 fs9 fc2 sc0 ls16 wsf\" style=\"z-index: 15;\">On M<span class=\"_ _4\"></span>ay 2022, the G<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>l Mee<span class=\"_ _4\"></span>ting of S<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>eho<span class=\"_ _4\"></span>lde<span class=\"_ _4\"></span>rs a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>roved a g<span class=\"_ _4\"></span>ros<span class=\"_ _4\"></span>s di<span class=\"_ _4\"></span>vid<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>d of EUR 0.08 p<span class=\"_ _4\"></span>er s<span class=\"_ _4\"></span>hare o<span class=\"_ _4\"></span>r a tot<span class=\"_ _4\"></span>al</div>\n<div class=\"t m8 x1 hb y63 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">gro<span class=\"_ _4\"></span>ss d<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>den<span class=\"_ _4\"></span>d of EUR 4.8 milli<span class=\"_ _4\"></span>on or US<span class=\"_ _4\"></span>D 5.2 milli<span class=\"_ _4\"></span>on.</div>\n<div class=\"t m2e0 x1 hb y64 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">In May 2021<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he Ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>al Me<span class=\"_ _4\"></span>eti<span class=\"_ _4\"></span>ng of Sha<span class=\"_ _4\"></span>reh<span class=\"_ _4\"></span>old<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s ap<span class=\"_ _4\"></span>prove<span class=\"_ _4\"></span>d a gro<span class=\"_ _4\"></span>ss d<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>den<span class=\"_ _4\"></span>d of EUR 0.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5 pe<span class=\"_ _4\"></span>r sha<span class=\"_ _4\"></span>re or a to<span class=\"_ _4\"></span>tal g<span class=\"_ _4\"></span>ros<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x1 hb y65 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">div<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>nd of EUR 1<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>9 millio<span class=\"_ _4\"></span>n or USD 21<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>9 millio<span class=\"_ _4\"></span>n.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 311px; height: 210px; width: 92%; z-index: 3;\"><br/></div>\n\n\n<div class=\"t m0 x1 h6 y4cf ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>reasur<span class=\"_ _4\"></span>y shares</div>\n<div class=\"t m8 x1 hb y68 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e res<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ve f<span class=\"_ _4\"></span>or tr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s com<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>es th<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>he Co<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>any<span class=\"_ _4\"></span>\u2019<span class=\"_ _1\"></span>s s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es he<span class=\"_ _4\"></span>ld by t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up.</div>\n<div class=\"t m8 x1d hd y4d0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y4d1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Number of treasury shar<span class=\"_ _3\"></span>es held as of December 31<span class=\"_ _83\"> </span>2,273,263<span class=\"_ _8e\"> </span>2,273,263</div>\n<div class=\"t m8 x1 hc y4d2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Book value of treasury shar<span class=\"_ _3\"></span>es held (in thousands USD)<span class=\"_ _19\"> </span>44,349<span class=\"_ _1a\"> </span>44,349</div>\n<div class=\"t m8 x1 hc y4d3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Average cost price per shar<span class=\"_ _3\"></span>e (in EUR) - historical value<span class=\"_ _207\"> </span>14.1507<span class=\"_ _18\"> </span>14.1507</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 156px; height: 134px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 156px; height: 620px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 xe h6 y1d6 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ranslation reserve</div>\n<div class=\"t m2e1 xe hb y7f ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">The t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>latio<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>ve com<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>ise<span class=\"_ _4\"></span>s all for<span class=\"_ _4\"></span>eign e<span class=\"_ _4\"></span>xcha<span class=\"_ _4\"></span>nge di<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>renc<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>isi<span class=\"_ _4\"></span>ng fr<span class=\"_ _4\"></span>om t<span class=\"_ _4\"></span>he tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>lat<span class=\"_ _4\"></span>ion of t<span class=\"_ _4\"></span>he \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l st<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y43 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s of Grou<span class=\"_ _4\"></span>p<span class=\"_ _3\"></span>\u2019<span class=\"_ _3\"></span>s sub<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>iar<span class=\"_ _4\"></span>ies w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h have a fu<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>onal c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y dif<span class=\"_ _7\"></span>fere<span class=\"_ _4\"></span>nt t<span class=\"_ _4\"></span>han t<span class=\"_ _4\"></span>he USD re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ng cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m2e2 xe hb y80 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">dire<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>niti<span class=\"_ _4\"></span>on of t<span class=\"_ _4\"></span>he tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>lati<span class=\"_ _4\"></span>on of t<span class=\"_ _4\"></span>he net i<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>a gro<span class=\"_ _4\"></span>up inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt in a fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n ope<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n (expr<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d in Ar<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y81 ff1 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">ian p<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>o) whic<span class=\"_ _4\"></span>h is goi<span class=\"_ _4\"></span>ng for<span class=\"_ _7\"></span>wa<span class=\"_ _4\"></span>rd re<span class=\"_ _4\"></span>cor<span class=\"_ _4\"></span>ded i<span class=\"_ _4\"></span>n O<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r com<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>hen<span class=\"_ _4\"></span>sive i<span class=\"_ _4\"></span>nco<span class=\"_ _4\"></span>me. The b<span class=\"_ _4\"></span>alan<span class=\"_ _4\"></span>ce in t<span class=\"_ _4\"></span>he tr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>nsla<span class=\"_ _4\"></span>tion r<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ve</div>\n<div class=\"t m8 xe hb y1c9 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">is mai<span class=\"_ _4\"></span>nly im<span class=\"_ _4\"></span>pac<span class=\"_ _7\"></span>ted by t<span class=\"_ _4\"></span>he ap<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>ecia<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n or de<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>ciat<span class=\"_ _4\"></span>ion o<span class=\"_ _4\"></span>f the EUR t<span class=\"_ _4\"></span>o the US<span class=\"_ _4\"></span>D<span class=\"_ _3\"></span>.</div>\n\n<div class=\"t m0 xe h6 y1bb ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Hedging reserve</div>\n<div class=\"t m2c1 xe hb y86 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e hed<span class=\"_ _4\"></span>ging r<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ve co<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>ris<span class=\"_ _4\"></span>es t<span class=\"_ _4\"></span>he ef<span class=\"_ _7\"></span>fec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ive p<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion of t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>umul<span class=\"_ _4\"></span>ative n<span class=\"_ _4\"></span>et ch<span class=\"_ _4\"></span>ange i<span class=\"_ _4\"></span>n the f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue of c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow</div>\n<div class=\"t m8 xe hb y87 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">he<span class=\"_ _4\"></span>dgin<span class=\"_ _4\"></span>g ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>d to t<span class=\"_ _4\"></span>he he<span class=\"_ _4\"></span>dge<span class=\"_ _4\"></span>d tr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>sac<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>ns tha<span class=\"_ _4\"></span>t have not yet o<span class=\"_ _4\"></span>cc<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>.</div>\n<div class=\"t m2e3 xe hb y8c ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">In ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain of o<span class=\"_ _4\"></span>ur eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es, int<span class=\"_ _4\"></span>eres<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate s<span class=\"_ _4\"></span>wa<span class=\"_ _4\"></span>ps (IRS<span class=\"_ _4\"></span>) co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s have b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n clos<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>o cover t<span class=\"_ _4\"></span>heir</div>\n<div class=\"t m8 xe hb y88 ff1 fs9 fc2 sc0 ls17 ws2c\" style=\"z-index: 15;\">exp<span class=\"_ _4\"></span>osure on va<span class=\"_ _4\"></span>riable inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t rates.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 905px; height: 94px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 905px; height: 226px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag419": {
   "value": "\n<div class=\"t m0 x1 h6 y4c9 ff2 fs4 fc1 sc0 ls46 ws4a\" style=\"z-index: 15;\">Share<span class=\"_ _1\"></span> c<span class=\"_ _4\"></span>apital an<span class=\"_ _3\"></span>d share<span class=\"_ _1\"></span> premium</div>\n<div class=\"t m8 x1 hd y4ca ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Number of ordinary shar<span class=\"_ _3\"></span>es<span class=\"_ _204\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y4cb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Issued shares as per January 1<span class=\"_ _205\"> </span>59,500,000<span class=\"_ _8a\"> </span>59,500,000</div>\n<div class=\"t m8 x1 hc y4cc ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Issued shares as per December 31 - paid in full<span class=\"_ _206\"> </span><span class=\"ff2\">59,500,000<span class=\"_ _195\"> </span>59,500,000</span></div>\n<div class=\"t m8 x1 hb y55 ff1 fs9 fc2 sc0 ls2 ws1c\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e is<span class=\"_ _4\"></span>sue<span class=\"_ _4\"></span>d sha<span class=\"_ _4\"></span>res have n<span class=\"_ _4\"></span>o nom<span class=\"_ _4\"></span>inal v<span class=\"_ _4\"></span>alue. Th<span class=\"_ _4\"></span>e hol<span class=\"_ _4\"></span>der<span class=\"_ _4\"></span>s of o<span class=\"_ _4\"></span>rdin<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es are e<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>tle<span class=\"_ _4\"></span>d to div<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>s and a<span class=\"_ _4\"></span>re ent<span class=\"_ _4\"></span>itl<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m8 x1 hb y4cd ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">to on<span class=\"_ _4\"></span>e vote pe<span class=\"_ _4\"></span>r sha<span class=\"_ _4\"></span>re du<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g the G<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>l Mee<span class=\"_ _4\"></span>ting of S<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>eho<span class=\"_ _4\"></span>lde<span class=\"_ _4\"></span>rs o<span class=\"_ _4\"></span>f the C<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>any.</div>\n<div class=\"t m2dc x1 hb y57 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s aut<span class=\"_ _4\"></span>hor<span class=\"_ _4\"></span>ize<span class=\"_ _4\"></span>d by th<span class=\"_ _4\"></span>e E<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>aor<span class=\"_ _4\"></span>dina<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y Ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>al M<span class=\"_ _4\"></span>eet<span class=\"_ _4\"></span>ing he<span class=\"_ _4\"></span>ld on S<span class=\"_ _4\"></span>ept<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er 1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>, 2020, t<span class=\"_ _4\"></span>he Bo<span class=\"_ _4\"></span>ard of D<span class=\"_ _4\"></span>irec<span class=\"_ _7\"></span>tor<span class=\"_ _4\"></span>s of E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR</div>\n<div class=\"t m2dd x1 hb y58 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">may<span class=\"_ _1\"></span>, fo<span class=\"_ _4\"></span>r a pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d of \ufb01ve yea<span class=\"_ _4\"></span>rs e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>iri<span class=\"_ _4\"></span>ng in Se<span class=\"_ _4\"></span>pte<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r 2025, wit<span class=\"_ _4\"></span>hin ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain le<span class=\"_ _4\"></span>gal li<span class=\"_ _4\"></span>mit<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d con<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ions, i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e the</div>\n<div class=\"t m8 x1 hb y59 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ca<span class=\"_ _4\"></span>pit<span class=\"_ _4\"></span>al of E<span class=\"_ _4\"></span>X<span class=\"_ _4\"></span>MAR N<span class=\"_ _4\"></span>V by a ma<span class=\"_ _4\"></span>xim<span class=\"_ _4\"></span>um am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>t of USD 1<span class=\"_ _1\"></span>2.0 mill<span class=\"_ _4\"></span>ion.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 542px; height: 193px; width: 92%; z-index: 3;\"></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag405": {
   "value": "\n<div class=\"t m0 x1 h6 y4ce ff2 fs4 fc1 sc0 ls59 ws63\" style=\"z-index: 15;\">Dividends</div>\n<div class=\"t m2de x1 hb y5d ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15; word-spacing: -0.5px;\">Wi<span class=\"_ _4\"></span>th re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>o \ufb01nan<span class=\"_ _4\"></span>cial yea<span class=\"_ _4\"></span>r 2022, th<span class=\"_ _4\"></span>e Boar<span class=\"_ _4\"></span>d of Dir<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>rs p<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>pos<span class=\"_ _4\"></span>es a g<span class=\"_ _4\"></span>ros<span class=\"_ _4\"></span>s div<span class=\"_ _4\"></span>id<span class=\"_ _4\"></span>end of EU<span class=\"_ _4\"></span>R 1.00<span class=\"_ _7\"></span> pe<span class=\"_ _4\"></span>r shar<span class=\"_ _4\"></span>e to be</div>\n<div class=\"t m8 x1 hb y5e ff1 fs9 fc2 sc0 ls2 ws24\" style=\"z-index: 15;\">pai<span class=\"_ _4\"></span>d to ow<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>s of or<span class=\"_ _4\"></span>dina<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s. Th<span class=\"_ _4\"></span>is div<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>nd is s<span class=\"_ _4\"></span>ub<span class=\"_ _4\"></span>jec<span class=\"_ _4\"></span>t to a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>roval b<span class=\"_ _4\"></span>y the G<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>ral M<span class=\"_ _4\"></span>eet<span class=\"_ _4\"></span>ing of S<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>hol<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>rs of</div>\n<div class=\"t m8 x1 hb y20f ff1 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">May 1<span class=\"_ _1\"></span>6, 202<span class=\"_ _4\"></span>3 and ha<span class=\"_ _4\"></span>s the<span class=\"_ _4\"></span>refo<span class=\"_ _4\"></span>re not b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ed as a li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y in E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR<span class=\"_ _4\"></span>\u2019s cons<span class=\"_ _4\"></span>olid<span class=\"_ _4\"></span>ated \ufb01<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s p<span class=\"_ _4\"></span>re</div>\n<div class=\"t m8 x14 hb y5f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y60 ff1 fs9 fc2 sc0 ls2 ws1b\" style=\"z-index: 15; word-spacing: -1px;\">par<span class=\"_ _4\"></span>ed un<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>r IFRS. T<span class=\"_ _4\"></span>he \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l year 202<span class=\"_ _4\"></span>2 divi<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>nd, bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e num<span class=\"_ _4\"></span>ber of s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es is<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>ed, is EUR 59.5<span class=\"_ _7\"></span> millio<span class=\"_ _4\"></span>n or a</div>\n<div class=\"t m8 x1 hb y74 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">tot<span class=\"_ _4\"></span>al gro<span class=\"_ _4\"></span>ss d<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>nd of USD 63.5<span class=\"_ _4\"></span> m<span class=\"_ _4\"></span>illion.</div>\n<div class=\"t m1f7 x1 hb y76 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">On N<span class=\"_ _4\"></span>ovemb<span class=\"_ _4\"></span>er 2, 2022 a S<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>cial Ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>al M<span class=\"_ _4\"></span>eet<span class=\"_ _4\"></span>ing of S<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>hold<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s ap<span class=\"_ _4\"></span>prove<span class=\"_ _4\"></span>d a gro<span class=\"_ _4\"></span>ss i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>dia<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>y di<span class=\"_ _4\"></span>vid<span class=\"_ _4\"></span>end o<span class=\"_ _4\"></span>f EUR</div>\n<div class=\"t m8 x1 hb y61 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">0.<span class=\"_ _1\"></span>95 pe<span class=\"_ _4\"></span>r sha<span class=\"_ _4\"></span>re or a tot<span class=\"_ _4\"></span>al g<span class=\"_ _4\"></span>ros<span class=\"_ _4\"></span>s div<span class=\"_ _4\"></span>id<span class=\"_ _4\"></span>end of EU<span class=\"_ _4\"></span>R 56.5 milli<span class=\"_ _4\"></span>on or US<span class=\"_ _4\"></span>D 56.0 millio<span class=\"_ _4\"></span>n.</div>\n<div class=\"t m2df x1 hb y77 ff1 fs9 fc2 sc0 ls16 wsf\" style=\"z-index: 15;\">On M<span class=\"_ _4\"></span>ay 2022, the G<span class=\"_ _4\"></span>ene<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>l Mee<span class=\"_ _4\"></span>ting of S<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>eho<span class=\"_ _4\"></span>lde<span class=\"_ _4\"></span>rs a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>roved a g<span class=\"_ _4\"></span>ros<span class=\"_ _4\"></span>s di<span class=\"_ _4\"></span>vid<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>d of EUR 0.08 p<span class=\"_ _4\"></span>er s<span class=\"_ _4\"></span>hare o<span class=\"_ _4\"></span>r a tot<span class=\"_ _4\"></span>al</div>\n<div class=\"t m8 x1 hb y63 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">gro<span class=\"_ _4\"></span>ss d<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>den<span class=\"_ _4\"></span>d of EUR 4.8 milli<span class=\"_ _4\"></span>on or US<span class=\"_ _4\"></span>D 5.2 milli<span class=\"_ _4\"></span>on.</div>\n<div class=\"t m2e0 x1 hb y64 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">In May 2021<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he Ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>al Me<span class=\"_ _4\"></span>eti<span class=\"_ _4\"></span>ng of Sha<span class=\"_ _4\"></span>reh<span class=\"_ _4\"></span>old<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s ap<span class=\"_ _4\"></span>prove<span class=\"_ _4\"></span>d a gro<span class=\"_ _4\"></span>ss d<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>den<span class=\"_ _4\"></span>d of EUR 0.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5 pe<span class=\"_ _4\"></span>r sha<span class=\"_ _4\"></span>re or a to<span class=\"_ _4\"></span>tal g<span class=\"_ _4\"></span>ros<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x1 hb y65 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">div<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>nd of EUR 1<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>9 millio<span class=\"_ _4\"></span>n or USD 21<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>9 millio<span class=\"_ _4\"></span>n.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 311px; height: 210px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag421": {
   "value": "\n<div class=\"t m0 x1 h6 y4cf ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>reasur<span class=\"_ _4\"></span>y shares</div>\n<div class=\"t m8 x1 hb y68 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e res<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ve f<span class=\"_ _4\"></span>or tr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>y s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s com<span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>es th<span class=\"_ _4\"></span>e cos<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>he Co<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>any<span class=\"_ _4\"></span>\u2019<span class=\"_ _1\"></span>s s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es he<span class=\"_ _4\"></span>ld by t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up.</div>\n<div class=\"t m8 x1d hd y4d0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y4d1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Number of treasury shar<span class=\"_ _3\"></span>es held as of December 31<span class=\"_ _83\"> </span>2,273,263<span class=\"_ _8e\"> </span>2,273,263</div>\n<div class=\"t m8 x1 hc y4d2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Book value of treasury shar<span class=\"_ _3\"></span>es held (in thousands USD)<span class=\"_ _19\"> </span>44,349<span class=\"_ _1a\"> </span>44,349</div>\n<div class=\"t m8 x1 hc y4d3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Average cost price per shar<span class=\"_ _3\"></span>e (in EUR) - historical value<span class=\"_ _207\"> </span>14.1507<span class=\"_ _18\"> </span>14.1507</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 156px; height: 134px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag430": {
   "value": "\n<div class=\"t m0 xe h11 y4e ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 2<span class=\"_ _1\"></span>7 - E<span class=\"_ _4\"></span>ARNINGS P<span class=\"_ _3\"></span>ER SHARE</div>\n<div class=\"t m8 x89 hd y4d4 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y4d5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Result for the period, attributable to owners of the Company (in USD)<span class=\"_ _b\"> </span>320,317,483<span class=\"_ _b1\"> </span>11,599,651</div>\n<div class=\"t m8 xe hc y4d6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Issued ordinary shar<span class=\"_ _3\"></span>es as per December 31<span class=\"_ _30\"> </span>59,500,000<span class=\"_ _2e\"> </span>59,500,000</div>\n<div class=\"t m8 xe hc y4d7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Effect of tr<span class=\"_ _3\"></span>easury shares<span class=\"_ _28\"> </span>-2,273,263<span class=\"_ _126\"> </span>-2,273,263</div>\n<div class=\"t m8 xe hc y4d8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Weighted average number of or<span class=\"_ _3\"></span>dinary shares as per December 31<span class=\"_ _115\"> </span>57,226,737<span class=\"_ _8a\"> </span>57,226,737</div>\n<div class=\"t m8 xe hd y1da ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Basic earnings per share in USD<span class=\"_ _a9\"> </span>5.60<span class=\"_ _208\"> </span>0.20</div>\n<div class=\"t m8 x89 hd y4d9 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y4da ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Result for the period, attributable to owners of the Company (in USD)<span class=\"_ _b\"> </span>320,317,483<span class=\"_ _b1\"> </span>11,599,651</div>\n<div class=\"t m8 xe hc y4db ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Weighted average number of or<span class=\"_ _3\"></span>dinary shares as per December 31<span class=\"_ _115\"> </span>57,226,737<span class=\"_ _8a\"> </span>57,226,737</div>\n<div class=\"t m8 xe hc y4dc ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Dilution effect of shar<span class=\"_ _3\"></span>e based compensation<span class=\"_ _209\"> </span>0<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hc y4dd ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Weighted average number of or<span class=\"_ _3\"></span>dinary shares including options\u2005<span class=\"_ _10e\"> </span>57,226,737<span class=\"_ _8a\"> </span>57,226,737</div>\n<div class=\"t m8 xe hd y4de ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Diluted earnings per share in USD<span class=\"_ _61\"> </span>5.60<span class=\"_ _5d\"> </span>0.20</div>\n<div class=\"t m2e4 xe hb ya6 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s opt<span class=\"_ _4\"></span>ion p<span class=\"_ _4\"></span>lans 9 a<span class=\"_ _4\"></span>nd 10 are ant<span class=\"_ _4\"></span>i-<span class=\"_ _4\"></span>dil<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>ve as pe<span class=\"_ _4\"></span>r De<span class=\"_ _4\"></span>cem<span class=\"_ _4\"></span>ber 31<span class=\"_ _1\"></span>, 2022 a<span class=\"_ _4\"></span>nd 2021 th<span class=\"_ _4\"></span>ey are no<span class=\"_ _4\"></span>t incl<span class=\"_ _4\"></span>ude<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he c<span class=\"_ _4\"></span>alc<span class=\"_ _4\"></span>u</div>\n<div class=\"t m230 x3d hb ya6 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 xe hb ya7 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">lati<span class=\"_ _4\"></span>on of t<span class=\"_ _4\"></span>he dil<span class=\"_ _4\"></span>ute<span class=\"_ _4\"></span>d ear<span class=\"_ _4\"></span>ning<span class=\"_ _4\"></span>s pe<span class=\"_ _4\"></span>r sha<span class=\"_ _4\"></span>re.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 426px; height: 350px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag426": {
   "value": "\n<div></div>\n<div class=\"t m0 xe h6 y1d6 ff2 fs4 fc1 sc0 lsd ws58\" style=\"z-index: 15;\">Bank loans</div>\n<div class=\"t m8 xe hb y7f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e ban<span class=\"_ _4\"></span>k loan<span class=\"_ _4\"></span>s mainl<span class=\"_ _4\"></span>y rela<span class=\"_ _4\"></span>te to:</div>\n<div class=\"t m0 xe h6 y80 ff5 fs4 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">FLANDERS INNOV<span class=\"_ _1\"></span>A<span class=\"_ _2\"></span>TION &amp; FLANDERS PIONEER \u2013 USD 135.5 million (2021: 140.9 million)</div>\n<div class=\"t m2e5 xe hb y81 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">In 2021<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up ob<span class=\"_ _4\"></span>tai<span class=\"_ _4\"></span>ned U<span class=\"_ _4\"></span>SD 1<span class=\"_ _1\"></span>4<span class=\"_ _4\"></span>4.0 millio<span class=\"_ _4\"></span>n \ufb01nan<span class=\"_ _4\"></span>cing f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e t<span class=\"_ _4\"></span>wo ne<span class=\"_ _4\"></span>w VLGC\u2019s: FL<span class=\"_ _4\"></span>ANDER<span class=\"_ _4\"></span>S INNOVA<span class=\"_ _1\"></span>TION s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing</div>\n<div class=\"t m2e6 xe hb y82 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">in Ju<span class=\"_ _4\"></span>ne 2021 (USD 72.0 million) an<span class=\"_ _4\"></span>d FL<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span>NDERS PIO<span class=\"_ _4\"></span>NEER st<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g in Se<span class=\"_ _4\"></span>ptem<span class=\"_ _4\"></span>be<span class=\"_ _4\"></span>r 2021 (<span class=\"_ _3\"></span>als<span class=\"_ _4\"></span>o USD 72.<span class=\"_ _3\"></span>0 millio<span class=\"_ _4\"></span>n) and</div>\n<div class=\"t m20 xe hb y83 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">mat<span class=\"_ _4\"></span>uri<span class=\"_ _4\"></span>ng in \ufb01<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>n year<span class=\"_ _4\"></span>s. T<span class=\"_ _4\"></span>he wei<span class=\"_ _4\"></span>ghte<span class=\"_ _4\"></span>d aver<span class=\"_ _4\"></span>age in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>st r<span class=\"_ _4\"></span>ate i<span class=\"_ _4\"></span>mpli<span class=\"_ _4\"></span>cit i<span class=\"_ _4\"></span>n the<span class=\"_ _4\"></span>se lo<span class=\"_ _4\"></span>ans a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to 5.62%. E<span class=\"_ _4\"></span>X<span class=\"_ _4\"></span>MAR N<span class=\"_ _4\"></span>V</div>\n<div class=\"t m8 xe hb y84 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">has g<span class=\"_ _4\"></span>uar<span class=\"_ _4\"></span>ante<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>he un<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>rly<span class=\"_ _4\"></span>ing o<span class=\"_ _4\"></span>blig<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns.</div>\n<div class=\"t m0 xe h6 y86 ff5 fs4 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LPG pressurized facilities - USD 42.6 million (2021: USD 43.9 million)</div>\n<div class=\"t m2e7 xe hb y87 ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15; word-spacing: 0px;\">In t<span class=\"_ _4\"></span>he las<span class=\"_ _4\"></span>t q<span class=\"_ _4\"></span>uar<span class=\"_ _7\"></span>ter of 201<span class=\"_ _3\"></span>8 and i<span class=\"_ _4\"></span>n Ap<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>l 201<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>, EX<span class=\"_ _4\"></span>MAR r<span class=\"_ _4\"></span>e\ufb01na<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>d res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>vely six<span class=\"_ _4\"></span> and f<span class=\"_ _4\"></span>our of i<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s LPG p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ized \ufb02<span class=\"_ _4\"></span>eet</div>\n<div class=\"t m2e8 xe hb y8c ff1 fs9 fc2 sc0 ls24 wsd\" style=\"z-index: 15;\">ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ls th<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>gh a JO<span class=\"_ _4\"></span>LC<span class=\"_ _3\"></span>O (Jap<span class=\"_ _4\"></span>ane<span class=\"_ _4\"></span>se O<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ing L<span class=\"_ _4\"></span>ease w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h Ca<span class=\"_ _4\"></span>ll Opt<span class=\"_ _4\"></span>ion) s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _7\"></span>tur<span class=\"_ _4\"></span>e. The lo<span class=\"_ _4\"></span>ans a<span class=\"_ _4\"></span>re rep<span class=\"_ _4\"></span>ayab<span class=\"_ _4\"></span>le in q<span class=\"_ _4\"></span>uar<span class=\"_ _7\"></span>ter<span class=\"_ _4\"></span>ly</div>\n<div class=\"t m2e9 xe hb y88 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">tr<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>s and t<span class=\"_ _4\"></span>he ap<span class=\"_ _4\"></span>plic<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t p<span class=\"_ _4\"></span>erce<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>age a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to thr<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>mont<span class=\"_ _4\"></span>h LIBO<span class=\"_ _4\"></span>R plu<span class=\"_ _4\"></span>s 2.4<span class=\"_ _1\"></span>%<span class=\"_ _4\"></span>. Th<span class=\"_ _4\"></span>e las<span class=\"_ _4\"></span>t rep<span class=\"_ _4\"></span>aym<span class=\"_ _4\"></span>ent is</div>\n<div class=\"t m8 xe hb y89 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">for<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>en in D<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 2025. T<span class=\"_ _4\"></span>he eq<span class=\"_ _4\"></span>uit<span class=\"_ _7\"></span>y par<span class=\"_ _7\"></span>t of th<span class=\"_ _4\"></span>e JOLCO \ufb01nan<span class=\"_ _4\"></span>cin<span class=\"_ _4\"></span>g was p<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ente<span class=\"_ _4\"></span>d in \u201cOt<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>r Loa<span class=\"_ _4\"></span>ns\u201d (see b<span class=\"_ _4\"></span>elow).</div>\n<div class=\"t md3 xe hb y8a ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">End 20<span class=\"_ _4\"></span>22, Ex<span class=\"_ _4\"></span>ma<span class=\"_ _4\"></span>r has exer<span class=\"_ _4\"></span>cis<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>he ear<span class=\"_ _4\"></span>ly b<span class=\"_ _4\"></span>uy-<span class=\"_ _4\"></span>o<span class=\"_ _4\"></span>ut o<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n of 3 ves<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>ls, wi<span class=\"_ _4\"></span>th p<span class=\"_ _4\"></span>ayme<span class=\"_ _4\"></span>nt pl<span class=\"_ _4\"></span>anne<span class=\"_ _4\"></span>d in 202<span class=\"_ _4\"></span>3 and co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>e<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m2ea xe hb yd8 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">que<span class=\"_ _4\"></span>ntl<span class=\"_ _4\"></span>y mana<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent h<span class=\"_ _4\"></span>as (i<span class=\"_ _4\"></span>) up<span class=\"_ _4\"></span>date<span class=\"_ _4\"></span>d th<span class=\"_ _4\"></span>e ef<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t c<span class=\"_ _4\"></span>alc<span class=\"_ _4\"></span>ulati<span class=\"_ _4\"></span>on (i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t of USD 5.5 m<span class=\"_ _4\"></span>illion), (ii) t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m2eb xe hb y8b ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e relat<span class=\"_ _4\"></span>ed ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ndin<span class=\"_ _4\"></span>g eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y p<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>se ves<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>els to \u201cba<span class=\"_ _4\"></span>nk loa<span class=\"_ _4\"></span>ns\u201d (USD 7<span class=\"_ _2\"></span>.6 m<span class=\"_ _4\"></span>illion) an<span class=\"_ _4\"></span>d pre<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d the ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 xe hb y4a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">paya<span class=\"_ _4\"></span>ble a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt as s<span class=\"_ _4\"></span>hor<span class=\"_ _7\"></span>t-ter<span class=\"_ _4\"></span>m (US<span class=\"_ _4\"></span>D 25.<span class=\"_ _1\"></span>9 millio<span class=\"_ _4\"></span>n).</div>\n<div class=\"t m8 xe hb y504 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">All o<span class=\"_ _4\"></span>blig<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns of t<span class=\"_ _4\"></span>he bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>ower a<span class=\"_ _4\"></span>re gu<span class=\"_ _4\"></span>ara<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>ed by E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR NV (\u201c<span class=\"_ _3\"></span>guar<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>\u201d).  </div>\n<div class=\"t m0 xe h6 y4d ff5 fs4 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>ANGO FLNG facility - USD 0 million (2021: USD 129.3 million)</div>\n<div class=\"t m2ec xe hb y4e ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">End of J<span class=\"_ _4\"></span>une 201<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>, E<span class=\"_ _4\"></span>x<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t LN<span class=\"_ _4\"></span>G Lim<span class=\"_ _4\"></span>ite<span class=\"_ _4\"></span>d (a 1<span class=\"_ _1\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>% sub<span class=\"_ _4\"></span>sid<span class=\"_ _4\"></span>iar<span class=\"_ _7\"></span>y of E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R NV<span class=\"_ _4\"></span>) s<span class=\"_ _4\"></span>ign<span class=\"_ _4\"></span>ed a \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>ng ag<span class=\"_ _4\"></span>ree<span class=\"_ _4\"></span>ment o<span class=\"_ _4\"></span>f USD</div>\n<div class=\"t m2ed xe hb y72 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">20<span class=\"_ _4\"></span>0.0 millio<span class=\"_ _4\"></span>n wi<span class=\"_ _4\"></span>th t<span class=\"_ _4\"></span>he Ban<span class=\"_ _4\"></span>k of Chi<span class=\"_ _4\"></span>na (Bo<span class=\"_ _4\"></span>C), Deu<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>sc<span class=\"_ _4\"></span>he Ban<span class=\"_ _4\"></span>k and Si<span class=\"_ _4\"></span>nos<span class=\"_ _4\"></span>ure f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cin<span class=\"_ _4\"></span>g of the T<span class=\"_ _3\"></span>ANGO FL<span class=\"_ _4\"></span>NG. T<span class=\"_ _4\"></span>he</div>\n<div class=\"t m2ee xe hb y4f ff1 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">agr<span class=\"_ _4\"></span>eem<span class=\"_ _4\"></span>ent wi<span class=\"_ _4\"></span>th B<span class=\"_ _4\"></span>oC pr<span class=\"_ _4\"></span>ovid<span class=\"_ _4\"></span>ed a re<span class=\"_ _4\"></span>pay<span class=\"_ _4\"></span>ment p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>d of t<span class=\"_ _4\"></span>wel<span class=\"_ _4\"></span>ve year<span class=\"_ _4\"></span>s and t<span class=\"_ _4\"></span>he lo<span class=\"_ _4\"></span>an ha<span class=\"_ _4\"></span>d an inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t at a r<span class=\"_ _4\"></span>ate of s<span class=\"_ _4\"></span>ix-<span class=\"_ _4\"></span>mon<span class=\"_ _4\"></span>th</div>\n<div class=\"t m150 xe hb y50 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">LIBO<span class=\"_ _4\"></span>R plus 3.0<span class=\"_ _4\"></span>% (until e<span class=\"_ _4\"></span>nd Ju<span class=\"_ _4\"></span>ne 2021<span class=\"_ _1\"></span>) a<span class=\"_ _4\"></span>nd 2.2<span class=\"_ _4\"></span>% as fr<span class=\"_ _4\"></span>om Ju<span class=\"_ _4\"></span>ly 2021 and w<span class=\"_ _4\"></span>as gua<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ntee<span class=\"_ _4\"></span>d by E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R NV (\u201c<span class=\"_ _1\"></span>g<span class=\"_ _4\"></span>uar<span class=\"_ _4\"></span>anto<span class=\"_ _4\"></span>r\u201d).</div>\n<div class=\"t m2ef xe hb y51 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">On A<span class=\"_ _4\"></span>ugu<span class=\"_ _4\"></span>st 5, 202<span class=\"_ _4\"></span>2 EX<span class=\"_ _4\"></span>MA<span class=\"_ _4\"></span>R ente<span class=\"_ _4\"></span>red i<span class=\"_ _4\"></span>nto a s<span class=\"_ _4\"></span>hare p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>e agre<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>ent to s<span class=\"_ _4\"></span>ell t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s of E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>t LNG L<span class=\"_ _4\"></span>td, to Eni</div>\n<div class=\"t m8 xe hb y52 ff1 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">fr<span class=\"_ _4\"></span>ee of de<span class=\"_ _4\"></span>bt. A<span class=\"_ _4\"></span>s of A<span class=\"_ _4\"></span>ugu<span class=\"_ _4\"></span>st 1<span class=\"_ _3\"></span>7<span class=\"_ _2\"></span>, 2022, th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p rep<span class=\"_ _4\"></span>aid t<span class=\"_ _4\"></span>he bo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ng tow<span class=\"_ _4\"></span>ard<span class=\"_ _4\"></span>s BoC a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e res<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ric<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h bala<span class=\"_ _4\"></span>nce</div>\n<div class=\"t m8 xe hb y505 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">was r<span class=\"_ _4\"></span>elea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d (see N<span class=\"_ _4\"></span>ote 25) a<span class=\"_ _4\"></span>nd on A<span class=\"_ _4\"></span>ugu<span class=\"_ _4\"></span>st 26, 202<span class=\"_ _4\"></span>2 the t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on wa<span class=\"_ _4\"></span>s clo<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m0 xe h6 y73 ff5 fs4 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Aircraft held for sale - USD 0 million (2021: USD 5.6 million)</div>\n<div class=\"t m2f0 xe hb y55 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Follo<span class=\"_ _4\"></span>win<span class=\"_ _4\"></span>g the s<span class=\"_ _4\"></span>ale of t<span class=\"_ _4\"></span>he air<span class=\"_ _4\"></span>cr<span class=\"_ _4\"></span>af<span class=\"_ _4\"></span>t i<span class=\"_ _4\"></span>n Marc<span class=\"_ _4\"></span>h 2022 (s<span class=\"_ _4\"></span>ee al<span class=\"_ _4\"></span>so No<span class=\"_ _4\"></span>te 1<span class=\"_ _1\"></span>4 A<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>ies he<span class=\"_ _4\"></span>ld for s<span class=\"_ _4\"></span>ale), the r<span class=\"_ _4\"></span>elat<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m8 xe hb y56 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">loa<span class=\"_ _4\"></span>n was r<span class=\"_ _4\"></span>epa<span class=\"_ _4\"></span>id.</div>\n<div class=\"t m0 xe h6 y58 ff5 fs4 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Additional loans acquired thr<span class=\"_ _1\"></span>ough business combinations \u2013 USD 10.8 million</div>\n<div class=\"t m2f1 xe hb y59 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s a con<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>nce of t<span class=\"_ _4\"></span>he ac<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>sit<span class=\"_ _4\"></span>ion of t<span class=\"_ _4\"></span>he 50<span class=\"_ _4\"></span>% sha<span class=\"_ _4\"></span>re of So<span class=\"_ _4\"></span>laia Sh<span class=\"_ _4\"></span>ipp<span class=\"_ _4\"></span>ing L<span class=\"_ _4\"></span>LC from t<span class=\"_ _4\"></span>he joi<span class=\"_ _4\"></span>nt ven<span class=\"_ _4\"></span>ture p<span class=\"_ _4\"></span>ar<span class=\"_ _7\"></span>tne<span class=\"_ _4\"></span>r SE<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m2f2 xe hb y5a ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">PE<span class=\"_ _4\"></span>AK (se<span class=\"_ _4\"></span>e Note 5 B<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>mbi<span class=\"_ _4\"></span>nati<span class=\"_ _4\"></span>ons a<span class=\"_ _4\"></span>nd ot<span class=\"_ _4\"></span>her s<span class=\"_ _4\"></span>hare d<span class=\"_ _4\"></span>eal<span class=\"_ _4\"></span>s) in Sep<span class=\"_ _4\"></span>tem<span class=\"_ _4\"></span>ber 2<span class=\"_ _4\"></span>022, E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R has ac<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>red a US<span class=\"_ _4\"></span>D</div>\n<div class=\"t m4f xe hb y5b ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">1<span class=\"_ _1\"></span>2.5 mill<span class=\"_ _4\"></span>ion lo<span class=\"_ _4\"></span>an. T<span class=\"_ _4\"></span>he ame<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>ed s<span class=\"_ _4\"></span>yn<span class=\"_ _4\"></span>dic<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d ban<span class=\"_ _4\"></span>k loa<span class=\"_ _4\"></span>n date<span class=\"_ _4\"></span>s fro<span class=\"_ _4\"></span>m De<span class=\"_ _4\"></span>cem<span class=\"_ _4\"></span>be<span class=\"_ _4\"></span>r 2021 and b<span class=\"_ _4\"></span>ear<span class=\"_ _4\"></span>s an int<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>st of L<span class=\"_ _4\"></span>IBOR</div>\n<div class=\"t m2f3 xe hb y5c ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">plu<span class=\"_ _4\"></span>s a marg<span class=\"_ _4\"></span>in of 2.5% and i<span class=\"_ _4\"></span>s rep<span class=\"_ _4\"></span>ayab<span class=\"_ _4\"></span>le in q<span class=\"_ _4\"></span>uar<span class=\"_ _7\"></span>ter<span class=\"_ _4\"></span>ly in<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tall<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>ts b<span class=\"_ _4\"></span>y end 2<span class=\"_ _4\"></span>023. In th<span class=\"_ _4\"></span>e fou<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>h quar<span class=\"_ _7\"></span>ter o<span class=\"_ _4\"></span>f 2022, Sol<span class=\"_ _4\"></span>aia</div>\n<div class=\"t m8 xe hb y5d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rep<span class=\"_ _4\"></span>aid US<span class=\"_ _4\"></span>D 2.5 millio<span class=\"_ _4\"></span>n.  </div>\n<div class=\"t m2f4 xe hb y5e ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">On N<span class=\"_ _4\"></span>ovemb<span class=\"_ _4\"></span>er 1<span class=\"_ _1\"></span>,<span class=\"_ _4\"></span>202<span class=\"_ _4\"></span>2 E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R obt<span class=\"_ _4\"></span>ain<span class=\"_ _4\"></span>ed f<span class=\"_ _4\"></span>ull co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ol over B<span class=\"_ _4\"></span>exco NV (s<span class=\"_ _4\"></span>ee al<span class=\"_ _4\"></span>so Not<span class=\"_ _4\"></span>e 5 Bus<span class=\"_ _4\"></span>ine<span class=\"_ _4\"></span>ss co<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>inat<span class=\"_ _4\"></span>ions a<span class=\"_ _4\"></span>nd</div>\n<div class=\"t m117 xe hb y5f ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">oth<span class=\"_ _4\"></span>er sh<span class=\"_ _4\"></span>are d<span class=\"_ _4\"></span>eals) an<span class=\"_ _4\"></span>d acq<span class=\"_ _4\"></span>uire<span class=\"_ _4\"></span>d loa<span class=\"_ _4\"></span>ns of EUR 2.7 million o<span class=\"_ _4\"></span>r USD 2.8 millio<span class=\"_ _4\"></span>n, of whic<span class=\"_ _4\"></span>h EUR 1<span class=\"_ _1\"></span>.9 million s<span class=\"_ _4\"></span>hor<span class=\"_ _7\"></span>t ter<span class=\"_ _4\"></span>m</div>\n<div class=\"t m8 xe hb y60 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>aight l<span class=\"_ _4\"></span>oan<span class=\"_ _4\"></span>s. End 2<span class=\"_ _4\"></span>022, the c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>any re<span class=\"_ _4\"></span>pai<span class=\"_ _4\"></span>d USD 2.0 millio<span class=\"_ _4\"></span>n and ha<span class=\"_ _4\"></span>s an ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ndin<span class=\"_ _4\"></span>g bala<span class=\"_ _4\"></span>nce of US<span class=\"_ _4\"></span>D 0.8 millio<span class=\"_ _4\"></span>n.</div>\n<div class=\"t m0 xe h6 y506 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Othe<span class=\"_ _4\"></span>r loans</div>\n\n<div class=\"t m0 xe h6 y77 ff5 fs4 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">NOK 650.0 million bond - USD 0 million (2021: USD 71.3 million)</div>\n<div class=\"t m8 xe hb y63 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">In t<span class=\"_ _4\"></span>he \ufb01r<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t quar<span class=\"_ _7\"></span>te<span class=\"_ _4\"></span>r of 2022, E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R rep<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>ed a n<span class=\"_ _4\"></span>omin<span class=\"_ _4\"></span>al amo<span class=\"_ _4\"></span>unt of N<span class=\"_ _4\"></span>OK 1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3.0 millio<span class=\"_ _4\"></span>n or USD 1<span class=\"_ _3\"></span>2.<span class=\"_ _3\"></span>7 millio<span class=\"_ _4\"></span>n of th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m25e xe hb y64 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">se<span class=\"_ _4\"></span>nior u<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>red b<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>d is<span class=\"_ _4\"></span>sue<span class=\"_ _4\"></span>d by E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R Net<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>rla<span class=\"_ _4\"></span>nds BV a<span class=\"_ _4\"></span>nd re<span class=\"_ _4\"></span>pai<span class=\"_ _4\"></span>d the r<span class=\"_ _4\"></span>emai<span class=\"_ _4\"></span>ning b<span class=\"_ _4\"></span>alan<span class=\"_ _4\"></span>ce of NOK 5<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>3.0 millio<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 xe hb y65 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(or USD 53.4 milli<span class=\"_ _4\"></span>on) upo<span class=\"_ _4\"></span>n mat<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y en<span class=\"_ _4\"></span>d May 202<span class=\"_ _4\"></span>2. The b<span class=\"_ _4\"></span>ond<span class=\"_ _4\"></span>s had a c<span class=\"_ _4\"></span>oup<span class=\"_ _4\"></span>on of t<span class=\"_ _4\"></span>hre<span class=\"_ _4\"></span>e<span class=\"_ _4\"></span>-m<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>h NIBOR p<span class=\"_ _4\"></span>lus 8.75<span class=\"_ _3\"></span>%.</div>\n<div class=\"t m2f5 xe hb y79 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e NOK<span class=\"_ _7\"></span>/USD e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>ure w<span class=\"_ _4\"></span>as cover<span class=\"_ _4\"></span>ed by f<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>ard c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s: NOK 240 mi<span class=\"_ _4\"></span>llion f<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>ard<span class=\"_ _4\"></span>s wer<span class=\"_ _4\"></span>e pur<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d in 2021 an<span class=\"_ _4\"></span>d</div>\n<div class=\"t m2f6 xe hb y66 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">an ad<span class=\"_ _4\"></span>di<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>nal am<span class=\"_ _4\"></span>ount o<span class=\"_ _4\"></span>f NOK 285.4 millio<span class=\"_ _4\"></span>n (also c<span class=\"_ _4\"></span>over<span class=\"_ _4\"></span>ing in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t rep<span class=\"_ _4\"></span>ayme<span class=\"_ _4\"></span>nt) w<span class=\"_ _4\"></span>as co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>ted e<span class=\"_ _4\"></span>arl<span class=\"_ _4\"></span>y 2022 fo<span class=\"_ _4\"></span>r a tot<span class=\"_ _4\"></span>al</div>\n<div class=\"t m8 xe hb y67 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">valu<span class=\"_ _4\"></span>e of USD 57<span class=\"_ _2\"></span>.4 milli<span class=\"_ _4\"></span>on.</div>\n<div class=\"t m2f7 xe hb y68 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">End 2021<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>his re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>ted in a f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue g<span class=\"_ _4\"></span>ain of USD 0.9 million, howe<span class=\"_ _4\"></span>ver in 202<span class=\"_ _4\"></span>2 a los<span class=\"_ _4\"></span>s of USD 2.6 mill<span class=\"_ _4\"></span>ion w<span class=\"_ _4\"></span>as reali<span class=\"_ _4\"></span>zed</div>\n<div class=\"t m2f8 xe hb y69 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">on t<span class=\"_ _4\"></span>he se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>tle<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>ese f<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>ard<span class=\"_ _4\"></span>s, bu<span class=\"_ _4\"></span>t was o<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>set by t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>alize<span class=\"_ _4\"></span>d fore<span class=\"_ _4\"></span>ign c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>cy g<span class=\"_ _4\"></span>ain u<span class=\"_ _4\"></span>pon r<span class=\"_ _4\"></span>epay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y6a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">bo<span class=\"_ _4\"></span>nd (se<span class=\"_ _4\"></span>e als<span class=\"_ _4\"></span>o Note 1<span class=\"_ _3\"></span>2 Fina<span class=\"_ _4\"></span>nce i<span class=\"_ _4\"></span>ncom<span class=\"_ _4\"></span>e/expe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d Note 32 Fi<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial r<span class=\"_ _4\"></span>isk<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d \ufb01nan<span class=\"_ _4\"></span>cial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s).</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 212px; height: 168px; width: 90%; z-index: 4;\"></div>\n\n<div class=\"t m0 xe h6 y6b ff5 fs4 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Sequoia facility agreement \u2013 USD 0 million (2021: USD 0 million)</div>\n<div class=\"t m2f9 xe hb y6c ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">On N<span class=\"_ _4\"></span>ovemb<span class=\"_ _4\"></span>er 1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>, 2021<span class=\"_ _1\"></span>, E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R sig<span class=\"_ _4\"></span>ned a t<span class=\"_ _4\"></span>hre<span class=\"_ _4\"></span>e-<span class=\"_ _4\"></span>year f<span class=\"_ _4\"></span>acili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y agr<span class=\"_ _4\"></span>eem<span class=\"_ _4\"></span>ent of u<span class=\"_ _4\"></span>p to USD 50.0 milli<span class=\"_ _4\"></span>on wi<span class=\"_ _4\"></span>th Se<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>oia Eco<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m2fa xe hb y6d ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">nom<span class=\"_ _4\"></span>ic Inf<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>re In<span class=\"_ _4\"></span>come Fu<span class=\"_ _4\"></span>nd (SEQI) w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h an ap<span class=\"_ _4\"></span>plic<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate of L<span class=\"_ _4\"></span>IBOR pl<span class=\"_ _4\"></span>us a mar<span class=\"_ _4\"></span>gin b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>we<span class=\"_ _4\"></span>en 7<span class=\"_ _2\"></span>.0<span class=\"_ _4\"></span>% and</div>\n<div class=\"t m2fb xe hb y6e ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">8.7<span class=\"_ _1\"></span>5%, d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>ding o<span class=\"_ _4\"></span>n net l<span class=\"_ _4\"></span>ever<span class=\"_ _4\"></span>age. T<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>acili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y was n<span class=\"_ _4\"></span>ot us<span class=\"_ _4\"></span>ed in 2<span class=\"_ _4\"></span>021<span class=\"_ _1\"></span>, but w<span class=\"_ _4\"></span>as dr<span class=\"_ _4\"></span>aw<span class=\"_ _4\"></span>n up<span class=\"_ _4\"></span>on in M<span class=\"_ _4\"></span>ay 2022 to r<span class=\"_ _4\"></span>epay t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m2fc xe hb y6f ff1 fs9 fc2 sc0 ls11 wsd\" style=\"z-index: 15;\">NOK 6<span class=\"_ _4\"></span>50 millio<span class=\"_ _4\"></span>n bo<span class=\"_ _4\"></span>nd (se<span class=\"_ _4\"></span>e ab<span class=\"_ _4\"></span>ove)<span class=\"_ _3\"></span>. The s<span class=\"_ _4\"></span>ale of 10<span class=\"_ _4\"></span>0% of t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>s of E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>t LNG, ow<span class=\"_ _4\"></span>ning c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>any of T<span class=\"_ _1\"></span>A<span class=\"_ _4\"></span>NGO FLN<span class=\"_ _4\"></span>G</div>\n<div class=\"t m8 xe hb y70 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(se<span class=\"_ _4\"></span>e also a<span class=\"_ _4\"></span>bove); tr<span class=\"_ _4\"></span>igg<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>d a rep<span class=\"_ _4\"></span>aym<span class=\"_ _4\"></span>ent an<span class=\"_ _4\"></span>d ter<span class=\"_ _4\"></span>mi<span class=\"_ _4\"></span>natio<span class=\"_ _4\"></span>n of th<span class=\"_ _4\"></span>is cre<span class=\"_ _4\"></span>di<span class=\"_ _4\"></span>t fac<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y, which o<span class=\"_ _4\"></span>cc<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>red o<span class=\"_ _4\"></span>n Aug<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>t 29<span class=\"_ _1\"></span>, 2022.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 96px; height: 1035px; width: 92%; z-index: 3;\"></div>\n\n<div class=\"t m0 x1 h6 SeceVJK_260 SeceVJK_23 fs4 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Pressurized fleet - USD 19.2 million (2021: USD 26.5 million)</div>\n<div class=\"t m8 x1 hb y42 SeceVJK_22 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">The other loans comprise the outstanding equit<span class=\"_ SeceVJK_101\"></span>y par<span class=\"_ SeceVJK_101\"></span>t of the JOLCO (Japanese Operating Lease with Call Option)</div>\n<div class=\"t m2fd x1 hb y7e SeceVJK_22 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">financing. As mentioned above, EXMAR has exercised the early buy-<span class=\"_ SeceVJK_101\"></span>out option for three vessels and transferred</div>\n<div class=\"t m2fe x1 hb y7f SeceVJK_22 fs9 fc2 sc0 ls23 wsf\" style=\"z-index: 15;\">the related debt por<span class=\"_ SeceVJK_101\"></span>tion (USD 7.6 million) to shor<span class=\"_ SeceVJK_101\"></span>t-term bank loans. At year-end 2022, the outstanding balance</div>\n<div class=\"t m8 x1 hb y43 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amounts to USD 19.2 million.</div>\n<div class=\"t m2ff x1 hb y80 SeceVJK_22 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">Management assumes to exercise the purchase options of the seven other vessels before or at the end of the lease,</div>\n<div class=\"t m8 x1 hb y81 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">which will then result in an additional cash out of USD 9.3 million.</div>\n<div class=\"t m0 x1 h6 y201 SeceVJK_24 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Available credit facilities</div>\n<div class=\"t m8 x1 hb y85 SeceVJK_22 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">In May 2020, EXMAR obtained a revolving credit facilit<span class=\"_ SeceVJK_101\"></span>y of EUR 18.0 million from Belgian financial institutions with</div>\n<div class=\"t SeceVJK_54 x1 hb y86 SeceVJK_22 fs9 fc2 sc0 ls17 wsb\" style=\"word-spacing: 0px; z-index: 15;\">maturit<span class=\"_ SeceVJK_101\"></span>y date Februar<span class=\"_ SeceVJK_101\"></span>y 1, 2022 at an interest rate of EURIBOR three-month plus 2.0% margin. This facilit<span class=\"_ SeceVJK_101\"></span>y was</div>\n<div class=\"t m8 x1 hb y87 SeceVJK_22 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">extended until June 2024 and can be increased up to USD 30.0 million. EXMAR did not draw upon this facility per</div>\n<div class=\"t m8 x1 hb yd7 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">end 2021 and 2022.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 921px; height: 235px; width: 92%; z-index: 3;\"></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingCostsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag433": {
   "value": "\n<div class=\"t m0 xe h6 y77 ff5 fs4 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">NOK 650.0 million bond - USD 0 million (2021: USD 71.3 million)</div>\n<div class=\"t m8 xe hb y63 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">In t<span class=\"_ _4\"></span>he \ufb01r<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t quar<span class=\"_ _7\"></span>te<span class=\"_ _4\"></span>r of 2022, E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R rep<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>ed a n<span class=\"_ _4\"></span>omin<span class=\"_ _4\"></span>al amo<span class=\"_ _4\"></span>unt of N<span class=\"_ _4\"></span>OK 1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3.0 millio<span class=\"_ _4\"></span>n or USD 1<span class=\"_ _3\"></span>2.<span class=\"_ _3\"></span>7 millio<span class=\"_ _4\"></span>n of th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m25e xe hb y64 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">se<span class=\"_ _4\"></span>nior u<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>red b<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>d is<span class=\"_ _4\"></span>sue<span class=\"_ _4\"></span>d by E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R Net<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>rla<span class=\"_ _4\"></span>nds BV a<span class=\"_ _4\"></span>nd re<span class=\"_ _4\"></span>pai<span class=\"_ _4\"></span>d the r<span class=\"_ _4\"></span>emai<span class=\"_ _4\"></span>ning b<span class=\"_ _4\"></span>alan<span class=\"_ _4\"></span>ce of NOK 5<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>3.0 millio<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 xe hb y65 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(or USD 53.4 milli<span class=\"_ _4\"></span>on) upo<span class=\"_ _4\"></span>n mat<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y en<span class=\"_ _4\"></span>d May 202<span class=\"_ _4\"></span>2. The b<span class=\"_ _4\"></span>ond<span class=\"_ _4\"></span>s had a c<span class=\"_ _4\"></span>oup<span class=\"_ _4\"></span>on of t<span class=\"_ _4\"></span>hre<span class=\"_ _4\"></span>e<span class=\"_ _4\"></span>-m<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>h NIBOR p<span class=\"_ _4\"></span>lus 8.75<span class=\"_ _3\"></span>%.</div>\n<div class=\"t m2f5 xe hb y79 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e NOK<span class=\"_ _7\"></span>/USD e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>ure w<span class=\"_ _4\"></span>as cover<span class=\"_ _4\"></span>ed by f<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>ard c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s: NOK 240 mi<span class=\"_ _4\"></span>llion f<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>ard<span class=\"_ _4\"></span>s wer<span class=\"_ _4\"></span>e pur<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d in 2021 an<span class=\"_ _4\"></span>d</div>\n<div class=\"t m2f6 xe hb y66 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">an ad<span class=\"_ _4\"></span>di<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>nal am<span class=\"_ _4\"></span>ount o<span class=\"_ _4\"></span>f NOK 285.4 millio<span class=\"_ _4\"></span>n (also c<span class=\"_ _4\"></span>over<span class=\"_ _4\"></span>ing in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t rep<span class=\"_ _4\"></span>ayme<span class=\"_ _4\"></span>nt) w<span class=\"_ _4\"></span>as co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>ted e<span class=\"_ _4\"></span>arl<span class=\"_ _4\"></span>y 2022 fo<span class=\"_ _4\"></span>r a tot<span class=\"_ _4\"></span>al</div>\n<div class=\"t m8 xe hb y67 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">valu<span class=\"_ _4\"></span>e of USD 57<span class=\"_ _2\"></span>.4 milli<span class=\"_ _4\"></span>on.</div>\n<div class=\"t m2f7 xe hb y68 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">End 2021<span class=\"_ _1\"></span>, t<span class=\"_ _4\"></span>his re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>ted in a f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue g<span class=\"_ _4\"></span>ain of USD 0.9 million, howe<span class=\"_ _4\"></span>ver in 202<span class=\"_ _4\"></span>2 a los<span class=\"_ _4\"></span>s of USD 2.6 mill<span class=\"_ _4\"></span>ion w<span class=\"_ _4\"></span>as reali<span class=\"_ _4\"></span>zed</div>\n<div class=\"t m2f8 xe hb y69 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">on t<span class=\"_ _4\"></span>he se<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>tle<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>ese f<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>ard<span class=\"_ _4\"></span>s, bu<span class=\"_ _4\"></span>t was o<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>set by t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>alize<span class=\"_ _4\"></span>d fore<span class=\"_ _4\"></span>ign c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>cy g<span class=\"_ _4\"></span>ain u<span class=\"_ _4\"></span>pon r<span class=\"_ _4\"></span>epay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y6a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">bo<span class=\"_ _4\"></span>nd (se<span class=\"_ _4\"></span>e als<span class=\"_ _4\"></span>o Note 1<span class=\"_ _3\"></span>2 Fina<span class=\"_ _4\"></span>nce i<span class=\"_ _4\"></span>ncom<span class=\"_ _4\"></span>e/expe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d Note 32 Fi<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial r<span class=\"_ _4\"></span>isk<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d \ufb01nan<span class=\"_ _4\"></span>cial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s).</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 212px; height: 168px; width: 90%; z-index: 4;\"></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag435": {
   "value": "\n<div class=\"t m0 xe h11 y4c SeceVJK_24 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 29 - SHARE BASED PAYMENTS</div>\n<div class=\"t m30d xe hb y4e SeceVJK_22 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">The Group established a share option plan program that entitles cer<span class=\"_ SeceVJK_101\"></span>tain employees to register for a number of</div>\n<div class=\"t m30e xe hb y72 SeceVJK_22 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">shares. The share options are only exercisable af<span class=\"_ SeceVJK_101\"></span>ter a period of three years and for employees still in ser<span class=\"_ SeceVJK_101\"></span>vice af<span class=\"_ SeceVJK_101\"></span>ter</div>\n<div class=\"t m8 xe hb y4f SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">this three year period. Each share option entitles the holder of the option to one EXMAR share.</div>\n<div class=\"t SeceVJK_28 xe hb y50 SeceVJK_22 fs9 fc2 sc0 ls11 wsd\" style=\"z-index: 15;\">The fair value of ser<span class=\"_ SeceVJK_101\"></span>vices received in return for share options granted are measured by reference to the exercise price</div>\n<div class=\"t m202 xe hb y51 SeceVJK_22 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">of the granted share options. The estimated fair value of the ser<span class=\"_ SeceVJK_101\"></span>vices received is measured based on a binomial</div>\n<div class=\"t m8 xe hb y52 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">lattice model. The contrac<span class=\"_ SeceVJK_101\"></span>tual life of the option is used as an input into this model.</div>\n<div class=\"t m8 xe hd y531 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Grant date fair value of share option and assumptions at inception<span class=\"_ _21a\"> </span>Plan 10\ue61e</div>\n<div class=\"t m8 xe hc y532 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Number of options outstanding at year-end<span class=\"_ SeceVJK_131\"> </span>321,250</div>\n<div class=\"t m8 xe hc y533 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fair value at grant date (in EUR)<span class=\"_ _21c\"> </span>3.21</div>\n<div class=\"t m8 xe hc y534 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Share price at grant date (in EUR)<span class=\"_ _21d\"> </span>9.62</div>\n<div class=\"t m8 xe hc y535 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exercise price at inception (in EUR)<span class=\"_ SeceVJK_132\"> </span>9.62</div>\n<div class=\"t m8 xe hc y536 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Expected volatility (1)<span class=\"_ _21e\"> </span>40.70%</div>\n<div class=\"t m8 xe hc y537 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Option life at inception<span class=\"_ SeceVJK_135\"> </span>8 years</div>\n<div class=\"t m8 xe hc y538 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Maturity date<span class=\"_ _21f\"> </span>2023</div>\n<div class=\"t m8 xe hc y539 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Expected dividends<span class=\"_ _220\"> </span>0.3 eur/y</div>\n<div class=\"t m8 xe hc y53a SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Risk-free interest rate<span class=\"_ SeceVJK_138\"> </span>0.53%</div>\n<div class=\"t m8 xe h14 y53b SeceVJK_26 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(1) <span class=\"_ SecVUZO_75\"> </span>The expected volatility is based on the historical volatility (calculated based on the weighted average remaining life of the share options), adjusted for any</div>\n<div class=\"t m8 x3e h14 y53c SeceVJK_26 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">expected changes to future volatility due to publicly available information.</div>\n<div class=\"t m8 xe hb y75 SeceVJK_22 fs9 fc2 sc0 ls2 wsd\" style=\"word-spacing: 0.5px; z-index: 15;\">Plan 9 matured at the end of 2022 and the remaining 328,600 options for<span class=\"_ SeceVJK_101\"></span>feited. During 2022 and 2021 no options</div>\n<div class=\"t m8 xe hb y53d SeceVJK_22 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">were exercised, nor were any new plans granted.</div>\n<div class=\"t m8 x9a hd y53e SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _217\"> </span>2021</div>\n<div class=\"t m8 xe hd y53f SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Reconciliation of outstanding share options</div>\n<div class=\"t m8 x9b hd y540 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Number of</div>\n<div class=\"t m8 SeceVJK_288 hd y541 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">options</div>\n<div class=\"t m8 SeceVJK_295 hd y542 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Weighted</div>\n<div class=\"t m8 SeceVJK_297 hd y53f SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">average</div>\n<div class=\"t m8 x9c hd y543 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">exercise price</div>\n<div class=\"t m8 x9d hd y540 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Number of</div>\n<div class=\"t m8 SeceVJK_304 hd y541 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">options</div>\n<div class=\"t m8 SeceVJK_309 hd y542 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Weighted</div>\n<div class=\"t m8 x9e hd y53f SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">average</div>\n<div class=\"t m8 x9f hd y543 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">exercise price</div>\n<div class=\"t m8 xe hd y544 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Outstanding share options at 1 January<span class=\"_ _222\"> </span>651,850<span class=\"_ SeceVJK_113\"> </span>10.08<span class=\"_ _13e\"> </span>1,060,850<span class=\"_ SeceVJK_113\"> </span>10.25</div>\n<div class=\"t m8 xe hc y545 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">New options granted<span class=\"_ _223\"> </span>0<span class=\"_ SeceVJK_116\"> </span>0.00<span class=\"_ SeceVJK_118\"> </span>0<span class=\"_ SeceVJK_116\"> </span>0.00</div>\n<div class=\"t m8 xe hc y546 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Changes during the year</div>\n<div class=\"t m8 xe hc y547 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Options exercised<span class=\"_ SeceVJK_130\"> </span>0<span class=\"_ SeceVJK_116\"> </span>0.00<span class=\"_ SeceVJK_118\"> </span>0<span class=\"_ SeceVJK_116\"> </span>0.00</div>\n<div class=\"t m8 xe hc y548 SeceVJK_25 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Options forfeited\ue61e<span class=\"_ SeceVJK_128\"> </span>-330,600<span class=\"_ SeceVJK_114\"> </span>10.53<span class=\"_ SeceVJK_108\"> </span>-409,000<span class=\"_ SeceVJK_114\"> </span>10.52</div>\n<div class=\"t m8 xe hd y549 SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Outstanding share options at 31 December<span class=\"_ _224\"> </span>321,250<span class=\"_ SeceVJK_115\"> </span>9.62<span class=\"_ SeceVJK_107\"> </span>651,850<span class=\"_ SeceVJK_113\"> </span>10.08</div>\n<div class=\"t m8 xe hd y54a SeceVJK_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exercisable share options at 31 December<span class=\"_ SeceVJK_122\"> </span>321,250<span class=\"_ SeceVJK_115\"> </span>9.62<span class=\"_ SeceVJK_107\"> </span>651,850<span class=\"_ SeceVJK_113\"> </span>10.08</div>\n<div class=\"t m8 xe hb y6e SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">All remaining outstanding options at the end of December 2022 will expire in 2023.</div>\n<div class=\"t m8 xe hb y211 SeceVJK_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">All plans have been fully expensed since 2018.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 113px; height: 696px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag428": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x1 h11 y51 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 3<span class=\"_ _1\"></span>1 - TR<span class=\"_ _4\"></span>ADE AND O<span class=\"_ _3\"></span>THER P<span class=\"_ _2\"></span>A<span class=\"_ _2\"></span>Y<span class=\"_ _179\"></span>A<span class=\"_ _4\"></span>BLES</div>\n<div class=\"t m8 x1 hd y57a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y57b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade payables<span class=\"_ _1bd\"> </span>35,366<span class=\"_ _1a\"> </span>22,990</div>\n<div class=\"t m8 x1 hc y57c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other payables<span class=\"_ _230\"> </span>29,100<span class=\"_ _15\"> </span>7,749</div>\n<div class=\"t m8 x1 hc y57d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Deferred income<span class=\"_ _97\"> </span>11,076<span class=\"_ _15\"> </span>6,501</div>\n<div class=\"t m8 x1 hd y57e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other payables<span class=\"_ _36\"> </span>75,542<span class=\"_ _54\"> </span>37,241</div>\n<div class=\"t m8 x1 hc y57f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Of which \ufb01nancial liabilities (Note 32)<span class=\"_ _231\"> </span><span class=\"ff2\">62,730<span class=\"_ _54\"> </span>30,739</span></div>\n<div class=\"t m319 x1 hb ya3 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>ade p<span class=\"_ _4\"></span>ayab<span class=\"_ _4\"></span>les i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>ease<span class=\"_ _4\"></span>d in 20<span class=\"_ _4\"></span>22 du<span class=\"_ _4\"></span>e to Bexco N<span class=\"_ _4\"></span>V and S<span class=\"_ _4\"></span>olai<span class=\"_ _4\"></span>a Ship<span class=\"_ _4\"></span>pin<span class=\"_ _4\"></span>g LLC ente<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g into t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>nso<span class=\"_ _4\"></span>lida<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n sco<span class=\"_ _4\"></span>pe</div>\n<div class=\"t m141 x1 hb ya4 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">(se<span class=\"_ _4\"></span>e Note 5 Bu<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s com<span class=\"_ _4\"></span>bin<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns an<span class=\"_ _4\"></span>d othe<span class=\"_ _4\"></span>r sha<span class=\"_ _4\"></span>re de<span class=\"_ _4\"></span>als) an<span class=\"_ _4\"></span>d highe<span class=\"_ _4\"></span>r Inf<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ure ac<span class=\"_ _7\"></span>tiv<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>es rel<span class=\"_ _4\"></span>ated t<span class=\"_ _4\"></span>o the EEM<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb ya5 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">SHAVEN LNG a<span class=\"_ _4\"></span>nd T<span class=\"_ _1\"></span>A<span class=\"_ _4\"></span>NGO FLNG<span class=\"_ _4\"></span>.</div>\n<div class=\"t m1ac x1 hb ya6 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">O<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r paya<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s mainl<span class=\"_ _4\"></span>y cont<span class=\"_ _4\"></span>ain a<span class=\"_ _4\"></span>dv<span class=\"_ _4\"></span>ance<span class=\"_ _4\"></span>s rec<span class=\"_ _4\"></span>eive<span class=\"_ _4\"></span>d, V<span class=\"_ _1\"></span>A<span class=\"_ _3\"></span>T and p<span class=\"_ _4\"></span>ayro<span class=\"_ _4\"></span>ll paya<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s and i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ed du<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ng 2022 a<span class=\"_ _4\"></span>s a res<span class=\"_ _4\"></span>ult</div>\n<div class=\"t m8 x1 hb ya7 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e inc<span class=\"_ _4\"></span>lusi<span class=\"_ _4\"></span>on of Be<span class=\"_ _4\"></span>xco an<span class=\"_ _4\"></span>d adv<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>es re<span class=\"_ _4\"></span>ceiv<span class=\"_ _4\"></span>ed in r<span class=\"_ _4\"></span>elati<span class=\"_ _4\"></span>on to t<span class=\"_ _4\"></span>he Co<span class=\"_ _4\"></span>ngo p<span class=\"_ _4\"></span>roje<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t wi<span class=\"_ _4\"></span>th Eni.</div>\n<div class=\"t m8 x1 hb y580 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">Deferre<span class=\"_ _4\"></span>d income comprises already invoiced rev<span class=\"_ _3\"></span>enue,<span class=\"_ _3\"></span> related to<span class=\"_ _3\"></span> the next accounting year<span class=\"_ _1\"></span>, e.<span class=\"_ _1\"></span>g. freight, hire<span class=\"_ _1\"></span>,.<span class=\"_ _3\"></span>.<span class=\"_ _1\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 410px; height: 300px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 410px; height: 300px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag432": {
   "value": "\n<div class=\"t m0 x1 h11 y51 ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 3<span class=\"_ _1\"></span>1 - TR<span class=\"_ _4\"></span>ADE AND O<span class=\"_ _3\"></span>THER P<span class=\"_ _2\"></span>A<span class=\"_ _2\"></span>Y<span class=\"_ _179\"></span>A<span class=\"_ _4\"></span>BLES</div>\n<div class=\"t m8 x1 hd y57a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y57b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade payables<span class=\"_ _1bd\"> </span>35,366<span class=\"_ _1a\"> </span>22,990</div>\n<div class=\"t m8 x1 hc y57c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other payables<span class=\"_ _230\"> </span>29,100<span class=\"_ _15\"> </span>7,749</div>\n<div class=\"t m8 x1 hc y57d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Deferred income<span class=\"_ _97\"> </span>11,076<span class=\"_ _15\"> </span>6,501</div>\n<div class=\"t m8 x1 hd y57e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other payables<span class=\"_ _36\"> </span>75,542<span class=\"_ _54\"> </span>37,241</div>\n<div class=\"t m8 x1 hc y57f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Of which \ufb01nancial liabilities (Note 32)<span class=\"_ _231\"> </span><span class=\"ff2\">62,730<span class=\"_ _54\"> </span>30,739</span></div>\n<div class=\"t m319 x1 hb ya3 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>ade p<span class=\"_ _4\"></span>ayab<span class=\"_ _4\"></span>les i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>ease<span class=\"_ _4\"></span>d in 20<span class=\"_ _4\"></span>22 du<span class=\"_ _4\"></span>e to Bexco N<span class=\"_ _4\"></span>V and S<span class=\"_ _4\"></span>olai<span class=\"_ _4\"></span>a Ship<span class=\"_ _4\"></span>pin<span class=\"_ _4\"></span>g LLC ente<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g into t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>nso<span class=\"_ _4\"></span>lida<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n sco<span class=\"_ _4\"></span>pe</div>\n<div class=\"t m141 x1 hb ya4 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">(se<span class=\"_ _4\"></span>e Note 5 Bu<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>s com<span class=\"_ _4\"></span>bin<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>ns an<span class=\"_ _4\"></span>d othe<span class=\"_ _4\"></span>r sha<span class=\"_ _4\"></span>re de<span class=\"_ _4\"></span>als) an<span class=\"_ _4\"></span>d highe<span class=\"_ _4\"></span>r Inf<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ure ac<span class=\"_ _7\"></span>tiv<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>es rel<span class=\"_ _4\"></span>ated t<span class=\"_ _4\"></span>o the EEM<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb ya5 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">SHAVEN LNG a<span class=\"_ _4\"></span>nd T<span class=\"_ _1\"></span>A<span class=\"_ _4\"></span>NGO FLNG<span class=\"_ _4\"></span>.</div>\n<div class=\"t m1ac x1 hb ya6 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">O<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r paya<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s mainl<span class=\"_ _4\"></span>y cont<span class=\"_ _4\"></span>ain a<span class=\"_ _4\"></span>dv<span class=\"_ _4\"></span>ance<span class=\"_ _4\"></span>s rec<span class=\"_ _4\"></span>eive<span class=\"_ _4\"></span>d, V<span class=\"_ _1\"></span>A<span class=\"_ _3\"></span>T and p<span class=\"_ _4\"></span>ayro<span class=\"_ _4\"></span>ll paya<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s and i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ed du<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ng 2022 a<span class=\"_ _4\"></span>s a res<span class=\"_ _4\"></span>ult</div>\n<div class=\"t m8 x1 hb ya7 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e inc<span class=\"_ _4\"></span>lusi<span class=\"_ _4\"></span>on of Be<span class=\"_ _4\"></span>xco an<span class=\"_ _4\"></span>d adv<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>es re<span class=\"_ _4\"></span>ceiv<span class=\"_ _4\"></span>ed in r<span class=\"_ _4\"></span>elati<span class=\"_ _4\"></span>on to t<span class=\"_ _4\"></span>he Co<span class=\"_ _4\"></span>ngo p<span class=\"_ _4\"></span>roje<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t wi<span class=\"_ _4\"></span>th Eni.</div>\n<div class=\"t m8 x1 hb y580 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">Deferre<span class=\"_ _4\"></span>d income comprises already invoiced rev<span class=\"_ _3\"></span>enue,<span class=\"_ _3\"></span> related to<span class=\"_ _3\"></span> the next accounting year<span class=\"_ _1\"></span>, e.<span class=\"_ _1\"></span>g. freight, hire<span class=\"_ _1\"></span>,.<span class=\"_ _3\"></span>.<span class=\"_ _1\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 410px; height: 300px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag431": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x1 h11 y67 ff2 fsb fc3 sc0 ls5a ws64\" style=\"z-index: 15;\">NOT<span class=\"_ _3\"></span>E 3<span class=\"_ _1\"></span>2 - FINANCIAL RIS<span class=\"_ _3\"></span>KS AND FI<span class=\"_ _3\"></span>NANCIAL INSTR<span class=\"_ _3\"></span>UMENTS</div>\n\n<div class=\"t m144 x1 hb y69 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">Du<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g the n<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>mal co<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>se of it<span class=\"_ _4\"></span>s b<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s, E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR is ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ose<span class=\"_ _4\"></span>d to var<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>us ri<span class=\"_ _4\"></span>sk<span class=\"_ _4\"></span>s as de<span class=\"_ _4\"></span>sc<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>be<span class=\"_ _4\"></span>d in mor<span class=\"_ _4\"></span>e det<span class=\"_ _4\"></span>ail in t<span class=\"_ _4\"></span>he Co<span class=\"_ _4\"></span>r<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m227 x1 hb y6a ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">po<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>e Gover<span class=\"_ _4\"></span>na<span class=\"_ _4\"></span>nce St<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>. E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R is ex<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d to cr<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>t, inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t, c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>y and li<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks a<span class=\"_ _4\"></span>nd in o<span class=\"_ _4\"></span>rde<span class=\"_ _4\"></span>r to</div>\n<div class=\"t m31a x1 hb y7b ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">hed<span class=\"_ _4\"></span>ge t<span class=\"_ _4\"></span>his ex<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>e, EXM<span class=\"_ _4\"></span>AR us<span class=\"_ _4\"></span>es di<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>ent \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s, m<span class=\"_ _4\"></span>ainly i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t rate h<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ges s<span class=\"_ _4\"></span>itu<span class=\"_ _4\"></span>ated w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>hin our</div>\n<div class=\"t m8 x1 hb y6b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>ccou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es as we<span class=\"_ _4\"></span>ll ais fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y for<span class=\"_ _7\"></span>wa<span class=\"_ _4\"></span>rd co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t m162 x1 hb y6c ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R ap<span class=\"_ _4\"></span>plie<span class=\"_ _4\"></span>s hed<span class=\"_ _4\"></span>ge ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>g for all h<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ging r<span class=\"_ _4\"></span>elat<span class=\"_ _4\"></span>ions w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h mee<span class=\"_ _4\"></span>t the c<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>diti<span class=\"_ _4\"></span>ons to a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>ly he<span class=\"_ _4\"></span>dge a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ing</div>\n<div class=\"t m31b x1 hb y6d ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">(for<span class=\"_ _4\"></span>ma<span class=\"_ _4\"></span>l doc<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on an<span class=\"_ _4\"></span>d high e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tive<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>ss at i<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n an<span class=\"_ _4\"></span>d on an o<span class=\"_ _4\"></span>ngo<span class=\"_ _4\"></span>ing b<span class=\"_ _4\"></span>asi<span class=\"_ _4\"></span>s)<span class=\"_ _3\"></span>. Fina<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al ins<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>c<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y6e ff1 fs9 fc2 sc0 ls2 ws3b\" style=\"z-index: 15;\">og<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d ini<span class=\"_ _4\"></span>tiall<span class=\"_ _4\"></span>y at fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>e. Sub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>nt to ini<span class=\"_ _4\"></span>tial r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnit<span class=\"_ _4\"></span>ion, t<span class=\"_ _4\"></span>he ef<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on of c<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>es in f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue of t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m31c x1 hb y6f ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">\ufb01na<span class=\"_ _4\"></span>ncial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s q<span class=\"_ _4\"></span>ualif<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g for he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ing (i.e. c<span class=\"_ _4\"></span>ash \ufb02<span class=\"_ _4\"></span>ow he<span class=\"_ _4\"></span>dge<span class=\"_ _4\"></span>s), is reco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n othe<span class=\"_ _4\"></span>r com<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>nsiv<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 x1 hb y70 ff1 fs9 fc2 sc0 ls2 ws1c\" style=\"z-index: 15;\">inc<span class=\"_ _4\"></span>ome. A<span class=\"_ _4\"></span>ny inef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive p<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s in f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue an<span class=\"_ _4\"></span>d cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s in f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue of \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s n<span class=\"_ _4\"></span>ot qua<span class=\"_ _4\"></span>l<span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y71 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">if<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>ing fo<span class=\"_ _4\"></span>r hed<span class=\"_ _4\"></span>ge a<span class=\"_ _4\"></span>ccou<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>ng are re<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>mme<span class=\"_ _4\"></span>diate<span class=\"_ _4\"></span>ly in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 80px; height: 168px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 80px; height: 201px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 80px; height: 201px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 80px; height: 201px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div></div>\n<div><br/></div>\n\n<div class=\"t m0 xe h2 y42 ff2 fs0 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fair v<span class=\"_ _4\"></span>al<span class=\"_ _4\"></span>ue &amp; f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>al<span class=\"_ _4\"></span>ue hi<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>arc<span class=\"_ _4\"></span>hy</div>\n<div class=\"t m8 xe hb y7e ff1 fs9 fc2 sc0 ls2 ws2c\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e follo<span class=\"_ _4\"></span>wing t<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le s<span class=\"_ _4\"></span>hows \ufb01<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d \ufb01nan<span class=\"_ _4\"></span>cial lia<span class=\"_ _4\"></span>bili<span class=\"_ _4\"></span>ties m<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue, inclu<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g the<span class=\"_ _4\"></span>ir level i<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y52d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>e hier<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>chy<span class=\"_ _3\"></span>.</div>\n<div class=\"t m8 xe hd y590 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 xe hd y591 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2022</div>\n<div class=\"t m8 xa0 hd y592 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Level 1<span class=\"_ _5b\"> </span>Level 2<span class=\"_ _5b\"> </span>Level 3<span class=\"_ _1e4\"> </span>T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 xe hc y593 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Derivative \ufb01nancial asset<span class=\"_ _234\"> </span>0<span class=\"_ _18\"> </span>573<span class=\"_ _15\"> </span>0<span class=\"_ _52\"> </span><span class=\"ff2\">573</span></div>\n<div class=\"t m8 xe hc y594 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity securities - FVTPL<span class=\"_ _18e\"> </span>1,054<span class=\"_ _18\"> </span>795<span class=\"_ _15\"> </span>0<span class=\"_ _126\"> </span><span class=\"ff2\">1,849</span></div>\n<div class=\"t m8 xe hd y595 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal \ufb01nancial assets carried at fair value<span class=\"_ _ae\"> </span>1,054<span class=\"_ _126\"> </span>1,368<span class=\"_ _131\"> </span>0<span class=\"_ _126\"> </span>2,422</div>\n<div class=\"t m8 xe hc y596 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal \ufb01nancial liabilities carried at fair value<span class=\"_ _235\"> </span><span class=\"ff6\">0<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _15\"> </span>0</span></div>\n<div class=\"t m8 xe hd y597 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 xe hd y598 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2021</div>\n<div class=\"t m8 xa0 hd y599 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Level 1<span class=\"_ _5b\"> </span>Level 2<span class=\"_ _5b\"> </span>Level 3<span class=\"_ _1e4\"> </span>T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 xe hc y59a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Derivative \ufb01nancial asset<span class=\"_ _234\"> </span>0<span class=\"_ _18\"> </span>920<span class=\"_ _15\"> </span>0<span class=\"_ _18\"> </span>920</div>\n<div class=\"t m8 xe hc y59b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity securities - FVTPL<span class=\"_ _236\"> </span>938<span class=\"_ _18\"> </span>911<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>1,849</div>\n<div class=\"t m8 xe hd y59c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal \ufb01nancial assets carried at fair value<span class=\"_ _19b\"> </span>938<span class=\"_ _126\"> </span>1,831<span class=\"_ _131\"> </span>0<span class=\"_ _126\"> </span>2,769</div>\n<div class=\"t m8 xe hd y59d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal \ufb01nancial liabilities carried at fair value<span class=\"_ _199\"> </span>0<span class=\"_ _131\"> </span>0<span class=\"_ _131\"> </span>0<span class=\"_ _131\"> </span>0</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 796px; height: 343px; width: 88%; z-index: 5;\"></div>\n\n<div class=\"t m8 xe hb y59e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fina<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r tha<span class=\"_ _4\"></span>n tho<span class=\"_ _4\"></span>se li<span class=\"_ _4\"></span>ste<span class=\"_ _4\"></span>d ab<span class=\"_ _4\"></span>ove are al<span class=\"_ _4\"></span>l meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at am<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ized c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t.</div>\n\n<div><br/></div>\n<div class=\"t m0 xe h6 y4c9 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Credit risk</div>\n<div class=\"t m0 xe h2 y51 ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">Credit risk policy</div>\n<div class=\"t m31d xe hb y52 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p is ex<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d to cre<span class=\"_ _4\"></span>dit r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k fr<span class=\"_ _4\"></span>om it<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ing ac<span class=\"_ _7\"></span>tiv<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s (p<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>mar<span class=\"_ _4\"></span>ily tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>e an<span class=\"_ _4\"></span>d othe<span class=\"_ _4\"></span>r rec<span class=\"_ _4\"></span>eiva<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s and t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1f4 xe hb y53 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ions w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s) and f<span class=\"_ _4\"></span>rom i<span class=\"_ _4\"></span>ts \ufb01<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cing a<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tiv<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>es, inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ing d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>osi<span class=\"_ _4\"></span>ts w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h ban<span class=\"_ _4\"></span>ks, fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 xe hb y54 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">exchange<span class=\"_ _3\"></span> transac<span class=\"_ _4\"></span>tions and other<span class=\"_ _3\"></span> \ufb01nancial<span class=\"_ _1\"></span> ins<span class=\"_ _4\"></span>trument<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m31e xe hb y73 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Cre<span class=\"_ _4\"></span>dit r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k is mo<span class=\"_ _4\"></span>nito<span class=\"_ _4\"></span>red c<span class=\"_ _4\"></span>los<span class=\"_ _4\"></span>ely a<span class=\"_ _4\"></span>nd by ea<span class=\"_ _4\"></span>ch s<span class=\"_ _4\"></span>egm<span class=\"_ _4\"></span>ent o<span class=\"_ _4\"></span>n an o<span class=\"_ _4\"></span>ngoi<span class=\"_ _4\"></span>ng ba<span class=\"_ _4\"></span>sis by t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up a<span class=\"_ _4\"></span>nd cr<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>wor<span class=\"_ _7\"></span>th<span class=\"_ _4\"></span>ine<span class=\"_ _4\"></span>ss co<span class=\"_ _4\"></span>n<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y55 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">tro<span class=\"_ _4\"></span>ls are c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ied o<span class=\"_ _4\"></span>ut i<span class=\"_ _4\"></span>f dee<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>d nece<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>sar<span class=\"_ _7\"></span>y<span class=\"_ _3\"></span>.</div>\n<div class=\"t m31f xe hb y57 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e bor<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s to eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es co<span class=\"_ _4\"></span>nsis<span class=\"_ _4\"></span>t of s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>hol<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>r loan<span class=\"_ _4\"></span>s to our e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted inve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tees t<span class=\"_ _4\"></span>hat</div>\n<div class=\"t m320 xe hb y58 ff1 fs9 fc2 sc0 ls15 wsf\" style=\"z-index: 15;\">ow<span class=\"_ _4\"></span>n or op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ate a<span class=\"_ _4\"></span>n LPG ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>el or O<span class=\"_ _4\"></span>f<span class=\"_ _7\"></span>fs<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>re plat<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>m. A<span class=\"_ _4\"></span>s all ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>els a<span class=\"_ _4\"></span>re op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>onal a<span class=\"_ _4\"></span>nd ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>e inco<span class=\"_ _4\"></span>me or a<span class=\"_ _4\"></span>re</div>\n<div class=\"t m321 xe hb y59 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">ple<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>ed as a s<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y fo<span class=\"_ _4\"></span>r the u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>lyin<span class=\"_ _4\"></span>g bo<span class=\"_ _4\"></span>rro<span class=\"_ _4\"></span>win<span class=\"_ _4\"></span>g, we do no<span class=\"_ _4\"></span>t anti<span class=\"_ _4\"></span>cip<span class=\"_ _4\"></span>ate any re<span class=\"_ _4\"></span>cover<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y i<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ues f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e ou<span class=\"_ _4\"></span>ts<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>d<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m322 xe hb y5a ff1 fs9 fc2 sc0 ls16 wsf\" style=\"z-index: 15;\">ing b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s (af<span class=\"_ _4\"></span>ter i<span class=\"_ _4\"></span>mpai<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>) to eq<span class=\"_ _4\"></span>uit<span class=\"_ _7\"></span>y acco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ees<span class=\"_ _4\"></span>. Th<span class=\"_ _4\"></span>e equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s for w<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>m the</div>\n<div class=\"t m323 xe hb y5b ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">sha<span class=\"_ _4\"></span>re in t<span class=\"_ _4\"></span>he ne<span class=\"_ _4\"></span>t as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>s neg<span class=\"_ _4\"></span>ative, are a<span class=\"_ _4\"></span>lloc<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d to ot<span class=\"_ _4\"></span>her c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s (mai<span class=\"_ _4\"></span>nly d<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d fro<span class=\"_ _4\"></span>m re<span class=\"_ _4\"></span>ceiv<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>es) of t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m324 xe hb y5c ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">inves<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>\u2019<span class=\"_ _3\"></span>s inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t in t<span class=\"_ _4\"></span>he e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tee an<span class=\"_ _4\"></span>d if t<span class=\"_ _4\"></span>he ne<span class=\"_ _4\"></span>gati<span class=\"_ _4\"></span>ve net a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et exc<span class=\"_ _4\"></span>eed<span class=\"_ _4\"></span>s th<span class=\"_ _4\"></span>e inves<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>\u2019<span class=\"_ _3\"></span>s inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t, a</div>\n<div class=\"t m325 xe hb y5d ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">cor<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ond<span class=\"_ _4\"></span>ing lia<span class=\"_ _4\"></span>bili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nized t<span class=\"_ _4\"></span>o the ex<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ent t<span class=\"_ _4\"></span>hat th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up has a l<span class=\"_ _4\"></span>egal o<span class=\"_ _4\"></span>r con<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve ob<span class=\"_ _4\"></span>ligat<span class=\"_ _4\"></span>ion. T<span class=\"_ _4\"></span>he ter<span class=\"_ _4\"></span>ms</div>\n<div class=\"t m8 xe hb y5e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e sha<span class=\"_ _4\"></span>reh<span class=\"_ _4\"></span>old<span class=\"_ _4\"></span>er loa<span class=\"_ _4\"></span>ns ar<span class=\"_ _4\"></span>e dis<span class=\"_ _4\"></span>cus<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ed in N<span class=\"_ _4\"></span>ote 1<span class=\"_ _1\"></span>9 B<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs t<span class=\"_ _4\"></span>o equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s of thi<span class=\"_ _4\"></span>s ann<span class=\"_ _4\"></span>ual re<span class=\"_ _4\"></span>por<span class=\"_ _7\"></span>t.</div>\n<div class=\"t m326 xe hb y5f ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p onl<span class=\"_ _4\"></span>y eng<span class=\"_ _4\"></span>age<span class=\"_ _4\"></span>s wit<span class=\"_ _4\"></span>h ban<span class=\"_ _4\"></span>ks w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h a goo<span class=\"_ _4\"></span>d cr<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>t ra<span class=\"_ _4\"></span>ting. T<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup m<span class=\"_ _4\"></span>oni<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d manag<span class=\"_ _4\"></span>es ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>osu<span class=\"_ _4\"></span>res to</div>\n<div class=\"t m8 xe hb y60 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ban<span class=\"_ _4\"></span>ks w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h app<span class=\"_ _4\"></span>rove<span class=\"_ _4\"></span>d cou<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y c<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>it limi<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s and c<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>dit r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k par<span class=\"_ _4\"></span>am<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>s in o<span class=\"_ _4\"></span>rde<span class=\"_ _4\"></span>r to mit<span class=\"_ _4\"></span>igate t<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>isk o<span class=\"_ _4\"></span>f def<span class=\"_ _4\"></span>aul<span class=\"_ _4\"></span>t.</div>\n<div class=\"t m0 xe h2 y76 ff2 fs0 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>ure t<span class=\"_ _4\"></span>o ris<span class=\"_ _4\"></span>k</div>\n<div class=\"t m8 xe hd y59f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y5a0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity accounted investees<span class=\"_ _178\"> </span>7,000<span class=\"_ _1cc\"> </span>40,167</div>\n<div class=\"t m8 xe hc y5a1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Derivative \ufb01nancial assets<span class=\"_ _24\"> </span>573<span class=\"_ _25\"> </span>920</div>\n<div class=\"t m8 xe hc y5a2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other investments - equity instruments at FVTPL<span class=\"_ _237\"> </span>1,849<span class=\"_ _15\"> </span>1,849</div>\n<div class=\"t m8 xe hc y5a3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other r<span class=\"_ _3\"></span>eceivables (see Note 24)<span class=\"_ _1b7\"> </span>59,778<span class=\"_ _1cc\"> </span>48,534</div>\n<div class=\"t m8 xe hc y5a4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Restricted cash<span class=\"_ _238\"> </span>0<span class=\"_ _1a\"> </span>76,121</div>\n<div class=\"t m8 xe hc y5a5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash and cash equivalents<span class=\"_ _239\"> </span>519,553<span class=\"_ _1a\"> </span>71,130</div>\n<div class=\"t m8 xe hd y5a6 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Carrying amount of \ufb01nancial assets<span class=\"_ _23a\"> </span>588,753<span class=\"_ _d\"> </span>238,721</div>\n<div class=\"t m8 xe hb y6b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e car<span class=\"_ _4\"></span>r<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s of t<span class=\"_ _4\"></span>he \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s r<span class=\"_ _4\"></span>epr<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>nt t<span class=\"_ _4\"></span>he ma<span class=\"_ _4\"></span>xim<span class=\"_ _4\"></span>um c<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>it ex<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>e.</div>\n\n<div></div>\n\n<div class=\"t m0 xe h2 y6d ff2 fs0 fc2 sc0 ls2c ws1e\" style=\"z-index: 15;\">Impairment l<span class=\"_ _3\"></span>osses</div>\n<div class=\"t m8 xe hb y6e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s pas<span class=\"_ _4\"></span>t d<span class=\"_ _4\"></span>ue ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ding r<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>ble b<span class=\"_ _4\"></span>alanc<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e imma<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>ial, no age<span class=\"_ _4\"></span>ing an<span class=\"_ _4\"></span>aly<span class=\"_ _4\"></span>sis is d<span class=\"_ _4\"></span>isc<span class=\"_ _4\"></span>los<span class=\"_ _4\"></span>ed.</div>\n<div class=\"t m36 xe hb y6f ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">At year-<span class=\"_ _4\"></span>end 2<span class=\"_ _4\"></span>022, we rec<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>ir<span class=\"_ _4\"></span>ment c<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>ges f<span class=\"_ _4\"></span>or b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs t<span class=\"_ _4\"></span>o and t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>de re<span class=\"_ _4\"></span>cei<span class=\"_ _4\"></span>vab<span class=\"_ _4\"></span>le ba<span class=\"_ _4\"></span>lanc<span class=\"_ _4\"></span>es f<span class=\"_ _4\"></span>rom e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y</div>\n<div class=\"t m327 xe hb y70 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ees fo<span class=\"_ _4\"></span>r a tot<span class=\"_ _4\"></span>al amo<span class=\"_ _4\"></span>unt of US<span class=\"_ _4\"></span>D 1<span class=\"_ _2\"></span>1.2 millio<span class=\"_ _4\"></span>n and US<span class=\"_ _4\"></span>D 2.3 millio<span class=\"_ _4\"></span>n imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt cha<span class=\"_ _4\"></span>rge<span class=\"_ _4\"></span>s on ot<span class=\"_ _4\"></span>her (no<span class=\"_ _4\"></span>n-</div>\n<div class=\"t m8 xe hb y71 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">trad<span class=\"_ _4\"></span>e)<span class=\"_ _3\"></span> third par<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y receivable balances.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 8%; bottom: 80px; height: 86px; width: 84%; z-index: 7;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 80px; height: 86px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 80px; height: 655px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 80px; height: 1059px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 80px; height: 1059px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 80px; height: 1059px; 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 x1 h6 y1d6 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Interest risk</div>\n\n<div class=\"t m0 x1 h2 y7f ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">Interest risk policy</div>\n<div class=\"t m328 x1 hb y43 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t-b<span class=\"_ _4\"></span>ear<span class=\"_ _4\"></span>ing lo<span class=\"_ _4\"></span>ans ar<span class=\"_ _4\"></span>e mainl<span class=\"_ _4\"></span>y neg<span class=\"_ _4\"></span>otiat<span class=\"_ _4\"></span>ed wi<span class=\"_ _4\"></span>th v<span class=\"_ _4\"></span>ari<span class=\"_ _4\"></span>able i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ra<span class=\"_ _4\"></span>tes. I<span class=\"_ _4\"></span>n ord<span class=\"_ _4\"></span>er to mo<span class=\"_ _4\"></span>nito<span class=\"_ _4\"></span>r thi<span class=\"_ _4\"></span>s inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ri<span class=\"_ _4\"></span>sk<span class=\"_ _4\"></span>,</div>\n<div class=\"t m271 x1 hb y80 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p makes u<span class=\"_ _4\"></span>se of in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>st h<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ging i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s availa<span class=\"_ _4\"></span>ble o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e mar<span class=\"_ _4\"></span>ket whe<span class=\"_ _4\"></span>n man<span class=\"_ _4\"></span>age<span class=\"_ _4\"></span>ment i<span class=\"_ _4\"></span>s of the o<span class=\"_ _4\"></span>pin<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y81 ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">ion t<span class=\"_ _4\"></span>hat i<span class=\"_ _4\"></span>t is favo<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ble to d<span class=\"_ _4\"></span>o so. Fo<span class=\"_ _4\"></span>r the m<span class=\"_ _4\"></span>ome<span class=\"_ _4\"></span>nt, no i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t rat<span class=\"_ _4\"></span>e sw<span class=\"_ _4\"></span>aps ex<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t wi<span class=\"_ _4\"></span>thi<span class=\"_ _4\"></span>n our s<span class=\"_ _4\"></span>ubs<span class=\"_ _4\"></span>idia<span class=\"_ _4\"></span>rie<span class=\"_ _4\"></span>s. O<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e othe<span class=\"_ _4\"></span>r</div>\n<div class=\"t mce x1 hb y82 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">han<span class=\"_ _4\"></span>d, dif<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>t inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ra<span class=\"_ _4\"></span>te sw<span class=\"_ _4\"></span>aps ex<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t wi<span class=\"_ _4\"></span>thin o<span class=\"_ _4\"></span>ur e<span class=\"_ _4\"></span>quit<span class=\"_ _7\"></span>y acco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es. T<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup a<span class=\"_ _4\"></span>ppli<span class=\"_ _4\"></span>es he<span class=\"_ _4\"></span>dge a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unt</div>\n<div class=\"t m1c x14 hb y82 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y83 ff1 fs9 fc2 sc0 ls2 ws12\" style=\"z-index: 15;\">ing w<span class=\"_ _4\"></span>hen t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>ns to ap<span class=\"_ _4\"></span>pl<span class=\"_ _4\"></span>y hed<span class=\"_ _4\"></span>ge ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>g are me<span class=\"_ _4\"></span>t. In c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>e no he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng is a<span class=\"_ _4\"></span>ppl<span class=\"_ _4\"></span>ied, t<span class=\"_ _4\"></span>he cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x1 hb y20b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">in f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>rde<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>tem<span class=\"_ _4\"></span>ent of p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 987px; height: 119px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x1 h2 y86 ff2 fs0 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>ure t<span class=\"_ _4\"></span>o ris<span class=\"_ _4\"></span>k</div>\n<div class=\"t m8 x1 hd y5a7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y5a8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal borrowings (excluding lease liabilities)<span class=\"_ _19d\"> </span>208,083<span class=\"_ _18\"> </span>418,707</div>\n<div class=\"t m8 x1f hc y5a9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">with \ufb01xed interest rate<span class=\"_ _239\"> </span>154,669<span class=\"_ _18\"> </span>173,079</div>\n<div class=\"t m8 x1f hc y5aa ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">with variable interest rate<span class=\"_ _53\"> </span>53,414<span class=\"_ _18\"> </span>245,628</div>\n<div class=\"t m8 x1 hd y5ab ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net exposure\u2005<span class=\"_ _b5\"> </span>53,414<span class=\"_ _d\"> </span>245,628</div>\n<div class=\"t m2bb x1 hb y4c ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt of v<span class=\"_ _4\"></span>ari<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate bo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs d<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>ed s<span class=\"_ _4\"></span>igni<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>antl<span class=\"_ _4\"></span>y du<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g 2022 as a r<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>ult of t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>pay<span class=\"_ _4\"></span>ment o<span class=\"_ _4\"></span>f</div>\n<div class=\"t m2d0 x1 hb y4d ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e NOK un<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>cure<span class=\"_ _4\"></span>d bo<span class=\"_ _4\"></span>nd a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e Bank o<span class=\"_ _4\"></span>f China c<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>dit f<span class=\"_ _4\"></span>acil<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y (se<span class=\"_ _4\"></span>e Note 28 Bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owin<span class=\"_ _4\"></span>gs), wit<span class=\"_ _4\"></span>h out<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>and<span class=\"_ _4\"></span>ing b<span class=\"_ _4\"></span>alanc<span class=\"_ _4\"></span>es</div>\n<div class=\"t m8 x1 hb y4e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of USD 71<span class=\"_ _1\"></span>.3 millio<span class=\"_ _4\"></span>n an<span class=\"_ _4\"></span>d USD 1<span class=\"_ _1\"></span>29<span class=\"_ _1\"></span>.<span class=\"_ _4\"></span>3 millio<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>vely at ye<span class=\"_ _4\"></span>ar-en<span class=\"_ _4\"></span>d 2021<span class=\"_ _1\"></span>.</div>\n<div class=\"t m0 x1 h2 y4f ff2 fs0 fc2 sc0 ls39 ws35\" style=\"z-index: 15;\">Sensitivit<span class=\"_ _4\"></span>y analysis</div>\n<div class=\"t m329 x1 hb y50 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">In c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>e the i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ra<span class=\"_ _4\"></span>te wou<span class=\"_ _4\"></span>ld in<span class=\"_ _4\"></span>crea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>/<span class=\"_ _1\"></span>d<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e wit<span class=\"_ _4\"></span>h 50 b<span class=\"_ _4\"></span>asi<span class=\"_ _4\"></span>s poi<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s, the \ufb01<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s w<span class=\"_ _4\"></span>ould b<span class=\"_ _4\"></span>e im<span class=\"_ _4\"></span>pac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m8 x1 hb y51 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">wit<span class=\"_ _4\"></span>h th<span class=\"_ _4\"></span>e follo<span class=\"_ _4\"></span>win<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s (as<span class=\"_ _4\"></span>sum<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>hat all ot<span class=\"_ _4\"></span>her v<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>iabl<span class=\"_ _4\"></span>es re<span class=\"_ _4\"></span>main u<span class=\"_ _4\"></span>nch<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>):</div>\n<div class=\"t m8 x1 hd y5ac ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _61\"> </span>2022<span class=\"_ _190\"> </span>2021</div>\n<div class=\"t m8 xa1 hd y5ad ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">+ 50 bp<span class=\"_ _5b\"> </span>- 50 bp<span class=\"_ _ac\"> </span>+ 50 bp<span class=\"_ _5b\"> </span>- 50 bp</div>\n<div class=\"t m8 x1 hc y5ae ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>ariable interest rate borrowings<span class=\"_ _ad\"> </span>267<span class=\"_ _64\"> </span>-267<span class=\"_ _7a\"> </span>1,228<span class=\"_ _126\"> </span>-1,228</div>\n<div class=\"t m8 x1 hc y5af ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest rate swaps and cr<span class=\"_ _3\"></span>oss-currency rate swaps<span class=\"_ _23b\"> </span>0<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m8 x1 hd y5b0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Sensitivity (net), of which<span class=\"_ _d2\"> </span>267<span class=\"_ _23c\"> </span>-267<span class=\"_ _126\"> </span>1,228<span class=\"_ _a0\"> </span>-1,228</div>\n<div class=\"t m8 x1f hc y5b1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impact in pro\ufb01t and loss<span class=\"_ _23d\"> </span>267<span class=\"_ _1a7\"> </span>-267<span class=\"_ _7a\"> </span>1,228<span class=\"_ _126\"> </span>-1,228</div>\n<div class=\"t m8 x1f hc y5b2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impact in equity\u2005<span class=\"_ _23e\"> </span>0<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m32a x1 hb ya3 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">A sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>t por<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR<span class=\"_ _4\"></span>\u2019s intere<span class=\"_ _4\"></span>st i<span class=\"_ _4\"></span>nco<span class=\"_ _4\"></span>me is d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ived f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m bor<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>win<span class=\"_ _4\"></span>gs to e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tees w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h</div>\n<div class=\"t m11c x1 hb ya4 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">var<span class=\"_ _4\"></span>iab<span class=\"_ _4\"></span>le int<span class=\"_ _4\"></span>eres<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s. A<span class=\"_ _4\"></span>ny inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e/decr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e in th<span class=\"_ _4\"></span>e inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate wo<span class=\"_ _4\"></span>uld re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>t in an in<span class=\"_ _4\"></span>cre<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>/<span class=\"_ _1\"></span>d<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e of int<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>st</div>\n<div class=\"t m32b x1 hb ya5 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">inc<span class=\"_ _4\"></span>ome b<span class=\"_ _4\"></span>ut wo<span class=\"_ _4\"></span>uld mai<span class=\"_ _4\"></span>nly b<span class=\"_ _4\"></span>e of<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>set b<span class=\"_ _4\"></span>y an inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e/ d<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e in th<span class=\"_ _4\"></span>e inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnize<span class=\"_ _4\"></span>d by th<span class=\"_ _4\"></span>e eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m32c x1 hb ya6 ff1 fs9 fc2 sc0 ls24 wsc\" style=\"z-index: 15;\">cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee f<span class=\"_ _4\"></span>or a cor<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>ding a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt. Ac<span class=\"_ _4\"></span>cord<span class=\"_ _4\"></span>ingl<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>, any i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>ease<span class=\"_ _4\"></span>/<span class=\"_ _3\"></span>dec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e in t<span class=\"_ _4\"></span>he va<span class=\"_ _4\"></span>ria<span class=\"_ _4\"></span>ble in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>st r<span class=\"_ _4\"></span>ate a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>lied</div>\n<div class=\"t m8 x1 hb ya7 ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">on t<span class=\"_ _4\"></span>he bo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs to e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s woul<span class=\"_ _4\"></span>d have no im<span class=\"_ _4\"></span>pac<span class=\"_ _7\"></span>t on t<span class=\"_ _4\"></span>he net r<span class=\"_ _4\"></span>esu<span class=\"_ _4\"></span>lt of t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up. Th<span class=\"_ _4\"></span>eref<span class=\"_ _4\"></span>ore,</div>\n<div class=\"t m8 x1 hb y580 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owin<span class=\"_ _4\"></span>gs to e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ees h<span class=\"_ _4\"></span>ave not be<span class=\"_ _4\"></span>en i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e ab<span class=\"_ _4\"></span>ove sen<span class=\"_ _4\"></span>sit<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y anal<span class=\"_ _4\"></span>ys<span class=\"_ _4\"></span>is.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 410px; height: 721px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 410px; height: 721px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 410px; height: 721px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 410px; height: 721px; 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 xe h6 y1d6 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Currenc<span class=\"_ _4\"></span>y risk</div>\n<div class=\"t m8 xe hb y7f ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k is his<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>ally m<span class=\"_ _4\"></span>ainl<span class=\"_ _4\"></span>y af<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted b<span class=\"_ _4\"></span>y the EUR<span class=\"_ _7\"></span>/USD r<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>o for ma<span class=\"_ _4\"></span>nnin<span class=\"_ _4\"></span>g it<span class=\"_ _4\"></span>s \ufb02ee<span class=\"_ _4\"></span>t, pay<span class=\"_ _4\"></span>ing s<span class=\"_ _4\"></span>alar<span class=\"_ _4\"></span>ies</div>\n<div class=\"t m8 xe hb y1fa ff1 fs9 fc2 sc0 ls2 ws55\" style=\"z-index: 15;\">and a<span class=\"_ _4\"></span>ll oth<span class=\"_ _4\"></span>er pe<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>nel re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s and s<span class=\"_ _4\"></span>ince N<span class=\"_ _4\"></span>ovemb<span class=\"_ _4\"></span>er 20<span class=\"_ _4\"></span>22 als<span class=\"_ _4\"></span>o for t<span class=\"_ _4\"></span>he Bex<span class=\"_ _4\"></span>co ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>ties (s<span class=\"_ _4\"></span>ee No<span class=\"_ _4\"></span>te 5 Bus<span class=\"_ _4\"></span>i</div>\n<div class=\"t m8 x3d hb y43 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m32d xe hb y80 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">nes<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>inat<span class=\"_ _4\"></span>ions a<span class=\"_ _4\"></span>nd ot<span class=\"_ _4\"></span>her s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>e tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s), which a<span class=\"_ _4\"></span>re ex<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d in EUR<span class=\"_ _4\"></span>. In ord<span class=\"_ _4\"></span>er to m<span class=\"_ _4\"></span>oni<span class=\"_ _4\"></span>tor t<span class=\"_ _4\"></span>he cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k,</div>\n<div class=\"t m8 xe hb y81 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p us<span class=\"_ _4\"></span>es a r<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>e of fore<span class=\"_ _4\"></span>ign c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>y rat<span class=\"_ _4\"></span>e hed<span class=\"_ _4\"></span>ging i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d for<span class=\"_ _7\"></span>wa<span class=\"_ _4\"></span>rd co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s if d<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>d nece<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>sar<span class=\"_ _7\"></span>y<span class=\"_ _3\"></span>.</div>\n<div class=\"t m168 xe hb y82 ff1 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">At year-<span class=\"_ _4\"></span>end 20<span class=\"_ _4\"></span>22, EX<span class=\"_ _4\"></span>MAR p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>ed US<span class=\"_ _4\"></span>D 1<span class=\"_ _1\"></span>3.8 millio<span class=\"_ _4\"></span>n for<span class=\"_ _7\"></span>war<span class=\"_ _4\"></span>ds, w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h res<span class=\"_ _4\"></span>ulte<span class=\"_ _4\"></span>d in a f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue gai<span class=\"_ _4\"></span>n of USD 1<span class=\"_ _3\"></span>.<span class=\"_ _2\"></span>1 m<span class=\"_ _4\"></span>illion.</div>\n<div class=\"t m8 xe hb y83 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s per D<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2021<span class=\"_ _1\"></span>, no \ufb01na<span class=\"_ _4\"></span>ncial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>s were o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>and<span class=\"_ _4\"></span>ing to cove<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e EUR<span class=\"_ _4\"></span>/US<span class=\"_ _4\"></span>D<span class=\"_ _1\"></span>.</div>\n<div class=\"t m8 xe hb y20b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">At year-<span class=\"_ _4\"></span>end 20<span class=\"_ _4\"></span>22, EX<span class=\"_ _4\"></span>MAR h<span class=\"_ _4\"></span>ad als<span class=\"_ _4\"></span>o pu<span class=\"_ _4\"></span>rch<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d EUR 75.6 million d<span class=\"_ _4\"></span>aily s<span class=\"_ _4\"></span>wap<span class=\"_ _4\"></span>s for US<span class=\"_ _4\"></span>D 80.6 mil<span class=\"_ _4\"></span>lion.</div>\n<div class=\"t m32e xe hb y85 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">In pr<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>r year<span class=\"_ _4\"></span>s and u<span class=\"_ _4\"></span>ntil m<span class=\"_ _4\"></span>atur<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y o<span class=\"_ _4\"></span>f the u<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>red N<span class=\"_ _4\"></span>OK 650.0 milli<span class=\"_ _4\"></span>on in M<span class=\"_ _4\"></span>ay 2022, the g<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p als<span class=\"_ _4\"></span>o clo<span class=\"_ _4\"></span>sel<span class=\"_ _4\"></span>y moni<span class=\"_ _4\"></span>tore<span class=\"_ _4\"></span>d</div>\n<div class=\"t m32f xe hb y86 ff1 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e NOK<span class=\"_ _7\"></span>/USD evo<span class=\"_ _4\"></span>luti<span class=\"_ _4\"></span>on an<span class=\"_ _4\"></span>d pur<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d for<span class=\"_ _7\"></span>war<span class=\"_ _4\"></span>d cont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s to cove<span class=\"_ _4\"></span>r the r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k. En<span class=\"_ _4\"></span>d 2021<span class=\"_ _1\"></span>, EX<span class=\"_ _4\"></span>MAR p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>ed N<span class=\"_ _4\"></span>OK 240.0</div>\n<div class=\"t m330 xe hb y87 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">millio<span class=\"_ _4\"></span>n for<span class=\"_ _7\"></span>war<span class=\"_ _4\"></span>ds fo<span class=\"_ _4\"></span>r USD 26.3 milli<span class=\"_ _4\"></span>on, whi<span class=\"_ _4\"></span>ch re<span class=\"_ _4\"></span>sult<span class=\"_ _4\"></span>ed in a f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue g<span class=\"_ _4\"></span>ain of USD 0.<span class=\"_ _3\"></span>9 millio<span class=\"_ _4\"></span>n, however i<span class=\"_ _4\"></span>n 2022 a lo<span class=\"_ _4\"></span>ss o<span class=\"_ _4\"></span>f</div>\n<div class=\"t m331 xe hb y8c ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">USD 2.6 milli<span class=\"_ _4\"></span>on wa<span class=\"_ _4\"></span>s reali<span class=\"_ _4\"></span>zed o<span class=\"_ _4\"></span>n the s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>lem<span class=\"_ _4\"></span>ent of t<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e for<span class=\"_ _7\"></span>wa<span class=\"_ _4\"></span>rds, b<span class=\"_ _4\"></span>ut w<span class=\"_ _4\"></span>as of<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et by t<span class=\"_ _4\"></span>he reali<span class=\"_ _4\"></span>zed fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n exc<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y88 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">gain u<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>n rep<span class=\"_ _4\"></span>aym<span class=\"_ _4\"></span>ent of t<span class=\"_ _4\"></span>he b<span class=\"_ _4\"></span>ond (s<span class=\"_ _4\"></span>ee No<span class=\"_ _4\"></span>te 1<span class=\"_ _1\"></span>2 Fi<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>e inco<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>/<span class=\"_ _1\"></span>ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d Note 28 Bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owi<span class=\"_ _4\"></span>ngs).</div>\n<div class=\"t m0 xe h2 y8a ff2 fs0 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>ure t<span class=\"_ _4\"></span>o ris<span class=\"_ _4\"></span>k</div>\n<div class=\"t m8 xe hb yd8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>ure to c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y ri<span class=\"_ _4\"></span>sk<span class=\"_ _4\"></span>, bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n notio<span class=\"_ _4\"></span>nal a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s in th<span class=\"_ _4\"></span>ous<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ds of f<span class=\"_ _4\"></span>oreig<span class=\"_ _4\"></span>n cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y:</div>\n<div class=\"t m8 xe hd y5b3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of local</div>\n<div class=\"t m8 xe hd y5b4 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">currency)</div>\n<div class=\"t m8 x94 hd y5b5 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _9f\"> </span>2021</div>\n<div class=\"t m8 xa2 hd y5b6 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EUR<span class=\"_ _137\"> </span>NOK<span class=\"_ _8b\"> </span>XAF<span class=\"_ _8b\"> </span>ARS<span class=\"_ _23f\"> </span>EUR<span class=\"_ _137\"> </span>NOK<span class=\"_ _e5\"> </span>SGD<span class=\"_ _8b\"> </span>ARS</div>\n<div class=\"t m8 xe hc y5b7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Receivables<span class=\"_ _170\"> </span>12,435<span class=\"_ _137\"> </span>1,899<span class=\"_ _1de\"> </span>434,754<span class=\"_ _240\"> </span>225,083<span class=\"_ _137\"> </span>5,845<span class=\"_ _8a\"> </span>55<span class=\"_ _8a\"> </span>27<span class=\"_ _240\"> </span>199,458</div>\n<div class=\"t m8 xe hc y5b8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Payables<span class=\"_ _1f2\"> </span>-16,083<span class=\"_ _7a\"> </span>0<span class=\"_ _1c7\"> </span>-12,801<span class=\"_ _1c7\"> </span>-37,564<span class=\"_ _1c7\"> </span>-10,453<span class=\"_ _1cd\"> </span>-7,636<span class=\"_ _ac\"> </span>-106<span class=\"_ _1c7\"> </span>-30,640</div>\n<div class=\"t m8 xe hc y5b9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest-bearing loans<span class=\"_ _216\"> </span>0<span class=\"_ _7a\"> </span>0<span class=\"_ _7a\"> </span>0<span class=\"_ _7a\"> </span>0<span class=\"_ _7a\"> </span>0<span class=\"_ _1ca\"> </span>-625,391<span class=\"_ _7a\"> </span>0<span class=\"_ _7a\"> </span>0</div>\n<div class=\"t m8 xe hd y5ba ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance sheet</div>\n<div class=\"t m8 xe hd y5bb ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">exposure\u2005</div>\n<div class=\"t m8 xa3 hd y5bc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-3,648<span class=\"_ _1cd\"> </span>1,899<span class=\"_ _1c3\"> </span>421,953<span class=\"_ _1c3\"> </span>187,519<span class=\"_ _1d7\"> </span>-4,608<span class=\"_ _1d0\"> </span>-632,972<span class=\"_ _1a2\"> </span>-79<span class=\"_ _241\"> </span>168,818</div>\n<div class=\"t m8 xe hc y5bd ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Forward contracts<span class=\"_ _242\"> </span>240,000</div>\n<div class=\"t m8 xe hd y5be ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net exposure<span class=\"_ _131\"> </span>-3,648<span class=\"_ _1cd\"> </span>1,899<span class=\"_ _1c3\"> </span>421,953<span class=\"_ _241\"> </span>187,519<span class=\"_ _1e5\"> </span>-4,608<span class=\"_ _1d0\"> </span>-392,972<span class=\"_ _5b\"> </span>-79<span class=\"_ _1c3\"> </span>168,818</div>\n<div class=\"t m8 xe hc y5bf ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">In thousands of USD<span class=\"_ _a0\"> </span>-3,891<span class=\"_ _5b\"> </span>193<span class=\"_ _eb\"> </span>686<span class=\"_ _137\"> </span>1,059<span class=\"_ _107\"> </span>-5,219<span class=\"_ _1c7\"> </span>-44,558<span class=\"_ _14d\"> </span>-59<span class=\"_ _137\"> </span>1,643</div>\n<div class=\"t m332 xe hb y55 ff1 fs9 fc2 sc0 ls25 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e above ove<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>iew re<span class=\"_ _4\"></span>\ufb02ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>re for t<span class=\"_ _4\"></span>he to<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>4 cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks<span class=\"_ _4\"></span>. As t<span class=\"_ _4\"></span>he X<span class=\"_ _7\"></span>AF (C<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>ral A<span class=\"_ _4\"></span>fr<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>an CFA Fran<span class=\"_ _4\"></span>c) be<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>me</div>\n<div class=\"t m8 xe hb y56 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">mor<span class=\"_ _4\"></span>e imp<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>ta<span class=\"_ _4\"></span>nt in 202<span class=\"_ _4\"></span>2 tha<span class=\"_ _4\"></span>n the S<span class=\"_ _4\"></span>GD (Sing<span class=\"_ _4\"></span>apo<span class=\"_ _4\"></span>re Do<span class=\"_ _4\"></span>llar) w<span class=\"_ _4\"></span>e have inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>he X<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span>F for 20<span class=\"_ _4\"></span>22 ins<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>ad of th<span class=\"_ _4\"></span>e SGD.</div>\n<div class=\"t m0 xe h2 y58 ff2 fs0 fc2 sc0 ls39 ws35\" style=\"z-index: 15;\">Sensitivit<span class=\"_ _4\"></span>y analysis</div>\n<div class=\"t m1f3 xe hb y59 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s per D<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2022 an i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e in t<span class=\"_ _4\"></span>he year-<span class=\"_ _4\"></span>end EUR<span class=\"_ _7\"></span>/USD r<span class=\"_ _4\"></span>ate o<span class=\"_ _4\"></span>f 1<span class=\"_ _3\"></span>0.0% wo<span class=\"_ _4\"></span>uld af<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>t the s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t of pro<span class=\"_ _4\"></span>\ufb01t</div>\n<div class=\"t m333 xe hb y5a ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">or lo<span class=\"_ _4\"></span>ss w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h USD -<span class=\"_ _4\"></span>0.4 millio<span class=\"_ _4\"></span>n (2021<span class=\"_ _1\"></span>: USD -<span class=\"_ _4\"></span>0.<span class=\"_ _4\"></span>5 million). A 1<span class=\"_ _3\"></span>0.0% de<span class=\"_ _4\"></span>cr<span class=\"_ _4\"></span>ease o<span class=\"_ _4\"></span>f the EUR<span class=\"_ _7\"></span>/USD r<span class=\"_ _4\"></span>ate wo<span class=\"_ _4\"></span>uld i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t th<span class=\"_ _4\"></span>e pro\ufb01<span class=\"_ _4\"></span>t</div>\n<div class=\"t m8 xe hb y5b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">or lo<span class=\"_ _4\"></span>ss s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h the s<span class=\"_ _4\"></span>am<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt (op<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>site s<span class=\"_ _4\"></span>ign).</div>\n<div class=\"t m8 xe hb y1bd ff1 fs9 fc2 sc0 ls2 ws3a\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s per D<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2022 an i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e in th<span class=\"_ _4\"></span>e year-e<span class=\"_ _4\"></span>nd NO<span class=\"_ _4\"></span>K<span class=\"_ _4\"></span>/<span class=\"_ _4\"></span>USD ra<span class=\"_ _4\"></span>te of 10% woul<span class=\"_ _4\"></span>d af<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>tat<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt of pr<span class=\"_ _4\"></span>o\ufb01t</div>\n<div class=\"t m32b xe hb y5d ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">or lo<span class=\"_ _4\"></span>ss w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h USD -<span class=\"_ _4\"></span>0.02 milli<span class=\"_ _4\"></span>on (2021<span class=\"_ _1\"></span>: USD -<span class=\"_ _4\"></span>4.<span class=\"_ _4\"></span>5 millio<span class=\"_ _4\"></span>n)<span class=\"_ _1\"></span>. A 10.0% de<span class=\"_ _4\"></span>cr<span class=\"_ _4\"></span>ease o<span class=\"_ _4\"></span>f the N<span class=\"_ _4\"></span>OK<span class=\"_ _4\"></span>/ US<span class=\"_ _4\"></span>D rat<span class=\"_ _4\"></span>e woul<span class=\"_ _4\"></span>d imp<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m8 xe hb y5e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>\ufb01t or lo<span class=\"_ _4\"></span>ss s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t wit<span class=\"_ _4\"></span>h th<span class=\"_ _4\"></span>e sam<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt (op<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>site s<span class=\"_ _4\"></span>ign).</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 459px; height: 672px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 459px; height: 672px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 459px; height: 672px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 459px; height: 672px; 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 x1 h6 y1d6 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Liquidit<span class=\"_ _4\"></span>y risk</div>\n<div class=\"t m0 x1 h2 y7f ff2 fs0 fc2 sc0 ls39 ws35\" style=\"z-index: 15;\">Liquidit<span class=\"_ _4\"></span>y risk policy</div>\n<div class=\"t m334 x1 hb y43 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p mana<span class=\"_ _4\"></span>ges t<span class=\"_ _4\"></span>he li<span class=\"_ _4\"></span>quid<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k in ord<span class=\"_ _4\"></span>er to m<span class=\"_ _4\"></span>eet \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial ob<span class=\"_ _4\"></span>liga<span class=\"_ _4\"></span>tion<span class=\"_ _4\"></span>s as th<span class=\"_ _4\"></span>ey fa<span class=\"_ _4\"></span>ll due. T<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>isk i<span class=\"_ _4\"></span>s mana<span class=\"_ _4\"></span>ged</div>\n<div class=\"t m335 x1 hb y80 ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">thr<span class=\"_ _4\"></span>oug<span class=\"_ _4\"></span>h a con<span class=\"_ _4\"></span>tinu<span class=\"_ _4\"></span>ous c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow p<span class=\"_ _4\"></span>roje<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n foll<span class=\"_ _4\"></span>ow-<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>p<span class=\"_ _3\"></span>, moni<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>ing b<span class=\"_ _4\"></span>alan<span class=\"_ _4\"></span>ce sh<span class=\"_ _4\"></span>eet li<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>io\u2019<span class=\"_ _3\"></span>s agai<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>t inte<span class=\"_ _4\"></span>rn<span class=\"_ _4\"></span>al</div>\n<div class=\"t m8 x1 hb y81 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">and r<span class=\"_ _4\"></span>egu<span class=\"_ _4\"></span>lator<span class=\"_ _7\"></span>y re<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>reme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d maint<span class=\"_ _4\"></span>ai<span class=\"_ _4\"></span>ning a di<span class=\"_ _4\"></span>ver<span class=\"_ _4\"></span>se r<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ge of f<span class=\"_ _4\"></span>und<span class=\"_ _4\"></span>ing s<span class=\"_ _4\"></span>our<span class=\"_ _4\"></span>ces w<span class=\"_ _4\"></span>ith a<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>qua<span class=\"_ _4\"></span>te bac<span class=\"_ _4\"></span>k-up f<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es.</div>\n<div class=\"t m8 x1 hb y1c9 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Dif<span class=\"_ _7\"></span>fere<span class=\"_ _4\"></span>nt de<span class=\"_ _4\"></span>bt cove<span class=\"_ _4\"></span>nant<span class=\"_ _4\"></span>s e<span class=\"_ _4\"></span>xis<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>hat re<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>re com<span class=\"_ _4\"></span>plia<span class=\"_ _4\"></span>nce w<span class=\"_ _4\"></span>ith c<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ai<span class=\"_ _4\"></span>n \ufb01nan<span class=\"_ _4\"></span>cial r<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>o\u2019<span class=\"_ _3\"></span>s. A<span class=\"_ _4\"></span>s of De<span class=\"_ _4\"></span>cem<span class=\"_ _4\"></span>ber 31<span class=\"_ _1\"></span>, 2022, E<span class=\"_ _4\"></span>X</div>\n<div class=\"t m8 x14 hb y82 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y83 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">MA<span class=\"_ _4\"></span>R was co<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>liant w<span class=\"_ _4\"></span>ith a<span class=\"_ _4\"></span>ll coven<span class=\"_ _4\"></span>ant<span class=\"_ _4\"></span>s. We al<span class=\"_ _4\"></span>so ref<span class=\"_ _4\"></span>er in t<span class=\"_ _4\"></span>his re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>o Note 28 Bo<span class=\"_ _4\"></span>rro<span class=\"_ _4\"></span>win<span class=\"_ _4\"></span>gs.</div>\n<div class=\"t m0 x1 h2 y85 ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">Maturity analysi<span class=\"_ _4\"></span>s of<span class=\"_ _1\"></span> \ufb01<span class=\"_ _4\"></span>nancial liabilities, borr<span class=\"_ _3\"></span>owings to<span class=\"_ _1\"></span> eq<span class=\"_ _4\"></span>uity accounted<span class=\"_ _3\"></span> inv<span class=\"_ _3\"></span>estees and \ufb01nancial</div>\n<div class=\"t m0 x1 h2 y52e ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">guarantees</div>\n<div class=\"t m336 x1 hb y87 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Ou<span class=\"_ _4\"></span>r cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nt \ufb01na<span class=\"_ _4\"></span>ncial l<span class=\"_ _4\"></span>iabili<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s suc<span class=\"_ _4\"></span>h as t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>de an<span class=\"_ _4\"></span>d oth<span class=\"_ _4\"></span>er pay<span class=\"_ _4\"></span>able<span class=\"_ _4\"></span>s are ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to be p<span class=\"_ _4\"></span>aid w<span class=\"_ _4\"></span>ithi<span class=\"_ _4\"></span>n the n<span class=\"_ _4\"></span>ex<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>wel<span class=\"_ _4\"></span>ve</div>\n<div class=\"t m337 x1 hb y8c ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">mon<span class=\"_ _4\"></span>ths a<span class=\"_ _4\"></span>nd are t<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>efor<span class=\"_ _4\"></span>e not inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n bel<span class=\"_ _4\"></span>ow ta<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s. Th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al mat<span class=\"_ _4\"></span>uri<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s of our \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>ies an<span class=\"_ _4\"></span>d our</div>\n<div class=\"t m285 x1 hb y88 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owin<span class=\"_ _4\"></span>gs to e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted inve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s, incl<span class=\"_ _4\"></span>udi<span class=\"_ _4\"></span>ng es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t pay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s, are d<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>aile<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he ta<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s be<span class=\"_ _4\"></span>low.</div>\n<div class=\"t m338 x1 hb y89 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al mat<span class=\"_ _4\"></span>uri<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s of our \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>ies a<span class=\"_ _4\"></span>re bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al amo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>izat<span class=\"_ _4\"></span>ion t<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>les of t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>aci<span class=\"_ _4\"></span>litie<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m8 x1 hb y8a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e und<span class=\"_ _4\"></span>raw<span class=\"_ _4\"></span>n pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s of o<span class=\"_ _4\"></span>ur cr<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>t fa<span class=\"_ _4\"></span>cilit<span class=\"_ _4\"></span>ies ar<span class=\"_ _4\"></span>e not in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>ded i<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e ta<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s bel<span class=\"_ _4\"></span>ow.</div>\n<div class=\"t m248 x1 hb yd8 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al mat<span class=\"_ _4\"></span>uri<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s of our b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s to eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n the c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow p<span class=\"_ _4\"></span>roje<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns</div>\n<div class=\"t m14d x1 hb y8b ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">for f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure yea<span class=\"_ _4\"></span>rs f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e EX<span class=\"_ _4\"></span>MA<span class=\"_ _4\"></span>R LPG s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>hol<span class=\"_ _4\"></span>der<span class=\"_ _4\"></span>\u2019s loan a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>pec<span class=\"_ _7\"></span>ted r<span class=\"_ _4\"></span>epay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e loan f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e Elec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>a Of<span class=\"_ _7\"></span>f<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1cb x1 hb y4a ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">sh<span class=\"_ _4\"></span>ore Lt<span class=\"_ _4\"></span>d fac<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y (ex<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>on an<span class=\"_ _4\"></span>d ter<span class=\"_ _4\"></span>ms s<span class=\"_ _4\"></span>til<span class=\"_ _4\"></span>l und<span class=\"_ _4\"></span>er ne<span class=\"_ _4\"></span>got<span class=\"_ _4\"></span>iatio<span class=\"_ _4\"></span>n)<span class=\"_ _3\"></span>, exclu<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g net<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing of n<span class=\"_ _4\"></span>egat<span class=\"_ _4\"></span>ive ne<span class=\"_ _4\"></span>t as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s (s<span class=\"_ _4\"></span>ee Not<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 x1 hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">1<span class=\"_ _1\"></span>9 Bo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs to e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s)<span class=\"_ _3\"></span>.</div>\n<div class=\"t m339 x1 hb y4c ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R has al<span class=\"_ _4\"></span>so p<span class=\"_ _4\"></span>rovi<span class=\"_ _4\"></span>ded g<span class=\"_ _4\"></span>uar<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s to \ufb01nan<span class=\"_ _4\"></span>cial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tit<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s that h<span class=\"_ _4\"></span>ave prov<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>d cr<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>t fa<span class=\"_ _4\"></span>cilit<span class=\"_ _4\"></span>ies t<span class=\"_ _4\"></span>o her e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y ac<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m33a x1 hb y4d ff1 fs9 fc2 sc0 ls23 wsf\" style=\"z-index: 15;\">cou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es. T<span class=\"_ _4\"></span>he am<span class=\"_ _4\"></span>ou<span class=\"_ _4\"></span>nt tha<span class=\"_ _4\"></span>t EX<span class=\"_ _4\"></span>MA<span class=\"_ _4\"></span>R coul<span class=\"_ _4\"></span>d have to p<span class=\"_ _4\"></span>ay if th<span class=\"_ _4\"></span>e guar<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>ntee i<span class=\"_ _4\"></span>s cal<span class=\"_ _4\"></span>led o<span class=\"_ _4\"></span>n, is dis<span class=\"_ _4\"></span>clo<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>low</div>\n<div class=\"t m8 x1 hb y4e ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">under \ufb01nancia<span class=\"_ _3\"></span>l guarantees.</div>\n<div class=\"t m8 x1 hd y5c0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x1 hd y5c1 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2022</div>\n<div class=\"t m8 xa4 hd y5c2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Curr<span class=\"_ _1\"></span>.</div>\n<div class=\"t m8 xa5 hd y5c0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest</div>\n<div class=\"t m8 xa6 hd y5c1 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rate</div>\n<div class=\"t m8 xa7 hd y5c2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Matur<span class=\"_ _1\"></span>.</div>\n<div class=\"t m8 x7c hd y5c0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Carrying</div>\n<div class=\"t m8 xa8 hd y5c1 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amount</div>\n<div class=\"t m8 x29 hd y5c3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Contractual cash \ufb02ows</div>\n<div class=\"t m8 x77 hd y5c4 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal<span class=\"_ _243\"> </span>&lt; 1 year<span class=\"_ _d7\"> </span>1-2 years<span class=\"_ _d7\"> </span>2-5 years<span class=\"_ _11\"> </span>&gt; 5 years</div>\n<div class=\"t m8 x1 hc y5c5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank loans VLGC's<span class=\"_ _7a\"> </span>USD<span class=\"_ _1c2\"> </span>5,62%<span class=\"_ _1e3\"> </span>2036<span class=\"_ _244\"> </span>-135,492<span class=\"_ _244\"> </span>-203,954<span class=\"_ _1e6\"> </span>-13,323<span class=\"_ _241\"> </span>-13,258<span class=\"_ _1e6\"> </span>-39,210<span class=\"_ _244\"> </span>-138,163</div>\n<div class=\"t m8 x1 hc y5c6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank/other loans -</div>\n<div class=\"t m8 x1 hc y5c7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pressurized \ufb02eet</div>\n<div class=\"t m8 x38 hc y5c8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD</div>\n<div class=\"t m8 xa9 hc y5c6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LIBOR+</div>\n<div class=\"t m8 x96 hc y5c9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 xaa hc y5ca ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2.4%</div>\n<div class=\"t m8 xab hc y5c9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2023 -</div>\n<div class=\"t m8 xac hc y5ca ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2025</div>\n<div class=\"t m8 x39 hc y5cb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-61,752<span class=\"_ _1c0\"> </span>-62,831<span class=\"_ _1c0\"> </span>-36,038<span class=\"_ _1c0\"> </span>-16,190<span class=\"_ _1c0\"> </span>-10,604<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5cc ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank loan - EXCALIBUR<span class=\"_ _1cd\"> </span>USD</div>\n<div class=\"t m8 xa9 hc y5cd ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LIBOR+</div>\n<div class=\"t m8 xaa hc y5ce ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2.5%</div>\n<div class=\"t m8 xac hc y5cc ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2023<span class=\"_ _1c0\"> </span>-10,004<span class=\"_ _1c0\"> </span>-10,458<span class=\"_ _1c0\"> </span>-10,458<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5cf ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank loans - other<span class=\"_ _3d\"> </span>EUR</div>\n<div class=\"t m8 xad hc y5d0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EURIBOR</div>\n<div class=\"t m8 xae hc y5d1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">+ 1.7%</div>\n<div class=\"t m8 xac hc y5cf ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2028<span class=\"_ _107\"> </span>-835<span class=\"_ _107\"> </span>-372<span class=\"_ _f9\"> </span>-356<span class=\"_ _e5\"> </span>-16<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5d2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _c3\"> </span>USD<span class=\"_ _197\"> </span>-2,127<span class=\"_ _240\"> </span>-2,387<span class=\"_ _107\"> </span>-507<span class=\"_ _107\"> </span>-464<span class=\"_ _240\"> </span>-1,416<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5d3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _245\"> </span>EUR<span class=\"_ _1ea\"> </span>-7,985<span class=\"_ _240\"> </span>-8,516<span class=\"_ _240\"> </span>-1,533<span class=\"_ _1c5\"> </span>-1,287<span class=\"_ _240\"> </span>-2,441<span class=\"_ _240\"> </span>-3,255</div>\n<div class=\"t m8 x1 hc y5d4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _1a\"> </span>SGD<span class=\"_ _a5\"> </span>-65<span class=\"_ _e5\"> </span>-66<span class=\"_ _e5\"> </span>-66<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0</div>\n<div class=\"t m8 x1 hc y5d5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _1a\"> </span>CNY<span class=\"_ _a5\"> </span>-66<span class=\"_ _f9\"> </span>-332<span class=\"_ _e5\"> </span>-20<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0</div>\n<div class=\"t m8 x1 hc y5d6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _1eb\"> </span>INR<span class=\"_ _5c\"> </span>-21<span class=\"_ _e5\"> </span>-22<span class=\"_ _e5\"> </span>-22<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0</div>\n<div class=\"t m8 xaf hd y5d7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-218,347<span class=\"_ _b9\"> </span>-288,939<span class=\"_ _c8\"> </span>-62,322<span class=\"_ _18c\"> </span>-31,216<span class=\"_ _c8\"> </span>-53,670<span class=\"_ _b9\"> </span>-141,419</div>\n<div class=\"t m8 x1 hd y5d8 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity</div>\n<div class=\"t m8 x1 hd y5d9 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees</div>\n<div class=\"t m8 x38 hc y5da ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD<span class=\"_ _197\"> </span><span class=\"ff2\">7,000<span class=\"_ _240\"> </span>7,840<span class=\"_ _240\"> </span>7,840<span class=\"_ _1bf\"> </span>0<span class=\"_ _1bf\"> </span>0<span class=\"_ _9c\"> </span>0</span></div>\n<div class=\"t m8 x1 hc y5db ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Financial guarantees<span class=\"_ _db\"> </span><span class=\"ff6\">USD<span class=\"_ _1ed\"> </span></span>0<span class=\"_ _b9\"> </span>-270,796<span class=\"_ _246\"> </span>-56,458<span class=\"_ _246\"> </span>-27,661<span class=\"_ _b9\"> </span>-186,676<span class=\"_ _1bf\"> </span>0</div>\n<div class=\"t m8 x1 hd y5dc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x1 hd y5dd ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2021</div>\n<div class=\"t m8 xa4 hd y5de ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Curr<span class=\"_ _1\"></span>.</div>\n<div class=\"t m8 xa5 hd y5dc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest</div>\n<div class=\"t m8 xa6 hd y5dd ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rate</div>\n<div class=\"t m8 xa7 hd y5de ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Matur<span class=\"_ _1\"></span>.</div>\n<div class=\"t m8 x7c hd y5dc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Carrying</div>\n<div class=\"t m8 xa8 hd y5dd ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amount</div>\n<div class=\"t m8 x29 hd y5df ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Contractual cash \ufb02ows</div>\n<div class=\"t m8 x77 hd y5e0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal<span class=\"_ _243\"> </span>&lt; 1 year<span class=\"_ _d7\"> </span>1-2 years<span class=\"_ _d7\"> </span>2-5 years<span class=\"_ _11\"> </span>&gt; 5 years</div>\n<div class=\"t m8 x1 hc y5e1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank/other loans -</div>\n<div class=\"t m8 x1 hc y5e2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pressurized \ufb02eet</div>\n<div class=\"t m8 x38 hc y5e3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD</div>\n<div class=\"t m8 xa9 hc y5e1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LIBOR+</div>\n<div class=\"t m8 x96 hc y5e4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 xaa hc y5e5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2.4%</div>\n<div class=\"t m8 xab hc y5e4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2023 -</div>\n<div class=\"t m8 xac hc y5e5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2025</div>\n<div class=\"t m8 x39 hc y5e6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-70,339<span class=\"_ _1c0\"> </span>-74,827<span class=\"_ _1c0\"> </span>-16,384<span class=\"_ _1c0\"> </span>-19,334<span class=\"_ _1c0\"> </span>-39,109<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5e7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank loan -</div>\n<div class=\"t m8 xb0 hc y5e8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 x1 hc y5e9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ANGO FLNG</div>\n<div class=\"t m8 x38 hc y5ea ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD</div>\n<div class=\"t m8 xa9 hc y5e8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LIBOR+ <span class=\"_ _d9\"></span> </div>\n<div class=\"t m8 xaa hc y5e9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2.2%</div>\n<div class=\"t m8 xac hc y5ea ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2029<span class=\"_ _244\"> </span>-129,265<span class=\"_ _13\"> </span>-158,464<span class=\"_ _1c0\"> </span>-21,079<span class=\"_ _1c0\"> </span>-21,880<span class=\"_ _241\"> </span>-61,334<span class=\"_ _1e6\"> </span>-54,171</div>\n<div class=\"t m8 x1 hc y5eb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank loans VLGC's<span class=\"_ _7a\"> </span>USD<span class=\"_ _1c2\"> </span>5,62%<span class=\"_ _1e3\"> </span>2036<span class=\"_ _244\"> </span>-140,927<span class=\"_ _244\"> </span>-217,650<span class=\"_ _1e6\"> </span>-13,323<span class=\"_ _241\"> </span>-13,323<span class=\"_ _1e6\"> </span>-39,465<span class=\"_ _244\"> </span>-151,540</div>\n<div class=\"t m8 x1 hc y5ec ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank loan - aircraft<span class=\"_ _8e\"> </span>USD<span class=\"_ _1c2\"> </span>3,16%<span class=\"_ _1e3\"> </span>2023<span class=\"_ _240\"> </span>-5,658<span class=\"_ _240\"> </span>-5,675<span class=\"_ _1c5\"> </span>-1,864<span class=\"_ _240\"> </span>-3,811<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5ed ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bond<span class=\"_ _1ac\"> </span>NOK</div>\n<div class=\"t m8 xb1 hc y5ee ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">NIBOR+</div>\n<div class=\"t m8 x96 hc y5ef ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 xb2 hc y5f0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">8.75%</div>\n<div class=\"t m8 xac hc y5f1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _1c0\"> </span>-71,324<span class=\"_ _1c0\"> </span>-73,966<span class=\"_ _1c0\"> </span>-73,966<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5f2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other loans<span class=\"_ _1c\"> </span>USD<span class=\"_ _195\"> </span>1,0%<span class=\"_ _1e3\"> </span>2025<span class=\"_ _240\"> </span>-1,194<span class=\"_ _240\"> </span>-1,194<span class=\"_ _1c5\"> </span>-1,194<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5f3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _c3\"> </span>USD<span class=\"_ _197\"> </span>-2,550<span class=\"_ _240\"> </span>-2,969<span class=\"_ _107\"> </span>-581<span class=\"_ _107\"> </span>-507<span class=\"_ _240\"> </span>-1,399<span class=\"_ _107\"> </span>-481</div>\n<div class=\"t m8 x1 hc y5f4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _245\"> </span>EUR<span class=\"_ _1ea\"> </span>-3,422<span class=\"_ _240\"> </span>-3,578<span class=\"_ _107\"> </span>-858<span class=\"_ _f9\"> </span>-833<span class=\"_ _240\"> </span>-1,667<span class=\"_ _107\"> </span>-220</div>\n<div class=\"t m8 x1 hc y5f5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _1a\"> </span>SGD<span class=\"_ _a5\"> </span>-66<span class=\"_ _e5\"> </span>-67<span class=\"_ _e5\"> </span>-66<span class=\"_ _eb\"> </span>-1<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0</div>\n<div class=\"t m8 x1 hc y5f6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _1eb\"> </span>INR<span class=\"_ _5c\"> </span>-67<span class=\"_ _e5\"> </span>-72<span class=\"_ _e5\"> </span>-48<span class=\"_ _e5\"> </span>-25<span class=\"_ _de\"> </span>0<span class=\"_ _de\"> </span>0</div>\n<div class=\"t m8 x1 hc y5f7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities ROU</div>\n<div class=\"t m8 x1 hc y5f8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">assets</div>\n<div class=\"t m8 xb3 hc y5f9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">CNY</div>\n<div class=\"t m8 xaf hd y5fa ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-424,812<span class=\"_ _b9\"> </span>-538,463<span class=\"_ _b9\"> </span>-129,364<span class=\"_ _246\"> </span>-59,712<span class=\"_ _b7\"> </span>-142,975<span class=\"_ _b9\"> </span>-206,412</div>\n<div class=\"t m8 x1 hd y5fb ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity</div>\n<div class=\"t m8 x1 hd y5fc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees</div>\n<div class=\"t m8 xb3 hc y5fd ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD<span class=\"_ _a3\"> </span><span class=\"ff2\">40,167<span class=\"_ _f\"> </span>43,774<span class=\"_ _1e6\"> </span>18,683<span class=\"_ _240\"> </span>7,609<span class=\"_ _f\"> </span>17,483<span class=\"_ _1bf\"> </span>0</span></div>\n<div class=\"t m8 x1 hc y5fe ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Financial guarantees<span class=\"_ _db\"> </span><span class=\"ff6\">USD<span class=\"_ _1ed\"> </span></span>0<span class=\"_ _b9\"> </span>-236,918<span class=\"_ _246\"> </span>-37,828<span class=\"_ _b9\"> </span>-124,860<span class=\"_ _246\"> </span>-20,495<span class=\"_ _246\"> </span>-53,734</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 92px; height: 1039px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 92px; height: 1039px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 92px; height: 1039px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 92px; height: 1039px; 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></div>\n<div class=\"t m0 xe h6 y1d6 ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Fair<span class=\"_ _1\"></span> values</div>\n<div class=\"t m0 xe h2 y7f ff2 fs0 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">C<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>yi<span class=\"_ _4\"></span>ng a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s ve<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>us f<span class=\"_ _4\"></span>ai<span class=\"_ _4\"></span>r va<span class=\"_ _4\"></span>lue<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hd y3be ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _6f\"> </span>2022<span class=\"_ _196\"> </span>2021</div>\n<div class=\"t m8 x2 hd y5ff ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">FV hierarchy</div>\n<div class=\"t m8 x63 hd y600 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Carrying</div>\n<div class=\"t m8 x99 hd y601 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amount</div>\n<div class=\"t m8 x94 hd y5ff ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fair value<span class=\"_ _c9\"> </span>FV hierarchy</div>\n<div class=\"t m8 x17 hd y600 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Carrying</div>\n<div class=\"t m8 x59 hd y601 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amount</div>\n<div class=\"t m8 x91 hd y5ff ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fair value</div>\n<div class=\"t m8 xe hc y602 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity accounted</div>\n<div class=\"t m8 xe hc y603 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">investees</div>\n<div class=\"t m8 xb4 hc y604 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2<span class=\"_ _de\"> </span>7,000<span class=\"_ _df\"> </span>7,000<span class=\"_ _e0\"> </span>2<span class=\"_ _db\"> </span>40,167<span class=\"_ _db\"> </span>39,966</div>\n<div class=\"t m8 xe hc y605 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other investments - equity</div>\n<div class=\"t m8 xe hc y606 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">instruments at FVTLP</div>\n<div class=\"t m8 xb5 hc y607 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">1/2<span class=\"_ _de\"> </span>1,849<span class=\"_ _df\"> </span>1,849<span class=\"_ _1c1\"> </span>1/2<span class=\"_ _df\"> </span>1,849<span class=\"_ _df\"> </span>1,849</div>\n<div class=\"t m8 xe hc y608 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Derivative \ufb01nancial asset<span class=\"_ _222\"> </span>2<span class=\"_ _8e\"> </span>573<span class=\"_ _8e\"> </span>573<span class=\"_ _f3\"> </span>920<span class=\"_ _8e\"> </span>920</div>\n<div class=\"t m8 xe hc y609 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings (excluding lease</div>\n<div class=\"t m8 xe hc y60a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">liabilities)</div>\n<div class=\"t m8 xb4 hc y60b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2<span class=\"_ _107\"> </span>-208,083<span class=\"_ _f9\"> </span>-234,700<span class=\"_ _e0\"> </span>2<span class=\"_ _f9\"> </span>-418,707<span class=\"_ _107\"> </span>-418,720</div>\n<div class=\"t m8 x45 hd y60c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-198,662<span class=\"_ _fe\"> </span>-225,278<span class=\"_ _1f2\"> </span>-375,771<span class=\"_ _fe\"> </span>-375,985</div>\n\n<div class=\"t m8 xe hb y8a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m1a6 x3f hb y8a ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liabi<span class=\"_ _4\"></span>litie<span class=\"_ _4\"></span>s c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>rie<span class=\"_ _4\"></span>d at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue are a<span class=\"_ _4\"></span>naly<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d an<span class=\"_ _4\"></span>d a hier<span class=\"_ _4\"></span>arc<span class=\"_ _4\"></span>hy in va<span class=\"_ _4\"></span>luati<span class=\"_ _4\"></span>on me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>d has b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 x3f hb yd8 ff1 fs9 fc2 sc0 ls25 ws19\" style=\"z-index: 15;\">de<span class=\"_ _4\"></span>\ufb01n<span class=\"_ _4\"></span>ed:<span class=\"_ _4\"></span> </div>\n<div class=\"t m8 xe hb y1d8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Level 1 b<span class=\"_ _4\"></span>ein<span class=\"_ _4\"></span>g quo<span class=\"_ _4\"></span>ted bi<span class=\"_ _4\"></span>d pr<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s in ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ive mar<span class=\"_ _4\"></span>ket<span class=\"_ _4\"></span>s fo<span class=\"_ _4\"></span>r ide<span class=\"_ _4\"></span>ntic<span class=\"_ _4\"></span>al a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s or li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s;</div>\n<div class=\"t m8 xe hb y60d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m1a7 x3f hb y4a ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Level 2 b<span class=\"_ _4\"></span>ein<span class=\"_ _4\"></span>g inp<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s in ot<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>han q<span class=\"_ _4\"></span>uote<span class=\"_ _4\"></span>d pr<span class=\"_ _4\"></span>ices i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d in level 1 t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e obs<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>vab<span class=\"_ _4\"></span>le fo<span class=\"_ _4\"></span>r the re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x3f hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">and l<span class=\"_ _4\"></span>iabil<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s, eit<span class=\"_ _4\"></span>her d<span class=\"_ _4\"></span>irec<span class=\"_ _7\"></span>tly (as p<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ces) or i<span class=\"_ _4\"></span>ndir<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ly (der<span class=\"_ _4\"></span>ive<span class=\"_ _4\"></span>d fr<span class=\"_ _4\"></span>om pr<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>es);</div>\n<div class=\"t m8 xe hb yd1 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Level 3 b<span class=\"_ _4\"></span>ein<span class=\"_ _4\"></span>g inp<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s fo<span class=\"_ _4\"></span>r the a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et or li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y th<span class=\"_ _4\"></span>at are no<span class=\"_ _4\"></span>t bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n obs<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>va<span class=\"_ _4\"></span>ble ma<span class=\"_ _4\"></span>rket d<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>a.</div>\n<div class=\"t m8 xe hb yd2 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e brea<span class=\"_ _4\"></span>kdow<span class=\"_ _4\"></span>n bet<span class=\"_ _7\"></span>wee<span class=\"_ _4\"></span>n level 1 a<span class=\"_ _4\"></span>nd 2 of t<span class=\"_ _4\"></span>he eq<span class=\"_ _4\"></span>uit<span class=\"_ _7\"></span>y ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s at F<span class=\"_ _7\"></span>V<span class=\"_ _4\"></span>TPL is s<span class=\"_ _4\"></span>how<span class=\"_ _4\"></span>n in t<span class=\"_ _4\"></span>he b<span class=\"_ _4\"></span>egin<span class=\"_ _4\"></span>ning of t<span class=\"_ _4\"></span>his n<span class=\"_ _4\"></span>ote.</div>\n<div class=\"t m0 xe h2 y72 ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">Basis for determining<span class=\"_ _3\"></span> fair values:</div>\n<div class=\"t m8 xe hb y4f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m300 x3f hb y4f ff2 fs9 fc2 sc0 ls27 ws22\" style=\"z-index: 15;\">Borrowings<span class=\"_ _3\"></span> to<span class=\"_ _3\"></span> equity account<span class=\"_ _3\"></span>ed in<span class=\"_ _3\"></span>vestees<span class=\"_ _3\"></span>:<span class=\"ff1 ls2 wsf\"> pres<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alu<span class=\"_ _4\"></span>e of fu<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>sh \ufb02<span class=\"_ _4\"></span>ows, d<span class=\"_ _4\"></span>isc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted at t<span class=\"_ _4\"></span>he ma<span class=\"_ _4\"></span>rket r<span class=\"_ _4\"></span>ate </span></div>\n<div class=\"t m8 x3f hb y50 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t at r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing d<span class=\"_ _4\"></span>ate or t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue of t<span class=\"_ _4\"></span>he und<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>lyi<span class=\"_ _4\"></span>ng pl<span class=\"_ _4\"></span>edg<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et</div>\n<div class=\"t m8 xe hb y1d1 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span><span class=\"ff2\">Eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s at F<span class=\"_ _4\"></span>V<span class=\"_ _7\"></span>TPL: </span></div>\n<div class=\"t m8 x1 hb y60e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> <span class=\"_ _247\"></span>-<span class=\"_ _cb\"> </span>Qu<span class=\"_ _4\"></span>ote<span class=\"_ _4\"></span>d clos<span class=\"_ _4\"></span>ing b<span class=\"_ _4\"></span>id pr<span class=\"_ _4\"></span>ice a<span class=\"_ _4\"></span>t rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>ting d<span class=\"_ _4\"></span>ate fo<span class=\"_ _4\"></span>r Fronte<span class=\"_ _4\"></span>ra s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es</div>\n<div class=\"t m8 x1 hb y60f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> <span class=\"_ _247\"></span>-<span class=\"_ _cb\"> </span>No<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>q<span class=\"_ _4\"></span>uote<span class=\"_ _4\"></span>d clo<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>g \ufb01x<span class=\"_ _4\"></span>ing p<span class=\"_ _4\"></span>ric<span class=\"_ _4\"></span>e at rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g date t<span class=\"_ _4\"></span>hro<span class=\"_ _4\"></span>ugh a p<span class=\"_ _4\"></span>ubl<span class=\"_ _4\"></span>ic auc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion v<span class=\"_ _4\"></span>ia Euro<span class=\"_ _4\"></span>nex<span class=\"_ _4\"></span>t fo<span class=\"_ _4\"></span>r Sib<span class=\"_ _4\"></span>elco s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es</div>\n<div class=\"t m8 xe hb y610 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m33b x3f hb y54 ff2 fs9 fc2 sc0 ls2e wsc\" style=\"z-index: 15;\">Forward contrac<span class=\"_ _4\"></span>ts:<span class=\"ff1 ls1c wsf\"> pres<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alu<span class=\"_ _4\"></span>e of the d<span class=\"_ _4\"></span>if<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>nce b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>we<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he for<span class=\"_ _7\"></span>wa<span class=\"_ _4\"></span>rd pr<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>e at rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g date a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>he for<span class=\"ls2 ws2\">-</span></span></div>\n<div class=\"t m8 x3f hb y73 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">war<span class=\"_ _4\"></span>d pr<span class=\"_ _4\"></span>ice p<span class=\"_ _4\"></span>aid</div>\n<div class=\"t m8 xe hb y1d3 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m33c x3f hb y55 ff2 fs9 fc2 sc0 ls35 ws1c\" style=\"z-index: 15;\">Interest bearing loans:<span class=\"ff1 ls19 wsb\"> pres<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alue of f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s, dis<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d at th<span class=\"_ _4\"></span>e mar<span class=\"_ _4\"></span>ket r<span class=\"_ _4\"></span>ate of int<span class=\"_ _4\"></span>eres<span class=\"_ _4\"></span>t at r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"ls2 ws2\">-</span></span></div>\n<div class=\"t m8 x3f hb y56 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ing d<span class=\"_ _4\"></span>ate</div>\n<div class=\"t m2c0 xe hb y57 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">For ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liabi<span class=\"_ _4\"></span>litie<span class=\"_ _4\"></span>s (tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>e an<span class=\"_ _4\"></span>d othe<span class=\"_ _4\"></span>r rec<span class=\"_ _4\"></span>eiv<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>es, c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h and c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h eq<span class=\"_ _4\"></span>uiv<span class=\"_ _4\"></span>alen<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s, tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>e and ot<span class=\"_ _4\"></span>her</div>\n<div class=\"t m188 xe hb y58 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">paya<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s and l<span class=\"_ _4\"></span>ease l<span class=\"_ _4\"></span>iabili<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s) not c<span class=\"_ _4\"></span>arr<span class=\"_ _4\"></span>ie<span class=\"_ _4\"></span>d at fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>e, no fair v<span class=\"_ _4\"></span>alue i<span class=\"_ _4\"></span>s dis<span class=\"_ _4\"></span>clos<span class=\"_ _4\"></span>ed b<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>au<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>he ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _4\"></span>ng amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y59 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">a reas<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>able a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>rox<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>ion of t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ues<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 8%; bottom: 542px; height: 350px; width: 84%; z-index: 7;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 542px; height: 589px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 542px; height: 589px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 542px; height: 589px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 542px; height: 589px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 542px; height: 589px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag427": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x1 h11 y67 ff2 fsb fc3 sc0 ls5a ws64\" style=\"z-index: 15;\">NOT<span class=\"_ _3\"></span>E 3<span class=\"_ _1\"></span>2 - FINANCIAL RIS<span class=\"_ _3\"></span>KS AND FI<span class=\"_ _3\"></span>NANCIAL INSTR<span class=\"_ _3\"></span>UMENTS</div>\n\n<div class=\"t m144 x1 hb y69 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">Du<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g the n<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>mal co<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>se of it<span class=\"_ _4\"></span>s b<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s, E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR is ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ose<span class=\"_ _4\"></span>d to var<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>us ri<span class=\"_ _4\"></span>sk<span class=\"_ _4\"></span>s as de<span class=\"_ _4\"></span>sc<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>be<span class=\"_ _4\"></span>d in mor<span class=\"_ _4\"></span>e det<span class=\"_ _4\"></span>ail in t<span class=\"_ _4\"></span>he Co<span class=\"_ _4\"></span>r<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m227 x1 hb y6a ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">po<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>e Gover<span class=\"_ _4\"></span>na<span class=\"_ _4\"></span>nce St<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>. E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R is ex<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d to cr<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>t, inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t, c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>y and li<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks a<span class=\"_ _4\"></span>nd in o<span class=\"_ _4\"></span>rde<span class=\"_ _4\"></span>r to</div>\n<div class=\"t m31a x1 hb y7b ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">hed<span class=\"_ _4\"></span>ge t<span class=\"_ _4\"></span>his ex<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>e, EXM<span class=\"_ _4\"></span>AR us<span class=\"_ _4\"></span>es di<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>ent \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s, m<span class=\"_ _4\"></span>ainly i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t rate h<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ges s<span class=\"_ _4\"></span>itu<span class=\"_ _4\"></span>ated w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>hin our</div>\n<div class=\"t m8 x1 hb y6b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>ccou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es as we<span class=\"_ _4\"></span>ll ais fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y for<span class=\"_ _7\"></span>wa<span class=\"_ _4\"></span>rd co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t m162 x1 hb y6c ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R ap<span class=\"_ _4\"></span>plie<span class=\"_ _4\"></span>s hed<span class=\"_ _4\"></span>ge ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>g for all h<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ging r<span class=\"_ _4\"></span>elat<span class=\"_ _4\"></span>ions w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h mee<span class=\"_ _4\"></span>t the c<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>diti<span class=\"_ _4\"></span>ons to a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>ly he<span class=\"_ _4\"></span>dge a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ing</div>\n<div class=\"t m31b x1 hb y6d ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">(for<span class=\"_ _4\"></span>ma<span class=\"_ _4\"></span>l doc<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on an<span class=\"_ _4\"></span>d high e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tive<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>ss at i<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n an<span class=\"_ _4\"></span>d on an o<span class=\"_ _4\"></span>ngo<span class=\"_ _4\"></span>ing b<span class=\"_ _4\"></span>asi<span class=\"_ _4\"></span>s)<span class=\"_ _3\"></span>. Fina<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al ins<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>c<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y6e ff1 fs9 fc2 sc0 ls2 ws3b\" style=\"z-index: 15;\">og<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d ini<span class=\"_ _4\"></span>tiall<span class=\"_ _4\"></span>y at fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>e. Sub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>nt to ini<span class=\"_ _4\"></span>tial r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnit<span class=\"_ _4\"></span>ion, t<span class=\"_ _4\"></span>he ef<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on of c<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>es in f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue of t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m31c x1 hb y6f ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">\ufb01na<span class=\"_ _4\"></span>ncial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s q<span class=\"_ _4\"></span>ualif<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g for he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ing (i.e. c<span class=\"_ _4\"></span>ash \ufb02<span class=\"_ _4\"></span>ow he<span class=\"_ _4\"></span>dge<span class=\"_ _4\"></span>s), is reco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n othe<span class=\"_ _4\"></span>r com<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>nsiv<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 x1 hb y70 ff1 fs9 fc2 sc0 ls2 ws1c\" style=\"z-index: 15;\">inc<span class=\"_ _4\"></span>ome. A<span class=\"_ _4\"></span>ny inef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive p<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s in f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue an<span class=\"_ _4\"></span>d cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s in f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue of \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s n<span class=\"_ _4\"></span>ot qua<span class=\"_ _4\"></span>l<span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y71 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">if<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>ing fo<span class=\"_ _4\"></span>r hed<span class=\"_ _4\"></span>ge a<span class=\"_ _4\"></span>ccou<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>ng are re<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>mme<span class=\"_ _4\"></span>diate<span class=\"_ _4\"></span>ly in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 80px; height: 168px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 80px; height: 201px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 80px; height: 201px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div></div>\n<div><br/></div>\n\n<div class=\"t m0 xe h2 y42 ff2 fs0 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fair v<span class=\"_ _4\"></span>al<span class=\"_ _4\"></span>ue &amp; f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>al<span class=\"_ _4\"></span>ue hi<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>arc<span class=\"_ _4\"></span>hy</div>\n<div class=\"t m8 xe hb y7e ff1 fs9 fc2 sc0 ls2 ws2c\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e follo<span class=\"_ _4\"></span>wing t<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le s<span class=\"_ _4\"></span>hows \ufb01<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d \ufb01nan<span class=\"_ _4\"></span>cial lia<span class=\"_ _4\"></span>bili<span class=\"_ _4\"></span>ties m<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue, inclu<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g the<span class=\"_ _4\"></span>ir level i<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y52d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>e hier<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>chy<span class=\"_ _3\"></span>.</div>\n<div class=\"t m8 xe hd y590 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 xe hd y591 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2022</div>\n<div class=\"t m8 xa0 hd y592 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Level 1<span class=\"_ _5b\"> </span>Level 2<span class=\"_ _5b\"> </span>Level 3<span class=\"_ _1e4\"> </span>T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 xe hc y593 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Derivative \ufb01nancial asset<span class=\"_ _234\"> </span>0<span class=\"_ _18\"> </span>573<span class=\"_ _15\"> </span>0<span class=\"_ _52\"> </span><span class=\"ff2\">573</span></div>\n<div class=\"t m8 xe hc y594 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity securities - FVTPL<span class=\"_ _18e\"> </span>1,054<span class=\"_ _18\"> </span>795<span class=\"_ _15\"> </span>0<span class=\"_ _126\"> </span><span class=\"ff2\">1,849</span></div>\n<div class=\"t m8 xe hd y595 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal \ufb01nancial assets carried at fair value<span class=\"_ _ae\"> </span>1,054<span class=\"_ _126\"> </span>1,368<span class=\"_ _131\"> </span>0<span class=\"_ _126\"> </span>2,422</div>\n<div class=\"t m8 xe hc y596 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal \ufb01nancial liabilities carried at fair value<span class=\"_ _235\"> </span><span class=\"ff6\">0<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _15\"> </span>0</span></div>\n<div class=\"t m8 xe hd y597 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 xe hd y598 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2021</div>\n<div class=\"t m8 xa0 hd y599 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Level 1<span class=\"_ _5b\"> </span>Level 2<span class=\"_ _5b\"> </span>Level 3<span class=\"_ _1e4\"> </span>T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 xe hc y59a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Derivative \ufb01nancial asset<span class=\"_ _234\"> </span>0<span class=\"_ _18\"> </span>920<span class=\"_ _15\"> </span>0<span class=\"_ _18\"> </span>920</div>\n<div class=\"t m8 xe hc y59b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity securities - FVTPL<span class=\"_ _236\"> </span>938<span class=\"_ _18\"> </span>911<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>1,849</div>\n<div class=\"t m8 xe hd y59c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal \ufb01nancial assets carried at fair value<span class=\"_ _19b\"> </span>938<span class=\"_ _126\"> </span>1,831<span class=\"_ _131\"> </span>0<span class=\"_ _126\"> </span>2,769</div>\n<div class=\"t m8 xe hd y59d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal \ufb01nancial liabilities carried at fair value<span class=\"_ _199\"> </span>0<span class=\"_ _131\"> </span>0<span class=\"_ _131\"> </span>0<span class=\"_ _131\"> </span>0</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 796px; height: 343px; width: 88%; z-index: 5;\"></div>\n\n<div class=\"t m8 xe hb y59e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fina<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r tha<span class=\"_ _4\"></span>n tho<span class=\"_ _4\"></span>se li<span class=\"_ _4\"></span>ste<span class=\"_ _4\"></span>d ab<span class=\"_ _4\"></span>ove are al<span class=\"_ _4\"></span>l meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at am<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ized c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t.</div>\n\n<div><br/></div>\n<div class=\"t m0 xe h6 y4c9 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Credit risk</div>\n<div class=\"t m0 xe h2 y51 ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">Credit risk policy</div>\n<div class=\"t m31d xe hb y52 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p is ex<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d to cre<span class=\"_ _4\"></span>dit r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k fr<span class=\"_ _4\"></span>om it<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ing ac<span class=\"_ _7\"></span>tiv<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s (p<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>mar<span class=\"_ _4\"></span>ily tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>e an<span class=\"_ _4\"></span>d othe<span class=\"_ _4\"></span>r rec<span class=\"_ _4\"></span>eiva<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s and t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1f4 xe hb y53 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ions w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s) and f<span class=\"_ _4\"></span>rom i<span class=\"_ _4\"></span>ts \ufb01<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cing a<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tiv<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>es, inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ing d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>osi<span class=\"_ _4\"></span>ts w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h ban<span class=\"_ _4\"></span>ks, fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 xe hb y54 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">exchange<span class=\"_ _3\"></span> transac<span class=\"_ _4\"></span>tions and other<span class=\"_ _3\"></span> \ufb01nancial<span class=\"_ _1\"></span> ins<span class=\"_ _4\"></span>trument<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m31e xe hb y73 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Cre<span class=\"_ _4\"></span>dit r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k is mo<span class=\"_ _4\"></span>nito<span class=\"_ _4\"></span>red c<span class=\"_ _4\"></span>los<span class=\"_ _4\"></span>ely a<span class=\"_ _4\"></span>nd by ea<span class=\"_ _4\"></span>ch s<span class=\"_ _4\"></span>egm<span class=\"_ _4\"></span>ent o<span class=\"_ _4\"></span>n an o<span class=\"_ _4\"></span>ngoi<span class=\"_ _4\"></span>ng ba<span class=\"_ _4\"></span>sis by t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up a<span class=\"_ _4\"></span>nd cr<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>wor<span class=\"_ _7\"></span>th<span class=\"_ _4\"></span>ine<span class=\"_ _4\"></span>ss co<span class=\"_ _4\"></span>n<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y55 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">tro<span class=\"_ _4\"></span>ls are c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ied o<span class=\"_ _4\"></span>ut i<span class=\"_ _4\"></span>f dee<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>d nece<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>sar<span class=\"_ _7\"></span>y<span class=\"_ _3\"></span>.</div>\n<div class=\"t m31f xe hb y57 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e bor<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s to eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es co<span class=\"_ _4\"></span>nsis<span class=\"_ _4\"></span>t of s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>hol<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>r loan<span class=\"_ _4\"></span>s to our e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted inve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tees t<span class=\"_ _4\"></span>hat</div>\n<div class=\"t m320 xe hb y58 ff1 fs9 fc2 sc0 ls15 wsf\" style=\"z-index: 15;\">ow<span class=\"_ _4\"></span>n or op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ate a<span class=\"_ _4\"></span>n LPG ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>el or O<span class=\"_ _4\"></span>f<span class=\"_ _7\"></span>fs<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>re plat<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>m. A<span class=\"_ _4\"></span>s all ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>els a<span class=\"_ _4\"></span>re op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>onal a<span class=\"_ _4\"></span>nd ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>e inco<span class=\"_ _4\"></span>me or a<span class=\"_ _4\"></span>re</div>\n<div class=\"t m321 xe hb y59 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">ple<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>ed as a s<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y fo<span class=\"_ _4\"></span>r the u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>lyin<span class=\"_ _4\"></span>g bo<span class=\"_ _4\"></span>rro<span class=\"_ _4\"></span>win<span class=\"_ _4\"></span>g, we do no<span class=\"_ _4\"></span>t anti<span class=\"_ _4\"></span>cip<span class=\"_ _4\"></span>ate any re<span class=\"_ _4\"></span>cover<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y i<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ues f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e ou<span class=\"_ _4\"></span>ts<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>d<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m322 xe hb y5a ff1 fs9 fc2 sc0 ls16 wsf\" style=\"z-index: 15;\">ing b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s (af<span class=\"_ _4\"></span>ter i<span class=\"_ _4\"></span>mpai<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>) to eq<span class=\"_ _4\"></span>uit<span class=\"_ _7\"></span>y acco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ees<span class=\"_ _4\"></span>. Th<span class=\"_ _4\"></span>e equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s for w<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>m the</div>\n<div class=\"t m323 xe hb y5b ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">sha<span class=\"_ _4\"></span>re in t<span class=\"_ _4\"></span>he ne<span class=\"_ _4\"></span>t as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>s neg<span class=\"_ _4\"></span>ative, are a<span class=\"_ _4\"></span>lloc<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d to ot<span class=\"_ _4\"></span>her c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s (mai<span class=\"_ _4\"></span>nly d<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d fro<span class=\"_ _4\"></span>m re<span class=\"_ _4\"></span>ceiv<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>es) of t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m324 xe hb y5c ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">inves<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>\u2019<span class=\"_ _3\"></span>s inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t in t<span class=\"_ _4\"></span>he e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tee an<span class=\"_ _4\"></span>d if t<span class=\"_ _4\"></span>he ne<span class=\"_ _4\"></span>gati<span class=\"_ _4\"></span>ve net a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et exc<span class=\"_ _4\"></span>eed<span class=\"_ _4\"></span>s th<span class=\"_ _4\"></span>e inves<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>\u2019<span class=\"_ _3\"></span>s inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t, a</div>\n<div class=\"t m325 xe hb y5d ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">cor<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ond<span class=\"_ _4\"></span>ing lia<span class=\"_ _4\"></span>bili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nized t<span class=\"_ _4\"></span>o the ex<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ent t<span class=\"_ _4\"></span>hat th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up has a l<span class=\"_ _4\"></span>egal o<span class=\"_ _4\"></span>r con<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve ob<span class=\"_ _4\"></span>ligat<span class=\"_ _4\"></span>ion. T<span class=\"_ _4\"></span>he ter<span class=\"_ _4\"></span>ms</div>\n<div class=\"t m8 xe hb y5e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e sha<span class=\"_ _4\"></span>reh<span class=\"_ _4\"></span>old<span class=\"_ _4\"></span>er loa<span class=\"_ _4\"></span>ns ar<span class=\"_ _4\"></span>e dis<span class=\"_ _4\"></span>cus<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ed in N<span class=\"_ _4\"></span>ote 1<span class=\"_ _1\"></span>9 B<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs t<span class=\"_ _4\"></span>o equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s of thi<span class=\"_ _4\"></span>s ann<span class=\"_ _4\"></span>ual re<span class=\"_ _4\"></span>por<span class=\"_ _7\"></span>t.</div>\n<div class=\"t m326 xe hb y5f ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p onl<span class=\"_ _4\"></span>y eng<span class=\"_ _4\"></span>age<span class=\"_ _4\"></span>s wit<span class=\"_ _4\"></span>h ban<span class=\"_ _4\"></span>ks w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h a goo<span class=\"_ _4\"></span>d cr<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>t ra<span class=\"_ _4\"></span>ting. T<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup m<span class=\"_ _4\"></span>oni<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d manag<span class=\"_ _4\"></span>es ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>osu<span class=\"_ _4\"></span>res to</div>\n<div class=\"t m8 xe hb y60 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ban<span class=\"_ _4\"></span>ks w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h app<span class=\"_ _4\"></span>rove<span class=\"_ _4\"></span>d cou<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y c<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>it limi<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s and c<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>dit r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k par<span class=\"_ _4\"></span>am<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>s in o<span class=\"_ _4\"></span>rde<span class=\"_ _4\"></span>r to mit<span class=\"_ _4\"></span>igate t<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>isk o<span class=\"_ _4\"></span>f def<span class=\"_ _4\"></span>aul<span class=\"_ _4\"></span>t.</div>\n<div class=\"t m0 xe h2 y76 ff2 fs0 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>ure t<span class=\"_ _4\"></span>o ris<span class=\"_ _4\"></span>k</div>\n<div class=\"t m8 xe hd y59f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y5a0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity accounted investees<span class=\"_ _178\"> </span>7,000<span class=\"_ _1cc\"> </span>40,167</div>\n<div class=\"t m8 xe hc y5a1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Derivative \ufb01nancial assets<span class=\"_ _24\"> </span>573<span class=\"_ _25\"> </span>920</div>\n<div class=\"t m8 xe hc y5a2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other investments - equity instruments at FVTPL<span class=\"_ _237\"> </span>1,849<span class=\"_ _15\"> </span>1,849</div>\n<div class=\"t m8 xe hc y5a3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other r<span class=\"_ _3\"></span>eceivables (see Note 24)<span class=\"_ _1b7\"> </span>59,778<span class=\"_ _1cc\"> </span>48,534</div>\n<div class=\"t m8 xe hc y5a4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Restricted cash<span class=\"_ _238\"> </span>0<span class=\"_ _1a\"> </span>76,121</div>\n<div class=\"t m8 xe hc y5a5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash and cash equivalents<span class=\"_ _239\"> </span>519,553<span class=\"_ _1a\"> </span>71,130</div>\n<div class=\"t m8 xe hd y5a6 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Carrying amount of \ufb01nancial assets<span class=\"_ _23a\"> </span>588,753<span class=\"_ _d\"> </span>238,721</div>\n<div class=\"t m8 xe hb y6b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e car<span class=\"_ _4\"></span>r<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s of t<span class=\"_ _4\"></span>he \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s r<span class=\"_ _4\"></span>epr<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>nt t<span class=\"_ _4\"></span>he ma<span class=\"_ _4\"></span>xim<span class=\"_ _4\"></span>um c<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>it ex<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>e.</div>\n\n<div></div>\n\n<div class=\"t m0 xe h2 y6d ff2 fs0 fc2 sc0 ls2c ws1e\" style=\"z-index: 15;\">Impairment l<span class=\"_ _3\"></span>osses</div>\n<div class=\"t m8 xe hb y6e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s pas<span class=\"_ _4\"></span>t d<span class=\"_ _4\"></span>ue ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ding r<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>ble b<span class=\"_ _4\"></span>alanc<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e imma<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>ial, no age<span class=\"_ _4\"></span>ing an<span class=\"_ _4\"></span>aly<span class=\"_ _4\"></span>sis is d<span class=\"_ _4\"></span>isc<span class=\"_ _4\"></span>los<span class=\"_ _4\"></span>ed.</div>\n<div class=\"t m36 xe hb y6f ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">At year-<span class=\"_ _4\"></span>end 2<span class=\"_ _4\"></span>022, we rec<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>ir<span class=\"_ _4\"></span>ment c<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>ges f<span class=\"_ _4\"></span>or b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs t<span class=\"_ _4\"></span>o and t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>de re<span class=\"_ _4\"></span>cei<span class=\"_ _4\"></span>vab<span class=\"_ _4\"></span>le ba<span class=\"_ _4\"></span>lanc<span class=\"_ _4\"></span>es f<span class=\"_ _4\"></span>rom e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y</div>\n<div class=\"t m327 xe hb y70 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ees fo<span class=\"_ _4\"></span>r a tot<span class=\"_ _4\"></span>al amo<span class=\"_ _4\"></span>unt of US<span class=\"_ _4\"></span>D 1<span class=\"_ _2\"></span>1.2 millio<span class=\"_ _4\"></span>n and US<span class=\"_ _4\"></span>D 2.3 millio<span class=\"_ _4\"></span>n imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt cha<span class=\"_ _4\"></span>rge<span class=\"_ _4\"></span>s on ot<span class=\"_ _4\"></span>her (no<span class=\"_ _4\"></span>n-</div>\n<div class=\"t m8 xe hb y71 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">trad<span class=\"_ _4\"></span>e)<span class=\"_ _3\"></span> third par<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y receivable balances.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 8%; bottom: 80px; height: 86px; width: 84%; z-index: 7;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 80px; height: 86px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 80px; height: 655px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 80px; height: 1059px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 80px; height: 1059px; 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 x1 h6 y1d6 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Interest risk</div>\n\n<div class=\"t m0 x1 h2 y7f ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">Interest risk policy</div>\n<div class=\"t m328 x1 hb y43 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t-b<span class=\"_ _4\"></span>ear<span class=\"_ _4\"></span>ing lo<span class=\"_ _4\"></span>ans ar<span class=\"_ _4\"></span>e mainl<span class=\"_ _4\"></span>y neg<span class=\"_ _4\"></span>otiat<span class=\"_ _4\"></span>ed wi<span class=\"_ _4\"></span>th v<span class=\"_ _4\"></span>ari<span class=\"_ _4\"></span>able i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ra<span class=\"_ _4\"></span>tes. I<span class=\"_ _4\"></span>n ord<span class=\"_ _4\"></span>er to mo<span class=\"_ _4\"></span>nito<span class=\"_ _4\"></span>r thi<span class=\"_ _4\"></span>s inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ri<span class=\"_ _4\"></span>sk<span class=\"_ _4\"></span>,</div>\n<div class=\"t m271 x1 hb y80 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p makes u<span class=\"_ _4\"></span>se of in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>st h<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ging i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s availa<span class=\"_ _4\"></span>ble o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e mar<span class=\"_ _4\"></span>ket whe<span class=\"_ _4\"></span>n man<span class=\"_ _4\"></span>age<span class=\"_ _4\"></span>ment i<span class=\"_ _4\"></span>s of the o<span class=\"_ _4\"></span>pin<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y81 ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">ion t<span class=\"_ _4\"></span>hat i<span class=\"_ _4\"></span>t is favo<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ble to d<span class=\"_ _4\"></span>o so. Fo<span class=\"_ _4\"></span>r the m<span class=\"_ _4\"></span>ome<span class=\"_ _4\"></span>nt, no i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t rat<span class=\"_ _4\"></span>e sw<span class=\"_ _4\"></span>aps ex<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t wi<span class=\"_ _4\"></span>thi<span class=\"_ _4\"></span>n our s<span class=\"_ _4\"></span>ubs<span class=\"_ _4\"></span>idia<span class=\"_ _4\"></span>rie<span class=\"_ _4\"></span>s. O<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e othe<span class=\"_ _4\"></span>r</div>\n<div class=\"t mce x1 hb y82 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">han<span class=\"_ _4\"></span>d, dif<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>t inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ra<span class=\"_ _4\"></span>te sw<span class=\"_ _4\"></span>aps ex<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t wi<span class=\"_ _4\"></span>thin o<span class=\"_ _4\"></span>ur e<span class=\"_ _4\"></span>quit<span class=\"_ _7\"></span>y acco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es. T<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup a<span class=\"_ _4\"></span>ppli<span class=\"_ _4\"></span>es he<span class=\"_ _4\"></span>dge a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unt</div>\n<div class=\"t m1c x14 hb y82 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y83 ff1 fs9 fc2 sc0 ls2 ws12\" style=\"z-index: 15;\">ing w<span class=\"_ _4\"></span>hen t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>ns to ap<span class=\"_ _4\"></span>pl<span class=\"_ _4\"></span>y hed<span class=\"_ _4\"></span>ge ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>g are me<span class=\"_ _4\"></span>t. In c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>e no he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng is a<span class=\"_ _4\"></span>ppl<span class=\"_ _4\"></span>ied, t<span class=\"_ _4\"></span>he cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x1 hb y20b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">in f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>rde<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>tem<span class=\"_ _4\"></span>ent of p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 987px; height: 119px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x1 h2 y86 ff2 fs0 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>ure t<span class=\"_ _4\"></span>o ris<span class=\"_ _4\"></span>k</div>\n<div class=\"t m8 x1 hd y5a7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y5a8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal borrowings (excluding lease liabilities)<span class=\"_ _19d\"> </span>208,083<span class=\"_ _18\"> </span>418,707</div>\n<div class=\"t m8 x1f hc y5a9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">with \ufb01xed interest rate<span class=\"_ _239\"> </span>154,669<span class=\"_ _18\"> </span>173,079</div>\n<div class=\"t m8 x1f hc y5aa ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">with variable interest rate<span class=\"_ _53\"> </span>53,414<span class=\"_ _18\"> </span>245,628</div>\n<div class=\"t m8 x1 hd y5ab ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net exposure\u2005<span class=\"_ _b5\"> </span>53,414<span class=\"_ _d\"> </span>245,628</div>\n<div class=\"t m2bb x1 hb y4c ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt of v<span class=\"_ _4\"></span>ari<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate bo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs d<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>ed s<span class=\"_ _4\"></span>igni<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>antl<span class=\"_ _4\"></span>y du<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g 2022 as a r<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>ult of t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>pay<span class=\"_ _4\"></span>ment o<span class=\"_ _4\"></span>f</div>\n<div class=\"t m2d0 x1 hb y4d ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e NOK un<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>cure<span class=\"_ _4\"></span>d bo<span class=\"_ _4\"></span>nd a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e Bank o<span class=\"_ _4\"></span>f China c<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>dit f<span class=\"_ _4\"></span>acil<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y (se<span class=\"_ _4\"></span>e Note 28 Bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owin<span class=\"_ _4\"></span>gs), wit<span class=\"_ _4\"></span>h out<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>and<span class=\"_ _4\"></span>ing b<span class=\"_ _4\"></span>alanc<span class=\"_ _4\"></span>es</div>\n<div class=\"t m8 x1 hb y4e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of USD 71<span class=\"_ _1\"></span>.3 millio<span class=\"_ _4\"></span>n an<span class=\"_ _4\"></span>d USD 1<span class=\"_ _1\"></span>29<span class=\"_ _1\"></span>.<span class=\"_ _4\"></span>3 millio<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>vely at ye<span class=\"_ _4\"></span>ar-en<span class=\"_ _4\"></span>d 2021<span class=\"_ _1\"></span>.</div>\n<div class=\"t m0 x1 h2 y4f ff2 fs0 fc2 sc0 ls39 ws35\" style=\"z-index: 15;\">Sensitivit<span class=\"_ _4\"></span>y analysis</div>\n<div class=\"t m329 x1 hb y50 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">In c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>e the i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ra<span class=\"_ _4\"></span>te wou<span class=\"_ _4\"></span>ld in<span class=\"_ _4\"></span>crea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>/<span class=\"_ _1\"></span>d<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e wit<span class=\"_ _4\"></span>h 50 b<span class=\"_ _4\"></span>asi<span class=\"_ _4\"></span>s poi<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s, the \ufb01<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s w<span class=\"_ _4\"></span>ould b<span class=\"_ _4\"></span>e im<span class=\"_ _4\"></span>pac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m8 x1 hb y51 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">wit<span class=\"_ _4\"></span>h th<span class=\"_ _4\"></span>e follo<span class=\"_ _4\"></span>win<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s (as<span class=\"_ _4\"></span>sum<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>hat all ot<span class=\"_ _4\"></span>her v<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>iabl<span class=\"_ _4\"></span>es re<span class=\"_ _4\"></span>main u<span class=\"_ _4\"></span>nch<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>):</div>\n<div class=\"t m8 x1 hd y5ac ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _61\"> </span>2022<span class=\"_ _190\"> </span>2021</div>\n<div class=\"t m8 xa1 hd y5ad ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">+ 50 bp<span class=\"_ _5b\"> </span>- 50 bp<span class=\"_ _ac\"> </span>+ 50 bp<span class=\"_ _5b\"> </span>- 50 bp</div>\n<div class=\"t m8 x1 hc y5ae ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>ariable interest rate borrowings<span class=\"_ _ad\"> </span>267<span class=\"_ _64\"> </span>-267<span class=\"_ _7a\"> </span>1,228<span class=\"_ _126\"> </span>-1,228</div>\n<div class=\"t m8 x1 hc y5af ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest rate swaps and cr<span class=\"_ _3\"></span>oss-currency rate swaps<span class=\"_ _23b\"> </span>0<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m8 x1 hd y5b0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Sensitivity (net), of which<span class=\"_ _d2\"> </span>267<span class=\"_ _23c\"> </span>-267<span class=\"_ _126\"> </span>1,228<span class=\"_ _a0\"> </span>-1,228</div>\n<div class=\"t m8 x1f hc y5b1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impact in pro\ufb01t and loss<span class=\"_ _23d\"> </span>267<span class=\"_ _1a7\"> </span>-267<span class=\"_ _7a\"> </span>1,228<span class=\"_ _126\"> </span>-1,228</div>\n<div class=\"t m8 x1f hc y5b2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impact in equity\u2005<span class=\"_ _23e\"> </span>0<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m32a x1 hb ya3 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">A sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>t por<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR<span class=\"_ _4\"></span>\u2019s intere<span class=\"_ _4\"></span>st i<span class=\"_ _4\"></span>nco<span class=\"_ _4\"></span>me is d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ived f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m bor<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>win<span class=\"_ _4\"></span>gs to e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tees w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h</div>\n<div class=\"t m11c x1 hb ya4 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">var<span class=\"_ _4\"></span>iab<span class=\"_ _4\"></span>le int<span class=\"_ _4\"></span>eres<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s. A<span class=\"_ _4\"></span>ny inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e/decr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e in th<span class=\"_ _4\"></span>e inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate wo<span class=\"_ _4\"></span>uld re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>t in an in<span class=\"_ _4\"></span>cre<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>/<span class=\"_ _1\"></span>d<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e of int<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>st</div>\n<div class=\"t m32b x1 hb ya5 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">inc<span class=\"_ _4\"></span>ome b<span class=\"_ _4\"></span>ut wo<span class=\"_ _4\"></span>uld mai<span class=\"_ _4\"></span>nly b<span class=\"_ _4\"></span>e of<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>set b<span class=\"_ _4\"></span>y an inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e/ d<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e in th<span class=\"_ _4\"></span>e inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnize<span class=\"_ _4\"></span>d by th<span class=\"_ _4\"></span>e eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m32c x1 hb ya6 ff1 fs9 fc2 sc0 ls24 wsc\" style=\"z-index: 15;\">cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee f<span class=\"_ _4\"></span>or a cor<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>ding a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt. Ac<span class=\"_ _4\"></span>cord<span class=\"_ _4\"></span>ingl<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>, any i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>ease<span class=\"_ _4\"></span>/<span class=\"_ _3\"></span>dec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e in t<span class=\"_ _4\"></span>he va<span class=\"_ _4\"></span>ria<span class=\"_ _4\"></span>ble in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>st r<span class=\"_ _4\"></span>ate a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>lied</div>\n<div class=\"t m8 x1 hb ya7 ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">on t<span class=\"_ _4\"></span>he bo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs to e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s woul<span class=\"_ _4\"></span>d have no im<span class=\"_ _4\"></span>pac<span class=\"_ _7\"></span>t on t<span class=\"_ _4\"></span>he net r<span class=\"_ _4\"></span>esu<span class=\"_ _4\"></span>lt of t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up. Th<span class=\"_ _4\"></span>eref<span class=\"_ _4\"></span>ore,</div>\n<div class=\"t m8 x1 hb y580 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owin<span class=\"_ _4\"></span>gs to e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ees h<span class=\"_ _4\"></span>ave not be<span class=\"_ _4\"></span>en i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e ab<span class=\"_ _4\"></span>ove sen<span class=\"_ _4\"></span>sit<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y anal<span class=\"_ _4\"></span>ys<span class=\"_ _4\"></span>is.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 410px; height: 721px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 410px; height: 721px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 410px; height: 721px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 xe h6 y1d6 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Currenc<span class=\"_ _4\"></span>y risk</div>\n<div class=\"t m8 xe hb y7f ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k is his<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>ally m<span class=\"_ _4\"></span>ainl<span class=\"_ _4\"></span>y af<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted b<span class=\"_ _4\"></span>y the EUR<span class=\"_ _7\"></span>/USD r<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>o for ma<span class=\"_ _4\"></span>nnin<span class=\"_ _4\"></span>g it<span class=\"_ _4\"></span>s \ufb02ee<span class=\"_ _4\"></span>t, pay<span class=\"_ _4\"></span>ing s<span class=\"_ _4\"></span>alar<span class=\"_ _4\"></span>ies</div>\n<div class=\"t m8 xe hb y1fa ff1 fs9 fc2 sc0 ls2 ws55\" style=\"z-index: 15;\">and a<span class=\"_ _4\"></span>ll oth<span class=\"_ _4\"></span>er pe<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>nel re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s and s<span class=\"_ _4\"></span>ince N<span class=\"_ _4\"></span>ovemb<span class=\"_ _4\"></span>er 20<span class=\"_ _4\"></span>22 als<span class=\"_ _4\"></span>o for t<span class=\"_ _4\"></span>he Bex<span class=\"_ _4\"></span>co ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>ties (s<span class=\"_ _4\"></span>ee No<span class=\"_ _4\"></span>te 5 Bus<span class=\"_ _4\"></span>i</div>\n<div class=\"t m8 x3d hb y43 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m32d xe hb y80 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">nes<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>inat<span class=\"_ _4\"></span>ions a<span class=\"_ _4\"></span>nd ot<span class=\"_ _4\"></span>her s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>e tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s), which a<span class=\"_ _4\"></span>re ex<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d in EUR<span class=\"_ _4\"></span>. In ord<span class=\"_ _4\"></span>er to m<span class=\"_ _4\"></span>oni<span class=\"_ _4\"></span>tor t<span class=\"_ _4\"></span>he cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k,</div>\n<div class=\"t m8 xe hb y81 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p us<span class=\"_ _4\"></span>es a r<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>e of fore<span class=\"_ _4\"></span>ign c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>y rat<span class=\"_ _4\"></span>e hed<span class=\"_ _4\"></span>ging i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d for<span class=\"_ _7\"></span>wa<span class=\"_ _4\"></span>rd co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s if d<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>d nece<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>sar<span class=\"_ _7\"></span>y<span class=\"_ _3\"></span>.</div>\n<div class=\"t m168 xe hb y82 ff1 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">At year-<span class=\"_ _4\"></span>end 20<span class=\"_ _4\"></span>22, EX<span class=\"_ _4\"></span>MAR p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>ed US<span class=\"_ _4\"></span>D 1<span class=\"_ _1\"></span>3.8 millio<span class=\"_ _4\"></span>n for<span class=\"_ _7\"></span>war<span class=\"_ _4\"></span>ds, w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h res<span class=\"_ _4\"></span>ulte<span class=\"_ _4\"></span>d in a f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue gai<span class=\"_ _4\"></span>n of USD 1<span class=\"_ _3\"></span>.<span class=\"_ _2\"></span>1 m<span class=\"_ _4\"></span>illion.</div>\n<div class=\"t m8 xe hb y83 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s per D<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2021<span class=\"_ _1\"></span>, no \ufb01na<span class=\"_ _4\"></span>ncial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>s were o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>and<span class=\"_ _4\"></span>ing to cove<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e EUR<span class=\"_ _4\"></span>/US<span class=\"_ _4\"></span>D<span class=\"_ _1\"></span>.</div>\n<div class=\"t m8 xe hb y20b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">At year-<span class=\"_ _4\"></span>end 20<span class=\"_ _4\"></span>22, EX<span class=\"_ _4\"></span>MAR h<span class=\"_ _4\"></span>ad als<span class=\"_ _4\"></span>o pu<span class=\"_ _4\"></span>rch<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d EUR 75.6 million d<span class=\"_ _4\"></span>aily s<span class=\"_ _4\"></span>wap<span class=\"_ _4\"></span>s for US<span class=\"_ _4\"></span>D 80.6 mil<span class=\"_ _4\"></span>lion.</div>\n<div class=\"t m32e xe hb y85 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">In pr<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>r year<span class=\"_ _4\"></span>s and u<span class=\"_ _4\"></span>ntil m<span class=\"_ _4\"></span>atur<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y o<span class=\"_ _4\"></span>f the u<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>red N<span class=\"_ _4\"></span>OK 650.0 milli<span class=\"_ _4\"></span>on in M<span class=\"_ _4\"></span>ay 2022, the g<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p als<span class=\"_ _4\"></span>o clo<span class=\"_ _4\"></span>sel<span class=\"_ _4\"></span>y moni<span class=\"_ _4\"></span>tore<span class=\"_ _4\"></span>d</div>\n<div class=\"t m32f xe hb y86 ff1 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e NOK<span class=\"_ _7\"></span>/USD evo<span class=\"_ _4\"></span>luti<span class=\"_ _4\"></span>on an<span class=\"_ _4\"></span>d pur<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d for<span class=\"_ _7\"></span>war<span class=\"_ _4\"></span>d cont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s to cove<span class=\"_ _4\"></span>r the r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k. En<span class=\"_ _4\"></span>d 2021<span class=\"_ _1\"></span>, EX<span class=\"_ _4\"></span>MAR p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>ed N<span class=\"_ _4\"></span>OK 240.0</div>\n<div class=\"t m330 xe hb y87 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">millio<span class=\"_ _4\"></span>n for<span class=\"_ _7\"></span>war<span class=\"_ _4\"></span>ds fo<span class=\"_ _4\"></span>r USD 26.3 milli<span class=\"_ _4\"></span>on, whi<span class=\"_ _4\"></span>ch re<span class=\"_ _4\"></span>sult<span class=\"_ _4\"></span>ed in a f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue g<span class=\"_ _4\"></span>ain of USD 0.<span class=\"_ _3\"></span>9 millio<span class=\"_ _4\"></span>n, however i<span class=\"_ _4\"></span>n 2022 a lo<span class=\"_ _4\"></span>ss o<span class=\"_ _4\"></span>f</div>\n<div class=\"t m331 xe hb y8c ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">USD 2.6 milli<span class=\"_ _4\"></span>on wa<span class=\"_ _4\"></span>s reali<span class=\"_ _4\"></span>zed o<span class=\"_ _4\"></span>n the s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>lem<span class=\"_ _4\"></span>ent of t<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e for<span class=\"_ _7\"></span>wa<span class=\"_ _4\"></span>rds, b<span class=\"_ _4\"></span>ut w<span class=\"_ _4\"></span>as of<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et by t<span class=\"_ _4\"></span>he reali<span class=\"_ _4\"></span>zed fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n exc<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y88 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">gain u<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>n rep<span class=\"_ _4\"></span>aym<span class=\"_ _4\"></span>ent of t<span class=\"_ _4\"></span>he b<span class=\"_ _4\"></span>ond (s<span class=\"_ _4\"></span>ee No<span class=\"_ _4\"></span>te 1<span class=\"_ _1\"></span>2 Fi<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>e inco<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>/<span class=\"_ _1\"></span>ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d Note 28 Bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owi<span class=\"_ _4\"></span>ngs).</div>\n<div class=\"t m0 xe h2 y8a ff2 fs0 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>ure t<span class=\"_ _4\"></span>o ris<span class=\"_ _4\"></span>k</div>\n<div class=\"t m8 xe hb yd8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>ure to c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y ri<span class=\"_ _4\"></span>sk<span class=\"_ _4\"></span>, bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n notio<span class=\"_ _4\"></span>nal a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s in th<span class=\"_ _4\"></span>ous<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ds of f<span class=\"_ _4\"></span>oreig<span class=\"_ _4\"></span>n cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y:</div>\n<div class=\"t m8 xe hd y5b3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of local</div>\n<div class=\"t m8 xe hd y5b4 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">currency)</div>\n<div class=\"t m8 x94 hd y5b5 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _9f\"> </span>2021</div>\n<div class=\"t m8 xa2 hd y5b6 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EUR<span class=\"_ _137\"> </span>NOK<span class=\"_ _8b\"> </span>XAF<span class=\"_ _8b\"> </span>ARS<span class=\"_ _23f\"> </span>EUR<span class=\"_ _137\"> </span>NOK<span class=\"_ _e5\"> </span>SGD<span class=\"_ _8b\"> </span>ARS</div>\n<div class=\"t m8 xe hc y5b7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Receivables<span class=\"_ _170\"> </span>12,435<span class=\"_ _137\"> </span>1,899<span class=\"_ _1de\"> </span>434,754<span class=\"_ _240\"> </span>225,083<span class=\"_ _137\"> </span>5,845<span class=\"_ _8a\"> </span>55<span class=\"_ _8a\"> </span>27<span class=\"_ _240\"> </span>199,458</div>\n<div class=\"t m8 xe hc y5b8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Payables<span class=\"_ _1f2\"> </span>-16,083<span class=\"_ _7a\"> </span>0<span class=\"_ _1c7\"> </span>-12,801<span class=\"_ _1c7\"> </span>-37,564<span class=\"_ _1c7\"> </span>-10,453<span class=\"_ _1cd\"> </span>-7,636<span class=\"_ _ac\"> </span>-106<span class=\"_ _1c7\"> </span>-30,640</div>\n<div class=\"t m8 xe hc y5b9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest-bearing loans<span class=\"_ _216\"> </span>0<span class=\"_ _7a\"> </span>0<span class=\"_ _7a\"> </span>0<span class=\"_ _7a\"> </span>0<span class=\"_ _7a\"> </span>0<span class=\"_ _1ca\"> </span>-625,391<span class=\"_ _7a\"> </span>0<span class=\"_ _7a\"> </span>0</div>\n<div class=\"t m8 xe hd y5ba ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance sheet</div>\n<div class=\"t m8 xe hd y5bb ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">exposure\u2005</div>\n<div class=\"t m8 xa3 hd y5bc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-3,648<span class=\"_ _1cd\"> </span>1,899<span class=\"_ _1c3\"> </span>421,953<span class=\"_ _1c3\"> </span>187,519<span class=\"_ _1d7\"> </span>-4,608<span class=\"_ _1d0\"> </span>-632,972<span class=\"_ _1a2\"> </span>-79<span class=\"_ _241\"> </span>168,818</div>\n<div class=\"t m8 xe hc y5bd ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Forward contracts<span class=\"_ _242\"> </span>240,000</div>\n<div class=\"t m8 xe hd y5be ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net exposure<span class=\"_ _131\"> </span>-3,648<span class=\"_ _1cd\"> </span>1,899<span class=\"_ _1c3\"> </span>421,953<span class=\"_ _241\"> </span>187,519<span class=\"_ _1e5\"> </span>-4,608<span class=\"_ _1d0\"> </span>-392,972<span class=\"_ _5b\"> </span>-79<span class=\"_ _1c3\"> </span>168,818</div>\n<div class=\"t m8 xe hc y5bf ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">In thousands of USD<span class=\"_ _a0\"> </span>-3,891<span class=\"_ _5b\"> </span>193<span class=\"_ _eb\"> </span>686<span class=\"_ _137\"> </span>1,059<span class=\"_ _107\"> </span>-5,219<span class=\"_ _1c7\"> </span>-44,558<span class=\"_ _14d\"> </span>-59<span class=\"_ _137\"> </span>1,643</div>\n<div class=\"t m332 xe hb y55 ff1 fs9 fc2 sc0 ls25 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e above ove<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>iew re<span class=\"_ _4\"></span>\ufb02ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>re for t<span class=\"_ _4\"></span>he to<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>4 cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks<span class=\"_ _4\"></span>. As t<span class=\"_ _4\"></span>he X<span class=\"_ _7\"></span>AF (C<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>ral A<span class=\"_ _4\"></span>fr<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>an CFA Fran<span class=\"_ _4\"></span>c) be<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>me</div>\n<div class=\"t m8 xe hb y56 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">mor<span class=\"_ _4\"></span>e imp<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>ta<span class=\"_ _4\"></span>nt in 202<span class=\"_ _4\"></span>2 tha<span class=\"_ _4\"></span>n the S<span class=\"_ _4\"></span>GD (Sing<span class=\"_ _4\"></span>apo<span class=\"_ _4\"></span>re Do<span class=\"_ _4\"></span>llar) w<span class=\"_ _4\"></span>e have inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>he X<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span>F for 20<span class=\"_ _4\"></span>22 ins<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>ad of th<span class=\"_ _4\"></span>e SGD.</div>\n<div class=\"t m0 xe h2 y58 ff2 fs0 fc2 sc0 ls39 ws35\" style=\"z-index: 15;\">Sensitivit<span class=\"_ _4\"></span>y analysis</div>\n<div class=\"t m1f3 xe hb y59 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s per D<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2022 an i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e in t<span class=\"_ _4\"></span>he year-<span class=\"_ _4\"></span>end EUR<span class=\"_ _7\"></span>/USD r<span class=\"_ _4\"></span>ate o<span class=\"_ _4\"></span>f 1<span class=\"_ _3\"></span>0.0% wo<span class=\"_ _4\"></span>uld af<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>t the s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t of pro<span class=\"_ _4\"></span>\ufb01t</div>\n<div class=\"t m333 xe hb y5a ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">or lo<span class=\"_ _4\"></span>ss w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h USD -<span class=\"_ _4\"></span>0.4 millio<span class=\"_ _4\"></span>n (2021<span class=\"_ _1\"></span>: USD -<span class=\"_ _4\"></span>0.<span class=\"_ _4\"></span>5 million). A 1<span class=\"_ _3\"></span>0.0% de<span class=\"_ _4\"></span>cr<span class=\"_ _4\"></span>ease o<span class=\"_ _4\"></span>f the EUR<span class=\"_ _7\"></span>/USD r<span class=\"_ _4\"></span>ate wo<span class=\"_ _4\"></span>uld i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t th<span class=\"_ _4\"></span>e pro\ufb01<span class=\"_ _4\"></span>t</div>\n<div class=\"t m8 xe hb y5b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">or lo<span class=\"_ _4\"></span>ss s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h the s<span class=\"_ _4\"></span>am<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt (op<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>site s<span class=\"_ _4\"></span>ign).</div>\n<div class=\"t m8 xe hb y1bd ff1 fs9 fc2 sc0 ls2 ws3a\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s per D<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2022 an i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e in th<span class=\"_ _4\"></span>e year-e<span class=\"_ _4\"></span>nd NO<span class=\"_ _4\"></span>K<span class=\"_ _4\"></span>/<span class=\"_ _4\"></span>USD ra<span class=\"_ _4\"></span>te of 10% woul<span class=\"_ _4\"></span>d af<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>tat<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt of pr<span class=\"_ _4\"></span>o\ufb01t</div>\n<div class=\"t m32b xe hb y5d ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">or lo<span class=\"_ _4\"></span>ss w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h USD -<span class=\"_ _4\"></span>0.02 milli<span class=\"_ _4\"></span>on (2021<span class=\"_ _1\"></span>: USD -<span class=\"_ _4\"></span>4.<span class=\"_ _4\"></span>5 millio<span class=\"_ _4\"></span>n)<span class=\"_ _1\"></span>. A 10.0% de<span class=\"_ _4\"></span>cr<span class=\"_ _4\"></span>ease o<span class=\"_ _4\"></span>f the N<span class=\"_ _4\"></span>OK<span class=\"_ _4\"></span>/ US<span class=\"_ _4\"></span>D rat<span class=\"_ _4\"></span>e woul<span class=\"_ _4\"></span>d imp<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m8 xe hb y5e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>\ufb01t or lo<span class=\"_ _4\"></span>ss s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t wit<span class=\"_ _4\"></span>h th<span class=\"_ _4\"></span>e sam<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt (op<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>site s<span class=\"_ _4\"></span>ign).</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 459px; height: 672px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 459px; height: 672px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 459px; height: 672px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1 h6 y1d6 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Liquidit<span class=\"_ _4\"></span>y risk</div>\n<div class=\"t m0 x1 h2 y7f ff2 fs0 fc2 sc0 ls39 ws35\" style=\"z-index: 15;\">Liquidit<span class=\"_ _4\"></span>y risk policy</div>\n<div class=\"t m334 x1 hb y43 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p mana<span class=\"_ _4\"></span>ges t<span class=\"_ _4\"></span>he li<span class=\"_ _4\"></span>quid<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k in ord<span class=\"_ _4\"></span>er to m<span class=\"_ _4\"></span>eet \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial ob<span class=\"_ _4\"></span>liga<span class=\"_ _4\"></span>tion<span class=\"_ _4\"></span>s as th<span class=\"_ _4\"></span>ey fa<span class=\"_ _4\"></span>ll due. T<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>isk i<span class=\"_ _4\"></span>s mana<span class=\"_ _4\"></span>ged</div>\n<div class=\"t m335 x1 hb y80 ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">thr<span class=\"_ _4\"></span>oug<span class=\"_ _4\"></span>h a con<span class=\"_ _4\"></span>tinu<span class=\"_ _4\"></span>ous c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow p<span class=\"_ _4\"></span>roje<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n foll<span class=\"_ _4\"></span>ow-<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>p<span class=\"_ _3\"></span>, moni<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>ing b<span class=\"_ _4\"></span>alan<span class=\"_ _4\"></span>ce sh<span class=\"_ _4\"></span>eet li<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>io\u2019<span class=\"_ _3\"></span>s agai<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>t inte<span class=\"_ _4\"></span>rn<span class=\"_ _4\"></span>al</div>\n<div class=\"t m8 x1 hb y81 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">and r<span class=\"_ _4\"></span>egu<span class=\"_ _4\"></span>lator<span class=\"_ _7\"></span>y re<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>reme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d maint<span class=\"_ _4\"></span>ai<span class=\"_ _4\"></span>ning a di<span class=\"_ _4\"></span>ver<span class=\"_ _4\"></span>se r<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ge of f<span class=\"_ _4\"></span>und<span class=\"_ _4\"></span>ing s<span class=\"_ _4\"></span>our<span class=\"_ _4\"></span>ces w<span class=\"_ _4\"></span>ith a<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>qua<span class=\"_ _4\"></span>te bac<span class=\"_ _4\"></span>k-up f<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es.</div>\n<div class=\"t m8 x1 hb y1c9 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Dif<span class=\"_ _7\"></span>fere<span class=\"_ _4\"></span>nt de<span class=\"_ _4\"></span>bt cove<span class=\"_ _4\"></span>nant<span class=\"_ _4\"></span>s e<span class=\"_ _4\"></span>xis<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>hat re<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>re com<span class=\"_ _4\"></span>plia<span class=\"_ _4\"></span>nce w<span class=\"_ _4\"></span>ith c<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ai<span class=\"_ _4\"></span>n \ufb01nan<span class=\"_ _4\"></span>cial r<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>o\u2019<span class=\"_ _3\"></span>s. A<span class=\"_ _4\"></span>s of De<span class=\"_ _4\"></span>cem<span class=\"_ _4\"></span>ber 31<span class=\"_ _1\"></span>, 2022, E<span class=\"_ _4\"></span>X</div>\n<div class=\"t m8 x14 hb y82 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y83 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">MA<span class=\"_ _4\"></span>R was co<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>liant w<span class=\"_ _4\"></span>ith a<span class=\"_ _4\"></span>ll coven<span class=\"_ _4\"></span>ant<span class=\"_ _4\"></span>s. We al<span class=\"_ _4\"></span>so ref<span class=\"_ _4\"></span>er in t<span class=\"_ _4\"></span>his re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>o Note 28 Bo<span class=\"_ _4\"></span>rro<span class=\"_ _4\"></span>win<span class=\"_ _4\"></span>gs.</div>\n<div class=\"t m0 x1 h2 y85 ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">Maturity analysi<span class=\"_ _4\"></span>s of<span class=\"_ _1\"></span> \ufb01<span class=\"_ _4\"></span>nancial liabilities, borr<span class=\"_ _3\"></span>owings to<span class=\"_ _1\"></span> eq<span class=\"_ _4\"></span>uity accounted<span class=\"_ _3\"></span> inv<span class=\"_ _3\"></span>estees and \ufb01nancial</div>\n<div class=\"t m0 x1 h2 y52e ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">guarantees</div>\n<div class=\"t m336 x1 hb y87 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Ou<span class=\"_ _4\"></span>r cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nt \ufb01na<span class=\"_ _4\"></span>ncial l<span class=\"_ _4\"></span>iabili<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s suc<span class=\"_ _4\"></span>h as t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>de an<span class=\"_ _4\"></span>d oth<span class=\"_ _4\"></span>er pay<span class=\"_ _4\"></span>able<span class=\"_ _4\"></span>s are ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to be p<span class=\"_ _4\"></span>aid w<span class=\"_ _4\"></span>ithi<span class=\"_ _4\"></span>n the n<span class=\"_ _4\"></span>ex<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>wel<span class=\"_ _4\"></span>ve</div>\n<div class=\"t m337 x1 hb y8c ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">mon<span class=\"_ _4\"></span>ths a<span class=\"_ _4\"></span>nd are t<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>efor<span class=\"_ _4\"></span>e not inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n bel<span class=\"_ _4\"></span>ow ta<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s. Th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al mat<span class=\"_ _4\"></span>uri<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s of our \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>ies an<span class=\"_ _4\"></span>d our</div>\n<div class=\"t m285 x1 hb y88 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owin<span class=\"_ _4\"></span>gs to e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted inve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s, incl<span class=\"_ _4\"></span>udi<span class=\"_ _4\"></span>ng es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t pay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s, are d<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>aile<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he ta<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s be<span class=\"_ _4\"></span>low.</div>\n<div class=\"t m338 x1 hb y89 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al mat<span class=\"_ _4\"></span>uri<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s of our \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>ies a<span class=\"_ _4\"></span>re bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al amo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>izat<span class=\"_ _4\"></span>ion t<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>les of t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>aci<span class=\"_ _4\"></span>litie<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m8 x1 hb y8a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e und<span class=\"_ _4\"></span>raw<span class=\"_ _4\"></span>n pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s of o<span class=\"_ _4\"></span>ur cr<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>t fa<span class=\"_ _4\"></span>cilit<span class=\"_ _4\"></span>ies ar<span class=\"_ _4\"></span>e not in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>ded i<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e ta<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s bel<span class=\"_ _4\"></span>ow.</div>\n<div class=\"t m248 x1 hb yd8 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al mat<span class=\"_ _4\"></span>uri<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s of our b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s to eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n the c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow p<span class=\"_ _4\"></span>roje<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns</div>\n<div class=\"t m14d x1 hb y8b ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">for f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure yea<span class=\"_ _4\"></span>rs f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e EX<span class=\"_ _4\"></span>MA<span class=\"_ _4\"></span>R LPG s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>hol<span class=\"_ _4\"></span>der<span class=\"_ _4\"></span>\u2019s loan a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>pec<span class=\"_ _7\"></span>ted r<span class=\"_ _4\"></span>epay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e loan f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e Elec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>a Of<span class=\"_ _7\"></span>f<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1cb x1 hb y4a ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">sh<span class=\"_ _4\"></span>ore Lt<span class=\"_ _4\"></span>d fac<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y (ex<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>on an<span class=\"_ _4\"></span>d ter<span class=\"_ _4\"></span>ms s<span class=\"_ _4\"></span>til<span class=\"_ _4\"></span>l und<span class=\"_ _4\"></span>er ne<span class=\"_ _4\"></span>got<span class=\"_ _4\"></span>iatio<span class=\"_ _4\"></span>n)<span class=\"_ _3\"></span>, exclu<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g net<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing of n<span class=\"_ _4\"></span>egat<span class=\"_ _4\"></span>ive ne<span class=\"_ _4\"></span>t as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s (s<span class=\"_ _4\"></span>ee Not<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 x1 hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">1<span class=\"_ _1\"></span>9 Bo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs to e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s)<span class=\"_ _3\"></span>.</div>\n<div class=\"t m339 x1 hb y4c ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R has al<span class=\"_ _4\"></span>so p<span class=\"_ _4\"></span>rovi<span class=\"_ _4\"></span>ded g<span class=\"_ _4\"></span>uar<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s to \ufb01nan<span class=\"_ _4\"></span>cial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tit<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s that h<span class=\"_ _4\"></span>ave prov<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>d cr<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>t fa<span class=\"_ _4\"></span>cilit<span class=\"_ _4\"></span>ies t<span class=\"_ _4\"></span>o her e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y ac<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m33a x1 hb y4d ff1 fs9 fc2 sc0 ls23 wsf\" style=\"z-index: 15;\">cou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es. T<span class=\"_ _4\"></span>he am<span class=\"_ _4\"></span>ou<span class=\"_ _4\"></span>nt tha<span class=\"_ _4\"></span>t EX<span class=\"_ _4\"></span>MA<span class=\"_ _4\"></span>R coul<span class=\"_ _4\"></span>d have to p<span class=\"_ _4\"></span>ay if th<span class=\"_ _4\"></span>e guar<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>ntee i<span class=\"_ _4\"></span>s cal<span class=\"_ _4\"></span>led o<span class=\"_ _4\"></span>n, is dis<span class=\"_ _4\"></span>clo<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>low</div>\n<div class=\"t m8 x1 hb y4e ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">under \ufb01nancia<span class=\"_ _3\"></span>l guarantees.</div>\n<div class=\"t m8 x1 hd y5c0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x1 hd y5c1 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2022</div>\n<div class=\"t m8 xa4 hd y5c2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Curr<span class=\"_ _1\"></span>.</div>\n<div class=\"t m8 xa5 hd y5c0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest</div>\n<div class=\"t m8 xa6 hd y5c1 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rate</div>\n<div class=\"t m8 xa7 hd y5c2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Matur<span class=\"_ _1\"></span>.</div>\n<div class=\"t m8 x7c hd y5c0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Carrying</div>\n<div class=\"t m8 xa8 hd y5c1 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amount</div>\n<div class=\"t m8 x29 hd y5c3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Contractual cash \ufb02ows</div>\n<div class=\"t m8 x77 hd y5c4 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal<span class=\"_ _243\"> </span>&lt; 1 year<span class=\"_ _d7\"> </span>1-2 years<span class=\"_ _d7\"> </span>2-5 years<span class=\"_ _11\"> </span>&gt; 5 years</div>\n<div class=\"t m8 x1 hc y5c5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank loans VLGC's<span class=\"_ _7a\"> </span>USD<span class=\"_ _1c2\"> </span>5,62%<span class=\"_ _1e3\"> </span>2036<span class=\"_ _244\"> </span>-135,492<span class=\"_ _244\"> </span>-203,954<span class=\"_ _1e6\"> </span>-13,323<span class=\"_ _241\"> </span>-13,258<span class=\"_ _1e6\"> </span>-39,210<span class=\"_ _244\"> </span>-138,163</div>\n<div class=\"t m8 x1 hc y5c6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank/other loans -</div>\n<div class=\"t m8 x1 hc y5c7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pressurized \ufb02eet</div>\n<div class=\"t m8 x38 hc y5c8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD</div>\n<div class=\"t m8 xa9 hc y5c6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LIBOR+</div>\n<div class=\"t m8 x96 hc y5c9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 xaa hc y5ca ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2.4%</div>\n<div class=\"t m8 xab hc y5c9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2023 -</div>\n<div class=\"t m8 xac hc y5ca ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2025</div>\n<div class=\"t m8 x39 hc y5cb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-61,752<span class=\"_ _1c0\"> </span>-62,831<span class=\"_ _1c0\"> </span>-36,038<span class=\"_ _1c0\"> </span>-16,190<span class=\"_ _1c0\"> </span>-10,604<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5cc ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank loan - EXCALIBUR<span class=\"_ _1cd\"> </span>USD</div>\n<div class=\"t m8 xa9 hc y5cd ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LIBOR+</div>\n<div class=\"t m8 xaa hc y5ce ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2.5%</div>\n<div class=\"t m8 xac hc y5cc ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2023<span class=\"_ _1c0\"> </span>-10,004<span class=\"_ _1c0\"> </span>-10,458<span class=\"_ _1c0\"> </span>-10,458<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5cf ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank loans - other<span class=\"_ _3d\"> </span>EUR</div>\n<div class=\"t m8 xad hc y5d0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EURIBOR</div>\n<div class=\"t m8 xae hc y5d1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">+ 1.7%</div>\n<div class=\"t m8 xac hc y5cf ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2028<span class=\"_ _107\"> </span>-835<span class=\"_ _107\"> </span>-372<span class=\"_ _f9\"> </span>-356<span class=\"_ _e5\"> </span>-16<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5d2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _c3\"> </span>USD<span class=\"_ _197\"> </span>-2,127<span class=\"_ _240\"> </span>-2,387<span class=\"_ _107\"> </span>-507<span class=\"_ _107\"> </span>-464<span class=\"_ _240\"> </span>-1,416<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5d3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _245\"> </span>EUR<span class=\"_ _1ea\"> </span>-7,985<span class=\"_ _240\"> </span>-8,516<span class=\"_ _240\"> </span>-1,533<span class=\"_ _1c5\"> </span>-1,287<span class=\"_ _240\"> </span>-2,441<span class=\"_ _240\"> </span>-3,255</div>\n<div class=\"t m8 x1 hc y5d4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _1a\"> </span>SGD<span class=\"_ _a5\"> </span>-65<span class=\"_ _e5\"> </span>-66<span class=\"_ _e5\"> </span>-66<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0</div>\n<div class=\"t m8 x1 hc y5d5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _1a\"> </span>CNY<span class=\"_ _a5\"> </span>-66<span class=\"_ _f9\"> </span>-332<span class=\"_ _e5\"> </span>-20<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0</div>\n<div class=\"t m8 x1 hc y5d6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _1eb\"> </span>INR<span class=\"_ _5c\"> </span>-21<span class=\"_ _e5\"> </span>-22<span class=\"_ _e5\"> </span>-22<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0</div>\n<div class=\"t m8 xaf hd y5d7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-218,347<span class=\"_ _b9\"> </span>-288,939<span class=\"_ _c8\"> </span>-62,322<span class=\"_ _18c\"> </span>-31,216<span class=\"_ _c8\"> </span>-53,670<span class=\"_ _b9\"> </span>-141,419</div>\n<div class=\"t m8 x1 hd y5d8 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity</div>\n<div class=\"t m8 x1 hd y5d9 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees</div>\n<div class=\"t m8 x38 hc y5da ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD<span class=\"_ _197\"> </span><span class=\"ff2\">7,000<span class=\"_ _240\"> </span>7,840<span class=\"_ _240\"> </span>7,840<span class=\"_ _1bf\"> </span>0<span class=\"_ _1bf\"> </span>0<span class=\"_ _9c\"> </span>0</span></div>\n<div class=\"t m8 x1 hc y5db ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Financial guarantees<span class=\"_ _db\"> </span><span class=\"ff6\">USD<span class=\"_ _1ed\"> </span></span>0<span class=\"_ _b9\"> </span>-270,796<span class=\"_ _246\"> </span>-56,458<span class=\"_ _246\"> </span>-27,661<span class=\"_ _b9\"> </span>-186,676<span class=\"_ _1bf\"> </span>0</div>\n<div class=\"t m8 x1 hd y5dc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x1 hd y5dd ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2021</div>\n<div class=\"t m8 xa4 hd y5de ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Curr<span class=\"_ _1\"></span>.</div>\n<div class=\"t m8 xa5 hd y5dc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest</div>\n<div class=\"t m8 xa6 hd y5dd ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rate</div>\n<div class=\"t m8 xa7 hd y5de ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Matur<span class=\"_ _1\"></span>.</div>\n<div class=\"t m8 x7c hd y5dc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Carrying</div>\n<div class=\"t m8 xa8 hd y5dd ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amount</div>\n<div class=\"t m8 x29 hd y5df ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Contractual cash \ufb02ows</div>\n<div class=\"t m8 x77 hd y5e0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal<span class=\"_ _243\"> </span>&lt; 1 year<span class=\"_ _d7\"> </span>1-2 years<span class=\"_ _d7\"> </span>2-5 years<span class=\"_ _11\"> </span>&gt; 5 years</div>\n<div class=\"t m8 x1 hc y5e1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank/other loans -</div>\n<div class=\"t m8 x1 hc y5e2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pressurized \ufb02eet</div>\n<div class=\"t m8 x38 hc y5e3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD</div>\n<div class=\"t m8 xa9 hc y5e1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LIBOR+</div>\n<div class=\"t m8 x96 hc y5e4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 xaa hc y5e5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2.4%</div>\n<div class=\"t m8 xab hc y5e4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2023 -</div>\n<div class=\"t m8 xac hc y5e5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2025</div>\n<div class=\"t m8 x39 hc y5e6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-70,339<span class=\"_ _1c0\"> </span>-74,827<span class=\"_ _1c0\"> </span>-16,384<span class=\"_ _1c0\"> </span>-19,334<span class=\"_ _1c0\"> </span>-39,109<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5e7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank loan -</div>\n<div class=\"t m8 xb0 hc y5e8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 x1 hc y5e9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ANGO FLNG</div>\n<div class=\"t m8 x38 hc y5ea ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD</div>\n<div class=\"t m8 xa9 hc y5e8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LIBOR+ <span class=\"_ _d9\"></span> </div>\n<div class=\"t m8 xaa hc y5e9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2.2%</div>\n<div class=\"t m8 xac hc y5ea ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2029<span class=\"_ _244\"> </span>-129,265<span class=\"_ _13\"> </span>-158,464<span class=\"_ _1c0\"> </span>-21,079<span class=\"_ _1c0\"> </span>-21,880<span class=\"_ _241\"> </span>-61,334<span class=\"_ _1e6\"> </span>-54,171</div>\n<div class=\"t m8 x1 hc y5eb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank loans VLGC's<span class=\"_ _7a\"> </span>USD<span class=\"_ _1c2\"> </span>5,62%<span class=\"_ _1e3\"> </span>2036<span class=\"_ _244\"> </span>-140,927<span class=\"_ _244\"> </span>-217,650<span class=\"_ _1e6\"> </span>-13,323<span class=\"_ _241\"> </span>-13,323<span class=\"_ _1e6\"> </span>-39,465<span class=\"_ _244\"> </span>-151,540</div>\n<div class=\"t m8 x1 hc y5ec ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank loan - aircraft<span class=\"_ _8e\"> </span>USD<span class=\"_ _1c2\"> </span>3,16%<span class=\"_ _1e3\"> </span>2023<span class=\"_ _240\"> </span>-5,658<span class=\"_ _240\"> </span>-5,675<span class=\"_ _1c5\"> </span>-1,864<span class=\"_ _240\"> </span>-3,811<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5ed ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bond<span class=\"_ _1ac\"> </span>NOK</div>\n<div class=\"t m8 xb1 hc y5ee ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">NIBOR+</div>\n<div class=\"t m8 x96 hc y5ef ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 xb2 hc y5f0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">8.75%</div>\n<div class=\"t m8 xac hc y5f1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _1c0\"> </span>-71,324<span class=\"_ _1c0\"> </span>-73,966<span class=\"_ _1c0\"> </span>-73,966<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5f2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other loans<span class=\"_ _1c\"> </span>USD<span class=\"_ _195\"> </span>1,0%<span class=\"_ _1e3\"> </span>2025<span class=\"_ _240\"> </span>-1,194<span class=\"_ _240\"> </span>-1,194<span class=\"_ _1c5\"> </span>-1,194<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5f3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _c3\"> </span>USD<span class=\"_ _197\"> </span>-2,550<span class=\"_ _240\"> </span>-2,969<span class=\"_ _107\"> </span>-581<span class=\"_ _107\"> </span>-507<span class=\"_ _240\"> </span>-1,399<span class=\"_ _107\"> </span>-481</div>\n<div class=\"t m8 x1 hc y5f4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _245\"> </span>EUR<span class=\"_ _1ea\"> </span>-3,422<span class=\"_ _240\"> </span>-3,578<span class=\"_ _107\"> </span>-858<span class=\"_ _f9\"> </span>-833<span class=\"_ _240\"> </span>-1,667<span class=\"_ _107\"> </span>-220</div>\n<div class=\"t m8 x1 hc y5f5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _1a\"> </span>SGD<span class=\"_ _a5\"> </span>-66<span class=\"_ _e5\"> </span>-67<span class=\"_ _e5\"> </span>-66<span class=\"_ _eb\"> </span>-1<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0</div>\n<div class=\"t m8 x1 hc y5f6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _1eb\"> </span>INR<span class=\"_ _5c\"> </span>-67<span class=\"_ _e5\"> </span>-72<span class=\"_ _e5\"> </span>-48<span class=\"_ _e5\"> </span>-25<span class=\"_ _de\"> </span>0<span class=\"_ _de\"> </span>0</div>\n<div class=\"t m8 x1 hc y5f7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities ROU</div>\n<div class=\"t m8 x1 hc y5f8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">assets</div>\n<div class=\"t m8 xb3 hc y5f9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">CNY</div>\n<div class=\"t m8 xaf hd y5fa ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-424,812<span class=\"_ _b9\"> </span>-538,463<span class=\"_ _b9\"> </span>-129,364<span class=\"_ _246\"> </span>-59,712<span class=\"_ _b7\"> </span>-142,975<span class=\"_ _b9\"> </span>-206,412</div>\n<div class=\"t m8 x1 hd y5fb ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity</div>\n<div class=\"t m8 x1 hd y5fc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees</div>\n<div class=\"t m8 xb3 hc y5fd ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD<span class=\"_ _a3\"> </span><span class=\"ff2\">40,167<span class=\"_ _f\"> </span>43,774<span class=\"_ _1e6\"> </span>18,683<span class=\"_ _240\"> </span>7,609<span class=\"_ _f\"> </span>17,483<span class=\"_ _1bf\"> </span>0</span></div>\n<div class=\"t m8 x1 hc y5fe ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Financial guarantees<span class=\"_ _db\"> </span><span class=\"ff6\">USD<span class=\"_ _1ed\"> </span></span>0<span class=\"_ _b9\"> </span>-236,918<span class=\"_ _246\"> </span>-37,828<span class=\"_ _b9\"> </span>-124,860<span class=\"_ _246\"> </span>-20,495<span class=\"_ _246\"> </span>-53,734</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 92px; height: 1039px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 92px; height: 1039px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 92px; height: 1039px; 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></div>\n<div class=\"t m0 xe h6 y1d6 ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Fair<span class=\"_ _1\"></span> values</div>\n<div class=\"t m0 xe h2 y7f ff2 fs0 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">C<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>yi<span class=\"_ _4\"></span>ng a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s ve<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>us f<span class=\"_ _4\"></span>ai<span class=\"_ _4\"></span>r va<span class=\"_ _4\"></span>lue<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hd y3be ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _6f\"> </span>2022<span class=\"_ _196\"> </span>2021</div>\n<div class=\"t m8 x2 hd y5ff ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">FV hierarchy</div>\n<div class=\"t m8 x63 hd y600 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Carrying</div>\n<div class=\"t m8 x99 hd y601 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amount</div>\n<div class=\"t m8 x94 hd y5ff ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fair value<span class=\"_ _c9\"> </span>FV hierarchy</div>\n<div class=\"t m8 x17 hd y600 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Carrying</div>\n<div class=\"t m8 x59 hd y601 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amount</div>\n<div class=\"t m8 x91 hd y5ff ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fair value</div>\n<div class=\"t m8 xe hc y602 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity accounted</div>\n<div class=\"t m8 xe hc y603 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">investees</div>\n<div class=\"t m8 xb4 hc y604 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2<span class=\"_ _de\"> </span>7,000<span class=\"_ _df\"> </span>7,000<span class=\"_ _e0\"> </span>2<span class=\"_ _db\"> </span>40,167<span class=\"_ _db\"> </span>39,966</div>\n<div class=\"t m8 xe hc y605 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other investments - equity</div>\n<div class=\"t m8 xe hc y606 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">instruments at FVTLP</div>\n<div class=\"t m8 xb5 hc y607 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">1/2<span class=\"_ _de\"> </span>1,849<span class=\"_ _df\"> </span>1,849<span class=\"_ _1c1\"> </span>1/2<span class=\"_ _df\"> </span>1,849<span class=\"_ _df\"> </span>1,849</div>\n<div class=\"t m8 xe hc y608 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Derivative \ufb01nancial asset<span class=\"_ _222\"> </span>2<span class=\"_ _8e\"> </span>573<span class=\"_ _8e\"> </span>573<span class=\"_ _f3\"> </span>920<span class=\"_ _8e\"> </span>920</div>\n<div class=\"t m8 xe hc y609 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings (excluding lease</div>\n<div class=\"t m8 xe hc y60a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">liabilities)</div>\n<div class=\"t m8 xb4 hc y60b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2<span class=\"_ _107\"> </span>-208,083<span class=\"_ _f9\"> </span>-234,700<span class=\"_ _e0\"> </span>2<span class=\"_ _f9\"> </span>-418,707<span class=\"_ _107\"> </span>-418,720</div>\n<div class=\"t m8 x45 hd y60c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-198,662<span class=\"_ _fe\"> </span>-225,278<span class=\"_ _1f2\"> </span>-375,771<span class=\"_ _fe\"> </span>-375,985</div>\n\n<div class=\"t m8 xe hb y8a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m1a6 x3f hb y8a ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liabi<span class=\"_ _4\"></span>litie<span class=\"_ _4\"></span>s c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>rie<span class=\"_ _4\"></span>d at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue are a<span class=\"_ _4\"></span>naly<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d an<span class=\"_ _4\"></span>d a hier<span class=\"_ _4\"></span>arc<span class=\"_ _4\"></span>hy in va<span class=\"_ _4\"></span>luati<span class=\"_ _4\"></span>on me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>d has b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 x3f hb yd8 ff1 fs9 fc2 sc0 ls25 ws19\" style=\"z-index: 15;\">de<span class=\"_ _4\"></span>\ufb01n<span class=\"_ _4\"></span>ed:<span class=\"_ _4\"></span> </div>\n<div class=\"t m8 xe hb y1d8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Level 1 b<span class=\"_ _4\"></span>ein<span class=\"_ _4\"></span>g quo<span class=\"_ _4\"></span>ted bi<span class=\"_ _4\"></span>d pr<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s in ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ive mar<span class=\"_ _4\"></span>ket<span class=\"_ _4\"></span>s fo<span class=\"_ _4\"></span>r ide<span class=\"_ _4\"></span>ntic<span class=\"_ _4\"></span>al a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s or li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s;</div>\n<div class=\"t m8 xe hb y60d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m1a7 x3f hb y4a ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Level 2 b<span class=\"_ _4\"></span>ein<span class=\"_ _4\"></span>g inp<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s in ot<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>han q<span class=\"_ _4\"></span>uote<span class=\"_ _4\"></span>d pr<span class=\"_ _4\"></span>ices i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d in level 1 t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e obs<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>vab<span class=\"_ _4\"></span>le fo<span class=\"_ _4\"></span>r the re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x3f hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">and l<span class=\"_ _4\"></span>iabil<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s, eit<span class=\"_ _4\"></span>her d<span class=\"_ _4\"></span>irec<span class=\"_ _7\"></span>tly (as p<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ces) or i<span class=\"_ _4\"></span>ndir<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ly (der<span class=\"_ _4\"></span>ive<span class=\"_ _4\"></span>d fr<span class=\"_ _4\"></span>om pr<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>es);</div>\n<div class=\"t m8 xe hb yd1 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Level 3 b<span class=\"_ _4\"></span>ein<span class=\"_ _4\"></span>g inp<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s fo<span class=\"_ _4\"></span>r the a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et or li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y th<span class=\"_ _4\"></span>at are no<span class=\"_ _4\"></span>t bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n obs<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>va<span class=\"_ _4\"></span>ble ma<span class=\"_ _4\"></span>rket d<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>a.</div>\n<div class=\"t m8 xe hb yd2 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e brea<span class=\"_ _4\"></span>kdow<span class=\"_ _4\"></span>n bet<span class=\"_ _7\"></span>wee<span class=\"_ _4\"></span>n level 1 a<span class=\"_ _4\"></span>nd 2 of t<span class=\"_ _4\"></span>he eq<span class=\"_ _4\"></span>uit<span class=\"_ _7\"></span>y ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s at F<span class=\"_ _7\"></span>V<span class=\"_ _4\"></span>TPL is s<span class=\"_ _4\"></span>how<span class=\"_ _4\"></span>n in t<span class=\"_ _4\"></span>he b<span class=\"_ _4\"></span>egin<span class=\"_ _4\"></span>ning of t<span class=\"_ _4\"></span>his n<span class=\"_ _4\"></span>ote.</div>\n<div class=\"t m0 xe h2 y72 ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">Basis for determining<span class=\"_ _3\"></span> fair values:</div>\n<div class=\"t m8 xe hb y4f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m300 x3f hb y4f ff2 fs9 fc2 sc0 ls27 ws22\" style=\"z-index: 15;\">Borrowings<span class=\"_ _3\"></span> to<span class=\"_ _3\"></span> equity account<span class=\"_ _3\"></span>ed in<span class=\"_ _3\"></span>vestees<span class=\"_ _3\"></span>:<span class=\"ff1 ls2 wsf\"> pres<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alu<span class=\"_ _4\"></span>e of fu<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>sh \ufb02<span class=\"_ _4\"></span>ows, d<span class=\"_ _4\"></span>isc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted at t<span class=\"_ _4\"></span>he ma<span class=\"_ _4\"></span>rket r<span class=\"_ _4\"></span>ate </span></div>\n<div class=\"t m8 x3f hb y50 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t at r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing d<span class=\"_ _4\"></span>ate or t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue of t<span class=\"_ _4\"></span>he und<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>lyi<span class=\"_ _4\"></span>ng pl<span class=\"_ _4\"></span>edg<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et</div>\n<div class=\"t m8 xe hb y1d1 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span><span class=\"ff2\">Eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s at F<span class=\"_ _4\"></span>V<span class=\"_ _7\"></span>TPL: </span></div>\n<div class=\"t m8 x1 hb y60e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> <span class=\"_ _247\"></span>-<span class=\"_ _cb\"> </span>Qu<span class=\"_ _4\"></span>ote<span class=\"_ _4\"></span>d clos<span class=\"_ _4\"></span>ing b<span class=\"_ _4\"></span>id pr<span class=\"_ _4\"></span>ice a<span class=\"_ _4\"></span>t rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>ting d<span class=\"_ _4\"></span>ate fo<span class=\"_ _4\"></span>r Fronte<span class=\"_ _4\"></span>ra s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es</div>\n<div class=\"t m8 x1 hb y60f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> <span class=\"_ _247\"></span>-<span class=\"_ _cb\"> </span>No<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>q<span class=\"_ _4\"></span>uote<span class=\"_ _4\"></span>d clo<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>g \ufb01x<span class=\"_ _4\"></span>ing p<span class=\"_ _4\"></span>ric<span class=\"_ _4\"></span>e at rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g date t<span class=\"_ _4\"></span>hro<span class=\"_ _4\"></span>ugh a p<span class=\"_ _4\"></span>ubl<span class=\"_ _4\"></span>ic auc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion v<span class=\"_ _4\"></span>ia Euro<span class=\"_ _4\"></span>nex<span class=\"_ _4\"></span>t fo<span class=\"_ _4\"></span>r Sib<span class=\"_ _4\"></span>elco s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es</div>\n<div class=\"t m8 xe hb y610 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m33b x3f hb y54 ff2 fs9 fc2 sc0 ls2e wsc\" style=\"z-index: 15;\">Forward contrac<span class=\"_ _4\"></span>ts:<span class=\"ff1 ls1c wsf\"> pres<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alu<span class=\"_ _4\"></span>e of the d<span class=\"_ _4\"></span>if<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>nce b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>we<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he for<span class=\"_ _7\"></span>wa<span class=\"_ _4\"></span>rd pr<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>e at rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g date a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>he for<span class=\"ls2 ws2\">-</span></span></div>\n<div class=\"t m8 x3f hb y73 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">war<span class=\"_ _4\"></span>d pr<span class=\"_ _4\"></span>ice p<span class=\"_ _4\"></span>aid</div>\n<div class=\"t m8 xe hb y1d3 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m33c x3f hb y55 ff2 fs9 fc2 sc0 ls35 ws1c\" style=\"z-index: 15;\">Interest bearing loans:<span class=\"ff1 ls19 wsb\"> pres<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alue of f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s, dis<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d at th<span class=\"_ _4\"></span>e mar<span class=\"_ _4\"></span>ket r<span class=\"_ _4\"></span>ate of int<span class=\"_ _4\"></span>eres<span class=\"_ _4\"></span>t at r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"ls2 ws2\">-</span></span></div>\n<div class=\"t m8 x3f hb y56 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ing d<span class=\"_ _4\"></span>ate</div>\n<div class=\"t m2c0 xe hb y57 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">For ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liabi<span class=\"_ _4\"></span>litie<span class=\"_ _4\"></span>s (tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>e an<span class=\"_ _4\"></span>d othe<span class=\"_ _4\"></span>r rec<span class=\"_ _4\"></span>eiv<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>es, c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h and c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h eq<span class=\"_ _4\"></span>uiv<span class=\"_ _4\"></span>alen<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s, tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>e and ot<span class=\"_ _4\"></span>her</div>\n<div class=\"t m188 xe hb y58 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">paya<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s and l<span class=\"_ _4\"></span>ease l<span class=\"_ _4\"></span>iabili<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s) not c<span class=\"_ _4\"></span>arr<span class=\"_ _4\"></span>ie<span class=\"_ _4\"></span>d at fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>e, no fair v<span class=\"_ _4\"></span>alue i<span class=\"_ _4\"></span>s dis<span class=\"_ _4\"></span>clos<span class=\"_ _4\"></span>ed b<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>au<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>he ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _4\"></span>ng amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y59 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">a reas<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>able a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>rox<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>ion of t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ues<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 8%; bottom: 542px; height: 350px; width: 84%; z-index: 7;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 542px; height: 589px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 542px; height: 589px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 542px; height: 589px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 542px; height: 589px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag436": {
   "value": "\n<div><br/></div>\n<div class=\"t m0 x1 h11 y67 ff2 fsb fc3 sc0 ls5a ws64\" style=\"z-index: 15;\">NOT<span class=\"_ _3\"></span>E 3<span class=\"_ _1\"></span>2 - FINANCIAL RIS<span class=\"_ _3\"></span>KS AND FI<span class=\"_ _3\"></span>NANCIAL INSTR<span class=\"_ _3\"></span>UMENTS</div>\n\n<div class=\"t m144 x1 hb y69 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">Du<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g the n<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>mal co<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>se of it<span class=\"_ _4\"></span>s b<span class=\"_ _4\"></span>usi<span class=\"_ _4\"></span>nes<span class=\"_ _4\"></span>s, E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR is ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ose<span class=\"_ _4\"></span>d to var<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>us ri<span class=\"_ _4\"></span>sk<span class=\"_ _4\"></span>s as de<span class=\"_ _4\"></span>sc<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>be<span class=\"_ _4\"></span>d in mor<span class=\"_ _4\"></span>e det<span class=\"_ _4\"></span>ail in t<span class=\"_ _4\"></span>he Co<span class=\"_ _4\"></span>r<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m227 x1 hb y6a ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">po<span class=\"_ _4\"></span>rat<span class=\"_ _4\"></span>e Gover<span class=\"_ _4\"></span>na<span class=\"_ _4\"></span>nce St<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>. E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R is ex<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d to cr<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>t, inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t, c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>y and li<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks a<span class=\"_ _4\"></span>nd in o<span class=\"_ _4\"></span>rde<span class=\"_ _4\"></span>r to</div>\n<div class=\"t m31a x1 hb y7b ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">hed<span class=\"_ _4\"></span>ge t<span class=\"_ _4\"></span>his ex<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>e, EXM<span class=\"_ _4\"></span>AR us<span class=\"_ _4\"></span>es di<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fer<span class=\"_ _4\"></span>ent \ufb01n<span class=\"_ _4\"></span>anci<span class=\"_ _4\"></span>al ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s, m<span class=\"_ _4\"></span>ainly i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t rate h<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ges s<span class=\"_ _4\"></span>itu<span class=\"_ _4\"></span>ated w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>hin our</div>\n<div class=\"t m8 x1 hb y6b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>ccou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es as we<span class=\"_ _4\"></span>ll ais fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y for<span class=\"_ _7\"></span>wa<span class=\"_ _4\"></span>rd co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>.</div>\n<div class=\"t m162 x1 hb y6c ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R ap<span class=\"_ _4\"></span>plie<span class=\"_ _4\"></span>s hed<span class=\"_ _4\"></span>ge ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>g for all h<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ging r<span class=\"_ _4\"></span>elat<span class=\"_ _4\"></span>ions w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h mee<span class=\"_ _4\"></span>t the c<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>diti<span class=\"_ _4\"></span>ons to a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>ly he<span class=\"_ _4\"></span>dge a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ing</div>\n<div class=\"t m31b x1 hb y6d ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">(for<span class=\"_ _4\"></span>ma<span class=\"_ _4\"></span>l doc<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>on an<span class=\"_ _4\"></span>d high e<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tive<span class=\"_ _4\"></span>ne<span class=\"_ _4\"></span>ss at i<span class=\"_ _4\"></span>nce<span class=\"_ _4\"></span>ptio<span class=\"_ _4\"></span>n an<span class=\"_ _4\"></span>d on an o<span class=\"_ _4\"></span>ngo<span class=\"_ _4\"></span>ing b<span class=\"_ _4\"></span>asi<span class=\"_ _4\"></span>s)<span class=\"_ _3\"></span>. Fina<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al ins<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s are re<span class=\"_ _4\"></span>c<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y6e ff1 fs9 fc2 sc0 ls2 ws3b\" style=\"z-index: 15;\">og<span class=\"_ _4\"></span>nise<span class=\"_ _4\"></span>d ini<span class=\"_ _4\"></span>tiall<span class=\"_ _4\"></span>y at fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>e. Sub<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>que<span class=\"_ _4\"></span>nt to ini<span class=\"_ _4\"></span>tial r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnit<span class=\"_ _4\"></span>ion, t<span class=\"_ _4\"></span>he ef<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on of c<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>es in f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue of t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m31c x1 hb y6f ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">\ufb01na<span class=\"_ _4\"></span>ncial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s q<span class=\"_ _4\"></span>ualif<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g for he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ing (i.e. c<span class=\"_ _4\"></span>ash \ufb02<span class=\"_ _4\"></span>ow he<span class=\"_ _4\"></span>dge<span class=\"_ _4\"></span>s), is reco<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n othe<span class=\"_ _4\"></span>r com<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>nsiv<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 x1 hb y70 ff1 fs9 fc2 sc0 ls2 ws1c\" style=\"z-index: 15;\">inc<span class=\"_ _4\"></span>ome. A<span class=\"_ _4\"></span>ny inef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive p<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s in f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue an<span class=\"_ _4\"></span>d cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s in f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue of \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s n<span class=\"_ _4\"></span>ot qua<span class=\"_ _4\"></span>l<span class=\"ws2\">-</span></div>\n<div class=\"t m8 x1 hb y71 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">if<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>ing fo<span class=\"_ _4\"></span>r hed<span class=\"_ _4\"></span>ge a<span class=\"_ _4\"></span>ccou<span class=\"_ _4\"></span>nti<span class=\"_ _4\"></span>ng are re<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>mme<span class=\"_ _4\"></span>diate<span class=\"_ _4\"></span>ly in p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 80px; height: 168px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 80px; height: 201px; width: 90%; z-index: 4;\"><br/></div>\n\n<div></div>\n<div><br/></div>\n\n<div class=\"t m0 xe h2 y42 ff2 fs0 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fair v<span class=\"_ _4\"></span>al<span class=\"_ _4\"></span>ue &amp; f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>al<span class=\"_ _4\"></span>ue hi<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>arc<span class=\"_ _4\"></span>hy</div>\n<div class=\"t m8 xe hb y7e ff1 fs9 fc2 sc0 ls2 ws2c\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e follo<span class=\"_ _4\"></span>wing t<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le s<span class=\"_ _4\"></span>hows \ufb01<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d \ufb01nan<span class=\"_ _4\"></span>cial lia<span class=\"_ _4\"></span>bili<span class=\"_ _4\"></span>ties m<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue, inclu<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g the<span class=\"_ _4\"></span>ir level i<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y52d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>e hier<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>chy<span class=\"_ _3\"></span>.</div>\n<div class=\"t m8 xe hd y590 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 xe hd y591 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2022</div>\n<div class=\"t m8 xa0 hd y592 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Level 1<span class=\"_ _5b\"> </span>Level 2<span class=\"_ _5b\"> </span>Level 3<span class=\"_ _1e4\"> </span>T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 xe hc y593 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Derivative \ufb01nancial asset<span class=\"_ _234\"> </span>0<span class=\"_ _18\"> </span>573<span class=\"_ _15\"> </span>0<span class=\"_ _52\"> </span><span class=\"ff2\">573</span></div>\n<div class=\"t m8 xe hc y594 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity securities - FVTPL<span class=\"_ _18e\"> </span>1,054<span class=\"_ _18\"> </span>795<span class=\"_ _15\"> </span>0<span class=\"_ _126\"> </span><span class=\"ff2\">1,849</span></div>\n<div class=\"t m8 xe hd y595 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal \ufb01nancial assets carried at fair value<span class=\"_ _ae\"> </span>1,054<span class=\"_ _126\"> </span>1,368<span class=\"_ _131\"> </span>0<span class=\"_ _126\"> </span>2,422</div>\n<div class=\"t m8 xe hc y596 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal \ufb01nancial liabilities carried at fair value<span class=\"_ _235\"> </span><span class=\"ff6\">0<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _15\"> </span>0</span></div>\n<div class=\"t m8 xe hd y597 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 xe hd y598 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2021</div>\n<div class=\"t m8 xa0 hd y599 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Level 1<span class=\"_ _5b\"> </span>Level 2<span class=\"_ _5b\"> </span>Level 3<span class=\"_ _1e4\"> </span>T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 xe hc y59a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Derivative \ufb01nancial asset<span class=\"_ _234\"> </span>0<span class=\"_ _18\"> </span>920<span class=\"_ _15\"> </span>0<span class=\"_ _18\"> </span>920</div>\n<div class=\"t m8 xe hc y59b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity securities - FVTPL<span class=\"_ _236\"> </span>938<span class=\"_ _18\"> </span>911<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>1,849</div>\n<div class=\"t m8 xe hd y59c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal \ufb01nancial assets carried at fair value<span class=\"_ _19b\"> </span>938<span class=\"_ _126\"> </span>1,831<span class=\"_ _131\"> </span>0<span class=\"_ _126\"> </span>2,769</div>\n<div class=\"t m8 xe hd y59d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal \ufb01nancial liabilities carried at fair value<span class=\"_ _199\"> </span>0<span class=\"_ _131\"> </span>0<span class=\"_ _131\"> </span>0<span class=\"_ _131\"> </span>0</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 796px; height: 343px; width: 88%; z-index: 5;\"></div>\n\n<div class=\"t m8 xe hb y59e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fina<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>al ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>the<span class=\"_ _4\"></span>r tha<span class=\"_ _4\"></span>n tho<span class=\"_ _4\"></span>se li<span class=\"_ _4\"></span>ste<span class=\"_ _4\"></span>d ab<span class=\"_ _4\"></span>ove are al<span class=\"_ _4\"></span>l meas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at am<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ized c<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>t.</div>\n\n<div><br/></div>\n<div class=\"t m0 xe h6 y4c9 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Credit risk</div>\n<div class=\"t m0 xe h2 y51 ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">Credit risk policy</div>\n<div class=\"t m31d xe hb y52 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p is ex<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d to cre<span class=\"_ _4\"></span>dit r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k fr<span class=\"_ _4\"></span>om it<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ing ac<span class=\"_ _7\"></span>tiv<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s (p<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>mar<span class=\"_ _4\"></span>ily tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>e an<span class=\"_ _4\"></span>d othe<span class=\"_ _4\"></span>r rec<span class=\"_ _4\"></span>eiva<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s and t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1f4 xe hb y53 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ions w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s) and f<span class=\"_ _4\"></span>rom i<span class=\"_ _4\"></span>ts \ufb01<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cing a<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tiv<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>es, inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ing d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>osi<span class=\"_ _4\"></span>ts w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h ban<span class=\"_ _4\"></span>ks, fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 xe hb y54 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">exchange<span class=\"_ _3\"></span> transac<span class=\"_ _4\"></span>tions and other<span class=\"_ _3\"></span> \ufb01nancial<span class=\"_ _1\"></span> ins<span class=\"_ _4\"></span>trument<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m31e xe hb y73 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Cre<span class=\"_ _4\"></span>dit r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k is mo<span class=\"_ _4\"></span>nito<span class=\"_ _4\"></span>red c<span class=\"_ _4\"></span>los<span class=\"_ _4\"></span>ely a<span class=\"_ _4\"></span>nd by ea<span class=\"_ _4\"></span>ch s<span class=\"_ _4\"></span>egm<span class=\"_ _4\"></span>ent o<span class=\"_ _4\"></span>n an o<span class=\"_ _4\"></span>ngoi<span class=\"_ _4\"></span>ng ba<span class=\"_ _4\"></span>sis by t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up a<span class=\"_ _4\"></span>nd cr<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>wor<span class=\"_ _7\"></span>th<span class=\"_ _4\"></span>ine<span class=\"_ _4\"></span>ss co<span class=\"_ _4\"></span>n<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y55 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">tro<span class=\"_ _4\"></span>ls are c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ied o<span class=\"_ _4\"></span>ut i<span class=\"_ _4\"></span>f dee<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>d nece<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>sar<span class=\"_ _7\"></span>y<span class=\"_ _3\"></span>.</div>\n<div class=\"t m31f xe hb y57 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e bor<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s to eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es co<span class=\"_ _4\"></span>nsis<span class=\"_ _4\"></span>t of s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>hol<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>r loan<span class=\"_ _4\"></span>s to our e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted inve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tees t<span class=\"_ _4\"></span>hat</div>\n<div class=\"t m320 xe hb y58 ff1 fs9 fc2 sc0 ls15 wsf\" style=\"z-index: 15;\">ow<span class=\"_ _4\"></span>n or op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ate a<span class=\"_ _4\"></span>n LPG ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>el or O<span class=\"_ _4\"></span>f<span class=\"_ _7\"></span>fs<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>re plat<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>m. A<span class=\"_ _4\"></span>s all ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>els a<span class=\"_ _4\"></span>re op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>onal a<span class=\"_ _4\"></span>nd ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>e inco<span class=\"_ _4\"></span>me or a<span class=\"_ _4\"></span>re</div>\n<div class=\"t m321 xe hb y59 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">ple<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>ed as a s<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y fo<span class=\"_ _4\"></span>r the u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>lyin<span class=\"_ _4\"></span>g bo<span class=\"_ _4\"></span>rro<span class=\"_ _4\"></span>win<span class=\"_ _4\"></span>g, we do no<span class=\"_ _4\"></span>t anti<span class=\"_ _4\"></span>cip<span class=\"_ _4\"></span>ate any re<span class=\"_ _4\"></span>cover<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y i<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ues f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e ou<span class=\"_ _4\"></span>ts<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>d<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m322 xe hb y5a ff1 fs9 fc2 sc0 ls16 wsf\" style=\"z-index: 15;\">ing b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s (af<span class=\"_ _4\"></span>ter i<span class=\"_ _4\"></span>mpai<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>) to eq<span class=\"_ _4\"></span>uit<span class=\"_ _7\"></span>y acco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ees<span class=\"_ _4\"></span>. Th<span class=\"_ _4\"></span>e equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s for w<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>m the</div>\n<div class=\"t m323 xe hb y5b ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">sha<span class=\"_ _4\"></span>re in t<span class=\"_ _4\"></span>he ne<span class=\"_ _4\"></span>t as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>s neg<span class=\"_ _4\"></span>ative, are a<span class=\"_ _4\"></span>lloc<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d to ot<span class=\"_ _4\"></span>her c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s (mai<span class=\"_ _4\"></span>nly d<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d fro<span class=\"_ _4\"></span>m re<span class=\"_ _4\"></span>ceiv<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>es) of t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m324 xe hb y5c ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">inves<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>\u2019<span class=\"_ _3\"></span>s inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t in t<span class=\"_ _4\"></span>he e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tee an<span class=\"_ _4\"></span>d if t<span class=\"_ _4\"></span>he ne<span class=\"_ _4\"></span>gati<span class=\"_ _4\"></span>ve net a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et exc<span class=\"_ _4\"></span>eed<span class=\"_ _4\"></span>s th<span class=\"_ _4\"></span>e inves<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>\u2019<span class=\"_ _3\"></span>s inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t, a</div>\n<div class=\"t m325 xe hb y5d ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">cor<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ond<span class=\"_ _4\"></span>ing lia<span class=\"_ _4\"></span>bili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nized t<span class=\"_ _4\"></span>o the ex<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ent t<span class=\"_ _4\"></span>hat th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up has a l<span class=\"_ _4\"></span>egal o<span class=\"_ _4\"></span>r con<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve ob<span class=\"_ _4\"></span>ligat<span class=\"_ _4\"></span>ion. T<span class=\"_ _4\"></span>he ter<span class=\"_ _4\"></span>ms</div>\n<div class=\"t m8 xe hb y5e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e sha<span class=\"_ _4\"></span>reh<span class=\"_ _4\"></span>old<span class=\"_ _4\"></span>er loa<span class=\"_ _4\"></span>ns ar<span class=\"_ _4\"></span>e dis<span class=\"_ _4\"></span>cus<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ed in N<span class=\"_ _4\"></span>ote 1<span class=\"_ _1\"></span>9 B<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs t<span class=\"_ _4\"></span>o equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s of thi<span class=\"_ _4\"></span>s ann<span class=\"_ _4\"></span>ual re<span class=\"_ _4\"></span>por<span class=\"_ _7\"></span>t.</div>\n<div class=\"t m326 xe hb y5f ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p onl<span class=\"_ _4\"></span>y eng<span class=\"_ _4\"></span>age<span class=\"_ _4\"></span>s wit<span class=\"_ _4\"></span>h ban<span class=\"_ _4\"></span>ks w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h a goo<span class=\"_ _4\"></span>d cr<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>t ra<span class=\"_ _4\"></span>ting. T<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup m<span class=\"_ _4\"></span>oni<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d manag<span class=\"_ _4\"></span>es ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>osu<span class=\"_ _4\"></span>res to</div>\n<div class=\"t m8 xe hb y60 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ban<span class=\"_ _4\"></span>ks w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h app<span class=\"_ _4\"></span>rove<span class=\"_ _4\"></span>d cou<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y c<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>it limi<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s and c<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>dit r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k par<span class=\"_ _4\"></span>am<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>s in o<span class=\"_ _4\"></span>rde<span class=\"_ _4\"></span>r to mit<span class=\"_ _4\"></span>igate t<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>isk o<span class=\"_ _4\"></span>f def<span class=\"_ _4\"></span>aul<span class=\"_ _4\"></span>t.</div>\n<div class=\"t m0 xe h2 y76 ff2 fs0 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>ure t<span class=\"_ _4\"></span>o ris<span class=\"_ _4\"></span>k</div>\n<div class=\"t m8 xe hd y59f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y5a0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity accounted investees<span class=\"_ _178\"> </span>7,000<span class=\"_ _1cc\"> </span>40,167</div>\n<div class=\"t m8 xe hc y5a1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Derivative \ufb01nancial assets<span class=\"_ _24\"> </span>573<span class=\"_ _25\"> </span>920</div>\n<div class=\"t m8 xe hc y5a2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other investments - equity instruments at FVTPL<span class=\"_ _237\"> </span>1,849<span class=\"_ _15\"> </span>1,849</div>\n<div class=\"t m8 xe hc y5a3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other r<span class=\"_ _3\"></span>eceivables (see Note 24)<span class=\"_ _1b7\"> </span>59,778<span class=\"_ _1cc\"> </span>48,534</div>\n<div class=\"t m8 xe hc y5a4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Restricted cash<span class=\"_ _238\"> </span>0<span class=\"_ _1a\"> </span>76,121</div>\n<div class=\"t m8 xe hc y5a5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash and cash equivalents<span class=\"_ _239\"> </span>519,553<span class=\"_ _1a\"> </span>71,130</div>\n<div class=\"t m8 xe hd y5a6 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Carrying amount of \ufb01nancial assets<span class=\"_ _23a\"> </span>588,753<span class=\"_ _d\"> </span>238,721</div>\n<div class=\"t m8 xe hb y6b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e car<span class=\"_ _4\"></span>r<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s of t<span class=\"_ _4\"></span>he \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s r<span class=\"_ _4\"></span>epr<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>nt t<span class=\"_ _4\"></span>he ma<span class=\"_ _4\"></span>xim<span class=\"_ _4\"></span>um c<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>it ex<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>e.</div>\n\n<div></div>\n\n<div class=\"t m0 xe h2 y6d ff2 fs0 fc2 sc0 ls2c ws1e\" style=\"z-index: 15;\">Impairment l<span class=\"_ _3\"></span>osses</div>\n<div class=\"t m8 xe hb y6e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s pas<span class=\"_ _4\"></span>t d<span class=\"_ _4\"></span>ue ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ding r<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>ble b<span class=\"_ _4\"></span>alanc<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e imma<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>ial, no age<span class=\"_ _4\"></span>ing an<span class=\"_ _4\"></span>aly<span class=\"_ _4\"></span>sis is d<span class=\"_ _4\"></span>isc<span class=\"_ _4\"></span>los<span class=\"_ _4\"></span>ed.</div>\n<div class=\"t m36 xe hb y6f ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">At year-<span class=\"_ _4\"></span>end 2<span class=\"_ _4\"></span>022, we rec<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>ir<span class=\"_ _4\"></span>ment c<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>ges f<span class=\"_ _4\"></span>or b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs t<span class=\"_ _4\"></span>o and t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>de re<span class=\"_ _4\"></span>cei<span class=\"_ _4\"></span>vab<span class=\"_ _4\"></span>le ba<span class=\"_ _4\"></span>lanc<span class=\"_ _4\"></span>es f<span class=\"_ _4\"></span>rom e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y</div>\n<div class=\"t m327 xe hb y70 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ees fo<span class=\"_ _4\"></span>r a tot<span class=\"_ _4\"></span>al amo<span class=\"_ _4\"></span>unt of US<span class=\"_ _4\"></span>D 1<span class=\"_ _2\"></span>1.2 millio<span class=\"_ _4\"></span>n and US<span class=\"_ _4\"></span>D 2.3 millio<span class=\"_ _4\"></span>n imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt cha<span class=\"_ _4\"></span>rge<span class=\"_ _4\"></span>s on ot<span class=\"_ _4\"></span>her (no<span class=\"_ _4\"></span>n-</div>\n<div class=\"t m8 xe hb y71 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">trad<span class=\"_ _4\"></span>e)<span class=\"_ _3\"></span> third par<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y receivable balances.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 8%; bottom: 80px; height: 86px; width: 84%; z-index: 7;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 80px; height: 86px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 80px; height: 655px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 80px; height: 1059px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x1 h6 y1d6 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Interest risk</div>\n\n<div class=\"t m0 x1 h2 y7f ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">Interest risk policy</div>\n<div class=\"t m328 x1 hb y43 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t-b<span class=\"_ _4\"></span>ear<span class=\"_ _4\"></span>ing lo<span class=\"_ _4\"></span>ans ar<span class=\"_ _4\"></span>e mainl<span class=\"_ _4\"></span>y neg<span class=\"_ _4\"></span>otiat<span class=\"_ _4\"></span>ed wi<span class=\"_ _4\"></span>th v<span class=\"_ _4\"></span>ari<span class=\"_ _4\"></span>able i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ra<span class=\"_ _4\"></span>tes. I<span class=\"_ _4\"></span>n ord<span class=\"_ _4\"></span>er to mo<span class=\"_ _4\"></span>nito<span class=\"_ _4\"></span>r thi<span class=\"_ _4\"></span>s inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ri<span class=\"_ _4\"></span>sk<span class=\"_ _4\"></span>,</div>\n<div class=\"t m271 x1 hb y80 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p makes u<span class=\"_ _4\"></span>se of in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>st h<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>ging i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s availa<span class=\"_ _4\"></span>ble o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e mar<span class=\"_ _4\"></span>ket whe<span class=\"_ _4\"></span>n man<span class=\"_ _4\"></span>age<span class=\"_ _4\"></span>ment i<span class=\"_ _4\"></span>s of the o<span class=\"_ _4\"></span>pin<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y81 ff1 fs9 fc2 sc0 ls2 ws19\" style=\"z-index: 15;\">ion t<span class=\"_ _4\"></span>hat i<span class=\"_ _4\"></span>t is favo<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ble to d<span class=\"_ _4\"></span>o so. Fo<span class=\"_ _4\"></span>r the m<span class=\"_ _4\"></span>ome<span class=\"_ _4\"></span>nt, no i<span class=\"_ _4\"></span>ntere<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t rat<span class=\"_ _4\"></span>e sw<span class=\"_ _4\"></span>aps ex<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t wi<span class=\"_ _4\"></span>thi<span class=\"_ _4\"></span>n our s<span class=\"_ _4\"></span>ubs<span class=\"_ _4\"></span>idia<span class=\"_ _4\"></span>rie<span class=\"_ _4\"></span>s. O<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e othe<span class=\"_ _4\"></span>r</div>\n<div class=\"t mce x1 hb y82 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">han<span class=\"_ _4\"></span>d, dif<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>t inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ra<span class=\"_ _4\"></span>te sw<span class=\"_ _4\"></span>aps ex<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>t wi<span class=\"_ _4\"></span>thin o<span class=\"_ _4\"></span>ur e<span class=\"_ _4\"></span>quit<span class=\"_ _7\"></span>y acco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es. T<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup a<span class=\"_ _4\"></span>ppli<span class=\"_ _4\"></span>es he<span class=\"_ _4\"></span>dge a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unt</div>\n<div class=\"t m1c x14 hb y82 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y83 ff1 fs9 fc2 sc0 ls2 ws12\" style=\"z-index: 15;\">ing w<span class=\"_ _4\"></span>hen t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>itio<span class=\"_ _4\"></span>ns to ap<span class=\"_ _4\"></span>pl<span class=\"_ _4\"></span>y hed<span class=\"_ _4\"></span>ge ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>ntin<span class=\"_ _4\"></span>g are me<span class=\"_ _4\"></span>t. In c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>e no he<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>e acco<span class=\"_ _4\"></span>unti<span class=\"_ _4\"></span>ng is a<span class=\"_ _4\"></span>ppl<span class=\"_ _4\"></span>ied, t<span class=\"_ _4\"></span>he cha<span class=\"_ _4\"></span>nge<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x1 hb y20b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">in f<span class=\"_ _4\"></span>air va<span class=\"_ _4\"></span>lue are r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>rde<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>tem<span class=\"_ _4\"></span>ent of p<span class=\"_ _4\"></span>ro\ufb01t o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 987px; height: 119px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x1 h2 y86 ff2 fs0 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>ure t<span class=\"_ _4\"></span>o ris<span class=\"_ _4\"></span>k</div>\n<div class=\"t m8 x1 hd y5a7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y5a8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal borrowings (excluding lease liabilities)<span class=\"_ _19d\"> </span>208,083<span class=\"_ _18\"> </span>418,707</div>\n<div class=\"t m8 x1f hc y5a9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">with \ufb01xed interest rate<span class=\"_ _239\"> </span>154,669<span class=\"_ _18\"> </span>173,079</div>\n<div class=\"t m8 x1f hc y5aa ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">with variable interest rate<span class=\"_ _53\"> </span>53,414<span class=\"_ _18\"> </span>245,628</div>\n<div class=\"t m8 x1 hd y5ab ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net exposure\u2005<span class=\"_ _b5\"> </span>53,414<span class=\"_ _d\"> </span>245,628</div>\n<div class=\"t m2bb x1 hb y4c ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt of v<span class=\"_ _4\"></span>ari<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>e inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate bo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs d<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>ed s<span class=\"_ _4\"></span>igni<span class=\"_ _4\"></span>\ufb01c<span class=\"_ _4\"></span>antl<span class=\"_ _4\"></span>y du<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g 2022 as a r<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>ult of t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>pay<span class=\"_ _4\"></span>ment o<span class=\"_ _4\"></span>f</div>\n<div class=\"t m2d0 x1 hb y4d ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e NOK un<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>cure<span class=\"_ _4\"></span>d bo<span class=\"_ _4\"></span>nd a<span class=\"_ _4\"></span>nd th<span class=\"_ _4\"></span>e Bank o<span class=\"_ _4\"></span>f China c<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>dit f<span class=\"_ _4\"></span>acil<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y (se<span class=\"_ _4\"></span>e Note 28 Bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owin<span class=\"_ _4\"></span>gs), wit<span class=\"_ _4\"></span>h out<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>and<span class=\"_ _4\"></span>ing b<span class=\"_ _4\"></span>alanc<span class=\"_ _4\"></span>es</div>\n<div class=\"t m8 x1 hb y4e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of USD 71<span class=\"_ _1\"></span>.3 millio<span class=\"_ _4\"></span>n an<span class=\"_ _4\"></span>d USD 1<span class=\"_ _1\"></span>29<span class=\"_ _1\"></span>.<span class=\"_ _4\"></span>3 millio<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>vely at ye<span class=\"_ _4\"></span>ar-en<span class=\"_ _4\"></span>d 2021<span class=\"_ _1\"></span>.</div>\n<div class=\"t m0 x1 h2 y4f ff2 fs0 fc2 sc0 ls39 ws35\" style=\"z-index: 15;\">Sensitivit<span class=\"_ _4\"></span>y analysis</div>\n<div class=\"t m329 x1 hb y50 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">In c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>e the i<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t ra<span class=\"_ _4\"></span>te wou<span class=\"_ _4\"></span>ld in<span class=\"_ _4\"></span>crea<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>/<span class=\"_ _1\"></span>d<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e wit<span class=\"_ _4\"></span>h 50 b<span class=\"_ _4\"></span>asi<span class=\"_ _4\"></span>s poi<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s, the \ufb01<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s w<span class=\"_ _4\"></span>ould b<span class=\"_ _4\"></span>e im<span class=\"_ _4\"></span>pac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m8 x1 hb y51 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">wit<span class=\"_ _4\"></span>h th<span class=\"_ _4\"></span>e follo<span class=\"_ _4\"></span>win<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s (as<span class=\"_ _4\"></span>sum<span class=\"_ _4\"></span>ing t<span class=\"_ _4\"></span>hat all ot<span class=\"_ _4\"></span>her v<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>iabl<span class=\"_ _4\"></span>es re<span class=\"_ _4\"></span>main u<span class=\"_ _4\"></span>nch<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>):</div>\n<div class=\"t m8 x1 hd y5ac ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _61\"> </span>2022<span class=\"_ _190\"> </span>2021</div>\n<div class=\"t m8 xa1 hd y5ad ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">+ 50 bp<span class=\"_ _5b\"> </span>- 50 bp<span class=\"_ _ac\"> </span>+ 50 bp<span class=\"_ _5b\"> </span>- 50 bp</div>\n<div class=\"t m8 x1 hc y5ae ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">V<span class=\"_ _1\"></span>ariable interest rate borrowings<span class=\"_ _ad\"> </span>267<span class=\"_ _64\"> </span>-267<span class=\"_ _7a\"> </span>1,228<span class=\"_ _126\"> </span>-1,228</div>\n<div class=\"t m8 x1 hc y5af ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest rate swaps and cr<span class=\"_ _3\"></span>oss-currency rate swaps<span class=\"_ _23b\"> </span>0<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m8 x1 hd y5b0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Sensitivity (net), of which<span class=\"_ _d2\"> </span>267<span class=\"_ _23c\"> </span>-267<span class=\"_ _126\"> </span>1,228<span class=\"_ _a0\"> </span>-1,228</div>\n<div class=\"t m8 x1f hc y5b1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impact in pro\ufb01t and loss<span class=\"_ _23d\"> </span>267<span class=\"_ _1a7\"> </span>-267<span class=\"_ _7a\"> </span>1,228<span class=\"_ _126\"> </span>-1,228</div>\n<div class=\"t m8 x1f hc y5b2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Impact in equity\u2005<span class=\"_ _23e\"> </span>0<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m32a x1 hb ya3 ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">A sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>t por<span class=\"_ _7\"></span>tio<span class=\"_ _4\"></span>n of E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR<span class=\"_ _4\"></span>\u2019s intere<span class=\"_ _4\"></span>st i<span class=\"_ _4\"></span>nco<span class=\"_ _4\"></span>me is d<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ived f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m bor<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>win<span class=\"_ _4\"></span>gs to e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tees w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h</div>\n<div class=\"t m11c x1 hb ya4 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">var<span class=\"_ _4\"></span>iab<span class=\"_ _4\"></span>le int<span class=\"_ _4\"></span>eres<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>s. A<span class=\"_ _4\"></span>ny inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e/decr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e in th<span class=\"_ _4\"></span>e inter<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>t r<span class=\"_ _4\"></span>ate wo<span class=\"_ _4\"></span>uld re<span class=\"_ _4\"></span>sul<span class=\"_ _4\"></span>t in an in<span class=\"_ _4\"></span>cre<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>/<span class=\"_ _1\"></span>d<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e of int<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>st</div>\n<div class=\"t m32b x1 hb ya5 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">inc<span class=\"_ _4\"></span>ome b<span class=\"_ _4\"></span>ut wo<span class=\"_ _4\"></span>uld mai<span class=\"_ _4\"></span>nly b<span class=\"_ _4\"></span>e of<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>set b<span class=\"_ _4\"></span>y an inc<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e/ d<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e in th<span class=\"_ _4\"></span>e inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse r<span class=\"_ _4\"></span>eco<span class=\"_ _4\"></span>gnize<span class=\"_ _4\"></span>d by th<span class=\"_ _4\"></span>e eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m32c x1 hb ya6 ff1 fs9 fc2 sc0 ls24 wsc\" style=\"z-index: 15;\">cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee f<span class=\"_ _4\"></span>or a cor<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>ding a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt. Ac<span class=\"_ _4\"></span>cord<span class=\"_ _4\"></span>ingl<span class=\"_ _4\"></span>y<span class=\"_ _1\"></span>, any i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>ease<span class=\"_ _4\"></span>/<span class=\"_ _3\"></span>dec<span class=\"_ _4\"></span>reas<span class=\"_ _4\"></span>e in t<span class=\"_ _4\"></span>he va<span class=\"_ _4\"></span>ria<span class=\"_ _4\"></span>ble in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>st r<span class=\"_ _4\"></span>ate a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>lied</div>\n<div class=\"t m8 x1 hb ya7 ff1 fs9 fc2 sc0 ls2 ws2d\" style=\"z-index: 15;\">on t<span class=\"_ _4\"></span>he bo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs to e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s woul<span class=\"_ _4\"></span>d have no im<span class=\"_ _4\"></span>pac<span class=\"_ _7\"></span>t on t<span class=\"_ _4\"></span>he net r<span class=\"_ _4\"></span>esu<span class=\"_ _4\"></span>lt of t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up. Th<span class=\"_ _4\"></span>eref<span class=\"_ _4\"></span>ore,</div>\n<div class=\"t m8 x1 hb y580 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owin<span class=\"_ _4\"></span>gs to e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ees h<span class=\"_ _4\"></span>ave not be<span class=\"_ _4\"></span>en i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d in th<span class=\"_ _4\"></span>e ab<span class=\"_ _4\"></span>ove sen<span class=\"_ _4\"></span>sit<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y anal<span class=\"_ _4\"></span>ys<span class=\"_ _4\"></span>is.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 410px; height: 721px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 410px; height: 721px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 xe h6 y1d6 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Currenc<span class=\"_ _4\"></span>y risk</div>\n<div class=\"t m8 xe hb y7f ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>\u2019s cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k is his<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>ally m<span class=\"_ _4\"></span>ainl<span class=\"_ _4\"></span>y af<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>ted b<span class=\"_ _4\"></span>y the EUR<span class=\"_ _7\"></span>/USD r<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>o for ma<span class=\"_ _4\"></span>nnin<span class=\"_ _4\"></span>g it<span class=\"_ _4\"></span>s \ufb02ee<span class=\"_ _4\"></span>t, pay<span class=\"_ _4\"></span>ing s<span class=\"_ _4\"></span>alar<span class=\"_ _4\"></span>ies</div>\n<div class=\"t m8 xe hb y1fa ff1 fs9 fc2 sc0 ls2 ws55\" style=\"z-index: 15;\">and a<span class=\"_ _4\"></span>ll oth<span class=\"_ _4\"></span>er pe<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>nel re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d exp<span class=\"_ _4\"></span>en<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s and s<span class=\"_ _4\"></span>ince N<span class=\"_ _4\"></span>ovemb<span class=\"_ _4\"></span>er 20<span class=\"_ _4\"></span>22 als<span class=\"_ _4\"></span>o for t<span class=\"_ _4\"></span>he Bex<span class=\"_ _4\"></span>co ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ivi<span class=\"_ _4\"></span>ties (s<span class=\"_ _4\"></span>ee No<span class=\"_ _4\"></span>te 5 Bus<span class=\"_ _4\"></span>i</div>\n<div class=\"t m8 x3d hb y43 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m32d xe hb y80 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">nes<span class=\"_ _4\"></span>s co<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>inat<span class=\"_ _4\"></span>ions a<span class=\"_ _4\"></span>nd ot<span class=\"_ _4\"></span>her s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>e tr<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s), which a<span class=\"_ _4\"></span>re ex<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d in EUR<span class=\"_ _4\"></span>. In ord<span class=\"_ _4\"></span>er to m<span class=\"_ _4\"></span>oni<span class=\"_ _4\"></span>tor t<span class=\"_ _4\"></span>he cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k,</div>\n<div class=\"t m8 xe hb y81 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p us<span class=\"_ _4\"></span>es a r<span class=\"_ _4\"></span>ang<span class=\"_ _4\"></span>e of fore<span class=\"_ _4\"></span>ign c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ren<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>y rat<span class=\"_ _4\"></span>e hed<span class=\"_ _4\"></span>ging i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d for<span class=\"_ _7\"></span>wa<span class=\"_ _4\"></span>rd co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s if d<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>d nece<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>sar<span class=\"_ _7\"></span>y<span class=\"_ _3\"></span>.</div>\n<div class=\"t m168 xe hb y82 ff1 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">At year-<span class=\"_ _4\"></span>end 20<span class=\"_ _4\"></span>22, EX<span class=\"_ _4\"></span>MAR p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>ed US<span class=\"_ _4\"></span>D 1<span class=\"_ _1\"></span>3.8 millio<span class=\"_ _4\"></span>n for<span class=\"_ _7\"></span>war<span class=\"_ _4\"></span>ds, w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h res<span class=\"_ _4\"></span>ulte<span class=\"_ _4\"></span>d in a f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue gai<span class=\"_ _4\"></span>n of USD 1<span class=\"_ _3\"></span>.<span class=\"_ _2\"></span>1 m<span class=\"_ _4\"></span>illion.</div>\n<div class=\"t m8 xe hb y83 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s per D<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2021<span class=\"_ _1\"></span>, no \ufb01na<span class=\"_ _4\"></span>ncial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>um<span class=\"_ _4\"></span>ent co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _7\"></span>t<span class=\"_ _4\"></span>s were o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>and<span class=\"_ _4\"></span>ing to cove<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>e EUR<span class=\"_ _4\"></span>/US<span class=\"_ _4\"></span>D<span class=\"_ _1\"></span>.</div>\n<div class=\"t m8 xe hb y20b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">At year-<span class=\"_ _4\"></span>end 20<span class=\"_ _4\"></span>22, EX<span class=\"_ _4\"></span>MAR h<span class=\"_ _4\"></span>ad als<span class=\"_ _4\"></span>o pu<span class=\"_ _4\"></span>rch<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d EUR 75.6 million d<span class=\"_ _4\"></span>aily s<span class=\"_ _4\"></span>wap<span class=\"_ _4\"></span>s for US<span class=\"_ _4\"></span>D 80.6 mil<span class=\"_ _4\"></span>lion.</div>\n<div class=\"t m32e xe hb y85 ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">In pr<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>r year<span class=\"_ _4\"></span>s and u<span class=\"_ _4\"></span>ntil m<span class=\"_ _4\"></span>atur<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y o<span class=\"_ _4\"></span>f the u<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>red N<span class=\"_ _4\"></span>OK 650.0 milli<span class=\"_ _4\"></span>on in M<span class=\"_ _4\"></span>ay 2022, the g<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p als<span class=\"_ _4\"></span>o clo<span class=\"_ _4\"></span>sel<span class=\"_ _4\"></span>y moni<span class=\"_ _4\"></span>tore<span class=\"_ _4\"></span>d</div>\n<div class=\"t m32f xe hb y86 ff1 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e NOK<span class=\"_ _7\"></span>/USD evo<span class=\"_ _4\"></span>luti<span class=\"_ _4\"></span>on an<span class=\"_ _4\"></span>d pur<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d for<span class=\"_ _7\"></span>war<span class=\"_ _4\"></span>d cont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s to cove<span class=\"_ _4\"></span>r the r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k. En<span class=\"_ _4\"></span>d 2021<span class=\"_ _1\"></span>, EX<span class=\"_ _4\"></span>MAR p<span class=\"_ _4\"></span>urc<span class=\"_ _4\"></span>has<span class=\"_ _4\"></span>ed N<span class=\"_ _4\"></span>OK 240.0</div>\n<div class=\"t m330 xe hb y87 ff1 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">millio<span class=\"_ _4\"></span>n for<span class=\"_ _7\"></span>war<span class=\"_ _4\"></span>ds fo<span class=\"_ _4\"></span>r USD 26.3 milli<span class=\"_ _4\"></span>on, whi<span class=\"_ _4\"></span>ch re<span class=\"_ _4\"></span>sult<span class=\"_ _4\"></span>ed in a f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>alue g<span class=\"_ _4\"></span>ain of USD 0.<span class=\"_ _3\"></span>9 millio<span class=\"_ _4\"></span>n, however i<span class=\"_ _4\"></span>n 2022 a lo<span class=\"_ _4\"></span>ss o<span class=\"_ _4\"></span>f</div>\n<div class=\"t m331 xe hb y8c ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">USD 2.6 milli<span class=\"_ _4\"></span>on wa<span class=\"_ _4\"></span>s reali<span class=\"_ _4\"></span>zed o<span class=\"_ _4\"></span>n the s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>lem<span class=\"_ _4\"></span>ent of t<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e for<span class=\"_ _7\"></span>wa<span class=\"_ _4\"></span>rds, b<span class=\"_ _4\"></span>ut w<span class=\"_ _4\"></span>as of<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et by t<span class=\"_ _4\"></span>he reali<span class=\"_ _4\"></span>zed fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n exc<span class=\"_ _4\"></span>hang<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y88 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">gain u<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>n rep<span class=\"_ _4\"></span>aym<span class=\"_ _4\"></span>ent of t<span class=\"_ _4\"></span>he b<span class=\"_ _4\"></span>ond (s<span class=\"_ _4\"></span>ee No<span class=\"_ _4\"></span>te 1<span class=\"_ _1\"></span>2 Fi<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>e inco<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>/<span class=\"_ _1\"></span>ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>es an<span class=\"_ _4\"></span>d Note 28 Bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owi<span class=\"_ _4\"></span>ngs).</div>\n<div class=\"t m0 xe h2 y8a ff2 fs0 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>ure t<span class=\"_ _4\"></span>o ris<span class=\"_ _4\"></span>k</div>\n<div class=\"t m8 xe hb yd8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>ure to c<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nc<span class=\"_ _4\"></span>y ri<span class=\"_ _4\"></span>sk<span class=\"_ _4\"></span>, bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n notio<span class=\"_ _4\"></span>nal a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s in th<span class=\"_ _4\"></span>ous<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ds of f<span class=\"_ _4\"></span>oreig<span class=\"_ _4\"></span>n cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y:</div>\n<div class=\"t m8 xe hd y5b3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of local</div>\n<div class=\"t m8 xe hd y5b4 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">currency)</div>\n<div class=\"t m8 x94 hd y5b5 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _9f\"> </span>2021</div>\n<div class=\"t m8 xa2 hd y5b6 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EUR<span class=\"_ _137\"> </span>NOK<span class=\"_ _8b\"> </span>XAF<span class=\"_ _8b\"> </span>ARS<span class=\"_ _23f\"> </span>EUR<span class=\"_ _137\"> </span>NOK<span class=\"_ _e5\"> </span>SGD<span class=\"_ _8b\"> </span>ARS</div>\n<div class=\"t m8 xe hc y5b7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Receivables<span class=\"_ _170\"> </span>12,435<span class=\"_ _137\"> </span>1,899<span class=\"_ _1de\"> </span>434,754<span class=\"_ _240\"> </span>225,083<span class=\"_ _137\"> </span>5,845<span class=\"_ _8a\"> </span>55<span class=\"_ _8a\"> </span>27<span class=\"_ _240\"> </span>199,458</div>\n<div class=\"t m8 xe hc y5b8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Payables<span class=\"_ _1f2\"> </span>-16,083<span class=\"_ _7a\"> </span>0<span class=\"_ _1c7\"> </span>-12,801<span class=\"_ _1c7\"> </span>-37,564<span class=\"_ _1c7\"> </span>-10,453<span class=\"_ _1cd\"> </span>-7,636<span class=\"_ _ac\"> </span>-106<span class=\"_ _1c7\"> </span>-30,640</div>\n<div class=\"t m8 xe hc y5b9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest-bearing loans<span class=\"_ _216\"> </span>0<span class=\"_ _7a\"> </span>0<span class=\"_ _7a\"> </span>0<span class=\"_ _7a\"> </span>0<span class=\"_ _7a\"> </span>0<span class=\"_ _1ca\"> </span>-625,391<span class=\"_ _7a\"> </span>0<span class=\"_ _7a\"> </span>0</div>\n<div class=\"t m8 xe hd y5ba ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Balance sheet</div>\n<div class=\"t m8 xe hd y5bb ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">exposure\u2005</div>\n<div class=\"t m8 xa3 hd y5bc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-3,648<span class=\"_ _1cd\"> </span>1,899<span class=\"_ _1c3\"> </span>421,953<span class=\"_ _1c3\"> </span>187,519<span class=\"_ _1d7\"> </span>-4,608<span class=\"_ _1d0\"> </span>-632,972<span class=\"_ _1a2\"> </span>-79<span class=\"_ _241\"> </span>168,818</div>\n<div class=\"t m8 xe hc y5bd ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Forward contracts<span class=\"_ _242\"> </span>240,000</div>\n<div class=\"t m8 xe hd y5be ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Net exposure<span class=\"_ _131\"> </span>-3,648<span class=\"_ _1cd\"> </span>1,899<span class=\"_ _1c3\"> </span>421,953<span class=\"_ _241\"> </span>187,519<span class=\"_ _1e5\"> </span>-4,608<span class=\"_ _1d0\"> </span>-392,972<span class=\"_ _5b\"> </span>-79<span class=\"_ _1c3\"> </span>168,818</div>\n<div class=\"t m8 xe hc y5bf ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">In thousands of USD<span class=\"_ _a0\"> </span>-3,891<span class=\"_ _5b\"> </span>193<span class=\"_ _eb\"> </span>686<span class=\"_ _137\"> </span>1,059<span class=\"_ _107\"> </span>-5,219<span class=\"_ _1c7\"> </span>-44,558<span class=\"_ _14d\"> </span>-59<span class=\"_ _137\"> </span>1,643</div>\n<div class=\"t m332 xe hb y55 ff1 fs9 fc2 sc0 ls25 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e above ove<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>iew re<span class=\"_ _4\"></span>\ufb02ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>su<span class=\"_ _4\"></span>re for t<span class=\"_ _4\"></span>he to<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>4 cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ks<span class=\"_ _4\"></span>. As t<span class=\"_ _4\"></span>he X<span class=\"_ _7\"></span>AF (C<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>ral A<span class=\"_ _4\"></span>fr<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>an CFA Fran<span class=\"_ _4\"></span>c) be<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>me</div>\n<div class=\"t m8 xe hb y56 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">mor<span class=\"_ _4\"></span>e imp<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>ta<span class=\"_ _4\"></span>nt in 202<span class=\"_ _4\"></span>2 tha<span class=\"_ _4\"></span>n the S<span class=\"_ _4\"></span>GD (Sing<span class=\"_ _4\"></span>apo<span class=\"_ _4\"></span>re Do<span class=\"_ _4\"></span>llar) w<span class=\"_ _4\"></span>e have inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ed t<span class=\"_ _4\"></span>he X<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span>F for 20<span class=\"_ _4\"></span>22 ins<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>ad of th<span class=\"_ _4\"></span>e SGD.</div>\n<div class=\"t m0 xe h2 y58 ff2 fs0 fc2 sc0 ls39 ws35\" style=\"z-index: 15;\">Sensitivit<span class=\"_ _4\"></span>y analysis</div>\n<div class=\"t m1f3 xe hb y59 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s per D<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2022 an i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e in t<span class=\"_ _4\"></span>he year-<span class=\"_ _4\"></span>end EUR<span class=\"_ _7\"></span>/USD r<span class=\"_ _4\"></span>ate o<span class=\"_ _4\"></span>f 1<span class=\"_ _3\"></span>0.0% wo<span class=\"_ _4\"></span>uld af<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>t the s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t of pro<span class=\"_ _4\"></span>\ufb01t</div>\n<div class=\"t m333 xe hb y5a ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">or lo<span class=\"_ _4\"></span>ss w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h USD -<span class=\"_ _4\"></span>0.4 millio<span class=\"_ _4\"></span>n (2021<span class=\"_ _1\"></span>: USD -<span class=\"_ _4\"></span>0.<span class=\"_ _4\"></span>5 million). A 1<span class=\"_ _3\"></span>0.0% de<span class=\"_ _4\"></span>cr<span class=\"_ _4\"></span>ease o<span class=\"_ _4\"></span>f the EUR<span class=\"_ _7\"></span>/USD r<span class=\"_ _4\"></span>ate wo<span class=\"_ _4\"></span>uld i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t th<span class=\"_ _4\"></span>e pro\ufb01<span class=\"_ _4\"></span>t</div>\n<div class=\"t m8 xe hb y5b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">or lo<span class=\"_ _4\"></span>ss s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>ment w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h the s<span class=\"_ _4\"></span>am<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt (op<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>site s<span class=\"_ _4\"></span>ign).</div>\n<div class=\"t m8 xe hb y1bd ff1 fs9 fc2 sc0 ls2 ws3a\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s per D<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2022 an i<span class=\"_ _4\"></span>ncr<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>e in th<span class=\"_ _4\"></span>e year-e<span class=\"_ _4\"></span>nd NO<span class=\"_ _4\"></span>K<span class=\"_ _4\"></span>/<span class=\"_ _4\"></span>USD ra<span class=\"_ _4\"></span>te of 10% woul<span class=\"_ _4\"></span>d af<span class=\"_ _4\"></span>fe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>he s<span class=\"_ _4\"></span>tat<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt of pr<span class=\"_ _4\"></span>o\ufb01t</div>\n<div class=\"t m32b xe hb y5d ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">or lo<span class=\"_ _4\"></span>ss w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h USD -<span class=\"_ _4\"></span>0.02 milli<span class=\"_ _4\"></span>on (2021<span class=\"_ _1\"></span>: USD -<span class=\"_ _4\"></span>4.<span class=\"_ _4\"></span>5 millio<span class=\"_ _4\"></span>n)<span class=\"_ _1\"></span>. A 10.0% de<span class=\"_ _4\"></span>cr<span class=\"_ _4\"></span>ease o<span class=\"_ _4\"></span>f the N<span class=\"_ _4\"></span>OK<span class=\"_ _4\"></span>/ US<span class=\"_ _4\"></span>D rat<span class=\"_ _4\"></span>e woul<span class=\"_ _4\"></span>d imp<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m8 xe hb y5e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pro<span class=\"_ _4\"></span>\ufb01t or lo<span class=\"_ _4\"></span>ss s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t wit<span class=\"_ _4\"></span>h th<span class=\"_ _4\"></span>e sam<span class=\"_ _4\"></span>e amo<span class=\"_ _4\"></span>unt (op<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>site s<span class=\"_ _4\"></span>ign).</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 459px; height: 672px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 459px; height: 672px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1 h6 y1d6 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Liquidit<span class=\"_ _4\"></span>y risk</div>\n<div class=\"t m0 x1 h2 y7f ff2 fs0 fc2 sc0 ls39 ws35\" style=\"z-index: 15;\">Liquidit<span class=\"_ _4\"></span>y risk policy</div>\n<div class=\"t m334 x1 hb y43 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p mana<span class=\"_ _4\"></span>ges t<span class=\"_ _4\"></span>he li<span class=\"_ _4\"></span>quid<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k in ord<span class=\"_ _4\"></span>er to m<span class=\"_ _4\"></span>eet \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial ob<span class=\"_ _4\"></span>liga<span class=\"_ _4\"></span>tion<span class=\"_ _4\"></span>s as th<span class=\"_ _4\"></span>ey fa<span class=\"_ _4\"></span>ll due. T<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>isk i<span class=\"_ _4\"></span>s mana<span class=\"_ _4\"></span>ged</div>\n<div class=\"t m335 x1 hb y80 ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">thr<span class=\"_ _4\"></span>oug<span class=\"_ _4\"></span>h a con<span class=\"_ _4\"></span>tinu<span class=\"_ _4\"></span>ous c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow p<span class=\"_ _4\"></span>roje<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n foll<span class=\"_ _4\"></span>ow-<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>p<span class=\"_ _3\"></span>, moni<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>ing b<span class=\"_ _4\"></span>alan<span class=\"_ _4\"></span>ce sh<span class=\"_ _4\"></span>eet li<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>io\u2019<span class=\"_ _3\"></span>s agai<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>t inte<span class=\"_ _4\"></span>rn<span class=\"_ _4\"></span>al</div>\n<div class=\"t m8 x1 hb y81 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">and r<span class=\"_ _4\"></span>egu<span class=\"_ _4\"></span>lator<span class=\"_ _7\"></span>y re<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>reme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d maint<span class=\"_ _4\"></span>ai<span class=\"_ _4\"></span>ning a di<span class=\"_ _4\"></span>ver<span class=\"_ _4\"></span>se r<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ge of f<span class=\"_ _4\"></span>und<span class=\"_ _4\"></span>ing s<span class=\"_ _4\"></span>our<span class=\"_ _4\"></span>ces w<span class=\"_ _4\"></span>ith a<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>qua<span class=\"_ _4\"></span>te bac<span class=\"_ _4\"></span>k-up f<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es.</div>\n<div class=\"t m8 x1 hb y1c9 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Dif<span class=\"_ _7\"></span>fere<span class=\"_ _4\"></span>nt de<span class=\"_ _4\"></span>bt cove<span class=\"_ _4\"></span>nant<span class=\"_ _4\"></span>s e<span class=\"_ _4\"></span>xis<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>hat re<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>re com<span class=\"_ _4\"></span>plia<span class=\"_ _4\"></span>nce w<span class=\"_ _4\"></span>ith c<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ai<span class=\"_ _4\"></span>n \ufb01nan<span class=\"_ _4\"></span>cial r<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>o\u2019<span class=\"_ _3\"></span>s. A<span class=\"_ _4\"></span>s of De<span class=\"_ _4\"></span>cem<span class=\"_ _4\"></span>ber 31<span class=\"_ _1\"></span>, 2022, E<span class=\"_ _4\"></span>X</div>\n<div class=\"t m8 x14 hb y82 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y83 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">MA<span class=\"_ _4\"></span>R was co<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>liant w<span class=\"_ _4\"></span>ith a<span class=\"_ _4\"></span>ll coven<span class=\"_ _4\"></span>ant<span class=\"_ _4\"></span>s. We al<span class=\"_ _4\"></span>so ref<span class=\"_ _4\"></span>er in t<span class=\"_ _4\"></span>his re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>o Note 28 Bo<span class=\"_ _4\"></span>rro<span class=\"_ _4\"></span>win<span class=\"_ _4\"></span>gs.</div>\n<div class=\"t m0 x1 h2 y85 ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">Maturity analysi<span class=\"_ _4\"></span>s of<span class=\"_ _1\"></span> \ufb01<span class=\"_ _4\"></span>nancial liabilities, borr<span class=\"_ _3\"></span>owings to<span class=\"_ _1\"></span> eq<span class=\"_ _4\"></span>uity accounted<span class=\"_ _3\"></span> inv<span class=\"_ _3\"></span>estees and \ufb01nancial</div>\n<div class=\"t m0 x1 h2 y52e ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">guarantees</div>\n<div class=\"t m336 x1 hb y87 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Ou<span class=\"_ _4\"></span>r cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nt \ufb01na<span class=\"_ _4\"></span>ncial l<span class=\"_ _4\"></span>iabili<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s suc<span class=\"_ _4\"></span>h as t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>de an<span class=\"_ _4\"></span>d oth<span class=\"_ _4\"></span>er pay<span class=\"_ _4\"></span>able<span class=\"_ _4\"></span>s are ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to be p<span class=\"_ _4\"></span>aid w<span class=\"_ _4\"></span>ithi<span class=\"_ _4\"></span>n the n<span class=\"_ _4\"></span>ex<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>wel<span class=\"_ _4\"></span>ve</div>\n<div class=\"t m337 x1 hb y8c ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">mon<span class=\"_ _4\"></span>ths a<span class=\"_ _4\"></span>nd are t<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>efor<span class=\"_ _4\"></span>e not inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n bel<span class=\"_ _4\"></span>ow ta<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s. Th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al mat<span class=\"_ _4\"></span>uri<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s of our \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>ies an<span class=\"_ _4\"></span>d our</div>\n<div class=\"t m285 x1 hb y88 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owin<span class=\"_ _4\"></span>gs to e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted inve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s, incl<span class=\"_ _4\"></span>udi<span class=\"_ _4\"></span>ng es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t pay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s, are d<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>aile<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he ta<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s be<span class=\"_ _4\"></span>low.</div>\n<div class=\"t m338 x1 hb y89 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al mat<span class=\"_ _4\"></span>uri<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s of our \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>ies a<span class=\"_ _4\"></span>re bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al amo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>izat<span class=\"_ _4\"></span>ion t<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>les of t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>aci<span class=\"_ _4\"></span>litie<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m8 x1 hb y8a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e und<span class=\"_ _4\"></span>raw<span class=\"_ _4\"></span>n pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s of o<span class=\"_ _4\"></span>ur cr<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>t fa<span class=\"_ _4\"></span>cilit<span class=\"_ _4\"></span>ies ar<span class=\"_ _4\"></span>e not in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>ded i<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e ta<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s bel<span class=\"_ _4\"></span>ow.</div>\n<div class=\"t m248 x1 hb yd8 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al mat<span class=\"_ _4\"></span>uri<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s of our b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s to eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n the c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow p<span class=\"_ _4\"></span>roje<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns</div>\n<div class=\"t m14d x1 hb y8b ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">for f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure yea<span class=\"_ _4\"></span>rs f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e EX<span class=\"_ _4\"></span>MA<span class=\"_ _4\"></span>R LPG s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>hol<span class=\"_ _4\"></span>der<span class=\"_ _4\"></span>\u2019s loan a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>pec<span class=\"_ _7\"></span>ted r<span class=\"_ _4\"></span>epay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e loan f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e Elec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>a Of<span class=\"_ _7\"></span>f<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1cb x1 hb y4a ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">sh<span class=\"_ _4\"></span>ore Lt<span class=\"_ _4\"></span>d fac<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y (ex<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>on an<span class=\"_ _4\"></span>d ter<span class=\"_ _4\"></span>ms s<span class=\"_ _4\"></span>til<span class=\"_ _4\"></span>l und<span class=\"_ _4\"></span>er ne<span class=\"_ _4\"></span>got<span class=\"_ _4\"></span>iatio<span class=\"_ _4\"></span>n)<span class=\"_ _3\"></span>, exclu<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g net<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing of n<span class=\"_ _4\"></span>egat<span class=\"_ _4\"></span>ive ne<span class=\"_ _4\"></span>t as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s (s<span class=\"_ _4\"></span>ee Not<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 x1 hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">1<span class=\"_ _1\"></span>9 Bo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs to e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s)<span class=\"_ _3\"></span>.</div>\n<div class=\"t m339 x1 hb y4c ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R has al<span class=\"_ _4\"></span>so p<span class=\"_ _4\"></span>rovi<span class=\"_ _4\"></span>ded g<span class=\"_ _4\"></span>uar<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s to \ufb01nan<span class=\"_ _4\"></span>cial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tit<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s that h<span class=\"_ _4\"></span>ave prov<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>d cr<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>t fa<span class=\"_ _4\"></span>cilit<span class=\"_ _4\"></span>ies t<span class=\"_ _4\"></span>o her e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y ac<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m33a x1 hb y4d ff1 fs9 fc2 sc0 ls23 wsf\" style=\"z-index: 15;\">cou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es. T<span class=\"_ _4\"></span>he am<span class=\"_ _4\"></span>ou<span class=\"_ _4\"></span>nt tha<span class=\"_ _4\"></span>t EX<span class=\"_ _4\"></span>MA<span class=\"_ _4\"></span>R coul<span class=\"_ _4\"></span>d have to p<span class=\"_ _4\"></span>ay if th<span class=\"_ _4\"></span>e guar<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>ntee i<span class=\"_ _4\"></span>s cal<span class=\"_ _4\"></span>led o<span class=\"_ _4\"></span>n, is dis<span class=\"_ _4\"></span>clo<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>low</div>\n<div class=\"t m8 x1 hb y4e ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">under \ufb01nancia<span class=\"_ _3\"></span>l guarantees.</div>\n<div class=\"t m8 x1 hd y5c0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x1 hd y5c1 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2022</div>\n<div class=\"t m8 xa4 hd y5c2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Curr<span class=\"_ _1\"></span>.</div>\n<div class=\"t m8 xa5 hd y5c0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest</div>\n<div class=\"t m8 xa6 hd y5c1 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rate</div>\n<div class=\"t m8 xa7 hd y5c2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Matur<span class=\"_ _1\"></span>.</div>\n<div class=\"t m8 x7c hd y5c0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Carrying</div>\n<div class=\"t m8 xa8 hd y5c1 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amount</div>\n<div class=\"t m8 x29 hd y5c3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Contractual cash \ufb02ows</div>\n<div class=\"t m8 x77 hd y5c4 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal<span class=\"_ _243\"> </span>&lt; 1 year<span class=\"_ _d7\"> </span>1-2 years<span class=\"_ _d7\"> </span>2-5 years<span class=\"_ _11\"> </span>&gt; 5 years</div>\n<div class=\"t m8 x1 hc y5c5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank loans VLGC's<span class=\"_ _7a\"> </span>USD<span class=\"_ _1c2\"> </span>5,62%<span class=\"_ _1e3\"> </span>2036<span class=\"_ _244\"> </span>-135,492<span class=\"_ _244\"> </span>-203,954<span class=\"_ _1e6\"> </span>-13,323<span class=\"_ _241\"> </span>-13,258<span class=\"_ _1e6\"> </span>-39,210<span class=\"_ _244\"> </span>-138,163</div>\n<div class=\"t m8 x1 hc y5c6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank/other loans -</div>\n<div class=\"t m8 x1 hc y5c7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pressurized \ufb02eet</div>\n<div class=\"t m8 x38 hc y5c8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD</div>\n<div class=\"t m8 xa9 hc y5c6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LIBOR+</div>\n<div class=\"t m8 x96 hc y5c9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 xaa hc y5ca ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2.4%</div>\n<div class=\"t m8 xab hc y5c9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2023 -</div>\n<div class=\"t m8 xac hc y5ca ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2025</div>\n<div class=\"t m8 x39 hc y5cb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-61,752<span class=\"_ _1c0\"> </span>-62,831<span class=\"_ _1c0\"> </span>-36,038<span class=\"_ _1c0\"> </span>-16,190<span class=\"_ _1c0\"> </span>-10,604<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5cc ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank loan - EXCALIBUR<span class=\"_ _1cd\"> </span>USD</div>\n<div class=\"t m8 xa9 hc y5cd ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LIBOR+</div>\n<div class=\"t m8 xaa hc y5ce ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2.5%</div>\n<div class=\"t m8 xac hc y5cc ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2023<span class=\"_ _1c0\"> </span>-10,004<span class=\"_ _1c0\"> </span>-10,458<span class=\"_ _1c0\"> </span>-10,458<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5cf ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank loans - other<span class=\"_ _3d\"> </span>EUR</div>\n<div class=\"t m8 xad hc y5d0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EURIBOR</div>\n<div class=\"t m8 xae hc y5d1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">+ 1.7%</div>\n<div class=\"t m8 xac hc y5cf ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2028<span class=\"_ _107\"> </span>-835<span class=\"_ _107\"> </span>-372<span class=\"_ _f9\"> </span>-356<span class=\"_ _e5\"> </span>-16<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5d2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _c3\"> </span>USD<span class=\"_ _197\"> </span>-2,127<span class=\"_ _240\"> </span>-2,387<span class=\"_ _107\"> </span>-507<span class=\"_ _107\"> </span>-464<span class=\"_ _240\"> </span>-1,416<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5d3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _245\"> </span>EUR<span class=\"_ _1ea\"> </span>-7,985<span class=\"_ _240\"> </span>-8,516<span class=\"_ _240\"> </span>-1,533<span class=\"_ _1c5\"> </span>-1,287<span class=\"_ _240\"> </span>-2,441<span class=\"_ _240\"> </span>-3,255</div>\n<div class=\"t m8 x1 hc y5d4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _1a\"> </span>SGD<span class=\"_ _a5\"> </span>-65<span class=\"_ _e5\"> </span>-66<span class=\"_ _e5\"> </span>-66<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0</div>\n<div class=\"t m8 x1 hc y5d5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _1a\"> </span>CNY<span class=\"_ _a5\"> </span>-66<span class=\"_ _f9\"> </span>-332<span class=\"_ _e5\"> </span>-20<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0</div>\n<div class=\"t m8 x1 hc y5d6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _1eb\"> </span>INR<span class=\"_ _5c\"> </span>-21<span class=\"_ _e5\"> </span>-22<span class=\"_ _e5\"> </span>-22<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0</div>\n<div class=\"t m8 xaf hd y5d7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-218,347<span class=\"_ _b9\"> </span>-288,939<span class=\"_ _c8\"> </span>-62,322<span class=\"_ _18c\"> </span>-31,216<span class=\"_ _c8\"> </span>-53,670<span class=\"_ _b9\"> </span>-141,419</div>\n<div class=\"t m8 x1 hd y5d8 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity</div>\n<div class=\"t m8 x1 hd y5d9 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees</div>\n<div class=\"t m8 x38 hc y5da ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD<span class=\"_ _197\"> </span><span class=\"ff2\">7,000<span class=\"_ _240\"> </span>7,840<span class=\"_ _240\"> </span>7,840<span class=\"_ _1bf\"> </span>0<span class=\"_ _1bf\"> </span>0<span class=\"_ _9c\"> </span>0</span></div>\n<div class=\"t m8 x1 hc y5db ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Financial guarantees<span class=\"_ _db\"> </span><span class=\"ff6\">USD<span class=\"_ _1ed\"> </span></span>0<span class=\"_ _b9\"> </span>-270,796<span class=\"_ _246\"> </span>-56,458<span class=\"_ _246\"> </span>-27,661<span class=\"_ _b9\"> </span>-186,676<span class=\"_ _1bf\"> </span>0</div>\n<div class=\"t m8 x1 hd y5dc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x1 hd y5dd ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2021</div>\n<div class=\"t m8 xa4 hd y5de ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Curr<span class=\"_ _1\"></span>.</div>\n<div class=\"t m8 xa5 hd y5dc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest</div>\n<div class=\"t m8 xa6 hd y5dd ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rate</div>\n<div class=\"t m8 xa7 hd y5de ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Matur<span class=\"_ _1\"></span>.</div>\n<div class=\"t m8 x7c hd y5dc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Carrying</div>\n<div class=\"t m8 xa8 hd y5dd ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amount</div>\n<div class=\"t m8 x29 hd y5df ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Contractual cash \ufb02ows</div>\n<div class=\"t m8 x77 hd y5e0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal<span class=\"_ _243\"> </span>&lt; 1 year<span class=\"_ _d7\"> </span>1-2 years<span class=\"_ _d7\"> </span>2-5 years<span class=\"_ _11\"> </span>&gt; 5 years</div>\n<div class=\"t m8 x1 hc y5e1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank/other loans -</div>\n<div class=\"t m8 x1 hc y5e2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pressurized \ufb02eet</div>\n<div class=\"t m8 x38 hc y5e3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD</div>\n<div class=\"t m8 xa9 hc y5e1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LIBOR+</div>\n<div class=\"t m8 x96 hc y5e4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 xaa hc y5e5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2.4%</div>\n<div class=\"t m8 xab hc y5e4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2023 -</div>\n<div class=\"t m8 xac hc y5e5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2025</div>\n<div class=\"t m8 x39 hc y5e6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-70,339<span class=\"_ _1c0\"> </span>-74,827<span class=\"_ _1c0\"> </span>-16,384<span class=\"_ _1c0\"> </span>-19,334<span class=\"_ _1c0\"> </span>-39,109<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5e7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank loan -</div>\n<div class=\"t m8 xb0 hc y5e8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 x1 hc y5e9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ANGO FLNG</div>\n<div class=\"t m8 x38 hc y5ea ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD</div>\n<div class=\"t m8 xa9 hc y5e8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LIBOR+ <span class=\"_ _d9\"></span> </div>\n<div class=\"t m8 xaa hc y5e9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2.2%</div>\n<div class=\"t m8 xac hc y5ea ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2029<span class=\"_ _244\"> </span>-129,265<span class=\"_ _13\"> </span>-158,464<span class=\"_ _1c0\"> </span>-21,079<span class=\"_ _1c0\"> </span>-21,880<span class=\"_ _241\"> </span>-61,334<span class=\"_ _1e6\"> </span>-54,171</div>\n<div class=\"t m8 x1 hc y5eb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank loans VLGC's<span class=\"_ _7a\"> </span>USD<span class=\"_ _1c2\"> </span>5,62%<span class=\"_ _1e3\"> </span>2036<span class=\"_ _244\"> </span>-140,927<span class=\"_ _244\"> </span>-217,650<span class=\"_ _1e6\"> </span>-13,323<span class=\"_ _241\"> </span>-13,323<span class=\"_ _1e6\"> </span>-39,465<span class=\"_ _244\"> </span>-151,540</div>\n<div class=\"t m8 x1 hc y5ec ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank loan - aircraft<span class=\"_ _8e\"> </span>USD<span class=\"_ _1c2\"> </span>3,16%<span class=\"_ _1e3\"> </span>2023<span class=\"_ _240\"> </span>-5,658<span class=\"_ _240\"> </span>-5,675<span class=\"_ _1c5\"> </span>-1,864<span class=\"_ _240\"> </span>-3,811<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5ed ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bond<span class=\"_ _1ac\"> </span>NOK</div>\n<div class=\"t m8 xb1 hc y5ee ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">NIBOR+</div>\n<div class=\"t m8 x96 hc y5ef ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 xb2 hc y5f0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">8.75%</div>\n<div class=\"t m8 xac hc y5f1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _1c0\"> </span>-71,324<span class=\"_ _1c0\"> </span>-73,966<span class=\"_ _1c0\"> </span>-73,966<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5f2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other loans<span class=\"_ _1c\"> </span>USD<span class=\"_ _195\"> </span>1,0%<span class=\"_ _1e3\"> </span>2025<span class=\"_ _240\"> </span>-1,194<span class=\"_ _240\"> </span>-1,194<span class=\"_ _1c5\"> </span>-1,194<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5f3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _c3\"> </span>USD<span class=\"_ _197\"> </span>-2,550<span class=\"_ _240\"> </span>-2,969<span class=\"_ _107\"> </span>-581<span class=\"_ _107\"> </span>-507<span class=\"_ _240\"> </span>-1,399<span class=\"_ _107\"> </span>-481</div>\n<div class=\"t m8 x1 hc y5f4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _245\"> </span>EUR<span class=\"_ _1ea\"> </span>-3,422<span class=\"_ _240\"> </span>-3,578<span class=\"_ _107\"> </span>-858<span class=\"_ _f9\"> </span>-833<span class=\"_ _240\"> </span>-1,667<span class=\"_ _107\"> </span>-220</div>\n<div class=\"t m8 x1 hc y5f5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _1a\"> </span>SGD<span class=\"_ _a5\"> </span>-66<span class=\"_ _e5\"> </span>-67<span class=\"_ _e5\"> </span>-66<span class=\"_ _eb\"> </span>-1<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0</div>\n<div class=\"t m8 x1 hc y5f6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _1eb\"> </span>INR<span class=\"_ _5c\"> </span>-67<span class=\"_ _e5\"> </span>-72<span class=\"_ _e5\"> </span>-48<span class=\"_ _e5\"> </span>-25<span class=\"_ _de\"> </span>0<span class=\"_ _de\"> </span>0</div>\n<div class=\"t m8 x1 hc y5f7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities ROU</div>\n<div class=\"t m8 x1 hc y5f8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">assets</div>\n<div class=\"t m8 xb3 hc y5f9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">CNY</div>\n<div class=\"t m8 xaf hd y5fa ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-424,812<span class=\"_ _b9\"> </span>-538,463<span class=\"_ _b9\"> </span>-129,364<span class=\"_ _246\"> </span>-59,712<span class=\"_ _b7\"> </span>-142,975<span class=\"_ _b9\"> </span>-206,412</div>\n<div class=\"t m8 x1 hd y5fb ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity</div>\n<div class=\"t m8 x1 hd y5fc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees</div>\n<div class=\"t m8 xb3 hc y5fd ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD<span class=\"_ _a3\"> </span><span class=\"ff2\">40,167<span class=\"_ _f\"> </span>43,774<span class=\"_ _1e6\"> </span>18,683<span class=\"_ _240\"> </span>7,609<span class=\"_ _f\"> </span>17,483<span class=\"_ _1bf\"> </span>0</span></div>\n<div class=\"t m8 x1 hc y5fe ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Financial guarantees<span class=\"_ _db\"> </span><span class=\"ff6\">USD<span class=\"_ _1ed\"> </span></span>0<span class=\"_ _b9\"> </span>-236,918<span class=\"_ _246\"> </span>-37,828<span class=\"_ _b9\"> </span>-124,860<span class=\"_ _246\"> </span>-20,495<span class=\"_ _246\"> </span>-53,734</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 92px; height: 1039px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 92px; height: 1039px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div></div>\n<div class=\"t m0 xe h6 y1d6 ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Fair<span class=\"_ _1\"></span> values</div>\n<div class=\"t m0 xe h2 y7f ff2 fs0 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">C<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>yi<span class=\"_ _4\"></span>ng a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s ve<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>us f<span class=\"_ _4\"></span>ai<span class=\"_ _4\"></span>r va<span class=\"_ _4\"></span>lue<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hd y3be ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _6f\"> </span>2022<span class=\"_ _196\"> </span>2021</div>\n<div class=\"t m8 x2 hd y5ff ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">FV hierarchy</div>\n<div class=\"t m8 x63 hd y600 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Carrying</div>\n<div class=\"t m8 x99 hd y601 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amount</div>\n<div class=\"t m8 x94 hd y5ff ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fair value<span class=\"_ _c9\"> </span>FV hierarchy</div>\n<div class=\"t m8 x17 hd y600 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Carrying</div>\n<div class=\"t m8 x59 hd y601 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amount</div>\n<div class=\"t m8 x91 hd y5ff ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fair value</div>\n<div class=\"t m8 xe hc y602 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity accounted</div>\n<div class=\"t m8 xe hc y603 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">investees</div>\n<div class=\"t m8 xb4 hc y604 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2<span class=\"_ _de\"> </span>7,000<span class=\"_ _df\"> </span>7,000<span class=\"_ _e0\"> </span>2<span class=\"_ _db\"> </span>40,167<span class=\"_ _db\"> </span>39,966</div>\n<div class=\"t m8 xe hc y605 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other investments - equity</div>\n<div class=\"t m8 xe hc y606 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">instruments at FVTLP</div>\n<div class=\"t m8 xb5 hc y607 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">1/2<span class=\"_ _de\"> </span>1,849<span class=\"_ _df\"> </span>1,849<span class=\"_ _1c1\"> </span>1/2<span class=\"_ _df\"> </span>1,849<span class=\"_ _df\"> </span>1,849</div>\n<div class=\"t m8 xe hc y608 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Derivative \ufb01nancial asset<span class=\"_ _222\"> </span>2<span class=\"_ _8e\"> </span>573<span class=\"_ _8e\"> </span>573<span class=\"_ _f3\"> </span>920<span class=\"_ _8e\"> </span>920</div>\n<div class=\"t m8 xe hc y609 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings (excluding lease</div>\n<div class=\"t m8 xe hc y60a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">liabilities)</div>\n<div class=\"t m8 xb4 hc y60b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2<span class=\"_ _107\"> </span>-208,083<span class=\"_ _f9\"> </span>-234,700<span class=\"_ _e0\"> </span>2<span class=\"_ _f9\"> </span>-418,707<span class=\"_ _107\"> </span>-418,720</div>\n<div class=\"t m8 x45 hd y60c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-198,662<span class=\"_ _fe\"> </span>-225,278<span class=\"_ _1f2\"> </span>-375,771<span class=\"_ _fe\"> </span>-375,985</div>\n\n<div class=\"t m8 xe hb y8a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m1a6 x3f hb y8a ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liabi<span class=\"_ _4\"></span>litie<span class=\"_ _4\"></span>s c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>rie<span class=\"_ _4\"></span>d at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue are a<span class=\"_ _4\"></span>naly<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d an<span class=\"_ _4\"></span>d a hier<span class=\"_ _4\"></span>arc<span class=\"_ _4\"></span>hy in va<span class=\"_ _4\"></span>luati<span class=\"_ _4\"></span>on me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>d has b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 x3f hb yd8 ff1 fs9 fc2 sc0 ls25 ws19\" style=\"z-index: 15;\">de<span class=\"_ _4\"></span>\ufb01n<span class=\"_ _4\"></span>ed:<span class=\"_ _4\"></span> </div>\n<div class=\"t m8 xe hb y1d8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Level 1 b<span class=\"_ _4\"></span>ein<span class=\"_ _4\"></span>g quo<span class=\"_ _4\"></span>ted bi<span class=\"_ _4\"></span>d pr<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s in ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ive mar<span class=\"_ _4\"></span>ket<span class=\"_ _4\"></span>s fo<span class=\"_ _4\"></span>r ide<span class=\"_ _4\"></span>ntic<span class=\"_ _4\"></span>al a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s or li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s;</div>\n<div class=\"t m8 xe hb y60d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m1a7 x3f hb y4a ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Level 2 b<span class=\"_ _4\"></span>ein<span class=\"_ _4\"></span>g inp<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s in ot<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>han q<span class=\"_ _4\"></span>uote<span class=\"_ _4\"></span>d pr<span class=\"_ _4\"></span>ices i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d in level 1 t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e obs<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>vab<span class=\"_ _4\"></span>le fo<span class=\"_ _4\"></span>r the re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x3f hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">and l<span class=\"_ _4\"></span>iabil<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s, eit<span class=\"_ _4\"></span>her d<span class=\"_ _4\"></span>irec<span class=\"_ _7\"></span>tly (as p<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ces) or i<span class=\"_ _4\"></span>ndir<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ly (der<span class=\"_ _4\"></span>ive<span class=\"_ _4\"></span>d fr<span class=\"_ _4\"></span>om pr<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>es);</div>\n<div class=\"t m8 xe hb yd1 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Level 3 b<span class=\"_ _4\"></span>ein<span class=\"_ _4\"></span>g inp<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s fo<span class=\"_ _4\"></span>r the a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et or li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y th<span class=\"_ _4\"></span>at are no<span class=\"_ _4\"></span>t bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n obs<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>va<span class=\"_ _4\"></span>ble ma<span class=\"_ _4\"></span>rket d<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>a.</div>\n<div class=\"t m8 xe hb yd2 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e brea<span class=\"_ _4\"></span>kdow<span class=\"_ _4\"></span>n bet<span class=\"_ _7\"></span>wee<span class=\"_ _4\"></span>n level 1 a<span class=\"_ _4\"></span>nd 2 of t<span class=\"_ _4\"></span>he eq<span class=\"_ _4\"></span>uit<span class=\"_ _7\"></span>y ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s at F<span class=\"_ _7\"></span>V<span class=\"_ _4\"></span>TPL is s<span class=\"_ _4\"></span>how<span class=\"_ _4\"></span>n in t<span class=\"_ _4\"></span>he b<span class=\"_ _4\"></span>egin<span class=\"_ _4\"></span>ning of t<span class=\"_ _4\"></span>his n<span class=\"_ _4\"></span>ote.</div>\n<div class=\"t m0 xe h2 y72 ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">Basis for determining<span class=\"_ _3\"></span> fair values:</div>\n<div class=\"t m8 xe hb y4f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m300 x3f hb y4f ff2 fs9 fc2 sc0 ls27 ws22\" style=\"z-index: 15;\">Borrowings<span class=\"_ _3\"></span> to<span class=\"_ _3\"></span> equity account<span class=\"_ _3\"></span>ed in<span class=\"_ _3\"></span>vestees<span class=\"_ _3\"></span>:<span class=\"ff1 ls2 wsf\"> pres<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alu<span class=\"_ _4\"></span>e of fu<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>sh \ufb02<span class=\"_ _4\"></span>ows, d<span class=\"_ _4\"></span>isc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted at t<span class=\"_ _4\"></span>he ma<span class=\"_ _4\"></span>rket r<span class=\"_ _4\"></span>ate </span></div>\n<div class=\"t m8 x3f hb y50 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t at r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing d<span class=\"_ _4\"></span>ate or t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue of t<span class=\"_ _4\"></span>he und<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>lyi<span class=\"_ _4\"></span>ng pl<span class=\"_ _4\"></span>edg<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et</div>\n<div class=\"t m8 xe hb y1d1 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span><span class=\"ff2\">Eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s at F<span class=\"_ _4\"></span>V<span class=\"_ _7\"></span>TPL: </span></div>\n<div class=\"t m8 x1 hb y60e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> <span class=\"_ _247\"></span>-<span class=\"_ _cb\"> </span>Qu<span class=\"_ _4\"></span>ote<span class=\"_ _4\"></span>d clos<span class=\"_ _4\"></span>ing b<span class=\"_ _4\"></span>id pr<span class=\"_ _4\"></span>ice a<span class=\"_ _4\"></span>t rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>ting d<span class=\"_ _4\"></span>ate fo<span class=\"_ _4\"></span>r Fronte<span class=\"_ _4\"></span>ra s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es</div>\n<div class=\"t m8 x1 hb y60f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> <span class=\"_ _247\"></span>-<span class=\"_ _cb\"> </span>No<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>q<span class=\"_ _4\"></span>uote<span class=\"_ _4\"></span>d clo<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>g \ufb01x<span class=\"_ _4\"></span>ing p<span class=\"_ _4\"></span>ric<span class=\"_ _4\"></span>e at rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g date t<span class=\"_ _4\"></span>hro<span class=\"_ _4\"></span>ugh a p<span class=\"_ _4\"></span>ubl<span class=\"_ _4\"></span>ic auc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion v<span class=\"_ _4\"></span>ia Euro<span class=\"_ _4\"></span>nex<span class=\"_ _4\"></span>t fo<span class=\"_ _4\"></span>r Sib<span class=\"_ _4\"></span>elco s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es</div>\n<div class=\"t m8 xe hb y610 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m33b x3f hb y54 ff2 fs9 fc2 sc0 ls2e wsc\" style=\"z-index: 15;\">Forward contrac<span class=\"_ _4\"></span>ts:<span class=\"ff1 ls1c wsf\"> pres<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alu<span class=\"_ _4\"></span>e of the d<span class=\"_ _4\"></span>if<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>nce b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>we<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he for<span class=\"_ _7\"></span>wa<span class=\"_ _4\"></span>rd pr<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>e at rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g date a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>he for<span class=\"ls2 ws2\">-</span></span></div>\n<div class=\"t m8 x3f hb y73 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">war<span class=\"_ _4\"></span>d pr<span class=\"_ _4\"></span>ice p<span class=\"_ _4\"></span>aid</div>\n<div class=\"t m8 xe hb y1d3 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m33c x3f hb y55 ff2 fs9 fc2 sc0 ls35 ws1c\" style=\"z-index: 15;\">Interest bearing loans:<span class=\"ff1 ls19 wsb\"> pres<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alue of f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s, dis<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d at th<span class=\"_ _4\"></span>e mar<span class=\"_ _4\"></span>ket r<span class=\"_ _4\"></span>ate of int<span class=\"_ _4\"></span>eres<span class=\"_ _4\"></span>t at r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"ls2 ws2\">-</span></span></div>\n<div class=\"t m8 x3f hb y56 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ing d<span class=\"_ _4\"></span>ate</div>\n<div class=\"t m2c0 xe hb y57 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">For ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liabi<span class=\"_ _4\"></span>litie<span class=\"_ _4\"></span>s (tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>e an<span class=\"_ _4\"></span>d othe<span class=\"_ _4\"></span>r rec<span class=\"_ _4\"></span>eiv<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>es, c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h and c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h eq<span class=\"_ _4\"></span>uiv<span class=\"_ _4\"></span>alen<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s, tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>e and ot<span class=\"_ _4\"></span>her</div>\n<div class=\"t m188 xe hb y58 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">paya<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s and l<span class=\"_ _4\"></span>ease l<span class=\"_ _4\"></span>iabili<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s) not c<span class=\"_ _4\"></span>arr<span class=\"_ _4\"></span>ie<span class=\"_ _4\"></span>d at fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>e, no fair v<span class=\"_ _4\"></span>alue i<span class=\"_ _4\"></span>s dis<span class=\"_ _4\"></span>clos<span class=\"_ _4\"></span>ed b<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>au<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>he ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _4\"></span>ng amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y59 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">a reas<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>able a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>rox<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>ion of t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ues<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 8%; bottom: 542px; height: 350px; width: 84%; z-index: 7;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 542px; height: 589px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 542px; height: 589px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 542px; height: 589px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag434": {
   "value": "\n<div class=\"t m0 xe h2 y42 ff2 fs0 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fair v<span class=\"_ _4\"></span>al<span class=\"_ _4\"></span>ue &amp; f<span class=\"_ _4\"></span>air v<span class=\"_ _4\"></span>al<span class=\"_ _4\"></span>ue hi<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>arc<span class=\"_ _4\"></span>hy</div>\n<div class=\"t m8 xe hb y7e ff1 fs9 fc2 sc0 ls2 ws2c\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e follo<span class=\"_ _4\"></span>wing t<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le s<span class=\"_ _4\"></span>hows \ufb01<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d \ufb01nan<span class=\"_ _4\"></span>cial lia<span class=\"_ _4\"></span>bili<span class=\"_ _4\"></span>ties m<span class=\"_ _4\"></span>eas<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>d at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue, inclu<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g the<span class=\"_ _4\"></span>ir level i<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y52d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>e hier<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>chy<span class=\"_ _3\"></span>.</div>\n<div class=\"t m8 xe hd y590 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 xe hd y591 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2022</div>\n<div class=\"t m8 xa0 hd y592 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Level 1<span class=\"_ _5b\"> </span>Level 2<span class=\"_ _5b\"> </span>Level 3<span class=\"_ _1e4\"> </span>T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 xe hc y593 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Derivative \ufb01nancial asset<span class=\"_ _234\"> </span>0<span class=\"_ _18\"> </span>573<span class=\"_ _15\"> </span>0<span class=\"_ _52\"> </span><span class=\"ff2\">573</span></div>\n<div class=\"t m8 xe hc y594 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity securities - FVTPL<span class=\"_ _18e\"> </span>1,054<span class=\"_ _18\"> </span>795<span class=\"_ _15\"> </span>0<span class=\"_ _126\"> </span><span class=\"ff2\">1,849</span></div>\n<div class=\"t m8 xe hd y595 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal \ufb01nancial assets carried at fair value<span class=\"_ _ae\"> </span>1,054<span class=\"_ _126\"> </span>1,368<span class=\"_ _131\"> </span>0<span class=\"_ _126\"> </span>2,422</div>\n<div class=\"t m8 xe hc y596 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal \ufb01nancial liabilities carried at fair value<span class=\"_ _235\"> </span><span class=\"ff6\">0<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _15\"> </span>0</span></div>\n<div class=\"t m8 xe hd y597 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 xe hd y598 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2021</div>\n<div class=\"t m8 xa0 hd y599 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Level 1<span class=\"_ _5b\"> </span>Level 2<span class=\"_ _5b\"> </span>Level 3<span class=\"_ _1e4\"> </span>T<span class=\"_ _2\"></span>otal</div>\n<div class=\"t m8 xe hc y59a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Derivative \ufb01nancial asset<span class=\"_ _234\"> </span>0<span class=\"_ _18\"> </span>920<span class=\"_ _15\"> </span>0<span class=\"_ _18\"> </span>920</div>\n<div class=\"t m8 xe hc y59b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Equity securities - FVTPL<span class=\"_ _236\"> </span>938<span class=\"_ _18\"> </span>911<span class=\"_ _15\"> </span>0<span class=\"_ _7a\"> </span>1,849</div>\n<div class=\"t m8 xe hd y59c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal \ufb01nancial assets carried at fair value<span class=\"_ _19b\"> </span>938<span class=\"_ _126\"> </span>1,831<span class=\"_ _131\"> </span>0<span class=\"_ _126\"> </span>2,769</div>\n<div class=\"t m8 xe hd y59d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal \ufb01nancial liabilities carried at fair value<span class=\"_ _199\"> </span>0<span class=\"_ _131\"> </span>0<span class=\"_ _131\"> </span>0<span class=\"_ _131\"> </span>0</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 796px; height: 343px; width: 88%; z-index: 5;\"></div>\n\n<div></div>\n<div class=\"t m0 xe h6 y1d6 ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Fair<span class=\"_ _1\"></span> values</div>\n<div class=\"t m0 xe h2 y7f ff2 fs0 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">C<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>yi<span class=\"_ _4\"></span>ng a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s ve<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>us f<span class=\"_ _4\"></span>ai<span class=\"_ _4\"></span>r va<span class=\"_ _4\"></span>lue<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hd y3be ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _6f\"> </span>2022<span class=\"_ _196\"> </span>2021</div>\n<div class=\"t m8 x2 hd y5ff ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">FV hierarchy</div>\n<div class=\"t m8 x63 hd y600 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Carrying</div>\n<div class=\"t m8 x99 hd y601 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amount</div>\n<div class=\"t m8 x94 hd y5ff ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fair value<span class=\"_ _c9\"> </span>FV hierarchy</div>\n<div class=\"t m8 x17 hd y600 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Carrying</div>\n<div class=\"t m8 x59 hd y601 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amount</div>\n<div class=\"t m8 x91 hd y5ff ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fair value</div>\n<div class=\"t m8 xe hc y602 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity accounted</div>\n<div class=\"t m8 xe hc y603 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">investees</div>\n<div class=\"t m8 xb4 hc y604 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2<span class=\"_ _de\"> </span>7,000<span class=\"_ _df\"> </span>7,000<span class=\"_ _e0\"> </span>2<span class=\"_ _db\"> </span>40,167<span class=\"_ _db\"> </span>39,966</div>\n<div class=\"t m8 xe hc y605 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other investments - equity</div>\n<div class=\"t m8 xe hc y606 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">instruments at FVTLP</div>\n<div class=\"t m8 xb5 hc y607 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">1/2<span class=\"_ _de\"> </span>1,849<span class=\"_ _df\"> </span>1,849<span class=\"_ _1c1\"> </span>1/2<span class=\"_ _df\"> </span>1,849<span class=\"_ _df\"> </span>1,849</div>\n<div class=\"t m8 xe hc y608 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Derivative \ufb01nancial asset<span class=\"_ _222\"> </span>2<span class=\"_ _8e\"> </span>573<span class=\"_ _8e\"> </span>573<span class=\"_ _f3\"> </span>920<span class=\"_ _8e\"> </span>920</div>\n<div class=\"t m8 xe hc y609 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings (excluding lease</div>\n<div class=\"t m8 xe hc y60a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">liabilities)</div>\n<div class=\"t m8 xb4 hc y60b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2<span class=\"_ _107\"> </span>-208,083<span class=\"_ _f9\"> </span>-234,700<span class=\"_ _e0\"> </span>2<span class=\"_ _f9\"> </span>-418,707<span class=\"_ _107\"> </span>-418,720</div>\n<div class=\"t m8 x45 hd y60c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-198,662<span class=\"_ _fe\"> </span>-225,278<span class=\"_ _1f2\"> </span>-375,771<span class=\"_ _fe\"> </span>-375,985</div>\n\n<div class=\"t m8 xe hb y8a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m1a6 x3f hb y8a ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liabi<span class=\"_ _4\"></span>litie<span class=\"_ _4\"></span>s c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>rie<span class=\"_ _4\"></span>d at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue are a<span class=\"_ _4\"></span>naly<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d an<span class=\"_ _4\"></span>d a hier<span class=\"_ _4\"></span>arc<span class=\"_ _4\"></span>hy in va<span class=\"_ _4\"></span>luati<span class=\"_ _4\"></span>on me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>d has b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 x3f hb yd8 ff1 fs9 fc2 sc0 ls25 ws19\" style=\"z-index: 15;\">de<span class=\"_ _4\"></span>\ufb01n<span class=\"_ _4\"></span>ed:<span class=\"_ _4\"></span> </div>\n<div class=\"t m8 xe hb y1d8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Level 1 b<span class=\"_ _4\"></span>ein<span class=\"_ _4\"></span>g quo<span class=\"_ _4\"></span>ted bi<span class=\"_ _4\"></span>d pr<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s in ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ive mar<span class=\"_ _4\"></span>ket<span class=\"_ _4\"></span>s fo<span class=\"_ _4\"></span>r ide<span class=\"_ _4\"></span>ntic<span class=\"_ _4\"></span>al a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s or li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s;</div>\n<div class=\"t m8 xe hb y60d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m1a7 x3f hb y4a ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Level 2 b<span class=\"_ _4\"></span>ein<span class=\"_ _4\"></span>g inp<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s in ot<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>han q<span class=\"_ _4\"></span>uote<span class=\"_ _4\"></span>d pr<span class=\"_ _4\"></span>ices i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d in level 1 t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e obs<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>vab<span class=\"_ _4\"></span>le fo<span class=\"_ _4\"></span>r the re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x3f hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">and l<span class=\"_ _4\"></span>iabil<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s, eit<span class=\"_ _4\"></span>her d<span class=\"_ _4\"></span>irec<span class=\"_ _7\"></span>tly (as p<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ces) or i<span class=\"_ _4\"></span>ndir<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ly (der<span class=\"_ _4\"></span>ive<span class=\"_ _4\"></span>d fr<span class=\"_ _4\"></span>om pr<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>es);</div>\n<div class=\"t m8 xe hb yd1 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Level 3 b<span class=\"_ _4\"></span>ein<span class=\"_ _4\"></span>g inp<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s fo<span class=\"_ _4\"></span>r the a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et or li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y th<span class=\"_ _4\"></span>at are no<span class=\"_ _4\"></span>t bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n obs<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>va<span class=\"_ _4\"></span>ble ma<span class=\"_ _4\"></span>rket d<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>a.</div>\n<div class=\"t m8 xe hb yd2 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e brea<span class=\"_ _4\"></span>kdow<span class=\"_ _4\"></span>n bet<span class=\"_ _7\"></span>wee<span class=\"_ _4\"></span>n level 1 a<span class=\"_ _4\"></span>nd 2 of t<span class=\"_ _4\"></span>he eq<span class=\"_ _4\"></span>uit<span class=\"_ _7\"></span>y ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s at F<span class=\"_ _7\"></span>V<span class=\"_ _4\"></span>TPL is s<span class=\"_ _4\"></span>how<span class=\"_ _4\"></span>n in t<span class=\"_ _4\"></span>he b<span class=\"_ _4\"></span>egin<span class=\"_ _4\"></span>ning of t<span class=\"_ _4\"></span>his n<span class=\"_ _4\"></span>ote.</div>\n<div class=\"t m0 xe h2 y72 ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">Basis for determining<span class=\"_ _3\"></span> fair values:</div>\n<div class=\"t m8 xe hb y4f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m300 x3f hb y4f ff2 fs9 fc2 sc0 ls27 ws22\" style=\"z-index: 15;\">Borrowings<span class=\"_ _3\"></span> to<span class=\"_ _3\"></span> equity account<span class=\"_ _3\"></span>ed in<span class=\"_ _3\"></span>vestees<span class=\"_ _3\"></span>:<span class=\"ff1 ls2 wsf\"> pres<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alu<span class=\"_ _4\"></span>e of fu<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>sh \ufb02<span class=\"_ _4\"></span>ows, d<span class=\"_ _4\"></span>isc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted at t<span class=\"_ _4\"></span>he ma<span class=\"_ _4\"></span>rket r<span class=\"_ _4\"></span>ate </span></div>\n<div class=\"t m8 x3f hb y50 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t at r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing d<span class=\"_ _4\"></span>ate or t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue of t<span class=\"_ _4\"></span>he und<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>lyi<span class=\"_ _4\"></span>ng pl<span class=\"_ _4\"></span>edg<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et</div>\n<div class=\"t m8 xe hb y1d1 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span><span class=\"ff2\">Eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s at F<span class=\"_ _4\"></span>V<span class=\"_ _7\"></span>TPL: </span></div>\n<div class=\"t m8 x1 hb y60e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> <span class=\"_ _247\"></span>-<span class=\"_ _cb\"> </span>Qu<span class=\"_ _4\"></span>ote<span class=\"_ _4\"></span>d clos<span class=\"_ _4\"></span>ing b<span class=\"_ _4\"></span>id pr<span class=\"_ _4\"></span>ice a<span class=\"_ _4\"></span>t rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>ting d<span class=\"_ _4\"></span>ate fo<span class=\"_ _4\"></span>r Fronte<span class=\"_ _4\"></span>ra s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es</div>\n<div class=\"t m8 x1 hb y60f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> <span class=\"_ _247\"></span>-<span class=\"_ _cb\"> </span>No<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>q<span class=\"_ _4\"></span>uote<span class=\"_ _4\"></span>d clo<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>g \ufb01x<span class=\"_ _4\"></span>ing p<span class=\"_ _4\"></span>ric<span class=\"_ _4\"></span>e at rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g date t<span class=\"_ _4\"></span>hro<span class=\"_ _4\"></span>ugh a p<span class=\"_ _4\"></span>ubl<span class=\"_ _4\"></span>ic auc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion v<span class=\"_ _4\"></span>ia Euro<span class=\"_ _4\"></span>nex<span class=\"_ _4\"></span>t fo<span class=\"_ _4\"></span>r Sib<span class=\"_ _4\"></span>elco s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es</div>\n<div class=\"t m8 xe hb y610 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m33b x3f hb y54 ff2 fs9 fc2 sc0 ls2e wsc\" style=\"z-index: 15;\">Forward contrac<span class=\"_ _4\"></span>ts:<span class=\"ff1 ls1c wsf\"> pres<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alu<span class=\"_ _4\"></span>e of the d<span class=\"_ _4\"></span>if<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>nce b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>we<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he for<span class=\"_ _7\"></span>wa<span class=\"_ _4\"></span>rd pr<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>e at rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g date a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>he for<span class=\"ls2 ws2\">-</span></span></div>\n<div class=\"t m8 x3f hb y73 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">war<span class=\"_ _4\"></span>d pr<span class=\"_ _4\"></span>ice p<span class=\"_ _4\"></span>aid</div>\n<div class=\"t m8 xe hb y1d3 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m33c x3f hb y55 ff2 fs9 fc2 sc0 ls35 ws1c\" style=\"z-index: 15;\">Interest bearing loans:<span class=\"ff1 ls19 wsb\"> pres<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alue of f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s, dis<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d at th<span class=\"_ _4\"></span>e mar<span class=\"_ _4\"></span>ket r<span class=\"_ _4\"></span>ate of int<span class=\"_ _4\"></span>eres<span class=\"_ _4\"></span>t at r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"ls2 ws2\">-</span></span></div>\n<div class=\"t m8 x3f hb y56 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ing d<span class=\"_ _4\"></span>ate</div>\n<div class=\"t m2c0 xe hb y57 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">For ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liabi<span class=\"_ _4\"></span>litie<span class=\"_ _4\"></span>s (tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>e an<span class=\"_ _4\"></span>d othe<span class=\"_ _4\"></span>r rec<span class=\"_ _4\"></span>eiv<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>es, c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h and c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h eq<span class=\"_ _4\"></span>uiv<span class=\"_ _4\"></span>alen<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s, tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>e and ot<span class=\"_ _4\"></span>her</div>\n<div class=\"t m188 xe hb y58 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">paya<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s and l<span class=\"_ _4\"></span>ease l<span class=\"_ _4\"></span>iabili<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s) not c<span class=\"_ _4\"></span>arr<span class=\"_ _4\"></span>ie<span class=\"_ _4\"></span>d at fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>e, no fair v<span class=\"_ _4\"></span>alue i<span class=\"_ _4\"></span>s dis<span class=\"_ _4\"></span>clos<span class=\"_ _4\"></span>ed b<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>au<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>he ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _4\"></span>ng amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y59 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">a reas<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>able a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>rox<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>ion of t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ues<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 8%; bottom: 542px; height: 350px; width: 84%; z-index: 7;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 542px; height: 589px; width: 86%; z-index: 6;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag429": {
   "value": "\n<div><br/></div>\n<div class=\"t m0 xe h6 y4c9 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Credit risk</div>\n<div class=\"t m0 xe h2 y51 ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">Credit risk policy</div>\n<div class=\"t m31d xe hb y52 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p is ex<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d to cre<span class=\"_ _4\"></span>dit r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k fr<span class=\"_ _4\"></span>om it<span class=\"_ _4\"></span>s o<span class=\"_ _4\"></span>per<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ing ac<span class=\"_ _7\"></span>tiv<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s (p<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>mar<span class=\"_ _4\"></span>ily tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>e an<span class=\"_ _4\"></span>d othe<span class=\"_ _4\"></span>r rec<span class=\"_ _4\"></span>eiva<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s and t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1f4 xe hb y53 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ions w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s) and f<span class=\"_ _4\"></span>rom i<span class=\"_ _4\"></span>ts \ufb01<span class=\"_ _4\"></span>nan<span class=\"_ _4\"></span>cing a<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tiv<span class=\"_ _4\"></span>iti<span class=\"_ _4\"></span>es, inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ing d<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>osi<span class=\"_ _4\"></span>ts w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h ban<span class=\"_ _4\"></span>ks, fo<span class=\"_ _4\"></span>reig<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 xe hb y54 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">exchange<span class=\"_ _3\"></span> transac<span class=\"_ _4\"></span>tions and other<span class=\"_ _3\"></span> \ufb01nancial<span class=\"_ _1\"></span> ins<span class=\"_ _4\"></span>trument<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m31e xe hb y73 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Cre<span class=\"_ _4\"></span>dit r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k is mo<span class=\"_ _4\"></span>nito<span class=\"_ _4\"></span>red c<span class=\"_ _4\"></span>los<span class=\"_ _4\"></span>ely a<span class=\"_ _4\"></span>nd by ea<span class=\"_ _4\"></span>ch s<span class=\"_ _4\"></span>egm<span class=\"_ _4\"></span>ent o<span class=\"_ _4\"></span>n an o<span class=\"_ _4\"></span>ngoi<span class=\"_ _4\"></span>ng ba<span class=\"_ _4\"></span>sis by t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up a<span class=\"_ _4\"></span>nd cr<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>wor<span class=\"_ _7\"></span>th<span class=\"_ _4\"></span>ine<span class=\"_ _4\"></span>ss co<span class=\"_ _4\"></span>n<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y55 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">tro<span class=\"_ _4\"></span>ls are c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ied o<span class=\"_ _4\"></span>ut i<span class=\"_ _4\"></span>f dee<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>d nece<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>sar<span class=\"_ _7\"></span>y<span class=\"_ _3\"></span>.</div>\n<div class=\"t m31f xe hb y57 ff1 fs9 fc2 sc0 ls2 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e bor<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s to eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es co<span class=\"_ _4\"></span>nsis<span class=\"_ _4\"></span>t of s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>hol<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>r loan<span class=\"_ _4\"></span>s to our e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted inve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tees t<span class=\"_ _4\"></span>hat</div>\n<div class=\"t m320 xe hb y58 ff1 fs9 fc2 sc0 ls15 wsf\" style=\"z-index: 15;\">ow<span class=\"_ _4\"></span>n or op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ate a<span class=\"_ _4\"></span>n LPG ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>el or O<span class=\"_ _4\"></span>f<span class=\"_ _7\"></span>fs<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>re plat<span class=\"_ _7\"></span>for<span class=\"_ _4\"></span>m. A<span class=\"_ _4\"></span>s all ve<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>els a<span class=\"_ _4\"></span>re op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>onal a<span class=\"_ _4\"></span>nd ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>e inco<span class=\"_ _4\"></span>me or a<span class=\"_ _4\"></span>re</div>\n<div class=\"t m321 xe hb y59 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">ple<span class=\"_ _4\"></span>dg<span class=\"_ _4\"></span>ed as a s<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y fo<span class=\"_ _4\"></span>r the u<span class=\"_ _4\"></span>nd<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>lyin<span class=\"_ _4\"></span>g bo<span class=\"_ _4\"></span>rro<span class=\"_ _4\"></span>win<span class=\"_ _4\"></span>g, we do no<span class=\"_ _4\"></span>t anti<span class=\"_ _4\"></span>cip<span class=\"_ _4\"></span>ate any re<span class=\"_ _4\"></span>cover<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y i<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>ues f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e ou<span class=\"_ _4\"></span>ts<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>d<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m322 xe hb y5a ff1 fs9 fc2 sc0 ls16 wsf\" style=\"z-index: 15;\">ing b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s (af<span class=\"_ _4\"></span>ter i<span class=\"_ _4\"></span>mpai<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>) to eq<span class=\"_ _4\"></span>uit<span class=\"_ _7\"></span>y acco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ees<span class=\"_ _4\"></span>. Th<span class=\"_ _4\"></span>e equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s for w<span class=\"_ _4\"></span>ho<span class=\"_ _4\"></span>m the</div>\n<div class=\"t m323 xe hb y5b ff1 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">sha<span class=\"_ _4\"></span>re in t<span class=\"_ _4\"></span>he ne<span class=\"_ _4\"></span>t as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s i<span class=\"_ _4\"></span>s neg<span class=\"_ _4\"></span>ative, are a<span class=\"_ _4\"></span>lloc<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d to ot<span class=\"_ _4\"></span>her c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s (mai<span class=\"_ _4\"></span>nly d<span class=\"_ _4\"></span>ed<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d fro<span class=\"_ _4\"></span>m re<span class=\"_ _4\"></span>ceiv<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>es) of t<span class=\"_ _4\"></span>he</div>\n<div class=\"t m324 xe hb y5c ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">inves<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>\u2019<span class=\"_ _3\"></span>s inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t in t<span class=\"_ _4\"></span>he e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tee an<span class=\"_ _4\"></span>d if t<span class=\"_ _4\"></span>he ne<span class=\"_ _4\"></span>gati<span class=\"_ _4\"></span>ve net a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et exc<span class=\"_ _4\"></span>eed<span class=\"_ _4\"></span>s th<span class=\"_ _4\"></span>e inves<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>\u2019<span class=\"_ _3\"></span>s inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t, a</div>\n<div class=\"t m325 xe hb y5d ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">cor<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ond<span class=\"_ _4\"></span>ing lia<span class=\"_ _4\"></span>bili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y is re<span class=\"_ _4\"></span>cog<span class=\"_ _4\"></span>nized t<span class=\"_ _4\"></span>o the ex<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ent t<span class=\"_ _4\"></span>hat th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up has a l<span class=\"_ _4\"></span>egal o<span class=\"_ _4\"></span>r con<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ve ob<span class=\"_ _4\"></span>ligat<span class=\"_ _4\"></span>ion. T<span class=\"_ _4\"></span>he ter<span class=\"_ _4\"></span>ms</div>\n<div class=\"t m8 xe hb y5e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e sha<span class=\"_ _4\"></span>reh<span class=\"_ _4\"></span>old<span class=\"_ _4\"></span>er loa<span class=\"_ _4\"></span>ns ar<span class=\"_ _4\"></span>e dis<span class=\"_ _4\"></span>cus<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ed in N<span class=\"_ _4\"></span>ote 1<span class=\"_ _1\"></span>9 B<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs t<span class=\"_ _4\"></span>o equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s of thi<span class=\"_ _4\"></span>s ann<span class=\"_ _4\"></span>ual re<span class=\"_ _4\"></span>por<span class=\"_ _7\"></span>t.</div>\n<div class=\"t m326 xe hb y5f ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p onl<span class=\"_ _4\"></span>y eng<span class=\"_ _4\"></span>age<span class=\"_ _4\"></span>s wit<span class=\"_ _4\"></span>h ban<span class=\"_ _4\"></span>ks w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h a goo<span class=\"_ _4\"></span>d cr<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>t ra<span class=\"_ _4\"></span>ting. T<span class=\"_ _4\"></span>he Gr<span class=\"_ _4\"></span>oup m<span class=\"_ _4\"></span>oni<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d manag<span class=\"_ _4\"></span>es ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>osu<span class=\"_ _4\"></span>res to</div>\n<div class=\"t m8 xe hb y60 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ban<span class=\"_ _4\"></span>ks w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h app<span class=\"_ _4\"></span>rove<span class=\"_ _4\"></span>d cou<span class=\"_ _4\"></span>nter<span class=\"_ _4\"></span>pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y c<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>it limi<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s and c<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>dit r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k par<span class=\"_ _4\"></span>am<span class=\"_ _4\"></span>eter<span class=\"_ _4\"></span>s in o<span class=\"_ _4\"></span>rde<span class=\"_ _4\"></span>r to mit<span class=\"_ _4\"></span>igate t<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>isk o<span class=\"_ _4\"></span>f def<span class=\"_ _4\"></span>aul<span class=\"_ _4\"></span>t.</div>\n<div class=\"t m0 xe h2 y76 ff2 fs0 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>ure t<span class=\"_ _4\"></span>o ris<span class=\"_ _4\"></span>k</div>\n<div class=\"t m8 xe hd y59f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _5f\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y5a0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity accounted investees<span class=\"_ _178\"> </span>7,000<span class=\"_ _1cc\"> </span>40,167</div>\n<div class=\"t m8 xe hc y5a1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Derivative \ufb01nancial assets<span class=\"_ _24\"> </span>573<span class=\"_ _25\"> </span>920</div>\n<div class=\"t m8 xe hc y5a2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other investments - equity instruments at FVTPL<span class=\"_ _237\"> </span>1,849<span class=\"_ _15\"> </span>1,849</div>\n<div class=\"t m8 xe hc y5a3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>rade and other r<span class=\"_ _3\"></span>eceivables (see Note 24)<span class=\"_ _1b7\"> </span>59,778<span class=\"_ _1cc\"> </span>48,534</div>\n<div class=\"t m8 xe hc y5a4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Restricted cash<span class=\"_ _238\"> </span>0<span class=\"_ _1a\"> </span>76,121</div>\n<div class=\"t m8 xe hc y5a5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Cash and cash equivalents<span class=\"_ _239\"> </span>519,553<span class=\"_ _1a\"> </span>71,130</div>\n<div class=\"t m8 xe hd y5a6 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Carrying amount of \ufb01nancial assets<span class=\"_ _23a\"> </span>588,753<span class=\"_ _d\"> </span>238,721</div>\n<div class=\"t m8 xe hb y6b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e car<span class=\"_ _4\"></span>r<span class=\"_ _7\"></span>yin<span class=\"_ _4\"></span>g amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s of t<span class=\"_ _4\"></span>he \ufb01na<span class=\"_ _4\"></span>ncia<span class=\"_ _4\"></span>l as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s r<span class=\"_ _4\"></span>epr<span class=\"_ _4\"></span>ese<span class=\"_ _4\"></span>nt t<span class=\"_ _4\"></span>he ma<span class=\"_ _4\"></span>xim<span class=\"_ _4\"></span>um c<span class=\"_ _4\"></span>red<span class=\"_ _4\"></span>it ex<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>sur<span class=\"_ _4\"></span>e.</div>\n\n<div></div>\n\n<div class=\"t m0 xe h2 y6d ff2 fs0 fc2 sc0 ls2c ws1e\" style=\"z-index: 15;\">Impairment l<span class=\"_ _3\"></span>osses</div>\n<div class=\"t m8 xe hb y6e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">A<span class=\"_ _4\"></span>s pas<span class=\"_ _4\"></span>t d<span class=\"_ _4\"></span>ue ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ding r<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>ble b<span class=\"_ _4\"></span>alanc<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e imma<span class=\"_ _4\"></span>ter<span class=\"_ _4\"></span>ial, no age<span class=\"_ _4\"></span>ing an<span class=\"_ _4\"></span>aly<span class=\"_ _4\"></span>sis is d<span class=\"_ _4\"></span>isc<span class=\"_ _4\"></span>los<span class=\"_ _4\"></span>ed.</div>\n<div class=\"t m36 xe hb y6f ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">At year-<span class=\"_ _4\"></span>end 2<span class=\"_ _4\"></span>022, we rec<span class=\"_ _4\"></span>ord<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>ir<span class=\"_ _4\"></span>ment c<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>ges f<span class=\"_ _4\"></span>or b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs t<span class=\"_ _4\"></span>o and t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>de re<span class=\"_ _4\"></span>cei<span class=\"_ _4\"></span>vab<span class=\"_ _4\"></span>le ba<span class=\"_ _4\"></span>lanc<span class=\"_ _4\"></span>es f<span class=\"_ _4\"></span>rom e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y</div>\n<div class=\"t m327 xe hb y70 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">acc<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>ees fo<span class=\"_ _4\"></span>r a tot<span class=\"_ _4\"></span>al amo<span class=\"_ _4\"></span>unt of US<span class=\"_ _4\"></span>D 1<span class=\"_ _2\"></span>1.2 millio<span class=\"_ _4\"></span>n and US<span class=\"_ _4\"></span>D 2.3 millio<span class=\"_ _4\"></span>n imp<span class=\"_ _4\"></span>air<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt cha<span class=\"_ _4\"></span>rge<span class=\"_ _4\"></span>s on ot<span class=\"_ _4\"></span>her (no<span class=\"_ _4\"></span>n-</div>\n<div class=\"t m8 xe hb y71 ff1 fs9 fc2 sc0 ls29 ws22\" style=\"z-index: 15;\">trad<span class=\"_ _4\"></span>e)<span class=\"_ _3\"></span> third par<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y receivable balances.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 8%; bottom: 80px; height: 86px; width: 84%; z-index: 7;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 80px; height: 86px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 80px; height: 655px; width: 88%; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag518": {
   "value": "\n<div class=\"t m0 x1 h6 y1d6 ff2 fs4 fc1 sc0 ls0 ws0\" style=\"z-index: 15;\">Liquidit<span class=\"_ _4\"></span>y risk</div>\n<div class=\"t m0 x1 h2 y7f ff2 fs0 fc2 sc0 ls39 ws35\" style=\"z-index: 15;\">Liquidit<span class=\"_ _4\"></span>y risk policy</div>\n<div class=\"t m334 x1 hb y43 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e Grou<span class=\"_ _4\"></span>p mana<span class=\"_ _4\"></span>ges t<span class=\"_ _4\"></span>he li<span class=\"_ _4\"></span>quid<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>k in ord<span class=\"_ _4\"></span>er to m<span class=\"_ _4\"></span>eet \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial ob<span class=\"_ _4\"></span>liga<span class=\"_ _4\"></span>tion<span class=\"_ _4\"></span>s as th<span class=\"_ _4\"></span>ey fa<span class=\"_ _4\"></span>ll due. T<span class=\"_ _4\"></span>he r<span class=\"_ _4\"></span>isk i<span class=\"_ _4\"></span>s mana<span class=\"_ _4\"></span>ged</div>\n<div class=\"t m335 x1 hb y80 ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">thr<span class=\"_ _4\"></span>oug<span class=\"_ _4\"></span>h a con<span class=\"_ _4\"></span>tinu<span class=\"_ _4\"></span>ous c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow p<span class=\"_ _4\"></span>roje<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n foll<span class=\"_ _4\"></span>ow-<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>p<span class=\"_ _3\"></span>, moni<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>ing b<span class=\"_ _4\"></span>alan<span class=\"_ _4\"></span>ce sh<span class=\"_ _4\"></span>eet li<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>y r<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>io\u2019<span class=\"_ _3\"></span>s agai<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>t inte<span class=\"_ _4\"></span>rn<span class=\"_ _4\"></span>al</div>\n<div class=\"t m8 x1 hb y81 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">and r<span class=\"_ _4\"></span>egu<span class=\"_ _4\"></span>lator<span class=\"_ _7\"></span>y re<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>reme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d maint<span class=\"_ _4\"></span>ai<span class=\"_ _4\"></span>ning a di<span class=\"_ _4\"></span>ver<span class=\"_ _4\"></span>se r<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ge of f<span class=\"_ _4\"></span>und<span class=\"_ _4\"></span>ing s<span class=\"_ _4\"></span>our<span class=\"_ _4\"></span>ces w<span class=\"_ _4\"></span>ith a<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>qua<span class=\"_ _4\"></span>te bac<span class=\"_ _4\"></span>k-up f<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>iliti<span class=\"_ _4\"></span>es.</div>\n<div class=\"t m8 x1 hb y1c9 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Dif<span class=\"_ _7\"></span>fere<span class=\"_ _4\"></span>nt de<span class=\"_ _4\"></span>bt cove<span class=\"_ _4\"></span>nant<span class=\"_ _4\"></span>s e<span class=\"_ _4\"></span>xis<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>hat re<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>re com<span class=\"_ _4\"></span>plia<span class=\"_ _4\"></span>nce w<span class=\"_ _4\"></span>ith c<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ai<span class=\"_ _4\"></span>n \ufb01nan<span class=\"_ _4\"></span>cial r<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>o\u2019<span class=\"_ _3\"></span>s. A<span class=\"_ _4\"></span>s of De<span class=\"_ _4\"></span>cem<span class=\"_ _4\"></span>ber 31<span class=\"_ _1\"></span>, 2022, E<span class=\"_ _4\"></span>X</div>\n<div class=\"t m8 x14 hb y82 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m8 x1 hb y83 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">MA<span class=\"_ _4\"></span>R was co<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>liant w<span class=\"_ _4\"></span>ith a<span class=\"_ _4\"></span>ll coven<span class=\"_ _4\"></span>ant<span class=\"_ _4\"></span>s. We al<span class=\"_ _4\"></span>so ref<span class=\"_ _4\"></span>er in t<span class=\"_ _4\"></span>his re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>o Note 28 Bo<span class=\"_ _4\"></span>rro<span class=\"_ _4\"></span>win<span class=\"_ _4\"></span>gs.</div>\n<div class=\"t m0 x1 h2 y85 ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">Maturity analysi<span class=\"_ _4\"></span>s of<span class=\"_ _1\"></span> \ufb01<span class=\"_ _4\"></span>nancial liabilities, borr<span class=\"_ _3\"></span>owings to<span class=\"_ _1\"></span> eq<span class=\"_ _4\"></span>uity accounted<span class=\"_ _3\"></span> inv<span class=\"_ _3\"></span>estees and \ufb01nancial</div>\n<div class=\"t m0 x1 h2 y52e ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">guarantees</div>\n<div class=\"t m336 x1 hb y87 ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Ou<span class=\"_ _4\"></span>r cur<span class=\"_ _4\"></span>re<span class=\"_ _4\"></span>nt \ufb01na<span class=\"_ _4\"></span>ncial l<span class=\"_ _4\"></span>iabili<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s suc<span class=\"_ _4\"></span>h as t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>de an<span class=\"_ _4\"></span>d oth<span class=\"_ _4\"></span>er pay<span class=\"_ _4\"></span>able<span class=\"_ _4\"></span>s are ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d to be p<span class=\"_ _4\"></span>aid w<span class=\"_ _4\"></span>ithi<span class=\"_ _4\"></span>n the n<span class=\"_ _4\"></span>ex<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>wel<span class=\"_ _4\"></span>ve</div>\n<div class=\"t m337 x1 hb y8c ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">mon<span class=\"_ _4\"></span>ths a<span class=\"_ _4\"></span>nd are t<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>efor<span class=\"_ _4\"></span>e not inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n bel<span class=\"_ _4\"></span>ow ta<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s. Th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al mat<span class=\"_ _4\"></span>uri<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s of our \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial liab<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>ies an<span class=\"_ _4\"></span>d our</div>\n<div class=\"t m285 x1 hb y88 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owin<span class=\"_ _4\"></span>gs to e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y acc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted inve<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s, incl<span class=\"_ _4\"></span>udi<span class=\"_ _4\"></span>ng es<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>mate<span class=\"_ _4\"></span>d inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t pay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s, are d<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>aile<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he ta<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s be<span class=\"_ _4\"></span>low.</div>\n<div class=\"t m338 x1 hb y89 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al mat<span class=\"_ _4\"></span>uri<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s of our \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial lia<span class=\"_ _4\"></span>bilit<span class=\"_ _4\"></span>ies a<span class=\"_ _4\"></span>re bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al amo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>izat<span class=\"_ _4\"></span>ion t<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>les of t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>aci<span class=\"_ _4\"></span>litie<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m8 x1 hb y8a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e und<span class=\"_ _4\"></span>raw<span class=\"_ _4\"></span>n pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s of o<span class=\"_ _4\"></span>ur cr<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>t fa<span class=\"_ _4\"></span>cilit<span class=\"_ _4\"></span>ies ar<span class=\"_ _4\"></span>e not in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>ded i<span class=\"_ _4\"></span>n th<span class=\"_ _4\"></span>e ta<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s bel<span class=\"_ _4\"></span>ow.</div>\n<div class=\"t m248 x1 hb yd8 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e cont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tu<span class=\"_ _4\"></span>al mat<span class=\"_ _4\"></span>uri<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s of our b<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>row<span class=\"_ _4\"></span>ing<span class=\"_ _4\"></span>s to eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n the c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow p<span class=\"_ _4\"></span>roje<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>ns</div>\n<div class=\"t m14d x1 hb y8b ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">for f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure yea<span class=\"_ _4\"></span>rs f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e EX<span class=\"_ _4\"></span>MA<span class=\"_ _4\"></span>R LPG s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>hol<span class=\"_ _4\"></span>der<span class=\"_ _4\"></span>\u2019s loan a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>he ex<span class=\"_ _4\"></span>pec<span class=\"_ _7\"></span>ted r<span class=\"_ _4\"></span>epay<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of th<span class=\"_ _4\"></span>e loan f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e Elec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>a Of<span class=\"_ _7\"></span>f<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m1cb x1 hb y4a ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">sh<span class=\"_ _4\"></span>ore Lt<span class=\"_ _4\"></span>d fac<span class=\"_ _4\"></span>ilit<span class=\"_ _4\"></span>y (ex<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>nsi<span class=\"_ _4\"></span>on an<span class=\"_ _4\"></span>d ter<span class=\"_ _4\"></span>ms s<span class=\"_ _4\"></span>til<span class=\"_ _4\"></span>l und<span class=\"_ _4\"></span>er ne<span class=\"_ _4\"></span>got<span class=\"_ _4\"></span>iatio<span class=\"_ _4\"></span>n)<span class=\"_ _3\"></span>, exclu<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g net<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing of n<span class=\"_ _4\"></span>egat<span class=\"_ _4\"></span>ive ne<span class=\"_ _4\"></span>t as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s (s<span class=\"_ _4\"></span>ee Not<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 x1 hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">1<span class=\"_ _1\"></span>9 Bo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs to e<span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s)<span class=\"_ _3\"></span>.</div>\n<div class=\"t m339 x1 hb y4c ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R has al<span class=\"_ _4\"></span>so p<span class=\"_ _4\"></span>rovi<span class=\"_ _4\"></span>ded g<span class=\"_ _4\"></span>uar<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s to \ufb01nan<span class=\"_ _4\"></span>cial i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tit<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s that h<span class=\"_ _4\"></span>ave prov<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>d cr<span class=\"_ _4\"></span>edi<span class=\"_ _4\"></span>t fa<span class=\"_ _4\"></span>cilit<span class=\"_ _4\"></span>ies t<span class=\"_ _4\"></span>o her e<span class=\"_ _4\"></span>qui<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y ac<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m33a x1 hb y4d ff1 fs9 fc2 sc0 ls23 wsf\" style=\"z-index: 15;\">cou<span class=\"_ _4\"></span>nte<span class=\"_ _4\"></span>d inves<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>es. T<span class=\"_ _4\"></span>he am<span class=\"_ _4\"></span>ou<span class=\"_ _4\"></span>nt tha<span class=\"_ _4\"></span>t EX<span class=\"_ _4\"></span>MA<span class=\"_ _4\"></span>R coul<span class=\"_ _4\"></span>d have to p<span class=\"_ _4\"></span>ay if th<span class=\"_ _4\"></span>e guar<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>ntee i<span class=\"_ _4\"></span>s cal<span class=\"_ _4\"></span>led o<span class=\"_ _4\"></span>n, is dis<span class=\"_ _4\"></span>clo<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d be<span class=\"_ _4\"></span>low</div>\n<div class=\"t m8 x1 hb y4e ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">under \ufb01nancia<span class=\"_ _3\"></span>l guarantees.</div>\n<div class=\"t m8 x1 hd y5c0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x1 hd y5c1 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2022</div>\n<div class=\"t m8 xa4 hd y5c2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Curr<span class=\"_ _1\"></span>.</div>\n<div class=\"t m8 xa5 hd y5c0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest</div>\n<div class=\"t m8 xa6 hd y5c1 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rate</div>\n<div class=\"t m8 xa7 hd y5c2 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Matur<span class=\"_ _1\"></span>.</div>\n<div class=\"t m8 x7c hd y5c0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Carrying</div>\n<div class=\"t m8 xa8 hd y5c1 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amount</div>\n<div class=\"t m8 x29 hd y5c3 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Contractual cash \ufb02ows</div>\n<div class=\"t m8 x77 hd y5c4 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal<span class=\"_ _243\"> </span>&lt; 1 year<span class=\"_ _d7\"> </span>1-2 years<span class=\"_ _d7\"> </span>2-5 years<span class=\"_ _11\"> </span>&gt; 5 years</div>\n<div class=\"t m8 x1 hc y5c5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank loans VLGC's<span class=\"_ _7a\"> </span>USD<span class=\"_ _1c2\"> </span>5,62%<span class=\"_ _1e3\"> </span>2036<span class=\"_ _244\"> </span>-135,492<span class=\"_ _244\"> </span>-203,954<span class=\"_ _1e6\"> </span>-13,323<span class=\"_ _241\"> </span>-13,258<span class=\"_ _1e6\"> </span>-39,210<span class=\"_ _244\"> </span>-138,163</div>\n<div class=\"t m8 x1 hc y5c6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank/other loans -</div>\n<div class=\"t m8 x1 hc y5c7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pressurized \ufb02eet</div>\n<div class=\"t m8 x38 hc y5c8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD</div>\n<div class=\"t m8 xa9 hc y5c6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LIBOR+</div>\n<div class=\"t m8 x96 hc y5c9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 xaa hc y5ca ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2.4%</div>\n<div class=\"t m8 xab hc y5c9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2023 -</div>\n<div class=\"t m8 xac hc y5ca ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2025</div>\n<div class=\"t m8 x39 hc y5cb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-61,752<span class=\"_ _1c0\"> </span>-62,831<span class=\"_ _1c0\"> </span>-36,038<span class=\"_ _1c0\"> </span>-16,190<span class=\"_ _1c0\"> </span>-10,604<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5cc ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank loan - EXCALIBUR<span class=\"_ _1cd\"> </span>USD</div>\n<div class=\"t m8 xa9 hc y5cd ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LIBOR+</div>\n<div class=\"t m8 xaa hc y5ce ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2.5%</div>\n<div class=\"t m8 xac hc y5cc ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2023<span class=\"_ _1c0\"> </span>-10,004<span class=\"_ _1c0\"> </span>-10,458<span class=\"_ _1c0\"> </span>-10,458<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5cf ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank loans - other<span class=\"_ _3d\"> </span>EUR</div>\n<div class=\"t m8 xad hc y5d0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EURIBOR</div>\n<div class=\"t m8 xae hc y5d1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">+ 1.7%</div>\n<div class=\"t m8 xac hc y5cf ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2028<span class=\"_ _107\"> </span>-835<span class=\"_ _107\"> </span>-372<span class=\"_ _f9\"> </span>-356<span class=\"_ _e5\"> </span>-16<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5d2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _c3\"> </span>USD<span class=\"_ _197\"> </span>-2,127<span class=\"_ _240\"> </span>-2,387<span class=\"_ _107\"> </span>-507<span class=\"_ _107\"> </span>-464<span class=\"_ _240\"> </span>-1,416<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5d3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _245\"> </span>EUR<span class=\"_ _1ea\"> </span>-7,985<span class=\"_ _240\"> </span>-8,516<span class=\"_ _240\"> </span>-1,533<span class=\"_ _1c5\"> </span>-1,287<span class=\"_ _240\"> </span>-2,441<span class=\"_ _240\"> </span>-3,255</div>\n<div class=\"t m8 x1 hc y5d4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _1a\"> </span>SGD<span class=\"_ _a5\"> </span>-65<span class=\"_ _e5\"> </span>-66<span class=\"_ _e5\"> </span>-66<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0</div>\n<div class=\"t m8 x1 hc y5d5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _1a\"> </span>CNY<span class=\"_ _a5\"> </span>-66<span class=\"_ _f9\"> </span>-332<span class=\"_ _e5\"> </span>-20<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0</div>\n<div class=\"t m8 x1 hc y5d6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _1eb\"> </span>INR<span class=\"_ _5c\"> </span>-21<span class=\"_ _e5\"> </span>-22<span class=\"_ _e5\"> </span>-22<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0</div>\n<div class=\"t m8 xaf hd y5d7 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-218,347<span class=\"_ _b9\"> </span>-288,939<span class=\"_ _c8\"> </span>-62,322<span class=\"_ _18c\"> </span>-31,216<span class=\"_ _c8\"> </span>-53,670<span class=\"_ _b9\"> </span>-141,419</div>\n<div class=\"t m8 x1 hd y5d8 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity</div>\n<div class=\"t m8 x1 hd y5d9 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees</div>\n<div class=\"t m8 x38 hc y5da ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD<span class=\"_ _197\"> </span><span class=\"ff2\">7,000<span class=\"_ _240\"> </span>7,840<span class=\"_ _240\"> </span>7,840<span class=\"_ _1bf\"> </span>0<span class=\"_ _1bf\"> </span>0<span class=\"_ _9c\"> </span>0</span></div>\n<div class=\"t m8 x1 hc y5db ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Financial guarantees<span class=\"_ _db\"> </span><span class=\"ff6\">USD<span class=\"_ _1ed\"> </span></span>0<span class=\"_ _b9\"> </span>-270,796<span class=\"_ _246\"> </span>-56,458<span class=\"_ _246\"> </span>-27,661<span class=\"_ _b9\"> </span>-186,676<span class=\"_ _1bf\"> </span>0</div>\n<div class=\"t m8 x1 hd y5dc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 x1 hd y5dd ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2021</div>\n<div class=\"t m8 xa4 hd y5de ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Curr<span class=\"_ _1\"></span>.</div>\n<div class=\"t m8 xa5 hd y5dc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Interest</div>\n<div class=\"t m8 xa6 hd y5dd ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rate</div>\n<div class=\"t m8 xa7 hd y5de ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Matur<span class=\"_ _1\"></span>.</div>\n<div class=\"t m8 x7c hd y5dc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Carrying</div>\n<div class=\"t m8 xa8 hd y5dd ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amount</div>\n<div class=\"t m8 x29 hd y5df ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Contractual cash \ufb02ows</div>\n<div class=\"t m8 x77 hd y5e0 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal<span class=\"_ _243\"> </span>&lt; 1 year<span class=\"_ _d7\"> </span>1-2 years<span class=\"_ _d7\"> </span>2-5 years<span class=\"_ _11\"> </span>&gt; 5 years</div>\n<div class=\"t m8 x1 hc y5e1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank/other loans -</div>\n<div class=\"t m8 x1 hc y5e2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">pressurized \ufb02eet</div>\n<div class=\"t m8 x38 hc y5e3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD</div>\n<div class=\"t m8 xa9 hc y5e1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LIBOR+</div>\n<div class=\"t m8 x96 hc y5e4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 xaa hc y5e5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2.4%</div>\n<div class=\"t m8 xab hc y5e4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2023 -</div>\n<div class=\"t m8 xac hc y5e5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2025</div>\n<div class=\"t m8 x39 hc y5e6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-70,339<span class=\"_ _1c0\"> </span>-74,827<span class=\"_ _1c0\"> </span>-16,384<span class=\"_ _1c0\"> </span>-19,334<span class=\"_ _1c0\"> </span>-39,109<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5e7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank loan -</div>\n<div class=\"t m8 xb0 hc y5e8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 x1 hc y5e9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ANGO FLNG</div>\n<div class=\"t m8 x38 hc y5ea ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD</div>\n<div class=\"t m8 xa9 hc y5e8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LIBOR+ <span class=\"_ _d9\"></span> </div>\n<div class=\"t m8 xaa hc y5e9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2.2%</div>\n<div class=\"t m8 xac hc y5ea ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2029<span class=\"_ _244\"> </span>-129,265<span class=\"_ _13\"> </span>-158,464<span class=\"_ _1c0\"> </span>-21,079<span class=\"_ _1c0\"> </span>-21,880<span class=\"_ _241\"> </span>-61,334<span class=\"_ _1e6\"> </span>-54,171</div>\n<div class=\"t m8 x1 hc y5eb ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank loans VLGC's<span class=\"_ _7a\"> </span>USD<span class=\"_ _1c2\"> </span>5,62%<span class=\"_ _1e3\"> </span>2036<span class=\"_ _244\"> </span>-140,927<span class=\"_ _244\"> </span>-217,650<span class=\"_ _1e6\"> </span>-13,323<span class=\"_ _241\"> </span>-13,323<span class=\"_ _1e6\"> </span>-39,465<span class=\"_ _244\"> </span>-151,540</div>\n<div class=\"t m8 x1 hc y5ec ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bank loan - aircraft<span class=\"_ _8e\"> </span>USD<span class=\"_ _1c2\"> </span>3,16%<span class=\"_ _1e3\"> </span>2023<span class=\"_ _240\"> </span>-5,658<span class=\"_ _240\"> </span>-5,675<span class=\"_ _1c5\"> </span>-1,864<span class=\"_ _240\"> </span>-3,811<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5ed ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bond<span class=\"_ _1ac\"> </span>NOK</div>\n<div class=\"t m8 xb1 hc y5ee ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">NIBOR+</div>\n<div class=\"t m8 x96 hc y5ef ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 xb2 hc y5f0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">8.75%</div>\n<div class=\"t m8 xac hc y5f1 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _1c0\"> </span>-71,324<span class=\"_ _1c0\"> </span>-73,966<span class=\"_ _1c0\"> </span>-73,966<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5f2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other loans<span class=\"_ _1c\"> </span>USD<span class=\"_ _195\"> </span>1,0%<span class=\"_ _1e3\"> </span>2025<span class=\"_ _240\"> </span>-1,194<span class=\"_ _240\"> </span>-1,194<span class=\"_ _1c5\"> </span>-1,194<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0<span class=\"_ _df\"> </span>0</div>\n<div class=\"t m8 x1 hc y5f3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _c3\"> </span>USD<span class=\"_ _197\"> </span>-2,550<span class=\"_ _240\"> </span>-2,969<span class=\"_ _107\"> </span>-581<span class=\"_ _107\"> </span>-507<span class=\"_ _240\"> </span>-1,399<span class=\"_ _107\"> </span>-481</div>\n<div class=\"t m8 x1 hc y5f4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _245\"> </span>EUR<span class=\"_ _1ea\"> </span>-3,422<span class=\"_ _240\"> </span>-3,578<span class=\"_ _107\"> </span>-858<span class=\"_ _f9\"> </span>-833<span class=\"_ _240\"> </span>-1,667<span class=\"_ _107\"> </span>-220</div>\n<div class=\"t m8 x1 hc y5f5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _1a\"> </span>SGD<span class=\"_ _a5\"> </span>-66<span class=\"_ _e5\"> </span>-67<span class=\"_ _e5\"> </span>-66<span class=\"_ _eb\"> </span>-1<span class=\"_ _df\"> </span>0<span class=\"_ _de\"> </span>0</div>\n<div class=\"t m8 x1 hc y5f6 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities\u2005<span class=\"_ _1eb\"> </span>INR<span class=\"_ _5c\"> </span>-67<span class=\"_ _e5\"> </span>-72<span class=\"_ _e5\"> </span>-48<span class=\"_ _e5\"> </span>-25<span class=\"_ _de\"> </span>0<span class=\"_ _de\"> </span>0</div>\n<div class=\"t m8 x1 hc y5f7 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Lease liabilities ROU</div>\n<div class=\"t m8 x1 hc y5f8 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">assets</div>\n<div class=\"t m8 xb3 hc y5f9 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">CNY</div>\n<div class=\"t m8 xaf hd y5fa ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-424,812<span class=\"_ _b9\"> </span>-538,463<span class=\"_ _b9\"> </span>-129,364<span class=\"_ _246\"> </span>-59,712<span class=\"_ _b7\"> </span>-142,975<span class=\"_ _b9\"> </span>-206,412</div>\n<div class=\"t m8 x1 hd y5fb ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity</div>\n<div class=\"t m8 x1 hd y5fc ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">accounted investees</div>\n<div class=\"t m8 xb3 hc y5fd ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">USD<span class=\"_ _a3\"> </span><span class=\"ff2\">40,167<span class=\"_ _f\"> </span>43,774<span class=\"_ _1e6\"> </span>18,683<span class=\"_ _240\"> </span>7,609<span class=\"_ _f\"> </span>17,483<span class=\"_ _1bf\"> </span>0</span></div>\n<div class=\"t m8 x1 hc y5fe ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Financial guarantees<span class=\"_ _db\"> </span><span class=\"ff6\">USD<span class=\"_ _1ed\"> </span></span>0<span class=\"_ _b9\"> </span>-236,918<span class=\"_ _246\"> </span>-37,828<span class=\"_ _b9\"> </span>-124,860<span class=\"_ _246\"> </span>-20,495<span class=\"_ _246\"> </span>-53,734</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 92px; height: 1039px; width: 88%; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag515": {
   "value": "\n<div><br/></div>\n<div><br/></div>\n\n<div></div>\n<div class=\"t m0 xe h6 y1d6 ff2 fs4 fc1 sc0 ls44 ws48\" style=\"z-index: 15;\">Fair<span class=\"_ _1\"></span> values</div>\n<div class=\"t m0 xe h2 y7f ff2 fs0 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">C<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>yi<span class=\"_ _4\"></span>ng a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s ve<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>us f<span class=\"_ _4\"></span>ai<span class=\"_ _4\"></span>r va<span class=\"_ _4\"></span>lue<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 xe hd y3be ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _6f\"> </span>2022<span class=\"_ _196\"> </span>2021</div>\n<div class=\"t m8 x2 hd y5ff ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">FV hierarchy</div>\n<div class=\"t m8 x63 hd y600 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Carrying</div>\n<div class=\"t m8 x99 hd y601 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amount</div>\n<div class=\"t m8 x94 hd y5ff ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fair value<span class=\"_ _c9\"> </span>FV hierarchy</div>\n<div class=\"t m8 x17 hd y600 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Carrying</div>\n<div class=\"t m8 x59 hd y601 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amount</div>\n<div class=\"t m8 x91 hd y5ff ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fair value</div>\n<div class=\"t m8 xe hc y602 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings to equity accounted</div>\n<div class=\"t m8 xe hc y603 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">investees</div>\n<div class=\"t m8 xb4 hc y604 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2<span class=\"_ _de\"> </span>7,000<span class=\"_ _df\"> </span>7,000<span class=\"_ _e0\"> </span>2<span class=\"_ _db\"> </span>40,167<span class=\"_ _db\"> </span>39,966</div>\n<div class=\"t m8 xe hc y605 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other investments - equity</div>\n<div class=\"t m8 xe hc y606 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">instruments at FVTLP</div>\n<div class=\"t m8 xb5 hc y607 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">1/2<span class=\"_ _de\"> </span>1,849<span class=\"_ _df\"> </span>1,849<span class=\"_ _1c1\"> </span>1/2<span class=\"_ _df\"> </span>1,849<span class=\"_ _df\"> </span>1,849</div>\n<div class=\"t m8 xe hc y608 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Derivative \ufb01nancial asset<span class=\"_ _222\"> </span>2<span class=\"_ _8e\"> </span>573<span class=\"_ _8e\"> </span>573<span class=\"_ _f3\"> </span>920<span class=\"_ _8e\"> </span>920</div>\n<div class=\"t m8 xe hc y609 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Borrowings (excluding lease</div>\n<div class=\"t m8 xe hc y60a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">liabilities)</div>\n<div class=\"t m8 xb4 hc y60b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2<span class=\"_ _107\"> </span>-208,083<span class=\"_ _f9\"> </span>-234,700<span class=\"_ _e0\"> </span>2<span class=\"_ _f9\"> </span>-418,707<span class=\"_ _107\"> </span>-418,720</div>\n<div class=\"t m8 x45 hd y60c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-198,662<span class=\"_ _fe\"> </span>-225,278<span class=\"_ _1f2\"> </span>-375,771<span class=\"_ _fe\"> </span>-375,985</div>\n\n<div class=\"t m8 xe hb y8a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m1a6 x3f hb y8a ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liabi<span class=\"_ _4\"></span>litie<span class=\"_ _4\"></span>s c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>rie<span class=\"_ _4\"></span>d at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue are a<span class=\"_ _4\"></span>naly<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d an<span class=\"_ _4\"></span>d a hier<span class=\"_ _4\"></span>arc<span class=\"_ _4\"></span>hy in va<span class=\"_ _4\"></span>luati<span class=\"_ _4\"></span>on me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>d has b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 x3f hb yd8 ff1 fs9 fc2 sc0 ls25 ws19\" style=\"z-index: 15;\">de<span class=\"_ _4\"></span>\ufb01n<span class=\"_ _4\"></span>ed:<span class=\"_ _4\"></span> </div>\n<div class=\"t m8 xe hb y1d8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Level 1 b<span class=\"_ _4\"></span>ein<span class=\"_ _4\"></span>g quo<span class=\"_ _4\"></span>ted bi<span class=\"_ _4\"></span>d pr<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s in ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ive mar<span class=\"_ _4\"></span>ket<span class=\"_ _4\"></span>s fo<span class=\"_ _4\"></span>r ide<span class=\"_ _4\"></span>ntic<span class=\"_ _4\"></span>al a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s or li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s;</div>\n<div class=\"t m8 xe hb y60d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m1a7 x3f hb y4a ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Level 2 b<span class=\"_ _4\"></span>ein<span class=\"_ _4\"></span>g inp<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s in ot<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>han q<span class=\"_ _4\"></span>uote<span class=\"_ _4\"></span>d pr<span class=\"_ _4\"></span>ices i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d in level 1 t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e obs<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>vab<span class=\"_ _4\"></span>le fo<span class=\"_ _4\"></span>r the re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x3f hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">and l<span class=\"_ _4\"></span>iabil<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s, eit<span class=\"_ _4\"></span>her d<span class=\"_ _4\"></span>irec<span class=\"_ _7\"></span>tly (as p<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ces) or i<span class=\"_ _4\"></span>ndir<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ly (der<span class=\"_ _4\"></span>ive<span class=\"_ _4\"></span>d fr<span class=\"_ _4\"></span>om pr<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>es);</div>\n<div class=\"t m8 xe hb yd1 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Level 3 b<span class=\"_ _4\"></span>ein<span class=\"_ _4\"></span>g inp<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s fo<span class=\"_ _4\"></span>r the a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et or li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y th<span class=\"_ _4\"></span>at are no<span class=\"_ _4\"></span>t bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n obs<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>va<span class=\"_ _4\"></span>ble ma<span class=\"_ _4\"></span>rket d<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>a.</div>\n<div class=\"t m8 xe hb yd2 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e brea<span class=\"_ _4\"></span>kdow<span class=\"_ _4\"></span>n bet<span class=\"_ _7\"></span>wee<span class=\"_ _4\"></span>n level 1 a<span class=\"_ _4\"></span>nd 2 of t<span class=\"_ _4\"></span>he eq<span class=\"_ _4\"></span>uit<span class=\"_ _7\"></span>y ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s at F<span class=\"_ _7\"></span>V<span class=\"_ _4\"></span>TPL is s<span class=\"_ _4\"></span>how<span class=\"_ _4\"></span>n in t<span class=\"_ _4\"></span>he b<span class=\"_ _4\"></span>egin<span class=\"_ _4\"></span>ning of t<span class=\"_ _4\"></span>his n<span class=\"_ _4\"></span>ote.</div>\n<div class=\"t m0 xe h2 y72 ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">Basis for determining<span class=\"_ _3\"></span> fair values:</div>\n<div class=\"t m8 xe hb y4f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m300 x3f hb y4f ff2 fs9 fc2 sc0 ls27 ws22\" style=\"z-index: 15;\">Borrowings<span class=\"_ _3\"></span> to<span class=\"_ _3\"></span> equity account<span class=\"_ _3\"></span>ed in<span class=\"_ _3\"></span>vestees<span class=\"_ _3\"></span>:<span class=\"ff1 ls2 wsf\"> pres<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alu<span class=\"_ _4\"></span>e of fu<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>sh \ufb02<span class=\"_ _4\"></span>ows, d<span class=\"_ _4\"></span>isc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted at t<span class=\"_ _4\"></span>he ma<span class=\"_ _4\"></span>rket r<span class=\"_ _4\"></span>ate </span></div>\n<div class=\"t m8 x3f hb y50 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t at r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing d<span class=\"_ _4\"></span>ate or t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue of t<span class=\"_ _4\"></span>he und<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>lyi<span class=\"_ _4\"></span>ng pl<span class=\"_ _4\"></span>edg<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et</div>\n<div class=\"t m8 xe hb y1d1 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span><span class=\"ff2\">Eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s at F<span class=\"_ _4\"></span>V<span class=\"_ _7\"></span>TPL: </span></div>\n<div class=\"t m8 x1 hb y60e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> <span class=\"_ _247\"></span>-<span class=\"_ _cb\"> </span>Qu<span class=\"_ _4\"></span>ote<span class=\"_ _4\"></span>d clos<span class=\"_ _4\"></span>ing b<span class=\"_ _4\"></span>id pr<span class=\"_ _4\"></span>ice a<span class=\"_ _4\"></span>t rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>ting d<span class=\"_ _4\"></span>ate fo<span class=\"_ _4\"></span>r Fronte<span class=\"_ _4\"></span>ra s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es</div>\n<div class=\"t m8 x1 hb y60f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> <span class=\"_ _247\"></span>-<span class=\"_ _cb\"> </span>No<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>q<span class=\"_ _4\"></span>uote<span class=\"_ _4\"></span>d clo<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>g \ufb01x<span class=\"_ _4\"></span>ing p<span class=\"_ _4\"></span>ric<span class=\"_ _4\"></span>e at rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g date t<span class=\"_ _4\"></span>hro<span class=\"_ _4\"></span>ugh a p<span class=\"_ _4\"></span>ubl<span class=\"_ _4\"></span>ic auc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion v<span class=\"_ _4\"></span>ia Euro<span class=\"_ _4\"></span>nex<span class=\"_ _4\"></span>t fo<span class=\"_ _4\"></span>r Sib<span class=\"_ _4\"></span>elco s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es</div>\n<div class=\"t m8 xe hb y610 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m33b x3f hb y54 ff2 fs9 fc2 sc0 ls2e wsc\" style=\"z-index: 15;\">Forward contrac<span class=\"_ _4\"></span>ts:<span class=\"ff1 ls1c wsf\"> pres<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alu<span class=\"_ _4\"></span>e of the d<span class=\"_ _4\"></span>if<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>nce b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>we<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he for<span class=\"_ _7\"></span>wa<span class=\"_ _4\"></span>rd pr<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>e at rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g date a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>he for<span class=\"ls2 ws2\">-</span></span></div>\n<div class=\"t m8 x3f hb y73 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">war<span class=\"_ _4\"></span>d pr<span class=\"_ _4\"></span>ice p<span class=\"_ _4\"></span>aid</div>\n<div class=\"t m8 xe hb y1d3 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m33c x3f hb y55 ff2 fs9 fc2 sc0 ls35 ws1c\" style=\"z-index: 15;\">Interest bearing loans:<span class=\"ff1 ls19 wsb\"> pres<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alue of f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s, dis<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d at th<span class=\"_ _4\"></span>e mar<span class=\"_ _4\"></span>ket r<span class=\"_ _4\"></span>ate of int<span class=\"_ _4\"></span>eres<span class=\"_ _4\"></span>t at r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"ls2 ws2\">-</span></span></div>\n<div class=\"t m8 x3f hb y56 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ing d<span class=\"_ _4\"></span>ate</div>\n<div class=\"t m2c0 xe hb y57 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">For ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liabi<span class=\"_ _4\"></span>litie<span class=\"_ _4\"></span>s (tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>e an<span class=\"_ _4\"></span>d othe<span class=\"_ _4\"></span>r rec<span class=\"_ _4\"></span>eiv<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>es, c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h and c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h eq<span class=\"_ _4\"></span>uiv<span class=\"_ _4\"></span>alen<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s, tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>e and ot<span class=\"_ _4\"></span>her</div>\n<div class=\"t m188 xe hb y58 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">paya<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s and l<span class=\"_ _4\"></span>ease l<span class=\"_ _4\"></span>iabili<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s) not c<span class=\"_ _4\"></span>arr<span class=\"_ _4\"></span>ie<span class=\"_ _4\"></span>d at fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>e, no fair v<span class=\"_ _4\"></span>alue i<span class=\"_ _4\"></span>s dis<span class=\"_ _4\"></span>clos<span class=\"_ _4\"></span>ed b<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>au<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>he ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _4\"></span>ng amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y59 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">a reas<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>able a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>rox<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>ion of t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ues<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 8%; bottom: 542px; height: 350px; width: 84%; z-index: 7;\"></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 542px; height: 589px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 542px; height: 589px; width: 88%; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag511": {
   "value": "\n<div class=\"t m8 xe hb y8a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m1a6 x3f hb y8a ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liabi<span class=\"_ _4\"></span>litie<span class=\"_ _4\"></span>s c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>rie<span class=\"_ _4\"></span>d at f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue are a<span class=\"_ _4\"></span>naly<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>d an<span class=\"_ _4\"></span>d a hier<span class=\"_ _4\"></span>arc<span class=\"_ _4\"></span>hy in va<span class=\"_ _4\"></span>luati<span class=\"_ _4\"></span>on me<span class=\"_ _4\"></span>tho<span class=\"_ _4\"></span>d has b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n</div>\n<div class=\"t m8 x3f hb yd8 ff1 fs9 fc2 sc0 ls25 ws19\" style=\"z-index: 15;\">de<span class=\"_ _4\"></span>\ufb01n<span class=\"_ _4\"></span>ed:<span class=\"_ _4\"></span> </div>\n<div class=\"t m8 xe hb y1d8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Level 1 b<span class=\"_ _4\"></span>ein<span class=\"_ _4\"></span>g quo<span class=\"_ _4\"></span>ted bi<span class=\"_ _4\"></span>d pr<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s in ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ive mar<span class=\"_ _4\"></span>ket<span class=\"_ _4\"></span>s fo<span class=\"_ _4\"></span>r ide<span class=\"_ _4\"></span>ntic<span class=\"_ _4\"></span>al a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s or li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s;</div>\n<div class=\"t m8 xe hb y60d ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m1a7 x3f hb y4a ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Level 2 b<span class=\"_ _4\"></span>ein<span class=\"_ _4\"></span>g inp<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s in ot<span class=\"_ _4\"></span>her t<span class=\"_ _4\"></span>han q<span class=\"_ _4\"></span>uote<span class=\"_ _4\"></span>d pr<span class=\"_ _4\"></span>ices i<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>d in level 1 t<span class=\"_ _4\"></span>hat ar<span class=\"_ _4\"></span>e obs<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>vab<span class=\"_ _4\"></span>le fo<span class=\"_ _4\"></span>r the re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d as<span class=\"_ _4\"></span>set<span class=\"_ _4\"></span>s</div>\n<div class=\"t m8 x3f hb y4b ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">and l<span class=\"_ _4\"></span>iabil<span class=\"_ _4\"></span>itie<span class=\"_ _4\"></span>s, eit<span class=\"_ _4\"></span>her d<span class=\"_ _4\"></span>irec<span class=\"_ _7\"></span>tly (as p<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ces) or i<span class=\"_ _4\"></span>ndir<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ly (der<span class=\"_ _4\"></span>ive<span class=\"_ _4\"></span>d fr<span class=\"_ _4\"></span>om pr<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>es);</div>\n<div class=\"t m8 xe hb yd1 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Level 3 b<span class=\"_ _4\"></span>ein<span class=\"_ _4\"></span>g inp<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s fo<span class=\"_ _4\"></span>r the a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et or li<span class=\"_ _4\"></span>abili<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y th<span class=\"_ _4\"></span>at are no<span class=\"_ _4\"></span>t bas<span class=\"_ _4\"></span>ed o<span class=\"_ _4\"></span>n obs<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>va<span class=\"_ _4\"></span>ble ma<span class=\"_ _4\"></span>rket d<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>a.</div>\n<div class=\"t m8 xe hb yd2 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e brea<span class=\"_ _4\"></span>kdow<span class=\"_ _4\"></span>n bet<span class=\"_ _7\"></span>wee<span class=\"_ _4\"></span>n level 1 a<span class=\"_ _4\"></span>nd 2 of t<span class=\"_ _4\"></span>he eq<span class=\"_ _4\"></span>uit<span class=\"_ _7\"></span>y ins<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>ment<span class=\"_ _4\"></span>s at F<span class=\"_ _7\"></span>V<span class=\"_ _4\"></span>TPL is s<span class=\"_ _4\"></span>how<span class=\"_ _4\"></span>n in t<span class=\"_ _4\"></span>he b<span class=\"_ _4\"></span>egin<span class=\"_ _4\"></span>ning of t<span class=\"_ _4\"></span>his n<span class=\"_ _4\"></span>ote.</div>\n<div class=\"t m0 xe h2 y72 ff2 fs0 fc2 sc0 ls3b ws38\" style=\"z-index: 15;\">Basis for determining<span class=\"_ _3\"></span> fair values:</div>\n<div class=\"t m8 xe hb y4f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m300 x3f hb y4f ff2 fs9 fc2 sc0 ls27 ws22\" style=\"z-index: 15;\">Borrowings<span class=\"_ _3\"></span> to<span class=\"_ _3\"></span> equity account<span class=\"_ _3\"></span>ed in<span class=\"_ _3\"></span>vestees<span class=\"_ _3\"></span>:<span class=\"ff1 ls2 wsf\"> pres<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alu<span class=\"_ _4\"></span>e of fu<span class=\"_ _4\"></span>tur<span class=\"_ _4\"></span>e ca<span class=\"_ _4\"></span>sh \ufb02<span class=\"_ _4\"></span>ows, d<span class=\"_ _4\"></span>isc<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted at t<span class=\"_ _4\"></span>he ma<span class=\"_ _4\"></span>rket r<span class=\"_ _4\"></span>ate </span></div>\n<div class=\"t m8 x3f hb y50 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t at r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ing d<span class=\"_ _4\"></span>ate or t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ue of t<span class=\"_ _4\"></span>he und<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>lyi<span class=\"_ _4\"></span>ng pl<span class=\"_ _4\"></span>edg<span class=\"_ _4\"></span>ed a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>et</div>\n<div class=\"t m8 xe hb y1d1 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span><span class=\"ff2\">Eq<span class=\"_ _4\"></span>uit<span class=\"_ _4\"></span>y i<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ru<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s at F<span class=\"_ _4\"></span>V<span class=\"_ _7\"></span>TPL: </span></div>\n<div class=\"t m8 x1 hb y60e ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> <span class=\"_ _247\"></span>-<span class=\"_ _cb\"> </span>Qu<span class=\"_ _4\"></span>ote<span class=\"_ _4\"></span>d clos<span class=\"_ _4\"></span>ing b<span class=\"_ _4\"></span>id pr<span class=\"_ _4\"></span>ice a<span class=\"_ _4\"></span>t rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>ting d<span class=\"_ _4\"></span>ate fo<span class=\"_ _4\"></span>r Fronte<span class=\"_ _4\"></span>ra s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es</div>\n<div class=\"t m8 x1 hb y60f ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> <span class=\"_ _247\"></span>-<span class=\"_ _cb\"> </span>No<span class=\"_ _4\"></span>n-<span class=\"_ _4\"></span>q<span class=\"_ _4\"></span>uote<span class=\"_ _4\"></span>d clo<span class=\"_ _4\"></span>sin<span class=\"_ _4\"></span>g \ufb01x<span class=\"_ _4\"></span>ing p<span class=\"_ _4\"></span>ric<span class=\"_ _4\"></span>e at rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g date t<span class=\"_ _4\"></span>hro<span class=\"_ _4\"></span>ugh a p<span class=\"_ _4\"></span>ubl<span class=\"_ _4\"></span>ic auc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion v<span class=\"_ _4\"></span>ia Euro<span class=\"_ _4\"></span>nex<span class=\"_ _4\"></span>t fo<span class=\"_ _4\"></span>r Sib<span class=\"_ _4\"></span>elco s<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>es</div>\n<div class=\"t m8 xe hb y610 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m33b x3f hb y54 ff2 fs9 fc2 sc0 ls2e wsc\" style=\"z-index: 15;\">Forward contrac<span class=\"_ _4\"></span>ts:<span class=\"ff1 ls1c wsf\"> pres<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alu<span class=\"_ _4\"></span>e of the d<span class=\"_ _4\"></span>if<span class=\"_ _4\"></span>f<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>nce b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>we<span class=\"_ _4\"></span>en t<span class=\"_ _4\"></span>he for<span class=\"_ _7\"></span>wa<span class=\"_ _4\"></span>rd pr<span class=\"_ _4\"></span>ic<span class=\"_ _4\"></span>e at rep<span class=\"_ _4\"></span>or<span class=\"_ _7\"></span>tin<span class=\"_ _4\"></span>g date a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>he for<span class=\"ls2 ws2\">-</span></span></div>\n<div class=\"t m8 x3f hb y73 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">war<span class=\"_ _4\"></span>d pr<span class=\"_ _4\"></span>ice p<span class=\"_ _4\"></span>aid</div>\n<div class=\"t m8 xe hb y1d3 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m33c x3f hb y55 ff2 fs9 fc2 sc0 ls35 ws1c\" style=\"z-index: 15;\">Interest bearing loans:<span class=\"ff1 ls19 wsb\"> pres<span class=\"_ _4\"></span>ent v<span class=\"_ _4\"></span>alue of f<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ure c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h \ufb02ow<span class=\"_ _4\"></span>s, dis<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>unte<span class=\"_ _4\"></span>d at th<span class=\"_ _4\"></span>e mar<span class=\"_ _4\"></span>ket r<span class=\"_ _4\"></span>ate of int<span class=\"_ _4\"></span>eres<span class=\"_ _4\"></span>t at r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t<span class=\"ls2 ws2\">-</span></span></div>\n<div class=\"t m8 x3f hb y56 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ing d<span class=\"_ _4\"></span>ate</div>\n<div class=\"t m2c0 xe hb y57 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">For ce<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ain \ufb01<span class=\"_ _4\"></span>nanc<span class=\"_ _4\"></span>ial as<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d liabi<span class=\"_ _4\"></span>litie<span class=\"_ _4\"></span>s (tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>e an<span class=\"_ _4\"></span>d othe<span class=\"_ _4\"></span>r rec<span class=\"_ _4\"></span>eiv<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>es, c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h and c<span class=\"_ _4\"></span>as<span class=\"_ _4\"></span>h eq<span class=\"_ _4\"></span>uiv<span class=\"_ _4\"></span>alen<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s, tr<span class=\"_ _4\"></span>ad<span class=\"_ _4\"></span>e and ot<span class=\"_ _4\"></span>her</div>\n<div class=\"t m188 xe hb y58 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">paya<span class=\"_ _4\"></span>ble<span class=\"_ _4\"></span>s and l<span class=\"_ _4\"></span>ease l<span class=\"_ _4\"></span>iabili<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s) not c<span class=\"_ _4\"></span>arr<span class=\"_ _4\"></span>ie<span class=\"_ _4\"></span>d at fa<span class=\"_ _4\"></span>ir valu<span class=\"_ _4\"></span>e, no fair v<span class=\"_ _4\"></span>alue i<span class=\"_ _4\"></span>s dis<span class=\"_ _4\"></span>clos<span class=\"_ _4\"></span>ed b<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>au<span class=\"_ _4\"></span>se t<span class=\"_ _4\"></span>he ca<span class=\"_ _4\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _4\"></span>ng amo<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>s ar<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y59 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">a reas<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>able a<span class=\"_ _4\"></span>pp<span class=\"_ _4\"></span>rox<span class=\"_ _4\"></span>imat<span class=\"_ _4\"></span>ion of t<span class=\"_ _4\"></span>he f<span class=\"_ _4\"></span>air val<span class=\"_ _4\"></span>ues<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 8%; bottom: 542px; height: 350px; width: 84%; z-index: 7;\"></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag512": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 xe h11 y42 ff2 fsb fc3 sc0 ls57 ws61\" style=\"z-index: 15;\">NOTE 34 - CAPIT<span class=\"_ _2\"></span>AL<span class=\"_ _4\"></span> COM<span class=\"_ _3\"></span>MITMENTS</div>\n<div class=\"t m343 xe hb y7f ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">At year-<span class=\"_ _4\"></span>end 20<span class=\"_ _4\"></span>22, the Gr<span class=\"_ _4\"></span>oup h<span class=\"_ _4\"></span>as c<span class=\"_ _4\"></span>api<span class=\"_ _4\"></span>tal c<span class=\"_ _4\"></span>ommi<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s wi<span class=\"_ _4\"></span>th i<span class=\"_ _4\"></span>ts j<span class=\"_ _4\"></span>oint-ve<span class=\"_ _4\"></span>ntu<span class=\"_ _4\"></span>re par<span class=\"_ _7\"></span>tn<span class=\"_ _4\"></span>er SE<span class=\"_ _4\"></span>APE<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span>K (each 5<span class=\"_ _4\"></span>0%) relat<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m344 xe hb y43 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">to sh<span class=\"_ _4\"></span>ipb<span class=\"_ _4\"></span>uild<span class=\"_ _4\"></span>ing co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h Hyu<span class=\"_ _4\"></span>ndai M<span class=\"_ _4\"></span>ipo D<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>k<span class=\"_ _4\"></span>yard CO, Ltd. for t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion of t<span class=\"_ _7\"></span>wo new m<span class=\"_ _4\"></span>ids<span class=\"_ _4\"></span>ize 46,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0m</div>\n<div class=\"t m345 x3d h15 y629 ff1 fse fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">3</div>\n<div class=\"t m344 xb6 hb y43 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 xe hb y80 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LPG<span class=\"_ _4\"></span>/<span class=\"_ _3\"></span>ammo<span class=\"_ _4\"></span>nia c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s for a tot<span class=\"_ _4\"></span>al v<span class=\"_ _4\"></span>alue of US<span class=\"_ _4\"></span>D 1<span class=\"_ _1\"></span>38.0 mil<span class=\"_ _4\"></span>lion, of w<span class=\"_ _4\"></span>hich US<span class=\"_ _4\"></span>D 1<span class=\"_ _1\"></span>3.8 milli<span class=\"_ _4\"></span>on has b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n pre<span class=\"_ _4\"></span>pai<span class=\"_ _4\"></span>d in 2022.</div>\n<div class=\"t m8 xe hb y62a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Per Dec<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2021<span class=\"_ _1\"></span>, the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p had no m<span class=\"_ _4\"></span>ater<span class=\"_ _4\"></span>ial o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>ng c<span class=\"_ _4\"></span>apit<span class=\"_ _4\"></span>al c<span class=\"_ _4\"></span>ommi<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 1037px; height: 102px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 1037px; height: 102px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag519": {
   "value": "\n<div class=\"t m0 xe h11 y42 ff2 fsb fc3 sc0 ls57 ws61\" style=\"z-index: 15;\">NOTE 34 - CAPIT<span class=\"_ _2\"></span>AL<span class=\"_ _4\"></span> COM<span class=\"_ _3\"></span>MITMENTS</div>\n<div class=\"t m343 xe hb y7f ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">At year-<span class=\"_ _4\"></span>end 20<span class=\"_ _4\"></span>22, the Gr<span class=\"_ _4\"></span>oup h<span class=\"_ _4\"></span>as c<span class=\"_ _4\"></span>api<span class=\"_ _4\"></span>tal c<span class=\"_ _4\"></span>ommi<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s wi<span class=\"_ _4\"></span>th i<span class=\"_ _4\"></span>ts j<span class=\"_ _4\"></span>oint-ve<span class=\"_ _4\"></span>ntu<span class=\"_ _4\"></span>re par<span class=\"_ _7\"></span>tn<span class=\"_ _4\"></span>er SE<span class=\"_ _4\"></span>APE<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span>K (each 5<span class=\"_ _4\"></span>0%) relat<span class=\"_ _4\"></span>ed</div>\n<div class=\"t m344 xe hb y43 ff1 fs9 fc2 sc0 ls2 wsc\" style=\"z-index: 15;\">to sh<span class=\"_ _4\"></span>ipb<span class=\"_ _4\"></span>uild<span class=\"_ _4\"></span>ing co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h Hyu<span class=\"_ _4\"></span>ndai M<span class=\"_ _4\"></span>ipo D<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>k<span class=\"_ _4\"></span>yard CO, Ltd. for t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion of t<span class=\"_ _7\"></span>wo new m<span class=\"_ _4\"></span>ids<span class=\"_ _4\"></span>ize 46,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0m</div>\n<div class=\"t m345 x3d h15 y629 ff1 fse fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">3</div>\n<div class=\"t m344 xb6 hb y43 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> </div>\n<div class=\"t m8 xe hb y80 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">LPG<span class=\"_ _4\"></span>/<span class=\"_ _3\"></span>ammo<span class=\"_ _4\"></span>nia c<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s for a tot<span class=\"_ _4\"></span>al v<span class=\"_ _4\"></span>alue of US<span class=\"_ _4\"></span>D 1<span class=\"_ _1\"></span>38.0 mil<span class=\"_ _4\"></span>lion, of w<span class=\"_ _4\"></span>hich US<span class=\"_ _4\"></span>D 1<span class=\"_ _1\"></span>3.8 milli<span class=\"_ _4\"></span>on has b<span class=\"_ _4\"></span>ee<span class=\"_ _4\"></span>n pre<span class=\"_ _4\"></span>pai<span class=\"_ _4\"></span>d in 2022.</div>\n<div class=\"t m8 xe hb y62a ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Per Dec<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2021<span class=\"_ _1\"></span>, the G<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>p had no m<span class=\"_ _4\"></span>ater<span class=\"_ _4\"></span>ial o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>ng c<span class=\"_ _4\"></span>apit<span class=\"_ _4\"></span>al c<span class=\"_ _4\"></span>ommi<span class=\"_ _4\"></span>tm<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 1037px; height: 102px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 xe h11 y88 ff2 fsb fc3 sc0 ls40 ws44\" style=\"z-index: 15;\">NOTE 3<span class=\"_ _1\"></span>5 \u2013 CONTINGENCIES</div>\n<div class=\"t m346 xe hb y8a ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Seve<span class=\"_ _4\"></span>ral o<span class=\"_ _4\"></span>f the Gr<span class=\"_ _4\"></span>oup\u2019<span class=\"_ _3\"></span>s com<span class=\"_ _4\"></span>pani<span class=\"_ _4\"></span>es are i<span class=\"_ _4\"></span>nvolve<span class=\"_ _4\"></span>d in a nu<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r of le<span class=\"_ _4\"></span>gal di<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>utes a<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>sing f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m the<span class=\"_ _4\"></span>ir day-<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>day op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb yd8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">tio<span class=\"_ _4\"></span>ns.  M<span class=\"_ _4\"></span>anag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt do<span class=\"_ _4\"></span>es not e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>he o<span class=\"_ _4\"></span>utco<span class=\"_ _4\"></span>me of t<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e pro<span class=\"_ _4\"></span>ce<span class=\"_ _4\"></span>dur<span class=\"_ _4\"></span>es to have a<span class=\"_ _4\"></span>ny mater<span class=\"_ _4\"></span>ial ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>t on t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up\u2019<span class=\"_ _1\"></span>s</div>\n<div class=\"t m8 xe hb y1d8 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">\ufb01nancial<span class=\"_ _3\"></span> position.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 839px; height: 86px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag505": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 xe h11 y88 ff2 fsb fc3 sc0 ls40 ws44\" style=\"z-index: 15;\">NOTE 3<span class=\"_ _1\"></span>5 \u2013 CONTINGENCIES</div>\n<div class=\"t m346 xe hb y8a ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Seve<span class=\"_ _4\"></span>ral o<span class=\"_ _4\"></span>f the Gr<span class=\"_ _4\"></span>oup\u2019<span class=\"_ _3\"></span>s com<span class=\"_ _4\"></span>pani<span class=\"_ _4\"></span>es are i<span class=\"_ _4\"></span>nvolve<span class=\"_ _4\"></span>d in a nu<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r of le<span class=\"_ _4\"></span>gal di<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>utes a<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>sing f<span class=\"_ _4\"></span>ro<span class=\"_ _4\"></span>m the<span class=\"_ _4\"></span>ir day-<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>day op<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb yd8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">tio<span class=\"_ _4\"></span>ns.  M<span class=\"_ _4\"></span>anag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt do<span class=\"_ _4\"></span>es not e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t t<span class=\"_ _4\"></span>he o<span class=\"_ _4\"></span>utco<span class=\"_ _4\"></span>me of t<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e pro<span class=\"_ _4\"></span>ce<span class=\"_ _4\"></span>dur<span class=\"_ _4\"></span>es to have a<span class=\"_ _4\"></span>ny mater<span class=\"_ _4\"></span>ial ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>t on t<span class=\"_ _4\"></span>he Gro<span class=\"_ _4\"></span>up\u2019<span class=\"_ _1\"></span>s</div>\n<div class=\"t m8 xe hb y1d8 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">\ufb01nancial<span class=\"_ _3\"></span> position.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 839px; height: 86px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 839px; height: 86px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag516": {
   "value": "\n<div class=\"t m0 xe h11 y9b ff2 fsb fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 3<span class=\"_ _1\"></span>6 - REL<span class=\"_ _4\"></span>A<span class=\"_ _1\"></span>TED P<span class=\"_ _2\"></span>ARTIES</div>\n<div class=\"t m0 xe h6 y62b ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Ultimate c<span class=\"_ _3\"></span>ontrolling part<span class=\"_ _4\"></span>y</div>\n<div class=\"t m347 xe hb y73 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Saverex NV<span class=\"_ _1\"></span>, th<span class=\"_ _4\"></span>e majo<span class=\"_ _4\"></span>r Belg<span class=\"_ _4\"></span>ian s<span class=\"_ _4\"></span>hare<span class=\"_ _4\"></span>hol<span class=\"_ _4\"></span>der of EXMAR NV pre<span class=\"_ _4\"></span>par<span class=\"_ _4\"></span>es IFRS c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>olid<span class=\"_ _4\"></span>ate<span class=\"_ _4\"></span>d \ufb01nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h</div>\n<div class=\"t m342 xe hb y55 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">are p<span class=\"_ _4\"></span>ubli<span class=\"_ _4\"></span>cly av<span class=\"_ _4\"></span>ailab<span class=\"_ _4\"></span>le. Saver<span class=\"_ _4\"></span>ex NV is c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>rolle<span class=\"_ _4\"></span>d by Mr. Nicolas S<span class=\"_ _4\"></span>aver<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>s (E<span class=\"_ _4\"></span>xec<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ive c<span class=\"_ _4\"></span>hair<span class=\"_ _4\"></span>man o<span class=\"_ _4\"></span>f the B<span class=\"_ _4\"></span>oard o<span class=\"_ _4\"></span>f Dire<span class=\"_ _4\"></span>c<span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 xe hb y56 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">tor<span class=\"_ _4\"></span>s of E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR).  </div>\n<div class=\"t m0 xe h6 y62c ff2 fs4 fc1 sc0 ls45 ws65\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ransac<span class=\"_ _4\"></span>tions with controlling<span class=\"_ _3\"></span> shareholder and with controlling<span class=\"_ _3\"></span> shareholder related parties</div>\n<div class=\"t m94 xe hb y5a ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Saver<span class=\"_ _4\"></span>b<span class=\"_ _4\"></span>el NV<span class=\"_ _1\"></span>, co<span class=\"_ _4\"></span>ntr<span class=\"_ _4\"></span>olle<span class=\"_ _4\"></span>d by Mr<span class=\"_ _1\"></span>. N<span class=\"_ _4\"></span>icola<span class=\"_ _4\"></span>s Saver<span class=\"_ _7\"></span>ys, r<span class=\"_ _4\"></span>ech<span class=\"_ _4\"></span>arg<span class=\"_ _4\"></span>ed ad<span class=\"_ _4\"></span>mini<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ative ex<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es fo<span class=\"_ _4\"></span>r KEUR 79 to th<span class=\"_ _4\"></span>e Gro<span class=\"_ _4\"></span>up 2022</div>\n<div class=\"t m348 xe hb y5b ff1 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">(sa<span class=\"_ _4\"></span>me pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d 2021<span class=\"_ _1\"></span>: KEUR 7<span class=\"_ _3\"></span>6)<span class=\"_ _1\"></span>. T<span class=\"_ _4\"></span>he o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>ng bala<span class=\"_ _4\"></span>nce at D<span class=\"_ _4\"></span>ece<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2022 am<span class=\"_ _4\"></span>ount<span class=\"_ _4\"></span>ed to K<span class=\"_ _4\"></span>EUR 27 (year-<span class=\"_ _4\"></span>end</div>\n<div class=\"t m8 xe hb y5c ff1 fs9 fc2 sc0 ls49 ws4d\" style=\"z-index: 15;\">20<span class=\"_ _4\"></span>21<span class=\"_ _3\"></span>: K<span class=\"_ _4\"></span>EU<span class=\"_ _4\"></span>R<span class=\"_ _4\"></span> 27<span class=\"_ _4\"></span>).</div>\n<div class=\"t m349 xe hb y5d ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Saver<span class=\"_ _4\"></span>ex NV<span class=\"_ _1\"></span>, als<span class=\"_ _4\"></span>o co<span class=\"_ _4\"></span>ntro<span class=\"_ _4\"></span>lle<span class=\"_ _4\"></span>d by Mr<span class=\"_ _1\"></span>. N<span class=\"_ _4\"></span>icola<span class=\"_ _4\"></span>s Saver<span class=\"_ _7\"></span>ys, c<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>ge<span class=\"_ _4\"></span>d cons<span class=\"_ _4\"></span>ult<span class=\"_ _4\"></span>ing fe<span class=\"_ _4\"></span>es fo<span class=\"_ _4\"></span>r KEUR 2.<span class=\"_ _3\"></span>90<span class=\"_ _4\"></span>0 du<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ng 2022 (s<span class=\"_ _4\"></span>am<span class=\"_ _4\"></span>e pe<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m34a xe hb y5e ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">ri<span class=\"_ _4\"></span>od 2021<span class=\"_ _1\"></span>: KEU<span class=\"_ _4\"></span>R 7<span class=\"_ _3\"></span>50), whic<span class=\"_ _4\"></span>h wa<span class=\"_ _4\"></span>s full<span class=\"_ _4\"></span>y pai<span class=\"_ _4\"></span>d by Dec<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2022 (<span class=\"_ _4\"></span>year-e<span class=\"_ _4\"></span>nd 20<span class=\"_ _4\"></span>21<span class=\"_ _1\"></span>: KEUR 0). Fur<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>m<span class=\"_ _4\"></span>ore, Saver<span class=\"_ _4\"></span>ex</div>\n<div class=\"t m34b xe hb y5f ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">cha<span class=\"_ _4\"></span>rge<span class=\"_ _4\"></span>d KEUR 0 a<span class=\"_ _4\"></span>dmi<span class=\"_ _4\"></span>nis<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>ati<span class=\"_ _4\"></span>ve ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>s in 202<span class=\"_ _4\"></span>2 (sam<span class=\"_ _4\"></span>e pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d 2021<span class=\"_ _1\"></span>: KEUR 23) a<span class=\"_ _4\"></span>nd K<span class=\"_ _4\"></span>EUR 232 tim<span class=\"_ _4\"></span>e-<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>har<span class=\"_ _7\"></span>ter r<span class=\"_ _4\"></span>evenu<span class=\"_ _4\"></span>e</div>\n<div class=\"t m4a xe hb y60 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">for t<span class=\"_ _4\"></span>he ya<span class=\"_ _4\"></span>cht \u201cDo<span class=\"_ _4\"></span>uce Fr<span class=\"_ _4\"></span>anc<span class=\"_ _4\"></span>e\u201d to Ex<span class=\"_ _4\"></span>mar Yachtin<span class=\"_ _4\"></span>g (sam<span class=\"_ _4\"></span>e per<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>d 2021<span class=\"_ _1\"></span>: KEUR 235). Th<span class=\"_ _4\"></span>e bala<span class=\"_ _4\"></span>nce o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ndin<span class=\"_ _4\"></span>g at year-</div>\n<div class=\"t m8 xe hb y75 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">en<span class=\"_ _4\"></span>d 2022 am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>ted to K<span class=\"_ _4\"></span>EUR 0 (ye<span class=\"_ _4\"></span>ar-en<span class=\"_ _4\"></span>d 2021<span class=\"_ _1\"></span>: KEUR 1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>2).</div>\n<div class=\"t m251 xe hb y76 ff1 fs9 fc2 sc0 ls1b wsc\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R Ship<span class=\"_ _4\"></span>man<span class=\"_ _4\"></span>age<span class=\"_ _4\"></span>ment c<span class=\"_ _4\"></span>har<span class=\"_ _4\"></span>ged K<span class=\"_ _4\"></span>EUR 6<span class=\"_ _1\"></span>1 to Saver<span class=\"_ _4\"></span>ex for s<span class=\"_ _4\"></span>hip<span class=\"_ _4\"></span>manag<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>ent s<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ices i<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t of th<span class=\"_ _4\"></span>e yac<span class=\"_ _4\"></span>ht \"Douc<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y61 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fra<span class=\"_ _4\"></span>nce<span class=\"_ _3\"></span>\" in 202<span class=\"_ _4\"></span>2 (sam<span class=\"_ _4\"></span>e per<span class=\"_ _4\"></span>io<span class=\"_ _4\"></span>d 2021<span class=\"_ _1\"></span>: KEUR 26), for whi<span class=\"_ _4\"></span>ch KEU<span class=\"_ _4\"></span>R 1 is ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g (year-<span class=\"_ _4\"></span>end 2<span class=\"_ _4\"></span>021<span class=\"_ _1\"></span>: KEUR 0).</div>\n<div class=\"t m34c xe hb y77 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>avel PLUS invoic<span class=\"_ _4\"></span>ed a tot<span class=\"_ _4\"></span>al of K<span class=\"_ _4\"></span>EUR 33 to S<span class=\"_ _4\"></span>averex i<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t of tr<span class=\"_ _4\"></span>avel s<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _4\"></span>es pr<span class=\"_ _4\"></span>ovid<span class=\"_ _4\"></span>ed d<span class=\"_ _4\"></span>ur<span class=\"_ _4\"></span>ing 202<span class=\"_ _4\"></span>2 (sa<span class=\"_ _4\"></span>me pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 xe hb y63 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2021<span class=\"_ _1\"></span>: KEUR 29), of w<span class=\"_ _4\"></span>hich K<span class=\"_ _4\"></span>EUR 1 is o<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ta<span class=\"_ _4\"></span>ndi<span class=\"_ _4\"></span>ng (yea<span class=\"_ _4\"></span>r-en<span class=\"_ _4\"></span>d 2021<span class=\"_ _1\"></span>: KEUR 0<span class=\"_ _4\"></span>).  </div>\n<div class=\"t m34d xe hb yac ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">Fur<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>rm<span class=\"_ _4\"></span>ore, du<span class=\"_ _4\"></span>rin<span class=\"_ _4\"></span>g 2022, an am<span class=\"_ _4\"></span>ou<span class=\"_ _4\"></span>nt of KEUR 108 (s<span class=\"_ _4\"></span>ame p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod 2<span class=\"_ _4\"></span>021<span class=\"_ _1\"></span>: KEUR 82) wa<span class=\"_ _4\"></span>s invoic<span class=\"_ _4\"></span>ed to Mr N<span class=\"_ _4\"></span>icol<span class=\"_ _4\"></span>as Saver<span class=\"_ _7\"></span>ys</div>\n<div class=\"t m34e xe hb yad ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">as a re<span class=\"_ _4\"></span>cha<span class=\"_ _4\"></span>rge of p<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>vate e<span class=\"_ _4\"></span>xp<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>es<span class=\"_ _4\"></span>.  The r<span class=\"_ _4\"></span>elate<span class=\"_ _4\"></span>d ou<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>din<span class=\"_ _4\"></span>g bala<span class=\"_ _4\"></span>nce a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nted t<span class=\"_ _4\"></span>o KEUR 1<span class=\"_ _1\"></span>1 (yea<span class=\"_ _4\"></span>r<span class=\"_ _3\"></span>-<span class=\"_ _4\"></span>end 2<span class=\"_ _4\"></span>021<span class=\"_ _1\"></span>: KEUR 0).</div>\n<div class=\"t m8 xe hb yc8 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>ans<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ions w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h relat<span class=\"_ _4\"></span>ed pa<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>es ar<span class=\"_ _4\"></span>e at ar<span class=\"_ _4\"></span>m\u2019<span class=\"_ _3\"></span>s len<span class=\"_ _4\"></span>gt<span class=\"_ _4\"></span>h con<span class=\"_ _4\"></span>diti<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 294px; height: 416px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x1 h6 y1d6 ff2 fs4 fc1 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ons w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h join<span class=\"_ _4\"></span>t vent<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>s and a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>d com<span class=\"_ _4\"></span>pan<span class=\"_ _4\"></span>ies</div>\n<div class=\"t m34f x1 hb y7f ff1 fs9 fc2 sc0 ls10 wsd\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R prov<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>s ge<span class=\"_ _4\"></span>ner<span class=\"_ _4\"></span>al, acco<span class=\"_ _4\"></span>unt<span class=\"_ _4\"></span>ing, co<span class=\"_ _4\"></span>rp<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>ate, site s<span class=\"_ _4\"></span>up<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>vis<span class=\"_ _4\"></span>ion an<span class=\"_ _4\"></span>d shi<span class=\"_ _4\"></span>p mana<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent s<span class=\"_ _4\"></span>er<span class=\"_ _7\"></span>vice<span class=\"_ _4\"></span>s to it<span class=\"_ _4\"></span>s joi<span class=\"_ _4\"></span>nt vent<span class=\"_ _4\"></span>ure<span class=\"_ _4\"></span>s</div>\n<div class=\"t m1f5 x1 hb y43 ff1 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">and a<span class=\"_ _4\"></span>ss<span class=\"_ _4\"></span>oc<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>s. For t<span class=\"_ _4\"></span>he<span class=\"_ _4\"></span>se s<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>ice<span class=\"_ _4\"></span>s, fee<span class=\"_ _4\"></span>s are c<span class=\"_ _4\"></span>harg<span class=\"_ _4\"></span>ed b<span class=\"_ _4\"></span>ase<span class=\"_ _4\"></span>d on c<span class=\"_ _4\"></span>ont<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tua<span class=\"_ _4\"></span>l agre<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s b<span class=\"_ _4\"></span>et<span class=\"_ _4\"></span>we<span class=\"_ _4\"></span>en all p<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ies i<span class=\"_ _4\"></span>nvolve<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m1bf x1 hb y80 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Bel<span class=\"_ _4\"></span>ow ta<span class=\"_ _4\"></span>ble g<span class=\"_ _4\"></span>ives a<span class=\"_ _4\"></span>n over<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>iew of t<span class=\"_ _4\"></span>he si<span class=\"_ _4\"></span>gni\ufb01<span class=\"_ _4\"></span>ca<span class=\"_ _4\"></span>nt rec<span class=\"_ _4\"></span>eiv<span class=\"_ _4\"></span>able<span class=\"_ _4\"></span>s, sig<span class=\"_ _4\"></span>ni\ufb01c<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>t paya<span class=\"_ _4\"></span>bles a<span class=\"_ _4\"></span>nd t<span class=\"_ _4\"></span>he rel<span class=\"_ _4\"></span>ated P&amp;L am<span class=\"_ _4\"></span>oun<span class=\"_ _4\"></span>t of</div>\n<div class=\"t m8 x1 hb y81 ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">ser<span class=\"_ _4\"></span>vices provided and<span class=\"_ _3\"></span> received.</div>\n<div class=\"t m8 x13 hd y62d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">December 31, 2022<span class=\"_ _3d\"> </span>December 31, 2021</div>\n<div class=\"t m8 x1 hd y62e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)<span class=\"_ _f4\"> </span>Receivables<span class=\"_ _dc\"> </span>Payables<span class=\"_ _ff\"> </span>Receivables<span class=\"_ _dc\"> </span>Payables</div>\n<div class=\"t m8 x1 hc y62f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Ship management services<span class=\"_ _110\"> </span>2,923<span class=\"_ _7a\"> </span>1,591<span class=\"_ _7a\"> </span>6,373<span class=\"_ _18\"> </span>105</div>\n<div class=\"t m8 x1 hc y630 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">General, accounting and corporate services<span class=\"_ _96\"> </span>1,151<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m8 x1 hc y631 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Site supervision &amp; plan approval services<span class=\"_ _a5\"> </span>0<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m8 x1 hc y632 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Rental services<span class=\"_ _24f\"> </span>0<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m8 xb7 hd y633 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _217\"> </span>2021</div>\n<div class=\"t m8 x1 hd y634 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of USD)</div>\n<div class=\"t m8 xb8 hd y635 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Services</div>\n<div class=\"t m8 x58 hd y636 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">provided P&amp;L</div>\n<div class=\"t m8 x41 hd y635 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Services</div>\n<div class=\"t m8 xb9 hd y636 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">received P&amp;L</div>\n<div class=\"t m8 x6f hd y635 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Services</div>\n<div class=\"t m8 x89 hd y636 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">provided P&amp;L</div>\n<div class=\"t m8 x92 hd y635 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Services</div>\n<div class=\"t m8 xba hd y636 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">received P&amp;L</div>\n<div class=\"t m8 x1 hc y637 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Ship management services<span class=\"_ _24a\"> </span>12,752<span class=\"_ _27\"> </span>0<span class=\"_ _8a\"> </span>16,247<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m8 x1 hc y638 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">General, accounting and corporate services<span class=\"_ _e6\"> </span>999<span class=\"_ _15\"> </span>0<span class=\"_ _18\"> </span>817<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m8 x1 hc y639 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Site supervision &amp; plan approval services<span class=\"_ _a5\"> </span>0<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0<span class=\"_ _15\"> </span>0</div>\n<div class=\"t m8 x1 hc y63a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Rental &amp; other services<span class=\"_ _14a\"> </span>0<span class=\"_ _15\"> </span>0<span class=\"_ _15\"> </span>0<span class=\"_ _27\"> </span>0</div>\n<div class=\"t m8 x1 hb y72 ff1 fs9 fc2 sc0 ls2 ws16\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R als<span class=\"_ _4\"></span>o prov<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>s bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owin<span class=\"_ _4\"></span>gs to i<span class=\"_ _4\"></span>ts j<span class=\"_ _4\"></span>oint ve<span class=\"_ _4\"></span>ntu<span class=\"_ _4\"></span>res a<span class=\"_ _4\"></span>nd as<span class=\"_ _4\"></span>so<span class=\"_ _4\"></span>ciat<span class=\"_ _4\"></span>es for w<span class=\"_ _4\"></span>hic<span class=\"_ _4\"></span>h an in<span class=\"_ _4\"></span>tere<span class=\"_ _4\"></span>st i<span class=\"_ _4\"></span>nco<span class=\"_ _4\"></span>me is re<span class=\"_ _4\"></span>co<span class=\"_ _4\"></span>gnis<span class=\"_ _4\"></span>ed i<span class=\"_ _4\"></span>n</div>\n<div class=\"t mc1 x1 hb y4f ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">th<span class=\"_ _4\"></span>e \ufb01nan<span class=\"_ _4\"></span>cial s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>. We refer to N<span class=\"_ _4\"></span>ote 1<span class=\"_ _1\"></span>9 B<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>rowi<span class=\"_ _4\"></span>ngs t<span class=\"_ _4\"></span>o equ<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y ac<span class=\"_ _4\"></span>cou<span class=\"_ _4\"></span>nted i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tee<span class=\"_ _4\"></span>s for an o<span class=\"_ _4\"></span>ver<span class=\"_ _4\"></span>v<span class=\"_ _4\"></span>iew of t<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 x1 hb y50 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">bo<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>owin<span class=\"_ _4\"></span>gs an<span class=\"_ _4\"></span>d to Note 12 Fina<span class=\"_ _4\"></span>nce i<span class=\"_ _4\"></span>nco<span class=\"_ _4\"></span>me/expe<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>es for t<span class=\"_ _4\"></span>he to<span class=\"_ _4\"></span>tal a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt of int<span class=\"_ _4\"></span>eres<span class=\"_ _4\"></span>t i<span class=\"_ _4\"></span>ncom<span class=\"_ _4\"></span>e.</div>\n\n<div class=\"t m0 x1 h6 y1b6 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ransac<span class=\"_ _4\"></span>tions with k<span class=\"_ _3\"></span>ey<span class=\"_ _3\"></span> management personnel</div>\n<div class=\"t m350 x1 hb y54 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">In re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>he t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ons w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h key manag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>so<span class=\"_ _4\"></span>nnel, we r<span class=\"_ _4\"></span>efer to t<span class=\"_ _4\"></span>he Re<span class=\"_ _4\"></span>mun<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n re<span class=\"_ _4\"></span>por<span class=\"_ _7\"></span>t of 202<span class=\"_ _4\"></span>2 whi<span class=\"_ _4\"></span>ch</div>\n<div class=\"t m351 x1 hb y73 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">is in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>ded i<span class=\"_ _4\"></span>n thi<span class=\"_ _4\"></span>s \ufb01nan<span class=\"_ _4\"></span>cial r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t (s<span class=\"_ _4\"></span>ee C<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>por<span class=\"_ _4\"></span>ate G<span class=\"_ _4\"></span>over<span class=\"_ _4\"></span>na<span class=\"_ _4\"></span>nce St<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>). For info<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>matio<span class=\"_ _4\"></span>n rel<span class=\"_ _4\"></span>atin<span class=\"_ _4\"></span>g to con<span class=\"_ _4\"></span>\ufb02ic<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s of</div>\n<div class=\"t m8 x1 hb y55 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s, we r<span class=\"_ _4\"></span>efer to t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t Bo<span class=\"_ _4\"></span>ard of D<span class=\"_ _4\"></span>ire<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m352 x1 hb y56 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Key mana<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent (<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>nel) r<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>harg<span class=\"_ _4\"></span>ed K<span class=\"_ _4\"></span>EUR 82 ex<span class=\"_ _4\"></span>pen<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s (sam<span class=\"_ _4\"></span>e pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d 2021<span class=\"_ _1\"></span>: KEUR 27<span class=\"_ _4\"></span>). The re<span class=\"_ _4\"></span>latin<span class=\"_ _4\"></span>g ou<span class=\"_ _4\"></span>ts<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ding</div>\n<div class=\"t m8 x1 hb y57 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amo<span class=\"_ _4\"></span>unt p<span class=\"_ _4\"></span>er De<span class=\"_ _4\"></span>ce<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r 3<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>, 2022 i<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>vi<span class=\"_ _4\"></span>ces is K<span class=\"_ _4\"></span>EUR 0 (ye<span class=\"_ _4\"></span>ar-e<span class=\"_ _4\"></span>nd 2021<span class=\"_ _1\"></span>: KEUR 0<span class=\"_ _4\"></span>).</div>\n<div class=\"t m0 x1 h6 y1db ff2 fs4 fc1 sc0 ls59 ws63\" style=\"z-index: 15;\">Board of Directors</div>\n<div class=\"t m8 x1 hd y63b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of EUR)<span class=\"_ _182\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y63c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Chairman<span class=\"_ _250\"> </span>100<span class=\"_ _25\"> </span>100</div>\n<div class=\"t m8 x1 hc y63d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other members (individual amount)<span class=\"_ _43\"> </span>50<span class=\"_ _1c\"> </span>50</div>\n<div class=\"t m8 x1 hc y63e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal paid<span class=\"_ _160\"> </span>500<span class=\"_ _25\"> </span>485</div>\n<div class=\"t m353 x1 hb y75 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e tota<span class=\"_ _4\"></span>l amo<span class=\"_ _4\"></span>unt p<span class=\"_ _4\"></span>aid to t<span class=\"_ _4\"></span>he me<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s of th<span class=\"_ _4\"></span>e Boar<span class=\"_ _4\"></span>d of Dir<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>rs r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>he tot<span class=\"_ _4\"></span>al p<span class=\"_ _4\"></span>ayme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to all n<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>exec<span class=\"_ _4\"></span>u</div>\n<div class=\"t m354 x14 hb y75 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m355 x1 hb y76 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">tive a<span class=\"_ _4\"></span>nd in<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>nt dir<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>rs f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>vit<span class=\"_ _4\"></span>ies a<span class=\"_ _4\"></span>s mem<span class=\"_ _4\"></span>be<span class=\"_ _4\"></span>rs of t<span class=\"_ _4\"></span>he Bo<span class=\"_ _4\"></span>ard of D<span class=\"_ _4\"></span>irec<span class=\"_ _7\"></span>tor<span class=\"_ _4\"></span>s. T<span class=\"_ _4\"></span>he exe<span class=\"_ _4\"></span>cut<span class=\"_ _4\"></span>ive di<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>s of</div>\n<div class=\"t m356 x1 hb y61 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R are o<span class=\"_ _4\"></span>nly re<span class=\"_ _4\"></span>mun<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ated i<span class=\"_ _4\"></span>n the<span class=\"_ _4\"></span>ir c<span class=\"_ _4\"></span>apa<span class=\"_ _4\"></span>cit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>s exec<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>ve and n<span class=\"_ _4\"></span>ot in t<span class=\"_ _4\"></span>heir c<span class=\"_ _4\"></span>ap<span class=\"_ _4\"></span>aci<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y as exec<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ive dir<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>r/<span class=\"_ _1\"></span>m<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>ber</div>\n<div class=\"t m8 x1 hb y77 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e Boar<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m357 x1 hb y63 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">No lo<span class=\"_ _4\"></span>ans we<span class=\"_ _4\"></span>re gr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ted to t<span class=\"_ _4\"></span>he m<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s of t<span class=\"_ _4\"></span>he Boa<span class=\"_ _4\"></span>rd in 20<span class=\"_ _4\"></span>22 nor 2<span class=\"_ _4\"></span>021<span class=\"_ _1\"></span>. Th<span class=\"_ _4\"></span>e out<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>and<span class=\"_ _4\"></span>ing a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt in re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t o<span class=\"_ _4\"></span>f re<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y64 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">cha<span class=\"_ _4\"></span>rge<span class=\"_ _4\"></span>d pr<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>te ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>s to Mr<span class=\"_ _3\"></span>. Nicol<span class=\"_ _4\"></span>as Save<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ys w<span class=\"_ _4\"></span>as zer<span class=\"_ _4\"></span>o pe<span class=\"_ _4\"></span>r Dec<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2022 an<span class=\"_ _4\"></span>d 2021<span class=\"_ _1\"></span>.</div>\n<div class=\"t m0 x1 h6 y1b3 ff2 fs4 fc1 sc0 ls59 ws63\" style=\"z-index: 15;\">Audit and Risk Committee</div>\n<div class=\"t m8 x1 hd y63f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of EUR)<span class=\"_ _182\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y640 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Chairman<span class=\"_ _11f\"> </span>20<span class=\"_ _1c\"> </span>20</div>\n<div class=\"t m8 x1 hc y641 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other members (individual amount)<span class=\"_ _43\"> </span>10<span class=\"_ _1c\"> </span>10</div>\n<div class=\"t m8 x1 hc y642 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal paid<span class=\"_ _251\"> </span>50<span class=\"_ _1c\"> </span>46</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 202px; height: 484px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 202px; height: 929px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 xe h6 y1d6 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Nomination and R<span class=\"_ _1\"></span>e<span class=\"_ _4\"></span>muneration Committee</div>\n<div class=\"t m8 xe hd y30e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of EUR)<span class=\"_ _182\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y30f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Members (individual amount)<span class=\"_ _172\"> </span>10<span class=\"_ _1c\"> </span>10</div>\n<div class=\"t m8 xe hc y310 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal paid<span class=\"_ _251\"> </span>30<span class=\"_ _1c\"> </span>28</div>\n<div class=\"t m0 xe h6 y643 ff2 fs4 fc1 sc0 ls59 ws63\" style=\"z-index: 15;\">Executive Commit<span class=\"_ _4\"></span>tee</div>\n<div class=\"t m358 xe hb y644 ff1 fs9 fc2 sc0 ls17 wsf\" style=\"z-index: 15;\">In lin<span class=\"_ _4\"></span>e wit<span class=\"_ _4\"></span>h E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR<span class=\"_ _4\"></span>\u2019s <span class=\"_ _3\"></span>tot<span class=\"_ _4\"></span>al rew<span class=\"_ _4\"></span>ard p<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>ple<span class=\"_ _4\"></span>s, the f<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>m an<span class=\"_ _4\"></span>d level of t<span class=\"_ _4\"></span>he C<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>any<span class=\"_ _4\"></span>\u2019<span class=\"_ _3\"></span>s exec<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>ve rem<span class=\"_ _4\"></span>une<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n are</div>\n<div class=\"t m328 xe hb y645 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">alig<span class=\"_ _4\"></span>ned to c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>any pe<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>fo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>manc<span class=\"_ _4\"></span>e and i<span class=\"_ _4\"></span>ndiv<span class=\"_ _4\"></span>id<span class=\"_ _4\"></span>ual sk<span class=\"_ _4\"></span>ills a<span class=\"_ _4\"></span>nd p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>fo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>manc<span class=\"_ _4\"></span>e. The re<span class=\"_ _4\"></span>mun<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n pac<span class=\"_ _4\"></span>kag<span class=\"_ _4\"></span>e is co<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>ose<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 xe hb y646 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>ree ma<span class=\"_ _4\"></span>in ele<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s:</div>\n<div class=\"t m8 xe hb y647 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span><span class=\"ls29 ws22\">The \ufb01xed annual remuneration;</span></div>\n<div class=\"t m8 xe hb y648 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Th<span class=\"_ _4\"></span>e sho<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t-ter<span class=\"_ _4\"></span>m v<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>iabl<span class=\"_ _4\"></span>e rem<span class=\"_ _4\"></span>uner<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion (S<span class=\"_ _4\"></span>TI \u2013 s<span class=\"_ _4\"></span>hor<span class=\"_ _7\"></span>t ter<span class=\"_ _4\"></span>m in<span class=\"_ _4\"></span>cent<span class=\"_ _4\"></span>ive);</div>\n<div class=\"t m8 xe hb y649 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Th<span class=\"_ _4\"></span>e long<span class=\"_ _4\"></span>-te<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>m var<span class=\"_ _4\"></span>iab<span class=\"_ _4\"></span>le re<span class=\"_ _4\"></span>mune<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n (L<span class=\"_ _1\"></span>TI<span class=\"_ _4\"></span>- lo<span class=\"_ _4\"></span>ng ter<span class=\"_ _4\"></span>m in<span class=\"_ _4\"></span>cent<span class=\"_ _4\"></span>ive).</div>\n<div class=\"t m359 xe hb y64a ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e level an<span class=\"_ _4\"></span>d s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ure of t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n pac<span class=\"_ _4\"></span>ka<span class=\"_ _4\"></span>ges a<span class=\"_ _4\"></span>re alig<span class=\"_ _4\"></span>ned w<span class=\"_ _4\"></span>ith m<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ket pr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ces fo<span class=\"_ _4\"></span>r sim<span class=\"_ _4\"></span>ilar f<span class=\"_ _4\"></span>unc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s at</div>\n<div class=\"t m8 xe hb y64b ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">comparable companies.</div>\n<div class=\"t m8 xe hb y64c ff1 fs9 fc2 sc0 ls2 ws12\" style=\"z-index: 15;\">End 20<span class=\"_ _4\"></span>22, the E<span class=\"_ _4\"></span>xe<span class=\"_ _4\"></span>cut<span class=\"_ _4\"></span>ive Co<span class=\"_ _4\"></span>mmi<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>tee c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ted of f<span class=\"_ _4\"></span>our m<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s. C<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>tom<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y no<span class=\"_ _4\"></span>tice p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d seve<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nce pay a<span class=\"_ _4\"></span>re</div>\n<div class=\"t m2fa xe hb y31b ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">prov<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he agr<span class=\"_ _4\"></span>eem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s w<span class=\"_ _4\"></span>ith t<span class=\"_ _4\"></span>he me<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s of the E<span class=\"_ _4\"></span>xe<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>tive C<span class=\"_ _4\"></span>ommi<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>tee, t<span class=\"_ _4\"></span>aki<span class=\"_ _4\"></span>ng into a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unt f<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>s s<span class=\"_ _4\"></span>uch a<span class=\"_ _4\"></span>s the</div>\n<div class=\"t m8 xe hb y31c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">po<span class=\"_ _4\"></span>sit<span class=\"_ _4\"></span>ion a<span class=\"_ _4\"></span>nd ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rie<span class=\"_ _4\"></span>nce of t<span class=\"_ _4\"></span>he exe<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>tive ma<span class=\"_ _4\"></span>nage<span class=\"_ _4\"></span>r in q<span class=\"_ _4\"></span>ues<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on, and al<span class=\"_ _4\"></span>way<span class=\"_ _4\"></span>s wit<span class=\"_ _4\"></span>hin t<span class=\"_ _4\"></span>he ap<span class=\"_ _4\"></span>plic<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le le<span class=\"_ _4\"></span>gal f<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>mewo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>k.</div>\n<div class=\"t m8 xe hd y64d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of EUR)</div>\n<div class=\"t m8 xe hd y64e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXECUTIVE COMMITTEE, excluding CEO</div>\n<div class=\"t m8 x89 hd y64f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y650 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal \ufb01xed remuneration\u2005<span class=\"_ _252\"> </span>1,270<span class=\"_ _15\"> </span>1,355</div>\n<div class=\"t m8 xe hc y651 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2005\u2005 of which for insurance and pension plan<span class=\"_ _253\"> </span>0<span class=\"_ _1c\"> </span>32</div>\n<div class=\"t m8 xe hc y652 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2005\u2005 of which value of share options<span class=\"_ _254\"> </span>0<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hc y653 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal variable remuneration<span class=\"_ _255\"> </span>574<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hd y654 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of EUR)</div>\n<div class=\"t m8 xe hd y655 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Nicolas Saverys/Saverex</div>\n<div class=\"t m8 x89 hd y656 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y657 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal \ufb01xed remuneration\u2005<span class=\"_ _16\"> </span>900<span class=\"_ _25\"> </span>907</div>\n<div class=\"t m8 xe hc y658 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2005\u2005 of which for insurance and pension plan<span class=\"_ _253\"> </span>0<span class=\"_ _1c\"> </span>43</div>\n<div class=\"t m8 xe hc y659 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2005\u2005 of which value of share options<span class=\"_ _254\"> </span>0<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hc y65a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal variable remuneration<span class=\"_ _133\"> </span>2,000<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hd y65b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of EUR)</div>\n<div class=\"t m8 xe hd y65c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">CEO</div>\n<div class=\"t m8 x89 hd y65d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y65e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal \ufb01xed remuneration\u2005<span class=\"_ _16\"> </span>575<span class=\"_ _25\"> </span>575</div>\n<div class=\"t m8 xe hc y65f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2005\u2005 of which for insurance and pension plan<span class=\"_ _253\"> </span>0<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hc y660 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2005\u2005 of which value of share options<span class=\"_ _254\"> </span>0<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hc y661 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal variable remuneration<span class=\"_ _255\"> </span>500<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hb yaa ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">No lo<span class=\"_ _4\"></span>ans we<span class=\"_ _4\"></span>re gr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ted to t<span class=\"_ _4\"></span>he me<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s of th<span class=\"_ _4\"></span>e exec<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>ve com<span class=\"_ _4\"></span>mit<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>e in 202<span class=\"_ _4\"></span>2 or 2021<span class=\"_ _1\"></span>.</div>\n<div class=\"t m8 xe hb y662 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e tota<span class=\"_ _4\"></span>l num<span class=\"_ _4\"></span>ber of o<span class=\"_ _4\"></span>pti<span class=\"_ _4\"></span>ons (<span class=\"_ _4\"></span>pla<span class=\"_ _4\"></span>n 1<span class=\"_ _3\"></span>0) gr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ted to key ma<span class=\"_ _4\"></span>nage<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt are as f<span class=\"_ _4\"></span>ollow<span class=\"_ _4\"></span>s:</div>\n<div class=\"t m8 xe hd y663 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">NUMBER OF SHARES GRANTED<span class=\"_ _31\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y664 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Nicolas Saverys<span class=\"_ _6d\"> </span>60,000<span class=\"_ _18\"> </span>120,000</div>\n<div class=\"t m8 x9d hd y665 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">60,000<span class=\"_ _d\"> </span>120,000</div>\n<div class=\"t m35a xe hb yb0 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">A num<span class=\"_ _4\"></span>ber o<span class=\"_ _4\"></span>f key manag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt pe<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>son<span class=\"_ _4\"></span>nel, or t<span class=\"_ _4\"></span>heir c<span class=\"_ _4\"></span>los<span class=\"_ _4\"></span>e fa<span class=\"_ _4\"></span>mily m<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s, hol<span class=\"_ _4\"></span>d po<span class=\"_ _4\"></span>sit<span class=\"_ _4\"></span>ions i<span class=\"_ _4\"></span>n oth<span class=\"_ _4\"></span>er co<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>nies t<span class=\"_ _4\"></span>hat</div>\n<div class=\"t m8 xe hb yb1 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">res<span class=\"_ _4\"></span>ult i<span class=\"_ _4\"></span>n the<span class=\"_ _4\"></span>m havi<span class=\"_ _4\"></span>ng con<span class=\"_ _4\"></span>trol o<span class=\"_ _4\"></span>r join<span class=\"_ _4\"></span>t cont<span class=\"_ _4\"></span>rol ove<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>ese c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>anie<span class=\"_ _4\"></span>s. No<span class=\"_ _4\"></span>ne of t<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e com<span class=\"_ _4\"></span>pa<span class=\"_ _4\"></span>nies t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nsa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d wit<span class=\"_ _4\"></span>h th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y529 ff1 fs9 fc2 sc0 ls13 wsc\" style=\"z-index: 15;\">Group during t<span class=\"_ _4\"></span>he year<span class=\"_ _1\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 212px; height: 919px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 212px; height: 919px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag507": {
   "value": "Saverex NV",
   "dimensions": {
    "concept": "ifrs-full:NameOfUltimateParentOfGroup",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag513": {
   "value": "EXMAR NV",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag508": {
   "value": "NV",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag506": {
   "value": "\n<div class=\"t m0 x1 h6 y1b6 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ransac<span class=\"_ _4\"></span>tions with k<span class=\"_ _3\"></span>ey<span class=\"_ _3\"></span> management personnel</div>\n<div class=\"t m350 x1 hb y54 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">In re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>he t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>ns<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ons w<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>h key manag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>so<span class=\"_ _4\"></span>nnel, we r<span class=\"_ _4\"></span>efer to t<span class=\"_ _4\"></span>he Re<span class=\"_ _4\"></span>mun<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n re<span class=\"_ _4\"></span>por<span class=\"_ _7\"></span>t of 202<span class=\"_ _4\"></span>2 whi<span class=\"_ _4\"></span>ch</div>\n<div class=\"t m351 x1 hb y73 ff1 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">is in<span class=\"_ _4\"></span>clu<span class=\"_ _4\"></span>ded i<span class=\"_ _4\"></span>n thi<span class=\"_ _4\"></span>s \ufb01nan<span class=\"_ _4\"></span>cial r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>t (s<span class=\"_ _4\"></span>ee C<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>por<span class=\"_ _4\"></span>ate G<span class=\"_ _4\"></span>over<span class=\"_ _4\"></span>na<span class=\"_ _4\"></span>nce St<span class=\"_ _4\"></span>atem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>). For info<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>matio<span class=\"_ _4\"></span>n rel<span class=\"_ _4\"></span>atin<span class=\"_ _4\"></span>g to con<span class=\"_ _4\"></span>\ufb02ic<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s of</div>\n<div class=\"t m8 x1 hb y55 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">inte<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>s, we r<span class=\"_ _4\"></span>efer to t<span class=\"_ _4\"></span>he re<span class=\"_ _4\"></span>po<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t Bo<span class=\"_ _4\"></span>ard of D<span class=\"_ _4\"></span>ire<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>s.</div>\n<div class=\"t m352 x1 hb y56 ff1 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Key mana<span class=\"_ _4\"></span>gem<span class=\"_ _4\"></span>ent (<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rs<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>nel) r<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>harg<span class=\"_ _4\"></span>ed K<span class=\"_ _4\"></span>EUR 82 ex<span class=\"_ _4\"></span>pen<span class=\"_ _4\"></span>se<span class=\"_ _4\"></span>s (sam<span class=\"_ _4\"></span>e pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d 2021<span class=\"_ _1\"></span>: KEUR 27<span class=\"_ _4\"></span>). The re<span class=\"_ _4\"></span>latin<span class=\"_ _4\"></span>g ou<span class=\"_ _4\"></span>ts<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ding</div>\n<div class=\"t m8 x1 hb y57 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">amo<span class=\"_ _4\"></span>unt p<span class=\"_ _4\"></span>er De<span class=\"_ _4\"></span>ce<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r 3<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>, 2022 i<span class=\"_ _4\"></span>n res<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>t of t<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e se<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>vi<span class=\"_ _4\"></span>ces is K<span class=\"_ _4\"></span>EUR 0 (ye<span class=\"_ _4\"></span>ar-e<span class=\"_ _4\"></span>nd 2021<span class=\"_ _1\"></span>: KEUR 0<span class=\"_ _4\"></span>).</div>\n<div class=\"t m0 x1 h6 y1db ff2 fs4 fc1 sc0 ls59 ws63\" style=\"z-index: 15;\">Board of Directors</div>\n<div class=\"t m8 x1 hd y63b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of EUR)<span class=\"_ _182\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y63c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Chairman<span class=\"_ _250\"> </span>100<span class=\"_ _25\"> </span>100</div>\n<div class=\"t m8 x1 hc y63d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other members (individual amount)<span class=\"_ _43\"> </span>50<span class=\"_ _1c\"> </span>50</div>\n<div class=\"t m8 x1 hc y63e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal paid<span class=\"_ _160\"> </span>500<span class=\"_ _25\"> </span>485</div>\n<div class=\"t m353 x1 hb y75 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e tota<span class=\"_ _4\"></span>l amo<span class=\"_ _4\"></span>unt p<span class=\"_ _4\"></span>aid to t<span class=\"_ _4\"></span>he me<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s of th<span class=\"_ _4\"></span>e Boar<span class=\"_ _4\"></span>d of Dir<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>rs r<span class=\"_ _4\"></span>ep<span class=\"_ _4\"></span>res<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s t<span class=\"_ _4\"></span>he tot<span class=\"_ _4\"></span>al p<span class=\"_ _4\"></span>ayme<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s to all n<span class=\"_ _4\"></span>on<span class=\"_ _4\"></span>-<span class=\"_ _4\"></span>exec<span class=\"_ _4\"></span>u</div>\n<div class=\"t m354 x14 hb y75 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">-</div>\n<div class=\"t m355 x1 hb y76 ff1 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">tive a<span class=\"_ _4\"></span>nd in<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nde<span class=\"_ _4\"></span>nt dir<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>rs f<span class=\"_ _4\"></span>or th<span class=\"_ _4\"></span>e ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>vit<span class=\"_ _4\"></span>ies a<span class=\"_ _4\"></span>s mem<span class=\"_ _4\"></span>be<span class=\"_ _4\"></span>rs of t<span class=\"_ _4\"></span>he Bo<span class=\"_ _4\"></span>ard of D<span class=\"_ _4\"></span>irec<span class=\"_ _7\"></span>tor<span class=\"_ _4\"></span>s. T<span class=\"_ _4\"></span>he exe<span class=\"_ _4\"></span>cut<span class=\"_ _4\"></span>ive di<span class=\"_ _4\"></span>rec<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>s of</div>\n<div class=\"t m356 x1 hb y61 ff1 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">E<span class=\"_ _4\"></span>XMA<span class=\"_ _4\"></span>R are o<span class=\"_ _4\"></span>nly re<span class=\"_ _4\"></span>mun<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>ated i<span class=\"_ _4\"></span>n the<span class=\"_ _4\"></span>ir c<span class=\"_ _4\"></span>apa<span class=\"_ _4\"></span>cit<span class=\"_ _4\"></span>y a<span class=\"_ _4\"></span>s exec<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>ve and n<span class=\"_ _4\"></span>ot in t<span class=\"_ _4\"></span>heir c<span class=\"_ _4\"></span>ap<span class=\"_ _4\"></span>aci<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>y as exec<span class=\"_ _4\"></span>ut<span class=\"_ _4\"></span>ive dir<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>to<span class=\"_ _4\"></span>r/<span class=\"_ _1\"></span>m<span class=\"_ _4\"></span>em<span class=\"_ _4\"></span>ber</div>\n<div class=\"t m8 x1 hb y77 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>e Boar<span class=\"_ _4\"></span>d.</div>\n<div class=\"t m357 x1 hb y63 ff1 fs9 fc2 sc0 ls19 wsf\" style=\"z-index: 15;\">No lo<span class=\"_ _4\"></span>ans we<span class=\"_ _4\"></span>re gr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ted to t<span class=\"_ _4\"></span>he m<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s of t<span class=\"_ _4\"></span>he Boa<span class=\"_ _4\"></span>rd in 20<span class=\"_ _4\"></span>22 nor 2<span class=\"_ _4\"></span>021<span class=\"_ _1\"></span>. Th<span class=\"_ _4\"></span>e out<span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>and<span class=\"_ _4\"></span>ing a<span class=\"_ _4\"></span>mou<span class=\"_ _4\"></span>nt in re<span class=\"_ _4\"></span>sp<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>t o<span class=\"_ _4\"></span>f re<span class=\"_ _4\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t m8 x1 hb y64 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">cha<span class=\"_ _4\"></span>rge<span class=\"_ _4\"></span>d pr<span class=\"_ _4\"></span>iva<span class=\"_ _4\"></span>te ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>nse<span class=\"_ _4\"></span>s to Mr<span class=\"_ _3\"></span>. Nicol<span class=\"_ _4\"></span>as Save<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>ys w<span class=\"_ _4\"></span>as zer<span class=\"_ _4\"></span>o pe<span class=\"_ _4\"></span>r Dec<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er 31<span class=\"_ _1\"></span>, 2022 an<span class=\"_ _4\"></span>d 2021<span class=\"_ _1\"></span>.</div>\n<div class=\"t m0 x1 h6 y1b3 ff2 fs4 fc1 sc0 ls59 ws63\" style=\"z-index: 15;\">Audit and Risk Committee</div>\n<div class=\"t m8 x1 hd y63f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of EUR)<span class=\"_ _182\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 x1 hc y640 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Chairman<span class=\"_ _11f\"> </span>20<span class=\"_ _1c\"> </span>20</div>\n<div class=\"t m8 x1 hc y641 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Other members (individual amount)<span class=\"_ _43\"> </span>10<span class=\"_ _1c\"> </span>10</div>\n<div class=\"t m8 x1 hc y642 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal paid<span class=\"_ _251\"> </span>50<span class=\"_ _1c\"> </span>46</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 202px; height: 484px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 xe h6 y1d6 ff2 fs4 fc1 sc0 ls45 ws49\" style=\"z-index: 15;\">Nomination and R<span class=\"_ _1\"></span>e<span class=\"_ _4\"></span>muneration Committee</div>\n<div class=\"t m8 xe hd y30e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of EUR)<span class=\"_ _182\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y30f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Members (individual amount)<span class=\"_ _172\"> </span>10<span class=\"_ _1c\"> </span>10</div>\n<div class=\"t m8 xe hc y310 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal paid<span class=\"_ _251\"> </span>30<span class=\"_ _1c\"> </span>28</div>\n<div class=\"t m0 xe h6 y643 ff2 fs4 fc1 sc0 ls59 ws63\" style=\"z-index: 15;\">Executive Commit<span class=\"_ _4\"></span>tee</div>\n<div class=\"t m358 xe hb y644 ff1 fs9 fc2 sc0 ls17 wsf\" style=\"z-index: 15;\">In lin<span class=\"_ _4\"></span>e wit<span class=\"_ _4\"></span>h E<span class=\"_ _4\"></span>XM<span class=\"_ _4\"></span>AR<span class=\"_ _4\"></span>\u2019s <span class=\"_ _3\"></span>tot<span class=\"_ _4\"></span>al rew<span class=\"_ _4\"></span>ard p<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>nci<span class=\"_ _4\"></span>ple<span class=\"_ _4\"></span>s, the f<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>m an<span class=\"_ _4\"></span>d level of t<span class=\"_ _4\"></span>he C<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>any<span class=\"_ _4\"></span>\u2019<span class=\"_ _3\"></span>s exec<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>ve rem<span class=\"_ _4\"></span>une<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n are</div>\n<div class=\"t m328 xe hb y645 ff1 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">alig<span class=\"_ _4\"></span>ned to c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>any pe<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>fo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>manc<span class=\"_ _4\"></span>e and i<span class=\"_ _4\"></span>ndiv<span class=\"_ _4\"></span>id<span class=\"_ _4\"></span>ual sk<span class=\"_ _4\"></span>ills a<span class=\"_ _4\"></span>nd p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>fo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>manc<span class=\"_ _4\"></span>e. The re<span class=\"_ _4\"></span>mun<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n pac<span class=\"_ _4\"></span>kag<span class=\"_ _4\"></span>e is co<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>ose<span class=\"_ _4\"></span>d</div>\n<div class=\"t m8 xe hb y646 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of th<span class=\"_ _4\"></span>ree ma<span class=\"_ _4\"></span>in ele<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s:</div>\n<div class=\"t m8 xe hb y647 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span><span class=\"ls29 ws22\">The \ufb01xed annual remuneration;</span></div>\n<div class=\"t m8 xe hb y648 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Th<span class=\"_ _4\"></span>e sho<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>t-ter<span class=\"_ _4\"></span>m v<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>iabl<span class=\"_ _4\"></span>e rem<span class=\"_ _4\"></span>uner<span class=\"_ _4\"></span>at<span class=\"_ _4\"></span>ion (S<span class=\"_ _4\"></span>TI \u2013 s<span class=\"_ _4\"></span>hor<span class=\"_ _7\"></span>t ter<span class=\"_ _4\"></span>m in<span class=\"_ _4\"></span>cent<span class=\"_ _4\"></span>ive);</div>\n<div class=\"t m8 xe hb y649 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022 <span class=\"_ _b7\"> </span>Th<span class=\"_ _4\"></span>e long<span class=\"_ _4\"></span>-te<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>m var<span class=\"_ _4\"></span>iab<span class=\"_ _4\"></span>le re<span class=\"_ _4\"></span>mune<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>tio<span class=\"_ _4\"></span>n (L<span class=\"_ _1\"></span>TI<span class=\"_ _4\"></span>- lo<span class=\"_ _4\"></span>ng ter<span class=\"_ _4\"></span>m in<span class=\"_ _4\"></span>cent<span class=\"_ _4\"></span>ive).</div>\n<div class=\"t m359 xe hb y64a ff1 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e level an<span class=\"_ _4\"></span>d s<span class=\"_ _4\"></span>tr<span class=\"_ _4\"></span>uc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ure of t<span class=\"_ _4\"></span>he co<span class=\"_ _4\"></span>mp<span class=\"_ _4\"></span>ens<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n pac<span class=\"_ _4\"></span>ka<span class=\"_ _4\"></span>ges a<span class=\"_ _4\"></span>re alig<span class=\"_ _4\"></span>ned w<span class=\"_ _4\"></span>ith m<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>ket pr<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>ces fo<span class=\"_ _4\"></span>r sim<span class=\"_ _4\"></span>ilar f<span class=\"_ _4\"></span>unc<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>ion<span class=\"_ _4\"></span>s at</div>\n<div class=\"t m8 xe hb y64b ff1 fs9 fc2 sc0 ls22 ws15\" style=\"z-index: 15;\">comparable companies.</div>\n<div class=\"t m8 xe hb y64c ff1 fs9 fc2 sc0 ls2 ws12\" style=\"z-index: 15;\">End 20<span class=\"_ _4\"></span>22, the E<span class=\"_ _4\"></span>xe<span class=\"_ _4\"></span>cut<span class=\"_ _4\"></span>ive Co<span class=\"_ _4\"></span>mmi<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>tee c<span class=\"_ _4\"></span>ons<span class=\"_ _4\"></span>is<span class=\"_ _4\"></span>ted of f<span class=\"_ _4\"></span>our m<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s. C<span class=\"_ _4\"></span>us<span class=\"_ _4\"></span>tom<span class=\"_ _4\"></span>ar<span class=\"_ _4\"></span>y no<span class=\"_ _4\"></span>tice p<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>iod<span class=\"_ _4\"></span>s an<span class=\"_ _4\"></span>d seve<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nce pay a<span class=\"_ _4\"></span>re</div>\n<div class=\"t m2fa xe hb y31b ff1 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">prov<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>d in t<span class=\"_ _4\"></span>he agr<span class=\"_ _4\"></span>eem<span class=\"_ _4\"></span>ent<span class=\"_ _4\"></span>s w<span class=\"_ _4\"></span>ith t<span class=\"_ _4\"></span>he me<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s of the E<span class=\"_ _4\"></span>xe<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>tive C<span class=\"_ _4\"></span>ommi<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>tee, t<span class=\"_ _4\"></span>aki<span class=\"_ _4\"></span>ng into a<span class=\"_ _4\"></span>cco<span class=\"_ _4\"></span>unt f<span class=\"_ _4\"></span>ac<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>s s<span class=\"_ _4\"></span>uch a<span class=\"_ _4\"></span>s the</div>\n<div class=\"t m8 xe hb y31c ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">po<span class=\"_ _4\"></span>sit<span class=\"_ _4\"></span>ion a<span class=\"_ _4\"></span>nd ex<span class=\"_ _4\"></span>pe<span class=\"_ _4\"></span>rie<span class=\"_ _4\"></span>nce of t<span class=\"_ _4\"></span>he exe<span class=\"_ _4\"></span>cu<span class=\"_ _4\"></span>tive ma<span class=\"_ _4\"></span>nage<span class=\"_ _4\"></span>r in q<span class=\"_ _4\"></span>ues<span class=\"_ _4\"></span>ti<span class=\"_ _4\"></span>on, and al<span class=\"_ _4\"></span>way<span class=\"_ _4\"></span>s wit<span class=\"_ _4\"></span>hin t<span class=\"_ _4\"></span>he ap<span class=\"_ _4\"></span>plic<span class=\"_ _4\"></span>ab<span class=\"_ _4\"></span>le le<span class=\"_ _4\"></span>gal f<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>mewo<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>k.</div>\n<div class=\"t m8 xe hd y64d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of EUR)</div>\n<div class=\"t m8 xe hd y64e ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXECUTIVE COMMITTEE, excluding CEO</div>\n<div class=\"t m8 x89 hd y64f ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y650 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal \ufb01xed remuneration\u2005<span class=\"_ _252\"> </span>1,270<span class=\"_ _15\"> </span>1,355</div>\n<div class=\"t m8 xe hc y651 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2005\u2005 of which for insurance and pension plan<span class=\"_ _253\"> </span>0<span class=\"_ _1c\"> </span>32</div>\n<div class=\"t m8 xe hc y652 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2005\u2005 of which value of share options<span class=\"_ _254\"> </span>0<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hc y653 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal variable remuneration<span class=\"_ _255\"> </span>574<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hd y654 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of EUR)</div>\n<div class=\"t m8 xe hd y655 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Nicolas Saverys/Saverex</div>\n<div class=\"t m8 x89 hd y656 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y657 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal \ufb01xed remuneration\u2005<span class=\"_ _16\"> </span>900<span class=\"_ _25\"> </span>907</div>\n<div class=\"t m8 xe hc y658 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2005\u2005 of which for insurance and pension plan<span class=\"_ _253\"> </span>0<span class=\"_ _1c\"> </span>43</div>\n<div class=\"t m8 xe hc y659 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2005\u2005 of which value of share options<span class=\"_ _254\"> </span>0<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hc y65a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal variable remuneration<span class=\"_ _133\"> </span>2,000<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hd y65b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of EUR)</div>\n<div class=\"t m8 xe hd y65c ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">CEO</div>\n<div class=\"t m8 x89 hd y65d ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y65e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal \ufb01xed remuneration\u2005<span class=\"_ _16\"> </span>575<span class=\"_ _25\"> </span>575</div>\n<div class=\"t m8 xe hc y65f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2005\u2005 of which for insurance and pension plan<span class=\"_ _253\"> </span>0<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hc y660 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2005\u2005 of which value of share options<span class=\"_ _254\"> </span>0<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hc y661 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>otal variable remuneration<span class=\"_ _255\"> </span>500<span class=\"_ _20\"> </span>0</div>\n<div class=\"t m8 xe hb yaa ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">No lo<span class=\"_ _4\"></span>ans we<span class=\"_ _4\"></span>re gr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ted to t<span class=\"_ _4\"></span>he me<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s of th<span class=\"_ _4\"></span>e exec<span class=\"_ _4\"></span>uti<span class=\"_ _4\"></span>ve com<span class=\"_ _4\"></span>mit<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>e in 202<span class=\"_ _4\"></span>2 or 2021<span class=\"_ _1\"></span>.</div>\n<div class=\"t m8 xe hb y662 ff1 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Th<span class=\"_ _4\"></span>e tota<span class=\"_ _4\"></span>l num<span class=\"_ _4\"></span>ber of o<span class=\"_ _4\"></span>pti<span class=\"_ _4\"></span>ons (<span class=\"_ _4\"></span>pla<span class=\"_ _4\"></span>n 1<span class=\"_ _3\"></span>0) gr<span class=\"_ _4\"></span>an<span class=\"_ _4\"></span>ted to key ma<span class=\"_ _4\"></span>nage<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt are as f<span class=\"_ _4\"></span>ollow<span class=\"_ _4\"></span>s:</div>\n<div class=\"t m8 xe hd y663 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">NUMBER OF SHARES GRANTED<span class=\"_ _31\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y664 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Nicolas Saverys<span class=\"_ _6d\"> </span>60,000<span class=\"_ _18\"> </span>120,000</div>\n<div class=\"t m8 x9d hd y665 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">60,000<span class=\"_ _d\"> </span>120,000</div>\n<div class=\"t m35a xe hb yb0 ff1 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">A num<span class=\"_ _4\"></span>ber o<span class=\"_ _4\"></span>f key manag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt pe<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>son<span class=\"_ _4\"></span>nel, or t<span class=\"_ _4\"></span>heir c<span class=\"_ _4\"></span>los<span class=\"_ _4\"></span>e fa<span class=\"_ _4\"></span>mily m<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>s, hol<span class=\"_ _4\"></span>d po<span class=\"_ _4\"></span>sit<span class=\"_ _4\"></span>ions i<span class=\"_ _4\"></span>n oth<span class=\"_ _4\"></span>er co<span class=\"_ _4\"></span>mpa<span class=\"_ _4\"></span>nies t<span class=\"_ _4\"></span>hat</div>\n<div class=\"t m8 xe hb yb1 ff1 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">res<span class=\"_ _4\"></span>ult i<span class=\"_ _4\"></span>n the<span class=\"_ _4\"></span>m havi<span class=\"_ _4\"></span>ng con<span class=\"_ _4\"></span>trol o<span class=\"_ _4\"></span>r join<span class=\"_ _4\"></span>t cont<span class=\"_ _4\"></span>rol ove<span class=\"_ _4\"></span>r th<span class=\"_ _4\"></span>ese c<span class=\"_ _4\"></span>omp<span class=\"_ _4\"></span>anie<span class=\"_ _4\"></span>s. No<span class=\"_ _4\"></span>ne of t<span class=\"_ _4\"></span>hes<span class=\"_ _4\"></span>e com<span class=\"_ _4\"></span>pa<span class=\"_ _4\"></span>nies t<span class=\"_ _4\"></span>ra<span class=\"_ _4\"></span>nsa<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>te<span class=\"_ _4\"></span>d wit<span class=\"_ _4\"></span>h th<span class=\"_ _4\"></span>e</div>\n<div class=\"t m8 xe hb y529 ff1 fs9 fc2 sc0 ls13 wsc\" style=\"z-index: 15;\">Group during t<span class=\"_ _4\"></span>he year<span class=\"_ _1\"></span>.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 212px; height: 919px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag514": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x1 h11 y42 ff2 fsb fc3 sc0 ls57 ws61\" style=\"z-index: 15;\">NOTE 3<span class=\"_ _1\"></span>7<span class=\"_ _4\"></span> - GROUP ENTITIES</div>\n<div class=\"t m8 x1 hd y666 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">CONSOLIDA<span class=\"_ _1\"></span>TED COMP<span class=\"_ _1\"></span>ANIES</div>\n<div class=\"t m8 xaf hd y667 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Country of  </div>\n<div class=\"t m8 x10 hd y668 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">incorporation</div>\n<div class=\"t m8 x77 hd y667 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Consolidation <span class=\"_ _179\"></span> </div>\n<div class=\"t m8 xbb hd y668 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">method</div>\n<div class=\"t m8 xbc hd y669 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Ownership</div>\n<div class=\"t m8 xbc hd y66a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _7a\"> </span>2021</div>\n<div class=\"t m8 x1 hd y66b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Joint ventures</div>\n<div class=\"t m8 x1 hc y66c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Estrela Ltd<span class=\"_ _62\"> </span>Hong Kong<span class=\"_ _a8\"> </span>Equity<span class=\"_ _1cc\"> </span>50.00%<span class=\"_ _9c\"> </span>50.00%</div>\n<div class=\"t m8 x1 hc y66d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Gas Shipping Ltd<span class=\"_ _1b5\"> </span>Hong Kong<span class=\"_ _a8\"> </span>Equity<span class=\"_ _10\"> </span>50.00%<span class=\"_ _1bf\"> </span>50.00%</div>\n<div class=\"t m8 x1 hc y66e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR LPG BV<span class=\"_ _256\"> </span>Belgium<span class=\"_ _14d\"> </span>Equity<span class=\"_ _10\"> </span>50.00%<span class=\"_ _9c\"> </span>50.00%</div>\n<div class=\"t m8 x1 hc y66f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Shipping BV<span class=\"_ _207\"> </span>Belgium<span class=\"_ _14d\"> </span>Equity<span class=\"_ _10\"> </span>50.00%<span class=\"_ _1bf\"> </span>50.00%</div>\n<div class=\"t m8 x1 hc y670 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Good Investment Ltd\u2005<span class=\"_ _c1\"> </span>Hong Kong<span class=\"_ _a8\"> </span>Equity<span class=\"_ _10\"> </span>50.00%<span class=\"_ _1bf\"> </span>50.00%</div>\n<div class=\"t m8 x1 hc y671 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Monteriggioni Inc<span class=\"_ _257\"> </span>Liberia<span class=\"_ _2e\"> </span>Equity<span class=\"_ _10\"> </span>50.00%<span class=\"_ _1bf\"> </span>50.00%</div>\n<div class=\"t m8 x1 hd y672 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Associates</div>\n<div class=\"t m8 x1 hc y673 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Electra Offshor<span class=\"_ _3\"></span>e Ltd<span class=\"_ _16b\"> </span>Hong Kong<span class=\"_ _e5\"> </span>Equity<span class=\"_ _10\"> </span>40.00%<span class=\"_ _1bf\"> </span>40.00%</div>\n<div class=\"t m8 x1 hc y674 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exview Hong Kong Ltd<span class=\"_ _1e\"> </span>Hong Kong<span class=\"_ _a8\"> </span>Equity<span class=\"_ _10\"> </span>40.00%<span class=\"_ _1bf\"> </span>40.00%</div>\n<div class=\"t m8 x1 hc y675 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Marpos NV<span class=\"_ _258\"> </span>Belgium<span class=\"_ _14d\"> </span>Equity<span class=\"_ _10\"> </span>45.00%<span class=\"_ _9c\"> </span>45.00%</div>\n<div class=\"t m8 x1 hc y676 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Springmarine Nigeria Ltd<span class=\"_ _215\"> </span>Nigeria<span class=\"_ _df\"> </span>Equity<span class=\"_ _1cc\"> </span>40.00%<span class=\"_ _9c\"> </span>40.00%</div>\n<div class=\"t m8 x1 hd y677 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Subsidiaries</div>\n<div class=\"t m8 x1 hc y678 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Ahlmar Germany GmbH<span class=\"_ _f0\"> </span>Germany<span class=\"_ _b1\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _bb\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y679 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bexco NV (1)<span class=\"_ _237\"> </span>Belgium<span class=\"_ _126\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _1bf\"> </span>44.91%</div>\n<div class=\"t m8 x1 hc y67a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">DV Offshor<span class=\"_ _3\"></span>e SAS<span class=\"_ _259\"> </span>France<span class=\"_ _8e\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _bb\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y67b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ECOS SRL<span class=\"_ _25a\"> </span>Italy<span class=\"_ _9b\"> </span>Full<span class=\"_ _15\"> </span>60.00%<span class=\"_ _1bf\"> </span>60.00%</div>\n<div class=\"t m8 x1 hc y67c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Argentina<span class=\"_ _84\"> </span>Argentina<span class=\"_ _1e2\"> </span>Full<span class=\"_ _c3\"> </span>100.00%<span class=\"_ _ac\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y67d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Energy Hong Kong Ltd<span class=\"_ _71\"> </span>Hong Kong<span class=\"_ _5b\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y67e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Energy Netherlands BV<span class=\"_ _25c\"> </span>Netherlands<span class=\"_ _195\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y67f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Energy Services BV<span class=\"_ _116\"> </span>Netherlands<span class=\"_ _195\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y680 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Export Netherlands\u2005<span class=\"_ _1f0\"> </span>Netherlands<span class=\"_ _195\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y681 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR FSRU Hong Kong Ltd\u2005<span class=\"_ _25d\"> </span>Hong Kong<span class=\"_ _5b\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _bb\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y682 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Holdings Ltd<span class=\"_ _25e\"> </span>Liberia<span class=\"_ _8e\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y683 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Hong Kong Ltd<span class=\"_ _da\"> </span>Hong Kong<span class=\"_ _5b\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y684 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR LPG Holding BV<span class=\"_ _1e\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y685 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR LNG Investments Ltd<span class=\"_ _25f\"> </span>Liberia<span class=\"_ _8e\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y686 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Lux SA<span class=\"_ _9f\"> </span>Luxembourg<span class=\"_ _bb\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _bb\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y687 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Marine NV<span class=\"_ _84\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y688 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Netherlands BV<span class=\"_ _260\"> </span>Netherlands<span class=\"_ _195\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y689 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR NV<span class=\"_ _258\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y68a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Offshor<span class=\"_ _3\"></span>e Company<span class=\"_ _da\"> </span>USA<span class=\"_ _52\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y68b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Offshor<span class=\"_ _3\"></span>e Ltd<span class=\"_ _24d\"> </span>Bermuda<span class=\"_ _b1\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y68c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Offshor<span class=\"_ _3\"></span>e Services SA<span class=\"_ _1f5\"> </span>Luxembour<span class=\"_ _3\"></span>g<span class=\"_ _bb\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y68d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Offshor<span class=\"_ _3\"></span>e BV<span class=\"_ _25e\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y68e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Singapore Pte Ltd<span class=\"_ _123\"> </span>Singapore<span class=\"_ _1bf\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _bb\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y68f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Shipmanagement BV<span class=\"_ _116\"> </span>Belgium<span class=\"_ _126\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y690 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Shipmanagement India Private Ltd<span class=\"_ _f6\"> </span>India<span class=\"_ _1a7\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y691 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Shipping USA Inc<span class=\"_ _86\"> </span>USA<span class=\"_ _52\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y692 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Small Scale LPG NL BV<span class=\"_ _261\"> </span>Netherlands<span class=\"_ _195\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y693 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Small Scale LPG HK Ltd<span class=\"_ _1c4\"> </span>Hong Kong<span class=\"_ _9d\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _bb\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y694 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Small Scale LPG BE BV<span class=\"_ _1a8\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y695 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR (UK) Shipping Company Ltd<span class=\"_ _f1\"> </span>Great-Britain<span class=\"_ _25b\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y696 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR VLGC BV\u2005<span class=\"_ _262\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y697 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR VLGC Netherlands BV<span class=\"_ _10d\"> </span>Netherlands<span class=\"_ _195\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y698 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Y<span class=\"_ _1\"></span>achting BV<span class=\"_ _263\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y699 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Export LNG Ltd</div>\n<div class=\"t m35b xbd h16 y69a ff6 fsf fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> (2)</div>\n<div class=\"t m8 xaf hc y69b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Hong Kong<span class=\"_ _5b\"> </span>Full<span class=\"_ _219\"> </span>-<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y69c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Franship Offshor<span class=\"_ _3\"></span>e Lux SA<span class=\"_ _e2\"> </span>Luxembourg<span class=\"_ _db\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y69d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Internationaal Maritiem Agentschap NV<span class=\"_ _bd\"> </span>Belgium<span class=\"_ _126\"> </span>Full<span class=\"_ _27\"> </span>99.03%<span class=\"_ _9c\"> </span>99.03%</div>\n<div class=\"t m8 x1 hc y69e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Seavie Caribean Ltd Jamaica<span class=\"_ _114\"> </span>Jamaica<span class=\"_ _b0\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y69f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Seavie Private Ltd<span class=\"_ _236\"> </span>India<span class=\"_ _64\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y6a0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Solaia Shipping Llc</div>\n<div class=\"t m35b xbe h16 y6a1 ff6 fsf fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> (1)</div>\n<div class=\"t m8 x24 hc y6a2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Liberia<span class=\"_ _8e\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _9c\"> </span>50.00%</div>\n<div class=\"t m8 x1 hc y6a3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>ecto Cyprus Ltd<span class=\"_ _259\"> </span>Cyprus<span class=\"_ _7a\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y6a4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>ecto Luxembourg SA<span class=\"_ _1e\"> </span>Luxembourg<span class=\"_ _db\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y6a5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ravel Plus BV<span class=\"_ _6a\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 h14 y6a6 ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(1) <span class=\"_ _c7\"> </span>Change in shareholdership \u2013 we refer to Note 5 Business combinations and share deals for additional information.</div>\n<div class=\"t m8 x1 h14 y6a7 ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(2) <span class=\"_ _c7\"> </span>Sold \u2013 we refer to Note 4 Divestitures.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 86px; height: 1053px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 86px; height: 1053px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag509": {
   "value": "\n<div class=\"t m0 x1 h11 y42 ff2 fsb fc3 sc0 ls57 ws61\" style=\"z-index: 15;\">NOTE 3<span class=\"_ _1\"></span>7<span class=\"_ _4\"></span> - GROUP ENTITIES</div>\n<div class=\"t m8 x1 hd y666 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">CONSOLIDA<span class=\"_ _1\"></span>TED COMP<span class=\"_ _1\"></span>ANIES</div>\n<div class=\"t m8 xaf hd y667 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Country of  </div>\n<div class=\"t m8 x10 hd y668 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">incorporation</div>\n<div class=\"t m8 x77 hd y667 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Consolidation <span class=\"_ _179\"></span> </div>\n<div class=\"t m8 xbb hd y668 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">method</div>\n<div class=\"t m8 xbc hd y669 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Ownership</div>\n<div class=\"t m8 xbc hd y66a ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">2022<span class=\"_ _7a\"> </span>2021</div>\n<div class=\"t m8 x1 hd y66b ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Joint ventures</div>\n<div class=\"t m8 x1 hc y66c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Estrela Ltd<span class=\"_ _62\"> </span>Hong Kong<span class=\"_ _a8\"> </span>Equity<span class=\"_ _1cc\"> </span>50.00%<span class=\"_ _9c\"> </span>50.00%</div>\n<div class=\"t m8 x1 hc y66d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Gas Shipping Ltd<span class=\"_ _1b5\"> </span>Hong Kong<span class=\"_ _a8\"> </span>Equity<span class=\"_ _10\"> </span>50.00%<span class=\"_ _1bf\"> </span>50.00%</div>\n<div class=\"t m8 x1 hc y66e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR LPG BV<span class=\"_ _256\"> </span>Belgium<span class=\"_ _14d\"> </span>Equity<span class=\"_ _10\"> </span>50.00%<span class=\"_ _9c\"> </span>50.00%</div>\n<div class=\"t m8 x1 hc y66f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Shipping BV<span class=\"_ _207\"> </span>Belgium<span class=\"_ _14d\"> </span>Equity<span class=\"_ _10\"> </span>50.00%<span class=\"_ _1bf\"> </span>50.00%</div>\n<div class=\"t m8 x1 hc y670 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Good Investment Ltd\u2005<span class=\"_ _c1\"> </span>Hong Kong<span class=\"_ _a8\"> </span>Equity<span class=\"_ _10\"> </span>50.00%<span class=\"_ _1bf\"> </span>50.00%</div>\n<div class=\"t m8 x1 hc y671 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Monteriggioni Inc<span class=\"_ _257\"> </span>Liberia<span class=\"_ _2e\"> </span>Equity<span class=\"_ _10\"> </span>50.00%<span class=\"_ _1bf\"> </span>50.00%</div>\n<div class=\"t m8 x1 hd y672 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Associates</div>\n<div class=\"t m8 x1 hc y673 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Electra Offshor<span class=\"_ _3\"></span>e Ltd<span class=\"_ _16b\"> </span>Hong Kong<span class=\"_ _e5\"> </span>Equity<span class=\"_ _10\"> </span>40.00%<span class=\"_ _1bf\"> </span>40.00%</div>\n<div class=\"t m8 x1 hc y674 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Exview Hong Kong Ltd<span class=\"_ _1e\"> </span>Hong Kong<span class=\"_ _a8\"> </span>Equity<span class=\"_ _10\"> </span>40.00%<span class=\"_ _1bf\"> </span>40.00%</div>\n<div class=\"t m8 x1 hc y675 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Marpos NV<span class=\"_ _258\"> </span>Belgium<span class=\"_ _14d\"> </span>Equity<span class=\"_ _10\"> </span>45.00%<span class=\"_ _9c\"> </span>45.00%</div>\n<div class=\"t m8 x1 hc y676 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Springmarine Nigeria Ltd<span class=\"_ _215\"> </span>Nigeria<span class=\"_ _df\"> </span>Equity<span class=\"_ _1cc\"> </span>40.00%<span class=\"_ _9c\"> </span>40.00%</div>\n<div class=\"t m8 x1 hd y677 ff2 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Subsidiaries</div>\n<div class=\"t m8 x1 hc y678 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Ahlmar Germany GmbH<span class=\"_ _f0\"> </span>Germany<span class=\"_ _b1\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _bb\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y679 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Bexco NV (1)<span class=\"_ _237\"> </span>Belgium<span class=\"_ _126\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _1bf\"> </span>44.91%</div>\n<div class=\"t m8 x1 hc y67a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">DV Offshor<span class=\"_ _3\"></span>e SAS<span class=\"_ _259\"> </span>France<span class=\"_ _8e\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _bb\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y67b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">ECOS SRL<span class=\"_ _25a\"> </span>Italy<span class=\"_ _9b\"> </span>Full<span class=\"_ _15\"> </span>60.00%<span class=\"_ _1bf\"> </span>60.00%</div>\n<div class=\"t m8 x1 hc y67c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Argentina<span class=\"_ _84\"> </span>Argentina<span class=\"_ _1e2\"> </span>Full<span class=\"_ _c3\"> </span>100.00%<span class=\"_ _ac\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y67d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Energy Hong Kong Ltd<span class=\"_ _71\"> </span>Hong Kong<span class=\"_ _5b\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y67e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Energy Netherlands BV<span class=\"_ _25c\"> </span>Netherlands<span class=\"_ _195\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y67f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Energy Services BV<span class=\"_ _116\"> </span>Netherlands<span class=\"_ _195\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y680 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Export Netherlands\u2005<span class=\"_ _1f0\"> </span>Netherlands<span class=\"_ _195\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y681 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR FSRU Hong Kong Ltd\u2005<span class=\"_ _25d\"> </span>Hong Kong<span class=\"_ _5b\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _bb\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y682 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Holdings Ltd<span class=\"_ _25e\"> </span>Liberia<span class=\"_ _8e\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y683 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Hong Kong Ltd<span class=\"_ _da\"> </span>Hong Kong<span class=\"_ _5b\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y684 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR LPG Holding BV<span class=\"_ _1e\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y685 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR LNG Investments Ltd<span class=\"_ _25f\"> </span>Liberia<span class=\"_ _8e\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y686 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Lux SA<span class=\"_ _9f\"> </span>Luxembourg<span class=\"_ _bb\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _bb\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y687 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Marine NV<span class=\"_ _84\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y688 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Netherlands BV<span class=\"_ _260\"> </span>Netherlands<span class=\"_ _195\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y689 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR NV<span class=\"_ _258\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y68a ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Offshor<span class=\"_ _3\"></span>e Company<span class=\"_ _da\"> </span>USA<span class=\"_ _52\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y68b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Offshor<span class=\"_ _3\"></span>e Ltd<span class=\"_ _24d\"> </span>Bermuda<span class=\"_ _b1\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y68c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Offshor<span class=\"_ _3\"></span>e Services SA<span class=\"_ _1f5\"> </span>Luxembour<span class=\"_ _3\"></span>g<span class=\"_ _bb\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y68d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Offshor<span class=\"_ _3\"></span>e BV<span class=\"_ _25e\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y68e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Singapore Pte Ltd<span class=\"_ _123\"> </span>Singapore<span class=\"_ _1bf\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _bb\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y68f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Shipmanagement BV<span class=\"_ _116\"> </span>Belgium<span class=\"_ _126\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y690 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Shipmanagement India Private Ltd<span class=\"_ _f6\"> </span>India<span class=\"_ _1a7\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y691 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Shipping USA Inc<span class=\"_ _86\"> </span>USA<span class=\"_ _52\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y692 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Small Scale LPG NL BV<span class=\"_ _261\"> </span>Netherlands<span class=\"_ _195\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y693 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Small Scale LPG HK Ltd<span class=\"_ _1c4\"> </span>Hong Kong<span class=\"_ _9d\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _bb\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y694 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Small Scale LPG BE BV<span class=\"_ _1a8\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y695 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR (UK) Shipping Company Ltd<span class=\"_ _f1\"> </span>Great-Britain<span class=\"_ _25b\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y696 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR VLGC BV\u2005<span class=\"_ _262\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y697 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR VLGC Netherlands BV<span class=\"_ _10d\"> </span>Netherlands<span class=\"_ _195\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y698 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">EXMAR Y<span class=\"_ _1\"></span>achting BV<span class=\"_ _263\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y699 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Export LNG Ltd</div>\n<div class=\"t m35b xbd h16 y69a ff6 fsf fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> (2)</div>\n<div class=\"t m8 xaf hc y69b ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Hong Kong<span class=\"_ _5b\"> </span>Full<span class=\"_ _219\"> </span>-<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y69c ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Franship Offshor<span class=\"_ _3\"></span>e Lux SA<span class=\"_ _e2\"> </span>Luxembourg<span class=\"_ _db\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y69d ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Internationaal Maritiem Agentschap NV<span class=\"_ _bd\"> </span>Belgium<span class=\"_ _126\"> </span>Full<span class=\"_ _27\"> </span>99.03%<span class=\"_ _9c\"> </span>99.03%</div>\n<div class=\"t m8 x1 hc y69e ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Seavie Caribean Ltd Jamaica<span class=\"_ _114\"> </span>Jamaica<span class=\"_ _b0\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y69f ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Seavie Private Ltd<span class=\"_ _236\"> </span>India<span class=\"_ _64\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y6a0 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Solaia Shipping Llc</div>\n<div class=\"t m35b xbe h16 y6a1 ff6 fsf fc2 sc0 ls2 ws2\" style=\"z-index: 15;\"> (1)</div>\n<div class=\"t m8 x24 hc y6a2 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Liberia<span class=\"_ _8e\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _9c\"> </span>50.00%</div>\n<div class=\"t m8 x1 hc y6a3 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>ecto Cyprus Ltd<span class=\"_ _259\"> </span>Cyprus<span class=\"_ _7a\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y6a4 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _2\"></span>ecto Luxembourg SA<span class=\"_ _1e\"> </span>Luxembourg<span class=\"_ _db\"> </span>Full<span class=\"_ _1cc\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 hc y6a5 ff6 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ravel Plus BV<span class=\"_ _6a\"> </span>Belgium<span class=\"_ _1a9\"> </span>Full<span class=\"_ _1a\"> </span>100.00%<span class=\"_ _25b\"> </span>100.00%</div>\n<div class=\"t m8 x1 h14 y6a6 ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(1) <span class=\"_ _c7\"> </span>Change in shareholdership \u2013 we refer to Note 5 Business combinations and share deals for additional information.</div>\n<div class=\"t m8 x1 h14 y6a7 ff7 fsd fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(2) <span class=\"_ _c7\"> </span>Sold \u2013 we refer to Note 4 Divestitures.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 86px; height: 1053px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag504": {
   "value": "Belgium",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag517": {
   "value": "\n<div class=\"t m0 xe SeceLYo_161 y42 SeceLYo_23 SeceLYo_100 fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 38 - F<span class=\"_ SeceLYo_81\"></span>EES ST<span class=\"_ SeceLYo_81\"></span>A<span class=\"_ SeceLYo_79\"></span>TUTORY A<span class=\"_ SeceLYo_81\"></span>UDIT<span class=\"_ SeceLYo_81\"></span>OR</div>\n<div class=\"t SeceLYo_26 xe hb y7f SeceLYo_22 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">Th<span class=\"_ SeceLYo_82\"></span>e wor<span class=\"_ SeceLYo_82\"></span>ld<span class=\"_ SeceLYo_82\"></span>w<span class=\"_ SeceLYo_82\"></span>id<span class=\"_ SeceLYo_82\"></span>e aud<span class=\"_ SeceLYo_82\"></span>it a<span class=\"_ SeceLYo_82\"></span>nd ot<span class=\"_ SeceLYo_82\"></span>he<span class=\"_ SeceLYo_82\"></span>r fee<span class=\"_ SeceLYo_82\"></span>s in r<span class=\"_ SeceLYo_82\"></span>es<span class=\"_ SeceLYo_82\"></span>pe<span class=\"_ SeceLYo_82\"></span>c<span class=\"_ SeceLYo_82\"></span>t o<span class=\"_ SeceLYo_82\"></span>f se<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_83\"></span>vic<span class=\"_ SeceLYo_82\"></span>es p<span class=\"_ SeceLYo_82\"></span>rovi<span class=\"_ SeceLYo_82\"></span>de<span class=\"_ SeceLYo_82\"></span>d by t<span class=\"_ SeceLYo_82\"></span>he s<span class=\"_ SeceLYo_82\"></span>t<span class=\"_ SeceLYo_82\"></span>at<span class=\"_ SeceLYo_82\"></span>uto<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_83\"></span>y au<span class=\"_ SeceLYo_82\"></span>dito<span class=\"_ SeceLYo_82\"></span>r or c<span class=\"_ SeceLYo_82\"></span>om<span class=\"_ SeceLYo_82\"></span>pa<span class=\"_ SeceLYo_82\"></span>nies o<span class=\"_ SeceLYo_82\"></span>r pe<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>s<span class=\"_ SeceLYo_82\"></span>ons<span class=\"_ SeceLYo_82\"></span></div>\n<div class=\"t m8 xe hb y43 SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">rela<span class=\"_ SeceLYo_82\"></span>te<span class=\"_ SeceLYo_82\"></span>d to th<span class=\"_ SeceLYo_82\"></span>e au<span class=\"_ SeceLYo_82\"></span>dit<span class=\"_ SeceLYo_82\"></span>or<span class=\"_ SeceLYo_82\"></span>s, c<span class=\"_ SeceLYo_82\"></span>an b<span class=\"_ SeceLYo_82\"></span>e d<span class=\"_ SeceLYo_82\"></span>et<span class=\"_ SeceLYo_82\"></span>aile<span class=\"_ SeceLYo_82\"></span>d as f<span class=\"_ SeceLYo_82\"></span>oll<span class=\"_ SeceLYo_82\"></span>ows:</div>\n<div class=\"t m8 xe hd y302 SeceLYo_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(In thousands of EUR)<span class=\"_ SeceLYo_88\"> </span>2022<span class=\"_ _15\"> </span>2021</div>\n<div class=\"t m8 xe hc y303 SeceLYo_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Audit services\ue61e<span class=\"_ SeceLYo_91\"> </span>397<span class=\"_ _25\"> </span>389</div>\n<div class=\"t m8 xe hc y304 SeceLYo_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Audit related services<span class=\"_ SeceLYo_90\"> </span>174<span class=\"_ _25\"> </span>109</div>\n<div class=\"t m8 xe hc y305 SeceLYo_24 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">T<span class=\"_ SeceLYo_79\"></span>ax services<span class=\"_ SeceLYo_92\"> </span>30<span class=\"_ _1c\"> </span>31</div>\n<div class=\"t m8 xe hd y306 SeceLYo_23 fs5 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Fees statutory auditor<span class=\"_ SeceLYo_89\"> </span>601<span class=\"_ SecUhHj_45\"> </span>529</div>\n<div class=\"t m8 xe hb y8c SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">For 202<span class=\"_ SeceLYo_82\"></span>2 an<span class=\"_ SeceLYo_82\"></span>d 2021<span class=\"_ SeceLYo_81\"></span>, the no<span class=\"_ SeceLYo_82\"></span>n<span class=\"_ SeceLYo_82\"></span>-au<span class=\"_ SeceLYo_82\"></span>di<span class=\"_ SeceLYo_82\"></span>t fe<span class=\"_ SeceLYo_82\"></span>es d<span class=\"_ SeceLYo_82\"></span>o not exc<span class=\"_ SeceLYo_82\"></span>ee<span class=\"_ SeceLYo_82\"></span>d t<span class=\"_ SeceLYo_82\"></span>he au<span class=\"_ SeceLYo_82\"></span>dit f<span class=\"_ SeceLYo_82\"></span>ee<span class=\"_ SeceLYo_82\"></span>s.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 921px; height: 218px; width: 94%; z-index: 2;\"></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag510": {
   "value": "\n<div class=\"t m0 xe SeceLYo_161 y4a SeceLYo_23 SeceLYo_100 fc3 sc0 ls2 ws2\" style=\"z-index: 15;\">NOTE 3<span class=\"_ SeceLYo_81\"></span>9 - SUBS<span class=\"_ SeceLYo_81\"></span>EQUENT EVENTS</div>\n<div class=\"t m8 xe hb y4c SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">In t<span class=\"_ SeceLYo_82\"></span>he fir<span class=\"_ SeceLYo_82\"></span>s<span class=\"_ SeceLYo_82\"></span>t q<span class=\"_ SeceLYo_82\"></span>uar<span class=\"_ SeceLYo_83\"></span>te<span class=\"_ SeceLYo_82\"></span>r of 2023, t<span class=\"_ SeceLYo_82\"></span>he fo<span class=\"_ SeceLYo_82\"></span>llow<span class=\"_ SeceLYo_82\"></span>in<span class=\"_ SeceLYo_82\"></span>g su<span class=\"_ SeceLYo_82\"></span>bs<span class=\"_ SeceLYo_82\"></span>eq<span class=\"_ SeceLYo_82\"></span>ue<span class=\"_ SeceLYo_82\"></span>nt eve<span class=\"_ SeceLYo_82\"></span>nt<span class=\"_ SeceLYo_82\"></span>s o<span class=\"_ SeceLYo_82\"></span>cc<span class=\"_ SeceLYo_82\"></span>ur<span class=\"_ SeceLYo_82\"></span>re<span class=\"_ SeceLYo_82\"></span>d at o<span class=\"_ SeceLYo_82\"></span>ur e<span class=\"_ SeceLYo_82\"></span>qu<span class=\"_ SeceLYo_82\"></span>it<span class=\"_ SeceLYo_83\"></span>y acc<span class=\"_ SeceLYo_82\"></span>oun<span class=\"_ SeceLYo_82\"></span>te<span class=\"_ SeceLYo_82\"></span>d inves<span class=\"_ SeceLYo_82\"></span>t<span class=\"_ SeceLYo_82\"></span>ee<span class=\"_ SeceLYo_82\"></span>s:</div>\n<div class=\"t m8 xe hb y1e3 SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m321 x3f hb y4d SeceLYo_22 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">Paym<span class=\"_ SeceLYo_82\"></span>ent of t<span class=\"_ SeceLYo_82\"></span>h<span class=\"_ SeceLYo_82\"></span>e ear<span class=\"_ SeceLYo_82\"></span>ly b<span class=\"_ SeceLYo_82\"></span>uy<span class=\"_ SeceLYo_82\"></span>-<span class=\"_ SeceLYo_82\"></span>ou<span class=\"_ SeceLYo_82\"></span>t o<span class=\"_ SeceLYo_82\"></span>pti<span class=\"_ SeceLYo_82\"></span>on of t<span class=\"_ SeceLYo_82\"></span>he fi<span class=\"_ SeceLYo_82\"></span>nan<span class=\"_ SeceLYo_82\"></span>cin<span class=\"_ SeceLYo_82\"></span>g of t<span class=\"_ SeceLYo_82\"></span>w<span class=\"_ SeceLYo_82\"></span>o mid<span class=\"_ SeceLYo_82\"></span>si<span class=\"_ SeceLYo_82\"></span>ze ga<span class=\"_ SeceLYo_82\"></span>s c<span class=\"_ SeceLYo_82\"></span>ar<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>ier<span class=\"_ SeceLYo_82\"></span>s a<span class=\"_ SeceLYo_82\"></span>nd r<span class=\"_ SeceLYo_82\"></span>efina<span class=\"_ SeceLYo_82\"></span>nc<span class=\"_ SeceLYo_82\"></span>ing t<span class=\"_ SeceLYo_82\"></span>hr<span class=\"_ SeceLYo_82\"></span>oug<span class=\"_ SeceLYo_82\"></span>h t<span class=\"_ SeceLYo_82\"></span>he us<span class=\"_ SeceLYo_82\"></span>e</div>\n<div class=\"t m8 x3f hb y4e SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of USD 70.0 million t<span class=\"_ SeceLYo_82\"></span>er<span class=\"_ SeceLYo_82\"></span>m l<span class=\"_ SeceLYo_82\"></span>oan<span class=\"_ SeceLYo_82\"></span>s;</div>\n<div class=\"t m8 xe hb y202 SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m15c x3f hb y72 SeceLYo_22 fs9 fc2 sc0 ls2 wsf\" style=\"z-index: 15;\">Sal<span class=\"_ SeceLYo_82\"></span>e of th<span class=\"_ SeceLYo_82\"></span>e mid<span class=\"_ SeceLYo_82\"></span>si<span class=\"_ SeceLYo_82\"></span>ze ga<span class=\"_ SeceLYo_82\"></span>s c<span class=\"_ SeceLYo_82\"></span>ar<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>ier BA<span class=\"_ SeceLYo_82\"></span>S<span class=\"_ SeceLYo_82\"></span>TOGNE, w<span class=\"_ SeceLYo_82\"></span>hic<span class=\"_ SeceLYo_82\"></span>h wa<span class=\"_ SeceLYo_82\"></span>s cla<span class=\"_ SeceLYo_82\"></span>s<span class=\"_ SeceLYo_82\"></span>si<span class=\"_ SeceLYo_82\"></span>fie<span class=\"_ SeceLYo_82\"></span>d as he<span class=\"_ SeceLYo_82\"></span>ld fo<span class=\"_ SeceLYo_82\"></span>r s<span class=\"_ SeceLYo_82\"></span>ale i<span class=\"_ SeceLYo_82\"></span>n th<span class=\"_ SeceLYo_82\"></span>e man<span class=\"_ SeceLYo_82\"></span>age<span class=\"_ SeceLYo_82\"></span>me<span class=\"_ SeceLYo_82\"></span>nt r<span class=\"_ SeceLYo_82\"></span>ep<span class=\"_ SeceLYo_82\"></span>or<span class=\"_ SeceLYo_83\"></span>t<span class=\"_ SeceLYo_82\"></span>ing,</div>\n<div class=\"t m8 x3f hb y4f SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">se<span class=\"_ SeceLYo_82\"></span>e Note 2 S<span class=\"_ SeceLYo_82\"></span>eg<span class=\"_ SeceLYo_82\"></span>me<span class=\"_ SeceLYo_82\"></span>nt re<span class=\"_ SeceLYo_82\"></span>p<span class=\"_ SeceLYo_82\"></span>or<span class=\"_ SeceLYo_83\"></span>ti<span class=\"_ SeceLYo_82\"></span>ng;</div>\n<div class=\"t m8 xe hb y6a8 SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m35d x3f hb y50 SeceLYo_22 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">Ad<span class=\"_ SeceLYo_82\"></span>di<span class=\"_ SeceLYo_82\"></span>tio<span class=\"_ SeceLYo_82\"></span>nal d<span class=\"_ SeceLYo_82\"></span>ow<span class=\"_ SeceLYo_82\"></span>n pay<span class=\"_ SeceLYo_82\"></span>m<span class=\"_ SeceLYo_82\"></span>ent o<span class=\"_ SeceLYo_82\"></span>f USD 1<span class=\"_ SeceLYo_81\"></span>3.8 millio<span class=\"_ SeceLYo_82\"></span>n fo<span class=\"_ SeceLYo_82\"></span>r th<span class=\"_ SeceLYo_82\"></span>e co<span class=\"_ SeceLYo_82\"></span>ns<span class=\"_ SeceLYo_82\"></span>t<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>uc<span class=\"_ SeceLYo_83\"></span>tio<span class=\"_ SeceLYo_82\"></span>n of t<span class=\"_ SeceLYo_82\"></span>w<span class=\"_ SeceLYo_82\"></span>o new m<span class=\"_ SeceLYo_82\"></span>id<span class=\"_ SeceLYo_82\"></span>size ve<span class=\"_ SeceLYo_82\"></span>s<span class=\"_ SeceLYo_82\"></span>s<span class=\"_ SeceLYo_82\"></span>els (s<span class=\"_ SeceLYo_82\"></span>ee a<span class=\"_ SeceLYo_82\"></span>ls<span class=\"_ SeceLYo_82\"></span>o Note 3<span class=\"_ SeceLYo_82\"></span>4</div>\n<div class=\"t m8 x3f hb y51 SeceLYo_22 fs9 fc2 sc0 ls14 ws2f\" style=\"z-index: 15;\">Capit<span class=\"_ SeceLYo_82\"></span>al commitments)<span class=\"_ SeceLYo_81\"></span>;</div>\n<div class=\"t m8 xe hb y6a9 SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">\u2022</div>\n<div class=\"t m271 x3f hb y52 SeceLYo_22 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">Or<span class=\"_ SeceLYo_82\"></span>de<span class=\"_ SeceLYo_82\"></span>ri<span class=\"_ SeceLYo_82\"></span>ng of t<span class=\"_ SeceLYo_83\"></span>wo in<span class=\"_ SeceLYo_82\"></span>nova<span class=\"_ SeceLYo_82\"></span>tive 4<span class=\"_ SeceLYo_82\"></span>6,0<span class=\"_ SeceLYo_83\"></span>0<span class=\"_ SeceLYo_82\"></span>0<span class=\"_ SeceLYo_82\"></span>m3 mi<span class=\"_ SeceLYo_82\"></span>ds<span class=\"_ SeceLYo_82\"></span>ize LP<span class=\"_ SeceLYo_82\"></span>G/ammo<span class=\"_ SeceLYo_82\"></span>nia c<span class=\"_ SeceLYo_82\"></span>ar<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>ie<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>s wit<span class=\"_ SeceLYo_82\"></span>h d<span class=\"_ SeceLYo_82\"></span>ual f<span class=\"_ SeceLYo_82\"></span>ue<span class=\"_ SeceLYo_82\"></span>l pro<span class=\"_ SeceLYo_82\"></span>p<span class=\"_ SeceLYo_82\"></span>uls<span class=\"_ SeceLYo_82\"></span>ion w<span class=\"_ SeceLYo_82\"></span>it<span class=\"_ SeceLYo_82\"></span>h op<span class=\"_ SeceLYo_82\"></span>tio<span class=\"_ SeceLYo_82\"></span>n to</div>\n<div class=\"t m8 x3f hb y53 SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">have th<span class=\"_ SeceLYo_82\"></span>em a<span class=\"_ SeceLYo_82\"></span>mm<span class=\"_ SeceLYo_82\"></span>onia f<span class=\"_ SeceLYo_82\"></span>u<span class=\"_ SeceLYo_82\"></span>ele<span class=\"_ SeceLYo_82\"></span>d fo<span class=\"_ SeceLYo_82\"></span>r a pr<span class=\"_ SeceLYo_82\"></span>ic<span class=\"_ SeceLYo_82\"></span>e of USD 73.4 millio<span class=\"_ SeceLYo_82\"></span>n pe<span class=\"_ SeceLYo_82\"></span>r ves<span class=\"_ SeceLYo_82\"></span>s<span class=\"_ SeceLYo_82\"></span>el.</div>\n<div class=\"t SeceLYo_28 xe hb y73 SeceLYo_22 fs9 fc2 sc0 ls1a wsc\" style=\"z-index: 15;\">On A<span class=\"_ SeceLYo_82\"></span>p<span class=\"_ SeceLYo_82\"></span>ri<span class=\"_ SeceLYo_82\"></span>l 3, 2023 E<span class=\"_ SeceLYo_82\"></span>XM<span class=\"_ SeceLYo_82\"></span>AR N<span class=\"_ SeceLYo_82\"></span>V (\u201cEXM<span class=\"_ SeceLYo_82\"></span>AR<span class=\"_ SeceLYo_82\"></span>\u201d) (Eur<span class=\"_ SeceLYo_82\"></span>on<span class=\"_ SeceLYo_82\"></span>ex<span class=\"_ SeceLYo_82\"></span>t Br<span class=\"_ SeceLYo_82\"></span>u<span class=\"_ SeceLYo_82\"></span>s<span class=\"_ SeceLYo_82\"></span>se<span class=\"_ SeceLYo_82\"></span>ls: E<span class=\"_ SeceLYo_82\"></span>X<span class=\"_ SeceLYo_82\"></span>M) ha<span class=\"_ SeceLYo_82\"></span>s be<span class=\"_ SeceLYo_82\"></span>en i<span class=\"_ SeceLYo_82\"></span>nfor<span class=\"_ SeceLYo_83\"></span>med b<span class=\"_ SeceLYo_82\"></span>y SAVERE<span class=\"_ SeceLYo_82\"></span>X NV (\u201cSAVERE<span class=\"_ SeceLYo_82\"></span>X\u201d)</div>\n<div class=\"t SeceLYo_49 xe hb y55 SeceLYo_22 fs9 fc2 sc0 ls16 wsf\" style=\"z-index: 15;\">tha<span class=\"_ SeceLYo_82\"></span>t SAVERE<span class=\"_ SeceLYo_82\"></span>X int<span class=\"_ SeceLYo_82\"></span>en<span class=\"_ SeceLYo_82\"></span>ds t<span class=\"_ SeceLYo_82\"></span>o lau<span class=\"_ SeceLYo_82\"></span>nc<span class=\"_ SeceLYo_82\"></span>h a volu<span class=\"_ SeceLYo_82\"></span>nt<span class=\"_ SeceLYo_82\"></span>ar<span class=\"_ SeceLYo_83\"></span>y an<span class=\"_ SeceLYo_82\"></span>d co<span class=\"_ SeceLYo_82\"></span>nd<span class=\"_ SeceLYo_82\"></span>iti<span class=\"_ SeceLYo_82\"></span>on<span class=\"_ SeceLYo_82\"></span>al pu<span class=\"_ SeceLYo_82\"></span>bli<span class=\"_ SeceLYo_82\"></span>c t<span class=\"_ SeceLYo_82\"></span>akeove<span class=\"_ SeceLYo_82\"></span>r bid f<span class=\"_ SeceLYo_82\"></span>or all s<span class=\"_ SeceLYo_82\"></span>ha<span class=\"_ SeceLYo_82\"></span>re<span class=\"_ SeceLYo_82\"></span>s and s<span class=\"_ SeceLYo_82\"></span>ha<span class=\"_ SeceLYo_82\"></span>re o<span class=\"_ SeceLYo_82\"></span>pti<span class=\"_ SeceLYo_82\"></span>ons</div>\n<div class=\"t SeceLYo_30 xe hb y56 SeceLYo_22 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">is<span class=\"_ SeceLYo_82\"></span>su<span class=\"_ SeceLYo_82\"></span>ed b<span class=\"_ SeceLYo_82\"></span>y E<span class=\"_ SeceLYo_82\"></span>XM<span class=\"_ SeceLYo_82\"></span>AR n<span class=\"_ SeceLYo_82\"></span>ot alre<span class=\"_ SeceLYo_82\"></span>ad<span class=\"_ SeceLYo_82\"></span>y ow<span class=\"_ SeceLYo_82\"></span>ne<span class=\"_ SeceLYo_82\"></span>d by it o<span class=\"_ SeceLYo_82\"></span>r pe<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>s<span class=\"_ SeceLYo_82\"></span>ons a<span class=\"_ SeceLYo_82\"></span>f<span class=\"_ SeceLYo_82\"></span>fil<span class=\"_ SeceLYo_82\"></span>iate<span class=\"_ SeceLYo_82\"></span>d wi<span class=\"_ SeceLYo_82\"></span>th i<span class=\"_ SeceLYo_82\"></span>t (th<span class=\"_ SeceLYo_82\"></span>e \u201cBid\u201d). Th<span class=\"_ SeceLYo_82\"></span>e Bid w<span class=\"_ SeceLYo_82\"></span>oul<span class=\"_ SeceLYo_82\"></span>d be m<span class=\"_ SeceLYo_82\"></span>ad<span class=\"_ SeceLYo_82\"></span>e at a p<span class=\"_ SeceLYo_82\"></span>ri<span class=\"_ SeceLYo_82\"></span>ce</div>\n<div class=\"t m8 xe hb y57 SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">of EUR 1<span class=\"_ SeceLYo_81\"></span>2.<span class=\"_ SeceLYo_79\"></span>10 pe<span class=\"_ SeceLYo_82\"></span>r sh<span class=\"_ SeceLYo_82\"></span>are, and w<span class=\"_ SeceLYo_82\"></span>oul<span class=\"_ SeceLYo_82\"></span>d b<span class=\"_ SeceLYo_82\"></span>e pai<span class=\"_ SeceLYo_82\"></span>d in c<span class=\"_ SeceLYo_82\"></span>as<span class=\"_ SeceLYo_82\"></span>h.</div>\n<div class=\"t SeceLYo_50 xe hb y58 SeceLYo_22 fs9 fc2 sc0 ls16 wsf\" style=\"z-index: 15;\">Th<span class=\"_ SeceLYo_82\"></span>e pr<span class=\"_ SeceLYo_82\"></span>ic<span class=\"_ SeceLYo_82\"></span>e of EUR 1<span class=\"_ SeceLYo_81\"></span>2.<span class=\"_ SeceLYo_80\"></span>10 per sh<span class=\"_ SeceLYo_82\"></span>are r<span class=\"_ SeceLYo_82\"></span>ep<span class=\"_ SeceLYo_82\"></span>re<span class=\"_ SeceLYo_82\"></span>se<span class=\"_ SeceLYo_82\"></span>nt<span class=\"_ SeceLYo_82\"></span>s a p<span class=\"_ SeceLYo_82\"></span>re<span class=\"_ SeceLYo_82\"></span>miu<span class=\"_ SeceLYo_82\"></span>m of 24.<span class=\"_ SeceLYo_81\"></span>7<span class=\"_ SeceLYo_81\"></span>4<span class=\"_ SeceLYo_81\"></span>% to t<span class=\"_ SeceLYo_82\"></span>he c<span class=\"_ SeceLYo_82\"></span>los<span class=\"_ SeceLYo_82\"></span>in<span class=\"_ SeceLYo_82\"></span>g pr<span class=\"_ SeceLYo_82\"></span>ic<span class=\"_ SeceLYo_82\"></span>e of E<span class=\"_ SeceLYo_82\"></span>XM<span class=\"_ SeceLYo_82\"></span>AR a<span class=\"_ SeceLYo_82\"></span>s at 31 Marc<span class=\"_ SeceLYo_82\"></span>h</div>\n<div class=\"t SeceLYo_39 xe hb y59 SeceLYo_22 fs9 fc2 sc0 ls2 wsb\" style=\"z-index: 15;\">2023. T<span class=\"_ SeceLYo_82\"></span>his p<span class=\"_ SeceLYo_82\"></span>ri<span class=\"_ SeceLYo_82\"></span>ce wo<span class=\"_ SeceLYo_82\"></span>uld i<span class=\"_ SeceLYo_82\"></span>mp<span class=\"_ SeceLYo_82\"></span>ly a p<span class=\"_ SeceLYo_82\"></span>re<span class=\"_ SeceLYo_82\"></span>mium o<span class=\"_ SeceLYo_82\"></span>f 33.<span class=\"_ SeceLYo_80\"></span>1<span class=\"_ SeceLYo_81\"></span>9%<span class=\"_ SeceLYo_82\"></span>, 44.01<span class=\"_ SeceLYo_81\"></span>%, 34.<span class=\"_ SeceLYo_80\"></span>1<span class=\"_ SeceLYo_81\"></span>2% a<span class=\"_ SeceLYo_82\"></span>nd 4<span class=\"_ SeceLYo_82\"></span>6.03% re<span class=\"_ SeceLYo_82\"></span>s<span class=\"_ SeceLYo_82\"></span>pe<span class=\"_ SeceLYo_82\"></span>c<span class=\"_ SeceLYo_82\"></span>t<span class=\"_ SeceLYo_82\"></span>ive<span class=\"_ SeceLYo_82\"></span>ly ove<span class=\"_ SeceLYo_82\"></span>r th<span class=\"_ SeceLYo_82\"></span>e one<span class=\"_ SeceLYo_83\"></span>-m<span class=\"_ SeceLYo_82\"></span>on<span class=\"_ SeceLYo_82\"></span>th,</div>\n<div class=\"t SeceLYo_48 xe hb y5a SeceLYo_22 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">thr<span class=\"_ SeceLYo_82\"></span>ee<span class=\"_ SeceLYo_82\"></span>-<span class=\"_ SeceLYo_82\"></span>m<span class=\"_ SeceLYo_82\"></span>ont<span class=\"_ SeceLYo_82\"></span>h, si<span class=\"_ SeceLYo_82\"></span>x-m<span class=\"_ SeceLYo_82\"></span>on<span class=\"_ SeceLYo_82\"></span>th a<span class=\"_ SeceLYo_82\"></span>nd t<span class=\"_ SeceLYo_83\"></span>wel<span class=\"_ SeceLYo_82\"></span>ve<span class=\"_ SeceLYo_82\"></span>-<span class=\"_ SeceLYo_82\"></span>mo<span class=\"_ SeceLYo_82\"></span>nth vo<span class=\"_ SeceLYo_82\"></span>lum<span class=\"_ SeceLYo_82\"></span>e wei<span class=\"_ SeceLYo_82\"></span>ght<span class=\"_ SeceLYo_82\"></span>ed ave<span class=\"_ SeceLYo_82\"></span>ra<span class=\"_ SeceLYo_82\"></span>ge p<span class=\"_ SeceLYo_82\"></span>ri<span class=\"_ SeceLYo_82\"></span>ce<span class=\"_ SeceLYo_82\"></span>s (<span class=\"_ SeceLYo_82\"></span>V<span class=\"_ SeceLYo_83\"></span>WAP) of t<span class=\"_ SeceLYo_82\"></span>he E<span class=\"_ SeceLYo_83\"></span>XMA<span class=\"_ SeceLYo_82\"></span>R s<span class=\"_ SeceLYo_82\"></span>hare o<span class=\"_ SeceLYo_82\"></span>n t<span class=\"_ SeceLYo_82\"></span>he</div>\n<div class=\"t m8 xe hb y5b SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">reg<span class=\"_ SeceLYo_82\"></span>ula<span class=\"_ SeceLYo_82\"></span>ted m<span class=\"_ SeceLYo_82\"></span>ar<span class=\"_ SeceLYo_82\"></span>ket of Eur<span class=\"_ SeceLYo_82\"></span>on<span class=\"_ SeceLYo_82\"></span>ex<span class=\"_ SeceLYo_82\"></span>t Br<span class=\"_ SeceLYo_82\"></span>u<span class=\"_ SeceLYo_82\"></span>s<span class=\"_ SeceLYo_82\"></span>se<span class=\"_ SeceLYo_82\"></span>ls<span class=\"_ SeceLYo_82\"></span>.</div>\n<div class=\"t m348 xe hb y5c SeceLYo_22 fs9 fc2 sc0 ls15 wsb\" style=\"z-index: 15;\">If E<span class=\"_ SeceLYo_82\"></span>XM<span class=\"_ SeceLYo_82\"></span>AR<span class=\"_ SeceLYo_82\"></span>\u2019s annu<span class=\"_ SeceLYo_82\"></span>al ge<span class=\"_ SeceLYo_82\"></span>ne<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>al me<span class=\"_ SeceLYo_82\"></span>eti<span class=\"_ SeceLYo_82\"></span>ng of 1<span class=\"_ SeceLYo_81\"></span>6 May 2023 a<span class=\"_ SeceLYo_82\"></span>p<span class=\"_ SeceLYo_82\"></span>prove<span class=\"_ SeceLYo_82\"></span>s t<span class=\"_ SeceLYo_82\"></span>he pay<span class=\"_ SeceLYo_82\"></span>me<span class=\"_ SeceLYo_82\"></span>nt of a g<span class=\"_ SeceLYo_82\"></span>ros<span class=\"_ SeceLYo_82\"></span>s d<span class=\"_ SeceLYo_82\"></span>iv<span class=\"_ SeceLYo_82\"></span>ide<span class=\"_ SeceLYo_82\"></span>nd o<span class=\"_ SeceLYo_82\"></span>f EUR 1<span class=\"_ SeceLYo_81\"></span>.0<span class=\"_ SeceLYo_82\"></span>0 pe<span class=\"_ SeceLYo_82\"></span>r</div>\n<div class=\"t m5f xe hb y5d SeceLYo_22 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">sha<span class=\"_ SeceLYo_82\"></span>re as p<span class=\"_ SeceLYo_82\"></span>ro<span class=\"_ SeceLYo_82\"></span>p<span class=\"_ SeceLYo_82\"></span>os<span class=\"_ SeceLYo_82\"></span>ed by E<span class=\"_ SeceLYo_83\"></span>XMA<span class=\"_ SeceLYo_82\"></span>R<span class=\"_ SeceLYo_82\"></span>\u2019s boar<span class=\"_ SeceLYo_82\"></span>d of di<span class=\"_ SeceLYo_82\"></span>rec<span class=\"_ SeceLYo_83\"></span>to<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>s and t<span class=\"_ SeceLYo_82\"></span>h<span class=\"_ SeceLYo_82\"></span>e ex-<span class=\"_ SeceLYo_82\"></span>di<span class=\"_ SeceLYo_82\"></span>vid<span class=\"_ SeceLYo_82\"></span>e<span class=\"_ SeceLYo_82\"></span>nd d<span class=\"_ SeceLYo_82\"></span>ate (22 M<span class=\"_ SeceLYo_82\"></span>ay 2023) f<span class=\"_ SeceLYo_82\"></span>all<span class=\"_ SeceLYo_82\"></span>s pr<span class=\"_ SeceLYo_82\"></span>io<span class=\"_ SeceLYo_82\"></span>r to th<span class=\"_ SeceLYo_82\"></span>e da<span class=\"_ SeceLYo_82\"></span>te of</div>\n<div class=\"t m1f5 xe hb y5e SeceLYo_22 fs9 fc2 sc0 ls1b wsd\" style=\"z-index: 15;\">pay<span class=\"_ SeceLYo_82\"></span>me<span class=\"_ SeceLYo_82\"></span>nt of t<span class=\"_ SeceLYo_82\"></span>he b<span class=\"_ SeceLYo_82\"></span>id pr<span class=\"_ SeceLYo_82\"></span>i<span class=\"_ SeceLYo_82\"></span>ce, the b<span class=\"_ SeceLYo_82\"></span>id p<span class=\"_ SeceLYo_82\"></span>ri<span class=\"_ SeceLYo_82\"></span>ce p<span class=\"_ SeceLYo_82\"></span>er s<span class=\"_ SeceLYo_82\"></span>ha<span class=\"_ SeceLYo_82\"></span>re is a<span class=\"_ SeceLYo_82\"></span>nno<span class=\"_ SeceLYo_82\"></span>un<span class=\"_ SeceLYo_82\"></span>ce<span class=\"_ SeceLYo_82\"></span>d to b<span class=\"_ SeceLYo_82\"></span>e re<span class=\"_ SeceLYo_82\"></span>du<span class=\"_ SeceLYo_82\"></span>ce<span class=\"_ SeceLYo_82\"></span>d by th<span class=\"_ SeceLYo_82\"></span>e gr<span class=\"_ SeceLYo_82\"></span>os<span class=\"_ SeceLYo_82\"></span>s am<span class=\"_ SeceLYo_82\"></span>ou<span class=\"_ SeceLYo_82\"></span>nt of s<span class=\"_ SeceLYo_82\"></span>uc<span class=\"_ SeceLYo_82\"></span>h di<span class=\"_ SeceLYo_82\"></span>vi<span class=\"_ SeceLYo_82\"></span>de<span class=\"_ SeceLYo_82\"></span>nd</div>\n<div class=\"t m8 xe hb y5f SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">(b<span class=\"_ SeceLYo_82\"></span>efo<span class=\"_ SeceLYo_82\"></span>re a<span class=\"_ SeceLYo_82\"></span>ny app<span class=\"_ SeceLYo_82\"></span>lic<span class=\"_ SeceLYo_82\"></span>a<span class=\"_ SeceLYo_82\"></span>bl<span class=\"_ SeceLYo_82\"></span>e ta<span class=\"_ SeceLYo_82\"></span>x d<span class=\"_ SeceLYo_82\"></span>e<span class=\"_ SeceLYo_82\"></span>duc<span class=\"_ SeceLYo_83\"></span>ti<span class=\"_ SeceLYo_82\"></span>on).</div>\n<div class=\"t m8 xe hb SeceLYo_121 SeceLYo_22 fs9 fc2 sc0 ls2 ws20\" style=\"z-index: 15;\">SAVERE<span class=\"_ SeceLYo_82\"></span>X cu<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>re<span class=\"_ SeceLYo_82\"></span>ntl<span class=\"_ SeceLYo_82\"></span>y ow<span class=\"_ SeceLYo_82\"></span>ns 26,89<span class=\"_ SeceLYo_82\"></span>9<span class=\"_ SeceLYo_80\"></span>,4<span class=\"_ SeceLYo_82\"></span>31 share<span class=\"_ SeceLYo_82\"></span>s in E<span class=\"_ SeceLYo_82\"></span>X<span class=\"_ SeceLYo_82\"></span>MA<span class=\"_ SeceLYo_82\"></span>R (or 45.21<span class=\"_ SeceLYo_81\"></span>%)<span class=\"_ SeceLYo_81\"></span>. E<span class=\"_ SeceLYo_82\"></span>XM<span class=\"_ SeceLYo_82\"></span>AR<span class=\"_ SeceLYo_82\"></span>, wh<span class=\"_ SeceLYo_82\"></span>ich i<span class=\"_ SeceLYo_82\"></span>s co<span class=\"_ SeceLYo_82\"></span>nsi<span class=\"_ SeceLYo_82\"></span>de<span class=\"_ SeceLYo_82\"></span>re<span class=\"_ SeceLYo_82\"></span>d a pe<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>so<span class=\"_ SeceLYo_82\"></span>n af<span class=\"_ SeceLYo_83\"></span>filia<span class=\"_ SeceLYo_82\"></span>ted</div>\n<div class=\"t SeceLYo_36 xe hb y75 SeceLYo_22 fs9 fc2 sc0 ls12 wsd\" style=\"z-index: 15;\">wit<span class=\"_ SeceLYo_82\"></span>h SAVERE<span class=\"_ SeceLYo_82\"></span>X<span class=\"_ SeceLYo_82\"></span>, ow<span class=\"_ SeceLYo_82\"></span>ns 2,<span class=\"_ SeceLYo_82\"></span>273,263 t<span class=\"_ SeceLYo_82\"></span>rea<span class=\"_ SeceLYo_82\"></span>su<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>y s<span class=\"_ SeceLYo_82\"></span>ha<span class=\"_ SeceLYo_82\"></span>re<span class=\"_ SeceLYo_82\"></span>s (or 3.82%). Nicola<span class=\"_ SeceLYo_82\"></span>s Save<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>y<span class=\"_ SeceLYo_82\"></span>s, w<span class=\"_ SeceLYo_82\"></span>hic<span class=\"_ SeceLYo_82\"></span>h is al<span class=\"_ SeceLYo_82\"></span>so c<span class=\"_ SeceLYo_82\"></span>on<span class=\"_ SeceLYo_82\"></span>si<span class=\"_ SeceLYo_82\"></span>de<span class=\"_ SeceLYo_82\"></span>re<span class=\"_ SeceLYo_82\"></span>d a pe<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>so<span class=\"_ SeceLYo_82\"></span>n af<span class=\"_ SeceLYo_83\"></span>fili<span class=\"_ SeceLYo_82\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t SeceLYo_34 xe hb y76 SeceLYo_22 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">ate<span class=\"_ SeceLYo_82\"></span>d wit<span class=\"_ SeceLYo_82\"></span>h SAVERE<span class=\"_ SeceLYo_82\"></span>X<span class=\"_ SeceLYo_82\"></span>, ow<span class=\"_ SeceLYo_82\"></span>ns 7<span class=\"_ SeceLYo_79\"></span>,92<span class=\"_ SeceLYo_81\"></span>4 s<span class=\"_ SeceLYo_82\"></span>hare<span class=\"_ SeceLYo_82\"></span>s in E<span class=\"_ SeceLYo_82\"></span>X<span class=\"_ SeceLYo_82\"></span>MA<span class=\"_ SeceLYo_82\"></span>R (or 0.01<span class=\"_ SeceLYo_80\"></span>%). The Bi<span class=\"_ SeceLYo_82\"></span>d wou<span class=\"_ SeceLYo_82\"></span>ld t<span class=\"_ SeceLYo_82\"></span>hu<span class=\"_ SeceLYo_82\"></span>s rela<span class=\"_ SeceLYo_82\"></span>te to t<span class=\"_ SeceLYo_82\"></span>he re<span class=\"_ SeceLYo_82\"></span>mai<span class=\"_ SeceLYo_82\"></span>ning 3<span class=\"_ SeceLYo_82\"></span>0,<span class=\"_ SeceLYo_82\"></span>31<span class=\"_ SeceLYo_80\"></span>9<span class=\"_ SeceLYo_80\"></span>,<span class=\"_ SeceLYo_82\"></span>382<span class=\"_ SeceLYo_82\"></span></div>\n<div class=\"t m8 xe hb y61 SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">sha<span class=\"_ SeceLYo_82\"></span>re<span class=\"_ SeceLYo_82\"></span>s (or 50.<span class=\"_ SeceLYo_81\"></span>96<span class=\"_ SeceLYo_81\"></span>%) in EX<span class=\"_ SeceLYo_82\"></span>MA<span class=\"_ SeceLYo_82\"></span>R.</div>\n<div class=\"t SeceLYo_25 xe hb y77 SeceLYo_22 fs9 fc2 sc0 ls10 wsc\" style=\"z-index: 15;\">The B<span class=\"_ SeceLYo_82\"></span>id wo<span class=\"_ SeceLYo_82\"></span>ul<span class=\"_ SeceLYo_82\"></span>d be ma<span class=\"_ SeceLYo_82\"></span>de s<span class=\"_ SeceLYo_82\"></span>ub<span class=\"_ SeceLYo_82\"></span>je<span class=\"_ SeceLYo_82\"></span>c<span class=\"_ SeceLYo_82\"></span>t to a n<span class=\"_ SeceLYo_82\"></span>umb<span class=\"_ SeceLYo_82\"></span>e<span class=\"_ SeceLYo_82\"></span>r of co<span class=\"_ SeceLYo_82\"></span>ndi<span class=\"_ SeceLYo_82\"></span>tio<span class=\"_ SeceLYo_82\"></span>ns, i<span class=\"_ SeceLYo_82\"></span>ncl<span class=\"_ SeceLYo_82\"></span>ud<span class=\"_ SeceLYo_82\"></span>ing a<span class=\"_ SeceLYo_82\"></span>n acc<span class=\"_ SeceLYo_82\"></span>ept<span class=\"_ SeceLYo_82\"></span>a<span class=\"_ SeceLYo_82\"></span>nce t<span class=\"_ SeceLYo_82\"></span>hr<span class=\"_ SeceLYo_82\"></span>es<span class=\"_ SeceLYo_82\"></span>ho<span class=\"_ SeceLYo_82\"></span>ld of 95% and c<span class=\"_ SeceLYo_82\"></span>us<span class=\"_ SeceLYo_82\"></span>t<span class=\"_ SeceLYo_82\"></span>oma<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_83\"></span>y</div>\n<div class=\"t SeceLYo_41 xe hb y63 SeceLYo_22 fs9 fc2 sc0 ls19 wsb\" style=\"z-index: 15;\">mate<span class=\"_ SeceLYo_82\"></span>ri<span class=\"_ SeceLYo_82\"></span>al ad<span class=\"_ SeceLYo_82\"></span>ver<span class=\"_ SeceLYo_82\"></span>s<span class=\"_ SeceLYo_82\"></span>e c<span class=\"_ SeceLYo_82\"></span>han<span class=\"_ SeceLYo_82\"></span>ge p<span class=\"_ SeceLYo_82\"></span>rote<span class=\"_ SeceLYo_82\"></span>c<span class=\"_ SeceLYo_83\"></span>tio<span class=\"_ SeceLYo_82\"></span>n. E<span class=\"_ SeceLYo_82\"></span>XM<span class=\"_ SeceLYo_82\"></span>AR u<span class=\"_ SeceLYo_82\"></span>nd<span class=\"_ SeceLYo_82\"></span>er<span class=\"_ SeceLYo_82\"></span>s<span class=\"_ SeceLYo_82\"></span>t<span class=\"_ SeceLYo_82\"></span>a<span class=\"_ SeceLYo_82\"></span>nd<span class=\"_ SeceLYo_82\"></span>s th<span class=\"_ SeceLYo_82\"></span>at, i<span class=\"_ SeceLYo_82\"></span>f foll<span class=\"_ SeceLYo_82\"></span>owi<span class=\"_ SeceLYo_82\"></span>ng t<span class=\"_ SeceLYo_82\"></span>he Bi<span class=\"_ SeceLYo_82\"></span>d, SAVERE<span class=\"_ SeceLYo_82\"></span>X an<span class=\"_ SeceLYo_82\"></span>d pe<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>so<span class=\"_ SeceLYo_82\"></span>ns a<span class=\"_ SeceLYo_82\"></span>c<span class=\"_ SeceLYo_82\"></span>t<span class=\"_ SeceLYo_82\"></span>ing</div>\n<div class=\"t m8 xe hb y64 SeceLYo_22 fs9 fc2 sc0 ls2 ws23\" style=\"z-index: 15;\">in co<span class=\"_ SeceLYo_82\"></span>nce<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_83\"></span>t wi<span class=\"_ SeceLYo_82\"></span>th i<span class=\"_ SeceLYo_82\"></span>t hol<span class=\"_ SeceLYo_82\"></span>d at le<span class=\"_ SeceLYo_82\"></span>as<span class=\"_ SeceLYo_82\"></span>t 95% of th<span class=\"_ SeceLYo_82\"></span>e sh<span class=\"_ SeceLYo_82\"></span>are<span class=\"_ SeceLYo_82\"></span>s in E<span class=\"_ SeceLYo_82\"></span>X<span class=\"_ SeceLYo_82\"></span>MA<span class=\"_ SeceLYo_82\"></span>R an<span class=\"_ SeceLYo_82\"></span>d have ac<span class=\"_ SeceLYo_82\"></span>qui<span class=\"_ SeceLYo_82\"></span>re<span class=\"_ SeceLYo_82\"></span>d, as a re<span class=\"_ SeceLYo_82\"></span>sul<span class=\"_ SeceLYo_82\"></span>t of t<span class=\"_ SeceLYo_82\"></span>he ac<span class=\"_ SeceLYo_82\"></span>ce<span class=\"_ SeceLYo_82\"></span>pt<span class=\"_ SeceLYo_82\"></span>an<span class=\"_ SeceLYo_82\"></span>ce of t<span class=\"_ SeceLYo_82\"></span>he</div>\n<div class=\"t SeceLYo_32 xe hb y65 SeceLYo_22 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">Bid, at le<span class=\"_ SeceLYo_82\"></span>as<span class=\"_ SeceLYo_82\"></span>t 9<span class=\"_ SeceLYo_82\"></span>0% of t<span class=\"_ SeceLYo_82\"></span>he s<span class=\"_ SeceLYo_82\"></span>har<span class=\"_ SeceLYo_82\"></span>es t<span class=\"_ SeceLYo_82\"></span>hat a<span class=\"_ SeceLYo_82\"></span>re su<span class=\"_ SeceLYo_82\"></span>bje<span class=\"_ SeceLYo_82\"></span>c<span class=\"_ SeceLYo_83\"></span>t to th<span class=\"_ SeceLYo_82\"></span>e Bid, SAVERE<span class=\"_ SeceLYo_82\"></span>X in<span class=\"_ SeceLYo_82\"></span>ten<span class=\"_ SeceLYo_82\"></span>ds t<span class=\"_ SeceLYo_82\"></span>o lau<span class=\"_ SeceLYo_82\"></span>nc<span class=\"_ SeceLYo_82\"></span>h a sim<span class=\"_ SeceLYo_82\"></span>pli<span class=\"_ SeceLYo_82\"></span>fie<span class=\"_ SeceLYo_82\"></span>d sq<span class=\"_ SeceLYo_82\"></span>ue<span class=\"_ SeceLYo_82\"></span>eze<span class=\"_ SeceLYo_82\"></span>-<span class=\"_ SeceLYo_83\"></span>ou<span class=\"_ SeceLYo_82\"></span>t bid.<span class=\"_ SeceLYo_82\"></span></div>\n<div class=\"t SeceLYo_51 xe hb y79 SeceLYo_22 fs9 fc2 sc0 ls23 wsb\" style=\"z-index: 15;\">SAVERE<span class=\"_ SeceLYo_82\"></span>X has i<span class=\"_ SeceLYo_82\"></span>nfo<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>me<span class=\"_ SeceLYo_82\"></span>d th<span class=\"_ SeceLYo_82\"></span>e bo<span class=\"_ SeceLYo_82\"></span>ar<span class=\"_ SeceLYo_82\"></span>d of dir<span class=\"_ SeceLYo_82\"></span>ec<span class=\"_ SeceLYo_83\"></span>tor<span class=\"_ SeceLYo_82\"></span>s of E<span class=\"_ SeceLYo_83\"></span>XMA<span class=\"_ SeceLYo_82\"></span>R ab<span class=\"_ SeceLYo_82\"></span>o<span class=\"_ SeceLYo_82\"></span>ut it<span class=\"_ SeceLYo_83\"></span>s inte<span class=\"_ SeceLYo_82\"></span>nt<span class=\"_ SeceLYo_82\"></span>ion<span class=\"_ SeceLYo_82\"></span>s to lau<span class=\"_ SeceLYo_82\"></span>nc<span class=\"_ SeceLYo_82\"></span>h t<span class=\"_ SeceLYo_82\"></span>he Bid<span class=\"_ SeceLYo_82\"></span>. Su<span class=\"_ SeceLYo_82\"></span>bje<span class=\"_ SeceLYo_82\"></span>c<span class=\"_ SeceLYo_82\"></span>t to t<span class=\"_ SeceLYo_82\"></span>he<span class=\"_ SeceLYo_82\"></span>ir</div>\n<div class=\"t SeceLYo_42 xe hb y66 SeceLYo_22 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">revi<span class=\"_ SeceLYo_82\"></span>ew of t<span class=\"_ SeceLYo_82\"></span>he p<span class=\"_ SeceLYo_82\"></span>ros<span class=\"_ SeceLYo_82\"></span>p<span class=\"_ SeceLYo_82\"></span>ec<span class=\"_ SeceLYo_83\"></span>tu<span class=\"_ SeceLYo_82\"></span>s, th<span class=\"_ SeceLYo_82\"></span>e bo<span class=\"_ SeceLYo_82\"></span>ard o<span class=\"_ SeceLYo_82\"></span>f dire<span class=\"_ SeceLYo_82\"></span>c<span class=\"_ SeceLYo_83\"></span>tor<span class=\"_ SeceLYo_82\"></span>s have u<span class=\"_ SeceLYo_82\"></span>nani<span class=\"_ SeceLYo_82\"></span>mo<span class=\"_ SeceLYo_82\"></span>us<span class=\"_ SeceLYo_82\"></span>ly re<span class=\"_ SeceLYo_82\"></span>so<span class=\"_ SeceLYo_82\"></span>lve<span class=\"_ SeceLYo_82\"></span>d to s<span class=\"_ SeceLYo_82\"></span>up<span class=\"_ SeceLYo_82\"></span>po<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_83\"></span>t and r<span class=\"_ SeceLYo_82\"></span>ec<span class=\"_ SeceLYo_82\"></span>om<span class=\"_ SeceLYo_82\"></span>men<span class=\"_ SeceLYo_82\"></span>d t<span class=\"_ SeceLYo_82\"></span>he Bid<span class=\"_ SeceLYo_82\"></span>.</div>\n<div class=\"t SeceLYo_44 xe hb y67 SeceLYo_22 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">Th<span class=\"_ SeceLYo_82\"></span>e ind<span class=\"_ SeceLYo_82\"></span>e<span class=\"_ SeceLYo_82\"></span>pe<span class=\"_ SeceLYo_82\"></span>nd<span class=\"_ SeceLYo_82\"></span>en<span class=\"_ SeceLYo_82\"></span>t dir<span class=\"_ SeceLYo_82\"></span>ec<span class=\"_ SeceLYo_83\"></span>tor<span class=\"_ SeceLYo_82\"></span>s of E<span class=\"_ SeceLYo_82\"></span>X<span class=\"_ SeceLYo_82\"></span>MA<span class=\"_ SeceLYo_82\"></span>R have a<span class=\"_ SeceLYo_82\"></span>pp<span class=\"_ SeceLYo_82\"></span>oi<span class=\"_ SeceLYo_82\"></span>nte<span class=\"_ SeceLYo_82\"></span>d De<span class=\"_ SeceLYo_82\"></span>gro<span class=\"_ SeceLYo_82\"></span>of Peter<span class=\"_ SeceLYo_82\"></span>c<span class=\"_ SeceLYo_82\"></span>am C<span class=\"_ SeceLYo_82\"></span>or<span class=\"_ SeceLYo_82\"></span>p<span class=\"_ SeceLYo_82\"></span>or<span class=\"_ SeceLYo_82\"></span>at<span class=\"_ SeceLYo_82\"></span>e Fina<span class=\"_ SeceLYo_82\"></span>nc<span class=\"_ SeceLYo_82\"></span>e SA as i<span class=\"_ SeceLYo_82\"></span>nd<span class=\"_ SeceLYo_82\"></span>ep<span class=\"_ SeceLYo_82\"></span>e<span class=\"_ SeceLYo_82\"></span>nd<span class=\"_ SeceLYo_82\"></span>ent</div>\n<div class=\"t SeceLYo_33 xe hb y68 SeceLYo_22 fs9 fc2 sc0 ls12 wsc\" style=\"z-index: 15;\">ex<span class=\"_ SeceLYo_82\"></span>pe<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_83\"></span>t to dr<span class=\"_ SeceLYo_82\"></span>aw u<span class=\"_ SeceLYo_82\"></span>p an in<span class=\"_ SeceLYo_82\"></span>de<span class=\"_ SeceLYo_82\"></span>p<span class=\"_ SeceLYo_82\"></span>en<span class=\"_ SeceLYo_82\"></span>de<span class=\"_ SeceLYo_82\"></span>nt ex<span class=\"_ SeceLYo_82\"></span>p<span class=\"_ SeceLYo_82\"></span>er<span class=\"_ SeceLYo_83\"></span>t re<span class=\"_ SeceLYo_82\"></span>po<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_83\"></span>t in ac<span class=\"_ SeceLYo_82\"></span>cor<span class=\"_ SeceLYo_82\"></span>da<span class=\"_ SeceLYo_82\"></span>nce w<span class=\"_ SeceLYo_82\"></span>it<span class=\"_ SeceLYo_82\"></span>h ar<span class=\"_ SeceLYo_83\"></span>ti<span class=\"_ SeceLYo_82\"></span>cle 23 o<span class=\"_ SeceLYo_82\"></span>f th<span class=\"_ SeceLYo_82\"></span>e Royal D<span class=\"_ SeceLYo_82\"></span>ec<span class=\"_ SeceLYo_82\"></span>re<span class=\"_ SeceLYo_82\"></span>e of 27 A<span class=\"_ SeceLYo_82\"></span>pr<span class=\"_ SeceLYo_82\"></span>il 20<span class=\"_ SeceLYo_82\"></span>07</div>\n<div class=\"t SeceLYo_46 xe hb y69 SeceLYo_22 fs9 fc2 sc0 ls16 wsb\" style=\"z-index: 15;\">on p<span class=\"_ SeceLYo_82\"></span>ub<span class=\"_ SeceLYo_82\"></span>lic t<span class=\"_ SeceLYo_82\"></span>akeove<span class=\"_ SeceLYo_82\"></span>r bid<span class=\"_ SeceLYo_82\"></span>s (t<span class=\"_ SeceLYo_82\"></span>he \u201cT<span class=\"_ SeceLYo_81\"></span>akeover D<span class=\"_ SeceLYo_82\"></span>ec<span class=\"_ SeceLYo_82\"></span>re<span class=\"_ SeceLYo_82\"></span>e\u201d). A deta<span class=\"_ SeceLYo_82\"></span>ile<span class=\"_ SeceLYo_82\"></span>d op<span class=\"_ SeceLYo_82\"></span>inio<span class=\"_ SeceLYo_82\"></span>n of t<span class=\"_ SeceLYo_82\"></span>he b<span class=\"_ SeceLYo_82\"></span>oar<span class=\"_ SeceLYo_82\"></span>d of dir<span class=\"_ SeceLYo_82\"></span>ec<span class=\"_ SeceLYo_83\"></span>tor<span class=\"_ SeceLYo_82\"></span>s w<span class=\"_ SeceLYo_82\"></span>ill be s<span class=\"_ SeceLYo_82\"></span>et f<span class=\"_ SeceLYo_82\"></span>or<span class=\"_ SeceLYo_83\"></span>th i<span class=\"_ SeceLYo_82\"></span>n</div>\n<div class=\"t m8 xe hb y6a SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">th<span class=\"_ SeceLYo_82\"></span>e res<span class=\"_ SeceLYo_82\"></span>p<span class=\"_ SeceLYo_82\"></span>on<span class=\"_ SeceLYo_82\"></span>se m<span class=\"_ SeceLYo_82\"></span>em<span class=\"_ SeceLYo_82\"></span>or<span class=\"_ SeceLYo_82\"></span>an<span class=\"_ SeceLYo_82\"></span>du<span class=\"_ SeceLYo_82\"></span>m.</div>\n<div class=\"t SeceLYo_43 xe hb y7b SeceLYo_22 fs9 fc2 sc0 ls1c wsb\" style=\"z-index: 15;\">SAVERE<span class=\"_ SeceLYo_82\"></span>X is b<span class=\"_ SeceLYo_82\"></span>ein<span class=\"_ SeceLYo_82\"></span>g as<span class=\"_ SeceLYo_82\"></span>si<span class=\"_ SeceLYo_82\"></span>s<span class=\"_ SeceLYo_82\"></span>te<span class=\"_ SeceLYo_82\"></span>d in re<span class=\"_ SeceLYo_82\"></span>s<span class=\"_ SeceLYo_82\"></span>pe<span class=\"_ SeceLYo_82\"></span>c<span class=\"_ SeceLYo_82\"></span>t of t<span class=\"_ SeceLYo_82\"></span>he B<span class=\"_ SeceLYo_82\"></span>id by K<span class=\"_ SeceLYo_82\"></span>BC Se<span class=\"_ SeceLYo_82\"></span>cu<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>iti<span class=\"_ SeceLYo_82\"></span>es N<span class=\"_ SeceLYo_82\"></span>V an<span class=\"_ SeceLYo_82\"></span>d BNP Par<span class=\"_ SeceLYo_82\"></span>ib<span class=\"_ SeceLYo_82\"></span>as Fo<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_83\"></span>tis S<span class=\"_ SeceLYo_82\"></span>A<span class=\"_ SeceLYo_83\"></span>/NV a<span class=\"_ SeceLYo_82\"></span>s fina<span class=\"_ SeceLYo_82\"></span>nc<span class=\"_ SeceLYo_82\"></span>ial</div>\n<div class=\"t SeceLYo_45 xe hb y6b SeceLYo_22 fs9 fc2 sc0 ls1c wsf\" style=\"z-index: 15;\">ad<span class=\"_ SeceLYo_82\"></span>vis<span class=\"_ SeceLYo_82\"></span>o<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>s, by Be<span class=\"_ SeceLYo_82\"></span>lfiu<span class=\"_ SeceLYo_82\"></span>s Ba<span class=\"_ SeceLYo_82\"></span>nk SA<span class=\"_ SeceLYo_83\"></span>/N<span class=\"_ SeceLYo_82\"></span>V as c<span class=\"_ SeceLYo_82\"></span>ent<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>ali<span class=\"_ SeceLYo_82\"></span>zin<span class=\"_ SeceLYo_82\"></span>g an<span class=\"_ SeceLYo_82\"></span>d rec<span class=\"_ SeceLYo_82\"></span>eiv<span class=\"_ SeceLYo_82\"></span>in<span class=\"_ SeceLYo_82\"></span>g age<span class=\"_ SeceLYo_82\"></span>nt a<span class=\"_ SeceLYo_82\"></span>nd by A<span class=\"_ SeceLYo_82\"></span>rg<span class=\"_ SeceLYo_82\"></span>o L<span class=\"_ SeceLYo_82\"></span>aw a<span class=\"_ SeceLYo_82\"></span>s le<span class=\"_ SeceLYo_82\"></span>gal a<span class=\"_ SeceLYo_82\"></span>dv<span class=\"_ SeceLYo_82\"></span>is<span class=\"_ SeceLYo_82\"></span>or<span class=\"_ SeceLYo_81\"></span>. T<span class=\"_ SeceLYo_82\"></span>he in<span class=\"_ SeceLYo_82\"></span>d<span class=\"_ SeceLYo_82\"></span>e<span class=\"_ SeceLYo_82\"></span><span class=\"ls2 ws2\">-</span></div>\n<div class=\"t SeceLYo_29 xe hb y6c SeceLYo_22 fs9 fc2 sc0 ls1a wsd\" style=\"z-index: 15;\">pe<span class=\"_ SeceLYo_82\"></span>nd<span class=\"_ SeceLYo_82\"></span>en<span class=\"_ SeceLYo_82\"></span>t dire<span class=\"_ SeceLYo_82\"></span>c<span class=\"_ SeceLYo_83\"></span>tor<span class=\"_ SeceLYo_82\"></span>s of E<span class=\"_ SeceLYo_82\"></span>X<span class=\"_ SeceLYo_82\"></span>MA<span class=\"_ SeceLYo_82\"></span>R are b<span class=\"_ SeceLYo_82\"></span>ei<span class=\"_ SeceLYo_82\"></span>ng as<span class=\"_ SeceLYo_82\"></span>s<span class=\"_ SeceLYo_82\"></span>is<span class=\"_ SeceLYo_82\"></span>te<span class=\"_ SeceLYo_82\"></span>d by A<span class=\"_ SeceLYo_82\"></span>lle<span class=\"_ SeceLYo_82\"></span>n &amp; O<span class=\"_ SeceLYo_82\"></span>ver<span class=\"_ SeceLYo_83\"></span>y LL<span class=\"_ SeceLYo_82\"></span>P as l<span class=\"_ SeceLYo_82\"></span>eg<span class=\"_ SeceLYo_82\"></span>al ad<span class=\"_ SeceLYo_82\"></span>vi<span class=\"_ SeceLYo_82\"></span>so<span class=\"_ SeceLYo_82\"></span>r an<span class=\"_ SeceLYo_82\"></span>d have ap<span class=\"_ SeceLYo_82\"></span>p<span class=\"_ SeceLYo_82\"></span>oint<span class=\"_ SeceLYo_82\"></span>ed D<span class=\"_ SeceLYo_82\"></span>eg<span class=\"_ SeceLYo_82\"></span>ro<span class=\"_ SeceLYo_82\"></span>of</div>\n<div class=\"t m8 xe hb y6d SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">Peterc<span class=\"_ SeceLYo_82\"></span>a<span class=\"_ SeceLYo_82\"></span>m Co<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>po<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>ate Fi<span class=\"_ SeceLYo_82\"></span>nan<span class=\"_ SeceLYo_82\"></span>ce SA a<span class=\"_ SeceLYo_82\"></span>s in<span class=\"_ SeceLYo_82\"></span>de<span class=\"_ SeceLYo_82\"></span>pe<span class=\"_ SeceLYo_82\"></span>nd<span class=\"_ SeceLYo_82\"></span>e<span class=\"_ SeceLYo_82\"></span>nt ex<span class=\"_ SeceLYo_82\"></span>p<span class=\"_ SeceLYo_82\"></span>er<span class=\"_ SeceLYo_83\"></span>t in a<span class=\"_ SeceLYo_82\"></span>cco<span class=\"_ SeceLYo_82\"></span>rd<span class=\"_ SeceLYo_82\"></span>anc<span class=\"_ SeceLYo_82\"></span>e wi<span class=\"_ SeceLYo_82\"></span>th a<span class=\"_ SeceLYo_82\"></span>r<span class=\"_ SeceLYo_82\"></span>t<span class=\"_ SeceLYo_82\"></span>ic<span class=\"_ SeceLYo_82\"></span>le 23 of t<span class=\"_ SeceLYo_82\"></span>he T<span class=\"_ SeceLYo_81\"></span>akeove<span class=\"_ SeceLYo_82\"></span>r De<span class=\"_ SeceLYo_82\"></span>cre<span class=\"_ SeceLYo_82\"></span>e.</div>\n<div class=\"t m8 xe hb SeceLYo_103 SeceLYo_22 fs9 fc2 sc0 ls2 ws2\" style=\"z-index: 15;\">No ot<span class=\"_ SeceLYo_82\"></span>her s<span class=\"_ SeceLYo_82\"></span>u<span class=\"_ SeceLYo_82\"></span>bs<span class=\"_ SeceLYo_82\"></span>eq<span class=\"_ SeceLYo_82\"></span>ue<span class=\"_ SeceLYo_82\"></span>nt eve<span class=\"_ SeceLYo_82\"></span>nt<span class=\"_ SeceLYo_82\"></span>s o<span class=\"_ SeceLYo_82\"></span>cc<span class=\"_ SeceLYo_82\"></span>ur<span class=\"_ SeceLYo_82\"></span>re<span class=\"_ SeceLYo_82\"></span>d.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 113px; height: 729px; width: 94%; z-index: 2;\"></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:5493006GOR72R0ZYBN98",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  }
 }
}